{"id":114690,"date":"2020-03-04T07:15:13","date_gmt":"2020-03-04T00:15:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-are-selling-their-homes-at-huge-losses-to-flee-the-city-as-coronavirus-weighs-on-economy\/"},"modified":"2020-03-04T08:08:19","modified_gmt":"2020-03-04T01:08:19","slug":"hongkongers-are-selling-their-homes-at-huge-losses-to-flee-the-city-as-coronavirus-weighs-on-economy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-are-selling-their-homes-at-huge-losses-to-flee-the-city-as-coronavirus-weighs-on-economy\/","title":{"rendered":"Hongkongers are selling their homes at huge losses to flee the city as coronavirus weighs on economy"},"content":{"rendered":"


\nHomeowners are dumping their properties in Hong Kong for as much as HK$11.6 million (US$1.5 million) in losses to pack up their bags because of the city\u2019s dire economic prospects, analysts said. More could be pressured to sell into a weak market to hasten their emigration plans.At Valais in Sheung Shui, a 1,588-square foot house changed hands at HK$21.3 million for a loss of HK$10 million in late January at the onset of the coronavirus outbreak, according to property agents who declined to be\u2026
\n
\nSource : South China Morning Post
\nRead more…Hongkongers are selling their homes at huge losses to flee the city as coronavirus weighs on economy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homeowners are dumping their properties in Hong Kong for as much as HK$11.6 million (US$1.5...<\/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-114690","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-tPQ","jetpack-related-posts":[{"id":119377,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-expected-to-spend-us2-19-billion-on-new-homes-this-year-the-lowest-since-2015-says-centaline\/","url_meta":{"origin":114690,"position":0},"title":"Hongkongers expected to spend US$2.19 billion on new homes this year, the lowest since 2015, says Centaline","date":"November 30, 2020","format":false,"excerpt":"\r Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year, the lowest since 2015, according to Centaline Property Agency.As a fourth wave of coronavirus cases adds to the woes of a property sector already hit hard by economic recession and rising unemployment, analysts expect a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/omicron-cantopop-star-joey-yung-sells-hong-kong-flat-at-a-loss-leading-an-exodus-from-property-market-amid-citys-covid-19-surge\/","url_meta":{"origin":114690,"position":1},"title":"Omicron: Cantopop star Joey Yung sells Hong Kong flat at a loss, leading an exodus from property market amid city\u2019s Covid-19 surge","date":"February 22, 2022","format":false,"excerpt":"\r Canto pop star Joey Yung has sold her flat in Causeway Bay at a loss of about HK$1.1 million (US$140,966), according to sources familiar with the deal, joining a wave of Hongkongers selling their homes for a loss as they flee the city\u2019s worsening Covid-19 situation.The one-bedroom 465 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123773,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-spent-a-record-us4-5-billion-to-buy-lived-in-subsidised-homes-amid-soaring-private-flat-prices\/","url_meta":{"origin":114690,"position":2},"title":"Hongkongers spent a record US$4.5 billion to buy lived-in subsidised homes amid soaring private flat prices","date":"December 13, 2021","format":false,"excerpt":"\r Hong Kong sales of lived-in subsidised homes rose to a record HK$34.9 billion (US$4.5 billion) for the first 11 months, as buyers rush for cheaper alternatives amid a surge in private home prices that have pushed them beyond general affordability.The transaction value of lived-in flats under the Home Ownership\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-hong-kong-luxury-property-awaits-shenzhen-border-opening-for-the-next-leap-upwards\/","url_meta":{"origin":114690,"position":3},"title":"Coronavirus Hong Kong: luxury property awaits Shenzhen border opening for the next leap upwards","date":"June 23, 2021","format":false,"excerpt":"\r An influx of mainland Chinese buyers into Hong Kong\u2019s super-deluxe developments since early this year could further fuel home prices in the world\u2019s most expensive property market, and the trend will become more obvious once the border open.Buyers who settled in Hong Kong from mainland China, dubbed \u201cnew Hongkongers\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":114690,"position":4},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\u2026","rel":"","context":"In "Property 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The yuan, meanwhile, has been the fourth strongest currency in Asia in the past 12 months, and has surged by about 8 per cent against\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\/114690"}],"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=114690"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114690\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}