China House Prices Jump in December – and more of Today’s China Real Estate Links | January 8, 2013

Here is a list of the day’s latest China real estate news collected from around the web:

• China House Prices Jump in December Compared to 2011

  China’s home prices recorded their first year-on-year increase in nine months in December, a survey showed on Friday.
  Figures from the China Index Academy, a Beijing-based real estate research institute, reported that the average price of new homes in 100 monitored cities was 9,712 yuan ($1,558) per square meter during the month, up 0.03 percent from December 2011.
  Prices rose 0.23 percent from November, the seventh consecutive monthly rise, it said in a statement. An increase of 0.26 percent was recorded in November from October.

• Chinese Developers Rise on Better Sales Outlook

  Chinese property shares rose in Hong Kong trading after developers reported better December sales.
  A gauge tracking property shares on the Hang Seng Index (HSI) climbed 2 percent at the midday break, the most among five industry groups on the benchmark. Three of the 10 best performers on the MSCI China Index (MXCN) were Chinese developers. China Resources Land Ltd. (1109) rose 3.2 percent to HK$24.25, set for the highest since debut in 1996. China Overseas Land & Investment Ltd. (688) jumped 2.6 percent to a 10-year high.

• Property investors keen on U.S., Turkey; China stumbles: survey

  The United States dominates the list of places that global commercial real estate investors would prefer to put their money this year, while China has lost some luster and Turkey has added sparkle, according to a survey of international investors.

  For the first time since 2001, four of the top five cities that investors said they favor were in the United States, according to an annual survey that the Association of Foreign Investors in Real Estate (AFIRE) released Monday.

• Shopping mall catches fire in north-east China

  Fire broke out at a shopping mall on Monday morning in north-east China’s Harbin City, witnesses said.

  The fire was spotted around 10:20 a.m. at the Guorun Furnishing Mall on the Xuefu Road, said a witness. Casualty information is unknown yet.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.