{"id":118911,"date":"2020-10-14T10:30:07","date_gmt":"2020-10-14T03:30:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-unaffordable-home-prices-could-hurt-beijings-plan-to-turn-the-greater-bay-area-tech-hub-into-model-city\/"},"modified":"2020-10-14T11:03:42","modified_gmt":"2020-10-14T04:03:42","slug":"shenzhens-unaffordable-home-prices-could-hurt-beijings-plan-to-turn-the-greater-bay-area-tech-hub-into-model-city","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-unaffordable-home-prices-could-hurt-beijings-plan-to-turn-the-greater-bay-area-tech-hub-into-model-city\/","title":{"rendered":"Shenzhen\u2019s unaffordable home prices could hurt Beijing\u2019s plan to turn the Greater Bay Area tech hub into model city"},"content":{"rendered":"


\nBeijing\u2019s blueprint to develop Shenzhen and showcase it a centrepiece of its economic reform and attract talent could hit a major stumbling block in the form of unaffordable housing prices, say analysts.As part of a five-year plan to build the city into a \u201ccore engine\u201d of reform by 2025, Shenzhen has been granted greater autonomy in using rural land for development purposes. The move, which will ease land supply crunch, is aimed at reining in escalating home prices and making the city more\u2026
\n
\nSource : South China Morning Post
\nRead more…Shenzhen\u2019s unaffordable home prices could hurt Beijing\u2019s plan to turn the Greater Bay Area tech hub into model city<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beijing\u2019s blueprint to develop Shenzhen and showcase it a centrepiece of its economic reform and...<\/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-118911","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-uVV","jetpack-related-posts":[{"id":116804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-raises-supply-of-new-homes-as-chinas-tech-hub-moves-to-curb-surging-house-prices\/","url_meta":{"origin":118911,"position":0},"title":"Shenzhen raises supply of new homes as China\u2019s tech hub moves to curb surging house prices","date":"May 31, 2020","format":false,"excerpt":"\r Shenzhen plans to drastically increase the supply of new housing this year, as it ramps up efforts to curb a rapid gain in home prices amid nascent signs of an asset bubble emerging in the post-pandemic period.The city is set to make a further 69,350 flats available by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-success-as-innovation-hub-seen-by-some-as-model-for-all-of-china\/","url_meta":{"origin":118911,"position":1},"title":"Shenzhen\u2019s success as innovation hub seen by some as model for all of China","date":"September 28, 2016","format":false,"excerpt":"\r Last year Steve Guo, an engineer in his 40s living in Shenzhen, China\u2019s hub for technology innovation, sold two small units and bought a four-bedroom apartment through mortgage loans. The two old properties sold for a total of about 7 million yuan while the new one cost almost 12\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-largest-residential-land-sale-since-2001-draws-the-attention-of-more-than-80-chinese-and-hong-kong-developers\/","url_meta":{"origin":118911,"position":2},"title":"Shenzhen\u2019s largest residential land sale since 2001 draws the attention of more than 80 Chinese and Hong Kong developers","date":"June 24, 2019","format":false,"excerpt":"\r More than 80 Chinese and Hong Kong developers are expected to engage in fierce bidding when the tender for five residential sites in Shenzhen opens on Monday, as the city known for its scarce land supply, auctions the largest volume of land in a single day in nearly two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104681,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/everybodys-rushing-for-a-shenzhen-address-betting-tech-investments-will-pick-up-in-greater-bay-area\/","url_meta":{"origin":118911,"position":3},"title":"Everybody\u2019s rushing for a Shenzhen address, betting tech investments will pick up in Greater Bay Area","date":"March 5, 2019","format":false,"excerpt":"\r Eric Ng runs an IT start-up in Hong Kong but he operates a back-office in Shenzhen\u2019s IT cluster of Nanshan. He pays 12,000 yuan (US$1,793) a month in rent for a 30 square metre office in the almost 20-year-old Keyuanxi Building \u2013 40 per cent more than the going\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-pays-us1-63-billion-to-refresh-shenzhens-real-estate-price-record-with-furious-bidding-in-qianhai-district\/","url_meta":{"origin":118911,"position":4},"title":"Logan Property pays US$1.63 billion to refresh Shenzhen\u2019s real estate price record with furious bidding in Qianhai district","date":"May 15, 2020","format":false,"excerpt":"\r A residential land parcel sold for a record price in Shenzhen a day after the Chinese central bank and regulators unveiled a sweeping plan to spur financial services and investments in the Greater Bay Area (GBA).Logan Property Holdings, the record holder for the most expensive land bought in Shenzhen,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108668,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looking-for-a-used-home-in-shenzhen-be-prepared-to-pay-extra-as-sellers-want-more-after-land-sales-fetch-record-prices\/","url_meta":{"origin":118911,"position":5},"title":"Looking for a used home in Shenzhen? Be prepared to pay extra as sellers want more after land sales fetch record prices","date":"July 3, 2019","format":false,"excerpt":"\r Buyers looking for secondary property in Shenzhen will have to pay more as homeowners have raised their asking prices following the record prices achieved in a rare government land tender last month.Developers are betting big on the tech hub, dubbed China\u2019s Silicon Valley, attracting talent on the back of\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\/118911"}],"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=118911"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118911\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}