Today’s China Real Estate Links | February 15, 2012

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

• Loan Crunch Sends Hong Kong Developers to Bonds

  Hong Kong’s property developers facing competition from Chinese companies for financing are selling a record amount of dollar-denominated bonds. The Kwok family’s Sun Hung Kai Properties Ltd. and billionaire Peter Woo’s Wharf Holdings Ltd. led seven Hong Kong real estate companies selling $6.18 billion of debt in 2012, the busiest quarter on record, according to data compiled by Bloomberg.

• Major Chinese developers’ January 2012 sales plunge

  Mainland property developers have seen sales plunge in January, with business off by more than half for the bulk of home builders, compared with the same month in 2011. Business was particularly poor last month because of the Lunar New Year holiday, a slow time for sales. The festival fell in January in 2012, but was in February last year.

• China Property Shares Fall After Policy Reversal

  China’s property shares fell sharply Monday after Wuhu, an eastern Chinese city, reversed over the weekend an earlier decision to relax housing curbs, an abrupt move that signaled Beijing’s determination to keep up the pressure on the overheated sector.

• CapitaLand Fourth-Quarter Profit Drops 20% as Developer Sold Fewer Assets

  CapitaLand Ltd. (CAPL), Southeast Asia’s biggest developer, said fourth-quarter profit dropped 20 percent as gains from asset sales declined from a year earlier.

• China Starts System to Raise Data Accuracy, Statistics Head Says

  China will begin using a unified system this week to collect industrial, retail sales and investment data to help improve the accuracy of key economic indicators, the country’s top statistician said.

• More China Property Price Cuts Seen As Jan. Sales Drop

  With most of China’s big property developers announcing declines in sales in January, citing the government’s ongoing property curbs, market watchers are bracing themselves for another round of price cuts.Poly Real Estate Group Co. Ltd. (600048.SH), China’s second-largest developer by market value, recently slashed prices at a Shanghai-based project from 17,000 yuan per square meter at the end of 2011 to 15,500 yuan per square meter to boost sales according to the China Securities Journal.

• China Property Stocks Fall as Wuhu Halts Easing

  China’s property stocks fell as the eastern city of Wuhu suspended a decision to ease property curbs three days after its announcement, signaling that the central government won’t relax policies any time soon.

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.

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