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Chinese Property News

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Gunning for growth

How a business mogul raised his initial investment – with a bank job
Nov 13, 2015 (WiC 303)

A story in the Bible tells of a rich man with three servants. Before going away on a long trip, he entrusts each of them with some money. Two use the cash to trade and work, and are able to return their master’s loan twice over when he returns. ...

Commercial landlords adjust to new challenges
Oct 30, 2015 (WiC 301)

He sat on Enron’s board at the time of the energy giant’s collapse, which might suggest that Ronnie Chan isn’t the first person you might think of to identify financial risks. However, an 8,000-word missive by the Hong Kong tycoon has ...

Reaching their Peak

Might Hong Kong property be set for a fall as China demand dries up?
Oct 9, 2015 (WiC 299)

Back in the 1980s Hong Kong’s busiest shopping districts were dominated by Japanese department stores. Retail giant Yaohan even moved its international headquarters to the British colony in 1991. In the same year its boss Kazuo Wada plonked ...

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US developers lure Chinese buyers with feng shui
Oct 9, 2015 (WiC 299)

The geomantic practice of feng shui teaches that a building’s structural and interior design can have profound effects on aspects of the inhabitant’s life. Most often people who consult feng shui masters are concerned with ...

Super-ungrateful?

As Asia’s richest man exits China, a backlash emerges from official media
Sep 25, 2015 (WiC 297)

Back in late January we featured a cover image of Li Ka-shing standing at a crossroads, peering towards Europe, while other investors looked towards China and its new Silk Road initiatives (see WiC268). Our article went on to describe how the ...

Rent negotiations

Luxury brands’ shop closures send warning on Hong Kong property prices
Sep 11, 2015 (WiC 295)

To establish their longevity and promote their prestige it’s common for luxury goods firms to flaunt their date of founding. However, in the case of US bag maker Coach the year of its establishment will strike anyone with a knowledge of history ...

Post-party blues

A white elephant is left after APEC jamboree
Aug 28, 2015 (WiC 293)

As a Chinese proverb goes, “To have friends come from afar is happiness, is it not?” Unsurprisingly the country’s leaders often makes huge efforts to impress foreign dignitaries. Last November, when Beijing hosted the APEC summit, the ...

Why homeowners are tearing up sales contracts
Jul 17, 2015 (WiC 290)

Just over a year ago, those looking to sell their property in China couldn’t wait for the ink to dry on the contracts. Now, many are instead reneging on sales agreements. Southern Metropolis Daily reports that back in March, Xie Guoyi, a ...

Spain is attracting interest from wealthy Chinese
Jul 10, 2015 (WiC 289)

It started in earnest about a year ago when Guo Jindong, the chairman of Nanjing-based petrochemical producer Jiangsu GRPO Group, bought a luxury hotel in Mallorca. He paid €52 million ($57 million) for Valparaiso Palace and Spa. Since then, ...

London developers woo deep-pocketed Chinese homebuyers
Jun 26, 2015 (WiC 287)

On a balmy evening in London last month, Knight Frank hired a luxury river yacht to throw a party for some of its best clients. About 40 guests were treated to champagne and canapés while the sun set over the River Thames. As the yacht purred ...

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