China Vanke to Expand in Hong Kong Tapping Mainland Buyers – and more of Today’s China Real Estate Links | August 9, 2013

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

• China Vanke to Expand in Hong Kong Tapping Mainland Buyers

  China Vanke Co. (000002), the biggest developer by market value traded on the nation’s exchanges, plans to expand in Hong Kong’s property market as the city’s home prices more than doubled.
  Vanke will also target foreign markets where Chinese buyers are active, including San Francisco, New York, Boston and Singapore, president Yu Liang told reporters in Hong Kong today. Of all the target cities, the developer prefers Hong Kong and expects to increase investment there, Yu said.

• Japanese Developer Plans 142k Sqm Mall in Shanghai’s Pudong District

  Mitsui Fudosan Co. plans to open its first overseas LaLaport shopping mall in Shanghai in 2017, the major real estate developer has announced.

  The company operates LaLaport malls in eight locations in Japan.

  The new facility will be built in the Pudong district of Shanghai. Construction is scheduled to start in December 2014. The mall, tentatively called LaLaport Shanghai Jinqiao, will have seven stories above ground and two below. It will have 142,000 square meters of floor space and about 200 stores, including a supermarket, restaurants and an amusement area.

• China Developers’ Plans Raise Hopes for Policy Shift

  Two small Chinese property developers said Wednesday they hope to raise a combined 3.3 billion yuan ($539 million) through bond and stock sales, boosting hopes that regulators will open the taps to fresh capital for cash-squeezed real-estate firms.

  Regulators have been limiting fundraising by Chinese property developers since 2010, when authorities stopped approving applications for initial public stock offerings and refinancing moves as part of a government effort to cool property speculation and prevent housing prices from rising too quickly.

• Shenyang expected to see retail space expand by 50% by 2014

  It takes more than nerve to invest in a shopping mall in Shanghai, at several billion yuan a throw. It also takes more than money.

  Too many have opened in the past few years, and most of them give shoppers a case of dj vu, with similar floor plans, fashion and food.

  But there’s still no shortage of property developers ready to jump on the mall bandwagon, each believing that they have something dazzling or unusual enough to lure increasingly picky shoppers.

This list is updated daily, so tune in again tomorrow for more up to date information.