Here is a list of the day’s latest China real estate news collected from around the web:
- Mandarin Becoming the Second Language of Luxury
Mandarin is slowly becoming the second language of business, according to not one, not two, but three articles in The New York Times over the weekend. A front-page story in Sunday’s paper noted that high-end retailers have begun to employ salespeople who speak Chinese to handle the rising numbers of well-funded tourists from the People’s Republic.
- Tuning sales pitch to celebrities’ homes
An apartment labeled as the former residence of a famous Chinese calligrapher and ideologue has sparked controversy over the cultural value of property in Shanghai, amid a slowdown in the real estate sector. The 210 square meter apartment, priced at 9.5 million yuan ($1.5 million) or about 45,240 yuan per square meter, is said to be the former home of Kang Youwei (1825-1927), a pro-reformist scholar, thinker and artist who advocated constitutional monarchy during the late Qing dynasty (1644-1911) period.
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