Property developers boost land purchases in China – and more of Today’s China Real Estate Links | September 13, 2012

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

• Property developers boost land purchases in China

  China’s major property developers are accelerating purchases of land parcels due to the recovery in the real estate market, at a time when local governments are eager to boost revenues. Seven major real estate developers bought land parcels worth 8.87 billion yuan ($1.34 billion) in first- and second-tier cities from Sept 5 to 7, industry data showed. China Vanke Co Ltd, the country’s biggest property developer in terms of market value, paid 4.67 billion yuan for two land parcels in Guangzhou and Hefei on Sept 5 and 6, which was 1 billion yuan more than the company spent in August.

• China slowdown hits Burberry shares

  Burberry lost £1 billion of its market value on fears that China’s appetite for the company’s luxury bags and coats may be on the wane. Driven by its popularity in some of the world’s top shopping cities and soaring demand from emerging markets, Burberry has previously shrugged off the economic downturn with stellar sales. But its most recent trading update suggested that rampant growth has come off the boil as sales growth ground to a halt in the 10 weeks to September 8, prompting the fashion house to warn its profits will be at the bottom end of City expectations.

• Real estate entrepreneurs top Chinese richest women’s list

  Former journalist and co-founder of one of China’s biggest real estate companies Wu Yajun is now China’s richest business woman, Wealth-X said last week. The global intelligence and wealth due diligence firm reported that Wu has a net worth of US$3.6 billion (S$ 4.4 billion), much of which was earned through her Hong Kong-listed firm Longfor Properties.

• Jones Lang LaSalle Sees Annual Retail REI Volumes Hitting $180 Bln By 2020

  Jones Lang LaSalle said Tuesday in its new report that annual investment volumes in retail real estate could hit $180 billion globally by 2020 and that retail’s overall contribution to real estate investment or REI is expected to be close to 30 percent over the remainder of this decade. The report, Redefining Retail Investment, was launched to coincide with the International Council of Shopping Centers, or ICSC, 2012 Retail Real Estate World Summit, taking place in Shanghai this week.

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