{"id":118611,"date":"2020-09-15T06:00:19","date_gmt":"2020-09-14T23:00:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-property-investors-head-for-the-exit-amid-fears-of-a-deep-and-prolonged-correction-in-prices\/"},"modified":"2020-09-15T06:03:12","modified_gmt":"2020-09-14T23:03:12","slug":"hong-kongs-veteran-property-investors-head-for-the-exit-amid-fears-of-a-deep-and-prolonged-correction-in-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-property-investors-head-for-the-exit-amid-fears-of-a-deep-and-prolonged-correction-in-prices\/","title":{"rendered":"Hong Kong\u2019s veteran property investors head for the exit amid fears of a deep and prolonged correction in prices"},"content":{"rendered":"


\nVeteran investors in Hong Kong property, anticipating a deeper correction in prices amid dwindling buying activity, the coronavirus pandemic and worsening US-China relations, are rapidly cashing out of their holdings.Albert Wong Kam-hong, the former deputy chairman of real estate company Midland Holdings, for instance, sold his adjoining flats in The Coronation Tower near Kowloon Station for HK$22 million (US$2.8 million) last month. The 1,206 sq ft property, which he had bought eight years ago\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s veteran property investors head for the exit amid fears of a deep and prolonged correction in prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Veteran investors in Hong Kong property, anticipating a deeper correction in prices amid dwindling buying...<\/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-118611","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-uR5","jetpack-related-posts":[{"id":105455,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-correction-in-hong-kongs-home-prices-over-more-than-half-of-market-observers-think-so\/","url_meta":{"origin":118611,"position":0},"title":"Is the correction in Hong Kong\u2019s home prices over? More than half of market observers think so","date":"March 27, 2019","format":false,"excerpt":"\r More than half of market observers believe that the correction in Hong Kong\u2019s home prices is over, according to a straw poll conducted by the Post.Thirteen out of the 23 respondents including developers, lawyers, economists and veteran investors interviewed between March 22 and 25, said they expect prices of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-luxury-home-prices-expected-to-stay-flat-next-year-amid-protest-fears-says-knight-frank\/","url_meta":{"origin":118611,"position":1},"title":"Hong Kong luxury home prices expected to stay flat next year amid protest fears, says Knight Frank","date":"December 7, 2019","format":false,"excerpt":"\r Hong Kong is the only major city in Asia that will not see any growth in luxury home prices next year, as investors stay on the sidelines until the months-long anti-government protests end, after having risen by about 40 per cent in the 10 years to 2018, Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-investors-head-offshore-for-better-returns-as-prices-and-rents-decline-at-home-amid-a-slumping-economy\/","url_meta":{"origin":118611,"position":2},"title":"Hong Kong\u2019s real estate investors head offshore for better returns, as prices and rents decline at home amid a slumping economy","date":"January 20, 2020","format":false,"excerpt":"\r Hong Kong\u2019s real estate investors are increasingly looking offshore for better returns on their investments, amid the city\u2019s declining rents and resale prices for office space and retail lots in a slumping economy.Family offices, as the investment vehicles of ultra-high net worth tycoons are called, have begun to increase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-investors-seek-to-lock-in-gains-as-20pc-price-drop-spurs-concerns-on-outlook\/","url_meta":{"origin":118611,"position":3},"title":"Hong Kong property investors seek to lock-in gains as 20pc price drop spurs concerns on outlook","date":"December 12, 2018","format":false,"excerpt":"\r Some property investors are rushing to cash out amid fears of a further fall in Hong Kong home prices, a move that could accelerate the correction in selected housing estates. Values have already plunged more than 20 per cent from recent highs, according to experts. Examples of the double-digit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155007,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-investors-face-the-heat-in-sinking-property-market\/","url_meta":{"origin":118611,"position":4},"title":"Hong Kong\u2019s veteran investors face the heat in sinking property market","date":"June 1, 2025","format":false,"excerpt":"\r Hong Kong\u2019s commercial market declines have left some of the city\u2019s once-prosperous veteran investors struggling financially, with experts expecting distressed sales to continue amid plunging property valuations. In April, receivers took over the luxury detached mansion in Pok Fu Lam where \u201cCassette King\u201d David Chan Ping-chi and his family\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-buyers-to-undergird-hong-kongs-home-prices-standard-chartered-says\/","url_meta":{"origin":118611,"position":5},"title":"China buyers to undergird Hong Kong\u2019s home prices, Standard Chartered says","date":"December 21, 2016","format":false,"excerpt":"\r Hong Kong\u2019s home prices are unlikely to see significant fall amid solid demand, despite the increasing interest rates and the government\u2019s measures to curb growth, Standard Chartered says. \u201cI can\u2019t see Hong Kong\u2019s property prices falling too much considering the demand and supply, and mainland investors are still buying\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\/118611"}],"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=118611"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118611\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}