\nLiving to tell a rambunctious year for real estate
\nFireworks over Hong Kong\u2019s Victoria Harbor from Tsim Sha Tsui promenade on January 1, 2017. Bhubase T\/Shutterstock
\nHappy New Year of the Rooster, one and all!
\nIn the last lunar year, the Chinese were aping each other, given to panic buys at home and peripatetic property purchases from Canada to Cyprus. From the dizzying highs of the Shanghai market to the ever-tinier but ever-pricier apartments of Hong Kong, it was clear that the Middle Kingdom meant no monkey business.
\nTo celebrate the new year, we\u2019re looking back at our top ten stories from the past 365 days, from the nation with extraordinary real estate stories.
\n1. 7 things we learned from the 2016 Richest People in China report
\nCrossing the street in Shanghai, China\u2019s largest city. TonyV3112 \/ Shutterstock.com
\nWhen we held a mirror to the top stratum of Chinese society, our readers responded in droves. Our choice picks of insights from Hurun\u2019s highly cited annual list of China\u2019s wealthiest people became the most-viewed of any China-related story last year.
\n2. Top developers shortlisted for the 3rd China Property Awards 2016<\/p>\n
The buildup to our third ever China Property Awards began in November with the announcement of nominees. Judging from our views, the anticipation was very high, eventually landing this story as the Monkey Year\u2019s second-most viewed. A total of 13 companies were nominated last year.
\n3. How China\u2019s luxury homes are proud to be Chinese again
\nChina\u2019s most expensive house, Unique Taohuayuan, lists for CNY1 billion (USD149 million) and features traditional Chinese architecture. Image credit: Sotheby\u2019s International Realty
\nChina may be atoning for its ill repute as a land of cheap knockoffs, which extends to its real estate developments. From replicas of French chateaus and Mediterranean villas, Chinese developers have taken to designing houses that are truly, proudly local, with some modern flair indoors.
\n4. Has China put itself at risk of a real estate bubble?
\nExperts warn of a potential \u201cextremely large\u201d property bubble in China. Image credit: Asgeir Kolberg\/ Flickr
\nJack Ma\u2019s success story has not been lost on the Chinese government. As a result, they are actively fomenting the rise of start-ups by establishing thousands of innovation centres. However, there has not been adequate talent, suppliers, and amenities to justify their creation. Worse, these empty innovation centres may be may be indicative of an \u201cextremely large\u201d risk of a property bubble.
\n5. This is the reason mainland China buyers converge in Hong Kong
\nCentral district in Hong Kong. IQRemix\/Flickr
\nApprehensions about the depreciating renminbi spurred mainland property developers into increasing their land and building acquisitions south. The US greenback-pegged Hong Kong dollar turned out to be an especially powerful deciding factor.
\nMore: It takes decades for you to buy a small apartment in these cities
\n6. Property Report Congress China adds experts from Greater China, SEAsia
\nDelegates at Property Report Congress Vietnam 2016 held in Ho Chi Minh City on 10 June
\nDr Benny Chow, director of sustainability, Hong Kong at Aedas, lent some credence to an ever-growing roster of speakers at the Property Report Congress China, which tackled some of the biggest property trends of 2016. He was joined by such luminaries as Asia Business Council\u2019s Mark Clifford; Gregory Ku, managing director, JLL Macau; and Vincent Cheung, executive director, Colliers International.
\n7. Leading lights in real estate dominate the China Property Awards 2016<\/p>\n
Sino-Ocean capped the last Gregorian year with the highest honours in the third ever China Property Awards at the JW Marriott Hong Kong on 7 December. The highest accolade of the night was a back-to-back win for the Beijing-based developer, while independently managed private equity real estate firm Phoenix Property Investors snagged three out of its five total nominations. Twenty-two awards were presented in front of nearly 200 VIPs and senior industry figures, including Hong Kong billionaire Chao Sze-Tsung Cecil, owner of Cheuk Nang Holdings Ltd.
