{"id":118542,"date":"2020-09-09T06:15:15","date_gmt":"2020-09-08T23:15:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-rents-in-hong-kong-continue-to-fall-as-landlords-concede-more-yields-amid-recession\/"},"modified":"2020-09-09T07:06:55","modified_gmt":"2020-09-09T00:06:55","slug":"home-rents-in-hong-kong-continue-to-fall-as-landlords-concede-more-yields-amid-recession","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-rents-in-hong-kong-continue-to-fall-as-landlords-concede-more-yields-amid-recession\/","title":{"rendered":"Home rents in Hong Kong continue to fall as landlords concede more yields amid recession"},"content":{"rendered":"


\nHome rents in Hong Kong have continued to fall amid the city\u2019s deepening recession, with leases for the largest category of houses or flats hitting the lowest in almost 10 years.The index of rents for residential property measuring 160 square metre (1,722 sq ft) or above fell 1.3 per cent in July, according to the latest data from the Rating and Valuation Department. The decline pushed the gauge to the lowest level since August 2010.\u201cThe current real estate market is very abnormal,\u201d said Thomas\u2026
\n
\nSource : South China Morning Post
\nRead more…Home rents in Hong Kong continue to fall as landlords concede more yields amid recession<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home rents in Hong Kong have continued to fall amid the city\u2019s deepening recession, 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-118542","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-uPY","jetpack-related-posts":[{"id":116243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-in-central-hong-kong-slash-rents-by-more-than-a-third-as-vacancy-climbs-to-six-year-high-amid-economy-crushed-by-coronavirus\/","url_meta":{"origin":118542,"position":0},"title":"Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus","date":"May 12, 2020","format":false,"excerpt":"\r Hong Kong\u2019s major landlords of premium office space in Central are cutting rents by more than a third \u2013 returning them to 2017 levels \u2013 as the sharp economic contraction caused by the coronavirus forces corporate tenants either to downsize or move somewhere cheaper.The vacancy rate in Central, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":118542,"position":1},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116850,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-recession-squeeze-rents-are-converging-for-hong-kongs-micro-flat-and-subdivided-lots\/","url_meta":{"origin":118542,"position":2},"title":"In recession squeeze, rents are converging for Hong Kong\u2019s micro flat and subdivided lots","date":"June 3, 2020","format":false,"excerpt":"\r Rents 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-departments-take-advantage-of-falling-rents-to-lease-more-office-space-in-kowloon\/","url_meta":{"origin":118542,"position":3},"title":"Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon","date":"July 2, 2021","format":false,"excerpt":"\r The Hong Kong government is taking advantage of the drop in office rents to seek additional space for some departments, joining private companies looking to expand amid an improving economy.The Transport Department recently signed a lease for a huge office space in Kowloon, while the Lands Department is in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-yet-to-bottom-out-as-landlords-offer-deeper-discounts\/","url_meta":{"origin":118542,"position":4},"title":"Hong Kong retail rents yet to bottom out as landlords offer deeper discounts","date":"June 13, 2016","format":false,"excerpt":"\r Landlords of street level shops in prime locations in Hong Kong are slashing rents significantly in a bid to woo retailers whose business is suffering from dwindling tourist traffic, signalling that the market correction is not yet over.\r \r Source : South China Morning Post\r Read more...Hong Kong retail\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-should-brace-for-slashed-retail-rents-in-2025-sp-global\/","url_meta":{"origin":118542,"position":5},"title":"Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global","date":"February 20, 2025","format":false,"excerpt":"\r Major S&P-rated landlords could be forced to cut rents for new leases by 5 to 10 per cent, firm says, adding that situation could get worse.\r \r Source : South China Morning Post\r Read more...Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global","rel":"","context":"In "Property 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