{"id":109872,"date":"2019-08-14T06:05:18","date_gmt":"2019-08-13T23:05:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-deposit-for-land-sales-will-add-pressure-on-small-firms-tightening-the-big-developers-grip-on-hong-kongs-land-supply\/"},"modified":"2019-08-14T07:03:31","modified_gmt":"2019-08-14T00:03:31","slug":"higher-deposit-for-land-sales-will-add-pressure-on-small-firms-tightening-the-big-developers-grip-on-hong-kongs-land-supply","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-deposit-for-land-sales-will-add-pressure-on-small-firms-tightening-the-big-developers-grip-on-hong-kongs-land-supply\/","title":{"rendered":"Higher deposit for land sales will add pressure on small firms, tightening the big developers\u2019 grip on Hong Kong\u2019s land supply"},"content":{"rendered":"


\nThe recent move by Hong Kong\u2019s government to double the deposit for land tender sales, raised to deter defaults, will add to the financing pressure on small developers and put them at a disadvantage when they buy land in the world\u2019s most expensive property market, analysts said.A HK$50 million (US$6.4 million) deposit now applies on all land parcels that are valued at over HK$400 million, while plots assessed at between HK$200 million and less than HK$300 million requires a non-refundable\u2026
\n
\nSource : South China Morning Post
\nRead more…Higher deposit for land sales will add pressure on small firms, tightening the big developers\u2019 grip on Hong Kong\u2019s land supply<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The recent move by Hong Kong\u2019s government to double the deposit for land tender sales,...<\/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-109872","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-sA8","jetpack-related-posts":[{"id":75195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-politics-deter-options-to-alter-land-sales-policy-cut-property-prices\/","url_meta":{"origin":109872,"position":0},"title":"Hong Kong\u2019s politics deter options to alter land sales policy, cut property prices","date":"December 23, 2017","format":false,"excerpt":"\r Hong Kong\u2019s government is on track to post a record haul from selling land to housing and commercial developers in its fiscal year ending March 2018, bolstered by ever-rising prices in the world\u2019s most expensive urban centre. For the eight months ended November, and with another quarter to go\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-sale-in-hong-kongs-trendy-soho-district-draws-developers-in-record-numbers\/","url_meta":{"origin":109872,"position":1},"title":"Land sale in Hong Kong\u2019s trendy Soho district draws developers in record numbers","date":"January 10, 2017","format":false,"excerpt":"\r Forty-three developers expressed an interest in the Urban Renewal Authority\u2019s commercial and residential project near Hong Kong\u2019s Soho district on Tuesday, a new record in terms of initial responses for tender. The 9,580 square-foot plot, on Peel Street, is expected to fetch between HK$1.3 billion and HK$1.5 billion, or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-nano-land-site-in-the-new-territories-draws-interest-from-small-developers\/","url_meta":{"origin":109872,"position":2},"title":"Hong Kong\u2019s nano land site in the New Territories draws interest from small developers","date":"December 22, 2017","format":false,"excerpt":"\r A residential site in Hong Kong\u2019s New Territories, which is equivalent to half the size of a basketball court and the smallest plot offered by a government tender in a decade, has drawn strong response. The Lands Department said it had received 19 bidders for the lot after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-rush-to-bid-for-kai-taks-latest-residential-land-plot-as-bull-market-returns-to-hong-kongs-real-estate\/","url_meta":{"origin":109872,"position":3},"title":"Developers rush to bid for Kai Tak\u2019s latest residential land plot as bull market returns to Hong Kong\u2019s real estate","date":"May 3, 2019","format":false,"excerpt":"\r Developers submitted seven bids for the third-largest residential plot at Hong Kong's former Kai Tak airport, as April sales data showed home transactions jumping by 52.8 per cent from March, in a clear sign of the bull market\u2019s return to the world's most expensive city.Kai Tak\u2019s Area 4C Site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-hong-kong-government-says-xie-xie\/","url_meta":{"origin":109872,"position":4},"title":"Chinese developers, Hong Kong government says xie xie","date":"December 29, 2016","format":false,"excerpt":"\r Hong Kong\u2019s government revenue from land sales rose to a record HK$71.88 billion in the first nine months of the 2016 fiscal year ending March 31, as HNA Group led mainland Chinese developers in their buying spree in the city. With the final HK$5.868 billion from a sale at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/technology-will-help-move-the-needle-in-hong-kongs-traditional-property-market\/","url_meta":{"origin":109872,"position":5},"title":"Technology will help move the needle in Hong Kong\u2019s traditional property market","date":"March 13, 2018","format":false,"excerpt":"\r Hong Kong developers and occupiers need to incorporate property technology to ensure the city\u2019s real estate remains attractive. At the start of the Year of the Dog, the Hong Kong Government unveiled the annual budget with a record-breaking surplus of HK$138 billion (US$17.7 billion). Land sales continue to be\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\/109872"}],"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=109872"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}