{"id":121853,"date":"2021-09-07T06:30:23","date_gmt":"2021-09-06T23:30:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homebuyers-look-forward-to-cheaper-apartments-after-city-lowers-cap-on-land-and-home-prices\/"},"modified":"2021-09-07T07:17:46","modified_gmt":"2021-09-07T00:17:46","slug":"shenzhen-homebuyers-look-forward-to-cheaper-apartments-after-city-lowers-cap-on-land-and-home-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homebuyers-look-forward-to-cheaper-apartments-after-city-lowers-cap-on-land-and-home-prices\/","title":{"rendered":"Shenzhen homebuyers look forward to cheaper apartments after city lowers cap on land and home prices"},"content":{"rendered":"


\nHomebuyers in Shenzhen, China\u2019s technology hub, are looking forward to cheaper prices after the local government cut its asking price for land by 12.7 billion yuan (US$1.9 billion).The sale of 22 lots of land slated for August 9 was called off by the government, and when it was rescheduled for September 28, the cap on the price of each site and the homes to be built on these lots had been lowered.\u201cIn theory, home prices should go down when land prices are becoming cheaper and the capped home\u2026
\n
\nSource : South China Morning Post
\nRead more…Shenzhen homebuyers look forward to cheaper apartments after city lowers cap on land and home prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers in Shenzhen, China\u2019s technology hub, are looking forward to cheaper prices after the local...<\/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-121853","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-vHn","jetpack-related-posts":[{"id":113475,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-turn-to-old-charm-lower-tier-cities-for-cheaper-land-bank-as-prices-in-beijing-shenzhen-soar\/","url_meta":{"origin":121853,"position":0},"title":"China developers turn to old-charm lower-tier cities for cheaper land bank as prices in Beijing, Shenzhen soar","date":"January 8, 2020","format":false,"excerpt":"\r Skyrocketing land prices in Beijing and Shenzhen are forcing some of China\u2019s biggest developers to scour for cheaper land bank in lower-tier cities in northern and western regions while authorities tightened financing to temper credit risks in speculative hotbeds.Taiyuan, the largest city in the northern province of Shanxi and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-grocers-feel-pain-as-locals-rush-to-shenzhen-for-cheaper-prices-luxury-and-experiential-retailers-fare-better\/","url_meta":{"origin":121853,"position":1},"title":"Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better","date":"March 31, 2024","format":false,"excerpt":"\r Trends are likely to cap any rental gains in the retail property segment, where recovery will proceed in a gradual manner, analysts say.\r \r Source : South China Morning Post\r Read more...Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117904,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tighter-rules-sky-high-prices-in-shenzhen-will-send-homebuyers-flocking-to-investor-paradise-huizhou-say-analysts\/","url_meta":{"origin":121853,"position":2},"title":"Tighter rules, sky-high prices in Shenzhen will send homebuyers flocking to \u2018investor paradise\u2019 Huizhou, say analysts","date":"July 22, 2020","format":false,"excerpt":"\r The southern Chinese city of Huizhou could become a \u201cparadise\u201d for investors from nearby Shenzhen after the latter tightened its rules for home purchases last week, and with the travelling time between the two cities set to be cut by half next year.Home prices in Huizhou saw the second-biggest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136027,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-scraps-use-of-guide-prices-in-mortgage-applications-to-boost-homebuyers-spending-power-revive-flagging-market\/","url_meta":{"origin":121853,"position":3},"title":"Shenzhen scraps use of guide prices in mortgage applications to boost homebuyers\u2019 spending power, revive flagging market","date":"April 21, 2023","format":false,"excerpt":"\r Home loans will no longer be pegged to the reference prices that were imposed in February 2021 to curb the soaring home prices blighting the market at the time, said several agents and landlords who claimed they had checked with local banks.\r \r Source : South China Morning Post\r\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":121853,"position":4},"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 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