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![Page 1: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/1.jpg)
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![Page 3: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/3.jpg)
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0
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1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
![Page 8: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/8.jpg)
RJC Research Inc. STRICTLY CONFIDENTIAL 8Source: Internet images
![Page 9: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/9.jpg)
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(2003=100)
( )
1.6% 2.8% 2.7%
50
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500
2003
2004
2005
2006
2007
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* Source: Sinyi Real Estate Planning and Research * Source: Rating and Valuation Department * Source: eHomeday
CAGR8.32%
CAGR13.16% CAGR
8.60%
![Page 10: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/10.jpg)
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=
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1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
China HK Taiwan JapanSingapore UK France USA Canada
: Global Property Guide
2.9%3.2%
2.8%2.7%
1.6%
2.8%
5.0%
3.7%3.9%
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IT
![Page 14: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/14.jpg)
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27
27
29: 14
: 97: :: 244
( )
(2016 12 )
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x x
x x
/
2LDK 3LDK
1
2 3
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3,000 4,0004%
1K 1LDK30 40
2,0006%
1K 1LDK40
5,000 12LDK 3LDK
60 100
12LDK 3LDK
100
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2-3
1,0001
1-3 1
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(2020E)
Source: 2016 China Wealth Report (Boston Consulting Group) 1)
3,500
(2020E)1)(2020E)
![Page 20: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/20.jpg)
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30-403-4,0001-2,000
4%-6%-
![Page 22: G0GFG0Fþ ¶ Ç 2( FûG G ¥ Y ·#Ø 2(Fþ Â · Source: Internet images28 Y ·#Ø'ö#.GOG GnFÿF¸ ¥ FûFÚFÔFö>Ý>Ü º è VFþ) 9 G" âFôGoG G^G G" G FøFéG F¸ Y ·#ØFþGeG{F÷](https://reader030.vdocuments.site/reader030/viewer/2022011806/5be3be3809d3f233038c3433/html5/thumbnails/22.jpg)
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24Source: Internet images
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25Source: Internet images
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RJC
RJC
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27Source: Internet images
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28Source: Internet images
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29Source: Internet images
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WealthPark
WealthPark
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ITVR
API