Property « Week In China - Part 3

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Property

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More talk of a national property tax as Xi starts second term
Nov 24, 2017 (WiC 389)

After Britain took control of Hong Kong in 1841, the authorities in London weren’t pleased to be bearing the new colony’s public expenses. They made clear they wanted the territory to pay its own way as soon as possible. The colonial ...

Country Garden joins HSI, while Evergrande waits for Shenzhen listing
Nov 17, 2017 (WiC 388)

In 1986 Yeung Kwok-keung ran a construction firm in Shunde in Guangdong province. For some time, its commercial prospects were overshadowed by fears that Shunde’s developers would go under and fail to pay him. The nightmare came true in 1993 ...

Mainland Chinese buying up of Hong Kong’s CBD continues apace
Nov 10, 2017 (WiC 387)

Like most of Hong Kong’s billionaires, Li Ka-shing is a believer in feng shui. He reportedly rescheduled his mother’s funeral after a feng shui expert suggested a more appropriate time and he consulted with feng shui masters in the design of ...

New experiment in Yiwu sees farmers able to mortgage their land
Oct 20, 2017 (WiC 384)

Seventeen years ago, Peruvian economist Hernando de Soto coined the phrase “ dead capital” – land and property that could never be used as collateral because ownership had never been legally formalised. He had in mind the farmers of ...

City bosses try to make life harder for property purchasers
Oct 6, 2017 (WiC 383)

Some would say marriages are built on trust. Few say the same about divorces. But a rumour last September that Shanghai would change property purchase laws to give less favourable terms to new divorcees sparked a rush of separations, as devoted ...

Yet another plan for the capital is unveiled
Oct 6, 2017 (WiC 383)

Arguably the first masterplan for the city of Beijing came as a result of the Yongle Emperor’s decision to move his capital there from Nanjing. In 1406 he began construction of the Forbidden City, a project that would ...

Colonial stalwart mulls $3.8 billion hotel sale
Sep 22, 2017 (WiC 381)

In the 1970s Jardine Matheson’s then-taipan Henry Keswick was asked for his advice on Hong Kong property. His pithy reply was “never sell”. Over the decades his recommendation has largely been respected by his successors (Keswick remains ...

Co-workspace giant WeWork clashes with Chinese challenger
Sep 22, 2017 (WiC 381)

Even if imitation is the sincerest form of flattery, WeWork isn’t impressed. Last week, the US co-working space company filed a civil lawsuit in New York over the “deceptively similar name” of its Chinese rival UrWork, saying that it wants ...

How ‘phoenix cities’ are set to power a revolution in property prices
Sep 1, 2017 (WiC 378)

Empty streets don’t inspire much confidence in a city’s prospects, which was bad news for Dongguan earlier this year when more than two-thirds of its residents disappeared, and for nearby Foshan, where a similar number were missing. The ...

Vanke spends $8 billion on Guangzhou land bank
Jul 21, 2017 (WiC 375)

China’s ghost towns are back in the headlines. But this time around they are not in more remote locations like Ordos but nearer to bustling metropolises. In Nanhui New City, a satellite town about 70 kilometres from the centre of Shanghai, ...

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