China home price declines slow, Beijing to keep curbs – and more of Today’s China Real Estate Links | June 19, 2012

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

• China home price declines slow, Beijing to keep curbs

  China’s home prices dipped for the eighth straight month in May but the pace of decline eased, fanning talk that the market may be bottoming out and the recent monetary stimulus could set the stage for a rebound. Home prices in the world’s second-largest economy have fallen month-on-month since October, after China tightened policy more than two years ago to take the steam out of sizzling home prices.

• China Home Prices Fall in More Than Half Cities Tracked

  China’s home values fell in a record 54 of 70 cities tracked by the government in May as developers cut prices to boost sales amid housing curbs. The eastern city of Wenzhou led declines with a 14 percent slump in values from a year earlier, while Beijing and Shanghai recorded losses of as much as 1.6 percent, according to data released by the statistics bureau today.

• Guangdong property market rebounds

  The real estate market in South China’s booming Guangdong province has seen a rebound this year as more people have rushed to snap up discounted property following a correction last year, new statistics have indicated. Property developers in the region sold 22.5 million square meters of commercial buildings in the first five months, down 12.4 percent year-on-year.

• Making It Big: Japanese Chain Stores Spread In China

  As the Japanese manufacturing industry undergoes a general malaise at home, Japan’s retail sector is gaining momentum overseas, particularly in the Chinese market. At the Beijing Trade Fair held last week, the chief executives of several Japanese service industry giants all talked about their expansion plans in China. From Uniqlo, the clothing retailing chain to MUJI, the household goods and clothing chain, to Lawson and 7-Eleven (7-11 in China) — two U.S.-born convenience store giants now under Japanese ownership — this year China will see the opening of over 50,000 stores owned by Japanese corporations.

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.