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Traditional chinese houses - from the countryside into the city (with million dollar profits too)
Old houses in China's countryside are being dismantled and reassembled for the nation's new rich.
Very interesting article in the China daily talking about the resale market for Ming and Qing dynasty Chinese traditional homes which are disassembled, transported, repaired and then resold to restaurants, clubs or wealthy collectors. Now this is an interesting topic which I could easily get lost in as it just touches on so many interesting elements from Hui Zhou architecture to Chinese antique restorations to wooden architectural carvings.
The article is basically a slimmed down version of another Chinese language article floating around the net. Its not a bad article, though it leaves out some of the more interesting details like such as how the industry works.
For example, the middlemen buyers tend to be divided up amongst two categories: those with ample capital and those who as essentially un-financed. Essentially those who are “un-financed” will buy the house and resell it right away to recoup their investment at a 20 to 30% profit margin. “Financed sellers” are those who have enough spare capital to buy the house, undertake all the repair and restoration work and then resell it in restored form at a 40 to 50 % profit.
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