Here is a list of the day’s latest China real estate news collected from around the web:
Local governments are expected to roll out additional tightening measures to temper property sales and price growth in the next 12 months, Moody’s Investors Service said in a report on Thursday.
While the first-tier cities tightened their measures to dampen excessive price growth, the government of Wuhan, a city in central China, announced in November new tightening measures on home purchases, making it the first second-tier city to release tightening measures in recent months.
Subsequently, other cities, such as Hangzhou, Nanjing, Changsha, Shenyang and Nanchang, also announced new measures to control price growth.
China Vanke, one of China’s few investment-grade property developers, issued a 1 billion yuan (HK$1.26 billion) dim sum bond on Wednesday night, according to a term sheet seen by the South China Morning Post.
The deal drew 2.5 billion yuan in orders from 69 accounts.
The senior, unsecured five-year bond was priced at par with a coupon of 4.5 per cent.
Zhong An Real Estate Limited (“Zhong An” or the “Group”; stock code: 672.HK), one of the leading PRC property developers in the Yangtze River Delta region, is pleased to announce that, on 26 November 2013, the Group entered into a cooperation agreement with Tonglu County Fengchuan Office for the development of Xiaoyuanshan Valley into China Wellness Valley which will integrate tourism, leisure, vacation, wellness, senior care and medical treatment. Meanwhile, to build a town of health preservation valley, eco-tourism, leisure and other features style in Fengchuan town, the location of the project, would greatly accelerate the development of small towns.
China retailers have to move nimbly to solidify their positions or risk being squeezed out of the market, according to Fitch Ratings.
The rating agency says that while China’s retail market continues to expand, growth opportunities have moved out of the first- and second-tier cities into less developed cities and online shopping sites.
Hong Kong-based Michelle Leong and Korea-based Jeong Min Pak of Fitch Ratings’ industrial team discussed the threat of saturation and e-commerce in China’s retail sector and the macroeconomic trends that will affect the industry over the longer term.
Foreign buyers accounted for 60% to 65% of all the retail real estate and half of all the office buildings sold in downtown Vancouver over the past 15 months, according to survey by CBRE, which looked at all sales priced at $50 million or less.
Nearly all of these buyers came from mainland China or the Middle East, said Jim Szabo, vice-chairman of the national investment team at CBRE, a Vancouver commercial real estate firm.
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