{"id":103899,"date":"2019-02-12T07:16:04","date_gmt":"2019-02-12T00:16:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices\/"},"modified":"2019-02-12T08:03:29","modified_gmt":"2019-02-12T01:03:29","slug":"hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices\/","title":{"rendered":"Hong Kong\u2019s glut of unsold flats could put more pressure on prices"},"content":{"rendered":"


\nHong Kong home builders could face greater pressure to slash \u00adprices as the number of completed but unsold new flats they held increased at the end of last year.
\nAnalysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from the current levels on completed unsold units, stepping up efforts to lower inventory as the government\u2019s proposed vacancy tax looms.
\nThe city\u2019s developers held 3,295 unsold homes which were completed in 2017 and 2018…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s glut of unsold flats could put more pressure on prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong home builders could face greater pressure to slash \u00adprices as the number of...<\/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-103899","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-r1N","jetpack-related-posts":[{"id":109286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-unlikely-to-increase-prices-of-new-flats-as-they-try-to-offload-8500-unsold-units-centaline-says\/","url_meta":{"origin":103899,"position":0},"title":"Hong Kong developers unlikely to increase prices of new flats as they try to offload 8,500 unsold units, Centaline says","date":"July 24, 2019","format":false,"excerpt":"\r Hong Kong builders will probably leave their prices virtually unchanged in the second half of the year, having accumulated close to 8,500 unsold units since 2016, according to Centaline Property Agency.The developers may be keener than they have been in the past to offload the stock because of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-shun-property-sales-for-the-fourth-weekend-in-a-row-as-they-await-better-deals-amid-a-glut-of-options\/","url_meta":{"origin":103899,"position":1},"title":"Hong Kong\u2019s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options","date":"May 16, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property sales flopped for the fourth straight weekend, as homebuyers turned their backs on unsold projects to wait for better discounts, amid a real estate slump in the city\u2019s worst economic contraction in decades.Wheelock Properties sold 13 flats, or 13 per cent of the 101 units on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113447,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-set-to-vie-for-buyers-affection-as-a-glut-of-new-flats-floods-the-market\/","url_meta":{"origin":103899,"position":2},"title":"Hong Kong developers set to vie for buyers\u2019 affection as a glut of new flats floods the market","date":"January 7, 2020","format":false,"excerpt":"\r Hong Kong developers could come under pressure to reduce prices amid a spate of new project launches, according to market observers.Centaline Property Agency said on Monday that six developers who hold 5,120 unsold flats since 2016 are likely to speed up sales to avoid the soon-to-be introduced vacancy tax.Combined\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-posts-mixed-weekend-sales-results-as-home-buyers-are-spoilt-for-choice-amid-supply-glut-and-easy-financing-options\/","url_meta":{"origin":103899,"position":3},"title":"Hong Kong posts mixed weekend sales results as home buyers are spoilt for choice amid supply glut and easy financing options","date":"August 22, 2020","format":false,"excerpt":"\r Hong Kong\u2019s weekend home sales were mixed as buyers snapped up flats at a relatively new project in Tuen Mun while giving their collective cold shoulder to the double-digit discounts offered at scores of flats left unsold since December in Cheung Sha Wan.Henderson Land Development, the marketing agent for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders\/","url_meta":{"origin":103899,"position":4},"title":"Hong Kong\u2019s proposed vacancy tax could have this one unintended consequence on home builders","date":"July 17, 2018","format":false,"excerpt":"\r The Hong Kong government\u2019s plan to impose a vacancy tax on property developers who hoard empty, unsold flats could have the unintended consequence of spurring home builders to reclassify some units for the rental market. Sun Hung Kai Properties (SHKP), which has the biggest hoard of completed flats, said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pressure-from-beijing-looming-vacancy-tax-will-force-hong-kongs-developers-into-faster-and-cheaper-project-launches-say-analysts\/","url_meta":{"origin":103899,"position":5},"title":"Pressure from Beijing, looming vacancy tax will force Hong Kong\u2019s developers into faster and cheaper project launches, say analysts","date":"September 17, 2019","format":false,"excerpt":"\r Hong Kong\u2019s developers are coming under mounting pressure to slash their prices and offload new projects as quickly as possible, according to analysts.The pressure is coming from two sources: a looming tax on unsold flats, and a series of Chinese state-media commentaries last week urging the Hong Kong government\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\/103899"}],"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=103899"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103899\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}