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Chinese Property News

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SOHO China has issues with a feng shui blogger
Apr 5, 2019 (WiC 447)

Suing bloggers over their metaphysical musings might sound like an April Fool’s joke story to some newspaper readers, but for Pan Shiyi, the chairman of SOHO China, it’s no laughing matter. The property firm has just filed a law suit ...

Bricks not clicks

Bytedance buys cursed mall; JD an old hotel
Mar 1, 2019 (WiC 442)

A Red Guard; a poet and philanthropist; even a mountain trekker. But Huang Nubo, founder of Beijing Zhongkun, was best known as a property developer with a taste for resort projects, including a failed bid to build a $200 million resort in ...

The plot thickens

What’s left of Wanda after a year of brutal deleveraging?
Jan 25, 2019 (WiC 438)

The month of January is so-called ‘nianhui season’ in China. Meaning ‘annual conference’, larger corporates hold company dinners with staff and shareholders to round off the previous year’s work. They are often followed by a ...

Top of the market?

A fresh row in Hong Kong over how to raise the supply of new housing
Nov 16, 2018 (WiC 432)

Many of the street names in Hong Kong are a legacy from the colonial era. Some tell the stories of the territory’s earlier geography as well. Ferry Street and Bonham Strand are nowhere near the harbour, as their names suggest, with both ...

Wanda sells to Sunac in theme park exit
Nov 9, 2018 (WiC 431)

“Disney really shouldn't have come to China,” Wang Jianlin declared in May 2016. At the time, the Wanda boss had just unveiled an ambitious plan for resort development and predicted that Wanda’s theme parks would soon overpower Shanghai ...

Discount sellers

Why homeowners are storming sales centres
Oct 19, 2018 (WiC 428)

The idea of defending one’s civil rights in an authoritarian state might sound implausible. But protests related to such causes in mainland China have actually become more common, so much so that the term weiquan, meaning ‘rights ...

Treasure island

Hong Kong’s latest $64 billion buildout plan
Oct 19, 2018 (WiC 428)

In 1841, trading company Jardine Matheson acquired the first plot of land sold in Hong Kong after the territory became a British colony. Hoping to take advantage of the strategic location in the middle of what is known today as Causeway Bay, the ...

Unfinished business

Bad news for developers as China debates whether to scrap ‘presales’ of flats
Oct 5, 2018 (WiC 427)

Most Hongkongers are aware there is an acute concentration of economic power in the hands of a few families in their home city. But in the 1960s – before the rise of the likes of Li Ka-shing’s Cheung Kong and the Kwok’s Sun Hung Kai – the ...

Evergrande hopes to build the ‘magic kingdom’ that Wanda gave up on
Sep 7, 2018 (WiC 423)

From running football clubs to buying movie studios and cinema chains, China Evergrande and Wanda Group have gone head-to -head in a number of sectors. And both property conglomerates seem to be sharing a similar fate when it comes to spinning ...

Unscrupulous landlords

Why the cost to rent an apartment in major Chinese cities has been soaring
Aug 31, 2018 (WiC 422)

It is said that rent controls date back to ancient Rome. One theory is that Julius Caesar swung into action after a Senator complained his rent was being doubled. Later documents show attempts by papal authorities to prevent landlords exploiting ...

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