Property « Week In China - Part 5

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Property

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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 ...

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 ...

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 ...

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 ...

Authorities move (again) to close loopholes in China’s hot property markets
Apr 7, 2017 (WiC 361)

Pre-nuptial agreements seem like a cynical way to start a marriage: determining in advance who will be entitled to what in the event of divorce. But if a marriage does break down, the pre-nup can at least remove the additional stress of having to ...

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 ...

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