{"id":118393,"date":"2020-08-28T19:15:50","date_gmt":"2020-08-28T12:15:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-midland-posts-worst-interim-results-in-four-years-as-hong-kong-market-hammered-by-coronavirus-social-unrest\/"},"modified":"2020-08-28T21:07:47","modified_gmt":"2020-08-28T14:07:47","slug":"property-agent-midland-posts-worst-interim-results-in-four-years-as-hong-kong-market-hammered-by-coronavirus-social-unrest","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-midland-posts-worst-interim-results-in-four-years-as-hong-kong-market-hammered-by-coronavirus-social-unrest\/","title":{"rendered":"Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest"},"content":{"rendered":"


\nMidland Holdings, one of Hong Kong\u2019s largest property agents, lost HK$24.3 million (US$3.1 million) in the first half, a reversal of the HK$94 million profit it reported a year ago and its worst interim results since 2016.Revenues declined by about 15 per cent to HK$2.5 billion in the period, reflecting the uncertain conditions that it had to operate in as the city grapples with an unprecedented recession. The economy has been crippled as the coronavirus pandemic compounded damage already done\u2026
\n
\nSource : South China Morning Post
\nRead more…Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Midland Holdings, one of Hong Kong\u2019s largest property agents, lost HK$24.3 million (US$3.1 million) in...<\/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-118393","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-uNz","jetpack-related-posts":[{"id":115206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-sales-agencies-report-their-worst-financial-results-in-years-amid-triple-whammy-industry-slump\/","url_meta":{"origin":118393,"position":0},"title":"Hong Kong\u2019s property sales agencies report their worst financial results in years amid triple whammy industry slump","date":"March 27, 2020","format":false,"excerpt":"\r Hong 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,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-hong-kong-property-brokerage-says-governments-coronavirus-relief-package-has-helped-save-900-jobs\/","url_meta":{"origin":118393,"position":1},"title":"Top Hong Kong property brokerage says government\u2019s coronavirus relief package has helped save 900 jobs","date":"June 29, 2020","format":false,"excerpt":"\r Hong Kong\u2019s top property agencies are among the latest batch of more than 33,000 employers claiming subsidy under the coronavirus relief package, as the city\u2019s bustling property market takes a beating from the pandemic-induced slowdown.Midland Holdings, the parent of the city\u2019s biggest property brokerage Midland Realty, together with its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123999,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-five-biggest-factors-that-may-influence-hong-kong-home-prices-in-the-year-ahead\/","url_meta":{"origin":118393,"position":2},"title":"The five biggest factors that may influence Hong Kong home prices in the year ahead","date":"December 28, 2021","format":false,"excerpt":"\r Hong Kong has repeatedly been touted as the least affordable housing market over the years, with the average household needing to save for about 20 years to buy a home.It costs HK$16,239 (US$2,082) per sq ft to buy a property in Hong Kong, according to data from Midland Realty.But\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-new-flat-sales-predicted-to-top-hk150-billion-this-year\/","url_meta":{"origin":118393,"position":3},"title":"Hong Kong new flat sales predicted to top HK$150 billion this year","date":"September 13, 2016","format":false,"excerpt":"\r The recent frenetic home-buying activity could lift total transaction values of new flats this year to HK$150 billion, the third highest annual total since 1996, according to leading agent Midland Realty.\r \r Source : South China Morning Post\r Read more...Hong Kong new flat sales predicted to top HK0 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-buying-fever-surges-to-record-high-in-first-quarter-as-purchasers-splash-out-hk47-5b\/","url_meta":{"origin":118393,"position":4},"title":"Hong Kong home buying fever surges to record high in first quarter, as purchasers splash out HK$47.5b","date":"April 16, 2017","format":false,"excerpt":"\r Hong Kong\u2019s home buying fever continued unabated in the first quarter of this year, after purchasers splashing out a record HK$47.5 billion (US$6.11 billion) on new flats \u2013 the biggest buying spree ever, according to the latest figures from Midland Realty, the city\u2019s only listed property agent. But industry\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-have-sold-hk44-6-billion-worth-of-new-homes-this-year\/","url_meta":{"origin":118393,"position":5},"title":"Hong Kong developers have sold HK$44.6 billion worth of new homes this year","date":"May 18, 2016","format":false,"excerpt":"\r Hong Kong developers had HK$44.6 billion in sales of new homes between January 1 and May 17, accounting for 44 per cent of the total transaction value in the residential market, according to Midland Realty. The last time that level was reached was in 2003.\r \r Source : South\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\/118393"}],"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=118393"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}