{"id":32677,"date":"2016-11-02T15:40:43","date_gmt":"2016-11-02T08:40:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-land-supply-drops-to-lowest-in-4-years\/"},"modified":"2016-11-02T15:45:59","modified_gmt":"2016-11-02T08:45:59","slug":"chinese-land-supply-drops-to-lowest-in-4-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-land-supply-drops-to-lowest-in-4-years\/","title":{"rendered":"Chinese land supply drops to lowest in 4 years"},"content":{"rendered":"


\nIn some cities, the government is deliberately reducing residential land supply
\nExcavators demolish an old building in China. Pyty\/Shutterstock
\nReal estate land supply in China stood at 71,000 hectares in the first nine months of 2016, a 7.8 percent year-on-year decrease, the country\u2019s Ministry of Land and Resources revealed Tuesday.
\nReal estate land supply this year may be the \u201clowest since 2010,\u201d a decline that would have an impact on housing supply in the next two years, according to financial magazine Yicai, citing ministry data.
\nSupply of residential land slid by 8.4 percent to 47,900 hectares, Yicai added. Real estate land supply in the country last peaked at 203,200 hectares in 2013.
\nMore: China\u2019s residential market to stay strong in 2017, says Citigroup
\nLand prices have risen in consonance with the declining supply. The average cost of residential land in more than 100 major Chinese cities hovered at CNY5,781 yuan (USD852) per square meter in the third quarter of the year, a 6.77 percent increase from the same period last year, the ministry revealed in a separate report released Friday.
\nExperts believe such prices are caused by declining land supply allocations in major tier-1 cities, especially Beijing, where the government has increasingly clamped down on selling parcels to enthusiastic \u201cland kings.\u201d
\n\u201cInstead of thinking of the whole market as a big bubble, it is more accurate to view it as a supply-demand mismatch,\u201d Larry Hu, head of China economics for Macquarie Securities, told the South China Morning Post.
\nEven with local governments announcing differentiated property curbs over recent weeks, it has become difficult to \u201cadjust and control the market\u201d because the real estate land market has diverged, ministry researcher Wang Jianwu said.
\nRead next: 7 things we learned from the 2016 Richest People in China report
\n
\nSource : property-report.com
\nRead more…Chinese land supply drops to lowest in 4 years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In some cities, the government is deliberately reducing residential land supply Excavators demolish an old...<\/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-32677","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\/p75ss1-8v3","jetpack-related-posts":[{"id":44928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijing-residential-land-supply-cut-by-half-this-year\/","url_meta":{"origin":32677,"position":0},"title":"Beijing residential land supply cut by half this year","date":"February 21, 2017","format":false,"excerpt":"\r Beijing\u2019s residential land supply has been cut almost in half for this year, raising the prospect of further home price rallies in the Chinese capital. According to the city government\u2019s annual land supply plan, approved and released on Tuesday by an executive meeting of the municipal government, total new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51653,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijing-municipal-government-revises-up-land-supply-plan\/","url_meta":{"origin":32677,"position":1},"title":"Beijing municipal government revises up land supply plan","date":"April 12, 2017","format":false,"excerpt":"\r The Beijing government over the weekend revised up its land supply plan, but to a level that\u2019s not as large as the headline figure suggests, raising doubts whether the actual supply will be enough to rein in home prices. In its residential land supply plan for the five years\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kong-increase-its-housing-supply-through-the-land-sharing-pilot-scheme\/","url_meta":{"origin":32677,"position":2},"title":"Can Hong Kong increase its housing supply through the Land Sharing Pilot Scheme?","date":"June 23, 2020","format":false,"excerpt":"\r A part of the government\u2019s short to medium-term strategy to ease the land and housing demand in Hong Kong, the Land Sharing Pilot Scheme can potentially unlock 150 hectares of land by changing land zoning and incentivising landowners by providing them with more than four times the plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-must-consider-all-possible-options-to-address-long-term-land-supply\/","url_meta":{"origin":32677,"position":3},"title":"Hong Kong government must consider all possible options to address long-term land supply","date":"March 5, 2019","format":false,"excerpt":"\r The Hong Kong government recently accepted the recommendations proposed by the Task Force on Land Supply, providing eight options and strategy, which it considers worthy of further studies and implementation.\r\rThese options \u2013 three short-to-medium term and five medium-to-long term \u2013 can provide 3,225 hectares of land in total. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-carrie-lam-can-revitalise-hong-kongs-land-supply-and-public-housing-targets-in-next-decade\/","url_meta":{"origin":32677,"position":4},"title":"How Carrie Lam can revitalise Hong Kong\u2019s land supply and public housing targets in next decade","date":"January 12, 2021","format":false,"excerpt":"\r Through her annual policy address, Chief Executive Carrie Lam Cheng Yuet-ngor has highlighted the government\u2019s awareness on the severity and urgency of public housing supply in Hong Kong.\r\rIn 2019, she announced a plan to invoke the Land Resumption Ordinance to resume three types of private land for developing public\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijing-goes-all-out-on-housing-affordability-ramps-up-land-release-to-boost-flat-supply\/","url_meta":{"origin":32677,"position":5},"title":"Beijing goes all out on housing affordability, ramps up land release to boost flat supply","date":"December 5, 2017","format":false,"excerpt":"\r Potential homebuyers who missed out on the real estate boom in Beijing may get a second chance to get on the property ladder, as an aggressive government land sales programme over the past 12 months has fed the supply pipeline of new homes in the nation\u2019s capital. Recent data\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\/32677"}],"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=32677"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}