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Chinese Property News

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Wahaha struggles with mall experiment, as shoppers demand more
Jun 20, 2014 (WiC 242)

Chinese tycoons rarely lack confidence in their abilities. Almost 20 years ago fridge manufacturer Li Shufu decided he was going into the car industry. Why be daunted, he told his friends and family, when car making didn’t look like much more ...

Why threat of a new property registry could add to panic selling
Jun 13, 2014 (WiC 241)

The grocery gimmick ‘buy one get one free’ often means that customers purchase more of a regularly priced good in order to get an extra item that they often don’t need. It’s considered such a problem that a House of Lords committee in ...

Listed firm in a major new accounting scandal
May 30, 2014 (WiC 239)

Between 1996 and 2000 the revenues of an American energy company broke new records, rising 750% to $100.8 billion. If that seemed too good to be true, it’s because it was. The firm was Enron and it was rigging its accounts. Chinese media has ...

The Hangzhou hypothesis

Bearish sentiment weighs on the real estate sector
May 23, 2014 (WiC 238)

"If Hangzhou’s housing market is in the doldrums, you should forget about the whole China property market,” warned Song Weiping, chairman of Greentown, the largest property developer in Zhejiang province. Song’s point is that Hangzhou is ...

Solid foundations?

Shoddy construction remains a problem in China’s real estate market
May 16, 2014 (WiC 237)

Six years ago this week an earthquake in Sichuan left more than 88,000 people dead or missing. There was public anger when it emerged that 5,300 of the dead were pupils killed when their schools collapsed. Shoddy construction standards were ...

Property plunge?

Bleak outlook from top real estate executive
May 9, 2014 (WiC 236)

After dinner speeches are supposed to offer a little light entertainment. But there was little to laugh about when top real estate executive Mao Daqing delivered his oration at a recent event. Vanke’s vice chairman was amazingly candid about ...

Evergrande dividend shocks analysts
Apr 11, 2014 (WiC 233)

For years soccer fans wondered why billionaire Xu Jiayin, the chairman of property developer Evergrande, was ready to spend millions of dollars luring foreign players to his football club Guangzhou Evergrande. In 2012, he even hired Marcello ...

Safe as houses?

More bad news from the property sector as developer defaults
Mar 28, 2014 (WiC 231)

China’s first ‘upside down’ house is scheduled to open this April at a village near Shanghai specialising in folk painting. Apparently, visitors will enter through an upstairs window into a home where all the furniture is attached to the ...

News of property price cuts in two cities
Feb 28, 2014 (WiC 227)

Last year Vanke’s chairman Wang Shi shocked his investors with what looked like a less than benign assessment of China’s housing market: “It doesn’t look good”. This month there was a sterner prediction from a rather more loquacious ...

Dai’s rand plan

Tycoon reveals multi-billion African project
Nov 29, 2013 (WiC 218)

In 2010 Shanghai Zendai grabbed headlines when it paid Rmb9.2 billion ($1.51 billion) for a patch of empty riverfront just south of the Bund, Shanghai’s historic strip of colonial-era buildings. At the time the Shanghai Morning Post dubbed the ...

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