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Chinese Property News

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The dash for cash

Evergrande reacts quickly to Moody’s downgrade
Jul 3, 2020 (WiC 502)

Alarge house in central Beijing’s Chaoyang district went up for sale in late May on Alibaba’s auction platform Paimai. The house, which measured 305 square metres (or around 3,300 square feet), had a bank valuation of Rmb14.2 million ($2.2 ...

A matter of trust

China looks set to launch first Reits
Jun 26, 2020 (WiC 501)

When Continental Mortgage Investors became the world’s first real estate investment trust (Reit) to debut on the stock market in 1965, the plan was that the new asset class would capture a wider group of property investors, bringing a new ...

Driven from home

Henan city turfs out its property brokers
Jun 5, 2020 (WiC 498)

Property agents have a long history in China. Back in the Zhou Dynasty almost 3,000 years ago brokers called zhi ren were responsible for executing the deeds in home sales. By the time of the Song Dynasty (960–1279), the government ...

Bringing home the bacon

Why real estate giant Vanke is having a go at pig farming
May 22, 2020 (WiC 496)

Pork is central to the Chinese diet. But despite consuming half the world’s pig meat, Chinese domestic supply is haphazard, much of it coming from small-scale farmers with backyard hoggeries. This kind of fragmented market has contributed to ...

Top soccer club to get 100,000 capacity stadium
May 15, 2020 (WiC 495)

With the world’s favourite game in unprecedented deep-freeze, it almost seems perverse to announce the building of the world’s biggest stadium dedicated to soccer. After all, even though the leading leagues in Europe are desperately trying ...

On solid foundations?

Blackstone close to a buyout of SOHO China, amid choppy conditions
Mar 20, 2020 (WiC 487)

Robert Hotung, a comprador at Jardine Matheson, was said to be Hong Kong’s largest property owner in the early twentieth century. Before he died in 1956, Hotung made clear in his will that there were three buildings in the city that his ...

Danke in damage control after letting debacle
Feb 28, 2020 (WiC 484)

At a time when apartment hunting is hardly a priority for millions of Chinese, property giants like Evergrande are trying to lure back homebuyers with steep discounts. The developer has made what it describes as an “unprecedented” offer: ...

Real estate worries

Property sales take a hit from Covid-19 outbreak
Feb 21, 2020 (WiC 483)

Wuhan now has an image outside China that it must dread but before the coronavirus took hold the capital city of Hubei province was one of the country’s most vibrant property markets. In 2019, sales of new homes in the city reached 209,101 ...

Should China scrap its mandatory housing fund?
Feb 21, 2020 (WiC 483)

With China’s economy coming to a standstill as it struggles to contain the deadly coronavirus outbreak, smaller companies that lack a cash cushion are faltering. To help enterprises through these tough times, the central government announced ...

Country Garden opens first robot restaurant
Jan 31, 2020 (WiC 481)

One of the exhibits at the World Economic Forum earlier this month was YuMi, a robot that makes a cup of coffee in less than 90 seconds. Thanks to its precision and agility, YuMi has also had a go at assembling watches and working with glass, ...

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