China mall space closing in on European levels – and more of Today’s China Real Estate Links | June 18, 2012

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

• China mall space closing in on European levels

  China will have more shopping centre space than Western Europe in 5 to 10 years, stoking fears of a property bubble as developers race to build glitzy malls for the country’s fast-growing middle classes, research shows. China has built at least 20 million square metres of shopping centres in 14 major cities over the past decade, with a further 14.8 million square metres under construction, property consultancy CBRE Group said this week.

• Hon Hai’s retail arm targeting greater China market

  CyberMart, a retail business division of Hon Hai Group, the world’s largest contract electronics maker, said Saturday that it is targeting the greater China market for future expansion.

• Real estate boss detained on suspicion of fraud

  The boss of a real estate company in Hangzhou, Zhejiang province, was detained on suspicion of illegally absorbing public savings, local public security said. Yu Zhongjiang, the owner of Zhejiang Zhongjiang Holding Co, who is also the controller of 10 other companies, illegally took in more than one billion yuan from the public.

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.