{"id":99484,"date":"2018-10-10T07:00:49","date_gmt":"2018-10-10T00:00:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-set-for-disappointing-october-as-cash-discounts-fail-to-spur-golden-week-sales\/"},"modified":"2018-10-10T08:03:17","modified_gmt":"2018-10-10T01:03:17","slug":"chinese-developers-set-for-disappointing-october-as-cash-discounts-fail-to-spur-golden-week-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-set-for-disappointing-october-as-cash-discounts-fail-to-spur-golden-week-sales\/","title":{"rendered":"Chinese developers set for disappointing October as cash discounts fail to spur Golden Week sales"},"content":{"rendered":"


\nThe seven-day Golden Week holiday used to be a busy time for developers, but not this time.
\nAnalysts expect the weakest October in recent memory and see developers offering more price cuts after sales in 31 cities, monitored by property consultancy CRIC, fell 27 per cent year on year.
\nThe bearish sentiment is also taking its toll on property stocks. The Hang Seng Mainland Properties Index has fallen to its lowest level since August 2017 and is down 17.5 per cent from its recent peak on…
\n
\nSource : South China Morning Post
\nRead more…Chinese developers set for disappointing October as cash discounts fail to spur Golden Week sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The seven-day Golden Week holiday used to be a busy time for developers, but not...<\/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-99484","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-pSA","jetpack-related-posts":[{"id":147348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-chinese-developers-are-scraping-discounts-after-sales-rebound-during-golden-week\/","url_meta":{"origin":99484,"position":0},"title":"Some Chinese developers are scraping discounts after sales rebound during \u2018golden week\u2019","date":"October 10, 2024","format":false,"excerpt":"\r State-backed China Resources Land said it would withdraw the 2 per cent discounts for all its residential projects in Beijing.\r \r Source : South China Morning Post\r Read more...Some Chinese developers are scraping discounts after sales rebound during \u2018golden week\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111784,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-cut-prices-by-up-to-10-per-cent-to-spur-sales-amid-slowdown-as-policymakers-maintain-market-curbs\/","url_meta":{"origin":99484,"position":1},"title":"China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs","date":"October 22, 2019","format":false,"excerpt":"\r China\u2019s property developers are pricing their new home projects at a discount to drum up sales amid market-cooling measures, seeking to boost cash as a sliding currency raises the cost on debt repayment.Some builders are cutting as much as 10 per cent off their selling prices to boost cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-debt-laden-developers-offer-discounts-and-giveaways-to-sell-more-flats-to-boost-cash-flow\/","url_meta":{"origin":99484,"position":2},"title":"China\u2019s debt-laden developers offer discounts and giveaways to sell more flats to boost cash flow","date":"September 26, 2018","format":false,"excerpt":"\r China\u2019s property developers are aggressively ramping up marketing efforts to sell more flats to boost cash flow as buyers in the biggest mainland cities are in no hurry to make purchases in the current market slump. Developers in first-tier Chinese cities have adopted numerous marketing tactics to capitalise on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-users-say-new-home-sales-discrimination-is-rife-as-more-developers-demand-upfront-payments\/","url_meta":{"origin":99484,"position":3},"title":"Mortgage users say new home sales discrimination is rife, as more developers demand upfront payments","date":"April 10, 2018","format":false,"excerpt":"\r Homebuyers in some Chinese cities claim they are being barred from purchasing new properties, unless they pay in cash, without the use of a mortgage. A combination of factors have led to the phenomenon, say commentators, including more new home price controls, a shortage of supply, and long waiting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-regulators-scold-developers-for-bad-behaviour-fearing-massive-price-cuts-could-lead-to-social-instability\/","url_meta":{"origin":99484,"position":4},"title":"Chinese regulators scold developers for \u2018bad behaviour\u2019, fearing massive price cuts could lead to social instability","date":"May 9, 2023","format":false,"excerpt":"\r One developer in Kunshan was offering discounts of over 25 per cent on new homes, while another was giving away free parking spaces, in a bid to boost home sales that had slumped by 14 per cent month on month in April.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-country-garden-among-chinese-developers-cutting-prices-to-boost-sales-further-weighing-down-sluggish-economy\/","url_meta":{"origin":99484,"position":5},"title":"Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy","date":"August 22, 2019","format":false,"excerpt":"\r Winter has come for China\u2019s otherwise frenzied housing market, as the country\u2019s top property developers slash prices to boost sluggish sales.China Evergrande, the country\u2019s third-largest developer by sales, said it was launching a two-month campaign offering discounts of up to 22 per cent on 532 projects across China, starting\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\/99484"}],"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=99484"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99484\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}