{"id":119387,"date":"2020-12-01T13:00:05","date_gmt":"2020-12-01T06:00:05","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-12-01T13:04:04","modified_gmt":"2020-12-01T06:04:04","slug":"speculators-zoom-in-on-shenzhen-to-flip-new-homes-for-quick-profit-raising-warning-of-grey-rhino-risks-and-regulators-ire","status":"publish","type":"post","link":"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\/","title":{"rendered":"Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of \u2018grey rhino\u2019 risks and regulators\u2019 ire"},"content":{"rendered":"


\nShenzhen, 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 (US$19,760) per square metre was 28 per cent cheaper than the neighbourhood\u2019s prevailing market price . That attracted more than 10,000 bidders, helping the state-owned\u2026
\n
\nSource : South China Morning Post
\nRead more…Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of \u2018grey rhino\u2019 risks and regulators\u2019 ire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shenzhen, the crucible of China\u2019s economic reforms and the nation\u2019s technology hub, is seeing a...<\/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-119387","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-v3B","jetpack-related-posts":[{"id":6570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculators-flooding-shenzhen-housing-market-warns-xinhua\/","url_meta":{"origin":119387,"position":0},"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":118637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-launches-marital-information-sharing-system-with-banks-to-prevent-speculators-from-posing-as-first-time-buyers\/","url_meta":{"origin":119387,"position":1},"title":"Shenzhen launches marital information-sharing system with banks to prevent speculators from posing as first-time buyers","date":"September 16, 2020","format":false,"excerpt":"\r Shenzhen, China\u2019s answer to Silicon Valley, has set up an information-sharing system that will allow banks to access homebuyers\u2019 marital status, closing a loophole that let married buyers amass property by submitting forged divorce papers and posing as first-time buyers.The city currently allows married couples to buy no more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-average-home-price-rises-for-33rd-month-defying-bank-regulators-warning-of-grey-rhino-spillover-risks\/","url_meta":{"origin":119387,"position":2},"title":"China\u2019s average home price rises for 33rd month, defying bank regulator\u2019s warning of \u2018grey rhino\u2019 spillover risks","date":"December 15, 2020","format":false,"excerpt":"\r China\u2019s residential property market rose for the 33rd straight month in November, prompting the government to continue its drumbeat of market-cooling measures to stave off the kind of risk that led to the 2008 subprime lending crisis in the United States.November\u2019s average home price across 70 cities rose 4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-steps-up-property-buying-curbs-as-beijing-moves-to-boost-growth\/","url_meta":{"origin":119387,"position":3},"title":"Shenzhen steps up property buying curbs as Beijing moves to boost growth","date":"August 1, 2018","format":false,"excerpt":"\r Shenzhen has slapped on more property purchase curbs as first-tier mainland Chinese cities show no sign of easing controls on the sector despite Beijing\u2019s shift towards a more vigorous fiscal policy to boost growth. The new measures announced on Tuesday to target property speculators included restricting property owners to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50980,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/xis-new-dream-city-spurns-speculators-arresting-real-estate-agents-and-shutting-down-shops\/","url_meta":{"origin":119387,"position":4},"title":"Xi\u2019s new dream city spurns speculators, arresting real estate agents and shutting down shops","date":"April 5, 2017","format":false,"excerpt":"\r At least seven people have been arrested, 71 sales offices for property projects closed, and 35 real estate agency shops shut down in the region of the Xiongan New Area in the last four days to clamp down on property speculation. The new district in Hebei province was envisioned\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homeowners-seize-building-collapse-opportunity-to-make-a-quick-profit-raise-prices-by-20-per-cent\/","url_meta":{"origin":119387,"position":5},"title":"Shenzhen homeowners seize building collapse opportunity to make a quick profit, raise prices by 20 per cent","date":"August 30, 2019","format":false,"excerpt":"\r One would expect a building collapse to be disastrous for home prices. But in Shenzhen prices have zoomed up instead.Homeowners in a residential estate in the southern Chinese city where a building collapsed on Wednesday morning raised their prices by nearly 20 per cent within 24 hours of the\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\/119387"}],"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=119387"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119387\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}