China’s largest developer targets US market – and more of Today’s China Real Estate Links | August 10, 2012

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

• China’s largest developer targets US market

  China Vanke, the country’s largest home builder by sales, said it plans to develop its first overseas property as more Chinese buyers look abroad for investment opportunities, and that its first target would be the United States. The move would make it the first top-tier Chinese home builder to expand outside China’s borders, much as Japan’s largest property companies ventured overseas in the 1980s boom.

• China’s Vantone Said to Discuss San Francisco Development

  China’s Vantone Holdings Co. is in talks to transform a pier in San Francisco’s tourist district into space for Chinese companies seeking to do business in the U.S., said four people with direct knowledge of the matter. Talks between Vantone and San Francisco to develop Pier 19 are preliminary, said the people, who asked not to be identified as the talks are private.

• China Vanke Sees More Weakness in Real Estate Market

  China Vanke Co., China’s largest property developer by sales, said a decline in new housing construction may continue in the second half of the year as a dip in sales and weaker access to credit curb appetite for expansion. Investors are closely watching China’s property market for signs of improvement as authorities seek to reverse a slowdown in the broader economy. Investment in property development accounts for more than 10% of GDP and has an impact on other sectors as well.

• Office Space Prices in Guangzhou At All Time High

  The average price of an office space in the prime areas of Guangzhou–a southern region of China about two hours drive from Hong Kong–has rose to an all time high of $32,000 yuan, or roughly about $5,200 USD, per square meter this year (one square metere is roughly 10 square foot). This growth comes amid concerns among investors about the outlook of the property market in Guangzhou, which is not exactly a booming metropolis like Shanghai or Beijing.

• Developers in China eye tourism real estate projects

  About one-third of China’s top 100 real estate developers have stepped into the tourism real estate sector, amid the government’s stringent curbs on property investment and funding difficulties for small developers. The first quarter of the year saw about 70 projects with investments above 100 million yuan in tourism real estate projects, with a total investment of 260 billion yuan ($40.83 billion). And the investments are expected to surpass 1 trillion yuan this year, according to 5u588.com, a domestic tourism website.

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.