Here is a list of the day’s latest China real estate news collected from around the web:
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China Property Stocks Face High Policy Risks: Credit Suisse
China’s stock market is the worst performer in Asia so far this year with the Shanghai Composite down about 4 percent, but one sector has been doing surprisingly well. Most Chinese property stocks listed in the mainland markets have climbed between 5 percent and 15 percent year to date. Those listed in Hong Kong have done even better, up between 20 percent and 70 percent. Analysts say this is partly due to loose monetary policy, which creates appetite for hard assets.
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China H2 trade outlook severe, inward investment slows
China’s trade outlook for 2012 is worsening, darkened especially by growing problems in Europe, the Commerce Ministry said on Thursday as it revealed the longest run of falling inward investment growth in the economy since the 2008-09 global crisis. The ministry singled out problems in the European Union – China’s biggest overseas market – as the core difficulty for exporters to overcome as it published data showing foreign direct investment (FDI) from the EU fell 2.7 percent year on year to $4.0 billion in the first seven months of 2012.
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E-House Q2 Loss Widens; Backs FY12 Revenue Outlook
E-House (China) Holdings Limited (EJ) reported that its second quarter net loss attributable to shareholders was $7.8 million, or $0.07 loss per ADS, compared to net loss of $6.7 million, or $0.08 loss per ADS, for the same quarter of 2011. Second quarter non-GAAP net income attributable to shareholders was $6.8 million, or $0.06 per ADS, up from $2.3 million, or $0.03 per ADS, for the same quarter of 2011.
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Hunan rooftop villas get thumbs up from local officials
“Four unfurnished villas that sit on top of a shopping mall in Zhuzhou, Hunan province, have led to questions about their safety, but city planners said on Wednesday the structures were built legally and with the required documentation. The buildings, which have electricity and water pipes already installed, will be offices for the shopping mall developer’s 160 real estate management employees, said Li Li from the Zhuzhou city planning bureau.
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China GDP per capita up 16.7% in 2011
China’s gross domestic product (GDP) per capita rose from $1,135 in 2002 to about $5,432 in 2011, with an average annual growth of 16.7 percent, according to the 10-year economic review report released by the National Bureau of Statistics (NBS) Wednesday. According to a previous report by the International Monetary Fund, the country’s GDP per capita reached $5,414 last year, ranking the 89th on the global list in terms of GDP per capita.
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Love Limbo in Shanghai as Singles Frozen From Home Market
Tank Zhao is being forced to ditch tradition by taking a bride before buying a home as Shanghai bans unmarried non-locals like him from purchasing property. The 28-year-old software engineer from Fujian province had been looking for an apartment ahead of plans to marry his girlfriend next year, in accordance with the Chinese proverb “Zhu Chao Yin Feng” — build a nest before attracting the phoenix. He’ll now have to secure the phoenix before the nest.
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