Here is a list of the day’s latest China real estate news collected from around the web:
- The worst in China housing slowdown may be over – Standard Chartered
China’s real-estate sector may be turning the corner according to Stephen Green and Lan Shen, research analysts at Standard Chartered, suspecting that the worst of the slowdown is probably over. “This is not to say that apartment prices will now start to rise or to say that developers‟ cash pressures are ending. The good times are probably a year or more away, but the drivers of the current downturn are now turning”, with the analysts supporting their upbeat case on improving national construction numbers as well as sales volumes, which are rising in key cities.
- Despite Risks, China Property Junk Bonds Attractive
Despite the fall in China’s property prices over the past eight months and growing worries over the financial health of its developers, investment strategists tell CNBC they are bullish on junk bonds issued by the country’s large real estate firms.  “(Chinese) property bonds are some of the best opportunities out there – they offer 10 to 20 percent yield,” Eddie Tam, Chief Investment Officer at hedge fund Central Asset Investments told CNBC.
- Prices hint at faith in real estate market
A number of recent commercial real estate deals with astounding bid prices suggest that developers are gaining confidence but are also giving rise to concerns that the money pouring into commercial property in search of a quick return will burst a bubble. On June 18, the Chinese property developer Evergrande Real Estate Group Ltd set a record for land prices in Guangzhou when it bought a plot for the equivalent of 32,9687 yuan ($5,184) per square meter.
- China June official PMI hits 7-mth low
China’s factory downturn worsened in June as a key activity index hit a seven-month low, data expected to raise expectations the central bank may seek more policy easing to revive the world’s second-largest economy. The official Chinese purchasing managers’ index (PMI) fell to 50.2 in June after seasonal adjustments, the National Bureau of Statistics said on Sunday, above forecasts for 49.8, but down from May’s 50.4.
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