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Out with the Old, in with the New - 27 Sep 2014 - Sort by:
Out with the Old, in with the New - 27 Sep 2014
Xintiandi, which means New Heaven and Earth in Chinese, is among the most expensive pieces of real estate in China's financial capital.

Until the 1990s, the area consisted of traditional low-rise houses in narrow alleys, but as China’s economy boomed the neighbourhood transformed into an affluent playground of trendy restaurants, bars and boutiques.
CHINA-PROPERTY/BONDS
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10 Sep. 2014
A cat is seen near houses under demolition in Xintiandi... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
Shanghai, China
A cat is seen near houses under demolition in Xintiandi area, one of the most expensive per square meter of Shanghai, September 10, 2014. China is relaxing its financing rules for listed property firms by allowing those that qualify to sell medium-term notes in the interbank market. A housing slowdown has forced a cash squeeze on some developers. A Reuters study in June showed cash to short-term-debt ratios for some 80 listed property companies were at two-year lows. China's once-heated property market is experiencing its sharpest slowdown in two years as sales and prices turned south after an exceptionally buoyant 2013. REUTERS/ Carlos Barria (CHINA - Tags: BUSINESS POLITICS ANIMALS)
CHINA-PROPERTY/BONDS
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10 Sep. 2014
Old houses (L) are seen in an area under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
A woman walks along an alley of houses under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
A Chinese flag is seen at a house under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
Kids play in an alley with houses under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
A man walks near houses under demolition in Xintiandi... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
Local residents sit at an alley of houses under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
A man walks along an alley of houses under demolition... more
CHINA-PROPERTY/BONDS
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10 Sep. 2014
Houses under demolition a seem at Xintiandi area, one... more
CHINA-PROPERTY/BONDS
RTR45OAJ
10 Sep. 2014
A woman walks along an alley with houses under demolition... more
CHINA-PROPERTY/BONDS
RTR45OCN
10 Sep. 2014
A man walks along an alley of houses under demolition... more
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