China shares jump 2.7pc on financials, property – and more of Today’s China Real Estate Links | March 22, 2013

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

• China shares jump 2.7pc on financials, property

  China shares jumped on their best day in more than two months on Wednesday, led by gains for the financial and real estate sectors as more clarity about fresh property curbs eased investor uncertainty and helped buoy the Hong Kong market.

  The CSI300 of the leading Shanghai and Shenzhen A-share listings spiked 3.4 per cent, while the Shanghai Composite Index rose 2.7 per cent. It was their best day since Jan. 14.

• Uncertainty over Policy Spurs Homebuyers to Rush Purchases

  Homebuyers worried about rising prices are hurrying to close deals before local governments announce their versions of the latest curbs on the property market.

  The State Council rolled out updated property curbs on March 1. The one that caught the most attention was a 20 percent tax on profits to be paid by those selling homes.

  If the intention of the latest curbs was to suppress prices, it would not work, said Meng Xiaosu, former president of China National Real Estate Development Group Corp.

• Chinese investors eye bankrupt house market in Detroit

  Two days after a Chinese real estate agency, whose location was not disclosed, advertised an investors’ tour in Detroit, thousands of people have expressed interest, according to a report in the People’s Daily.

  The same agency is advertising a tour to the US east coast in April, which costs 25,000 yuan and will take investors to Washington DC, Boston and New York City.

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.