{"id":100670,"date":"2018-10-30T08:03:52","date_gmt":"2018-10-30T01:03:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/surge-in-hongkongers-walking-away-from-new-home-deposits-as-confidence-wanes\/"},"modified":"2018-10-30T09:03:32","modified_gmt":"2018-10-30T02:03:32","slug":"surge-in-hongkongers-walking-away-from-new-home-deposits-as-confidence-wanes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/surge-in-hongkongers-walking-away-from-new-home-deposits-as-confidence-wanes\/","title":{"rendered":"Surge in Hongkongers walking away from new-home deposits as confidence wanes"},"content":{"rendered":"


\nThe number of Hong Kong homebuyers walking away from new home purchase agreements \u2013 and the 5 per cent deposits used to secure their applications \u2013 has surged to a record high, reflecting growing bearishness on the outlook for the world\u2019s most expensive property market.
\nSince the start of the year through last Friday, a total of 36 homebuyers have opted to cancel their applications, in some cases forfeiting deposits worth as much as HK$2 million (US$254,979), according to data…
\n
\nSource : South China Morning Post
\nRead more…Surge in Hongkongers walking away from new-home deposits as confidence wanes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Hong Kong homebuyers walking away from new home purchase agreements \u2013 and...<\/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-100670","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-qbI","jetpack-related-posts":[{"id":148890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-to-keep-forfeiting-flat-deposits-at-high-rate-agents-forecast\/","url_meta":{"origin":100670,"position":0},"title":"Hongkongers to keep forfeiting flat deposits at high rate, agents forecast","date":"January 22, 2025","format":false,"excerpt":"\r Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.\r \r Source : South China Morning Post\r Read more...Hongkongers to keep forfeiting flat deposits at high rate, agents forecast","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/give-britains-young-homebuyers-state-loans-for-deposits-urges-report\/","url_meta":{"origin":100670,"position":1},"title":"Give Britain\u2019s young homebuyers state loans for deposits, urges report","date":"July 29, 2018","format":false,"excerpt":"\r Government should help millions get on the housing ladderYoung people struggling to buy their first home should be offered loans by the government to help them pay the deposit, according to a new report which warns that reduced home ownership and the recent surge in private renting is damaging\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-come-out-in-droves-to-buy-property-even-as-developers-steadily-raise-prices-amid-improving-confidence\/","url_meta":{"origin":100670,"position":2},"title":"Hongkongers come out in droves to buy property even as developers steadily raise prices amid improving confidence","date":"November 8, 2020","format":false,"excerpt":"\r Hong Kong homebuyers snapped up dozens of new flats on Sunday, in a bumper weekend of home sales amid easing fears over a fourth wave of the coronavirus outbreak and resilient demand from first-time homebuyers.Hong Kong Ferry Holdings and Empire Group had sold 85, or nearly 70 per cent,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-outlying-islands-see-popularity-surge-as-homebuyers-swap-convenience-of-city-life-for-peace-and-quiet-amid-shift-to-remote-working\/","url_meta":{"origin":100670,"position":3},"title":"Hong Kong\u2019s outlying islands see popularity surge as homebuyers swap convenience of city life for peace and quiet amid shift to remote working","date":"February 3, 2021","format":false,"excerpt":"\r Houses on Hong Kong\u2019s outlying islands, which are 40 per cent cheaper than their urban counterparts, are enjoying a surge in popularity as a shift to home-working during the coronavirus pandemic changes the priorities of potential buyers.The number of homes changing hands on islands like Lantau, Tung Chung and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112615,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-king-wai-buys-portuguese-digital-bank-bni-europa-tapping-opportunity-as-hongkongers-seek-overseas-residency-amid-political-crisis\/","url_meta":{"origin":100670,"position":4},"title":"Hong Kong King Wai buys Portuguese digital bank BNI Europa, tapping opportunity as Hongkongers seek overseas residency amid political crisis","date":"November 25, 2019","format":false,"excerpt":"\r Conglomerate Hong Kong King Wai Group has acquired a digital bank based in Portugal, in a move motivated by Beijing\u2019s push to forge closer business ties with Portuguese-speaking economies and the rising demand from Hongkongers seeking permanent residency in Europe amid escalating unrest in their home city.\r\rThe group secured\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/south-koreas-ban-on-foreign-homebuyers-to-cool-seoul-prices-chinese-spending\/","url_meta":{"origin":100670,"position":5},"title":"South Korea\u2019s ban on foreign homebuyers to cool Seoul prices, Chinese spending","date":"September 14, 2025","format":false,"excerpt":"\r South Korea\u2019s new restrictions on foreign homebuyers are likely to cool housing prices in Seoul and neighbouring cities, according to property agents, following a surge in the number of buyers from mainland China and Hong Kong who bought homes in the middle and high-end segments of the market. Hongkongers\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\/100670"}],"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=100670"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}