01 2016 2-35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 2016 2 (+10.43%) (+12.1%)(+10.1%) (9.67%) +8.40% 10.43% 10.10% 9.89% 9.67% 8.40% 2016 2 (-12.46%) (-11.2%)(-10.33%)(-10.55%) (-10.15%) 7.63% 6.34% 6.27% 5.70% 5.61% 2016 2 4530 34 11 5.46% 5.44% 5.41% 5.32% 5.28% 4.82% 4530 4.38% 3.99% 3.58% 3.29% 3.10% 3.01% 2.87% 2.75% 2.22% 2.04% 2016 2 26 19 7 2016 2 22 17 9 () 4 2016 2 5 2016 2 1.29% 1.07% 0.92 0.72-0.32% -0.35% -1.15% -1.36% -1.95% -2.86% -2.94% -2.95% -5.79% -7.59% -10.15% -10.55% -10.73% -11.20% -12.46% 400-041-7515
4 2016 2 2016 2 2016 2 20% 30% 25% 0% 5% -5% -10% -15% -20% -25% -30% -35% 10% 15% 18.02% 11.11% 10.21% 10.03% 9.32% 8.75% 8.06% 8.05% 7.03% 6.61% 6.22% 6.01% 5.50% 5.38% 5.34% 5.14% 5.07% 5.05% 4.75% 4.70% 4.19% 4.07% 3.69% 3.40% 3.28% 3.10% 2.78% 2.42% 2.00% 1.80% 1.43% 1.21% 1.19% 0.58% -0.48% -1.01% -1.53% -1.93% -2.91% -2.91% -4.13% -6.03% -8.50% -9.47% -10.18% 400-041-7515 02
03 2016 2 1 2% 2.62016 1 0.8% 2015 41.4% 2015 32% 2015 23.9% 2015 1 0.6% 2.4%2014 2016 2% 166 164 162 160 158 156 154 2016 2 152 6 7 8 9 10 11 12 1 2 3 4 5 6 2015 2016 2016 2 20 12.59% 11.04% 5.11% 3.31% 5.11% 2.46% 4.70% 2.04% 2.01% 5.12% 5.78% 6.44% 5.30% 6.45% 5.68% 5.11% 9.22% 8.95% 7.93% 6.95% 400-041-7515
$1 = 6.67-2016 9 22 400-041-7515 2,711 177 6 6 4 2016-05 4116.310 2016-05 5 NAHB58 2016-06 04
05 2016 2 2016 28 3.0%2013 3 2.7% 6.7% 5 2016 9 2016 2GDP () 0.5% 2015 1 0.6% 2015 2 0.6% 2015 3 0.8% 2015 4 0.9% 2016 10.9% 2015 FIRB 150 140 130 120 110 100 90 80 70 06 14 09 14 12 14 03 15 06 15 09 15 12 15 03 16 06 16 5 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 10% 8% 2016-04 6% 4% 2% 2016-05 0% -2% 2016-06 -4% Sydney Melbourne Brisbane Adelaide Perth 400-041-7515
06 2016 2 $575,000-0.1% -4.3% $404,000-4.9% 5.4% $521,400-4.6% -2.8% $405,000-5.5% -5.5% $505,000 +5.6% +2.3% $389,000 +2.4% +0.9% $881,800 +4.1% +3.0% $415,000 +1.7% -2.6% $628,800 +1.9% +1.7% $450,000 +2.2% +1.3% $345,000 +1.7% -4.1% $640,000 +12.1% +3.8% $495,000 +6.1% +1.1% $415,000-0.9% +3.7% $360,500 +5.7% +1.9% $283,000 +10.3% +1.8% LJHooker 7 6 4 6 428 Corelogic2016 8 12 16.3%8.5% 8 8 137 47 4 2 2 1,178 $1 = 5.06-2016 9 22 400-041-7515
07 2016 2 21.5% (12.1%)(10.8%) (10.7%) 0.2% 9% 8% 7% 6% 5% 4% 3% 2% 11 5 6 7 8 9 10 11 12 1 2 3 4 5 2015 2016 Teranet 4 2 1 450 2016-04 2016-05 2016-06 $1 = 5.06-2016 9 22 400-041-7515
08 2016 2 10.43% 5.19% 2016 2 0.58% (REINZ) 2016 7 7,299 10%2016 7 20.3% /BOP 14.4% 2016 7 33% 40% 20167 16,833 13.1% 17%72% IMF 2%2015 3.4% 2014 3% 2013 1.7% (RBNZ) 2016 8 (OCR)25 14 5 16% 14% 12% 10% 8% 6% 4% 2% 0% 6 7 8 9 10 11 12 1 2 3 4 2015 2016 5 6 4 2 287 $1 = 4.88-2016 9 22 2016-03 2.25% 2016-07 2016-07 400-041-7515
