Property « Week In China

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Property

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Will fairways be turned into flats in Hong Kong?
Apr 20, 2018 (WiC 405)

Most Hong Kongers live in tiny flats and the city has become so cramped that even the dead are struggling to be accommodated. That’s why in 2015 the city proposed building a new ‘super cemetery’ that would offer a one-stop shop for all ...

Evergrande to invest Rmb100 billion in tech space
Apr 13, 2018 (WiC 404)

Starbucks irked some of its customers in 2011 when it expunged its name and the word “coffee” from its logo. The rebranding was aimed at giving the coffee retailer more flexibility to push into new business areas such as groceries. Some of ...

Muted mainland reaction as tycoon Li steps down
Mar 23, 2018 (WiC 402)

Hong Kong’s much heralded free market economy loses some of its sparkle when you study the acute concentration of economic power in the hands of a few of its family-run property conglomerates. That said, there have been signs that the ...

Tianjin’s tallest building has become a money pit for Pan Sutong
Mar 16, 2018 (WiC 401)

Some people call him crazy. Others say he is simply removed from reality. For Pan Sutong, the jury is still out on whether there is a method to the madness. As the head of Goldin Group, the Chinese billionaire controls a conglomerate that ...

Hong Kong politicians hit by home truths
Feb 2, 2018 (WiC 396)

In the US or the UK political careers are routinely ended because of sexual transgressions. In Hong Kong, a city where most of the population is obsessed with property ownership, it’s only fitting that the territory’s politicians often get ...

Why is Wang Jianlin not happy despite a bullish start to 2017?
Jan 26, 2018 (WiC 395)

There are many slang terms for money but their etymology are often uncertain. For instance, the word “bucks” became a substitute for “dollars” probably in the 1700s when deerskins were a popular currency in North America. The term a ...

Why property majors are rapidly turning themselves into landlords
Jan 12, 2018 (WiC 393)

When Shenzhen developer Shum Yip first purchased the land Sky Park now sits on, it envisaged a high-end residential development that would be anchored by a five-star hotel and retail space. It had reasons to be optimistic. The project is located ...

A plan to revive one of Beijing’s famous streets
Dec 8, 2017 (WiC 391)

Since the days of the Ming Dynasty, Wangfujing has been home to royal family members. During the Qing, the Manchu offered residences there to crown princes and elder statesmen, making the Beijing street a prominent address. Helping the area’s ...

More talk of a national property tax as Xi starts second term
Nov 24, 2017 (WiC 389)

After Britain took control of Hong Kong in 1841, the authorities in London weren’t pleased to be bearing the new colony’s public expenses. They made clear they wanted the territory to pay its own way as soon as possible. The colonial ...

Country Garden joins HSI, while Evergrande waits for Shenzhen listing
Nov 17, 2017 (WiC 388)

In 1986 Yeung Kwok-keung ran a construction firm in Shunde in Guangdong province. For some time, its commercial prospects were overshadowed by fears that Shunde’s developers would go under and fail to pay him. The nightmare came true in 1993 ...

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