{"id":116850,"date":"2020-06-03T07:15:14","date_gmt":"2020-06-03T00:15:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-recession-squeeze-rents-are-converging-for-hong-kongs-micro-flat-and-subdivided-lots\/"},"modified":"2020-06-03T08:04:13","modified_gmt":"2020-06-03T01:04:13","slug":"in-recession-squeeze-rents-are-converging-for-hong-kongs-micro-flat-and-subdivided-lots","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-recession-squeeze-rents-are-converging-for-hong-kongs-micro-flat-and-subdivided-lots\/","title":{"rendered":"In recession squeeze, rents are converging for Hong Kong\u2019s micro flat and subdivided lots"},"content":{"rendered":"


\nRents on tiny flats in some of Hong Kong\u2019s chic property developments are sliding towards the rates on the city\u2019s notorious subdivided flats as landlords concede more ground in a recession-hit economy, according to property agents.At least 10 such projects completed in recent few years have had flats leased out at or below HK$10,000 (US$1,290) a month since the beginning of this year, as rising unemployment and campus closures hurt demand for housing from young professionals and foreign\u2026
\n
\nSource : South China Morning Post
\nRead more…In recession squeeze, rents are converging for Hong Kong\u2019s micro flat and subdivided lots<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents on tiny flats in some of Hong Kong\u2019s chic property developments are sliding towards...<\/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-116850","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-uoG","jetpack-related-posts":[{"id":121625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenancy-control-on-subdivided-flats-a-step-forward-not-long-term-solution-to-hong-kongs-housing-crisis\/","url_meta":{"origin":116850,"position":0},"title":"Tenancy control on subdivided flats: a step forward, not long-term solution to Hong Kong\u2019s housing crisis","date":"August 24, 2021","format":false,"excerpt":"\r Housing crisis has long been a pressing issue for Hong Kong, one of the most expensive property markets in the world.Amid a lack of affordable housing, the waiting time for public rental housing is 5.8 years on average. Many low-income households therefore have no choice but to live in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/forget-sham-shui-po-now-theyre-subdividing-flats-on-old-peak-road-in-hong-kongs-mid-levels\/","url_meta":{"origin":116850,"position":1},"title":"Forget Sham Shui Po. Now they\u2019re subdividing flats on Old Peak Road in Hong Kong\u2019s Mid-Levels","date":"March 18, 2017","format":false,"excerpt":"\r When you mention Hong Kong\u2019s tiny flats, most people think of squalid buildings, stuffy rooms and shared toilets. But the Post has discovered fancy versions of these cubicles, with five serviced suites carved out of a 2,400 sq ft luxury flat for rent in the prime location of Central\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147440,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-flats-will-drive-international-talent-elsewhere\/","url_meta":{"origin":116850,"position":2},"title":"Hong Kong\u2019s small flats will drive international talent elsewhere","date":"October 20, 2024","format":false,"excerpt":"\r Action on subdivided flats, however modest, is welcome but the city\u2019s reputation for very expensive and tiny flats remains a problem.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s small flats will drive international talent elsewhere","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/boosting-hong-kongs-housing-supply-must-not-come-at-the-expense-of-subdivided-flat-residents\/","url_meta":{"origin":116850,"position":3},"title":"Boosting Hong Kong\u2019s housing supply must not come at the expense of subdivided flat residents","date":"April 16, 2023","format":false,"excerpt":"\r The government\u2019s proposal to lower the threshold that would trigger the compulsory sale of old buildings would affect many subdivided flat residents. A progressive approach would allow time to find a balance between the need for redevelopment, the property interests of minority owners, and the concerns of tenants.\r \r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looking-for-a-flat-for-under-hk10000m-on-hong-kong-island-or-kowloon-no-chance-says-leading-agency\/","url_meta":{"origin":116850,"position":4},"title":"Looking for a flat for under HK$10,000\/m on Hong Kong Island or Kowloon? \u2018No chance,\u2019 says leading agency","date":"October 10, 2017","format":false,"excerpt":"\r Flats to rent under HK$10,000 (US$1,281) per month have almost vanished from the urban area of Hong Kong \u2013 the most expensive housing market in the world, according to latest research by Centaline Property Agency. Urban areas refer to Hong Kong Island and Kowloon, however subdivided flats are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-to-get-creative-to-fix-hong-kongs-housing-crisis\/","url_meta":{"origin":116850,"position":5},"title":"We need to get creative to fix Hong Kong\u2019s housing crisis","date":"August 14, 2018","format":false,"excerpt":"\r For many people in Hong Kong, home is not where the heart is. Whether they are stuck on social-housing waiting lists for years, living in potentially dangerous subdivided units, stumping up for a \u201cnano\u201d apartment, or desperately scrimping and saving for decades to get on the first rung of\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\/116850"}],"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=116850"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116850\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}