Here is a list of the day’s latest China real estate news collected from around the web:
REAL estate developers will launch 22 residential developments in Shanghai next month, a sharp drop from the 47 projects released so far this month, real estate website Soufun.com said yesterday.
Of the housing projects, which include apartments and villas, to be unveiled in December, 55 percent will be located beyond the city’s Outer Ring Road, down from 47 developments unveiled so far in November, according to a latest report by Soufun. Last December, 38 residential projects were launched.
China HGS Real Estate Inc. ( the “Company”) (NASDAQ:HGSH), a leading real estate developer for Tier 3 and Tier 4 cities and counties in China, today announced that the Company has received a letter dated November 20, 2012 from The NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that it has regained compliance with the minimum bid price of $1.00 per share requirement for continued listing set forth in NASDAQ Listing Rule 5450(a)(1), as its common stock has achieved a closing bid price of $1.00 or more for 14 consecutive business days from October 31, 2012 to November 19, 2012.
London will see an influx of Chinese retailers over the next few years, with as many as five looking for stores, including fashion retailers JNBY, Li-Ning and luxury menswear brand Eve Enterprise Group, research from international real estate agent Savills showed on Thursday.
According to Peter Thomas, director of central London retail at Savills, the potential for Chinese retail expansion in the UK came to the attention of London agents with the first entrant, Bosideng, in July 2011.
Thailand’s largest retail developer, Central Pattana (CPN) yesterday announced it would shift its investment focus from China to Asean, starting with a new joint venture to develop a shopping mall in Malaysia.
The company has delayed its expansion plan in China due to stalled negotiations with a local landlord and signs of an economic slowdown there. Financial institutions in China are quite strict about issuing loans to property developers.