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Chinese Property News

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Not for sharing

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, ...

Wheel of fortune

China Fortune: the biggest company you’ve probably never heard of
Jul 7, 2017 (WiC 373)

Many economists think that China is going to suffer from a real estate glut sooner or later (the owner of Shanghai Tower likely agrees, see this week's property story). But few with that view have the chance to voice their concerns in ...

Troubled towers

Some high-profile skyscrapers in China are struggling commercially
Jul 7, 2017 (WiC 373)

If good things come to those who wait, then some homebuyers in Tianjin may finally be rewarded. Last week, property developer Sunac China announced that it has taken over a half-abandoned construction project called The World – located on a ...

Tragic fire triggers questions over developer’s model
Jul 7, 2017 (WiC 373)

Last week, China was gripped by a horrific tragedy in Hangzhou that saw a mother and her three young children, aged six to 11, killed in an arson case. Their father was away on a business trip at the time of the incident. And according to ...

Why Evergrande sold Vanke stake at a hefty loss
Jun 16, 2017 (WiC 370)

There is a popular (if somewhat gruesome) Chinese saying that “If you can’t stand the pain of using a child as the bait, you will never catch the big wolf.” Real estate developer Evergrande seemed to follow a similar strategy last week ...

Stay out of Sydney

Locals blame Chinese for home price boom
Jun 2, 2017 (WiC 368)

A recently published study found that only 18% of Sydney respondents think that foreign ownership of local real estate should be allowed, and that 64% blame overseas investors for pushing house prices so high. By foreign, the respondents ...

Playing his cards right?

Investors ponder sustainability of China Evergrande’s $94 billion debt pile
May 5, 2017 (WiC 364)

The late Hong Kong multibillionaire Cheng Yu-tung was an enthusiastic fan of the card game Big Dee (dee in Cantonese means “two” or “brother”). In the game four players compete to dump all their cards first, forming ad-hoc alliances to ...

Closing the door?

Slower sales in cities like Beijing could hurt Homelink’s IPO
Apr 28, 2017 (WiC 363)

On March 17 Beijing’s municipal government introduced a raft of new purchasing restrictions in a bid to cool the local property market. The policies were soon replicated by other major cities, making it a watershed date for homebuyers. The ...

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