{"id":115929,"date":"2020-04-29T07:00:24","date_gmt":"2020-04-29T00:00:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-disrupts-hong-kongs-property-industry-as-construction-on-90-per-cent-of-projects-delayed\/"},"modified":"2020-04-29T08:02:54","modified_gmt":"2020-04-29T01:02:54","slug":"coronavirus-disrupts-hong-kongs-property-industry-as-construction-on-90-per-cent-of-projects-delayed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-disrupts-hong-kongs-property-industry-as-construction-on-90-per-cent-of-projects-delayed\/","title":{"rendered":"Coronavirus disrupts Hong Kong\u2019s property industry as construction on 90 per cent of projects delayed"},"content":{"rendered":"


\nThe 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 due to supply shocks and a slow down in government approvals.The completion date for Wheelock Properties\u2019 Malibu project in Lohas Park, Emperor International\u2019s Seaside Castle in Tuen Mun and a joint\u2026
\n
\nSource : South China Morning Post
\nRead more…Coronavirus disrupts Hong Kong\u2019s property industry as construction on 90 per cent of projects delayed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Covid-19 outbreak has thrown a spanner in the works of Hong Kong\u2019s property industry....<\/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-115929","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-u9P","jetpack-related-posts":[{"id":118002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-making-hotels-seek-complete-rates-exemption-as-coronavirus-crushes-tourism-industry\/","url_meta":{"origin":115929,"position":0},"title":"Hong Kong\u2019s loss-making hotels seek complete rates exemption as coronavirus crushes tourism industry","date":"July 29, 2020","format":false,"excerpt":"\r Hong Kong\u2019s beleaguered hotel owners are pressing the government to waive rates for the next three quarters up to March, pointing out that they are running at a loss because of the coronavirus outbreak that has seen tourist numbers to the city plummet nearly 100 per cent.The Federation of\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":115929,"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":118881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-has-failed-to-dent-hong-kongs-fintech-push-future-role-as-fundraising-hub-for-bay-area-say-experts\/","url_meta":{"origin":115929,"position":2},"title":"Coronavirus has failed to dent Hong Kong\u2019s fintech push, future role as fundraising hub for bay area, say experts","date":"October 10, 2020","format":false,"excerpt":"\r Hong Kong\u2019s financial sector, its use of financial technology and role as a fundraising centre for the cities of southern China have weathered the coronavirus outbreak and even thrived in some areas, according to a panel of industry players.The city\u2019s finance sector has remained \u201cvibrant\u201d despite the health crisis,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-fears-will-further-slow-hong-kongs-sluggish-construction-work-say-analysts-as-property-transactions-slump-to-12-month-low\/","url_meta":{"origin":115929,"position":3},"title":"Coronavirus fears will further slow Hong Kong\u2019s sluggish construction work, say analysts, as property transactions slump to 12-month low","date":"February 4, 2020","format":false,"excerpt":"\r Property transactions in Hong Kong fell to a 12-month low as analysts warned the coronavirus outbreak is likely to further derail the world\u2019s most expensive housing market.The value of homes changing hands in January dropped 17 per cent to HK$29 billion, while the number of units sold slipped to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn\/","url_meta":{"origin":115929,"position":4},"title":"Landlords of Hong Kong\u2019s \u2018Ginza-style\u2019 commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn","date":"September 2, 2020","format":false,"excerpt":"\r Landlords of Hong Kong\u2019s \u201cGinza-style\u201d commercial buildings are slashing rents by up to 40 per cent and shifting their focus away from restaurants and bars to survive the dramatic downturn in the catering and retail sectors caused by the coronavirus pandemic.As rents of street-level shops and restaurants have tumbled,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tycoon-to-return-hong-kongs-largest-quarry-site-to-government-for-building-10000-homes\/","url_meta":{"origin":115929,"position":5},"title":"Tycoon to return Hong Kong\u2019s largest quarry site to government for building 10,000 homes","date":"July 25, 2017","format":false,"excerpt":"\r Tycoon Lui Che-woo, a pioneer in Hong Kong\u2019s quarrying industry who later built his wealth in the property and casino industries, will hand back to the government the city\u2019s largest quarry site to make way for development of nearly 10,000 new apartments. K. Wah Construction Materials (KWCM), renamed Galaxy\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\/115929"}],"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=115929"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}