China Vanke August Sales Rise 34.6% on Year – and more of Today’s China Real Estate Links | September 9, 2013

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

• China Vanke August Sales Rise 34.6% on Year

  China Vanke Co. (000002.SZ), China’s largest property developer by market value, on Friday said sales rose 34.6% in August from the same month a year earlier thanks to firm housing demand.

  Housing transactions have increased strongly this year partly due to pent-up demand and a more accommodative central government policy. Property market participants expect sales to remain strong in the peak housing-buying season of September and October.

• Investors Rediscover Chinese Property Developers as Stocks Rebound

  Two months after a sell-off, Chinese property developers’ stocks and bonds are again gaining favor among investors as real-estate prices rise and home sales surge.

  Shares in the 10 largest Hong Kong-listed Chinese property developers have gained an average 22% since late June, far outpacing the MSCI Asia ex-Japan index, an Asia-wide equity benchmark that has gained 8% during the same period. And Chinese property bonds trading offshore are up 2% from their July lows, while a JPMorgan Asian junk bond index has risen 1% in the same time.

• Savills Says Chinese Investors Targetting New York, London and Sydney

  Investment by Chinese firms in overseas real estate have grown spectacularly over the last three years, up from US$900 million in 2010 to US$5.6 billion in 2012, according to new figures.
  This year investment volumes have already exceeded those levels thanks to many high profile deals in key gateway cities, says the latest report from Savills Research China, with key cities like London, New York and Sydney regarded as safe investments.

• Global Logistic Properties Leases 17,000 sqm to Logistics Firm in China

  Modern logistics provider Global Logistic Properties (GLP) has entered into an agreement to lease logistics areas covering 17,000sqm in China to the third-party logistics (3PL) provider Sankyu Logistics.

  The 3PL company is expanding its distribution centers in Foshan, Tianjin and Suzhou to meet growing demand from various customers, including global fast-moving consumer goods companies and consumer durables companies.

• Developer Greentown China Raises US$300 mil in Club Loan

  Greentown China Holdings Limited announced that it signed a US$300 million 3-year club facility agreement with 7 leading local and global banks: China CITIC Bank International Limited, The Hongkong and Shanghai Banking Corporation Limited, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank (Hong Kong) Limited, Hang Seng Bank Limited, Deutsche Bank AG, Singapore Branch and Goldman Sachs (Asia) L.L.C.

  The load facility is the first club loan obtained solely by Greentown. It has a maturity of 3 years with an interest rate of 3.85% per annum over LIBOR. The loan proceeds will be mainly used for general working capital of the Company.

• More than 80 Australian properties are being directly marketed to Chinese investors

  Austrialian farmers are risking public backlash as they directly pitch their agricultural land to rich Chinese investors.

  Queensland farms, motels and commercial property valued at more than $70 million will be showcased to wealthy Chinese this month by a prominent real estate company.

  Landmark Harcourts’ first China roadshow will visit Beijing, Shanghai, Tianjin and Hong Kong with a portfolio of 80 Australian – mainly rural – properties valued at over $200 million.

• Century Bridge Adds $32.8 Million Hangzhou Investment to China Portfolio

  Century Bridge Capital announced today that it has invested $32.8 million in a joint venture with Zhejiang Headway Real Estate for the development of a middle-income, residential project in Hangzhou, China, the capital and largest city of Zhejiang Province in Eastern China. The project will comprise 321,119 square meters and is located in New Lingping City in a well-developed district in northeast Hangzhou. Funding for the investment was provided by Century Bridge China Real Estate Fund, L.P. The investment follows on Century Bridge’s recent announcement of its $44.4 million investment in a joint venture for the development of a 162,030 square meter residential project in Wuhan, China.

This list is updated daily, so tune in again tomorrow for more up to date information.

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