Connect with us
CGIF-10th-Year-Anniversary

China

The new real estate bubble in Shanghai : cementeries

The battle for land in Shanghai is entering a tumultuous new phase as the city faces the need to allocate more space for the dead amid soaring prices of burial sites.

Avatar

Published

on

The battle for land in Shanghai is entering a tumultuous new phase as the city faces the need to allocate more space for the dead amid soaring prices of burial sites.

A tomb site of less than one square metre in Shanghai now carries a price tag of as much as 50,000 yuan HK$62,155 – more than double the average 22,500 yuan per square metre paid for a home in the city at the end of last year.

Expiring gets expensive as Shanghai cemeteries fill up | South China Morning Post

The soaring prices of burial sites come against a backdrop of tight land supply and have triggered mounting concerns over the local government’s land policies, particularly among the city’s senior citizens who face the prospect of having to provide for their burials.

A tomb site buying spree took place early this month during the Ching Ming festival – the traditional time for visiting the graves of ancestors.

“It seems that a jump in the price of a tomb turned out to be more frightening than a jump in housing prices,”

said Liu Jiancheng, a 60-year-old retired worker.

“As long as we can afford to do so now, we are seriously considering buying a tomb. Otherwise we fear we may not be able to afford to die if the price keeps climbing.”

via Expiring gets expensive as Shanghai cemeteries fill up | South China Morning Post.

Comments

China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Avatar

Published

on

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

(more…)
Continue Reading

China

Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Olivier Languepin

Published

on

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

(more…)
Continue Reading

Business

Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Avatar

Published

on

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,431 other subscribers

Trending