{"id":114143,"date":"2020-02-09T09:00:18","date_gmt":"2020-02-09T02:00:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-agencies-seek-rent-relief-as-no-one-dares-to-come-out-to-sales-offices-amid-coronavirus-outbreak\/"},"modified":"2020-02-09T09:24:05","modified_gmt":"2020-02-09T02:24:05","slug":"hong-kongs-property-agencies-seek-rent-relief-as-no-one-dares-to-come-out-to-sales-offices-amid-coronavirus-outbreak","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-agencies-seek-rent-relief-as-no-one-dares-to-come-out-to-sales-offices-amid-coronavirus-outbreak\/","title":{"rendered":"Hong Kong\u2019s property agencies seek rent relief as \u2018no one dares to come out\u2019 to sales offices amid coronavirus outbreak"},"content":{"rendered":"


\nHong Kong\u2019s largest property agencies with almost 900 sales offices in the city are asking for discounts on new leases as they brace for further slide in sales after the industry\u2019s worst year since 2016.Centaline Property Agency is prepared to shut some of its 423 branches if it cannot extract 20 per cent or more rent relief, a top executive said. Qfang would negotiate for lower rents when leases on some of its 20 branches come up for renewal, Chief Executive Vincent Chan said.The demands show\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s property agencies seek rent relief as \u2018no one dares to come out\u2019 to sales offices amid coronavirus outbreak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s largest property agencies with almost 900 sales offices in the city are asking...<\/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-114143","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-tH1","jetpack-related-posts":[{"id":114535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/many-of-hong-kongs-retailers-may-fold-even-before-they-get-a-chance-to-discuss-rent-relief-with-landlords\/","url_meta":{"origin":114143,"position":0},"title":"Many of Hong Kong\u2019s retailers may fold even before they get a chance to discuss rent relief with landlords","date":"February 26, 2020","format":false,"excerpt":"\r Most landlords\u2019 refusal to agree to a one-off rent cut will force hundreds of retailers out of business, with one Hong Kong legislator saying that it may be too little and too late for some tenants to survive drawn-out rent discussions, as sales have plummeted amid the coronavirus outbreak.Shiu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sales-could-sink-up-to-50-per-cent-as-city-shuts-out-chinese-visitors-amid-coronavirus-outbreak\/","url_meta":{"origin":114143,"position":1},"title":"Hong Kong\u2019s retail sales could sink up to 50 per cent as city shuts out Chinese visitors amid coronavirus outbreak","date":"February 19, 2020","format":false,"excerpt":"\r Retail sales in Hong Kong could plunge by as much as half, as most of the city\u2019s borders with China remain shut amid the Covid-19 outbreak and its impact could be more severe on the sector than the months-long social unrest, according to the CEO of Sunlight Real Estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100610,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-brace-for-hong-kongs-rent-to-decline-as-history-shows-leases-tracking-home-sales\/","url_meta":{"origin":114143,"position":2},"title":"Landlords brace for Hong Kong\u2019s rent to decline as history shows leases tracking home sales","date":"October 27, 2018","format":false,"excerpt":"\r Memo to Hong Kong renters: You might want to wait a bit before signing that new lease. Rents, while at an all-time high right now, may be getting ready to fall. In the past three housing downturns, rents and home prices fell \u2013 substantially \u2013 in tandem. And data\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-sales-agencies-report-their-worst-financial-results-in-years-amid-triple-whammy-industry-slump\/","url_meta":{"origin":114143,"position":3},"title":"Hong Kong\u2019s property sales agencies report their worst financial results in years amid triple whammy industry slump","date":"March 27, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property agencies are reporting their worst financial results in years, as the coronavirus pandemic added to the woes of an industry that was already slumping from many months of anti-government protests and an unrelenting US-China trade war.Midland Holdings, the city\u2019s largest publicly listed network of sales agents,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27923,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-could-be-the-perfect-solution-to-hong-kongs-pricey-office-leases\/","url_meta":{"origin":114143,"position":4},"title":"This could be the perfect solution to Hong Kong\u2019s pricey office leases","date":"September 30, 2016","format":false,"excerpt":"\r The island\u2019s office sector is in for a shakeup Neon lighting of HSBC headquarters in Central, Hong Kong. YIUCHEUNG YIUCHEUNG \/ Shutterstock.com Hong Kong\u2019s office sector is in for a shakeup as a new co-working space player comes to town with a subversive proposition. Taking cue from hotel booking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-private-commercial-landlords-join-big-guns-in-offering-rent-relief-to-tenants-hit-by-fifth-wave-closures\/","url_meta":{"origin":114143,"position":5},"title":"Hong Kong\u2019s private commercial landlords join big guns in offering rent relief to tenants hit by fifth wave closures","date":"March 15, 2022","format":false,"excerpt":"\r Hong Kong\u2019s private commercial landlords are joining the city\u2019s big guns in offering rent relief to their tenants.Tai Hung Fai Enterprise, a property developer that has more than 1,000 tenancy agreements all over Hong Kong, including offices, serviced flats, warehouses and about 200 shops, said it would help its\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\/114143"}],"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=114143"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}