Today’s China Real Estate Links | February 29, 2012

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

• China Developers To Offer Deeper Price Cuts

  Market insiders are expecting another wave of huge discounts by property developers in March after the first round last October, as an increasing number of developers are following the lead taken by Poly Real Estate Group (600048) after poor sales in January, reports xinhuanet.com.

• China local governments may dodge debt deadlines

  Default fears have driven central and local government officials into critical negotiations with banks over proposed payback adjustments for trillions of yuan in outstanding debt.

• Some buyers jump in for fear of missing bottom

  In Beijing, 2,186 new and second-hand apartments were sold last week, up 30.2 percent week-on-week, according to the municipal government. Compared with the same period last year, however, sales were still down 62 percent.

• Poly Real Estate to increase land bank

  Poly (Beijing) Real Estate Development Co Ltd will increase its land bank and strengthen its investment in commercial properties, the company’s general manager Liu Xiang said.

• China’s massive property supply threatens market

  A virtual shutdown of China’s new home sales during the Lunar New Year holiday week could signal a major crack in buyer confidence, with some analysts seeing prices heading lower as cash-strapped real-estate developers become more aggressive in their selling.

• Wang Shu of China wins Pritzker Architecture Prize

  Chinese architect Wang Shu, whose buildings have been praised for their commanding presence and careful attention to the environment, has won the 2012 Pritzker Architecture Prize, the prize’s jury announced Monday.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest on the subscription form in the right-hand column.