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Chinese Property News

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Houses of cards

Collapsed building draws attention to problem of shoddy construction
Jul 10, 2009 (WiC 23)

For years, tourists have flocked to Pisa to gape at a dangerous building – the leaning, twelfth century bell tower. Shanghai now has its own modern equivalent – the Lotus Riverside Apartment in Minxing district. Unlike in Italy, this ...

A very sub-prime borrower

Zou Qing gets a life sentence after fraudulently applying for 199 mortgages
Jun 5, 2009 (WiC 18)

At a business forum several years ago in Yunnan Province, Wang Shi, the chairman of Vanke, the largest publicly traded property developer in China, gave a speech to several hundred executives about how Vanke has prospered without paying a single ...

Soho’s golden age

The high profile developer scoops up distressed buildings in Beijing and Shanghai
May 29, 2009 (WiC 17)

Whenever the subject of China’s property market comes up in the WiC office, images of Johnny Depp’s compass in Pirates of the Caribbean spring to mind: one minute the needle spins one way, the next minute it is spinning the other, making it ...

Opinion remains divided over the state of the property market
Apr 24, 2009 (WiC 12)

Divorcees, philanderers, and cohabiters. Believe it or not, these are the people giving hope to China’s property industry. After months of laggard sales, the largely frozen property market seems to be heating up again. In the first quarter ...

Twilight ‘zone’

A zoning debacle means the old Summer Palace won’t be rebuilt after all
Apr 9, 2009 (WiC 10)

The old Summer Palace – ‘Yuanmingyuan’ – was as large as a city. Witnesses remembered it as more grandiose than the pyramids,” writes Mark Leonard, in his book What Does China Think? “All that is left today are a few desultory ...

Hedging their bets

Dispute points to trouble in the property sector
Mar 13, 2009 (WiC 6)

Few things smell worse than a Chinese public toilet, but the mainland’s property market is currently making some investors feel equally queasy. After a decade of double-digit growth, the property sector has taken a downward turn. To ...

Cashed-up Chinese are buying property in the US
Feb 27, 2009 (WiC 4)

For years, mainland shoppers have flocked to Hong Kong to spend their hard-earned cash on Rolex watches and Ferragamo shoes. Despite the global recession, some Chinese are now moving on from local short-hop shopping sprees to destinations ...

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