{"id":106592,"date":"2019-04-26T13:24:58","date_gmt":"2019-04-26T06:24:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/completion-of-new-flats-in-hong-kong-plummets-to-four-year-low-as-looming-vacancy-tax-spooks-developers\/"},"modified":"2019-04-26T14:06:11","modified_gmt":"2019-04-26T07:06:11","slug":"completion-of-new-flats-in-hong-kong-plummets-to-four-year-low-as-looming-vacancy-tax-spooks-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completion-of-new-flats-in-hong-kong-plummets-to-four-year-low-as-looming-vacancy-tax-spooks-developers\/","title":{"rendered":"Completion of new flats in Hong Kong plummets to four-year low as looming vacancy tax spooks developers"},"content":{"rendered":"


\nThe number of new flats built to completion in Hong Kong plunged by 88 per cent to just 1,000 in the first three months of the year as developers fearful of the government\u2019s planned vacancy tax held back.It is the lowest number since the first quarter of 2015, and represents an enormous fall from 8,300 in the October to December period, according to figures released by the Transport and Housing Bureau on Friday.\u201cThe vacancy tax may be one of the reasons for the fall in completion of new flats\u2026
\n
\nSource : South China Morning Post
\nRead more…Completion of new flats in Hong Kong plummets to four-year low as looming vacancy tax spooks developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of new flats built to completion in Hong Kong plunged by 88 per...<\/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-106592","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-rJe","jetpack-related-posts":[{"id":98305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looming-vacancy-tax-is-prying-long-held-flats-from-hong-kong-developers-who-kept-them-locked-away-for-future-appreciation-riches\/","url_meta":{"origin":106592,"position":0},"title":"Looming vacancy tax is prying long-held flats from Hong Kong developers who kept them locked away for future appreciation riches","date":"September 21, 2018","format":false,"excerpt":"\r Hong Kong\u2019s tax on empty flats appears to be working. The city\u2019s cash-rich developers had hoarded more than 9,000 new flats as of June 29, according to government data, when the vacancy tax was first proposed. Some of the flats had been held for more than a decade. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-falls-well-short-of-target-for-completion-of-new-flats-as-protests-vacancy-tax-cause-construction-slowdown\/","url_meta":{"origin":106592,"position":1},"title":"Hong Kong government falls well short of target for completion of new flats as protests, vacancy tax cause construction slowdown","date":"January 7, 2020","format":false,"excerpt":"\r The Hong Kong government looked likely to fall well short of its 2019 target for completion of new flats, according to official data released on Tuesday.By the end of November, it had achieved just 63 per cent of the full-year target, with analysts blaming a slowdown in construction as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-quarterly-home-completion-data-shows-huge-supply-surge\/","url_meta":{"origin":106592,"position":2},"title":"Hong Kong quarterly home completion data shows huge supply surge","date":"July 27, 2018","format":false,"excerpt":"\r The number of completed flats was up 317 per cent in the April to June period from the previous quarter, adding pressure on developers to speed up sales over the next several months in anticipation of the government\u2019s proposed vacancy tax to deter hoarding and increase supply. The number\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":106592,"position":3},"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":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":106592,"position":4},"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":87859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-speed-up-sale-of-empty-flats-as-plans-for-vacancy-tax-gathers-steam\/","url_meta":{"origin":106592,"position":5},"title":"Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam","date":"May 12, 2018","format":false,"excerpt":"\r Last week, property agent Alvin Tai brought three clients to view four units on the 85th floor of the Cullinan luxury development near Kowloon MTR station that has been left unsold by the developer Sun Hung Kai Properties for more than 10 years, in the hope of closing deals\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\/106592"}],"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=106592"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}