Wealthy Chinese to Invest RMB 1.1 Tril in Global Real Estate – and more of Today’s China Real Estate Links | July 12, 2013

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

• Wealthy Chinese to Invest RMB 1.1 Tril in Global Real Estate

  Limited investment options and abundant liquidity are prompting Chinese investors to look abroad for alternative opportunities, and a real estate consultancy is forecasting that mainland individuals will put up to 1.1 trillion yuan ($179 billion) into global real estate markets.

  Chinese individuals, property developers and institutions have increased their holdings of overseas real estate in recent years.

• China Land Deals Grow 60 Percent in 2013

  A total of 306 cities in China comple­ted a total of 15,493 land transaction deals in the first six months of 2013, with the deals worth 1.13 trillion yuan ($184 billion), a 60 percent year-on-year increase, the Shanghai-based National Business Daily (NBD) reported Wednesday, citing data from property agency 5i5j.com.

  Transactions for commercial land in Beijing, Shanghai and Guangzhou reached 173.9 billion yuan in the first half of this year, close to the total for last year of 193.492 billion yuan, according to 5i5j.com.

• GLP to Develop 75k Sqm Shanghai Logistics Park for BMW

  Just two days after unveiling plans for a $199 million development in Japan, logistics facilities provider Global Logistic Properties (GLP) yesterday announced an agreement to develop BMW’s largest distribution centre in China. Construction starts this year.

  The agreement, signed with BMW’s joint venture with Brilliance Auto, will see a 75,000 square metre built-to-suit facility developed at GLP’s Lingang logistics park in Shanghai.

• China Posts Surprise Drop in Exports

  China Premier Li Keqiang repeated his commitment to steer clear of stimulus for the world’s second-largest economy, even as contracting exports added to fears of a slowdown.

  China’s export sector shrank 3.1% in June compared with a year earlier, down from 1% year-on-year growth in May and the first contraction in a non-holiday month since the height of the financial crisis in November 2009. Imports fell 0.7% year-on-year, pointing to weak demand at home as well as abroad.

• Vanke Shares Jump 6.42 Percent After Premier’s Economic Talk

  Chinese shares surged more than 2 percent on Wednesday after Premier Li Keqiang said the country’s macroeconomic policies should ensure economic growth at a reasonable range.

  The benchmark Shanghai Composite Index jumped 2.17 percent, or 42.67 points, to end at 2,008.13. The Shenzhen Component Index soared 3.3 percent, or 250.78 points, to 7,851.25.

• Burberry Sales Rise as Focus Shifts to China

  British luxury clothing and handbag maker Burberry said on Wednesday that sales rose in its first quarter, boosted by strong growth in the Asia Pacific region and in the Americas.

  It also reported keen demand for its spring/summer fashion collection, and said it was targeting particularly shoppers in high-growth markets such as China.

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