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Chinese Property News

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Is Bund skyline threatened?
Jul 29, 2011 (WiC 117)

SOHO China, one of the country’s largest and best known private property developers, has a reputation for sleek, modern apartment blocks. Last week it realised that not everyone appreciates its more innovative designs. The company recently ...

Lift going down

Otis in PR storm after equipment malfunctions
Jul 22, 2011 (WiC 116)

When Elisha Otis took an axe to the hoist rope supporting his elevator at the 1854 World’s Fair, most onlookers thought he was done for. For half a second, he might have regretted the decision. But then his elevator’s brakes engaged as ...

The new commuter belt

Real estate near nation’s high-speed train stations soars in value
Jun 30, 2011 (WiC 113)

Bengbu, once a sleepy city in Anhui, now has one of the hottest property markets in China. Thanks to the Beijing-Shanghai high-speed rail link, the average home price in the city has reached Rmb4,800 per square metre, compared with just Rmb1,700 ...

Home sweet home

Are Chinese tiring of buying foreign property?
Jun 17, 2011 (WiC 111)

It has been a busy summer for property broker Steve High. Although the US property market remains dismal, he told the Wall Street Journal, he’s busier than ever thanks to a flood of Chinese buyers. They now account for more than half of his ...

Not so hot property

The great debate: are house prices falling or not?
Jun 10, 2011 (WiC 110)

All happy families are alike, Tolstoy once wrote, but each unhappy family is unhappy in its own way. What the Russian novelist wouldn’t have predicted is that plenty of Chinese families would one day be miserable for a very similar reason – ...

Shopping for property

Why Walmart’s become so keen on buying Chinese real estate
May 13, 2011 (WiC 106)

As any Sam’s Club shopper knows only too well, buying in bulk saves you money. And Sam’s Club owner Walmart, the world’s largest retailer, is hoping that it can apply the same principle when it comes to buying land. It has announced that it ...

Government is now dictating property prices
Apr 28, 2011 (WiC 104)

WiC has written extensively about price controls in recent months. Now it is the property sector’s turn to come in for similar treatment to cabbage, coal and cotton, as part of the Chinese leadership’s ongoing war with inflation. In fact, ...

Stone of destiny

Chinese demand for marble doubles thanks to apartment construction
Apr 8, 2011 (WiC 102)

"I found Rome a city of bricks and left it a city of marble.” Such was the boast of Augustus, the famed Roman emperor. But two thousand years on and marble still resonates with imperious types, as China’s property owners click their heels ...

Air of superiority

Tycoon sees opportunity in Scottish highlands
Apr 1, 2011 (WiC 101)

Deep in a glen, just north of Speyside is Corrievorrie. It’s home to a small whisky distillery, a pub and some fine salmon fishing. Until recently this rustic Scottish hideaway was a place few would have heard of. Then the Chinese ...

Vanke targets the elderly
Mar 25, 2011 (WiC 100)

Grey market Vanke targets the elderly Chinese families ties might be about to tighten – and not necessarily by familial choice. In January, a proposal from the Civil Affairs Ministry to China’s State Council stipulated that adult children ...

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