09 2016 2 9.89% 2016 2 3.71% 16% 14% 12% 2008-2009 2016 2 3.1%2016 1 1.5% 1.7% 2017 1.4% 2015 1.5% 2014 1.6% 2013 0.4% 2012 0.6% 10% 8% 6% 4% 2% 0% 5 6 7 8 9 10 11 12 1 2 3 4 5 2015 2016 Europace $1 = 7.43-2016 9 22 140 120 100 80 60 40 20 2008 2009 2010 2011 2012 2013 2014 2015 2016 Europace 2 2 1 1 424 400-041-7515
10 2016 2 2.94% 1.21%12 2016 12 2,256 59% 6.6% 2016 2 13%2,371 2016 2 2.2% 2016 12.1% 2015 4 1.8% 2015GDP 2% 2014 3.3% 2013 4.7% 160 155 150 145 140 135 130 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 2016 3 3 1 595 $1 = 4.90-2016 9 22 2016 2 2016 2 5.7% 2016 2 0.22% 25% 20% 15% 10% 2016 2 5% 19,2384.2% 9,806 11.4% 0% -5% 2016 2 0.2%2016 1-10% 6 7 8 9 10 11 12 1 2 3 4 2015 2016 5 6 400-041-7515
11 GDP2% 0.5% 2 1 249 2015 51122.967 2016 81101.197 20122015 31% 1 = 0.065-2016 9 22 3 1 1 593 3 1 395 400-041-7515
12 7 2016 2 22 17 2016 2 10.1% 2016 111.55% 2015 4 7.74% 2015 37.57% 2015 24.83% 2016 2 0.77% 20082014 2009-24.22% 2010-22.08% 2011-6.99% 2012-5.96% 2013-10.43% 2014-1.59%2015 2015 3.7% 2009 2014 4.2% 2016 2 9.67% 2016 20.36% 2002-2007GDP 6.8%2008 9.7% 20072011 29% 200814.65% 20092.82% 20103.54% 20112.39% 201220122015 8% 2016 1 4.8%2015 3.8% 2014 2.9% 2013 4.2% 2012 2.1% 2011 8.8% 2010 9.2% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 10-10 -20-30 -40-50 0.0% 2012 2013 2014 2015 2016 0 2016 2 2009 2010 2011 2012 2013 2014 2015 (IMF) 2016 3.8% 2017 3.4% 13.2% 2016 81 3.31691 27% 1 2.95954 2016 2 2016 7.63%3.59% 2016 2 5.6% 20002007 53.4% 2008 9.1% 20091.1% 2010 5% 20112012 5.2% 2013 2013 5.34% 2014 4.32% 20158.66% IMF 3.6% 20173% 2015 6.3% 400-041-7515
13 2014 3.7% 2013 4.1% 2012 2.8% 2016 2 6.34% 6.19% 2016 2 1.17%(IMF) 4.2% 20154% 2014 2% 2013 4.4% 2012 1.2% 2011 2% 2016 2 6.27% 2016 2 0.9% 2015 GDP26.3% (7.8%) 2037 5%2017 3.6% 2016 2 (5.61%) (5.46%),(5.41%) (5.28%)(4.82%) 2016 1 2016 2 2016 2 (2.87%(2.75%) (2.22%)(2.04%)(0.92%) (0.72%) 2016 2 2016 2 2016 2 12.46%11.13% 2016 1 2.27% 20% 10% 5% 2016 7 7.2% 7.5% 72014 3 (-6.03%) (-12.46%)2015 15.5% 2002 IMF 8.4% 2016 846.97 2015 12 37.13 26.5% 103.40 55.7% IMF2015 2009 GDP 0% -5% -10% -15% -20% 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 3.7% 1.8% 44% 2014 8136.20 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 Federal State Statistics Service 2016 8164.87 34%2014 8148.18 2016 81 400-041-7515
14 72.70 2016 2 10.15%2.38% 2016 1 0.78% IMF 4.1% 2008 4.7% 2016 2 (-2.95%) (-1.95%)(-1.15%) 2016 2 1-1.58%-2.1%-1.36% 2016 2 GDP 1.5% 2016 1 1.06% 6.91% 12.81% 2016 15.38% 4.1% 2008 4.7% 12 10 8 6 4 2 0-2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 Bank of Thailand Savills 2016 2 4 5 3 2 1 0-1 -2 CBD -3-4 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 2016 Colliers International: Philippines 400-041-7515
