Starbucks sales in China surge thanks to 500 new stores – and more of Today’s China Real Estate Links | July 29, 2013

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

• Starbucks sales in China surge thanks to 500 new stores

  Starbucks is selling a lot more coffee in China. According to its latest quarterly report, Starbucks saw a 30% year-over-year jump in revenues from its Asia-Pacific region, lifted by outstanding sales in China.

  “The very strong sales volumes prove that the coffee concept can succeed in traditional tea-drinking countries,” said R J Hottovy, director of consumer equity research at Morningstar, Inc. “It’s resonating very well with [inland] cities.”

• China land prices return to record path despite cooling measures

  Land prices on the mainland may continue to set new highs despite government cooling measures, property analysts said after Beijing sold a luxury residential site for a record price this week.

  “In large, first-tier cities, the property market is improving,” Bocom International property analyst Alfred Lau said. “Capital is flowing into these cities again, where prices are now close to international levels. For example, the price of the site sold in Beijing a few days ago was as expensive as the ones in Hong Kong.”

• Regulator to Open Fundraising Spigot for Developers, Experts Say

  “The country’s real estate market has been buzzing with the possibility the securities regulator will loosen restrictions on property developers’ fundraising.
  The cause for the chatter was speculation an industry leader was mulling acquiring a Shanghai-listed competitor.
  Shanghai Jinfeng Investment Co. Ltd., a real estate developer and service provider, announced on July 2 that it would suspend trading of its stock due to a “major event” over which the company had asked for the opinion of China Securities Regulatory Commission (CSRC).”

• China FDI to Maintain Growth in H2, Official Says

  Foreign direct investment in China is likely to maintain its momentum in the second half while the whole year will see overall FDI inflow basically match that of last year, a commerce official said on Thursday.
  “I believe that FDI in the second half of the year will continue to maintain growth as we are taking measures to improve the investment environment and boost industries, in line with the country’s economic restructuring process, which will strengthen the confidence of global investors,” said Cao Hongying, deputy director-general of the Foreign Investment Administration at the Ministry of Commerce.

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