{"id":118687,"date":"2020-09-20T08:30:14","date_gmt":"2020-09-20T01:30:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rebuild-cash-hoard-to-prepare-for-new-opportunities-amid-biggest-market-correction-in-four-years\/"},"modified":"2020-09-20T09:09:17","modified_gmt":"2020-09-20T02:09:17","slug":"hong-kong-developers-rebuild-cash-hoard-to-prepare-for-new-opportunities-amid-biggest-market-correction-in-four-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rebuild-cash-hoard-to-prepare-for-new-opportunities-amid-biggest-market-correction-in-four-years\/","title":{"rendered":"Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years"},"content":{"rendered":"


\nSome of Hong Kong\u2019s biggest developers are building up their cash hoard by selling noncore assets, a move seen as readying themselves for acquisition opportunities amid the biggest market correction since at least 2016.This year, groups including Wheelock Properties, Chinachem and New World Development have raised more than HK$4 billion (US$516 million) from the sale of retail, office and car parking spaces across the city, according to company announcements and government land records.While\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some of Hong Kong\u2019s biggest developers are building up their cash hoard by selling noncore...<\/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-118687","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-uSj","jetpack-related-posts":[{"id":85296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-hoard-of-empty-flats-aggravates-hong-kongs-housing-crisis-will-a-tax-fix-it\/","url_meta":{"origin":118687,"position":0},"title":"Developers\u2019 hoard of empty flats aggravates Hong Kong\u2019s housing crisis. Will a tax fix it?","date":"April 15, 2018","format":false,"excerpt":"\r Close to 300 flats lie disturbingly vacant in a completed new residential development in Ho Man Tin even as the Hong Kong government struggles to resolve the perennial short supply of housing in the world\u2019s most expensive property market. The 1,429-unit Mantin Heights project in Ho Man Tin was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders\/","url_meta":{"origin":118687,"position":1},"title":"Hong Kong\u2019s proposed vacancy tax could have this one unintended consequence on home builders","date":"July 17, 2018","format":false,"excerpt":"\r The Hong Kong government\u2019s plan to impose a vacancy tax on property developers who hoard empty, unsold flats could have the unintended consequence of spurring home builders to reclassify some units for the rental market. Sun Hung Kai Properties (SHKP), which has the biggest hoard of completed flats, said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134240,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-seize-mainland-property-opportunities-amid-downturn-but-will-trend-continue-in-2023\/","url_meta":{"origin":118687,"position":2},"title":"Hong Kong developers seize mainland property opportunities amid downturn but will trend continue in 2023?","date":"January 25, 2023","format":false,"excerpt":"\r It has been a good time to buy for Hong Kong developers amid a liquidity crisis on the mainland but analysts say it will still be tough to generate big returns until sentiment stabilises.\r \r Source : South China Morning Post\r Read more...Hong Kong developers seize mainland property opportunities\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jpmorgan-is-bullish-on-some-hong-kong-developers-as-hk40-billion-liquidity-build-up-seen-shoring-up-housing-market-sentiment\/","url_meta":{"origin":118687,"position":3},"title":"JPMorgan is bullish on some Hong Kong developers as HK$40 billion liquidity build-up seen shoring up housing market sentiment","date":"January 9, 2020","format":false,"excerpt":"\r JPMorgan Chase is going bullish on some of Hong Kong\u2019s biggest developers because a correction in home prices is likely to be fleeting and a HK$40 billion (US$5.1 billion) build-up in liquidity over the past 12 months could help shore up market sentiment after the first quarter this year.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-to-flood-market-with-more-than-9000-homes-in-second-quarter-amid-improving-sentiment\/","url_meta":{"origin":118687,"position":4},"title":"Hong Kong developers to flood market with more than 9,000 homes in second quarter amid improving sentiment","date":"April 4, 2019","format":false,"excerpt":"\r Hong Kong developers are likely to flood the market with more than 9,000 homes \u2013 nearly half the government\u2019s annual target \u2013 as they look to cash in on the rising prices. But analysts say increases could be dampened as builders woo buyers with hefty discounts.Derek Chan, head of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-bans-pan-sutong-from-pre-selling-grand-homm-flats-in-ho-man-tin-amid-concern-over-developers-cash-crunch\/","url_meta":{"origin":118687,"position":5},"title":"Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer\u2019s cash crunch","date":"September 7, 2021","format":false,"excerpt":"\r Hong Kong\u2019s government has banned the real estate magnate Pan Sutong from selling residential property off the drawing plan until its completion, in an unprecedented exercise of its mandate amid concerns over the developer\u2019s cash crunch.Grand Homm, a luxury apartment project in the Ho Man Tin residential area of\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\/118687"}],"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=118687"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}