{"id":113463,"date":"2020-01-07T21:31:52","date_gmt":"2020-01-07T14:31:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-falls-well-short-of-target-for-completion-of-new-flats-as-protests-vacancy-tax-cause-construction-slowdown\/"},"modified":"2020-01-07T22:39:00","modified_gmt":"2020-01-07T15:39:00","slug":"hong-kong-government-falls-well-short-of-target-for-completion-of-new-flats-as-protests-vacancy-tax-cause-construction-slowdown","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-falls-well-short-of-target-for-completion-of-new-flats-as-protests-vacancy-tax-cause-construction-slowdown\/","title":{"rendered":"Hong Kong government falls well short of target for completion of new flats as protests, vacancy tax cause construction slowdown"},"content":{"rendered":"


\nThe Hong Kong government looked likely to fall well short of its 2019 target for completion of new flats, according to official data released on Tuesday.By the end of November, it had achieved just 63 per cent of the full-year target, with analysts blaming a slowdown in construction as escalating anti-government protests in the second half of the year hit the economy and sapped demand for new homes.A total of 12,925 new flats had been built as of November 30, well shy of the government forecast\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong government falls well short of target for completion of new flats as protests, vacancy tax cause construction slowdown<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government looked likely to fall well short of its 2019 target for...<\/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-113463","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-tw3","jetpack-related-posts":[{"id":106592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completion-of-new-flats-in-hong-kong-plummets-to-four-year-low-as-looming-vacancy-tax-spooks-developers\/","url_meta":{"origin":113463,"position":0},"title":"Completion of new flats in Hong Kong plummets to four-year low as looming vacancy tax spooks developers","date":"April 26, 2019","format":false,"excerpt":"\r The number of new flats built to completion in Hong Kong plunged by 88 per cent to just 1,000 in the first three months of the year as developers fearful of the government\u2019s planned vacancy tax held back.It is the lowest number since the first quarter of 2015, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-quarterly-home-completion-data-shows-huge-supply-surge\/","url_meta":{"origin":113463,"position":1},"title":"Hong Kong quarterly home completion data shows huge supply surge","date":"July 27, 2018","format":false,"excerpt":"\r The number of completed flats was up 317 per cent in the April to June period from the previous quarter, adding pressure on developers to speed up sales over the next several months in anticipation of the government\u2019s proposed vacancy tax to deter hoarding and increase supply. The number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112881,"url":"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\/","url_meta":{"origin":113463,"position":2},"title":"New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax","date":"December 5, 2019","format":false,"excerpt":"\r Homebuyers 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-face-fresh-pressure-to-sell-as-completed-new-units-jump-30-per-cent-in-third-quarter\/","url_meta":{"origin":113463,"position":3},"title":"Hong Kong developers face fresh pressure to sell as completed new units jump 30 per cent in third quarter","date":"October 26, 2018","format":false,"excerpt":"\r New flats have been quickly rolling off the Hong Kong assembly line, recording a 30 per cent jump in the completion rate in the July-to-September period, adding pressure on developers to speed up sales ahead of an expected vacancy tax to deter hoarding. Private flat completion stood at 6,500\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looming-vacancy-tax-is-prying-long-held-flats-from-hong-kong-developers-who-kept-them-locked-away-for-future-appreciation-riches\/","url_meta":{"origin":113463,"position":4},"title":"Looming vacancy tax is prying long-held flats from Hong Kong developers who kept them locked away for future appreciation riches","date":"September 21, 2018","format":false,"excerpt":"\r Hong Kong\u2019s tax on empty flats appears to be working. The city\u2019s cash-rich developers had hoarded more than 9,000 new flats as of June 29, according to government data, when the vacancy tax was first proposed. Some of the flats had been held for more than a decade. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-speed-up-sale-of-empty-flats-as-plans-for-vacancy-tax-gathers-steam\/","url_meta":{"origin":113463,"position":5},"title":"Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam","date":"May 12, 2018","format":false,"excerpt":"\r Last week, property agent Alvin Tai brought three clients to view four units on the 85th floor of the Cullinan luxury development near Kowloon MTR station that has been left unsold by the developer Sun Hung Kai Properties for more than 10 years, in the hope of closing deals\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\/113463"}],"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=113463"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113463\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}