{"id":27634,"date":"2016-09-28T20:57:23","date_gmt":"2016-09-28T13:57:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-success-as-innovation-hub-seen-by-some-as-model-for-all-of-china\/"},"modified":"2016-09-28T21:02:06","modified_gmt":"2016-09-28T14:02:06","slug":"shenzhens-success-as-innovation-hub-seen-by-some-as-model-for-all-of-china","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-success-as-innovation-hub-seen-by-some-as-model-for-all-of-china\/","title":{"rendered":"Shenzhen\u2019s success as innovation hub seen by some as model for all of China"},"content":{"rendered":"


\nLast year Steve Guo, an engineer in his 40s living in Shenzhen, China\u2019s hub for technology innovation, sold two small units and bought a four-bedroom apartment through mortgage loans.
\nThe two old properties sold for a total of about 7 million yuan while the new one cost almost 12 million yuan. But Guo and his wife, each earning a salary of about 15,000 yuan per month, are not worried about the gap because they believe home prices in Shenzhen will keep soaring for years to come as the city…
\n
\nSource : South China Morning Post
\nRead more…Shenzhen\u2019s success as innovation hub seen by some as model for all of China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last year Steve Guo, an engineer in his 40s living in Shenzhen, China\u2019s hub for...<\/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-27634","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\/p75ss1-7bI","jetpack-related-posts":[{"id":110479,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-hope-to-leverage-shenzhens-model-city-status-price-residential-project-as-most-expensive-in-its-area\/","url_meta":{"origin":27634,"position":0},"title":"Developers hope to leverage Shenzhen\u2019s model city status, price residential project as most expensive in its area","date":"September 4, 2019","format":false,"excerpt":"\r A 665-unit project in Shenzhen could be home to flats worth 20 million yuan, if its developers win approval for an average price of 100,000 yuan (US$13,928) per square metre, industry insiders said.Longhua Jinmao Palace, which was completed eight months ago and has been left unsold since then, could\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-chinese-developers-shenzhen-plot-sold-to-local-government-backed-buyer-for-us1-billion\/","url_meta":{"origin":27634,"position":1},"title":"Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US$1 billion","date":"November 28, 2022","format":false,"excerpt":"\r The 10,376-square-metre plot in Shenzhen\u2019s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US billion","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-pays-us1-63-billion-to-refresh-shenzhens-real-estate-price-record-with-furious-bidding-in-qianhai-district\/","url_meta":{"origin":27634,"position":2},"title":"Logan Property pays US$1.63 billion to refresh Shenzhen\u2019s real estate price record with furious bidding in Qianhai district","date":"May 15, 2020","format":false,"excerpt":"\r A residential land parcel sold for a record price in Shenzhen a day after the Chinese central bank and regulators unveiled a sweeping plan to spur financial services and investments in the Greater Bay Area (GBA).Logan Property Holdings, the record holder for the most expensive land bought in Shenzhen,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-unaffordable-home-prices-could-hurt-beijings-plan-to-turn-the-greater-bay-area-tech-hub-into-model-city\/","url_meta":{"origin":27634,"position":3},"title":"Shenzhen\u2019s unaffordable home prices could hurt Beijing\u2019s plan to turn the Greater Bay Area tech hub into model city","date":"October 14, 2020","format":false,"excerpt":"\r Beijing\u2019s blueprint to develop Shenzhen and showcase it a centrepiece of its economic reform and attract talent could hit a major stumbling block in the form of unaffordable housing prices, say analysts.As part of a five-year plan to build the city into a \u201ccore engine\u201d of reform by 2025,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59639,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-june-home-prices-drop-for-ninth-month-as-buyers-shift-focus-to-outlying-suburbs\/","url_meta":{"origin":27634,"position":4},"title":"Shenzhen\u2019s June home prices drop for ninth month as buyers shift focus to outlying suburbs","date":"July 3, 2017","format":false,"excerpt":"\r Residential property prices in Shenzhen, the hottest market in China last year, declined at a slower pace in June, as local authorities arm twisted developers into selling new projects at below market rates, while buyers shifted gear and turned their attention to the city\u2019s outer suburbs from the core\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84400,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/soaring-property-prices-mean-hongkongers-in-shenzhen-cant-afford-to-move-home\/","url_meta":{"origin":27634,"position":5},"title":"Soaring property prices mean Hongkongers in Shenzhen can\u2019t afford to move home","date":"April 3, 2018","format":false,"excerpt":"\r Mark Tang, a Hongkonger who has been living in Shenzhen for 10 years, has to defer his plan to move back to the city, even though his wife is about to deliver a baby in September. 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