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Chinese Property News

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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 ...

Why Vanke’s bought into Anhui lender
Nov 22, 2013 (WiC 217)

He’s climbed Mount Everest twice and he’s led expeditions to the North Pole and the South Pole. So perhaps it should come as little surprise that Wang Shi, the adventurous chairman of Vanke, China’s largest property developer by revenue, ...

What’s going on?

Data about the property market continues to confuse
Nov 8, 2013 (WiC 215)

Be rational when buying a house, don’t just blindly follow others. That was the fairly humdrum advice being given to potential homebuyers as they crammed into a gymnasium in Beijing late last month. Southern Weekend reports that a ...

Let me entertain you

From malls to movies, Wanda is investing billions as it goes on an expansion tear
Oct 4, 2013 (WiC 211)

The last time a real estate mogul ventured into Hollywood, it was a decided failure. Having become the biggest commercial landlord in America by installing cinemas in shopping complexes in the 1970s, the late Melvin Simon, founder of the Simon ...

Wenzhou’s property market remains battered
Sep 13, 2013 (WiC 208)

According to property agency Zillow.com, by the time that the subprime mortgage crisis peaked in the United States, $9 trillion had been wiped off the value of American homes. By the end of 2010, 23.1% of American homeowners were also in negative ...

A record price suggests Shanghai property is still hot
Sep 13, 2013 (WiC 208)

Last year Hong Kong’s Causeway Bay, a bustling shopping district, managed to edge out New York’s Fifth Avenue as the world’s most expensive location for retail rents. Rents averaged $2,630 a square foot a year, noted Cushman & ...

Hong Kong tycoons abstain from Qianhai bids
Aug 23, 2013 (WiC 205)

Hong Kong’s contribution to the development of Shenzhen is well-known. In its early years, at least 80% of the foreign investment going into the city came from its neighbour across the border. Two years ago, money channelled through Hong Kong ...

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