Property Drives Wealth of China’s Richest Women – and more of Today’s China Real Estate Links | May 23, 2013

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

• Property Drives Wealth of China’s Richest Women

  Real estate in China is the main source of wealth for China’s wealthiest women, a sign that the sector remains one with huge growth potential even as it contends with cooling measures, shows a survey by research firm Wealth-X released Wednesday.

  Total wealth attributed to real estate accounts for more than 60 percent of the combined net worth of the 15 wealthiest women in China, which is more than $30 billion, according to the Wealth-X rich list.

• Investors Target Logistics Property in China

  Industrial real estate is often seen as the least glamorous slice of the property sector, but investors are increasingly looking at China’s warehouses as a good place to park their money as their sexier cousins lose some of their allure.

  Property consultants and logistics property developers said there had been an upturn in investment interest in logistics and business parks in recent months as a way to tap into the growth of e-commerce and rising domestic consumption. Some investors are also sobering up to slimmer returns from the residential, office and shopping mall sectors, where prices are fast rising to unattractive levels.

  To be sure, most of the investment deals in recent months in China were still in the commercial and residential sectors. But concerns over a supply glut in the office and shopping mall sectors in some Chinese cities as well as policy volatility in the residential sector have compelled some investors to look for alternative real-estate investments.

• Burberry profit rises 14 percent on Asia retail growth

  British luxury group Burberry (BRBY.L) said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry branded stores.

  Burberry, known for its camel, red and black check-lined raincoats posted adjusted pretax profit of 428 million pounds ($651 million) in the year to March 31, above analyst expectations of 415 million.

  Revenue in Asia Pacific, its largest region with around 35 percent of sales, rose 13 percent, led by demand for its more expensive products in China and Hong Kong.

• DBS expects RMB REITS to swell in Singapore

  The biggest bank in Singapore expects yuan liquidity in the country to grow up to threefold from 100 billion yuan (HK$126 billion) in two to three years after the launch of clearing services for the currency there.

  Andrew Ng Wai-hung, the head of treasury and markets at DBS, expects the increased use of yuan in the country to encourage companies to issue yuan-denominated real estate investment trusts.

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