{"id":110248,"date":"2019-08-27T20:56:28","date_gmt":"2019-08-27T13:56:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/"},"modified":"2019-08-27T22:05:14","modified_gmt":"2019-08-27T15:05:14","slug":"mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/","title":{"rendered":"Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit"},"content":{"rendered":"


\nThe mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than a car park at 128 sq ft \u2013 said the development was profitable even after it cut prices by as much as 38 per cent to as low as HK$1.73 million (US$220,514) per unit in July.Jiayuan International, which acquired a 70.1 per cent stake in the TPlus project from Hong Kong retail magnate Tang Shing-bor for HK$657.5 million in May 2018, said it and Tang had generated about HK$1.1 billion in revenue from\u2026
\n
\nSource : South China Morning Post
\nRead more…Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than...<\/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-110248","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-sGc","jetpack-related-posts":[{"id":108733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-micro-flats-at-t-plus-in-tuen-mun-slashed-by-38-per-cent-as-developer-looks-to-lure-back-buyers\/","url_meta":{"origin":110248,"position":0},"title":"Prices of micro flats at T-Plus in Tuen Mun slashed by 38 per cent as developer looks to lure back buyers","date":"July 5, 2019","format":false,"excerpt":"\r The developer of a micro flat project in Hong Kong has cut the price of flats that are smaller than a car parking space by 38 per cent, after managing to sell only two units during the initial launch in December.Prices were unveiled on Thursday for 36 flats at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-of-some-of-hong-kongs-smallest-abodes-may-have-sold-at-a-loss-just-to-clear-the-flats-off-its-books-to-avoid-vacancy-tax\/","url_meta":{"origin":110248,"position":1},"title":"Developer of some of Hong Kong\u2019s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax","date":"July 17, 2019","format":false,"excerpt":"\r Mainland property developers that arrived late to Hong Kong are discovering not everything always ends well when it comes to risk taking in the world\u2019s least affordable market for home ownership.Chinese developer Jiayuan International Group appears on track for a slim profit or even a loss in its first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141281,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-of-hong-kong-micro-flats-jiayuan-gets-closer-to-liquidation-after-buyers-shunned-parking-space-sized-homes\/","url_meta":{"origin":110248,"position":2},"title":"Developer of Hong Kong micro flats Jiayuan gets closer to liquidation after buyers shunned parking-space-sized homes","date":"January 11, 2024","format":false,"excerpt":"\r The company got buzz with the launch of flats as small as 131 sq ft in 2019, but poor sales and record high interest rates weighed on its debts.\r \r Source : South China Morning Post\r Read more...Developer of Hong Kong micro flats Jiayuan gets closer to liquidation after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-reports-57pc-increase-in-first-half-core-profit-on-strong-home-sales\/","url_meta":{"origin":110248,"position":3},"title":"Sun Hung Kai reports 57pc increase in first half core profit on strong home sales","date":"February 28, 2017","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest property developer by market capitalisation, on Tuesday reported a 57 per cent increase in first-half underlying net profit, driven by strong home sales in Hong Kong. The developer, which has a diversified portfolio of flats, retail and office space in both Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-jiayuan-is-stuck-in-the-build-to-borrow-cycle\/","url_meta":{"origin":110248,"position":4},"title":"Mainland developer Jiayuan is \u2018stuck\u2019 in the build-to-borrow cycle","date":"April 24, 2019","format":false,"excerpt":"\r Mainland developer Jiayuan International was able to secure a credit line worth more than 43 billion yuan (HK$50 billion) to fund expansion, but industry players say the deal only highlights the predicament that forces China\u2019s property firms to keep borrowing.Jiayuan, which co-developed the nano-flat project T Plus in Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jiayuan-share-crash-coincided-with-selling-by-chairman-and-his-wife-disclosure-shows\/","url_meta":{"origin":110248,"position":5},"title":"Jiayuan share crash coincided with selling by chairman and his wife, disclosure shows","date":"January 22, 2019","format":false,"excerpt":"\r A Hong Kong developer, who holds the record for some of the smallest abodes built in the city, lost more than 80 per cent of its market value last week after a massive sell-off led by its chairman and his wife. Jiayuan International Group chairman Shum Tin Ching and\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\/110248"}],"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=110248"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}