Vanke, Gemdale Fall After Mortgage Discount Ends – and more of Today’s China Real Estate Links | May 8, 2012

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

• Vanke, Gemdale Fall After Mortgage Discount Ends

  China Vanke Co and Gemdale Corp paced losses among shares of Chinese developers on concern a suspension of discounts for first-time mortgages will weigh on property sales. Vanke, China’s largest developer by market value, sank 1.6 percent to 9.07 yuan at the close of Shenzhen trading. Gemdale slumped 2.5 percent in Shanghai, pacing a 0.7 percent retreat on the Shanghai Stock Exchange Property Index.

• UK Retailer John Lewis considering opening shops in China

  John Lewis Partnership, the employee-owned retailer behind John Lewis and Waitrose, is exploring opening shops in China, a move which would mark its first foray outside the UK. Charlie Mayfield, chairman of the partnership, recently visited the country on a mission focused on sourcing products, visiting rival retailers and spending time with potential customers.

• China home prices fall to 14-month low

  China’s April home prices fell to a 14-month low as the government pledged to maintain property curbs, according to SouFun Holdings, the nation’s biggest real-estate website owner. Residential values dropped 0.3 percent last month from March, the eighth month-on-month decrease, said SouFun.

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.