China on track to hit ambitious public housing target – and more of Today’s China Real Estate Links | September 12, 2012

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

• China on track to hit ambitious public housing target

  China has this year invested 820 billion yuan ($129 billion) in 6.5 million public home building starts as of the end of August, the Ministry of Housing and Urban-Rural Development said, putting it on track to achieve an ambitious construction target. Construction of affordable housing is a crucial part of China’s spending this year, and its importance is heightened as China’s cooling trade sector forces the country to fall back on state investment to drive growth.

• In Rush to Build, China Real Estate Stumbles

  If you have not seen the famous Shanghai skyline recently, look again: You may be in for a surprise. A new skyscraper has begun to appear on the Pudong side of the Huangpu River, joining the mass of high rises that have sprung up there since the area began to be developed in the 1990s. Once it is finished, in 2014, the Shanghai Tower, a twisting, glass-encased structure 632-meters, or 2,073-feet, tall, will dominate the skyline.

• China tops Asia’s retail property markets says Cushman

  China takes a lion share in the retail projects under construction in Asia, remaining the most popular entry point for international retailers, according to a report released on Monday. Of the 27.87 million square meters of retail projects under construction in Asia, 82.4 percent are in China, a report on the shopping center industry by US real estate services company Cushman & Wakefield. The Asia-Pacific’s promising retail future has led to significant new development, with 27.87 million square meters of retail projects in the first half of 2012, according to data from 42 major cities in the region, 20 of them in China, the report said.

• Swedish luxury label J.Lindeberg opens its first flagship store in China

  Swedish luxury clothing brand J.Lindeberg opened its first flagship store in Shanghai on September 6, reported the Chinese-language Fashion Trend Digest online magazine Friday. The flagship boutique, located in Shanghai’s Grand Gateway Plaza, will retail menswear and selected apparel from the Golf collection.

• Wealthy Chinese Buying More Australian Real Estate

  Chinese property buyers have the potential to create top-end housing market momentum in key cities across the world, including Sydney, according to international real estate group Savills. But not until Chinese currency and offshore investment rules are relaxed, says Savills global research director Yolande Barnes.

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.