{"id":105771,"date":"2019-04-04T19:10:16","date_gmt":"2019-04-04T12:10:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-promise-to-sell-20-per-cent-of-flats-in-housing-projects-on-open-market-as-government-condemns-unfair-tender-process\/"},"modified":"2019-04-04T20:06:39","modified_gmt":"2019-04-04T13:06:39","slug":"hong-kong-developers-promise-to-sell-20-per-cent-of-flats-in-housing-projects-on-open-market-as-government-condemns-unfair-tender-process","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-promise-to-sell-20-per-cent-of-flats-in-housing-projects-on-open-market-as-government-condemns-unfair-tender-process\/","title":{"rendered":"Hong Kong developers promise to sell 20 per cent of flats in housing projects on open market as government condemns \u2018unfair\u2019 tender process"},"content":{"rendered":"


\nThe industry body for Hong Kong\u2019s property developers said its members would from now on ensure that 20 per cent of flats in a new project are sold on the open market, as the government warned it could take action against those that sell through tender.Lawmakers have slammed developers for the increasingly widespread and \u201cunfair\u201d practice of selling new flats through tender, a marketing tactic they claim puts the buyer at a disadvantage. And they were quick to criticise Thursday\u2019s decision by\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers promise to sell 20 per cent of flats in housing projects on open market as government condemns \u2018unfair\u2019 tender process<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The industry body for Hong Kong\u2019s property developers said its members would from now 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-105771","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-rvZ","jetpack-related-posts":[{"id":72927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-flats-sold-through-tender-are-likely-to-yield-higher-prices-for-developers\/","url_meta":{"origin":105771,"position":0},"title":"Hong Kong flats sold through tender are likely to yield higher prices for developers","date":"November 26, 2017","format":false,"excerpt":"\r Sale by tender appears to be an effective way of boosting the price of flats in Hong Kong, from The Peak to Lohas Park, as opposed to the open market. About 80 per cent of flats put up for sale through tenders have achieved record prices for their particular\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-sell-flats-on-concerns-new-government-measures-could-cool-demand\/","url_meta":{"origin":105771,"position":1},"title":"Hong Kong developers rush to sell flats on concerns new government measures could cool demand","date":"July 6, 2018","format":false,"excerpt":"\r Hong Kong developers are rushing to unload their unsold stocks of properties as fears grow of tougher market conditions after the government announced new measures to ease the city\u2019s long running housing problems. Last week the city\u2019s chief executive, Carrie Lam Cheng Yuet-ngor, announced a vacancy tax on newly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-face-fresh-pressure-to-sell-as-completed-new-units-jump-30-per-cent-in-third-quarter\/","url_meta":{"origin":105771,"position":2},"title":"Hong Kong developers face fresh pressure to sell as completed new units jump 30 per cent in third quarter","date":"October 26, 2018","format":false,"excerpt":"\r New flats have been quickly rolling off the Hong Kong assembly line, recording a 30 per cent jump in the completion rate in the July-to-September period, adding pressure on developers to speed up sales ahead of an expected vacancy tax to deter hoarding. Private flat completion stood at 6,500\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-to-offer-more-than-200-flats-amid-rate-optimism\/","url_meta":{"origin":105771,"position":3},"title":"Hong Kong developers to offer more than 200 flats amid rate optimism","date":"August 15, 2025","format":false,"excerpt":"\r Hong Kong developers are selling more than 200 residential units on Friday, taking advantage of improved buying sentiment fuelled by anticipation that interest rates will start to fall as early as next month. Two projects account for most of the available homes. A consortium led by Sino Land will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-enter-the-market-as-developers-dangle-discounts-to-end-nine-weeks-of-slumping-property-sales\/","url_meta":{"origin":105771,"position":4},"title":"Hong Kong homebuyers enter the market, as developers dangle discounts to end nine weeks of slumping property sales","date":"May 23, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers came off the sidelines to nibble at more than 200 flats offered at two projects, as developers slashed prices to end nine consecutive weeks of sales flops.Sun Hung Kai Properties (SHKP), the city\u2019s most valuable developer, managed to sell 162 of 200 flats, or 80 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-should-offer-cheap-new-flats-on-open-market-instead-of-going-through-opaque-tender-process-industry-guild-warns\/","url_meta":{"origin":105771,"position":5},"title":"Hong Kong developers should offer cheap new flats on open market instead of going through opaque tender process, industry guild warns","date":"April 3, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property developers are being urged to offer cheap flats on the open market instead of selling through tender, an opaque marketing tactic that can lead to buyers being overcharged.The Real Estate Developers Association (REDA), which represents 800 members including most construction firms in Hong Kong, said it\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\/105771"}],"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=105771"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}