{"id":20746,"date":"2016-07-25T14:14:24","date_gmt":"2016-07-25T07:14:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-luxury-housing-is-on-the-up\/"},"modified":"2016-07-25T14:33:25","modified_gmt":"2016-07-25T07:33:25","slug":"chinese-luxury-housing-is-on-the-up","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-luxury-housing-is-on-the-up\/","title":{"rendered":"Chinese luxury housing is on the up"},"content":{"rendered":"


\nEncouraged by a blossoming luxury residential market, developers eye prime tracts of land
\nShanghai skyline. Image credit: www.kindergeldinfo.de \u2013 Abriga Media (Flickr)
\nIf their recent splurges on plum land parcels are anything to go by, mainland China developers are showing more faith than usual in the luxury market.
\nRecently, property developer Future Land won the bid for a highly coveted \u201cdi wang\u201d or \u201cland king\u201d in Shanghai\u2019s Hongkou district at CNY87,000 (USD13,000) per square metre, a record for the city according to the South China Morning Post.
\nFuture Land cited impressive margins in nearby luxury developments, most notably the Daning Jinmao Mansion, for following through the acquisition. Units in the development are currently valued at CNY95,000 (USD14,200) per sq m.
\nSimilarly, state-owned developer Cindare Property placed a bid worth CNY5.8 billion (USD867.7 million) for a parcel in Shanghai\u2019s Gu Village in June, The Diplomat reported.
\nMore: Home sales in Hong Kong rise slowly in June
\nA boom in the luxury residential market is playing out in large Chinese cities besides Shanghai. In Beijing, property consultancy Yahao found a record number of transactions in June related to villas and new apartments that were valued more than CNY70,000 (USD10,500) per sq m, reported the South China Morning Post.
\nAccording to property consultancy Tospur, there were 682 transactions for new Shanghai apartments valued at CNY100,000 (USD14,900) per sq m in the first half of the year alone. Apparently, there had been fewer transactions in all of 2015.
\nWith pricey land acquisitions, developers are coming in direct defiance of the government, which has been cracking down on overheating markets such as Shenzhen and Shanghai. The government has carried out cooling measures this year with some degree of success, pulling monthly price growth across 100 cities from 1.9 percent in March down to 1.32 percent in June.
\nRead next: Trevor Vivian of Benoy elected head judge of China Property Awards 2016
\n
\nSource : property-report.com
\nRead more…Chinese luxury housing is on the up<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Encouraged by a blossoming luxury residential market, developers eye prime tracts of land Shanghai skyline....<\/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-20746","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\/p75ss1-5oC","jetpack-related-posts":[{"id":22339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-luxury-condo-glut-ends-developer-rush-for-land-deals\/","url_meta":{"origin":20746,"position":0},"title":"Manhattan luxury-condo glut ends developer rush for land deals","date":"August 9, 2016","format":false,"excerpt":"\r New York\u2019s condo slowdown is upending the market for one of the most coveted assets in tightly packed Manhattan: land.\r \r Source : South China Morning Post\r Read more...Manhattan luxury-condo glut ends developer rush for land deals","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-real-estate-luxury-developer-reveals-plans-for-exclusive-members-only-residential-community-discovery-dunes\/","url_meta":{"origin":20746,"position":1},"title":"Dubai real estate: Luxury developer reveals plans for exclusive members-only residential community, Discovery Dunes","date":"January 18, 2024","format":false,"excerpt":"\r Luxury real estate developer Discovery Land Company partners with ORA Developers to bring first project to the Middle East\r \r Source : arabianbusiness.com\r Read more...Dubai real estate: Luxury developer reveals plans for exclusive members-only residential community, Discovery Dunes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/01\/Naguib-Sawiris-and-Michael-S-Meldman-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":37952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-luxury-homes-get-smaller-while-prices-get-ever-greater\/","url_meta":{"origin":20746,"position":2},"title":"Shanghai luxury homes get smaller while prices get ever greater","date":"December 13, 2016","format":false,"excerpt":"\r Is Shanghai the new Hong Kong? Shanghai home values are among the world\u2019s fastest-growing. shanghainese\/Shutterstock What do you do when prevailing market prices of homes are skyrocketing at double-digit rates? You build them smaller, of course. Saddled with one of the hottest real estate markets in the world, property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73736,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-set-to-come-to-hong-kong-islands-old-industrial-south-side-as-developers-pay-big-for-land\/","url_meta":{"origin":20746,"position":3},"title":"Luxury set to come to Hong Kong Island\u2019s old industrial south side as developers pay big for land","date":"December 5, 2017","format":false,"excerpt":"\r Wong Chuk Hang, a neighbourhood of leafy streets and old industrial buildings close to Hong Kong\u2019s Ocean Park theme park, is poised to become the kind of upscale residential location more akin to downtown Central, after two of the city\u2019s biggest home builders secured a parcel of land. Kerry\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinachem-shifts-focus-to-mass-housing-from-luxury-projects-in-noble-target-set-by-former-chairwoman-nina-wang\/","url_meta":{"origin":20746,"position":4},"title":"Chinachem shifts focus to mass housing from luxury projects in \u2018noble target\u2019 set by former chairwoman Nina Wang","date":"November 25, 2020","format":false,"excerpt":"\r Chinachem Group is changing its land-bidding strategy to focus on mass housing and move away from super-luxury trophy projects as the Hong Kong developer marked its 60th anniversary in the business.The developer now enjoys the liberty of elevating social and environmental objectives to the same level of importance as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44085,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-developers-cant-leave-this-bangkok-neighbourhood-alone\/","url_meta":{"origin":20746,"position":5},"title":"Luxury developers can\u2019t leave this Bangkok neighbourhood alone","date":"February 14, 2017","format":false,"excerpt":"\r It\u2019s been cool for years, but now it\u2019s red hot The Niche Pride, a high-end condo in Thong Lor to be completed in 2017 A new wave of luxury condo projects is coming to Thonglor with property developers expected to launch more than THB 50 billion of new developments\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\/20746"}],"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=20746"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}