Here is a list of the day’s latest China real estate news collected from around the web:
- Vanke Admits Shoddy Quality in Shenzhen Apartments
Fittings in high-end apartments costing up to 4 million yuan (US$635,000) were made of “paper,” it has been claimed. Vanke Group, China’s biggest property developer, admitted during the weekend there were problems in its newly-sold houses in the southern city of Shenzhen and promised to fix them.
- Capitamall Xizhimen Wins “China’s Most Progressive Mall” Award
CapitaRetail China Trust Management Limited (CRCTML), the manager of CapitaRetail China Trust (CRCT), is pleased to announce that CapitaMall Xizhimen has won the “China’s Most Progressive Mall” award, conferred by the China Commercial Real Estate Association.