{"id":113497,"date":"2020-01-09T08:15:14","date_gmt":"2020-01-09T01:15:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-price-of-a-new-home-in-hong-kong-dropped-by-25-per-cent-or-us478000-last-year-to-lowest-level-since-2015-as-protests-killed-demand\/"},"modified":"2020-01-09T09:07:32","modified_gmt":"2020-01-09T02:07:32","slug":"average-price-of-a-new-home-in-hong-kong-dropped-by-25-per-cent-or-us478000-last-year-to-lowest-level-since-2015-as-protests-killed-demand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-price-of-a-new-home-in-hong-kong-dropped-by-25-per-cent-or-us478000-last-year-to-lowest-level-since-2015-as-protests-killed-demand\/","title":{"rendered":"Average price of a new home in Hong Kong dropped by 25 per cent, or US$478,000, last year to lowest level since 2015 as protests killed demand"},"content":{"rendered":"


\nThe average price of a new flat in Hong Kong fell by a quarter last year to the lowest level since 2015, as months of civil unrest battered market sentiment.The anti-government protests, which started in June and became increasingly volatile, deterred buyers and caused the price of a new home to drop by HK$3.72 million (US$478,226), or 25 per cent, according to real estate agency Ricacorp Properties.The average price was HK$10.87 million last year, after peaking at HK$14.59 million in 2018. In\u2026
\n
\nSource : South China Morning Post
\nRead more…Average price of a new home in Hong Kong dropped by 25 per cent, or US8,000, last year to lowest level since 2015 as protests killed demand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The average price of a new flat in Hong Kong fell by a quarter last...<\/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-113497","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-twB","jetpack-related-posts":[{"id":109115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-second-hand-homes-in-hong-kong-declined-in-june-amid-extradition-bill-protests-ricacorp-says\/","url_meta":{"origin":113497,"position":0},"title":"Prices of second-hand homes in Hong Kong declined in June amid extradition bill protests, Ricacorp says","date":"July 18, 2019","format":false,"excerpt":"\r The average price of second-hand homes in 50 major residential estates in Hong Kong dropped 0.2 per cent last month from a record high in May, brokerage Ricacorp Properties said on Wednesday.Protests in the special administrative region against a controversial extradition law depressed prices, which fell from an average\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-drop-by-48-per-cent-to-yearly-low-deposits-worth-hk3-5-million-forfeited-as-protests-weigh-on-sentiment\/","url_meta":{"origin":113497,"position":1},"title":"Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment","date":"July 30, 2019","format":false,"excerpt":"\r Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city\u2019s real-estate market.Weekly transactions involving used homes fell to their lowest level this year on Sunday, according to one of the city\u2019s\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":113497,"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":113654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-in-hong-kong-commercial-property-dropped-52-per-cent-last-year-as-protests-hit-demand-across-sector-cbre-says\/","url_meta":{"origin":113497,"position":3},"title":"Investment in Hong Kong commercial property dropped 52 per cent last year, as protests hit demand across sector, CBRE says","date":"January 16, 2020","format":false,"excerpt":"\r Investment in Hong Kong office and retail properties plunged by 52 per cent last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011, property consultancy CBRE said on Wednesday.The ongoing anti-government protests and economic uncertainty had weakened demand across all sections of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103262,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/discounted-hong-kong-development-does-not-match-demand-for-smaller-apartments-fails-to-sell-out\/","url_meta":{"origin":113497,"position":4},"title":"Discounted Hong Kong development does not match demand for smaller apartments, fails to sell out","date":"January 24, 2019","format":false,"excerpt":"\r Hong Kong developer Sino Land managed to sell only 75 per cent of apartments put up for sale at heavy discounts at its Mayfair by The Sea 8 development in Tai Po. By 3pm on Wednesday, it had sold 171 out of a first batch of 228 units. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-weigh-heavily-on-retail-property-transactions-as-volumes-sink-to-an-all-time-low-last-year\/","url_meta":{"origin":113497,"position":5},"title":"Hong Kong protests weigh heavily on retail property transactions as volumes sink to an all-time low last year","date":"January 21, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial and industrial property transaction volumes fell to the lowest level last year since record-keeping started in 1996, sinking nearly 50 per cent year on year, as investor sentiment took a beating since the anti-government protests started last June.Transaction volumes of industrial units, offices and shops plummeted\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\/113497"}],"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=113497"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}