Here is a list of the day’s latest China real estate news collected from around the web:
SM Investments Corporation (SMIC) is currently in talks for the acquisition of a number of properties in China, a company official said Monday.“SM Prime Holdings is doing the negotiations,” said SMIC executive vice president and chief financial officer Jose Sio, at the sidelines of a listing event Monday. Sio added that the properties currently under negotiation are “big enough,” but declined to mention their exact locations.
Business districts in Beijing and Guangzhou had the biggest increases in office occupancy costs globally in the first quarter, according to a report by CBRE Group Inc. (CBG), the world’s largest commercial realtor.
Four other locations in the Asia-Pacific region — Shanghai’s Pudong district, Jakarta, Sydney and Bangalore — along with two areas in San Francisco, and Moscow, made up the other top 10 spots, the Los Angeles-based company said.
Within hours, Zhuhai backed off its attempt to loosen curbs on the real estate industry, reaffirming its restrictions on house buying and pricing. He Ningka, the mayor of Zhuhai, Guangdong Province, told local media Saturday the city has not canceled tightening measures on the property industry.However, the Southern Metropolis Daily reported Saturday that an official at the Zhuhai Housing, Urban-Rural Planning and Development Bureau had said the city would cancel its price ceiling for residential property, and would narrow home buying restrictions.