{"id":115841,"date":"2020-04-24T19:08:10","date_gmt":"2020-04-24T12:08:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-scale-back-project-launches-slow-down-construction-as-demand-dries-up-due-to-coronavirus-outbreak\/"},"modified":"2020-04-24T19:26:06","modified_gmt":"2020-04-24T12:26:06","slug":"hong-kong-developers-scale-back-project-launches-slow-down-construction-as-demand-dries-up-due-to-coronavirus-outbreak","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong developers scale back project launches, slow down construction as demand dries up due to coronavirus outbreak"},"content":{"rendered":"


\nThe 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 the first quarter of the year from the previous three-month period to just 900 units, the lowest since the third quarter of 2017, data from the Transport and Housing Bureau shows.\u201cThe\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers scale back project launches, slow down construction as demand dries up due to coronavirus outbreak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The coronavirus outbreak is telling on Hong Kong\u2019s property market. As the economic downturn dampens...<\/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-115841","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-u8p","jetpack-related-posts":[{"id":114834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-dangle-discounts-to-whet-appetite-in-market-cratering-from-coronavirus-outbreak-protests\/","url_meta":{"origin":115841,"position":0},"title":"Hong Kong developers dangle discounts to whet appetite in market cratering from coronavirus outbreak, protests","date":"March 11, 2020","format":false,"excerpt":"\r Some 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-have-all-the-buyers-gone-as-hong-kong-is-poised-for-12000-new-homes-to-flood-the-market-in-the-next-three-months\/","url_meta":{"origin":115841,"position":1},"title":"Where have all the buyers gone, as Hong Kong is poised for 12,000 new homes to flood the market in the next three months?","date":"October 13, 2020","format":false,"excerpt":"\r Hong Kong developers, looking for a strong finish to the year on the back of new project launches, could see their hopes dashed, as analysts fear the market may be unable to fully absorb the new supply amid the possibility of a fourth wave of coronavirus outbreak that could\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-fails-to-stop-hong-kong-developers-as-new-site-in-lohas-park-draws-nine-bids\/","url_meta":{"origin":115841,"position":2},"title":"Coronavirus fails to stop Hong Kong developers as new site in Lohas Park draws nine bids","date":"February 4, 2020","format":false,"excerpt":"\r Not even the coronavirus outbreak is stopping Hong Kong\u2019s biggest developers from bidding for the biggest plot of land within the Lohas Park residential development in New Territories. The land tender also came with a sweetener in lower land premium.There were nine bids for the 961,100 sq ft (89,290\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-expect-project-launches-to-proceed-despite-the-coronavirus-outbreak\/","url_meta":{"origin":115841,"position":3},"title":"Analysts expect project launches to proceed despite the coronavirus outbreak","date":"February 5, 2020","format":false,"excerpt":"\r Analysts believe residential projects that have been set for launch over the next couple of weeks will likely proceed as planned even as transaction volumes and crowds at showflats could decline amid concerns on the Coronavirus outbreak, reported The Business Times. \u201cOtherwise, you will have bunching up. Already without\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-disrupts-hong-kongs-property-industry-as-construction-on-90-per-cent-of-projects-delayed\/","url_meta":{"origin":115841,"position":4},"title":"Coronavirus disrupts Hong Kong\u2019s property industry as construction on 90 per cent of projects delayed","date":"April 29, 2020","format":false,"excerpt":"\r The Covid-19 outbreak has thrown a spanner in the works of Hong Kong\u2019s property industry. The delivery of at least 1,900 homes to buyers will be delayed, while some developers risk losing hundreds of millions of dollars in booking sales, as the pandemic disrupts construction activity in the city\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":115841,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115841"}],"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=115841"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115841\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}