Here is a list of the day’s latest China real estate news collected from around the web:
- Sales of New Homes Fall for Third Straight Quarter in China
BUYING of new apartments fell for the third straight quarter in Shanghai despite a gradual recovery in buying momentum over the past few weeks, according to latest market data. Between January 1 and Wednesday, a total of 1.18 million square meters of new apartments, excluding government-funded affordable units, were sold, down 11 percent from the previous three months, Century 21 China Real Estate said in a report released yesterday.
- Office demand shows Beijing stealing Tokyo’s cool – Asia Stocks to Watch
Booming demand for top office space has put Beijing on track to surpass Tokyo as the most expensive regional capital, with some analysts warning China’s administrative center could be headed for shortages as it carries on with its campaign to clamp down on overbuilding.