{"id":118652,"date":"2020-09-16T18:00:11","date_gmt":"2020-09-16T11:00:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-home-foreclosures-soar-as-nations-debt-fuelled-property-bull-run-sputters-on-falling-income-and-dim-job-prospects\/"},"modified":"2020-09-16T19:04:12","modified_gmt":"2020-09-16T12:04:12","slug":"chinas-home-foreclosures-soar-as-nations-debt-fuelled-property-bull-run-sputters-on-falling-income-and-dim-job-prospects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-home-foreclosures-soar-as-nations-debt-fuelled-property-bull-run-sputters-on-falling-income-and-dim-job-prospects\/","title":{"rendered":"China\u2019s home foreclosures soar as nation\u2019s debt-fuelled property bull run sputters on falling income and dim job prospects"},"content":{"rendered":"


\nChina\u2019s property foreclosures soared this year, as deteriorating job prospects and shrinking income amid the worst economic contraction in decades combined to weigh down on borrowers\u2019 repayment ability, putting an end to the country\u2019s debt-fuelled real estate rally.As many as 1.25 million homes were foreclosed in China as of September 16, according to the Taobao e-commerce platform operated by this newspaper\u2019s owner Alibaba Group Holding, compared to 300,000 in 2019 and 180,000 foreclosures put\u2026
\n
\nSource : South China Morning Post
\nRead more…China\u2019s home foreclosures soar as nation\u2019s debt-fuelled property bull run sputters on falling income and dim job prospects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s property foreclosures soared this year, as deteriorating job prospects and shrinking income amid the...<\/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-118652","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-uRK","jetpack-related-posts":[{"id":78647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-regulator-pours-cold-water-on-debt-fuelled-land-purchases-starting-with-shanghai\/","url_meta":{"origin":118652,"position":0},"title":"China\u2019s regulator pours cold water on debt-fuelled land purchases, starting with Shanghai","date":"February 1, 2018","format":false,"excerpt":"\r China\u2019s banking regulator has instructed lenders to tighten their scrutiny of loans for mergers and acquisitions to ensure that capital isn\u2019t diverted to buy land, dousing the debt-fuelled boom in second-hand land sales as developers sought to find land to build on. Banks must comply with current policies on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-hui-ka-yans-childhood-dreams-fuelled-a-debt-binge-and-audacious-goal-that-has-left-the-world-on-tenterhooks\/","url_meta":{"origin":118652,"position":1},"title":"Evergrande: Hui Ka-yan\u2019s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks","date":"September 25, 2021","format":false,"excerpt":"\r The first of a three-part series on the China Evergrande Group looks at how the world\u2019s most indebted developer grew to its current size and how it avoided scrutiny when China\u2019s authorities cracked down on debt in 2017.On an overcast Monday in early 2017, Hui Ka-yan chaired a staff\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/end-of-the-road-for-chinas-property-policy-easing\/","url_meta":{"origin":118652,"position":2},"title":"End of the road for China\u2019s property policy easing?","date":"May 10, 2016","format":false,"excerpt":"\r It could be curtains for the loose policy environment in China\u2019s property sector after warnings by a People\u2019s Daily article against debt-fuelled growth, say analysts.\r \r Source : South China Morning Post\r Read more...End of the road for China\u2019s property policy easing?","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-100000-property-developers-are-bracing-for-an-industry-shakeout-as-economic-growth-sputters\/","url_meta":{"origin":118652,"position":3},"title":"China\u2019s 100,000 property developers are bracing for an industry shakeout as economic growth sputters","date":"November 1, 2018","format":false,"excerpt":"\r The marketing materials for Ruyi Island, a man-made chunk of land about three miles (five kilometres) northeast of the capital of China\u2019s Hainan province, depict a utopia for the wealthy. An artist\u2019s impression shows families strolling along marina boardwalks strung with fairy lights and villas nestled around palm tree-lined\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-million-dollar-former-economist-says-his-counsel-fell-on-deaf-ears-as-he-disowns-developers-debt-fuelled-growth\/","url_meta":{"origin":118652,"position":4},"title":"Evergrande\u2019s million-dollar former economist says his counsel fell on deaf ears as he disowns developer\u2019s debt-fuelled growth","date":"October 11, 2021","format":false,"excerpt":"\r Ren Zeping, China Evergrande Group\u2019s ex-chief economist and the country\u2019s highest paid strategist, has disowned the leveraged diversification and debt-fuelled acquisitions of his former employer, as the world\u2019s most indebted developer faces another string of bond payments this week.The former head of the Evergrande Research Institute \u2013 with an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-china-put-itself-at-risk-of-a-real-estate-bubble\/","url_meta":{"origin":118652,"position":5},"title":"Has China put itself at risk of a real estate bubble?","date":"July 11, 2016","format":false,"excerpt":"\r The Chinese government are hopeful they will inspire the next Jack Ma, but at what cost? Experts warn of a potential \u201cextremely large\u201d property bubble in China. Image credit: Asgeir Kolberg (Flickr) Amid a quest to make way to the next Alibaba, China\u2019s property market could be placing itself\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\/118652"}],"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=118652"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118652\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}