IMF says China’s economy reached ‘soft landing’ – and more of Today’s China Real Estate Links | July 27, 2012

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

• IMF says China’s economy reached ‘soft landing’

  China has achieved a “soft landing” in its economic slowdown, the IMF says while cautioning that more sweeping reforms are needed to ensure healthy growth in the longer term. In a report Wednesday on its website, the IMF praised China’s leaders for adjusting policies to help counter the malaise plaguing the global economy that has also slowed robust growth in China and other emerging nations.

• China’s Stocks Decline to Lowest Level Since March 2009

  China’s stocks fell to the lowest level since March 2009 as speculation the government will maintain real-estate curbs overshadowed a State Council plan to develop the nation’s central provinces.
  China Vanke Co. (000002) and Poly Real Estate Group Co. paced declines among developers after the official Xinhua News Agency said China must prevent local governments from weakening real- estate controls.

• Beijing battling local governments over real estate in China

  China’s real estate market is picking up again. But how much, you might ask.The number of cities where housing prices have declined fell by half from May to June, data recently released by the National Bureau of Statistics show.

• Greentown unit buys Pudong plot

  Shanghai Lüshun Real Estate Co, a subsidiary of Hangzhou-based property developer Greentown China Holdings, paid 1.64 billion yuan ($25.58 million) at auction Wednesday for a plot of land in Shanghai.The company plans to use the plot, which is located in Pudong district, to build 7-10-story residential properties, which are expected to go up for sale by the end this year, according to  Xia Songhua, the general manager of Greentown China’s Lüyu Property Development Co.

• Asia’s Premier Retail Real Estate Leaders Commit as Speakers for 2012 ICSC Retail Real Estate World Summit in Shanghai

  The International Council of Shopping Centers (ICSC) today reported that several of the most noted, prominent and respected, business executives from across Asia have accepted invitations to present at the upcoming ICSC 2012 Retail Real Estate World Summit in Shanghai, September 11-14, 2012. Included in this distinguished group are: Michael Riady, CEO of the Lippo Group; Scott Price, CEO of Walmart Asia ….

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