{"id":112881,"date":"2019-12-05T06:00:23","date_gmt":"2019-12-04T23:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-flat-sales-in-hong-kong-at-15-year-high-as-developers-offer-deep-discounts-amid-protests-impending-vacancy-tax\/"},"modified":"2019-12-05T07:08:44","modified_gmt":"2019-12-05T00:08:44","slug":"new-flat-sales-in-hong-kong-at-15-year-high-as-developers-offer-deep-discounts-amid-protests-impending-vacancy-tax","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-flat-sales-in-hong-kong-at-15-year-high-as-developers-offer-deep-discounts-amid-protests-impending-vacancy-tax\/","title":{"rendered":"New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax"},"content":{"rendered":"


\nHomebuyers spent HK$214 billion (US$27.3 billion) on more than 20,000 new flats in the first 11 months of the year, the most since 2004, as developers rushed to offload stock because of the impending vacancy tax and uncertain market outlook, according to Ricacorp Properties.The average flat price fell 26.8 per cent to HK$10.67 million this year after having risen for three straight years to a record HK$14.59 million in 2018, as nearly six months of protests have hurt sales, according to the\u2026
\n
\nSource : South China Morning Post
\nRead more…New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers spent HK$214 billion (US$27.3 billion) on more than 20,000 new flats in the first...<\/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-112881","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-tmF","jetpack-related-posts":[{"id":92624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-chuk-hang-station-attracts-strong-interest-from-property-developers-even-as-new-vacancy-tax-looms\/","url_meta":{"origin":112881,"position":0},"title":"Wong Chuk Hang Station attracts strong interest from property developers, even as new vacancy tax looms","date":"June 27, 2018","format":false,"excerpt":"\r Hong Kong property developers have shown keen interest in bidding for a plot of land atop the MTR station in Wong Chuk Hang, even as the government is poised to released its policy position on the proposed vacancy tax, which would encourage companies to clear their stock of completed,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-demand-helps-developers-clear-housing-stock-before-hong-kong-slaps-vacancy-tax-on-hoarders\/","url_meta":{"origin":112881,"position":1},"title":"Home demand helps developers clear housing stock before Hong Kong slaps vacancy tax on hoarders","date":"June 23, 2018","format":false,"excerpt":"\r Hong Kong\u2019s property buyers braved a downpour to snap up more than a hundred unoccupied apartment units, helping developers clear the unsold stock ahead of a government plan to impose a so-called vacancy tax to deter hoarding. As many as 111 units, or 63 per cent of the 176\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-raise-prices-confident-that-buyers-will-snap-up-flats-unlocked-by-vacancy-tax\/","url_meta":{"origin":112881,"position":2},"title":"Hong Kong builders raise prices, confident that buyers will snap up flats unlocked by vacancy tax","date":"July 12, 2018","format":false,"excerpt":"\r Hong Kong\u2019s home prices are showing no signs of letting up, as developers continue to raise their offer price with each successive sales launch, confident that there are enough eager property buyers to snap up any additional supply that goes on the market. For proof, look no further than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-hong-kong-developers-face-defaults-amid-mounting-debts-analysts\/","url_meta":{"origin":112881,"position":3},"title":"Smaller Hong Kong developers face defaults amid mounting debts: analysts","date":"July 1, 2025","format":false,"excerpt":"\r Hong Kong developer Emperor International Holdings\u2019 inability to repay HK$16.6 billion (US$2.1 billion) in loans highlights a growing debt crisis among small and medium-sized developers in the city, prompting analysts to warn of more defaults. \u201cHigh debt ratios have become a mainstream condition among Hong Kong developers, particularly mid-sized\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-dangle-discounts-to-whet-appetite-in-market-cratering-from-coronavirus-outbreak-protests\/","url_meta":{"origin":112881,"position":4},"title":"Hong Kong developers dangle discounts to whet appetite in market cratering from coronavirus outbreak, protests","date":"March 11, 2020","format":false,"excerpt":"\r Some Hong Kong developers are dangling more discounts to attract buyers in the first few home launches since the coronavirus outbreak. The reception in the coming weeks could signal if the market has further room to slide.China Evergrande widened the discount at its Emerald Bay project in Tuen Mun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yuen-long-villas-cut-prices-by-25-per-cent-becoming-the-first-casualties-of-hong-kongs-vacancy-tax\/","url_meta":{"origin":112881,"position":5},"title":"Yuen Long villas cut prices by 25 per cent, becoming the first casualties of Hong Kong\u2019s vacancy tax","date":"July 19, 2018","format":false,"excerpt":"\r Several Hong Kong developers are cutting prices for the first time in three years, slashing as much as 25 per cent off their quotations, becoming the first casualties of the city government\u2019s vacancy tax that was imposed to deter hoarding and boost supply. Paliburg Holdings and Regal International, two\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\/112881"}],"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=112881"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}