{"id":117762,"date":"2020-07-13T07:00:09","date_gmt":"2020-07-13T00:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-expected-to-fall-11-6-per-cent-in-july-with-coronavirus-third-wave-hurting-demand\/"},"modified":"2020-07-13T07:03:38","modified_gmt":"2020-07-13T00:03:38","slug":"hong-kong-property-transactions-expected-to-fall-11-6-per-cent-in-july-with-coronavirus-third-wave-hurting-demand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-expected-to-fall-11-6-per-cent-in-july-with-coronavirus-third-wave-hurting-demand\/","title":{"rendered":"Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand"},"content":{"rendered":"


\nProperty transactions in Hong Kong, including those involving homes, shops, industrial units and car parks, are expected to fall this month, as a third wave of coronavirus cases adds to the woes of a sector already hit hard by economic recession and rising unemployment.Centaline Property Agency forecast on Sunday that transactions will fall by 11.6 per cent month on month to 7,300 deals in July, and the total transaction value will decline 10.4 per cent to HK$63 billion (US$8.1 billion). The\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property transactions in Hong Kong, including those involving homes, shops, industrial units and car parks,...<\/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-117762","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-uDo","jetpack-related-posts":[{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":117762,"position":0},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-deals-hit-a-26-month-low-in-march-are-expected-to-bounce-back-in-april-as-fifth-covid-19-wave-recedes\/","url_meta":{"origin":117762,"position":1},"title":"Hong Kong\u2019s housing deals hit a 26-month low in March, are expected to bounce back in April as fifth Covid-19 wave recedes","date":"April 5, 2022","format":false,"excerpt":"\r Housing transactions in Hong Kong hit a 26-month low in March because of higher borrowing costs and a devastating fifth wave of the coronavirus pandemic. In fact, the city\u2019s total number of transactions including those involving homes, shops, industrial units and car parking spaces also hit a 26-month low\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-set-to-slip-further-after-unexpected-0-6-per-cent-drop-in-october-as-coronavirus-fourth-wave-dents-confidence\/","url_meta":{"origin":117762,"position":2},"title":"Hong Kong home prices set to slip further after \u2018unexpected\u2019 0.6 per cent drop in October as coronavirus fourth wave dents confidence","date":"November 26, 2020","format":false,"excerpt":"\r The fourth wave of coronavirus infections is expected to drag Hong Kong\u2019s home prices down further after they \u201cunexpectedly\u201d fell 0.6 per cent in October.In an earlier-than-expected release, the government\u2019s Rating and Valuation Department on Thursday revealed that the secondary market home price index dropped to 380.9 last month.\u201cEven\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":117762,"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":119882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-market-narrowly-avoids-first-annual-decline-in-home-prices-in-12-years-as-demand-defies-coronavirus\/","url_meta":{"origin":117762,"position":4},"title":"Hong Kong property market narrowly avoids first annual decline in home prices in 12 years as demand defies coronavirus","date":"January 27, 2021","format":false,"excerpt":"\r Hong Kong\u2019s home prices narrowly avoided their first annual decline in 12 years as the fourth wave of coronavirus dealt a less savage blow than expected to December\u2019s data.The price index for lived-in homes in December fell 0.4 per cent to 379.3, stretching a three-month losing streak to 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118919,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather\/","url_meta":{"origin":117762,"position":5},"title":"Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather","date":"October 15, 2020","format":false,"excerpt":"\r A deeper correction in Hong Kong\u2019s residential rents lies ahead in the last quarter, property agencies said, as its economic outlook gets gloomier.Rents fell 1.2 per cent month on month in September to HK$34 (US$4.4) per square foot on average, and have declined by more than 10 per cent\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\/117762"}],"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=117762"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}