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Chinese Property News

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Developers' shares boosted by 16-point plan
Nov 18, 2022 (WiC 608)

Muddy Waters, a shortseller, first came to wider attention in 2011 for asking awkward questions about accounting standards at companies like Sino Forest. Investors were shocked when ratings agency Moody’s joined the chorus of concern about ...

Real estate reality check

Questions aplenty as Rmb1.5 billion goes missing after raid on Sunac safe
Nov 11, 2022 (WiC 607)

“Sometimes I think I am very lucky. I made mistakes when I was young, or at a time when I still had the chance to make amends,” Sun Hongbin told Global Entrepreneur magazine in an interview in 2010. Then only 47, Sun added that the successful ...

Flats at Rmb15,000

Why the city of Hegang has become a hot topic
Oct 28, 2022 (WiC 605)

Manchurian Tiger, an indie film released in 2021, was set in Hegang, a city in Heilongjiang province on the border with Russia. The black comedy follows the story of protagonist Xu Dong, a former high school teacher who works as a ...

One for the future

Vanke defies the gloom with property management IPO in Hong Kong
Sep 30, 2022 (WiC 602)

As the world’s most expensive property market, Hong Kong is poorly nourished soil for start-ups. But ironically enough, when the government made a play of seeding a new tech sector in the city in the late 1990s, it was the territory’s leading ...

Homes and hazards

Property firms hang on grimly as cities start rescue efforts
Sep 16, 2022 (WiC 600)

Back in August 2019 WiC reported predictions from Huang Qifan, a former mayor of Chongqing, that tens of thousands of property firms could be headed for bankruptcy. His forecast followed warnings from officials that “houses are for living in, ...

A clarification: Cao video was doctored
Sep 2, 2022 (WiC 598)

Last week, we mentioned that business tycoon Cao Dewang, the founder of Fuyao Glass, appeared in a livestream during which he warned young people against buying homes. We wrote that the livestream was cut short, likely due to the growing sense of ...

A building crisis

The ‘Stop Mortgage Payment’ campaign spreads nationwide from Henan
Jul 22, 2022 (WiC 594)

Many consumers in China shop on Taobao. Part of the reason is that they know they can request refunds if the goods turn out to be defective. Trust is at stake. Sellers on the platform risk their reputations being trashed by unhappy buyers on ...

An industry on the brink

Country Garden downgrade and Yulin in the headlines over real estate news
Jun 30, 2022 (WiC 591)

In the past, property developers in China have tried to jumpstart sales by offering everything from free home appliances to giveaway sedans. But the housing market in parts of the country has slowed to such an extent that the need to make sales ...

A model restructuring?

Lessons from the bailout of a troubled real estate baron in Henan province
Jun 10, 2022 (WiC 588)

You could infer pretty much everything about the dramatic changes that Chinese football and the beleaguered property sector have undergone recently from the Chinese Super League’s (CSL) opener last week, with Henan Songshan Longmen drawing 2-2 ...

Warehousing assets

Hong Kong’s biggest REIT branches out with Chinese logistics play
May 27, 2022 (WiC 586)

The best retail real estate investment trusts (REITs) are typically underpinned by the busiest shopping malls or outlet centres in prime locations. Asia’s biggest REIT in market capitalisation terms, Hong Kong’s Link, is unusual in this ...

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