Surge Seen in Supply of New Shanghai Homes at Weekend – and more of Today’s China Real Estate Links | May 21, 2012

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

• Surge seen in supply of new homes at weekend

  THE supply of new homes in Shanghai was expected to surge at the weekend after home sales rose recently and helped boost confidence among real estate developers. Nearly 800 units at six apartment projects, half of them located beyond the city’s Outer Ring Road, will be released across the city at the weekend, up from 450 units launched at the previous weekend, according to research released yesterday by Soufun.com. The new units will be sold at an average 26,000 yuan (US$4,114) per square meter, a weekly jump of 70 percent, the data showed.

• China’s luxury shoppers turn to outlet centres for bargains

  With China remaining firmly on track to become the world’s largest market for luxury goods, high-end brands are increasingly looking for ways and means to reach this massive, label-hungry consumer base. And the latest trend to hit the country is the outlet centre, a concept that has its origins in the United States over a century ago and was first seen as a way to fill up empty space and to move leftover stock.

• Far East buyers beware in London property rush

  When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train. The 350,000 pound home was in Lincolnshire, eastern England. He sued the developer for misrepresentation last year, getting his money back before the case got to court

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.