Property « Week In China

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Property

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New experiment in Yiwu sees farmers able to mortgage their land
Oct 20, 2017 (WiC 384)

Seventeen years ago, Peruvian economist Hernando de Soto coined the phrase “ dead capital” – land and property that could never be used as collateral because ownership had never been legally formalised. He had in mind the farmers of ...

City bosses try to make life harder for property purchasers
Oct 6, 2017 (WiC 383)

Some would say marriages are built on trust. Few say the same about divorces. But a rumour last September that Shanghai would change property purchase laws to give less favourable terms to new divorcees sparked a rush of separations, as devoted ...

Yet another plan for the capital is unveiled
Oct 6, 2017 (WiC 383)

Arguably the first masterplan for the city of Beijing came as a result of the Yongle Emperor’s decision to move his capital there from Nanjing. In 1406 he began construction of the Forbidden City, a project that would ...

Colonial stalwart mulls $3.8 billion hotel sale
Sep 22, 2017 (WiC 381)

In the 1970s Jardine Matheson’s then-taipan Henry Keswick was asked for his advice on Hong Kong property. His pithy reply was “never sell”. Over the decades his recommendation has largely been respected by his successors (Keswick remains ...

Co-workspace giant WeWork clashes with Chinese challenger
Sep 22, 2017 (WiC 381)

Even if imitation is the sincerest form of flattery, WeWork isn’t impressed. Last week, the US co-working space company filed a civil lawsuit in New York over the “deceptively similar name” of its Chinese rival UrWork, saying that it wants ...

How ‘phoenix cities’ are set to power a revolution in property prices
Sep 1, 2017 (WiC 378)

Empty streets don’t inspire much confidence in a city’s prospects, which was bad news for Dongguan earlier this year when more than two-thirds of its residents disappeared, and for nearby Foshan, where a similar number were missing. The ...

Vanke spends $8 billion on Guangzhou land bank
Jul 21, 2017 (WiC 375)

China’s ghost towns are back in the headlines. But this time around they are not in more remote locations like Ordos but nearer to bustling metropolises. In Nanhui New City, a satellite town about 70 kilometres from the centre of Shanghai, ...

China Fortune: the biggest company you’ve probably never heard of
Jul 7, 2017 (WiC 373)

Many economists think that China is going to suffer from a real estate glut sooner or later (the owner of Shanghai Tower likely agrees, see this week's property story). But few with that view have the chance to voice their concerns in ...

Some high-profile skyscrapers in China are struggling commercially
Jul 7, 2017 (WiC 373)

If good things come to those who wait, then some homebuyers in Tianjin may finally be rewarded. Last week, property developer Sunac China announced that it has taken over a half-abandoned construction project called The World – located on a ...

Tragic fire triggers questions over developer’s model
Jul 7, 2017 (WiC 373)

Last week, China was gripped by a horrific tragedy in Hangzhou that saw a mother and her three young children, aged six to 11, killed in an arson case. Their father was away on a business trip at the time of the incident. And according to ...

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