{"id":118453,"date":"2020-09-03T09:00:15","date_gmt":"2020-09-03T02:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/"},"modified":"2020-09-03T09:05:33","modified_gmt":"2020-09-03T02:05:33","slug":"hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment"},"content":{"rendered":"


\nHong 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 Wong Chuk Hang.Overall transaction volume, including homes, commercial and industrial properties and car parking spaces, sank 34.2 per cent month on month in August to HK$45.59 billion, according to\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with...<\/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-118453","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-uOx","jetpack-related-posts":[{"id":117762,"url":"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\/","url_meta":{"origin":118453,"position":0},"title":"Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand","date":"July 13, 2020","format":false,"excerpt":"\r Property 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-weigh-heavily-on-retail-property-transactions-as-volumes-sink-to-an-all-time-low-last-year\/","url_meta":{"origin":118453,"position":1},"title":"Hong Kong protests weigh heavily on retail property transactions as volumes sink to an all-time low last year","date":"January 21, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial and industrial property transaction volumes fell to the lowest level last year since record-keeping started in 1996, sinking nearly 50 per cent year on year, as investor sentiment took a beating since the anti-government protests started last June.Transaction volumes of industrial units, offices and shops plummeted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-drop-by-48-per-cent-to-yearly-low-deposits-worth-hk3-5-million-forfeited-as-protests-weigh-on-sentiment\/","url_meta":{"origin":118453,"position":2},"title":"Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment","date":"July 30, 2019","format":false,"excerpt":"\r Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city\u2019s real-estate market.Weekly transactions involving used homes fell to their lowest level this year on Sunday, according to one of the city\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-economic-slump-force-mainland-chinese-owners-to-dump-their-luxury-hong-kong-properties-at-steep-losses\/","url_meta":{"origin":118453,"position":3},"title":"Coronavirus, economic slump force mainland Chinese owners to dump their luxury Hong Kong properties at steep losses","date":"August 19, 2020","format":false,"excerpt":"\r Some heavily indebted mainland Chinese owners have been forced to sell their luxury apartments in Hong Kong at huge losses or discounts, as the economic slump at home takes a toll and a fresh wave of coronavirus makes them question the wisdom of holding on to the assets 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":118453,"position":4},"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":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":118453,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118453"}],"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=118453"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}