{"id":114834,"date":"2020-03-11T07:00:21","date_gmt":"2020-03-11T00:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-dangle-discounts-to-whet-appetite-in-market-cratering-from-coronavirus-outbreak-protests\/"},"modified":"2020-03-11T08:04:00","modified_gmt":"2020-03-11T01:04:00","slug":"hong-kong-developers-dangle-discounts-to-whet-appetite-in-market-cratering-from-coronavirus-outbreak-protests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-dangle-discounts-to-whet-appetite-in-market-cratering-from-coronavirus-outbreak-protests\/","title":{"rendered":"Hong Kong developers dangle discounts to whet appetite in market cratering from coronavirus outbreak, protests"},"content":{"rendered":"


\nSome Hong Kong developers are dangling more discounts to attract buyers in the first few home launches since the coronavirus outbreak. The reception in the coming weeks could signal if the market has further room to slide.China Evergrande widened the discount at its Emerald Bay project in Tuen Mun on Saturday to 14 per cent from its list price, plus a HK$20,000 rebate. That is up from 11 per cent at the launch of the same project last year. Buyers took up only 49 of the 141 flats on offer\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers dangle discounts to whet appetite in market cratering from coronavirus outbreak, protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some Hong Kong developers are dangling more discounts to attract buyers in the first few...<\/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-114834","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-tSa","jetpack-related-posts":[{"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":114834,"position":0},"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":115841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-scale-back-project-launches-slow-down-construction-as-demand-dries-up-due-to-coronavirus-outbreak\/","url_meta":{"origin":114834,"position":1},"title":"Hong Kong developers scale back project launches, slow down construction as demand dries up due to coronavirus outbreak","date":"April 24, 2020","format":false,"excerpt":"\r The coronavirus outbreak is telling on Hong Kong\u2019s property market. As the economic downturn dampens appetite for new homes, property developers are adopting a cautious approach, slowing down the construction of new projects and reducing the number of new flat launches.Building of new homes fell 77 per cent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":114834,"position":2},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-target-hong-kong-buyers-for-overseas-property-as-local-dollar-becomes-asias-strongest-currency-amid-coronavirus-pandemic\/","url_meta":{"origin":114834,"position":3},"title":"Developers target Hong Kong buyers for overseas property, as local dollar becomes Asia\u2019s strongest currency amid coronavirus pandemic","date":"April 8, 2020","format":false,"excerpt":"\r Property developers are targeting buyers from Hong Kong for their overseas projects from Sydney to London, hoping to garner sales in the city with the best performing currency in Asia amid the coronavirus pandemic.Revenue from overseas home listings increased by 50 per cent in the first quarter from a\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":114834,"position":4},"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":117536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-home-sales-surge-to-13-month-high-in-june-as-developers-price-projects-aggressively-to-attract-buyers\/","url_meta":{"origin":114834,"position":5},"title":"Hong Kong\u2019s new home sales surge to 13-month high in June as developers price projects aggressively to attract buyers","date":"July 3, 2020","format":false,"excerpt":"\r Sales of new flats in Hong Kong jumped to a 13-month high in June as developers stepped up marketing efforts and offered steeper discounts to woo buyers at a time of escalating US-China tensions and uncertainties over the coronavirus pandemic.New home sales surged 92 per cent month on month\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\/114834"}],"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=114834"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}