Property « Week In China - Part 3

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Property

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Muted mainland reaction as tycoon Li steps down
Mar 23, 2018 (WiC 402)

Hong Kong’s much heralded free market economy loses some of its sparkle when you study the acute concentration of economic power in the hands of a few of its family-run property conglomerates. That said, there have been signs that the ...

Tianjin’s tallest building has become a money pit for Pan Sutong
Mar 16, 2018 (WiC 401)

Some people call him crazy. Others say he is simply removed from reality. For Pan Sutong, the jury is still out on whether there is a method to the madness. As the head of Goldin Group, the Chinese billionaire controls a conglomerate that ...

Hong Kong politicians hit by home truths
Feb 2, 2018 (WiC 396)

In the US or the UK political careers are routinely ended because of sexual transgressions. In Hong Kong, a city where most of the population is obsessed with property ownership, it’s only fitting that the territory’s politicians often get ...

Why is Wang Jianlin not happy despite a bullish start to 2017?
Jan 26, 2018 (WiC 395)

There are many slang terms for money but their etymology are often uncertain. For instance, the word “bucks” became a substitute for “dollars” probably in the 1700s when deerskins were a popular currency in North America. The term a ...

Why property majors are rapidly turning themselves into landlords
Jan 12, 2018 (WiC 393)

When Shenzhen developer Shum Yip first purchased the land Sky Park now sits on, it envisaged a high-end residential development that would be anchored by a five-star hotel and retail space. It had reasons to be optimistic. The project is located ...

A plan to revive one of Beijing’s famous streets
Dec 8, 2017 (WiC 391)

Since the days of the Ming Dynasty, Wangfujing has been home to royal family members. During the Qing, the Manchu offered residences there to crown princes and elder statesmen, making the Beijing street a prominent address. Helping the area’s ...

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 ...

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