{"id":111662,"date":"2019-10-17T19:23:09","date_gmt":"2019-10-17T12:23:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-policy-cushions-hong-kongs-property-slump-adding-us3-billion-to-wealth-of-citys-six-richest-real-estate-tycoons\/"},"modified":"2019-10-17T20:09:18","modified_gmt":"2019-10-17T13:09:18","slug":"housing-policy-cushions-hong-kongs-property-slump-adding-us3-billion-to-wealth-of-citys-six-richest-real-estate-tycoons","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-policy-cushions-hong-kongs-property-slump-adding-us3-billion-to-wealth-of-citys-six-richest-real-estate-tycoons\/","title":{"rendered":"Housing policy cushions Hong Kong\u2019s property slump, adding US$3 billion to wealth of city\u2019s six richest real estate tycoons"},"content":{"rendered":"


\nThe Hong Kong government\u2019s relaxation of mortgage payment rules for the first time in nine years would help spur sales of lived-in homes by as much as 30 per cent in the quarter ending in December, putting a cushion under the slump in the city\u2019s real estate sales.In her televised policy address on Wednesday, the city\u2019s Chief Executive Carrie Lam Cheng Yuet-ngor unexpectedly raised the mortgage cap to 90 per cent, from 60 per cent, for home worth as much as HK$8 million (US$1 million), enabling\u2026
\n
\nSource : South China Morning Post
\nRead more…Housing policy cushions Hong Kong\u2019s property slump, adding US billion to wealth of city\u2019s six richest real estate tycoons<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government\u2019s relaxation of mortgage payment rules for the first time in nine...<\/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-111662","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-t30","jetpack-related-posts":[{"id":123845,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-prices-to-fall-in-2022-as-stock-market-slump-creates-negative-wealth-effect-morgan-stanley-says-marking-a-halt-in-citys-decade-long-real-estate-bu\/","url_meta":{"origin":111662,"position":0},"title":"Hong Kong\u2019s home prices to fall in 2022 as stock market slump creates \u2018negative wealth effect\u2019, Morgan Stanley says, marking a halt in city\u2019s decade-long real estate bull run","date":"December 16, 2021","format":false,"excerpt":"\r The prices of Hong Kong\u2019s lived-in homes may decline in 2022, reversing 13 years of gains, as a plunge in the stock market has created a \u201cnegative wealth effect\u201d on investors and speculators, Morgan Stanley said.Overall prices may fall by 2 per cent next year, the US bank\u2019s equity\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-eyes-are-on-victor-li-as-he-steers-the-cheung-kong-group-through-hong-kongs-worst-economic-slump-in-decades\/","url_meta":{"origin":111662,"position":1},"title":"All eyes are on Victor Li, as he steers the Cheung Kong Group through Hong Kong\u2019s worst economic slump in decades","date":"March 19, 2020","format":false,"excerpt":"\r Victor Li Tzar-kuoi, the elder son of Hong Kong's richest man, said the two flagship companies founded by his father nearly seven decades ago are financially adequate to survive and thrive in the city\u2019s worst economic slump in decades.CK Hutchison, which owns businesses from chemists and supermarkets to ports\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-posts-second-straight-drop-in-interim-revenue-as-one-of-hong-kongs-largest-developers-falls-victim-to-real-estate-slump\/","url_meta":{"origin":111662,"position":2},"title":"Henderson posts second straight drop in interim revenue, as one of Hong Kong\u2019s largest developers falls victim to real estate slump","date":"August 21, 2019","format":false,"excerpt":"\r Henderson Land Development reported its second consecutive double-digit percentage decline in interim revenue, as one of Hong Kong\u2019s largest developers fell victim to the city\u2019s slowing property market.Turnover fell 38 per cent to HK$8.12 billion in the six months ended June, while first-half underlying profit, excluding revaluation gains on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-investors-head-offshore-for-better-returns-as-prices-and-rents-decline-at-home-amid-a-slumping-economy\/","url_meta":{"origin":111662,"position":3},"title":"Hong Kong\u2019s real estate investors head offshore for better returns, as prices and rents decline at home amid a slumping economy","date":"January 20, 2020","format":false,"excerpt":"\r Hong Kong\u2019s real estate investors are increasingly looking offshore for better returns on their investments, amid the city\u2019s declining rents and resale prices for office space and retail lots in a slumping economy.Family offices, as the investment vehicles of ultra-high net worth tycoons are called, have begun to increase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125673,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midland-says-hong-kongs-property-doldrums-will-remain-through-the-first-half-as-covid-19-weighs-on-buying-sentiment-for-real-estate\/","url_meta":{"origin":111662,"position":4},"title":"Midland says Hong Kong\u2019s property doldrums will remain through the first half as Covid-19 weighs on buying sentiment for real estate","date":"March 31, 2022","format":false,"excerpt":"\r Midland Holdings said Hong Kong\u2019s social distancing policies would weigh on property market sentiment through the first six months, after the city\u2019s sole publicly traded real estate agency posted its third annual profits slump in four years. Net income fell 24 per cent to HK$100 million (US$12.8 million) last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-hong-kongs-property-slump-is-affecting-asset-values-owned-by-celebrities-and-tycoons\/","url_meta":{"origin":111662,"position":5},"title":"How Hong Kong\u2019s property slump is affecting asset values owned by celebrities and tycoons","date":"March 14, 2025","format":false,"excerpt":"\r Macau tycoon Stanley Ho\u2019s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse\u2019s shop in Central rented out at a big discount.\r \r Source : South China Morning Post\r Read more...How Hong Kong\u2019s property slump is affecting asset values owned by celebrities and tycoons","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\/111662"}],"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=111662"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111662\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}