{"id":111955,"date":"2019-10-28T18:43:32","date_gmt":"2019-10-28T11:43:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-property-sale-lottery-locks-up-us2-billion-in-deposits-the-largest-in-the-citys-history\/"},"modified":"2019-10-28T19:31:57","modified_gmt":"2019-10-28T12:31:57","slug":"shenzhen-property-sale-lottery-locks-up-us2-billion-in-deposits-the-largest-in-the-citys-history","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-property-sale-lottery-locks-up-us2-billion-in-deposits-the-largest-in-the-citys-history\/","title":{"rendered":"Shenzhen property sale lottery locks up US$2 billion in deposits \u2013 the largest in the city\u2019s history"},"content":{"rendered":"


\nA frenzied luxury home sale has locked up nearly 14 billion yuan (US$2 billion) in deposits from more than 2,700 interested buyers in Shenzhen \u2013 the largest in the tech hub\u2019s history. However, some analysts are saying that the \u201cmarket is overheated\u201d after Beijing anointed the city as a \u201cpilot zone\u201d in August.A total of 2,794 individuals have each deposited 5 million yuan in banks to sign up for the flat sale lottery of project Sky Park, its state-owned developer Shenzhen Investment Holdings\u2026
\n
\nSource : South China Morning Post
\nRead more…Shenzhen property sale lottery locks up US billion in deposits \u2013 the largest in the city\u2019s history<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A frenzied luxury home sale has locked up nearly 14 billion yuan (US$2 billion) in...<\/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-111955","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-t7J","jetpack-related-posts":[{"id":89874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homebuyers-splash-out-us780000-deposit-for-chance-to-buy-price-controlled-flats\/","url_meta":{"origin":111955,"position":0},"title":"Shenzhen homebuyers splash out US$780,000 deposit for chance to buy price controlled flats","date":"May 30, 2018","format":false,"excerpt":"\r One Shenzhen property developer has set a new benchmark for eager homebuyers in this southern Chinese city, requiring deposits of 5 million yuan (US$778,990.40) to enter a lottery to be selected for the 167 units that will go on sale Wednesday. The refundable fee is required to register for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit\/","url_meta":{"origin":111955,"position":1},"title":"Vanke stake sale smooths way for Evergrande\u2019s much-prized Shenzhen IPO, despite US$1b hit","date":"June 13, 2017","format":false,"excerpt":"\r Despite taking a hefty loss of 7 billion yuan (US$1 billion), China Evergrande Group is still considered very \u201clucky\u201d to have extracted itself from the China Vanke takeover saga, according to analysts. Evergrande, China\u2019s largest property developer, revealed its holding in housebuilder Vanke was sold to Shenzhen Metro Group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-sells-21-of-the-22-plots-in-citys-second-land-sale-this-year-fetching-the-government-us7-billion\/","url_meta":{"origin":111955,"position":2},"title":"Shenzhen sells 21 of the 22 plots in city\u2019s second land sale this year, fetching the government US$7 billion","date":"September 29, 2021","format":false,"excerpt":"\r Shenzhen, China\u2019s least affordable city to own a home, on Tuesday sold all but one of 22 plots even after the government capped the prices of new flats to help more people get on the property ladder.The 21 sites fetched 45.3 billion yuan (US$7 billion), just 7.34 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-raises-another-us9bn-to-cut-debt-ahead-of-shenzhen-listing\/","url_meta":{"origin":111955,"position":3},"title":"China Evergrande raises another US$9bn to cut debt ahead of Shenzhen listing","date":"November 6, 2017","format":false,"excerpt":"\r China Evergrande Group, the country\u2019s largest property developer by sales, has raised another 60 billion yuan (US$9 billion) from strategic investors as it looks to further reduce debt ahead of the listing of its property arm, Hengda Real Estate, on the Shenzhen Stock Exchange. The latest funding, the third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-government-vanke-team-up-on-first-public-private-partnership-senior-living-project\/","url_meta":{"origin":111955,"position":4},"title":"Shenzhen government, Vanke team up on first public-private partnership senior living project","date":"December 29, 2016","format":false,"excerpt":"\r Shenzhen, China\u2019s third largest city, is teaming up with the country\u2019s largest homebuilder to jointly develop its first-ever public-private partnership senior living community project, as part of the city\u2019s reforms aimed at addressing a shortage of health care facilities. China Vanke, the Shenzhen-based developer with annual sales surpassing 200\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homebuyers-look-forward-to-cheaper-apartments-after-city-lowers-cap-on-land-and-home-prices\/","url_meta":{"origin":111955,"position":5},"title":"Shenzhen homebuyers look forward to cheaper apartments after city lowers cap on land and home prices","date":"September 7, 2021","format":false,"excerpt":"\r Homebuyers in Shenzhen, China\u2019s technology hub, are looking forward to cheaper prices after the local government cut its asking price for land by 12.7 billion yuan (US$1.9 billion).The sale of 22 lots of land slated for August 9 was called off by the government, and when it was rescheduled\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\/111955"}],"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=111955"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111955\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}