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Chinese Property News

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Feud or feudal?

A land dispute in Fuyou leads to armed clashes and deaths
Oct 31, 2014 (WiC 258)

"All the land under heaven is the emperor’s and we are all his servants” goes a classical Chinese poem in the Book of Songs. But the people of Fuyou, a village in the southwest province of Yunnan, were not prepared to be so ...

Armani’s latest business: Chinese real estate
Oct 24, 2014 (WiC 257)

Giorgio Armani got the start-up capital for his fashion business by selling his Volkswagen car in 1975. Since then, the Italian designer has gone on to build an empire that spans several labels (five, to be precise), as well as non-apparel arenas ...

The first domino?

Agile’s troubles have Guangdong developers worried
Oct 17, 2014 (WiC 256)

One of the most decisive battles during the Three Kingdoms Period was the Battle of Red Cliff (208 AD). Cao Cao, the warlord who occupied the North, needed to defeat two rulers in the South – Liu Bei and Sun Quan – before he could unify the ...

Everything must go

Real estate developers are offering surreal deals to lure buyers
Oct 3, 2014 (WiC 255)

On previous occasions when China’s property market was in the doldrums, developers offered the prospect of free BMWs to entice people into buying new apartments. And in a sign that the property market is struggling desperately, they are ...

New house rules

Could unsold flats become affordable homes?
Sep 5, 2014 (WiC 251)

Former Chinese Premier Wen Jiabao’s favourite poet is Du Fu, a literary figure from the Tang Dynasty some 1,300 years ago. In his latter years Du was so poor that his daughter died of starvation, prompting one of his more famous verses: “If ...

Better luck in Tinseltown?

Property tycoons look to Los Angeles as home sales in China lose sparkle
Aug 22, 2014 (WiC 249)

As the owner of the AMC cinema chain, Wang Jianlin already rubs elbows with Hollywood A-listers like Leonardo DiCaprio, Nicole Kidman and Catherine Zeta-Jones. But now he wants to extend his reach into the film industry by becoming one of the ...

The 838-metre Sky City is nowhere to be seen
Aug 1, 2014 (WiC 248)

Long before the era of the skyscraper, the medieval town of San Gimignano had its own fixation with height. Now one of Italy’s most beloved tourist destinations, it was once a hotbed of Tuscan family rivalries. The upshot of these feuds was ...

Chinese middle class want US properties too
Aug 1, 2014 (WiC 248)

"Home is the nicest word there is.” That’s how Laura Ingalls describes the new wooden house her father has built on the banks of Plum Creek in Walnut Grove, Minnesota. It is the 1870s and the Ingalls had travelled by covered wagon across the ...

Why financial crisis looms for China’s university cities
Jul 11, 2014 (WiC 245)

Each graduation season American universities compete for high-profile speakers to give a final upbeat lecture to departing students. Politicians have been less in demand these days. Nearly a dozen big-name guests, such as former US Secretary of ...

Greentown property tycoon has a new vision
Jun 27, 2014 (WiC 243)

If viewers thought they were seeing the last of Barbara Walters on her US talk show The View, they were mistaken. The 84 year-old retired as one of the programme’s four hosts in mid-May. It was a teary affair that saw high-profile ...

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