{"id":105173,"date":"2019-03-20T07:00:08","date_gmt":"2019-03-20T00:00:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-first-home-buyers-desperate-to-get-on-the-property-ladder-are-hoodwinked-into-signing-away-their-recourse-rights\/"},"modified":"2019-03-20T09:03:11","modified_gmt":"2019-03-20T02:03:11","slug":"chinas-first-home-buyers-desperate-to-get-on-the-property-ladder-are-hoodwinked-into-signing-away-their-recourse-rights","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-first-home-buyers-desperate-to-get-on-the-property-ladder-are-hoodwinked-into-signing-away-their-recourse-rights\/","title":{"rendered":"China\u2019s first-home buyers, desperate to get on the property ladder, are hoodwinked into signing away their recourse rights"},"content":{"rendered":"


\nIt was ninth time lucky for Frank Chen when he finally secured his dream home, an 89-square-metre (958 square feet) flat under construction in northern Hangzhou.After eight failed attempts, the 33-year-old defied the odds in January and was drawn from the hat in a public property lottery \u2013 a common method of allocating units in oversubscribed housing projects in China.He was about to hand over the deposit on his 2,492,000 yuan (US$371,000) home when, to his surprise, the developer asked him to\u2026
\n
\nSource : South China Morning Post
\nRead more…China\u2019s first-home buyers, desperate to get on the property ladder, are hoodwinked into signing away their recourse rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It was ninth time lucky for Frank Chen when he finally secured his dream home,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105173","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rml","jetpack-related-posts":[{"id":35816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/price-rises-bane-for-buyers-builders\/","url_meta":{"origin":105173,"position":0},"title":"Price rises bane for buyers, builders","date":"November 25, 2016","format":false,"excerpt":"\r Heat is building in the apartment industry as developers hike off-the-plan prices, even if buyers desperate to get on the property ladder have a contract.Buyers say they often cannot afford the new prices. But cancelling means they...\r \r Source : nzherald.co.nz\/Property\r Read more...Price rises bane for buyers, builders","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/price-rises-bane-for-buyers-builders-2\/","url_meta":{"origin":105173,"position":1},"title":"Price rises bane for buyers, builders","date":"November 25, 2016","format":false,"excerpt":"\r Heat is building in the apartment industry as developers hike off-the-plan prices, even if buyers desperate to get on the property ladder have a contract.Buyers say they often cannot afford the new prices. But cancelling means they...\r \r Source : nzherald.co.nz\/Property\r Read more...Price rises bane for buyers, builders","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-rise-hefty-apartment-price-hikes-stun-auckland-buyers\/","url_meta":{"origin":105173,"position":2},"title":"High rise: Hefty apartment price hikes stun Auckland buyers","date":"November 25, 2016","format":false,"excerpt":"\r Heat is building in the apartment industry as developers hike off-the-plan prices, even if buyers desperate to get on the property ladder have a contract.Buyers say they often cannot afford the new prices. But cancelling means they...\r \r Source : nzherald.co.nz\/Property\r Read more...High rise: Hefty apartment price hikes stun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-affordable-housing-project-aimed-at-getting-first-time-buyers-in-hong-kong-on-property-ladder\/","url_meta":{"origin":105173,"position":3},"title":"New World\u2019s affordable housing project aimed at getting first-time buyers in Hong Kong on property ladder","date":"May 16, 2022","format":false,"excerpt":"\r A proposal has been submitted to the Town Planning Board to build about 300 flats, with sizes ranging from 300 sq ft to 400 square feet in Yuen Long, New World Build for Good, NWD\u2019s social enterprise unit, said.\r \r Source : South China Morning Post\r Read more...New World\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-rise-hefty-apartment-price-hikes-stun-auckland-buyers-2\/","url_meta":{"origin":105173,"position":4},"title":"High rise: Hefty apartment price hikes stun Auckland buyers","date":"November 25, 2016","format":false,"excerpt":"\r Heat is building in the apartment industry as developers hike off-the-plan prices, even if buyers desperate to get on the property ladder have a contract.Buyers say they often cannot afford the new prices. But cancelling means they...\r \r Source : nzherald.co.nz\/Property\r Read more...High rise: Hefty apartment price hikes stun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nano-flats-expected-to-flood-the-hong-kong-market-as-first-time-buyers-continue-to-struggle-to-take-first-step-onto-the-property-ladder\/","url_meta":{"origin":105173,"position":5},"title":"Nano flats expected to flood the Hong Kong market as first-time buyers continue to struggle to take first step onto the property ladder","date":"October 26, 2017","format":false,"excerpt":"\r At least 2,100 nano flats are expected to be completed between now and 2020 in Hong Kong, to lure more young homebuyers into getting their first foot on the property ladder in the world\u2019s most expensive housing market. The new supply of the flats (classed as saleable areas below\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105173"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105173"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105173\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}