Greenland Joins with Meli Hotels to Launch New Hotel Brand – and more of today’s China Real Estate Links | December 20, 2012

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

• Greenland Joins with Meli Hotels to Launch New Hotel Brand

  The Spanish hotel company Meli Hotels International and the Greenland Group, one of the largest real estate group in China, have reached a strategic agreement today to join forces to pursue their growth internationally, inside and outside China, respectively.

  For Greenland Group, an immediate impact of the agreement will be the launch of its urban hotel brand in Europe, through the adaptation and re-branding of a Meli operated hotel in the city of Frankfurt (Germany), which was chosen by the signers because of its dynamism in the business travel segment.

• Large cities see home prices rise in November

  Property prices continued to rise moderately in November in major cities, but a strong rebound is not likely next year given the rigorous real-estate policies.

  Of 70 major cities monitored, 18 saw property prices rise year-on-year, compared with 12 in October. But their average growth rate was capped at 4.7 percent, the National Bureau of Statistics said on Tuesday.

• China Facing Millionaire Drain Instead of Brain Drain

  Most countries worry about brain drain. China is worried about millionaire drain.

  A new report in China shows that 150,000 Chinese – most of them wealthy – emigrated to other countries in 2011. While that number may not seem high for a country of more than a billion people, the flight of China’s richest – and the offshoring of their fortunes – could cost the country jobs and economic growth, according to the study from the Center for China and Globalization and the Beijing Institute of Technology.

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