Living to tell a rambunctious year for real estate Fireworks over Hong Kong\u2019s Victoria Harbor...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-42285","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-b01","jetpack-related-posts":[{"id":117370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-are-walking-towards-a-default-hong-kong-real-estate-fund-stumbles-as-coronavirus-tips-shanghai-commercial-property-into-bear-market\/","url_meta":{"origin":42285,"position":0},"title":"\u2018We are walking towards a default\u2019: Hong Kong real estate fund stumbles as coronavirus tips Shanghai commercial property into bear market","date":"June 26, 2020","format":false,"excerpt":"\r Even seasoned bankers and real estate investors, honed by past financial markets and health crises, are no match for the calamity brought by the US-China trade war and the coronavirus pandemic.Phoenix Property Investors, a US$7.7 billion real estate fund, has six months to save itself from potential cascading defaults\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-luxury-homes-get-smaller-while-prices-get-ever-greater\/","url_meta":{"origin":42285,"position":1},"title":"Shanghai luxury homes get smaller while prices get ever greater","date":"December 13, 2016","format":false,"excerpt":"\r Is Shanghai the new Hong Kong? Shanghai home values are among the world\u2019s fastest-growing. shanghainese\/Shutterstock What do you do when prevailing market prices of homes are skyrocketing at double-digit rates? You build them smaller, of course. Saddled with one of the hottest real estate markets in the world, property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warburg-pincus-backed-shanghai-real-estate-firm-eyes-slice-of-co-working-market-as-demand-rises-in-hong-kong\/","url_meta":{"origin":42285,"position":2},"title":"Warburg Pincus-backed Shanghai real estate firm eyes slice of co-working market as demand rises in Hong Kong","date":"September 16, 2018","format":false,"excerpt":"\r Kailong, a Shanghai-based real estate investment management company backed by US private equity fund Warburg Pincus, is planning to include a co-working element at all eight of its commercial properties in Hong Kong to boost returns. The strategy shift comes in the wake of a growing demand for such\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-next-wanda-evergrande-is-behaving-like-it-plans-to-delist-in-hong-kong-and-head-for-shanghai\/","url_meta":{"origin":42285,"position":3},"title":"The next Wanda? Evergrande is behaving like it plans to delist in Hong Kong and head for Shanghai","date":"April 26, 2016","format":false,"excerpt":"\r Evergrande Real Estate is actively acquiring stakes in a number of mainland Chinese listed companies, in what may be a part of wider strategic shift to move its equity listing to Shanghai from Hong Kong, although the company\u2019s status as a red chip and its huge offshore de\r \r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-new-world-gets-nod-to-spin-off-k11-shanghai-assets\/","url_meta":{"origin":42285,"position":4},"title":"Hong Kong developer New World gets nod to spin off K11 Shanghai assets","date":"September 21, 2026","format":false,"excerpt":"\r New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong\u2019s wealthiest families. The expected offering size for the NWD C-Reit was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/languishing-in-hong-kong-property-giant-evergrande-taps-share-market-in-china\/","url_meta":{"origin":42285,"position":5},"title":"Languishing in Hong Kong, property giant Evergrande taps share market in China","date":"April 14, 2016","format":false,"excerpt":"\r Hong Kong-listed Evergrande Real Estate, China\u2019s second-largest residential developer has bought a stake in a Shanghai-listed developer and is circling a Shenzhen-listed real estate firm, in signs that the Chinese property major is exploring options in the country\u2019s A-sha\r \r Source : South China Morning Post\r Read more...Languishing in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42285"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=42285"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n8. Sorry, no more strange buildings in China
\n\u201cBig Trousers\u201d, as the CCTV headquarters is nicknamed, may be among the last of strange-looking towers in Chinese cities. Philippe Ruault
\nWeird can be beautiful \u2014 but not to Beijing government officials. China\u2019s State Council issued a directive this year effectively banning the alien-looking feats of architecture that had been cropping up all over the mainland at that point.
\n9. China Property Awards officially returns for third annual show in 2016
\nThe China Property Awards 2016 and Property Report Congress China 2016 were formally launched at Club Lusitano in Hong Kong on 28 July
\nClearly, there was much anticipation for the 2016 iteration of the China Property Awards. The formal launch of the last year\u2019s awards as well as Property Report Congress China in July became our ninth most viewed story in 2016.
\n10. How Sotheby\u2019s and Juwai.com are working around China\u2019s Great Firewall
\nOnline censorship in China is so extensive that it has been nicknamed \u2018The Great Firewall.\u2019 wk1003mike \/ Shutterstock
\nThe Great Firewall of China has been an impediment to web masters hoping to penetrate the country\u2019s vast trove of Internet users. Many sites are censored or outright blocked in the country, from Facebook to Google. Sotheby\u2019s International Realty has been able to work around this obstruction by partnering with China\u2019s largest property portal Juwai.com, and it\u2019s a match made in heaven.
\nRead next: A sustainable Chinese city? There\u2019s no such thing
\n
\nSource : property-report.com
\nRead more…Our top 10 China stories from the Year of the Monkey<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"