Here is a list of the day’s latest China real estate news collected from around the web:
- Marriott to Double Number of Hotels in China as Tourism Grows
Marriott International Inc. (MAR), the largest publicly traded U.S. hotel chain, plans to double the number of hotels in China by 2014 to meet growing demand in the world’s third-largest tourism destination. Marriott, whose brands include Ritz-Carlton and Courtyard, will open about 50 hotels in China, where it currently has 58 in its biggest market after the U.S.
- Perry Ellis Inks JV to Enter China Retail Market
Perry Ellis International, Inc. today announced that it has entered into a joint venture agreement with China Outfitters Holdings Limitedto develop the Manhattan(R) brand in the People’s Republic of China, Hong Kong and Macau.
- China Seeks Boost From Low-Income Housing as Real Estate Slows
As growth slows and real estate values slump, Chinese officials are counting on cheap housing to help prop up the economy. Five million affordable apartments are to be built this year, with a goal of reaching 36 million units by the end of 2015.
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