{"id":114818,"date":"2020-03-10T18:20:53","date_gmt":"2020-03-10T11:20:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-warns-of-brewing-price-war-in-mainland-china-market-as-coronavirus-hurts-home-sales-chokes-cash-flow\/"},"modified":"2020-03-10T19:12:02","modified_gmt":"2020-03-10T12:12:02","slug":"hong-kong-developer-warns-of-brewing-price-war-in-mainland-china-market-as-coronavirus-hurts-home-sales-chokes-cash-flow","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-warns-of-brewing-price-war-in-mainland-china-market-as-coronavirus-hurts-home-sales-chokes-cash-flow\/","title":{"rendered":"Hong Kong developer warns of brewing price war in mainland China market as coronavirus hurts home sales, chokes cash flow"},"content":{"rendered":"


\nWharf (Holdings) said a price war in the mainland China market is brewing because builders are desperate to improve cash flow after the coronavirus outbreak choked home sales this year.The property and logistics group, controlled by Hong Kong billionaire Peter Woo Kwong-ching, is cautious about adding to its 3.6 million sq m of land bank in the world\u2019s second largest economy, after calling its business this year a \u201cwashout,\u201d with sales having crashed by more than 50 per cent since the start of\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developer warns of brewing price war in mainland China market as coronavirus hurts home sales, chokes cash flow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wharf (Holdings) said a price war in the mainland China market is brewing because builders...<\/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-114818","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-tRU","jetpack-related-posts":[{"id":98359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-china-vanke-sets-low-prices-for-first-hong-kong-housing-estate-in-tuen-mun\/","url_meta":{"origin":114818,"position":0},"title":"Mainland developer China Vanke sets low prices for first Hong Kong housing estate in Tuen Mun","date":"September 22, 2018","format":false,"excerpt":"\r China Vanke, the mainland\u2019s second-largest developer by sales, has priced apartments at its first wholly-owned residential development in Hong Kong\u2019s Tuen Mun starting at HK$9,878 (US$1,265) per square foot \u2013 cheaper than 30-year-old subsidised housing in the area. The average price for the first batch of 231 units at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-henderson-land-trims-dividend-as-iran-mainland-china-cloud-outlook\/","url_meta":{"origin":114818,"position":1},"title":"Hong Kong\u2019s Henderson Land trims dividend as Iran, mainland China cloud outlook","date":"March 23, 2026","format":false,"excerpt":"\r Major Hong Kong developers Henderson Land Development and Kerry Properties both reported mixed 2025 results, with stronger home sales partly offsetting softer rental income and a subdued commercial property market. The earnings underscored how the city\u2019s developers are shifting focus towards projects that can still generate cash flow, mainly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-ramps-up-luxury-home-sales-in-hong-kong-and-mainland-china\/","url_meta":{"origin":114818,"position":2},"title":"New World ramps up luxury home sales in Hong Kong and mainland China","date":"July 31, 2025","format":false,"excerpt":"\r New World Development (NWD) is ramping up the delivery of residential projects in Hong Kong and mainland China after raising more than HK$13 billion (US$1.7 billion) from the sale of luxury flats in the city. The Hong Kong-based developer, which is undergoing the biggest debt workout in three generations\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-sunac-china-proposes-to-spin-off-property-services-arm-and-list-it-in-hong-kong\/","url_meta":{"origin":114818,"position":3},"title":"Mainland developer Sunac China proposes to spin off property services arm and list it in Hong Kong","date":"August 7, 2020","format":false,"excerpt":"\r Mainland developer Sunac China plans to spin-off Sunac Services Holdings, its property management unit and list it in Hong Kong, with analysts expecting China\u2019s struggling home builders looking to cash in on the profitable parts of their business amid a souring property market.After the spin-off and listing, Sunac China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-shui-on-sees-38pc-rise-in-annual-profit-on-robust-mainland-sales\/","url_meta":{"origin":114818,"position":4},"title":"Hong Kong developer Shui On sees 38pc rise in annual profit on robust mainland sales","date":"March 22, 2017","format":false,"excerpt":"\r Property developer Shui On Land has delivered a 38 per cent rise in annual profit, on the back of robust mainland project sales. The company said on Wednesday its profit attributable to shareholders was 1.1 billion yuan (US$159.5 million) for the year ended 31 December 2016, up from 788\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-chairman-pins-retail-hospitality-recovery-hopes-on-normal-flow-of-people-between-hong-kong-mainland\/","url_meta":{"origin":114818,"position":5},"title":"Sun Hung Kai chairman pins retail, hospitality recovery hopes on \u2018normal flow of people\u2019 between Hong Kong, mainland","date":"September 9, 2021","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer by value, said a more normal flow of people between the city and mainland China could boost the city\u2019s retail and hospitality industries.The progress of vaccinations among the public and the lifting of cross-border travel restrictions were prerequisites for a\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\/114818"}],"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=114818"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114818\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}