Here is a list of the day’s latest China real estate news collected from around the web:
- Sun Hung Kai executive arrested over suspected bribery
A senior executive at Sun Hung Kai Properties Ltd (0016.HK), Asia’s largest property developer by market value, has been arrested by Hong Kong’s anti-graft body over suspected bribery, in a rare case for a major property company in the city.
- China Developers Set Up Funds as Cash Is Squeezed Amid Curbs
Chinese developers are setting up property funds to diversify their sources of revenue as government real-estate curbs have led to a cash shortage.
- Mass-market supplants luxury in China’s property sector
THERE’S a new normal in China’s property sector, and it favours mass-market developers over their luxury rivals. For two years, China’s government has waged a war against real-estate speculators and the high-end developers that build for them.
- Shanghai residents pay the most for housing
It would take a middle-income family in Shanghai 30 years to save up for a 100-square-meter dwelling, the longest on Chinese mainland, over Guangzhou and Beijing, according to survey results released on Monday by Savills, a real estate service provider.
- Double Checking China’s Housing Price Data
The latest numbers from the National Bureau of Statistics show average house prices in February up just 0.2% compared to a year ago, and falling 0.1% month-to-month, the fifth month-to-month fall in a row.
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