{"id":123404,"date":"2021-11-24T07:30:19","date_gmt":"2021-11-24T00:30:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/major-chinese-cities-cut-land-auction-prices-by-up-to-20-per-cent-to-lure-cash-strapped-developers-amid-market-gloom\/"},"modified":"2021-11-24T08:13:11","modified_gmt":"2021-11-24T01:13:11","slug":"major-chinese-cities-cut-land-auction-prices-by-up-to-20-per-cent-to-lure-cash-strapped-developers-amid-market-gloom","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/major-chinese-cities-cut-land-auction-prices-by-up-to-20-per-cent-to-lure-cash-strapped-developers-amid-market-gloom\/","title":{"rendered":"Major Chinese cities cut land auction prices by up to 20 per cent to lure cash-strapped developers amid market gloom"},"content":{"rendered":"


\nMajor cities in China are slashing the price of land they are auctioning off in an effort to attract bids from cash-strapped property developers facing a market downturn.Beijing put 12 parcels of land on the market on November 19, including two in eastern Chaoyang district with a combined reserve price of 4.8 billion yuan (HK$5.9 billion), 15 per cent lower than they were priced in September.The two plots failed to find buyers at the last auction in September, when they were offered as one\u2026
\n
\nSource : South China Morning Post
\nRead more…Major Chinese cities cut land auction prices by up to 20 per cent to lure cash-strapped developers amid market gloom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Major cities in China are slashing the price of land they are auctioning off in...<\/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-123404","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-w6o","jetpack-related-posts":[{"id":105997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-land-auction-premiums-rebound-as-credit-taps-reopen-to-developers\/","url_meta":{"origin":123404,"position":0},"title":"China's land auction premiums rebound as credit taps reopen to developers","date":"April 12, 2019","format":false,"excerpt":"\r Chinese developers have become more aggressive in acquiring land at auction in second-tier cities, emboldened by improved financing and a stronger sales outlook.The average land auction premium over starting bidding prices in 300 major Chinese cities monitored by property consultancy China Index Academy rose to 23.7 per cent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-shun-chinese-developers-as-bond-sales-slump-70-per-cent-with-market-frozen-for-many-junk-rated-borrowers-amid-defaults\/","url_meta":{"origin":123404,"position":1},"title":"Investors shun Chinese developers as bond sales slump 70 per cent with market frozen for many junk-rated borrowers amid defaults","date":"February 9, 2022","format":false,"excerpt":"\r Investors seem to have lost their appetite for bonds issued by Chinese developers while rising defaults by an increasing number of cash-strapped companies have pushed the cost of funding for the sector to more than a decade high.Chinese real estate companies issued 48.1 billion yuan (US$7.6 billion) worth of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-land-auction-premiums-drop-to-lowest-levels-in-over-three-years\/","url_meta":{"origin":123404,"position":2},"title":"China\u2019s land auction premiums drop to lowest levels in over three years","date":"September 5, 2018","format":false,"excerpt":"\r China\u2019s land market continued to cool in August as developers remained cautious over the outlook for the nation\u2019s property sector. The average land auction premium over starting bidding prices in 40 major Chinese cities monitored by E-house China R&D Institute fell to 17.3 per cent \u2013 its lowest level\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127013,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/major-chinese-cities-see-more-land-auctions-being-scrapped-as-broke-developers-hobbled-by-three-red-lines-stay-away\/","url_meta":{"origin":123404,"position":3},"title":"Major Chinese cities see more land auctions being scrapped, as broke developers hobbled by \u2018three red lines\u2019 stay away","date":"June 14, 2022","format":false,"excerpt":"\r The proportion of plots of land withdrawn in the first round of auctions held recently in 20 major Chinese cities has increased, with cash-strapped developers reluctant to splash the cash.\r \r Source : South China Morning Post\r Read more...Major Chinese cities see more land auctions being scrapped, as broke\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-shell-out-us7-5-billion-for-19-lots-on-offer-in-shanghais-first-land-auction-in-2023-pointing-to-property-markets-recovery\/","url_meta":{"origin":123404,"position":4},"title":"Chinese developers shell out US$7.5 billion for 19 lots on offer in Shanghai\u2019s first land auction in 2023, pointing to property market\u2019s recovery","date":"April 22, 2023","format":false,"excerpt":"\r The four-day land sale, which ended on Friday, saw more than 50 property developers engaged in intense bidding that resulted in 15 plots selling higher than their floor price.\r \r Source : South China Morning Post\r Read more...Chinese developers shell out US.5 billion for 19 lots on offer in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ping-an-insurance-becomes-top-holder-of-cash-strapped-china-fortune-land-raising-survival-hopes\/","url_meta":{"origin":123404,"position":5},"title":"Ping An Insurance becomes top holder of cash-strapped China Fortune Land, raising survival hopes","date":"September 10, 2021","format":false,"excerpt":"\r Ping An Insurance (Group), China\u2019s largest insurer by market value, has become the largest shareholder of China Fortune Land Development, raising hopes the developer will survive its liquidity crisis following a debt default.The group overtook China Holdings as the single largest holder of the cash-strapped developer after the latter\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\/123404"}],"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=123404"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}