Property « Week In China - Part 5

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Property

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Why demand for residential properties has grown in Hainan
Mar 3, 2017 (WiC 356)

One of the reasons given by Hugo Barra – who now heads Facebook’s virtual reality division Oculus – for leaving smartphone maker Xiaomi was that living in Beijing “has taken a huge toll on my life and started affecting my ...

Are Chinese homebuyers pivotal for Australia?
Feb 17, 2017 (WiC 354)

Panicky headlines that vast areas of Australian farmland were going under the hammer to Chinese buyers turned out to be wide of the mark last year when a government study revealed that just 0.38% of agricultural land was under Chinese ...

Hong Kong’s plans for a tech park and a new museum come under fire
Jan 13, 2017 (WiC 351)

Before China’s economic reforms began in 1978, Shenzhen was a small village bordering the much larger metropolis of British-governed Hong Kong. According to Chen Bingan, the author of The Great Exodus to Hong Kong, millions of Chinese crossed ...

What’s the outlook for China’s property market in 2017?
Jan 6, 2017 (WiC 350)

Looking back on last year, Chinese developers will be celebrating a dramatic change of fortune. Because of various homebuying curbs, many began the year struggling financially. Then policymakers started to stimulate the market, leading home ...

How Chongqing keeps home prices under control
Oct 28, 2016 (WiC 344)

China has experienced – and survived – its fair share of housing booms and busts. Jim Chanos, a famous shortseller, once described the 2010 bubble as “Dubai times 1,000 – or worse”. The current fervour has caught even some local ...

The end of an era for Hong Kong and its longstanding property bosses?
Oct 7, 2016 (WiC 342)

Alice Poon spent nearly two decades in Hong Kong’s real estate industry, including a long spell as personal assistant to the founder of its biggest developer, Sun Hung Kai Properties (SHKP). That made her something of an insider and in 2005, ...

Why China Evergrande has sold its non-property businesses
Oct 7, 2016 (WiC 342)

In November 2013, Guangzhou Evergrande became the first Chinese football club to win the Asian Champions League. Right after popping the champagne, its players and the head coach – Marcello Lippi – were ushered to a press conference to launch ...

Shenzhen’s new super-tiny apartments attract criticism
Oct 7, 2016 (WiC 342)

One widely circulated joke on China’s internet goes like this: a man says to his girlfriend, “Once home prices fall, I will buy a house and marry you.” Instantly, her heart breaks because she knows they will never be together. With home ...

Legend Holdings sells property unit amid toppish market
Sep 30, 2016 (WiC 341)

Before becoming a real estate developer, Sunac China’s chairman Sun Hongbin began his career at Liu Chuanzhi’s computer firm Lenovo (then known as Legend). Sun joined in the same year as Yang Yuanqing, now chairman of Lenovo, but back then ...

Divorces skyrocket in Shanghai property panic
Sep 9, 2016 (WiC 339)

Forget the ‘till-death-do-us-part’ bit. Once the word was out on the possibility of new restrictions on home purchases in Shanghai, married couples focused on the ‘richer or poorer’ aspect of their vows. And for many, that meant they had ...

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