{"id":51873,"date":"2017-04-14T16:48:29","date_gmt":"2017-04-14T09:48:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-banks-withdraw-from-offering-apartment-backed-loans\/"},"modified":"2017-04-14T17:02:15","modified_gmt":"2017-04-14T10:02:15","slug":"china-banks-withdraw-from-offering-apartment-backed-loans","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-banks-withdraw-from-offering-apartment-backed-loans\/","title":{"rendered":"China banks withdraw from offering apartment-backed loans"},"content":{"rendered":"


\nSome Chinese banks have halted lending to individual borrowers planning to use apartments built on commercial or office landas collateral, and dropped preferential interest rates for first-time home buyers, according to banking sources.
\nMaking such apartments ineligible as collateral \u2013 further squeezing the value of the previously popular product after banning its sale to individuals \u2013 is the latest move in a series of efforts to crack down on their demand, and meet the China…
\n
\nSource : South China Morning Post
\nRead more…China banks withdraw from offering apartment-backed loans<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some Chinese banks have halted lending to individual borrowers planning to use apartments built on...<\/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-51873","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-duF","jetpack-related-posts":[{"id":132608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-toughens-rules-for-pawn-shop-lending\/","url_meta":{"origin":51873,"position":0},"title":"China toughens rules for pawn shop lending","date":"March 18, 2019","format":false,"excerpt":"\r The central Chinese government is tightening regulations over pawn shops in a bid to gain more oversight of the shadow banking industry and the rise of property-backed loans used for undisclosed purposes, Bloomberg reported.\u00a0 Having taken over jurisdiction of pawn shops from the Ministry of Commerce last year, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tightened-mortgage-lending-has-pushed-hongkongers-into-arms-of-cash-rich-developers-and-their-expensive-property-loans\/","url_meta":{"origin":51873,"position":1},"title":"Tightened mortgage lending has pushed Hongkongers into arms of cash-rich developers and their expensive property loans","date":"May 22, 2019","format":false,"excerpt":"\r Squeezed out of owning an old home in the city by tightened mortgage rules, Hongkongers are increasingly buying smaller but more expensive new apartments. Unable to apply for an adequate mortgage from banks, they are turning to developers, who provide loans amounting to as much as 90 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122304,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-banks-housing-underpinning-duties-mean-underperforming-stocks\/","url_meta":{"origin":51873,"position":2},"title":"China banks\/housing: underpinning duties mean underperforming stocks","date":"September 30, 2021","format":false,"excerpt":"\r A mix of a slowing property market, rising corporate default rates and falling real estate collateral values has created toxic conditions\r \r Source : ft.com\r Read more...China banks\/housing: underpinning duties mean underperforming stocks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142925,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-monetary-authority-asks-banks-to-exercise-caution-when-offering-property-loans-for-speculative-confirmor-sales\/","url_meta":{"origin":51873,"position":3},"title":"Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative \u2018confirmor sales\u2019","date":"March 7, 2024","format":false,"excerpt":"\r The Hong Kong Monetary Authority has advised banks to take extra care when lending to property speculators, in an indirect attempt to clamp down on asset flipping a week after the city abandoned decade-old curbs for the real estate industry.\r \r Source : South China Morning Post\r Read more...Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/120987\/","url_meta":{"origin":51873,"position":4},"title":" HSBC,\u00a0Industrial and Commercial Bank\u2026","date":"January 1, 1970","format":false,"excerpt":"\r HSBC,\u00a0Industrial and Commercial Bank of China (Asia) and other major banks in the city have stopped offering mortgage loans for unfinished flats built by heavily indebted property developer China Evergrande in Hong Kong, according to people familiar with the matterThe U-turn on mortgage lending by several banks came after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property\/","url_meta":{"origin":51873,"position":5},"title":"Chinese banks demanding proof that consumer loans are not being used to buy property","date":"October 16, 2017","format":false,"excerpt":"\r China\u2019s commercial banks have begun asking clients to submit \u201cproof of use\u201d for consumer loans, as the government tightens regulations on concern that such loans are being used to buy property and are helping to fuelling a property bubble. Customers of China Merchants Bank with loans upwards of 10,000\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\/51873"}],"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=51873"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51873\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}