Here is a list of the day’s latest China real estate news collected from around the web:
- Shares In Fu Kwan’s Macrolink Real Estate Rise After Earnings Report
Macrolink Real Estate, a Chinese real estate developer controlled by Beijing-based businessman Fu Kwan, said on Saturday its net profit rose 18% last year to $96 million amid an increase in sales. Revenue at Macrolink, which develops property in Beijing and Anhui, climbed by 36% to $371 million. The company’s Shenzhen-traded shares closed up 2% today after the report was published.
- China Consumer Prices Rise Faster-Than-Estimated 3.6%
China’s inflation accelerated more than forecast in March on a pickup in food prices, signaling that policy makers may exercise caution in adding stimulus to boost growth. Consumer prices rose 3.6 percent from a year earlier, the National Bureau of Statistics said today. That was more than the median 3.4 percent estimate in a Bloomberg News survey of 33 economists. Food-related costs gained 7.5 percent.
- Investors Grow Confident of Soft Landing for China Property
Property prices in China have fallen for five consecutive months, but in a strange twist the stocks and bonds of Chinese property companies have been rallying this year, as investors grow more confident the sector will see a soft landing and avoid a major bankruptcy.
The Shanghai Composite’s property subindex has gained nearly 12 percent this year, outpacing the 5 percent gain in the broader index.
- Chinese still wary of homes market
The model of the Guo Zhai Hua Yuan development in Baoding city shows the sort of attractive features one would expect from a project named “dream home”. There are landscaped gardens, architectural flourishes from the Tang and Song dynasties and, true to form for modern China, some copying in the form of a community centre modelled on one of the 2010 Shanghai Expo buildings.
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