Here is a list of the day’s latest China real estate news collected from around the web:
- China Vanke Reports Sales Jump
China Vanke, the country’s largest property developer by sales, recorded an increase in sales in May from April as well as from a year earlier, as more buyers stepped in from the sidelines of the beleaguered housing market. The company, whose sales figures are considered a bellwether for the country’s property sector, said that sales in May totaled 10.72 billion yuan dollars (US$1.68 billion).
- China Affirms Its Love Affair with LV
As China prepares to replace Japan in the top spot for worldwide luxury consumption, Louis Vuitton is well placed to capitalize further on its brand. Tiffany Tan reports in Beijing. Fang Wenting has had an eight-year love affair with Louis Vuitton. The 30-year-old bought her first LV in 2004, the classic Speedy 30 handbag in Monogram Multicolore Canvas.
- Luxury Villas Leading a Rebound in Shanghai Home Sales
ROBUST sales of villas propelled new home transactions in Shanghai to the highest in two months last week, according to latest market data. The purchases of new homes, excluding government-funded affordable housing, rose 15.5 percent from the previous seven-day period to 214,300 square meters, Shanghai Deovolente Realty Co said in a report released yesterday.
- Zippo the Latest International Brand to Plan China Retail Presence
Zippo Manufacturing Co. is planning to open five retail outlets later this year in China.
Besides lighters, the Bradford, Pa.-based company, which employs 800 worldwide, will be selling myriad products including clothing, accessories and its Zippo perfume.