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Chinese Property News

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Wanda’s Waterloo

Why is Wang Jianlin not happy despite a bullish start to 2017?
Jan 26, 2018 (WiC 395)

There are many slang terms for money but their etymology are often uncertain. For instance, the word “bucks” became a substitute for “dollars” probably in the 1700s when deerskins were a popular currency in North America. The term a ...

New lease of life

Why property majors are rapidly turning themselves into landlords
Jan 12, 2018 (WiC 393)

When Shenzhen developer Shum Yip first purchased the land Sky Park now sits on, it envisaged a high-end residential development that would be anchored by a five-star hotel and retail space. It had reasons to be optimistic. The project is located ...

Turning a corner

A plan to revive one of Beijing’s famous streets
Dec 8, 2017 (WiC 391)

Since the days of the Ming Dynasty, Wangfujing has been home to royal family members. During the Qing, the Manchu offered residences there to crown princes and elder statesmen, making the Beijing street a prominent address. Helping the area’s ...

Heading for home

More talk of a national property tax as Xi starts second term
Nov 24, 2017 (WiC 389)

After Britain took control of Hong Kong in 1841, the authorities in London weren’t pleased to be bearing the new colony’s public expenses. They made clear they wanted the territory to pay its own way as soon as possible. The colonial ...

Xu’s grand ambition

Country Garden joins HSI, while Evergrande waits for Shenzhen listing
Nov 17, 2017 (WiC 388)

In 1986 Yeung Kwok-keung ran a construction firm in Shunde in Guangdong province. For some time, its commercial prospects were overshadowed by fears that Shunde’s developers would go under and fail to pay him. The nightmare came true in 1993 ...

Li’s biggest property sale yet

Mainland Chinese buying up of Hong Kong’s CBD continues apace
Nov 10, 2017 (WiC 387)

Like most of Hong Kong’s billionaires, Li Ka-shing is a believer in feng shui. He reportedly rescheduled his mother’s funeral after a feng shui expert suggested a more appropriate time and he consulted with feng shui masters in the design of ...

New experiment in Yiwu sees farmers able to mortgage their land
Oct 20, 2017 (WiC 384)

Seventeen years ago, Peruvian economist Hernando de Soto coined the phrase “ dead capital” – land and property that could never be used as collateral because ownership had never been legally formalised. He had in mind the farmers of ...

Curb your enthusiasm

City bosses try to make life harder for property purchasers
Oct 6, 2017 (WiC 383)

Some would say marriages are built on trust. Few say the same about divorces. But a rumour last September that Shanghai would change property purchase laws to give less favourable terms to new divorcees sparked a rush of separations, as devoted ...

Yet another plan for the capital is unveiled
Oct 6, 2017 (WiC 383)

Arguably the first masterplan for the city of Beijing came as a result of the Yongle Emperor’s decision to move his capital there from Nanjing. In 1406 he began construction of the Forbidden City, a project that would ...

High noon in Hong Kong

Colonial stalwart mulls $3.8 billion hotel sale
Sep 22, 2017 (WiC 381)

In the 1970s Jardine Matheson’s then-taipan Henry Keswick was asked for his advice on Hong Kong property. His pithy reply was “never sell”. Over the decades his recommendation has largely been respected by his successors (Keswick remains ...

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