Faced with curbs on luxury residences and fundraising at home, China’s biggest mainland-listed property developer is building apartments for wealthy Chinese in Singapore and raising debt in the city’s currency.
Home prices near an area that Shanghai has designated as a free-trade zone have surged 30 percent amid expectations the development will boost housing values, according to China’s second-biggest property brokerage.
Dalian Wanda Group, the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe’s tallest residential tower.
All real estate markets are local, says the industry axiom, one that China’s central government is painfully aware of as its efforts to rein in home prices are undermined by uncooperative municipal authorities.
Despite the crowing provocation of its title, “C*ck” is a conventional love triangle with a twist. None of the three main characters is much of a catch, particularly the indecisive young two-timer who’s considered the prize of the competition.