{"id":100929,"date":"2018-11-05T19:58:07","date_gmt":"2018-11-05T12:58:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/just-40-per-cent-of-new-flats-at-reach-summit-project-in-yuen-long-sell-as-hong-kong-market-loses-steam\/"},"modified":"2018-11-05T21:03:15","modified_gmt":"2018-11-05T14:03:15","slug":"just-40-per-cent-of-new-flats-at-reach-summit-project-in-yuen-long-sell-as-hong-kong-market-loses-steam","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/just-40-per-cent-of-new-flats-at-reach-summit-project-in-yuen-long-sell-as-hong-kong-market-loses-steam\/","title":{"rendered":"Just 40 per cent of new flats at Reach Summit project in Yuen Long sell as Hong Kong market loses steam"},"content":{"rendered":"


\nThe latest sign that Hong Kong\u2019s property market has taken a turn for the worse came on Monday when well under half of the new flats on offer at a mass housing project in Yuen Long managed to find buyers.
\nHenderson Land Development and New World Development had sold just 60 out of the 152 small units up for grabs at Reach Summit by 8pm, a hugely disappointing figure in a city used to seeing new batches of apartments snapped up on the first day.
\nThe flats at Reach Summit ranged in size…
\n
\nSource : South China Morning Post
\nRead more…Just 40 per cent of new flats at Reach Summit project in Yuen Long sell as Hong Kong market loses steam<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest sign that Hong Kong\u2019s property market has taken a turn for the worse...<\/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-100929","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-qfT","jetpack-related-posts":[{"id":101406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-reports-the-worst-sales-weekend-in-years-as-private-launches-fail-to-keep-up-with-governments-discounted-housing\/","url_meta":{"origin":100929,"position":0},"title":"Hong Kong reports the worst sales weekend in years as private launches fail to keep up with government\u2019s discounted housing","date":"November 17, 2018","format":false,"excerpt":"\r Hong Kong\u2019s residential property market reported its worst sales weekend in years, as the wind was taken out of the sails of two private project launches by a government offer of discounted housing for first-home buyers. The Reach Summit project in Yuen Long, jointly built by Henderson Land Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-sell-empty-flats-ahead-of-new-vacancy-tax\/","url_meta":{"origin":100929,"position":1},"title":"Hong Kong developers rush to sell empty flats ahead of new vacancy tax","date":"June 20, 2018","format":false,"excerpt":"\r Property developers are rushing to offload vacant flats before the government unveils details of a new tax on empty units this month. Having stood unoccupied for the last five years, New World Development said it will release the last 38 homes in phase one of its Park Villa project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109910,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-in-yuen-long-and-north-point-begin-to-sell-properties-at-a-loss-to-escape-the-worsening-social-turmoil\/","url_meta":{"origin":100929,"position":2},"title":"Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil","date":"August 15, 2019","format":false,"excerpt":"\r Property owners in Yuen Long and North Point, two battlefield districts that have seen the most violent clashes in Hong Kong\u2019s 10-week old protest rallies, are selling their flats at losses as they bail out of the market amid the worsening civic unrest.Prices may dip 3 per cent at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yuen-long-to-see-largest-supply-of-new-flats-in-hong-kong-this-year\/","url_meta":{"origin":100929,"position":3},"title":"Yuen Long to see largest supply of new flats in Hong Kong this year","date":"February 23, 2016","format":false,"excerpt":"\r Yuen Long will be the area providing the largest supply of new flats this year, suggesting that developers will adopt a low price strategy to compete for budget buyers who will have an array of choices.\r \r Source : South China Morning Post\r Read more...Yuen Long to see largest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-sales-grind-to-a-near-halt-ahead-of-the-lunar-new-year-holiday\/","url_meta":{"origin":100929,"position":4},"title":"Hong Kong home sales grind to a near halt ahead of the Lunar New Year holiday","date":"February 2, 2019","format":false,"excerpt":"\r Hong Kong\u2019s primary real estate market has hit a soft patch ahead of the Lunar New Year, a normal seasonal pattern before the annual holiday which gets underway next week, although analysts caution that potential buyers are especially jittery amid the current drop in home prices. Only two of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-plans-to-increase-supply-of-flats-by-56-per-cent-at-yuen-long-cheung-sha-wan-residential-projects\/","url_meta":{"origin":100929,"position":5},"title":"Sun Hung Kai plans to increase supply of flats by 56 per cent at Yuen Long, Cheung Sha Wan residential projects","date":"October 5, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) has filed an application with the Hong Kong government to increase the capacity of two residential projects by a combined 56 per cent, as the government struggles to increase land supply.In its application to the Town Planning Board on Friday, SHKP said it plans\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\/100929"}],"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=100929"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}