Here is a list of the day’s latest China real estate news collected from around the web:
- China Vanke 2011 Profit Rises 32% on Mass-Market Home Sales
China Vanke Co, the nation’s biggest developer by sales, said full-year profit rose 32 percent as it sold more small and medium-sized homes that are less affected by government curbs. Net income to Dec. 31 climbed to 9.62 billion yuan ($1.5 billion), or 0.88 yuan a share, from 7.3 billion yuan, or 0.66 yuan, in 2010.
- China shares end lower as property stocks hit by PBOC comment
China shares ended 0.2 percent lower on Monday, led by property developers, after the head of the Chinese central bank said that the government was not using bank reserve requirement ratio (RRR) cuts to help the stock market and the property sector.
- Beijing finished more govt-subsidized homes
A total of 239,000 square meters of government-subsidized housings was completed in Beijing in the first two months, according to a survey released Monday.
- Japan property tycoon Minoru Mori dies at age 77
Property tycoon Minoru Mori, who was one of Japan’s most influential developers and built China’s tallest building, has died. Company officials said Monday that Mori, chairman of Mori Building, died Thursday of heart failure. He was 77.
- Hong Kong Claims World’s Most Expensive Office Space
When it comes to sky-high rents, Hong Kong has long been a city of superlatives. Now the city can lay claim to another – home of the world’s most expensive office rents, says the latest industry report.
- Chinese property bonds: they’re back
During the second half of 2011, Chinese property developers were pariahs of global bond markets. As fears mounted about the prospect of a Chinese property crash, mainland developers discovered that they were no longer able to sell bonds to foreign investors.
- Golden Eagle 2011 Profit Rises 26% on Rising Incomes
Golden Eagle Retail Group Ltd. (3308), a department store operator based in eastern China’s Jiangsu province, said 2011 profit gained 26 percent as it benefited from shoppers’ rising incomes.