China Vanke’s June property sales flat – and more of Today’s China Real Estate Links | July 6, 2012

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

• China Vanke’s June property sales flat

  China Vanke, the country’s largest real estate developer by sales, said on Wednesday its June sales were flat, after rising 19 percent in May. Many people in China have turned cautious again toward property purchases after repeated government affirmation of its property curbs last month squashed expectations built during the previous weeks that Beijing may loosen policies to support growth.

• China’s Evergrande files police report against short-seller

  Evergrande Real Estate, China’s No.2 property developer by sales, has filed a HK police report related to a short-seller that accused it of fraud, bribery and financial irregularity, a source with direct knowledge of the situation disclosed Wednesday.The company filed the report at Hong Kong’s police headquarters, the source, who declined to be named because she was not authorized to speak to the media, was quoted by Reuters as saying. No other details on the report were available.

• Lend Lease invests in China as it unfurls a new Asian strategy

  CONSTRUCTION giant Lend Lease has signalled it will make its first investments in China, taking its heavy-hitting institutional partners with it, as it unfurls a new Asian strategy in the next year.China is a key plank of the group’s Asian strategy, which also covers Japan, Singapore and Malaysia, Lend Lease Asia chief executive Rod Leaver said.”We look to emulate the business model we have in Australia — that is, to have a fully integrated approach across all sectors and in each country we operate in Asia,” Mr Leaver said.

• China Beige Book Shows Pickup Unseen in Official Data

  China’s official statistics may be lagging behind independent data that show a pickup in the world’s second-biggest economy last quarter, according to a new private survey modeled on the U.S. Federal Reserve’s Beige Book.
  The China Beige Book, through interviews of about 2,000 company executives and bankers, found retail sales and manufacturing strengthened while property sales increased and shortages of unskilled labor failed to abate.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.