Property « Week In China

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Property

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What’s left of Wanda after a year of brutal deleveraging?
Jan 25, 2019 (WiC 438)

The month of January is so-called ‘nianhui season’ in China. Meaning ‘annual conference’, larger corporates hold company dinners with staff and shareholders to round off the previous year’s work. They are often followed by a ...

A fresh row in Hong Kong over how to raise the supply of new housing
Nov 16, 2018 (WiC 432)

Many of the street names in Hong Kong are a legacy from the colonial era. Some tell the stories of the territory’s earlier geography as well. Ferry Street and Bonham Strand are nowhere near the harbour, as their names suggest, with both ...

Wanda sells to Sunac in theme park exit
Nov 9, 2018 (WiC 431)

“Disney really shouldn't have come to China,” Wang Jianlin declared in May 2016. At the time, the Wanda boss had just unveiled an ambitious plan for resort development and predicted that Wanda’s theme parks would soon overpower Shanghai ...

Why homeowners are storming sales centres
Oct 19, 2018 (WiC 428)

The idea of defending one’s civil rights in an authoritarian state might sound implausible. But protests related to such causes in mainland China have actually become more common, so much so that the term weiquan, meaning ‘rights ...

Hong Kong’s latest $64 billion buildout plan
Oct 19, 2018 (WiC 428)

In 1841, trading company Jardine Matheson acquired the first plot of land sold in Hong Kong after the territory became a British colony. Hoping to take advantage of the strategic location in the middle of what is known today as Causeway Bay, the ...

Bad news for developers as China debates whether to scrap ‘presales’ of flats
Oct 5, 2018 (WiC 427)

Most Hongkongers are aware there is an acute concentration of economic power in the hands of a few families in their home city. But in the 1960s – before the rise of the likes of Li Ka-shing’s Cheung Kong and the Kwok’s Sun Hung Kai – the ...

Evergrande hopes to build the ‘magic kingdom’ that Wanda gave up on
Sep 7, 2018 (WiC 423)

From running football clubs to buying movie studios and cinema chains, China Evergrande and Wanda Group have gone head-to -head in a number of sectors. And both property conglomerates seem to be sharing a similar fate when it comes to spinning ...

Why the cost to rent an apartment in major Chinese cities has been soaring
Aug 31, 2018 (WiC 422)

It is said that rent controls date back to ancient Rome. One theory is that Julius Caesar swung into action after a Senator complained his rent was being doubled. Later documents show attempts by papal authorities to prevent landlords exploiting ...

Country Garden curbed after construction deaths
Aug 17, 2018 (WiC 420)

Yang Guoqiang views his time as so valuable that he is said to spend no more than 10 minutes a day eating, shunning dinner banquets because they take too long. The same focus on time is reflected in the business model of his company, Country ...

Shanghai banks are first to get access to a nationwide property registry
Jul 27, 2018 (WiC 419)

It is not a coincidence that the widespread closures of peer-to-peer lending platforms in China, totalling 721 in the first half, were concentrated in cities that are also plagued by bubbly house prices. In Hangzhou, for instance, two sports ...

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