{"id":115206,"date":"2020-03-27T18:44:52","date_gmt":"2020-03-27T11:44:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-sales-agencies-report-their-worst-financial-results-in-years-amid-triple-whammy-industry-slump\/"},"modified":"2020-03-27T19:05:36","modified_gmt":"2020-03-27T12:05:36","slug":"hong-kongs-property-sales-agencies-report-their-worst-financial-results-in-years-amid-triple-whammy-industry-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-sales-agencies-report-their-worst-financial-results-in-years-amid-triple-whammy-industry-slump\/","title":{"rendered":"Hong Kong\u2019s property sales agencies report their worst financial results in years amid triple whammy industry slump"},"content":{"rendered":"


\nHong 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, reported a blowout 2019 loss of HK$68.92 million that was more than double its forecast, while its non-residential property sibling Midland IC&I posted a HK$19.5\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s property sales agencies report their worst financial results in years amid triple whammy industry slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s property agencies are reporting their worst financial results in years, as the coronavirus...<\/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-115206","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-tYa","jetpack-related-posts":[{"id":116521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agents-turn-to-virtual-reality-tours-influencer-style-videos-to-beat-coronavirus-driven-slump-in-home-sales\/","url_meta":{"origin":115206,"position":0},"title":"Hong Kong property agents turn to virtual-reality tours, influencer-style videos to beat coronavirus-driven slump in home sales","date":"May 20, 2020","format":false,"excerpt":"\r Virtual-reality tours of properties have come to the rescue of major Hong Kong agencies amid the coronavirus pandemic, which has disrupted traditional sales channels and viewing patterns, with one company describing the technology as \u2018life to us\u201d, helping it \u201csurvive and stay competitive\u201d.Centaline Property Agency, Hong Kong\u2019s largest agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-firms-up-balance-sheet-as-hong-kong-home-sales-cushion-profit-slump\/","url_meta":{"origin":115206,"position":1},"title":"Wharf firms up balance sheet as Hong Kong home sales cushion profit slump","date":"August 11, 2026","format":false,"excerpt":"\r Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong\u2019s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf\u2019s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-eyes-are-on-victor-li-as-he-steers-the-cheung-kong-group-through-hong-kongs-worst-economic-slump-in-decades\/","url_meta":{"origin":115206,"position":2},"title":"All eyes are on Victor Li, as he steers the Cheung Kong Group through Hong Kong\u2019s worst economic slump in decades","date":"March 19, 2020","format":false,"excerpt":"\r Victor Li Tzar-kuoi, the elder son of Hong Kong's richest man, said the two flagship companies founded by his father nearly seven decades ago are financially adequate to survive and thrive in the city\u2019s worst economic slump in decades.CK Hutchison, which owns businesses from chemists and supermarkets to ports\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-government-may-have-to-step-up-on-land-sales-as-two-failed-auctions-starve-the-coffers-of-much-needed-revenue\/","url_meta":{"origin":115206,"position":3},"title":"Hong Kong\u2019s government may have to step up on land sales as two failed auctions starve the coffers of much-needed revenue","date":"October 28, 2020","format":false,"excerpt":"\r Hong Kong\u2019s government, which depends on land sales for up to a fifth of its annual fiscal revenue, may have to put more plots on the market to fill its coffers amid the city\u2019s worst recession, after two failed auctions in October and May.A site in Tung Chung near\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102174,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-a-discount-sino-lands-new-residential-property-draws-keen-response-amid-hong-kongs-price-slump\/","url_meta":{"origin":115206,"position":4},"title":"With a discount, Sino Land\u2019s new residential property draws keen response amid Hong Kong\u2019s price slump","date":"December 11, 2018","format":false,"excerpt":"\r Hong Kong developer Sino Land said it had received more than 5,000 subscriptions for the upcoming sale of 488 flats at its Grand Central residential development in East Kowloon that would be sold at a discount amid the property price slump. The initial batch of units of the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-posts-second-straight-drop-in-interim-revenue-as-one-of-hong-kongs-largest-developers-falls-victim-to-real-estate-slump\/","url_meta":{"origin":115206,"position":5},"title":"Henderson posts second straight drop in interim revenue, as one of Hong Kong\u2019s largest developers falls victim to real estate slump","date":"August 21, 2019","format":false,"excerpt":"\r Henderson Land Development reported its second consecutive double-digit percentage decline in interim revenue, as one of Hong Kong\u2019s largest developers fell victim to the city\u2019s slowing property market.Turnover fell 38 per cent to HK$8.12 billion in the six months ended June, while first-half underlying profit, excluding revaluation gains on\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\/115206"}],"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=115206"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115206\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}