15 2016 1 9( )5 2016 2 10.73%16.88% 2016 2 2.68% (RVD)2016 213,700 11.6% 8.7%1080.8 139.3 2016 2 1.7% 1% 2% 2015 2.4% 2014 2.6% 2013 3.1% 2016 2 10.55% 2016 2 3.21% 2016 2 14 0.35% 0.34% 30% 25% 20% 15% 10% 5% 0% -5% -10% 2016 2 5.18% 2016 14.92% 2015 45.04% 4.9% 20154.8% 20152.3% 2014 7.9% 2013 11.6% 2012 12.3% 2011 17.3%, 2010 7.3% GDP 0.4% 2016 2 CBD 2.86% 2016 2 3.9% 2011 12015 4 CBD 28.3% 2016 27% 2016 1 6.9% 2015 46.5% 2015 3 6% 2015 2 5.8% 2015 15% IMF 2016 6% 2017 6.2% -15% -2% -4% -6% -8% -10% -12% -14% -16% 6 7 8 9 10 11 12 1 2 3 4 5 6 2015 2016 Ratings and Valuation Department -18% 6 7 8 9 10 11 12 1 2 3 4 5 6 2015 2016 Ikon 400-041-7515
16 4 2016 2 2016 2 2016 2 3.29% 7.66% 2014 1 2016 2 1.8% (CBS) 2015 40% 2016 8,292 3.7% 2016 3 26,7251.7% 2015 47,746 3.9% 43,399 2.8% 2016 2 3.7% 2.2% 2.4% 2014 2015 2.6% 2013 3.3% 2012 2.9% 2011 5% 2016 8 0.1 2016 2 1.29% 2016 1 9.38% 2015 4 10.76% 2015 3 16.3% 2015 2 21.47% 2015 1 27.81% 2016 2 3.84% 4.2% 2008-2011 15.7% 2016 2 5.79%2015 2 11.72% 6 2016 1 0.63% 2008 32011 3 53% 2012 2012 22014 4 2014 2016 28,251 22.8% 1130 12.4% 2016 2018 48,000 25% 20% 15% 10% 5% 0% -5% 10% IMF 2.4% 2015 3.9% 2014 4.6% 2013 4.3% 2012 7.2% 2011 4.9% 2016 2 11.2% 0.9% 2016 2 15.44% IMF2015 4.2%5 1.2%7-17/2015 2015 2022 FIFA 2016 6 IMF 3.4%2012-2015 -10% -15% -20% 6 7 8 9 10 11 12 1 2 3 4 5 6 2015 2016 400-041-7515
17 2016 2 5.32% 3.43% 2016 2 2.45% 2015 15% 2008 10.3% 118.46 2016 22.5% 2016 2 0.2% 2013 2 2.4%2.5% 20142.3% 2013 1.3% 2016 2 7.59%3.52% 2016 2 1.58% IMF 3.8% GDP2015-3.8% 2014 0.15% 2013 2.7% 2012 1.8% 2011 3.9% 2010 7.6% 2015 12 (BRL) 13.88 2014 12 12.64 32%20168 26.5% 13.21 20032012 26%7.25% 20072013 113% 144% 2013 9 2014 411% 7 2014 10 25 2014 1250 2015 5 6% 5% 14.25% 6 2016 2 1.36% 2.93% 2016 2 2.62% 2016 19% IMF 1.5% 2017 2.1% 2015 2.1% 2014 1.8% 2013 4% 2016 2 3.8%2014 2 4% 3% 2% 1% 2016 8 IBGE 2016 2 11.3% 6.5% 0% -1% -2% -3% Q2 Q1 Q3 Q4 Q4 Q3 Q4 Q2 Q1 Q2 Q3 Q1 Q2 2013 2014 2015 2016 Sociedad Hipotecaria Federal 400-041-7515
18 2016 2 0.32% 2016 2 0.05% 2016 2016 11.2% 2015 40.4% 1.3%2009 IMF GDP 0.6% 1.0% 0.5% 0.0% -0.5% 1.0% -1.5% -2.0% -2.5% 6 7 8 9 10 11 12 1 2 3 2015 2016 4 5 6 ABSA 2016 7 (SARB) 7% 475 2016 1 29.3% 102016 8 113.78 400-041-7515
18 www.juwai.com400-041-7515 400-041-7515
SHANGHAI 687 5011929 Room 501, 687 Dong Da Ming Road, Hong Kou District, Shanghai, China. Office: +86 21 6072 9628-812 Fax: +86 21 6072 9629 HONG KONG 13335 Level 35, Times Media Centre, 133 Wan Chai Road, Wan Chai, Hong Kong. Office: +852 2850 5083 Fax: +852 2850 5078 CONSUMER SERVICE 400-041-7515 +852 2850 5083