GLP Bets Big on Warehouses in China – and more of Today’s China Real Estate Links | August 3, 2012

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

• A Big Bet on Warehouses in China

  With demand from Chinese consumers ballooning for clothes, appliances, furniture and thousands of other items, Jeffrey Schwartz is making big bets on the warehouses needed to store and distribute all those goods. Mr. Schwartz’s Global Logistic Properties owns 156 million square feet of warehouses in Asia, with half its properties in the Shanghai area, which has one of the world’s busiest ports. With tenants like United Parcel Service Inc., Nike Inc. and Amazon.com Inc., the company started construction on 18 million square feet of new space last year and another 20 million square feet in 2012.

• China Developers Fall on Property Curb Concern

  China’s property stocks fell, with the gauge tracking developers on the Shanghai Composite Index declining the most in more than 1 ½ years on renewed concern the government will issue more curbs to cool the real estate market.The property measure dropped 4.9 percent at the close in Shanghai, the most since January 2011 and the biggest loss among the five industry groups on the benchmark index.

• China International Capital Corp warns Beijing on housing bubble

  One of China’s leading investment banks has warned Beijing that it must not relax its grip on the real estate sector.China International Capital Corp — once headed by Winston Wen, son of the Chinese premier — says in a report that the burgeoning housing bubble is the country’s biggest macroeconomic risk.Its chief economist, Peng Wensheng, says the government has successfully tamed the inflation tiger and that the biggest threat now to the Chinese economy is the asset bubble.

• BestLinkage Sells Shanghai Business Park to SunDart

  Sundart International Holdings Limited (“Sundart” or the “Company, together with its subsidiaries, the “Group”; SEHK: 2288) has entered into a joint-venture to take a controlling stake in a high-potential business site located in Shanghai, China. Bestlinkage Business Park Shanghai is a 52,304 square meter site consisting of five high-quality buildings conveniently located near the Shanghai Pudong International Airport. The site also offers future tenants preferential tax and subsidy policies due to its location in the Nanhui Industrial Zone of Shanghai.

• Big Chinese Developers Buying More Land

  China Vanke, the nation’s largest property developer, has won a series of land bids since the start of July, reinforcing signs that well-funded developers are trying to catch the bottom of the property market.
  Vanke has paid over 6 billion yuan ($952.38 million) for land plots in cities including Hangzhou, Chongqing, Ningbo, Chengdu and Shanghai since last month. On Wednesday, the developer bought a tract of land with a total area of 110,000 square meters in Shanghai for 2.03 billion yuan.

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.