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Chinese Property News

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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 ...

Renhe faces lawsuit over Harbin mall
Jun 19, 2015 (WiC 286)

In 2014 property developer Evergrande said it would invest Rmb100 billion ($16 billion) to create a new brand in agricultural products. So far there is little sign that its new business line has brought in significant revenue, but that hasn’t ...

Investors switching from stocks to real estate
Jun 12, 2015 (WiC 285)

Chinese stocks have been comfortably the world’s best performers this year, with the Shenzhen index doubling, and the Shanghai Composite also reaching a seven-year peak. Alibaba Pictures, for one, has seen its market value climb more than ...

A kingly pairing

Why Wanda and Vanke are combining forces
May 29, 2015 (WiC 283)

Last year when Tencent, Alibaba and Ping An decided to set up an online insurance joint venture, Chinese media dubbed it the ‘collaboration of the three Mas’. That’s because the chairmen of all three companies share the surname Ma (which ...

Evergrande announces new plastic surgery resort
Apr 24, 2015 (WiC 278)

Evergrande boss Xu Jiayin suffered bit of a slap in the face in Sydney at the beginning of March, when Australia’s Treasurer Joe Hockey ordered him to sell a $30 million mansion in the affluent suburb of Point Piper. Evergrande bought the ...

SOHO China to lure internet start-ups with office sharing schemes
Mar 13, 2015 (WiC 273)

Pan Shiyi, chairman of property developer SOHO China, says he spent most of last year visiting internet firms instead of potential building sites. “Every month I set a goal for myself to visit 10 internet companies. I have finally accomplished ...

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