China Builder Said to Seek Loan for Possible US Contract – and more of Today’s China Real Estate Links | November 5, 2012

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

• China Builder Said to Seek Loan for Possible US Contract

  China Railway Construction Corp. (1186) is seeking a $100 million to $200 million loan from Chinese banks for a property development in Nevada, a precondition for it to win a contract to build part of the project, said three people with direct knowledge of the matter. The funding is being sought for the $1.6 billion Union Village project in Henderson City, said the people, who asked not to be identified because the discussions are private.

• Sales growth at China’s chain stores slows

  The economic slowdown both home and abroad impacted Chinese chain stores with slower sales growth in the first three quarters of the year.

  During the first nine months, the average sales growth rate for China’s top 100 chain stores was lower than 10 percent, compared to 11.6-percent growth for retail sales in the same period, according to the China Chain Store and Franchise Association (CSFA).

• House prices rise for fifth consecutive month

  House prices in China’s 100 major cities rose further in October, marking the fifth consecutive monthly increase this year, but did so at a very low growth rate, statistics from China Index Academy showed on Thursday.

  The average price of new homes in the 100 cities increased 0.17 percent month-on-month to 8,768 yuan ($1,390) per square meter last month, at the same growth rate as in September.

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.