{"id":110307,"date":"2019-08-29T07:00:14","date_gmt":"2019-08-29T00:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-8000-agents-face-elimination-as-transactions-shrink-in-hong-kongs-rapidly-deteriorating-property-market\/"},"modified":"2019-08-29T08:03:49","modified_gmt":"2019-08-29T01:03:49","slug":"some-8000-agents-face-elimination-as-transactions-shrink-in-hong-kongs-rapidly-deteriorating-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-8000-agents-face-elimination-as-transactions-shrink-in-hong-kongs-rapidly-deteriorating-property-market\/","title":{"rendered":"Some 8,000 agents face \u2018elimination\u2019 as transactions shrink in Hong Kong\u2019s rapidly deteriorating property market"},"content":{"rendered":"


\nSome 8,000 agents face \u201celimination\u201d as the prolonged protests and US-China trade war hasten the decline in Hong Kong\u2019s property prices and shrink transactions amid a lack of buying interest.\u201cIn the last two weeks, the extent of decline has sped up,\u201d said Sammy Po, chief executive of the residential division at Midland Realty, adding that some homeowners were willing to slash prices by 10 per cent or more in the hope of finding buyers quickly.Po said as transactions shrink in the second half,\u2026
\n
\nSource : South China Morning Post
\nRead more…Some 8,000 agents face \u2018elimination\u2019 as transactions shrink in Hong Kong\u2019s rapidly deteriorating property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some 8,000 agents face \u201celimination\u201d as the prolonged protests and US-China trade war hasten the...<\/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-110307","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-sH9","jetpack-related-posts":[{"id":110048,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-banks-are-predicting-hong-kongs-home-prices-to-decline-as-persistent-public-unrest-sours-moods-and-crimps-transactions\/","url_meta":{"origin":110307,"position":0},"title":"More banks are predicting Hong Kong\u2019s home prices to decline, as persistent public unrest sours moods and crimps transactions","date":"August 20, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property prices are poised to decline by 10 per cent through March 2020, as the economy shrinks this year, according to a forecast by Morgan Stanley, the first bank to predict a contraction as street rallies across the city extend into their 12th week.\r\rThe \u201ckey drags\u201d of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-december-mortgages-shrink-21-1-as-high-rates-drive-homebuyers-to-sidelines\/","url_meta":{"origin":110307,"position":1},"title":"Hong Kong\u2019s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines","date":"January 28, 2025","format":false,"excerpt":"\r Mortgages shrank by 21.1 per cent last month to 6,306 applications from November, according to a statement by the Hong Kong Monetary Authority (HKMA).\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mall-owners-push-back-at-tenants-pleas-to-cut-rents-even-as-retail-sales-shrink-amid-unrelenting-protests\/","url_meta":{"origin":110307,"position":2},"title":"Hong Kong\u2019s mall owners push back at tenants\u2019 pleas to cut rents even as retail sales shrink amid unrelenting protests","date":"October 11, 2019","format":false,"excerpt":"\r Hong Kong\u2019s leading mall owners are looking at various options to help struggling tenants amid the unrelenting protests, but most of them are reluctant to commit to rent cuts even after the city recorded its worst monthly sales in August.Although Sun Hung Kai Properties, Wharf (Holdings), Hysan Development, Swire\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-flat-sales-surge-to-a-22-year-high-to-hk37-5-billion-in-april\/","url_meta":{"origin":110307,"position":3},"title":"Hong Kong\u2019s new flat sales surge to a 22-year high to HK$37.5 billion in April","date":"May 1, 2017","format":false,"excerpt":"\r Sales of new flats in Hong Kong surged to a 22-year high to HK$37.5 billion (US$4.82 billion) in April, driven by a rising number of big-ticket transactions and accelerated market launches by developers, according to property agents. Centaline Property Agency forecast that there would have been 2,700 registered transactions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-rooftops-signboards-offer-higher-rental-yields-say-property-agents\/","url_meta":{"origin":110307,"position":4},"title":"Hong Kong's rooftops, signboards offer higher rental yields, say property agents","date":"August 22, 2017","format":false,"excerpt":"\r Rooftops properties with signboard potential offer higher rental yields than other types of commercial real estate in Hong Kong, but buyers should be wary of risks, according to industry observers. Over the past three years there were a number of transactions involving rooftops with signboards, including The Star House,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-territories-home-prices-that-surged-most-in-hong-kongs-property-boom-are-falling-faster-in-the-downturn\/","url_meta":{"origin":110307,"position":5},"title":"New Territories home prices that surged most in Hong Kong\u2019s property boom are falling faster in the downturn","date":"November 7, 2018","format":false,"excerpt":"\r As Hong Kong\u2019s property market turns south, homeowners of New Territories properties are feeling the pinch more than others, as flat prices in the area have fallen faster and as much as 16 per cent since August. Among the area\u2019s top five residential estates by price decline based on\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\/110307"}],"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=110307"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110307\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}