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Chinese Property News

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Discount sellers

Why homeowners are storming sales centres
Oct 19, 2018 (WiC 428)

The idea of defending one’s civil rights in an authoritarian state might sound implausible. But protests related to such causes in mainland China have actually become more common, so much so that the term weiquan, meaning ‘rights ...

Treasure island

Hong Kong’s latest $64 billion buildout plan
Oct 19, 2018 (WiC 428)

In 1841, trading company Jardine Matheson acquired the first plot of land sold in Hong Kong after the territory became a British colony. Hoping to take advantage of the strategic location in the middle of what is known today as Causeway Bay, the ...

Unfinished business

Bad news for developers as China debates whether to scrap ‘presales’ of flats
Oct 5, 2018 (WiC 427)

Most Hongkongers are aware there is an acute concentration of economic power in the hands of a few families in their home city. But in the 1960s – before the rise of the likes of Li Ka-shing’s Cheung Kong and the Kwok’s Sun Hung Kai – the ...

Evergrande hopes to build the ‘magic kingdom’ that Wanda gave up on
Sep 7, 2018 (WiC 423)

From running football clubs to buying movie studios and cinema chains, China Evergrande and Wanda Group have gone head-to -head in a number of sectors. And both property conglomerates seem to be sharing a similar fate when it comes to spinning ...

Unscrupulous landlords

Why the cost to rent an apartment in major Chinese cities has been soaring
Aug 31, 2018 (WiC 422)

It is said that rent controls date back to ancient Rome. One theory is that Julius Caesar swung into action after a Senator complained his rent was being doubled. Later documents show attempts by papal authorities to prevent landlords exploiting ...

Fast, but fatal?

Country Garden curbed after construction deaths
Aug 17, 2018 (WiC 420)

Yang Guoqiang views his time as so valuable that he is said to spend no more than 10 minutes a day eating, shunning dinner banquets because they take too long. The same focus on time is reflected in the business model of his company, Country ...

Shanghai banks are first to get access to a nationwide property registry
Jul 27, 2018 (WiC 419)

It is not a coincidence that the widespread closures of peer-to-peer lending platforms in China, totalling 721 in the first half, were concentrated in cities that are also plagued by bubbly house prices. In Hangzhou, for instance, two sports ...

New lease of life

Vanke in 10-year apartment rental offer
Jun 8, 2018 (WiC 412)

Where do you see yourself in 10 years? That may seem like an ambitious question for younger people but in China it is a query that prospective renters might have to consider when they look for a place to live. In April one of China’s largest ...

Crossing the Yalu

Will Dandong become a northeastern Shenzhen?
May 11, 2018 (WiC 408)

Six weeks ago an armoured train carrying the North Korean leader Kim Jong-un rattled across an old iron bridge over the Yalu river and passed through the Chinese border city of Dandong on its way to Beijing. This week, Kim again travelled to ...

Part and parcel

Can Reits spur government goal of a bigger rental property market?
May 4, 2018 (WiC 407)

Throughout its modern history, China has been famed for its mass campaigns, most notably persuading its population to eradicate rats, flies, mosquitoes and sparrows during the so-called Four Pests Campaign between 1958 and 1962. But the ...

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