{"id":133526,"date":"2023-01-02T09:00:12","date_gmt":"2023-01-02T02:00:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-tencent-lay-offs-burst-property-bubbles-in-headquarters-cities-of-hangzhou-shenzhen-sending-prices-plunging\/"},"modified":"2023-01-02T09:11:03","modified_gmt":"2023-01-02T02:11:03","slug":"alibaba-tencent-lay-offs-burst-property-bubbles-in-headquarters-cities-of-hangzhou-shenzhen-sending-prices-plunging","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-tencent-lay-offs-burst-property-bubbles-in-headquarters-cities-of-hangzhou-shenzhen-sending-prices-plunging\/","title":{"rendered":"Alibaba, Tencent lay-offs burst property bubbles in headquarters cities of Hangzhou, Shenzhen, sending prices plunging"},"content":{"rendered":"


\nA wave of job cuts has sent the home market reeling in neighbourhoods where waves of tech professionals \u2013 flush with high salaries and housing perks \u2013 drove prices upwards in recent years.
\n
\nSource : South China Morning Post
\nRead more…Alibaba, Tencent lay-offs burst property bubbles in headquarters cities of Hangzhou, Shenzhen, sending prices plunging<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A wave of job cuts has sent the home market reeling in neighbourhoods where waves...<\/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-133526","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-yJE","jetpack-related-posts":[{"id":118516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hangzhou-home-to-chinas-new-billionaires-gets-a-dose-of-property-cooling-measures-as-peak-demand-looms\/","url_meta":{"origin":133526,"position":0},"title":"Hangzhou, home to China\u2019s new billionaires, gets a dose of property-cooling measures as peak demand looms","date":"September 6, 2020","format":false,"excerpt":"\r China has taken another step to plug a hole in its household registration system to prevent excessive speculation in its 16 trillion yuan (US$2.3 trillion\/HKS$) housing market as the economy emerges from a historic slump.After a pre-emptive strike in Shenzhen in July and Nantong in December, authorities have now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plunging-chinese-rental-yields-point-to-property-bubbles-in-major-cities\/","url_meta":{"origin":133526,"position":1},"title":"Plunging Chinese rental yields point to property bubbles in major cities","date":"July 18, 2017","format":false,"excerpt":"\r Home rental yields in Chinese cities, which at certain levels can signify a property price bubble, continued to fall in the past quarter. The yields in 13 cities slipped below 2 per cent, suggesting an accumulation of risk in the market. The rental yields in all the first-tier cities\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hangzhou-home-to-alibaba-and-geely-turns-market-friendly-by-scrapping-more-barriers-to-revive-home-sales\/","url_meta":{"origin":133526,"position":2},"title":"Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to revive home sales","date":"March 14, 2024","format":false,"excerpt":"\r The local government in Hangzhou has taken another drastic move to ease home-purchase restrictions, after an effort last year failed to sustain a rebound in the housing market.\r \r Source : South China Morning Post\r Read more...Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-affiliate-ant-group-pays-us202-million-for-second-plot-of-land-in-its-hometown-of-hangzhou\/","url_meta":{"origin":133526,"position":3},"title":"Alibaba affiliate Ant Group pays US$202 million for second plot of land in its hometown of Hangzhou","date":"August 11, 2021","format":false,"excerpt":"\r Ant Group, controlled by Chinese billionaire Jack Ma, on Tuesday won a large commercial site in Hangzhou, its second in its hometown for 1.31 billion yuan (US$202 million), according to the city government records.The price of the land in Zhijiang National Tourist Resort Area, West Lake district, which can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tencent-bytedance-alibaba-founders-see-fortunes-plunge-as-china-billionaire-list-loses-nearly-300-members\/","url_meta":{"origin":133526,"position":4},"title":"Tencent, ByteDance, Alibaba founders see fortunes plunge as China billionaire list loses nearly 300 members","date":"November 8, 2022","format":false,"excerpt":"\r A total of 293 billionaires drop off the Hurun China Rich List, as Tencent\u2019s Pony Ma, ByteDance\u2019s Zhang Yiming and Alibaba\u2019s Jack Ma see their fortunes plunge by as much as 32 per cent.\r \r Source : South China Morning Post\r Read more...Tencent, ByteDance, Alibaba founders see fortunes plunge\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-singapores-office-rents-outprice-hong-kong-as-alibaba-bytedance-tencent-set-up-shop-in-rival-financial-hub\/","url_meta":{"origin":133526,"position":5},"title":"Can Singapore\u2019s office rents outprice Hong Kong as Alibaba, ByteDance, Tencent set up shop in rival financial hub?","date":"April 6, 2021","format":false,"excerpt":"\r Singapore\u2019s office rents have a long way to go before matching Hong Kong\u2019s, even after half a dozen of mainland China\u2019s largest technology behemoths piled into the city state in recent months to set up their regional hubs, analysts said.The average monthly rent for Singapore\u2019s grade A office space\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\/133526"}],"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=133526"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/133526\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=133526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=133526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=133526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}