Vanke to Invest US$109 Mil in Keppel Singapore Project – and more of Today’s China Real Estate Links | April 18, 2013

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

• Vanke to Invest US$109 Mil in Singapore Project with Keppel

  China’s largest residential developer China Vanke will spend 135.5 million Singapore dollars ( 109.3 million U.S. dollars) to acquire a 30 percent stake in a residential development project in Singapore, its strategic partner Keppel Land Limited said on Tuesday.

  Vanke said it is the company’s first investment in Singapore.

  Keppel Land and Vanke have entered into a strategic partnership that will see both companies jointly develop properties in Singapore and China, Keppel Land said.

• Blackstone Aims for Biggest Ever Asia Real Estate Fund

  Blackstone Group LP is upping the ante in Asia, looking to raise the largest real-estate fund ever devoted to the region at a time when economic growth there shows signs of slowing.

  The private-equity giant, which has become one of the world’s biggest real-estate investors, plans to raise up to a $4 billion real-estate fund exclusively focused on China and other Asian markets, according to people with knowledge of the matter.

• Property curbs raise concern over growth

  China’s real estate investment growth slowed in the first quarter of 2013, and some analysts expressed concern that rigorous property curbs may drag down economic growth.

  Despite a year-on-year increase of 20.2 percent in real estate investment in the first quarter of 2013, the growth rate was down 3.3 percentage points compared with the same period last year and 2.6 percentage points lower than the first two months this year, the National Bureau of Statistics said on Monday.

• Fixed-asset investment up 20.9%

  China’s urban fixed-asset investment fell in March but growth from the private sector was robust, indicating policies on boosting private investment have taken effect.

  Overall fixed-asset investment, excluding rural, rose 20.9 percent year-on-year to 5.8 trillion yuan ($937 billion) in the first quarter, from 21.2 percent in the previous two months, the National Bureau of Statistics said on Monday.

This list is updated daily, so tune in again tomorrow for more up to date information.