Here is a list of the day’s latest China real estate news collected from around the web:
Chinese Private Equity Firms Make Major Investments in US
The reviving housing market in the United States has aroused the interest of Chinese investors, including individuals and real estate private equity firms.
The Grand China Fund, collaborating with a US firm, recently bought nine housing projects containing nearly 2,600 apartment units. The deal was finalized on Dec. 10. The investment was not the first the Grand China Fund has made….
Land market prices bounce back in China’s first-tier cities
China’s land market has made a comeback after hitting lows last year, with the land transaction value in the nation’s 40 major cities topping 1.4 trillion yuan (US$230.7 billion) in the first 11 months this year, up 68% year-on-year and higher than the 1.1 trillion yuan recorded in 2012, according to Centaline Group, a realty market research body.
The market is especially thriving in first-tier cities, such as Beijing and Shanghai. According to China Real Estate Information Corp (CRIC), proceeds from land sales in the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen totaled 472 billion yuan (US$77.8 billion) in…
New China property taxes to cool overheated housing market
China will fast track legislation of real estate taxes on a nationwide basis to control rising house prices, consistent with policy goals set in the Communist party’s newly approved 60-point long-term reform plan.
Housing demand brought about by rapid urbanization along with speculation has been driving prices up for both new and existing city homes despite sustained efforts by authorities at cooling down the overheating market. In October, China’s National Bureau of Statistics said property prices in 69 of 70 major cities rose, with those in Beijing, Shanghai, Guangzhou and Shenzhen posting record…
Merrill Lynch raises China GDP growth forecast
Based on China’s macroeconomic data for November, Bank of America (BOA) Merrill Lynch has raised its forecast for China’s GDP growth in the fourth quarter of 2013 to 7.8 percent from its previous 7.7 percent.
China’s November activity data came in with faster retail sales growth, slower fixed asset investment growth and softer industrial production growth….
Red Hot Chinese Real Estate Pumps Up SouFun Share Price
Looking for a way to play the growth of the Chinese middle class? Look no further than the core aspiration and spending driver of consumers everywhere: the home.
SouFun Holdings Limited SFUN +2.03% (SFUN) is the leading real estate Internet portal in China. It also operates home furnishing and improvement websites for Chinese consumers and generates advertising revenue primarily from online real estate companies. The company maintains about 100 offices to focus on local market needs and its database contains …
Savills UK Lands Deal with Chinese Developer
The wooing by Savills of Xu Weiping is complete. Yesterday the Chinese developer and Savills chief executive Jeremy Helsby toasted a “global relationship deal” that will see the property agent acting worldwide for the man whose first promise is to bring hundreds of Chinese firms into a 35-acre business park in the Royal Docks.
The signing took place at Savills’ new headquarters near Oxford Street.
China Merchants Property Plans Land Bank Expansion in 2014
China Merchants Property Development Ltd. (000024), the country’s third-biggest developer by market value, plans to buy more land next year because of the “positive” outlook for the property market.
The developer, on track to meet its 40 billion yuan ($6.6 billion) sales target this year, will be “more active” in buying land in 2014, said Liu Ning, the company’s board secretary, without elaborating. Home prices in major cities will rise further….
Newly built property prices rise in China, sparks more concerns
In October, 65 out of China’s 70 major cities saw their newly built property prices rise from the previous month, once again triggering property bubble concerns although the average month-on-month rise was only slight, the Beijing-based China Economic Weekly reports, citing figures from the country’s National Bureau of Statistics (NBS).
The October figures relate to the slowing growth in the property prices of most third- and fourth-tier cities…
This list is updated daily, so tune in again tomorrow for more up to date information.
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