{"id":28665,"date":"2016-10-05T10:02:52","date_gmt":"2016-10-05T03:02:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/without-warning-9-chinese-cities-were-slapped-with-property-curbs\/"},"modified":"2016-10-05T10:11:15","modified_gmt":"2016-10-05T03:11:15","slug":"without-warning-9-chinese-cities-were-slapped-with-property-curbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/without-warning-9-chinese-cities-were-slapped-with-property-curbs\/","title":{"rendered":"Without warning, 9 Chinese cities were slapped with property curbs"},"content":{"rendered":"


\nUnannounced cooling measures for panic-buying-prone market
\nWangfujing Street, Beijing. testing \/ Shutterstock.com
\nNine cities across China have suddenly introduced a range of cooling measures to their property markets over the weekend, even before home buyers could go on a preemptive buying spree.
\nThe measures rolled out across the mainland starting late Friday night in Beijing, where officials now require a 35 percent downpayment of first-time home prospectors, 50 percent for those buying a house for the second time.
\nIn Chengdu, buyers are now limited to just one purchase in some districts, while second-timers must fork out a downpayment of at least 40 percent of the property value. Penalties are also in store for developers that delay construction of projects.
\nOwners of two properties in Zhengzhou are now prohibited from purchasing a third property smaller than 180 square meters, while those with three properties in Jinan are not allowed to buy a fourth one. Meanwhile, non-residents of Tianjin are forbidden from buying a second home in the downtown area.
\nMore: G20 Hangzhou hangover
\nThese curbs were announced in time for Silver October, a peak season for property investment in China. They also came a few days after several comments on CNN by Dalian Wanda Group chairman Wang Jianlin, warning of the \u201cbiggest bubble in history\u201d and problems in the property market that would be \u201cvery difficult to resolve\u201d in such boiling markets as Shanghai and Shenzhen.
\nFurther mortgage restrictions could prove futile. \u201cI don\u2019t see a good solution to this problem,\u201d Wang said. \u201cThe government has come up with all sorts of measures, limiting purchase or credit, but none have worked.\u201d
\nThe timing of the credit tightening seems more propitious in comparison, given some Chinese home buyers\u2019 propensity for panic buying. Following rumours of a new raft of tightening measures in Shanghai and Hangzhou, home buyers made impetuous purchases that crashed websites and led to divorces.
\nRead next: How China\u2019s luxury homes are proud to be Chinese again
\n
\nSource : property-report.com
\nRead more…Without warning, 9 Chinese cities were slapped with property curbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Unannounced cooling measures for panic-buying-prone market Wangfujing Street, Beijing. testing \/ Shutterstock.com Nine cities across...<\/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-28665","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\/p75ss1-7sl","jetpack-related-posts":[{"id":24613,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-was-how-shanghai-home-buyers-reacted-to-last-weeks-tightening-talks\/","url_meta":{"origin":28665,"position":0},"title":"This was how Shanghai home buyers reacted to last week\u2019s tightening talks","date":"September 1, 2016","format":false,"excerpt":"\r Word about possible cooling measures agitate buyers in a hot housing market Rush hour in China. Home buyers were on the edge after hearing about the Shanghai government\u2019s plans to tighten credit. sevenke \/ Shutterstock Speculation over government plans to impose tightening measures on Shanghai\u2019s overheating housing market sent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-to-douse-flaming-market-with-new-measures\/","url_meta":{"origin":28665,"position":1},"title":"Shanghai to douse flaming market with new measures","date":"August 26, 2016","format":false,"excerpt":"\r The property market in China\u2019s largest city is on fire. Could it be the next Vancouver? \u2018Land king\u2019 Ronshine snapped up a parcel in Shanghai\u2019s Jing\u2019an district at a record price in August. r.nagy \/ Shutterstock With Shanghai\u2019s home values shooting to fiery levels, the Chinese government is reportedly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75681,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijings-used-home-buyers-bide-their-time-as-cooling-measures-bring-prices-steadily-down\/","url_meta":{"origin":28665,"position":2},"title":"Beijing\u2019s used-home buyers bide their time as cooling measures bring prices steadily down","date":"January 3, 2018","format":false,"excerpt":"\r Wang Jian, a 29-year-old working for a Beijing technology company, saw his hopes of buying a flat in the capital evaporate overnight when strict new cooling measures left him unable to afford the down payment. He had already paid the deposit on a 7.4 million yuan, 80 square-metre flat\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-property-curbs-to-erode-market-confidence-says-redas\/","url_meta":{"origin":28665,"position":3},"title":"New property curbs to erode market confidence, says REDAS","date":"July 18, 2018","format":false,"excerpt":"\r The new property curbs are a \u201cbig setback\u201d for Singapore\u2019s property sector, according to the Real Estate Developers\u2019 Association of Singapore (REDAS) in a report by the Business Times. These new cooling measures will impact the confidence of property developers, investors and home buyers, said REDAS President Augustine Tan.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijing-rolls-out-harshest-ever-home-buyer-down-payment-levels\/","url_meta":{"origin":28665,"position":4},"title":"Beijing rolls out harshest ever home buyer down payment levels","date":"March 17, 2017","format":false,"excerpt":"\r Beijing municipal government imposed the harshest down payment requirements in history on Friday, after previous property cooling measures failed to prevent an ongoing and frenetic home-buying spree. Down payments for second-time \u201cordinary home\u201d buyers was raised to a minimum 60 per cent, from 50 per cent before, while second-time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-home-price-growth-weakens-to-eight-month-low-on-cooling-measures-while-evergrandes-struggles-keep-buyers-away\/","url_meta":{"origin":28665,"position":5},"title":"China\u2019s home-price growth weakens to eight-month low on cooling measures while Evergrande\u2019s struggles keep buyers away","date":"September 15, 2021","format":false,"excerpt":"\r China\u2019s home prices grew at the slowest pace in the past eight months in August, as buying confidence took a hit from the government\u2019s cooling measures.Troubles at China Evergrande Group, the world\u2019s most indebted developer, which is struggling to complete its housing projects, also weighed on sentiment.The average price\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\/28665"}],"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=28665"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28665\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}