{"id":117106,"date":"2020-06-13T06:00:22","date_gmt":"2020-06-12T23:00:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-housing-watchdog-vows-to-rein-in-buying-frenzy-after-police-disbursed-3000-people-queuing-at-new-project-launch\/"},"modified":"2020-06-13T07:04:09","modified_gmt":"2020-06-13T00:04:09","slug":"shenzhen-housing-watchdog-vows-to-rein-in-buying-frenzy-after-police-disbursed-3000-people-queuing-at-new-project-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-housing-watchdog-vows-to-rein-in-buying-frenzy-after-police-disbursed-3000-people-queuing-at-new-project-launch\/","title":{"rendered":"Shenzhen housing watchdog vows to rein in buying frenzy after police disbursed 3,000 people queuing at new project launch"},"content":{"rendered":"


\nShenzhen\u2019s housing watchdog has called for an end to sales gimmicks in a bid to take the heat out of a buying frenzy gripping the southern Chinese city.The move followed crazed scenes at the launch of a new development in the city\u2019s Guangming district as 3,000 people shrugged off concerns about Covid-19 and queued on Wednesday evening to enter a draw for the right to buy one of just 394 homes. Police had to help disburse the crowd before the tickets for the lottery-style selection process\u2026
\n
\nSource : South China Morning Post
\nRead more…Shenzhen housing watchdog vows to rein in buying frenzy after police disbursed 3,000 people queuing at new project launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shenzhen\u2019s housing watchdog has called for an end to sales gimmicks in a bid to...<\/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-117106","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-usO","jetpack-related-posts":[{"id":124233,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-buying-frenzy-cools-in-shenzhen-as-investors-stay-away-from-new-residential-projects-in-chinas-silicon-valley\/","url_meta":{"origin":117106,"position":0},"title":"Property buying frenzy cools in Shenzhen as investors stay away from new residential projects in China\u2019s Silicon Valley","date":"January 14, 2022","format":false,"excerpt":"\r The chill sweeping through China\u2019s housing market is being felt in Shenzhen, China\u2019s Silicon Valley. There are few takers for houses in the once red-hot market as buyers are watching from the sidelines since the start of this year.The 353-unit Shangjing, the year\u2019s first launch on January 2, has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-announces-ban-penalty-on-property-cheats-as-homebuyers-try-new-tricks-to-profit-from-red-hot-market\/","url_meta":{"origin":117106,"position":1},"title":"Shenzhen announces ban, penalty on property cheats as homebuyers try new tricks to profit from red-hot market","date":"January 24, 2021","format":false,"excerpt":"\r Shenzhen\u2019s local government will slap a three-year ban on residents who provide false information on new property purchases to stamp out cheats, after authorities discovered 12 fraud cases at a new housing project.Authorities in China\u2019s wealthiest city in southern Guangdong province announced the penalty on Saturday after witnessing a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-leads-the-way-as-china-turns-to-property-investment-frenzy-to-boost-growth\/","url_meta":{"origin":117106,"position":2},"title":"Shenzhen leads the way as China turns to property investment frenzy to boost growth","date":"June 26, 2020","format":false,"excerpt":"\r Property investment has surged across cities in China, especially across the border from Hong Kong in Shenzhen, even though the broad economy is still struggling amid coronavirus pandemic, a trend that runs against Beijing\u2019s intention of channelling more funds into farms and factories instead of office towers.Investment into real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119387,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculators-zoom-in-on-shenzhen-to-flip-new-homes-for-quick-profit-raising-warning-of-grey-rhino-risks-and-regulators-ire\/","url_meta":{"origin":117106,"position":3},"title":"Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of \u2018grey rhino\u2019 risks and regulators\u2019 ire","date":"December 1, 2020","format":false,"excerpt":"\r Shenzhen, the crucible of China\u2019s economic reforms and the nation\u2019s technology hub, is seeing a buying frenzy in residential property, as a government-imposed price cap created arbitrage opportunities for speculators to make quick profits.At CR Land\u2019s CR City project in Nanshan district, the average price capped at 130,000 yuan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculators-flooding-shenzhen-housing-market-warns-xinhua\/","url_meta":{"origin":117106,"position":4},"title":"Speculators flooding Shenzhen housing market, warns Xinhua","date":"March 2, 2016","format":false,"excerpt":"\r A report on Shenzhen\u2019s frenzied housing market by the government-run news agency Xinhua on Wednesday warned of increasing leverage risks and called for further tightening measures to rein in the market.\r \r Source : South China Morning Post\r Read more...Speculators flooding Shenzhen housing market, warns Xinhua","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auckland-house-prices-buying-frenzy-tipped-after-reserve-bank-announcements\/","url_meta":{"origin":117106,"position":5},"title":"Auckland house prices: Buying frenzy tipped after Reserve Bank announcements","date":"November 12, 2020","format":false,"excerpt":"\r New Zealand's red-hot housing market could soar to unseen heights this summer as home buyers scramble to buy before tougher home loan lending rules are rushed back in.House prices were already running at record levels in recent...\r \r Source : nzherald.co.nz\/Property\r Read more...Auckland house prices: Buying frenzy tipped after\u2026","rel":"","context":"In "Property 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