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Chinese Property News

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Danke in damage control after letting debacle
Feb 28, 2020 (WiC 484)

At a time when apartment hunting is hardly a priority for millions of Chinese, property giants like Evergrande are trying to lure back homebuyers with steep discounts. The developer has made what it describes as an “unprecedented” offer: ...

Real estate worries

Property sales take a hit from Covid-19 outbreak
Feb 21, 2020 (WiC 483)

Wuhan now has an image outside China that it must dread but before the coronavirus took hold the capital city of Hubei province was one of the country’s most vibrant property markets. In 2019, sales of new homes in the city reached 209,101 ...

Should China scrap its mandatory housing fund?
Feb 21, 2020 (WiC 483)

With China’s economy coming to a standstill as it struggles to contain the deadly coronavirus outbreak, smaller companies that lack a cash cushion are faltering. To help enterprises through these tough times, the central government announced ...

Country Garden opens first robot restaurant
Jan 31, 2020 (WiC 481)

One of the exhibits at the World Economic Forum earlier this month was YuMi, a robot that makes a cup of coffee in less than 90 seconds. Thanks to its precision and agility, YuMi has also had a go at assembling watches and working with glass, ...

Training its sights

Sun Hung Kai in massive bid for West Kowloon site – but was it a bargain?
Dec 6, 2019 (WiC 477)

Belgian actor Jean-Claude Van Damme has long been a fan of Hong Kong. In 2004 the martial arts star spent HK$80 million ($10 million) on two top-floor units at a luxury development in West Kowloon. They’re now up for sale, at a combined asking ...

Tower of strength?

SOHO China puts trophy assets up for auction
Nov 8, 2019 (WiC 473)

Pan Shiyi, chairman of SOHO China, made a recent appearance in the TV series Back to the Field, a show that puts a group of celebrities on a farm. In the episode he impressed viewers with his carpentry skills, knocking together a coop for the ...

Shenzhen will build 1.7 million more homes, most of them public housing
Nov 1, 2019 (WiC 472)

Shenzhen’s past as a fishing village now seems like something from a different galaxy. But another of its titles – as China’s biggest boomtown – still rings true, as does its reputation as a city of migrants. These newcomers have made it ...

Not checking out

A European R&D project of Han’s Laser turns out to be a hotel
Sep 6, 2019 (WiC 465)

Switzerland’s Engelberg has been a resort town for nearly 170 years. As its English name “Angel Mountain” suggests, the spot is pristine and picturesque, exuding an alpine charm. It might not, however, seem the best location for a ...

A top official predicts the bankruptcy of 64,000 Chinese property firms
Aug 2, 2019 (WiC 462)

Simon Yam is arguably Hong Kong’s most prolific actor. With credits in 234 movies, the 64 year-old has starred in a wide range of roles spanning mafia boss, police inspector and serial killer. Some of these parts have seen his character ...

Parking the cash

Hong Kong investors turn to GBA car parks
Aug 2, 2019 (WiC 462)

Many Hongkongers who ‘dream’ of owning their own home believe that it will remain a dream following a tripling of house prices over the past decade. Only this month, a buyer paid HK$5.26 million ($674,000) for a tiny 598 square foot flat in ...

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