China home prices on the rise in 100 cities – and more of today’s China Real Estate Links | September 25, 2012

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

• China home prices on the rise in 100 cities
  

  Property investment hit 4.37 trillion yuan in the first eight months, of 2012 , a rise of 15.6 % over the same period last year.
  Li, who is originally from North China’s Shanxi province, was annoyed with herself for not buying somewhere in April this year when prices were much lower. Since then the price of the apartment she plans to buy has climbed more than 30 percent.China’s real estate market heated up over the past few months, mainly driven by first-time buyers. According to the China Index Academy, average new home prices in 100 major Chinese cities rose 0.24 percent from July to August, marking the third consecutive month of rising prices.

• CBRE Group, Inc. Strengthens Its Asia Pacific Platform with Acquisition of Vietnam Affiliate
  

  CBRE Group, Inc. today announced that it has acquired its affiliate company in Vietnam, CB Richard Ellis (Vietnam) Co., Ltd. The acquisition strengthens the Company’s Asia Pacific platform, and particularly its ability to offer fully integrated services in the rapidly growing Southeast Asia region.A CBRE affiliate for nearly 10 years, CBRE Vietnam is a leading service provider in that country, with a leading market share across most service lines. It offers a wide range of services, including property sales, office and retail leasing, occupier advisory services, residential project marketing, property and facilities management, project management, consulting, research and valuation.

• China Beige Book Shows Optimism Drops as Job Cuts Rise
  

  China’s manufacturers and retailers are less optimistic about sales than they were three months ago and more companies are cutting jobs, according to a survey modeled on the U.S. Federal Reserve’s Beige Book.

  The China Beige Book, through interviews of more than 2,000 company executives and bankers from Aug. 9 to Sept. 3, found limits to monetary easing after interest-rate cuts in June and July, with banks loosening credit while fewer companies are borrowing, according to a summary from CBB International LLC, the New York-based researcher that conducted the survey.

• China’s poorer regions fare better in downturn-survey

  Businesses in China’s poorer provinces are weathering the effects of economic downturn better than those in the country’s wealthier regions, the preliminary findings of a nationwide survey of senior executives revealed on Monday.The China Beige Book survey of more than 2,000 executives detected a broad downturn in business optimism, particularly among manufacturers, though there was relative strength in the retail and services sectors and a more pronounced growth picture in less prosperous, but rapidly developing inland provinces.

• China has “too much lose” to impose Japan sanctions

  While Chinese state media has warned Japan that it will suffer economically for nationalising disputed islands, analysts say China has too much to lose to impose any serious sanctions. The world’s second and third largest economies have been involved in a steadily degenerating spat over who owns an unpopulated — but possibly resource rich — archipelago in the East China Sea. Violent protests shook Chinese cities over several days until Tuesday, with Japanese shops and businesses the focus of angry mobs demonstrating over Tokyo’s purchase of the Senkakus from their private owners.

• Rebound in China home prices unlikely says senior official

  China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by state media on Sunday. The comments underscore Beijing’s determination to keep a lid on rising home prices, a source of social discontent, especially in the run-up to a once-a-decade leadership transition this year.

• What does the future hold for China’s gambling capital?

  Chinese gamblers stand at a bus stop outside the Sands casino in Macau, once a somnolent Portuguese colony, now a glitzy playground that every year generates five times more in gross gaming revenues than the casinos on the Las Vegas Strip. The streets are thronged. Some of those waiting for the shuttle are groups of laughing tourists, but many are single visitors, sullen or indifferent as they stand beneath a sign saying “To border gate”.

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