Here is a list of the day’s latest China real estate news collected from around the web:
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China’s 50 Riskiest Places For Real Estate Development: CRIC
China’s second- and third-tier cities are often cited as engines for growth in retail spending. Yet a research report unveiled earlier this month by the China Real Estate Information Corp., or CRIC, suggests many can be risky when it comes to real estate development. CRIC, a research arm of U.S.-listed, Shanghai-based real estate brokerage E-House, included measures of supply, demand, purchasing power and infrastructure conditions in compiling the list. A high score implies greater risk.
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Asian warehouse space attracts international fund interest
Warehouse space in China and Japan continues to appeal to institutional investors despite concerns over the impact of China’s slowing economic growth.
Leading the investment charge in the sector are such powerful institutions as the Canadian Pension Plan Investment Board (CPPIB), Dutch pension fund Stichting Pensioenfunds APG, and Global Logistics Properties, the Singapore-based warehouse operator backed by Singapore sovereign wealth fund GIC Private.”
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China will ensure property sector stays robust: Deloitte
The Chinese government will ensure that any measures it takes in its efforts to control housing prices will not hurt the property market as an economic growth engine, Deloitte has predicted in its latest China Real Estate Investment Handbook.
This is more so because the country’s economy is still on its way to recovery, the professional services firm added.
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Taiwan real estate transactions boom in second quarter
Both real estate prices and transaction volumes grew compared to the first quarter, according to a report released by Cathay Real Estate Development Co. yesterday.
Cathay Real Estate Development Co. collaborated with the Taiwan Real Estate Research Center at National Chengchi University to release the second-quarter housing price index.
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Guangdong heads for highest level of bond issues
Bond issues by Guangdong province are expected to set a record this year, even as the central government launches a national audit of local government liabilities to address concerns about rising debt from overly ambitious development projects.
Guangdong (excluding the Shenzhen special economic zone) plans to issue 12.1 billion yuan ($1.95 billion) in bonds this year, which would be a year-on-year jump of 40 percent, said Zeng Zhiquan, director-general of the Guangdong Provincial Department of Finance.
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China’s Provinces Trail Growth Targets in Slowdown Signal
Most Chinese provinces reported first-half growth below annual targets that in some instances were already lower than last year’s goals, underscoring the breadth of the nation’s slowdown.
Seventeen of 30 provinces and provincial-level cities said January-to-June expansion trailed 2013 targets, compared with 14 of 31 in last year’s first half, according to data compiled by Bloomberg News. Inner Mongolia, Jilin and Ningxia had the widest gaps, each at 3 percentage points below a 12 percent target. One province, Qinghai, has yet to release its latest figures.
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