{"id":118809,"date":"2020-10-05T07:30:17","date_gmt":"2020-10-05T00:30:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-rental-market-faces-tough-fourth-quarter-as-recession-makes-redundancies-more-likely\/"},"modified":"2020-10-05T08:03:03","modified_gmt":"2020-10-05T01:03:03","slug":"hong-kongs-home-rental-market-faces-tough-fourth-quarter-as-recession-makes-redundancies-more-likely","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-rental-market-faces-tough-fourth-quarter-as-recession-makes-redundancies-more-likely\/","title":{"rendered":"Hong Kong\u2019s home rental market faces tough fourth quarter as recession makes redundancies more likely"},"content":{"rendered":"


\nHong Kong\u2019s residential leasing market will be under pressure in the last three months of this year as the traditional low season coincides with the worst recession in decades, property agents said.With many companies reliant on government handouts to stay afloat, more redundancies are likely in the next six months with obvious negative implications for local housing demand, according to Savills.\u201cThe rental market still seems precariously balanced as tenants and landlords face uncertain\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s home rental market faces tough fourth quarter as recession makes redundancies more likely<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s residential leasing market will be under pressure in the last three months of...<\/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-118809","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-uUh","jetpack-related-posts":[{"id":76970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-shopping-mall-rents-rise-for-the-first-time-in-a-year-as-foot-traffic-improves\/","url_meta":{"origin":118809,"position":0},"title":"Hong Kong\u2019s shopping mall rents rise for the first time in a year as foot traffic improves","date":"January 17, 2018","format":false,"excerpt":"\r Hong Kong\u2019s prime shopping centres recorded growth in rental rates for the first time in three quarters, lifted by improving retail sales as local consumers enjoyed the wealth effects brought by rising property and stock prices. Rental rates rose 0.2 per cent to 145.6 in the December-ended quarter, reflecting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-business-elite-are-cashing-in-their-luxury-villas-at-a-loss-as-they-brace-for-the-citys-worst-economic-recession\/","url_meta":{"origin":118809,"position":1},"title":"Hong Kong\u2019s business elite are cashing in their luxury villas at a loss as they brace for the city\u2019s worst economic recession","date":"May 2, 2020","format":false,"excerpt":"\r Some of Hong Kong\u2019s wealthy property owners are cashing in their luxury houses, often slashing the price to sell at a loss, as the city faces the threat of its worst recession ever.Many of them are company owners and executives looking to free up much-needed cash to keep their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worst-is-over-for-hong-kongs-luxury-home-rental-sector-as-local-demand-fills-flats-vacated-by-expats-says-shkp-unit\/","url_meta":{"origin":118809,"position":2},"title":"Worst is over for Hong Kong\u2019s luxury home rental sector as local demand fills flats vacated by expats, says SHKP unit","date":"September 7, 2021","format":false,"excerpt":"\r The worst is over for Hong Kong\u2019s high-end home rentals sector, as local demand has gradually filled up the empty flats left behind by expatriates, according to the luxury residential leasing arm of Sun Hung Kai Properties (SHKP).Luxury home rents have dropped by 16 per cent in the last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113003,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-recession-hit-economy-weighs-on-rents-for-a-fourth-consecutive-month-in-november-set-to-fall-further\/","url_meta":{"origin":118809,"position":3},"title":"Hong Kong\u2019s recession-hit economy weighs on rents for a fourth consecutive month in November, set to fall further","date":"December 12, 2019","format":false,"excerpt":"\r Rents for residential property in Hong Kong will continue to decline over the next few months as a weakening economy raises concerns over employment, market observers said.The average rent fell 1.6 per cent last month from a year earlier to HK$36 (US$4.6) per square foot \u2013 the lowest since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107707,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worsening-us-china-trade-war-hits-hong-kongs-office-rental-market-as-companies-put-expansion-plans-on-hold\/","url_meta":{"origin":118809,"position":4},"title":"Worsening US-China trade war hits Hong Kong\u2019s office rental market as companies put expansion plans on hold","date":"June 2, 2019","format":false,"excerpt":"\r The worsening US-China trade war, which continues to depress stock markets and the economy, is affecting Hong Kong\u2019s office leasing market, as a growing number of companies are holding back their expansion or relocation plans, say market observers.Hedge funds, asset management companies and foreign trading firms are taking a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/returning-expats-fuel-hong-kongs-luxury-rental-rebound-savills-says\/","url_meta":{"origin":118809,"position":5},"title":"Returning expats fuel Hong Kong\u2019s luxury rental rebound, Savills says","date":"November 12, 2025","format":false,"excerpt":"\r Hong Kong\u2019s luxury residential rents are likely to climb another 3 to 5 per cent next year as growing numbers of returning Western expatriates and home-grown professionals drive demand for high-end accommodation, according to Savills. Deals were expected to exceed the 660 last year, said Jack Tong, the property\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\/118809"}],"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=118809"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}