{"id":112420,"date":"2019-11-17T09:00:10","date_gmt":"2019-11-17T02:00:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shop-owners-willing-to-sell-even-if-it-means-incurring-a-loss-of-hk6-million\/"},"modified":"2019-11-17T10:05:36","modified_gmt":"2019-11-17T03:05:36","slug":"hong-kong-shop-owners-willing-to-sell-even-if-it-means-incurring-a-loss-of-hk6-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shop-owners-willing-to-sell-even-if-it-means-incurring-a-loss-of-hk6-million\/","title":{"rendered":"Hong Kong shop owners willing to sell even if it means incurring a loss of HK$6 million"},"content":{"rendered":"


\nAs the social unrest in Hong Kong shows no signs of abating, retail property owners are either selling high street shops at losses of nearly 50 per cent or offering massive discounts on rents, with market observers expecting the number of sales transactions to sink to an all-time low.\u201cShop prices and rents will definitely fall further. Potential buyers are asking for up to 40 per cent discount even after sellers have already cut their original asking prices significantly,\u201d said Kenneth Yau,\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong shop owners willing to sell even if it means incurring a loss of HK million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the social unrest in Hong Kong shows no signs of abating, retail property owners...<\/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-112420","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-tfe","jetpack-related-posts":[{"id":172292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/30-of-owners-looking-to-sell-hong-kong-luxury-homes-willing-to-lower-prices-agents\/","url_meta":{"origin":112420,"position":0},"title":"30% of owners looking to sell Hong Kong luxury homes willing to lower prices: agents","date":"July 31, 2026","format":false,"excerpt":"\r Celebrities including Chow Yun-fat, Stephen Fung Tak-lun and William Chan Wai-ting slashed prices before selling luxury properties recently, with property agents saying secondary luxury home trading will continue to slow in the short term, with prices up to 10 per cent lower. The asking price for Hong Kong film\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/although-some-analysts-now-predict-home-prices-are-poised-to-rise-in-hong-kong-some-jittery-sellers-just-want-out\/","url_meta":{"origin":112420,"position":1},"title":"Although some analysts now predict home prices are poised to rise in Hong Kong, some jittery sellers just want out","date":"January 29, 2019","format":false,"excerpt":"\r It\u2019s suddenly up for debate in Hong Kong which way home prices will next go. But one thing is clear: some property owners just want out. Take at look at a 18 Ventris Road site in Happy Valley. The owner recently slashed the asking price by 17.6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":112420,"position":2},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-owners-raise-home-prices-hot-on-the-heels-of-carrie-lam-withdrawing-citys-controversial-extradition-bill\/","url_meta":{"origin":112420,"position":3},"title":"Hong Kong\u2019s owners raise home prices, hot on the heels of Carrie Lam withdrawing city\u2019s controversial extradition bill","date":"September 5, 2019","format":false,"excerpt":"\r Some property owners have leapt for the exit as soon as Hong Kong\u2019s chief executive offered her first olive branch to defuse the worst political crisis in the city\u2019s history, raising their asking prices in the process.Six listings for residential property increased their asking prices by between HK$100,000 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-chinese-investors-suffer-big-losses-after-panicking-and-dumping-property-investments-in-hong-kong\/","url_meta":{"origin":112420,"position":4},"title":"Some Chinese investors suffer big losses after panicking and dumping property investments in Hong Kong","date":"August 20, 2019","format":false,"excerpt":"\r Some mainland Chinese investors who bought properties in Hong Kong at high prices several years ago have panicked amid souring sentiment and sold at big losses of up to HK$8.2 million.For instance, Xiao Yonghong and Sun Darui, the younger sister and brother-in-law of missing Chinese billionaire Xiao Jianhua \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-records-highest-rent-ever-in-the-second-quarter\/","url_meta":{"origin":112420,"position":5},"title":"Hong Kong records highest rent ever in the second quarter","date":"July 18, 2017","format":false,"excerpt":"\r Hong Kong\u2019s residential market continues to be red hot as rents for private flats hit another new high in the second quarter this year. Average cost for renting a second-hand flat rose as much as 2.9 per cent on quarter to HK$35.10 per square foot during the April to\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\/112420"}],"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=112420"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}