{"id":58680,"date":"2017-06-22T18:00:41","date_gmt":"2017-06-22T11:00:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-forced-to-sell-ma-on-shan-site-amid-beijings-tightened-capital-controls\/"},"modified":"2017-06-22T18:12:29","modified_gmt":"2017-06-22T11:12:29","slug":"chinese-developer-forced-to-sell-ma-on-shan-site-amid-beijings-tightened-capital-controls","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-forced-to-sell-ma-on-shan-site-amid-beijings-tightened-capital-controls\/","title":{"rendered":"Chinese developer forced to sell Ma On Shan site amid Beijing\u2019s tightened capital controls"},"content":{"rendered":"


\nChina City Construction (International) is forced to sell the waterfront residential site in Ma On Shan that it won in a 2014 government tender after encountering financial difficulties to proceed with construction amid Beijing\u2019s tightened controls on capital outflows.
\nThe transaction, considered a rare case in reselling government land, was only revealed as Wang On Properties confirmed that it had agreed to take over the site.
\n\u201cThe company will make an official announcement when…
\n
\nSource : South China Morning Post
\nRead more…Chinese developer forced to sell Ma On Shan site amid Beijing\u2019s tightened capital controls<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China City Construction (International) is forced to sell the waterfront residential site in Ma 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-58680","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-fgs","jetpack-related-posts":[{"id":66164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guangdongs-country-garden-continues-investment-in-hong-kong-despite-beijings-capital-controls\/","url_meta":{"origin":58680,"position":0},"title":"Guangdong\u2019s Country Garden continues investment in Hong Kong, despite Beijing\u2019s capital controls","date":"September 12, 2017","format":false,"excerpt":"\r Country Garden, the Guangdong-based property developer, has splashed out HK$2.44 billion (US$312.3 million) on a 60 per cent share of a waterfront residential site at Ma On Shan in Hong Kong, marking the company\u2019s second investment in the city within four months, despite stricter capital outflow controls by Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-firms-not-deterred-by-brexit-or-beijings-tighter-capital-controls-says-docks-developer\/","url_meta":{"origin":58680,"position":1},"title":"Chinese firms not deterred by Brexit or Beijing\u2019s tighter capital controls, says docks developer","date":"August 22, 2017","format":false,"excerpt":"\r Mainland Chinese and Asian companies are eyeing investments in east London despite fears over Brexit and Beijing\u2019s crackdown on high-profile overseas deals, ABP Global Holding Group said. Firms from China, Taiwan, Hong Kong and India have acquired or reserved 60 per cent of total office space, or 33,388 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-private-equity-firm-gaw-capital-in-talks-to-fund-chinese-buyers-hk15-billion-tower-deal\/","url_meta":{"origin":58680,"position":2},"title":"Hong Kong private equity firm GAW Capital in talks to fund Chinese buyer\u2019s HK$15 billion tower deal","date":"October 24, 2018","format":false,"excerpt":"\r Hong Kong private equity fund GAW Capital Partners is in talks to fund a HK$15 billion (US$1.91 billion) buyout of two commercial towers in the city, after Beijing\u2019s tightened capital controls forced their original mainland Chinese buyer to look for financing elsewhere. GAW Capital is in talks with Chen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-pledges-refund-for-forest-city-buyers-caught-in-beijings-crackdown-on-capital-outflows\/","url_meta":{"origin":58680,"position":3},"title":"Country Garden pledges refund for Forest City buyers caught in Beijing\u2019s crackdown on capital outflows","date":"April 5, 2017","format":false,"excerpt":"\r Country Garden Holdings, whose Forest City project in Malaysia is the biggest overseas project by a Chinese property developer, said it will refund money to mainland investors caught up in Beijing\u2019s escalating crackdown on capital outflows. The move is the latest consequence arising from Beijing\u2019s tighter policy on capital\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citic-launches-new-project-in-ma-on-shan-at-20-per-cent-below-rivals-as-home-sales-halve-since-protests-began\/","url_meta":{"origin":58680,"position":4},"title":"Citic launches new project in Ma On Shan at 20 per cent below rivals as home sales halve since protests began","date":"September 3, 2019","format":false,"excerpt":"\r Citic has become the latest Hong Kong developer forced into selling new flats at huge discounts to attract buyers amid a property market battered by months of civil unrest.The latest official figures released on Tuesday show that home sales have halved since the start of protests that have rocked\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overseas-investment-by-chinese-firms-may-hit-bumps-amid-tighter-controls-on-capital-outflows\/","url_meta":{"origin":58680,"position":5},"title":"Overseas investment by Chinese firms may hit bumps amid tighter controls on capital outflows","date":"January 17, 2017","format":false,"excerpt":"\r Beijing\u2019s tighter controls on capital outflow would curb outbound investment by Chinese firms in the short term and possibly stalling some high-profile deals, according the market watchers. 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