A court in Shanghai rules that an elderly man who bequeathed his property to a fruit stall owner was unable to ‘perform civil conduct’ because of an Alzheimer’s diagnosis in 2017, nullifying the gift. ( read original story ...)
Embattled Chinese Property Tycoon Turns to Electric Cars. Cue $87 Billion Valuation.
Evergrande founder Xu Jiayin hasn’t sold any cars yet and his real-estate empire is groaning with debt. But his electric vehicle startup recently notched an $87 billion market cap. ( read original story ...)
China’s home prices on sharp rise in April
SHANGHAI: China’s home prices grew at the fastest pace in eight months in April after curbs failed to stem buyer enthusiasm. ( read original story ...)
China’s April home prices soar at breakneck pace, putting onus on authorities to keep housing affordability in sight
Surging prices at the fastest monthly pace since last September puts the pressure on the government to impose even more draconian measures to cool the market. ( read original story ...)
China urged to push ahead with controversial property tax as ‘inevitable’ solution to local debt crisis
Proposed taxation on property owners in China, which will eventually cover ordinary Chinese households, has received strong opposition for the past decade. ( read original story ...)
At least 12 dead as tornadoes rip through two Chinese provinces
"I've grown up in Wuhan and I've never seen anything like it," one resident of the city posted on China's Weibo app. ( read original story ...)
Poly Real Estate reports rising sales in January-April
Major Chinese real estate developer Poly Developments and Holdings Group Co also known as Poly Real Estate posted growth in sales ... ( read original story ...)