Here is a list of the day’s latest China real estate news collected from around the web:
- Asia Retail Rents See Sluggish Growth as Store Expansions Slow
Asia-Pacific retail rent growth “remains sluggish” as Europe’s debt crisis causes retailers to put expansion plans on ice, said property broker CBRE Group Inc. An index of 16 Asia-Pacific market rents recorded an increase of 0.4 percent in the three months ended March 31 from the prior quarter, CBRE said in an e-mailed report. Hong Kong’s average prime rents rose 1.9 percent, slowing from the 3.3 percent growth recorded in the fourth quarter of 2011, while rents across south-east Asia and in Australia and New Zealand fell 0.3 percent.
- Asia Pacific investment fell over 40 per cent in Q1 2012
Asia Pacific investment fell by over 40 per cent in the first quarter of 2012, revealed the latest CBRE report. The Capital Markets MarketView report, published by the global real estate services firm reported that investment fell 42 per cent quarter-on-quarter to US$ 11.6billion.
- Introducing Shanghai’s ‘New’ Party Leaders
It’s a year of political change for the Chinese Communist Party with a once-in-a-decade leadership transition planned this autumn. Leaders face political turmoil unseen in decades and an economy sending worrying signals. But that’s not exactly the way it looked Tuesday when the party’s Shanghai branch introduced its “new” lineup of cadres.
- Investment-driven growth no longer a viable option – People’s Daily
With no end in sight for Europe’s prolonged debt crisis, many are now worrying that the financial turmoil roiling the Continent may trigger a recession in China. While uncertainties in the eurozone indeed pose a major challenge for the world’s financial markets, the more immediate threat facing China’s economy comes not from abroad, but from the country’s heavy dependence on investment.
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