{"id":103110,"date":"2019-01-19T18:17:07","date_gmt":"2019-01-19T11:17:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/discounts-are-the-order-of-the-day-for-hong-kongs-property-developers-to-clear-their-stock-as-prices-trend-downward\/"},"modified":"2019-01-19T19:05:51","modified_gmt":"2019-01-19T12:05:51","slug":"discounts-are-the-order-of-the-day-for-hong-kongs-property-developers-to-clear-their-stock-as-prices-trend-downward","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/discounts-are-the-order-of-the-day-for-hong-kongs-property-developers-to-clear-their-stock-as-prices-trend-downward\/","title":{"rendered":"Discounts are the order of the day for Hong Kong\u2019s property developers to clear their stock, as prices trend downward"},"content":{"rendered":"


\nSun Hung Kai Properties, Hong Kong\u2019s biggest home developer, sold all of its flats on offer at Ma Tau Kok over the weekend, after discounting prices by 50 per cent on average, compared with a similar project in the same neighbourhood.
\nThe developer sold every one of the 155 flats in the first batch at the Downtown 38 apartment complex on Pai Tak Street in Ma Tau Kok, where prices for the units ranged from between HK$5.4 million and HK$7.9 million, or HK$17,621 to HK$19,193 per square foot…
\n
\nSource : South China Morning Post
\nRead more…Discounts are the order of the day for Hong Kong\u2019s property developers to clear their stock, as prices trend downward<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sun Hung Kai Properties, Hong Kong\u2019s biggest home developer, sold all of its flats 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-103110","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-qP4","jetpack-related-posts":[{"id":75838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-prices-for-luxury-flats-in-hong-kongs-north-point-unlikely-to-boost-whole-area\/","url_meta":{"origin":103110,"position":0},"title":"Record prices for luxury flats in Hong Kong\u2019s North Point unlikely to boost whole area","date":"January 5, 2018","format":false,"excerpt":"\r Record prices have been set at a luxury flat development in Hong Kong\u2019s Island East district recently, thanks to strong demand, but there is unlikely to be a knock-on effect on other property in the area, where the housing stock is much older, analysts said. Developer Sun Hung Kai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flats-at-kwok-family-project-in-east-london-start-at-hk3-9-million\/","url_meta":{"origin":103110,"position":1},"title":"Flats at Kwok family project in East London start at HK$3.9 million","date":"May 23, 2017","format":false,"excerpt":"\r The Kwok family, controlling shareholders of Sun Hung Kai Properties, is to offer a \u00a3500 million (US$651.4 million) joint venture riverside residential project in East London at prices below those being achieved at apartments in Hong Kong\u2019s Sha Tau Kok frontier town. Goodluck Hope, a 50-50 joint venture development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-hours-at-shks-sell-out-flats-show-developers-they-can-keep-hong-kongs-home-prices-high\/","url_meta":{"origin":103110,"position":2},"title":"Four hours at SHK\u2019s sell-out flats show developers they can keep Hong Kong\u2019s home prices high","date":"July 15, 2018","format":false,"excerpt":"\r Four hours. That\u2019s all it took for Sun Hung Kai Properties to sell all but one of the 45 units at its Victoria Harbour apartment project in North Point on Sunday for a total sales value estimated at HK$600 million (US$76 million). A corporate buyer, who remains unidentified, even\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-tests-market-resilience-with-new-batch-of-flats-at-hong-kongs-sierra-sea-project\/","url_meta":{"origin":103110,"position":3},"title":"SHKP tests market resilience with new batch of flats at Hong Kong\u2019s Sierra Sea project","date":"January 17, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), the city\u2019s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city\u2019s home market. SHKP sold 78 flats out of 229 units on offer at the Sierra Sea project in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-nan-fung-development-prices-island-garden-units-at-market-rate\/","url_meta":{"origin":103110,"position":4},"title":"Hong Kong\u2019s Nan Fung Development prices Island Garden units at market rate","date":"September 27, 2016","format":false,"excerpt":"\r Hong Kong developers are adopting firmer pricing strategies after new project launches have generated overwhelming buyer response, with Nan Fung Development offering units in Shau Kei Wan at a similar price as a nearby project released last month. On Tuesday Nan Fung released prices for the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104851,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-first-home-buyers-snap-up-hendersons-vantage-flats-in-hung-hom-giving-respite-to-declining-property-prices\/","url_meta":{"origin":103110,"position":5},"title":"Hong Kong\u2019s first-home buyers snap up Henderson\u2019s Vantage flats in Hung Hom, giving respite to declining property prices","date":"March 9, 2019","format":false,"excerpt":"\r Hong Kong\u2019s weekend property buyers are back, as more than 2,000 people thronged a sales office to bid for 246 flats offered by Henderson Land Development in Hung Hom.The selling price of Henderson\u2019s Vantage project starts from HK$3.83 million for the smallest 170 square feet unit, to HK$8.57 million\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\/103110"}],"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=103110"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}