{"id":108785,"date":"2019-07-07T09:30:06","date_gmt":"2019-07-07T02:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-public-rental-flats-no-longer-the-bargain-they-once-were-as-private-sector-prices-spill-over\/"},"modified":"2019-07-07T10:04:26","modified_gmt":"2019-07-07T03:04:26","slug":"hong-kongs-public-rental-flats-no-longer-the-bargain-they-once-were-as-private-sector-prices-spill-over","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-public-rental-flats-no-longer-the-bargain-they-once-were-as-private-sector-prices-spill-over\/","title":{"rendered":"Hong Kong\u2019s public rental flats no longer the bargain they once were as private sector prices spill over"},"content":{"rendered":"


\nBuying a lived-in public rental home used to be a cheaper option for Hongkongers wanting to get onto the city\u2019s famously steep property ladder.That may not be the case for much longer as soaring prices in the private sector spill over to government-subsidised homes.On Tuesday, the market was shocked when a 598 square foot, three-bedroom flat on the Fung Tak Estate in Wong Tai Sin, Kowloon, sold for HK$5.26 million (US$674,000), or HK$8,795 per square foot, making it the most expensive former\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s public rental flats no longer the bargain they once were as private sector prices spill over<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a lived-in public rental home used to be a cheaper option for Hongkongers wanting...<\/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-108785","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-siB","jetpack-related-posts":[{"id":43075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-hong-kong-flats-appears-to-defy-cooling-measures\/","url_meta":{"origin":108785,"position":0},"title":"Demand for Hong Kong flats appears to defy cooling measures","date":"February 6, 2017","format":false,"excerpt":"\r Hong Kong\u2019s residential property sector appears to be defying the government\u2019s best efforts to cool the market, as home prices continue to hit new highs. China Overseas Land & Investment said a 1,606 square-foot unit at Kai Tak, site of the city\u2019s former airport, sold for HK$48.19 million, or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tiny-flats-9pc-pricier-than-larger-homes-per-sq-ft\/","url_meta":{"origin":108785,"position":1},"title":"Hong Kong\u2019s tiny flats 9pc pricier than larger homes per sq ft","date":"August 29, 2017","format":false,"excerpt":"\r Hong Kong\u2019s second-hand tiny flats are 9 per cent more expensive than larger ones on a per square foot basis, as record-high home prices and government cooling measures have created a mismatch between supply and demand. The average per square foot price of second-hand flats smaller than 400 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103110,"url":"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\/","url_meta":{"origin":108785,"position":2},"title":"Discounts are the order of the day for Hong Kong\u2019s property developers to clear their stock, as prices trend downward","date":"January 19, 2019","format":false,"excerpt":"\r Sun 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. The developer sold every one of the 155\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":108785,"position":3},"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":122656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers\/","url_meta":{"origin":108785,"position":4},"title":"Hong Kong\u2019s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers","date":"October 19, 2021","format":false,"excerpt":"\r A real estate bull market in Hong Kong, the world\u2019s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose\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":108785,"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\/108785"}],"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=108785"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}