{"id":117310,"date":"2020-06-24T10:30:08","date_gmt":"2020-06-24T03:30:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-chinese-property-developers-betting-on-revenge-spending-could-go-bankrupt-instead\/"},"modified":"2020-06-24T11:03:01","modified_gmt":"2020-06-24T04:03:01","slug":"small-chinese-property-developers-betting-on-revenge-spending-could-go-bankrupt-instead","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-chinese-property-developers-betting-on-revenge-spending-could-go-bankrupt-instead\/","title":{"rendered":"Small Chinese property developers betting on \u2018revenge spending\u2019 could go bankrupt instead"},"content":{"rendered":"


\nShanghai-based Zhenro Properties plans to build up its land bank this year by acquiring plots during distress sales by smaller companies.The top-tier developer believes underperforming smaller property companies will be forced to offload projects in the second half of the year, with some filing for bankruptcy, and will not buy all its land at expensive government auctions.\u201cAbout 20 per cent to 30 per cent of home builders will be gone [in the next couple of years]. Some will just exit the\u2026
\n
\nSource : South China Morning Post
\nRead more…Small Chinese property developers betting on \u2018revenge spending\u2019 could go bankrupt instead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shanghai-based Zhenro Properties plans to build up its land bank this year by acquiring plots...<\/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-117310","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-uw6","jetpack-related-posts":[{"id":123404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/major-chinese-cities-cut-land-auction-prices-by-up-to-20-per-cent-to-lure-cash-strapped-developers-amid-market-gloom\/","url_meta":{"origin":117310,"position":0},"title":"Major Chinese cities cut land auction prices by up to 20 per cent to lure cash-strapped developers amid market gloom","date":"November 24, 2021","format":false,"excerpt":"\r Major cities in China are slashing the price of land they are auctioning off in an effort to attract bids from cash-strapped property developers facing a market downturn.Beijing put 12 parcels of land on the market on November 19, including two in eastern Chaoyang district with a combined reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-land-auction-premiums-rebound-as-credit-taps-reopen-to-developers\/","url_meta":{"origin":117310,"position":1},"title":"China's land auction premiums rebound as credit taps reopen to developers","date":"April 12, 2019","format":false,"excerpt":"\r Chinese developers have become more aggressive in acquiring land at auction in second-tier cities, emboldened by improved financing and a stronger sales outlook.The average land auction premium over starting bidding prices in 300 major Chinese cities monitored by property consultancy China Index Academy rose to 23.7 per cent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-adopt-low-profile-approach-to-land-buys\/","url_meta":{"origin":117310,"position":2},"title":"Chinese developers adopt low profile approach to land buys","date":"February 27, 2018","format":false,"excerpt":"\r Chinese developers are changing the way they acquire land in Hong Kong, shying away from headline-grabbing public land auctions in favour of private sales, amid continuing scrutiny by mainland authorities on overseas property investments. Last year China\u2019s 12 biggest developers generated 2.55 trillion yuan (US$404.63 billion) in revenue from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83267,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-report-strong-profits-but-credit-curbs-could-spell-trouble\/","url_meta":{"origin":117310,"position":3},"title":"Chinese developers report strong profits but credit curbs could spell trouble","date":"March 21, 2018","format":false,"excerpt":"\r Mainland property developers have posted strong earnings for 2017, but liquidity remains a concern as Beijing keeps a tight lid on financing to cool the housing market.\u00a0 All four Chinese developers listed in Hong Kong that released their annual results on Tuesday reported strong growth in revenue and profits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developers-eye-hong-kongs-ageing-residential-blocks-for-redevelopment\/","url_meta":{"origin":117310,"position":4},"title":"Mainland Chinese developers eye Hong Kong\u2019s ageing residential blocks for redevelopment","date":"October 18, 2018","format":false,"excerpt":"\r A wave of mainland Chinese firms have started hunting for old buildings in Hong Kong\u2019s urban areas, in a bid to acquire cheap land for redevelopment in the world\u2019s most expensive property market. As of October 4, there were 25 applications submitted by developers for compulsory en-bloc sale, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-lose-appetite-for-land-in-greater-bay-area-as-weaker-sales-tighter-credit-clip-their-wings\/","url_meta":{"origin":117310,"position":5},"title":"Chinese developers lose appetite for land in Greater Bay Area as weaker sales, tighter credit clip their wings","date":"October 8, 2019","format":false,"excerpt":"\r Chinese developers have been losing their appetite for land in the Greater Bay Area (GBA) as they find themselves short of funds amid weakening property sales and a government crackdown on debt, new figures show.Ninety-three parcels of land were snapped up by the 20 major developers tracked by data\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\/117310"}],"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=117310"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117310\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}