{"id":95061,"date":"2018-07-31T07:01:39","date_gmt":"2018-07-31T00:01:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tahoe-axes-beijing-shanghai-staff-as-cash-flow-stress-hits-chinese-developers\/"},"modified":"2018-07-31T08:03:18","modified_gmt":"2018-07-31T01:03:18","slug":"tahoe-axes-beijing-shanghai-staff-as-cash-flow-stress-hits-chinese-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tahoe-axes-beijing-shanghai-staff-as-cash-flow-stress-hits-chinese-developers\/","title":{"rendered":"Tahoe axes Beijing, Shanghai staff as cash-flow stress hits Chinese developers"},"content":{"rendered":"


\nTahoe Group is axing its staff in Beijing and Shanghai, according to employees and media reports, becoming the first major listed developer in China to do so as the property sector feels the pinch from liquidity stress.
\nThe Shenzhen-listed builder has slashed most of its design staff in the two cities, as well as its branding staff in Fuzhou and Wuhan, according to employees and online media reports.
\nThe scale of the layoffs is still unclear. The earliest report by online news site Ifeng.com,…
\n
\nSource : South China Morning Post
\nRead more…Tahoe axes Beijing, Shanghai staff as cash-flow stress hits Chinese developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tahoe Group is axing its staff in Beijing and Shanghai, according to employees and media...<\/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-95061","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-oJf","jetpack-related-posts":[{"id":104725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unable-to-sell-luxury-homes-in-beijing-mainland-developer-tahoe-group-offers-discounts-of-up-to-us1-3-million\/","url_meta":{"origin":95061,"position":0},"title":"Unable to sell luxury homes in Beijing, mainland developer Tahoe Group offers discounts of up to US$1.3 million","date":"March 6, 2019","format":false,"excerpt":"\r As the ongoing US-China trade war weakens appetite of deep-pocketed mainland buyers for luxury homes, some developers have been offering massive discounts of up to 9 million yuan (US$1.3 million) to make sales.Just a few days after Lunar New Year, mainland developer Tahoe Group began offering aggressive discounts for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84986,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-developers-receive-pre-sale-permits-to-begin-luxury-sales-but-theres-a-catch\/","url_meta":{"origin":95061,"position":1},"title":"Shanghai developers receive pre-sale permits to begin luxury sales, but there\u2019s a catch","date":"April 11, 2018","format":false,"excerpt":"\r A number of luxury Shanghai residential projects have secured permission from authorities to start sales, even as government curbs on the property market in place since last year could mean developers will have to accept lower prices. At least seven high-end projects, involving developers Shui On Land, Poly Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/recovering-confidence-china-property-developer-buys-two-sites-in-beijing-shanghai-for-us1-8-billion\/","url_meta":{"origin":95061,"position":2},"title":"\u2018Recovering confidence\u2019: China property developer buys two sites in Beijing, Shanghai for US$1.8 billion","date":"January 21, 2019","format":false,"excerpt":"\r Sunac China Holdings, one of the country\u2019s biggest property developers, has bought two sites in Beijing and Shanghai worth 12.5 billion yuan (US$1.83 billion), it said on Monday. Sunac Real Estate, a subsidiary, has acquired a 100 per cent stake in Oceanwide Construction Holdings, a property unit of Shenzhen-listed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tahoe-chinese-developer-at-biggest-risk-of-default-tries-to-offload-a-dozen-projects-to-ease-liquidity-stress\/","url_meta":{"origin":95061,"position":3},"title":"Tahoe, Chinese developer at biggest risk of default, tries to offload a dozen projects to ease liquidity stress","date":"March 21, 2019","format":false,"excerpt":"\r Chinese developer Tahoe Group is seeking to offload a dozen projects that it bought for at least 40 billion yuan (US$5.97 billion) in the past two years, according to sources familiar with the matter.It is the latest builder to resort to asset sales to raise cash in the face\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-chinese-developers-post-strong-profits-so-why-arent-investors-on-a-buying-binge\/","url_meta":{"origin":95061,"position":4},"title":"Hong Kong-listed Chinese developers post strong profits. So why aren\u2019t investors on a buying binge?","date":"August 30, 2018","format":false,"excerpt":"\r China\u2019s Hong Kong-listed developers have been reporting strong half-year profits. But investors are looking ahead to see heavy weights on what has been a booming sector. The chief driver of Chinese developers\u2019 earnings \u2013 cheap land and rising selling prices \u2013 may all but be disappearing, as expensive plots\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-beijing-land-markets-cool-as-funding-constraints-squeeze-developers\/","url_meta":{"origin":95061,"position":5},"title":"Shanghai, Beijing land markets cool as funding constraints squeeze developers","date":"February 21, 2017","format":false,"excerpt":"\r A dramatic fall in the premiums being paid for land in Beijing and Shanghai suggests government efforts to cool the market by placing tough financing constraints on developers are having a profound effect. Five parcels of land in the two cities sold at auction last week at premiums that\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\/95061"}],"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=95061"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95061\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}