Today’s China Real Estate Links | February 3, 2012

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

• China Home Prices May Decline as Much as 15%, GreenOak’s Kalsi Says

  Chinese home prices may fall as economic growth decelerates and income gains lag development, said panelists at the Bloomberg Link China conference.
  “I don’t think China’s going to blow up, but prices are ahead of affordability,” Sonny Kalsi, a founder of GreenOak Real Estate and former global co-head of property at Morgan Stanley, said at the panel discussion in New York today.

• Policies, developers’ cuts push housing prices down again

  China’s home prices fell for a fifth month in January as the government maintained its curbs on the property sector and more developers cut prices to stimulate sales.
  According to SouFun Holdings Ltd, the nation’s biggest real estate website portal, property prices nationwide fell 0.18 percent last month from December. Prices dropped in 60 of 100 cities tracked by the company, the same as in December, it said on Wednesday.

• Jones Lang LaSalle to add 1,250 jobs in China, India

  Jones Lang LaSalle Inc , the world’s second-largest property brokerage and advisory group, will add about 1,250 employees in China and India this year, according to the head of its Asia business, as it looks to those emerging nations and Indonesia for growth amid unusually choppy property markets.

• Shanghai banks lower mortgage interest rates

  Several Chinese banks in Shanghai are lowering their interest rates on mortgages for first-home purchases, and some foreign-funded banks are also offering discounts, according to a report in the China Business News on Tuesday.

• China’s average housing prices fall in January

  The average housing price for 100 major cities across China was lower for a fifth consecutive month in January, a survey showed Wednesday as the residential property sector remained cool, though the decline in property prices is losing steam.

• China Home Prices Post Longest Stretch of Declines on Curbs, SouFun Says – Bloomberg

  China’s home prices fell for a fifth month in January as the government continued to control the property market, the longest losing streak since SouFun Holdings Ltd. (SFUN) started tracking the data.

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