{"id":123304,"date":"2021-11-19T07:30:20","date_gmt":"2021-11-19T00:30:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-tells-staff-to-cut-spending-on-travel-gifts-as-even-the-most-financially-stable-developers-face-up-to-property-sector-gloom\/"},"modified":"2021-11-19T08:11:41","modified_gmt":"2021-11-19T01:11:41","slug":"china-vanke-tells-staff-to-cut-spending-on-travel-gifts-as-even-the-most-financially-stable-developers-face-up-to-property-sector-gloom","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-tells-staff-to-cut-spending-on-travel-gifts-as-even-the-most-financially-stable-developers-face-up-to-property-sector-gloom\/","title":{"rendered":"China Vanke tells staff to cut spending on travel, gifts as even the most financially stable developers face up to property sector gloom"},"content":{"rendered":"


\nChina\u2019s biggest property developers \u2013 even those not in the grip of a debt crisis \u2013 are pulling out all the stops to cut costs as the industry faces a gloomy outlook.China Vanke, the country\u2019s third-biggest home seller by sales, told its staff to \u201clive frugally, spend small money and do big things\u201d at a meeting on Tuesday, according to an internal document seen by the Post.Likening the circumstances to a \u201cwar time\u201d mentality, the company asked employees to book cheap tickets and hotels when\u2026
\n
\nSource : South China Morning Post
\nRead more…China Vanke tells staff to cut spending on travel, gifts as even the most financially stable developers face up to property sector gloom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s biggest property developers \u2013 even those not in the grip of a debt crisis...<\/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-123304","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-w4M","jetpack-related-posts":[{"id":137119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-among-three-major-chinese-property-developers-that-are-a-step-closer-to-selling-shares-under-beijings-three-arrows-rescue-plan\/","url_meta":{"origin":123304,"position":0},"title":"Vanke among three major Chinese property developers that are a step closer to selling shares under Beijing\u2019s \u2018three arrows\u2019 rescue plan","date":"May 24, 2023","format":false,"excerpt":"\r Three major Chinese developer including Vanke have moved a step closer to raising funds in the country\u2019s capital market after Beijing restarted equity financing for the property sector late last year.\r \r Source : South China Morning Post\r Read more...Vanke among three major Chinese property developers that are a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-secures-us194-million-loan-from-industrial-bank-in-brief-respite-for-troubled-property-developer\/","url_meta":{"origin":123304,"position":1},"title":"China Vanke secures US$194 million loan from Industrial Bank in brief respite for troubled property developer","date":"March 20, 2024","format":false,"excerpt":"\r A loan for China Vanke, one of China\u2019s largest developers, could provide temporary relief to a sector rocked by defaults and by a court order for the liquidation of China Evergrande Group, the world\u2019s most indebted developer.\r \r Source : South China Morning Post\r Read more...China Vanke secures US4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-chairman-say-era-of-runaway-home-prices-has-ended\/","url_meta":{"origin":123304,"position":2},"title":"Vanke chairman say era of runaway home prices has ended","date":"March 27, 2018","format":false,"excerpt":"\r The chairman of China Vanke, one of the country\u2019s largest residential property developers, has urged industry peers to shift their focus away from purely price and expand the technical quality and variety of the nation\u2019s housing stock, as demand eases off across the sector. \u201cIt is very clear the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-country-garden-vanke-sales-spiral-as-developers-await-measures-to-ease-liquidity-stress-stimulate-demand\/","url_meta":{"origin":123304,"position":3},"title":"China property crisis: Country Garden, Vanke sales spiral as developers await measures to ease liquidity stress, stimulate demand","date":"August 4, 2023","format":false,"excerpt":"\r The slowdown in China\u2019s property market continued in July, with major developers reporting a slump in contracted sales, further exacerbating their liquidity crisis.\r \r Source : South China Morning Post\r Read more...China property crisis: Country Garden, Vanke sales spiral as developers await measures to ease liquidity stress, stimulate demand","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-china-evergrande-and-china-vanke-among-developers-reporting-decline-in-january-home-sales\/","url_meta":{"origin":123304,"position":4},"title":"Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales","date":"February 5, 2019","format":false,"excerpt":"\r Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start. According to property consultancy CRIC, more than 30 per cent of the mainland\u2019s top 100 developers posted a year-on-year drop in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-developers-from-vanke-to-longfor-see-october-sales-surge\/","url_meta":{"origin":123304,"position":5},"title":"China\u2019s property developers from Vanke to Longfor see October sales surge","date":"November 9, 2024","format":false,"excerpt":"\r A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.\r \r Source : South China Morning Post\r Read more...China\u2019s property developers from Vanke to Longfor see October sales surge","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\/123304"}],"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=123304"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}