Today’s China Real Estate Links | February 8, 2012

By Michael Cole On February 8, 2012 · Leave a Comment

Here is a list of the day’s latest China real estate news collected from around the web:

New home sales rebound last week

SALES of new homes in Shanghai rebounded last week as buying sentiment took off following the end of the Lunar New Year holiday.A total of 26,300 square meters of new homes, excluding government-funded affordable housing, were sold during the seven days ended on Sunday, a surge from 4,400 square meters registered a week earlier, according to data released yesterday by Shanghai Deovolente Realty Co.
GLP signs 86,900 sqm of new leases in China

Global Logistic Properties Limited on Tuesday said it has recently signed 86,900 sqm of new and expansion leases in its China portfolio.Dahang International Transportation, a subsidiary of Hitachi Transport System Ltd, leased 52,500 sqm at GLP Tianjin Pujia in Tianjin, Northern China.
China’s cut price property could hamper growth, says Fidelity

China’s property prices are likely to fall further as income inequality forces the government to keep housing affordable for all, said Martha Wang, who oversees more than $3 billion at Fidelity’s China Focus fund.
Home Transactions Plunge 85% In Several Chinese Cities

Thirty-six out of 40 major cities monitored by the China Real Estate Index System posted year-on-year drops in home transaction volumes in the week after the Lunar New Year holiday period, with 15 cities recording drops of more than 50 percent in home transactions, reports Shanghai Securities News.
Global Office Vacancies Decline to Two-Year Low, Jones Lang LaSalle Says

Global office vacancies dropped to their lowest level in two years, driving rents higher for an eighth straight quarter, a Global Office Index report by Jones Lang LaSalle Inc. showed.
Global vacancy edged to 13.6 percent, Jones Lang LaSalle, the world’s second-biggest publicly traded commercial-property broker, said.
London Residential Market ‘Dominated by Overseas Buyers’

Research conducted by Savills found almost two-thirds of those entering the new-build sector in the UK’s capital were international purchasers, with investors from China and the Asia-Pacific region comprising the most-active group. Buyers from these nations accounted for 26 per cent of transactions in the new-build industry, showing a particular interest in apartments and properties in the lower price brackets.
Property Stocks Decline on Real Estate Outlook

Property stocks listed in Shanghai fell the most of any industry group on China’s biggest exchange after the nation’s largest listed real estate developer posted a drop in January sales.

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