{"id":115914,"date":"2020-04-28T17:30:13","date_gmt":"2020-04-28T10:30:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-homebuyers-go-on-revenge-spending-binge-as-cities-emerge-from-coronavirus-lockdowns\/"},"modified":"2020-04-28T18:03:11","modified_gmt":"2020-04-28T11:03:11","slug":"chinese-homebuyers-go-on-revenge-spending-binge-as-cities-emerge-from-coronavirus-lockdowns","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-homebuyers-go-on-revenge-spending-binge-as-cities-emerge-from-coronavirus-lockdowns\/","title":{"rendered":"Chinese homebuyers go on \u2018revenge spending\u2019 binge as cities emerge from coronavirus lockdowns"},"content":{"rendered":"


\nA property buying fever has gripped mainland Chinese homebuyers, who are indulging in some \u201crevenge spending\u201d on property as coronavirus lockdowns are lifted in major cities across the country.All 160 units at a newly launched luxury project in Shanghai, selling for 17 million yuan (US$2.4 million) to 78 million yuan, were snapped up on Monday. The lucky few who got to buy these homes were drawn from a pool of about 500 applicants, who had to queue up last week and deposit 6 million yuan for\u2026
\n
\nSource : South China Morning Post
\nRead more…Chinese homebuyers go on \u2018revenge spending\u2019 binge as cities emerge from coronavirus lockdowns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A property buying fever has gripped mainland Chinese homebuyers, who are indulging in some \u201crevenge...<\/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-115914","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-u9A","jetpack-related-posts":[{"id":127353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-may-miss-instalment-payment-on-4-billion-yuan-bond-as-lockdowns-pile-pressure-on-beleaguered-chinese-developer\/","url_meta":{"origin":115914,"position":0},"title":"Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","date":"June 25, 2022","format":false,"excerpt":"\r Sunac was supposed to repay 400 million yuan in a second instalment payment on the bond on June 30.\r \r Source : South China Morning Post\r Read more...Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zhangzhou-offers-subsidies-of-up-to-us4321-to-homebuyers-as-more-cities-move-to-spur-struggling-housing-market\/","url_meta":{"origin":115914,"position":1},"title":"Zhangzhou offers subsidies of up to US$4,321 to homebuyers as more cities move to spur struggling housing market","date":"December 30, 2022","format":false,"excerpt":"\r The city in the Chinese coastal province of Fujian pledged to hand out subsidies of up to 30,000 yuan (US$4,321) to homebuyers as part of a policy package to support the property market.\r \r Source : South China Morning Post\r Read more...Zhangzhou offers subsidies of up to US,321 to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-spending-binge-on-land-acquisitions-unabated-as-it-triples-to-us228-billion-from-five-years-ago\/","url_meta":{"origin":115914,"position":2},"title":"Chinese developers\u2019 spending binge on land acquisitions unabated as it triples to US$228 billion from five years ago","date":"December 2, 2020","format":false,"excerpt":"\r China\u2019s top 20 developers have tripled their spending on land acquisitions in the first nine months of this year compared to five years ago, with most of it focused on \u201cnew first tier\u201d cities such as Wuhan, according to a report from a leading research firm.The top players including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-zhenro-and-china-overseas-post-falling-profits-as-clampdown-adds-to-dimming-economic-prospects-in-driving-homebuyers-to-the-sidelines\/","url_meta":{"origin":115914,"position":3},"title":"Vanke, Zhenro and China Overseas post falling profits as clampdown adds to dimming economic prospects in driving homebuyers to the sidelines","date":"April 1, 2022","format":false,"excerpt":"\r Several Chinese property developers have reported plunging 2021 profits, as a clampdown on home prices combined with dimming economic prospects to deter buyers from committing to big-ticket purchases during the Covid-19 pandemic. China Vanke, the country\u2019s third-largest real estate company by sales, said its core net profit halved to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":115914,"position":4},"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":99598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-slashes-project-price-by-40-per-cent-offers-200000-yuan-to-first-round-of-homebuyers-for-design-change\/","url_meta":{"origin":115914,"position":5},"title":"China Vanke slashes project price by 40 per cent, offers 200,000 yuan to first round of homebuyers for \u2018design change\u2019","date":"October 11, 2018","format":false,"excerpt":"\r China Vanke, the country\u2019s second-largest property developer by sales, on Wednesday said it was offering 200,000 yuan (US$28,800) in compensation to buyers at its Shoukai-Vanke Bailujun Project in Xiamen for \u201cdesign adjustments\u201d. The offer comes after Vanke recently lowered the selling prices of the project, which has been on\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\/115914"}],"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=115914"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115914\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}