{"id":29465,"date":"2016-10-11T14:37:03","date_gmt":"2016-10-11T07:37:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-shares-plunge-after-property-curbs\/"},"modified":"2016-10-11T14:39:38","modified_gmt":"2016-10-11T07:39:38","slug":"chinese-developer-shares-plunge-after-property-curbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-shares-plunge-after-property-curbs\/","title":{"rendered":"Chinese developer shares plunge after property curbs"},"content":{"rendered":"


\nDongguan the latest Chinese city to rein in surging market
\nShenzhen Stock Exchange building. zhu difeng \/ Shutterstock.com
\nShares in China\u2019s real estate firms faltered steeply after a wave of cooling measures swept bubbly housing markets during the week-long holidays around National Day.
\nStaggering losses by mainland developers such as Poly Real Estate Group Co and Beijing Capital Development Co reduced A-shares in Shanghai by 1.9 percent at the close, the most since Sept. 26, reported Bloomberg. On the Shenzhen exchange, firms like Vanke tumbled 5 percent.
\nDongguan added yesterday to a growing list of cities that have announced reins to their frothy\u00a0property markets. Housing officials in the city issued a directive forbidding the online registration of home purchases priced 15 percent higher or lower than recorded price levels.
\nMore: Sell Hong Kong real estate stocks if Trump wins, fund manager advises
\nAround 20 mainland China cities, covering both tier-1 and tier-2 markets, have unleashed this month a flurry of property curbs to calm surging home values. The Shanghai government announced last week that it would require approval of price increases in pre-sales of new homes and increase the land supply.
\nProperty share prices may eventually still see a climb, albeit a very slow one, according to Jingyi Pan, a Singapore-based strategist at IG Asia Pte. \u201cThe plunge is an initial reaction to the property curbs,\u201d Jingyu told Bloomberg. \u201cAuthorities are keen to tame surging prices, but we are not expecting a tumble as it will not be in their interest.
\nRead next: How Sotheby\u2019s and Juwai.com are working around China\u2019s Great Firewall
\n
\nSource : property-report.com
\nRead more…Chinese developer shares plunge after property curbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dongguan the latest Chinese city to rein in surging market Shenzhen Stock Exchange building. zhu...<\/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-29465","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\/p75ss1-7Ff","jetpack-related-posts":[{"id":121736,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dongguan-upstages-shenzhen-and-richer-cities-with-first-joint-ownership-plan-to-ease-chinas-housing-market-pain\/","url_meta":{"origin":29465,"position":0},"title":"Dongguan upstages Shenzhen and richer cities with first joint-ownership plan to ease China\u2019s housing market pain","date":"August 31, 2021","format":false,"excerpt":"\r Dongguan, the city with the fastest increase in home prices across China, is offering a co-sharing investment plan to buyers to spur home ownership in a move that resonates with the state\u2019s \u201ccommon prosperity\u201d campaign.The local government will start building homes under a joint ownership plan soon, where buyers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dongguans-sizzling-property-price-momentum-set-to-continue-as-influx-of-hi-tech-firms-fuels-demand-for-housing\/","url_meta":{"origin":29465,"position":1},"title":"Dongguan\u2019s sizzling property price momentum set to continue as influx of hi-tech firms fuels demand for housing","date":"February 11, 2021","format":false,"excerpt":"\r Dongguan, the city with the highest home price gains in China last year, is likely see prices increase further this year amid an influx of talent as more hi-tech firms set up operations in the Greater Bay Area city.Property prices in the city of 8.5 million rose 29 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-the-worlds-factory-dongguan-tame-its-runaway-land-prices-by-changing-auction-rules\/","url_meta":{"origin":29465,"position":2},"title":"Can the \u2018world\u2019s factory\u2019, Dongguan, tame its runaway land prices by changing auction rules?","date":"June 12, 2019","format":false,"excerpt":"\r Authorities in Dongguan, a major manufacturing hub near Shenzhen, have changed the way land auctions are carried out in a bid to cool the sizzling market.It comes after a flurry of aggressive bidding wars involving developers desperate to get a foothold in the Greater Bay Area drove Dongguan\u2019s land\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aoyuan-homes-in-on-southern-chinas-big-bay-area\/","url_meta":{"origin":29465,"position":3},"title":"Aoyuan homes in on southern China\u2019s \u2018big bay area\u2019","date":"March 22, 2017","format":false,"excerpt":"\r Developer China Aoyuan Property is looking to expand into more cities in China\u2019s booming Greater Pearl River Delta (PRD), a region covering cities including Shenzhen, Guangzhou and Hong Kong , as it targets an ambitious goal of reaching 50 billion yuan (US$7.2 billion) in annual sales by 2019. \u201cThe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-to-bring-property-unit-back-to-mainland-through-backdoor-listing\/","url_meta":{"origin":29465,"position":4},"title":"China Evergrande to bring property unit back to mainland through backdoor listing","date":"October 3, 2016","format":false,"excerpt":"\r Hong Kong-listed China Evergrande Group is bringing its core property business back to the mainland Chinese stock market through the acquisition of a Shenzhen listed developer. Shenzhen Special Economic Zone Real Estate & Properties will buy 100 per cent of the equity interest in Hengda Real Estate, the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-sponsor-subsidiary-completes-acquisition-of-stake-in-guangdong-site\/","url_meta":{"origin":29465,"position":5},"title":"First Sponsor subsidiary completes acquisition of stake in Guangdong site","date":"May 22, 2019","format":false,"excerpt":"\r It now has a 60 percent share in Concord Focus Development. Image source:\u00a01st-sponsor First Sponsor\u2019s fully-owned unit, Wenjiang (BVI), has completed the acquisition of 60 percent share in Concord Focus Development, reported The Business Times. 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