Today’s China Real Estate Links | February 6, 2012

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

• Standard Chartered’s Green Says Economy to Expand 8.1% in 2012

  China’s economic growth will decelerate to around 8.1 percent this year and edge up to 8.7 percent in 2013, Stephen Green, economist with Standard Chartered Bank (China), said Saturday.
  He said in an interview with Xinhua that China’s manufacturing activity is far from optimistic despite the country’s Purchasing Managers Index (PMI) for the manufacturing sector rose slightly in January.

• China Real Estate Cools While Jakarta Sizzles

  According to Jones Lang LaSalle’s latest Q4 2011 Asia Pacific Residential Index, which follows eight luxury residential markets within the region, there was on average a 0.2 per cent increase in capital value in the fourth quarter of 2011.While Beijing, Bangkok, Jakarta, and Mumbai witnessed an increase, and Kuala Lumpur and Singapore remained stable, Hong Kong and Shanghai slumped.

• China Limits Mortgage Loans for Foreigners, NDRC Says

  China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.

• Vanke, Guangzhou R&F Jan sales see sizeable drops

  China Vanke, the country’s largest developer by sales, said on Friday its sales stood at 12.2 billion yuan ($1.94 billion) in January, a fall of 39 percent from a year earlier, as Chinese developers began the year on a sour note.

• Asian investors buying up London’s prime new build property

  People from the world’s new economies, primarily Asia Pacific, Russia and the Commonwealth of Independent States (CIS), are a different type of buyer to those from the older economies such as the UK, North America and Middle East, whose buyers have been coming to London for decades.

• Beijing Ratchets Up Office Rents by 75%

  The local office market saw office rents rise astronomically to $130 per square foot in 2011, an increase of 75% from a year prior, according to a recent report from Cushman & Wakefield. However, it’s believed the city, and the rest of the global office market, will see a slow-down of activity in 2012 as owners and tenants pause to feel out fundamentals such as the European debt market and troubles in the Middle East.

• China Overseas Land forecasts sales dip in challenging year

  China Overseas Land & Investment Ltd, the largest mainland property developer by market value, on Thursday forecast an 8 percent decline in its sales this year, which its top executive said will be “challenging” for developers.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest on the subscription form in the right-hand column.

Digest powered by RSS Digest