China property

China property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and

restrictions on the number of homes each family can buy.

A developer is building a replica German city in China to lure investors
Imagine, after enjoying the hotels and gambling in Macau, driving across a bridge for just over one mile and visiting ... Germany.  In the coming years, travelers may be able to replicate this experience thanks to a replica German city being built in southern China near the world’s biggest gambling hub. But the coronavirus outbreak has put a halt to the project, an interruption that the owners hope will only be temporary.  Hong Kong-listed developer TFG International is spending $229 million to build the project known as Hengqin German City on an island south of Zhuhai in the southern Chinese province of Guangdong. The island is connected to Macau by the 1.1 mile Lotus Bridge. The city will
Pitched ‘park views,’ these Chinese homebuyers got a plastic lake
Homebuyers promised “park views” in a new residential development were in for a shock on the weekend when they picked up the keys to their flats in the central Chinese city of Changsa. Imagine being pitched “high vegetation cover” and a “park lifestyle” only to discover a public area covered in a blue plastic material to look like a lake and a small timber bridge on pavement.  “So I’m supposed to be standing in the middle of blue water, which in fact doesn’t exist. There is no rock or plants,” one owner said, according to a report from Hunan Satellite TV’s City Channel from Sunday. Instead of grass, residents could “enjoy” a grass block paving, covered with yellow mud and dotted with wither
Bye, Capitol Hill: China’s buildings drop their Western names
These days, many city dwellers across China live in the Champs-Elysees, shop in California Plaza and dine on Capitol Hill. These have been some of the most popular names for Chinese residential and commercial buildings. But maybe not for much longer. Cities across China are starting to get rid of foreign-sounding names on buildings, roads, shopping malls and commercial centers, choosing new ones to represent Chinese culture and adhere to the requests of the Communist Party. At the moment, it’s unclear whether this will become a full-fledged national phenomenon. In March, the wealthy southern province of Guangdong started collecting names that it deemed to be misaligned with “core socialist v
Inkstone index: China’s single, female homeowners
47.9%: homebuyers in China who are single and female. More Chinese women are opting to purchase homes while they are single, underscoring the rising economic power of women in the world’s most populous country. The country’s largest property listing website Ke.com analyzed 67,724 transactions on its platform in 2018 and found 47.9% of the buyers were female and not married. In 2014, single women accounted for about 30% of transactions on the platform, the company said. A survey by Ke.com over the weekend found that 74.2% of women polled said they bought a home without financial support from their partners, while 45.2% did so with financial support from their parents. The poll consisted of 9