Here is a list of the day’s latest China real estate news collected from around the web:
- China Stimulus May Be 2 Trillion Yuan, Credit Suisse Says
The Chinese government’s stimulus in response to the nation’s economic slowdown will probably be as high as 2 trillion yuan ($315 billion), half the size of 2008’s package, Credit Suisse Group AG said. Spending on investment will range from 1 trillion yuan to 2 trillion yuan, compared with the 4 trillion yuan stimulus enacted in response to the global financial crisis, Tao Dong, a Hong Kong-based economist, said in a research note today.
- Developers Cut Prices at 207 Projects in Shanghai
OVER 200 residential property projects in Shanghai will offer price cuts in June, staying above 200 for the fourth straight month, with more than 20 percent located in Pudong New Area.
Developers of 207 developments, comprising both apartments and villas, will provide discounts next month, compared to 205 developments this month, according to a research released over the weekend by Soufun.com, which operates the country’s largest real estate website.
- China Real Estate Market, China Vanke, Evergrande: Video
Jinsong Du, a Hong Kong-based property analyst at Credit Suisse Group AG, talks about home prices in China and his investment strategy. China’s home prices fell in July from the previous month in 14 of 70 cities monitored by the government, signaling measures to cool the property market are beginning to work. Du speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.”