{"id":112488,"date":"2019-11-20T07:00:07","date_gmt":"2019-11-20T00:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-higher-mortgage-cap-deters-at-least-one-developer-from-building-micro-flats-as-buyers-can-now-afford-larger-homes\/"},"modified":"2019-11-20T08:12:24","modified_gmt":"2019-11-20T01:12:24","slug":"hong-kongs-higher-mortgage-cap-deters-at-least-one-developer-from-building-micro-flats-as-buyers-can-now-afford-larger-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-higher-mortgage-cap-deters-at-least-one-developer-from-building-micro-flats-as-buyers-can-now-afford-larger-homes\/","title":{"rendered":"Hong Kong\u2019s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes"},"content":{"rendered":"


\nThe boom in Hong Kong\u2019s micro-apartments appears to be over, as the first easing in mortgage entitlements in a decade has helped buyers to afford larger homes, causing at least one developer of shoebox-sized property to quit the market.Micro-apartments, defined as those smaller than 200 square feet (18.6 square metres), are unsustainable as investments, and are the most prone to any declines in property prices, said Rykadan Capital, the developer that recorded HK$390 million of sales from 66\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The boom in Hong Kong\u2019s micro-apartments appears to be over, as the first easing in...<\/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-112488","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-tgk","jetpack-related-posts":[{"id":122656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers\/","url_meta":{"origin":112488,"position":0},"title":"Hong Kong\u2019s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers","date":"October 19, 2021","format":false,"excerpt":"\r A real estate bull market in Hong Kong, the world\u2019s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2022-property-outlook-super-size-mansions-nano-flats-and-home-offices-round-out-the-most-important-trends-in-hong-kongs-housing-market\/","url_meta":{"origin":112488,"position":1},"title":"2022 property outlook: Super-size mansions, nano flats, and home offices round out the most important trends in Hong Kong\u2019s housing market","date":"December 24, 2021","format":false,"excerpt":"\r Hong Kong\u2019s transactions of new residential property may rise 15 per cent next year as buyers continue their demand in every segment of the market from 138-square foot micro-apartments to 4,500-sq ft mansions on The Peak, according to one of the city\u2019s largest real estate agencies.Up to HK$280 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76802,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/relaxing-cap-in-hong-kongs-mortgage-scheme-will-offer-more-choices-to-first-time-buyers\/","url_meta":{"origin":112488,"position":2},"title":"Relaxing cap in Hong Kong\u2019s mortgage scheme will offer more choices to first-time buyers","date":"January 16, 2018","format":false,"excerpt":"\r First time homebuyers in Hong Kong have little choice under existing mortgage rules for mass flats unless they settle for old, tiny apartments in far off areas. Under the current home financing scheme, first time buyers only can receive loan-to-value ratio of 90 per cent for flats that cost\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":112488,"position":3},"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":96697,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-lures-buyers-to-cullinan-west-ii-project-with-lower-prices-mortgage-offers\/","url_meta":{"origin":112488,"position":4},"title":"Sun Hung Kai lures buyers to Cullinan West II project with lower prices, mortgage offers","date":"August 26, 2018","format":false,"excerpt":"\r Hong Kong\u2019s biggest developer lowered its prices as it put a batch of new flats on sale in Kowloon on Sunday, the latest sign the tide may be turning in the world\u2019s most expensive property market. Sun Hung Kai Properties also offered favourable financing terms for the tranche of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102484,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-infatuation-with-multimillion-dollar-shoebox-homes-is-over-as-quickly-as-it-began\/","url_meta":{"origin":112488,"position":5},"title":"Hong Kong\u2019s infatuation with multimillion-dollar shoebox homes is over as quickly as it began","date":"December 22, 2018","format":false,"excerpt":"\r Hong Kong\u2019s infatuation with micro-apartments, some of which hold the world record as the smallest living space constructed for humans, has ended almost as quickly as it began. Known variously as nano flats, micro-apartments and shoebox homes, these abodes are specifically designed to be small, typically less than 200\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\/112488"}],"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=112488"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112488\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}