Here is a list of the day’s latest China real estate news collected from around the web:
- Land Transactions In Major Cities Down 24%
” Land transactions in 13 major cities, including Shanghai, Beijing, Guangzhou, Shenzhen and Tianjin, fell 24 percent year-on-year during the first two months of 2012 and stayed at five-year lows, reports Shanghai Securities News, citing a company filing.”
- Henderson Land Falls After Missing Estimates
“Henderson Land Development Co. (12), controlled by billionaire Lee Shau-kee, fell to the lowest in more than a month in Hong Kong trading after 2011 underlying profit missed analysts’ estimates as the property market cooled. ”
- CBRE to buy Hang Fung Real Estate
“CB Richard Ellis Ltd (CBRE) Taiwan, the local unit of a US real-estate services provider, said yesterday it struck an agreement to acquire Taiwanese peer Hang Fung Real Estate Co (恆豐置業) to strengthen its local services.”
- Hong Kong, Singapore Office Rents to Drop at Least 15%, JLL Says
“Hong Kong and Singapore commercial property rents and prices will drop by more than 15 percent in 2012 as financial services companies keep a lid on growth or shrink, according to Jones Lang LaSalle Inc. (JLL)”
- Home Rentals Spike In Major Chinese Cities
“Home rentals in major Chinese cities in February spiked compared with the same period last year, with rentals in Beijing, Shanghai, Guangzhou, and Shenzhen rising 18.9 percent, 18.7 percent, 17.9 percent, and 16.6 percent, respectively, reports China Securities Journal, citing Century 21.”
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