{"id":114778,"date":"2020-03-07T18:11:16","date_gmt":"2020-03-07T11:11:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-spurn-hong-kongs-first-home-sale-in-two-months-as-covid-19-outbreak-adds-weight-to-a-slumping-property-market\/"},"modified":"2020-03-07T19:10:09","modified_gmt":"2020-03-07T12:10:09","slug":"buyers-spurn-hong-kongs-first-home-sale-in-two-months-as-covid-19-outbreak-adds-weight-to-a-slumping-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-spurn-hong-kongs-first-home-sale-in-two-months-as-covid-19-outbreak-adds-weight-to-a-slumping-property-market\/","title":{"rendered":"Buyers spurn Hong Kong\u2019s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market"},"content":{"rendered":"


\nHong Kong\u2019s homebuyers spurned the city\u2019s first property sale in two months, as larger-than-usual discounts failed to attract them to big-ticket financial commitments amid a slumping economy wrecked by a coronavirus outbreak.China Evergrande sold 49 of the 141 flats on offer at the second phase of its Emerald Bay project in Tuen Mun as at 5pm, even after increasing the discounts on each unit by HK$20,000 per square foot to an average of 14 per cent, from the previous 11 per cent, according to\u2026
\n
\nSource : South China Morning Post
\nRead more…Buyers spurn Hong Kong\u2019s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s homebuyers spurned the city\u2019s first property sale in two months, as larger-than-usual discounts...<\/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-114778","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-tRg","jetpack-related-posts":[{"id":114846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investments-in-hong-kongs-offices-shops-and-homes-slowed-to-a-standstill-as-covid-19-outbreak-adds-to-markets-woes\/","url_meta":{"origin":114778,"position":0},"title":"Investments in Hong Kong\u2019s offices, shops and homes slowed to a standstill as Covid-19 outbreak adds to market\u2019s woes","date":"March 11, 2020","format":false,"excerpt":"\r Investments in Hong Kong\u2019s real estate are almost at a standstill, as the global coronavirus outbreak exacerbated the slumping sentiment from half a year of anti-government protests and the ongoing US-China trade war.\r\rFebruary\u2019s transactions declined 13 per cent from last year to 3,572 deals, the lowest monthly tally in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-malls-lay-out-discounts-promotions-and-giveaways-to-lure-shoppers-to-spend-and-salvage-slumping-sales\/","url_meta":{"origin":114778,"position":1},"title":"Hong Kong\u2019s malls lay out discounts, promotions and giveaways to lure shoppers to spend and salvage slumping sales","date":"September 12, 2020","format":false,"excerpt":"\r Hong Kong\u2019s shopping centres are rolling out various promotions and discounts to attract shoppers back, as city authorities begin a gradual process to relax some of their social-distancing rules amid positive signs that the spread of the infectious Covid-19 disease is easing.New World Development\u2019s K11 Musea, Swire Properties\u2019 Pacific\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-enter-the-market-as-developers-dangle-discounts-to-end-nine-weeks-of-slumping-property-sales\/","url_meta":{"origin":114778,"position":2},"title":"Hong Kong homebuyers enter the market, as developers dangle discounts to end nine weeks of slumping property sales","date":"May 23, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers came off the sidelines to nibble at more than 200 flats offered at two projects, as developers slashed prices to end nine consecutive weeks of sales flops.Sun Hung Kai Properties (SHKP), the city\u2019s most valuable developer, managed to sell 162 of 200 flats, or 80 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-investors-head-offshore-for-better-returns-as-prices-and-rents-decline-at-home-amid-a-slumping-economy\/","url_meta":{"origin":114778,"position":3},"title":"Hong Kong\u2019s real estate investors head offshore for better returns, as prices and rents decline at home amid a slumping economy","date":"January 20, 2020","format":false,"excerpt":"\r Hong Kong\u2019s real estate investors are increasingly looking offshore for better returns on their investments, amid the city\u2019s declining rents and resale prices for office space and retail lots in a slumping economy.Family offices, as the investment vehicles of ultra-high net worth tycoons are called, have begun to increase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118741,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-biggest-weekend-of-home-sales-in-14-months-gets-off-to-a-good-start-as-tapering-covid-19-outbreak-boosts-sentiments\/","url_meta":{"origin":114778,"position":4},"title":"Hong Kong\u2019s biggest weekend of home sales in 14 months gets off to a good start as tapering Covid \u2013 19 outbreak boosts sentiments","date":"September 26, 2020","format":false,"excerpt":"\r Hong Kong\u2019s largest property sale weekend in more than a year got off to a good start, with long queues of buyers trying to get their hands on 726 flats on offer in six locations, amid improving sentiments as the city\u2019s coronavirus outbreak came under control.Buyers snapped up about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-buyers-spurn-12-discount-at-kai-taks-miami-quay-spelling-woe-for-home-market\/","url_meta":{"origin":114778,"position":5},"title":"Hong Kong buyers spurn 12% discount at Kai Tak\u2019s Miami Quay, spelling woe for home market","date":"July 6, 2024","format":false,"excerpt":"\r The woeful result shows how Hong Kong\u2019s developers have to make deep cuts to their catalogue prices to clear their inventory of unsold homes, as investors and owner-dwellers alike have retreated.\r \r Source : South China Morning Post\r Read more...Hong Kong buyers spurn 12% discount at Kai Tak\u2019s Miami\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\/114778"}],"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=114778"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114778\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}