Today’s China Real Estate Links | February 27, 2012

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

• China may cut interest rate before July

  China’s central bank may cut the interest rate in the second and third quarters this year, as the economies in the EU and US slow down further while domestic inflation pressure gradually eases, economists said on Saturday.

• Developers pay asking price for Shanghai land plot

  TWO Chinese developers yesterday paid the asking price of 1.7 billion yuan (US$270 million) for a land parcel in Shanghai’s Putuo District amid a lackluster market sentiment while the local land authority’s high criteria may have deterred other firms from bidding.

• China’s Stocks Rise, Capping Sixth Week of Gains, as Property Shares Surge

  China’s stocks rose, capping a sixth week of gains for the benchmark index, on speculation local governments are relaxing restrictions on the property market and an improving global economy will spur Chinese exports.

• China Developers Face Bleak Times

  More than 80 percent of the listed Chinese  property developers posted year-on-year declines in transaction area in January, and an increasing number are beginning to offer discounts amid a sluggish market and continued real estate curbs, reports Xinhua News Agency, citing E-house China R&D Institute.

• Wen Seen Paring China’s 8% Growth Target on Rise in Inequality

  China’s Premier Wen Jiabao is seen signaling next month that curbing pollution, inequality and the risk of financial instability eclipse the benefits of faster economic growth, a survey of analysts indicated.

• Xinyuan Real Estate Co., Ltd. Announces Fourth Quarter and Full Year 2011 Financial Results

  Xinyuan Real Estate , a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced its unaudited financial results for the fourth quarter and full year 2011.

• Singapore’s Foreigner Housing Purchase Demand Beat Local in 2011, DTZ Says

  Singapore’s private home purchases by foreigners rose 20 percent in 2011 even as demand from Singapore citizens and residents fell, DTZ Holdings Plc. Foreigners bought a record 5,246 housing units last year, surpassing the earlier record of 4,982 units in 2007, the property brokerage said in a report.

  
  

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