{"id":118919,"date":"2020-10-15T07:30:14","date_gmt":"2020-10-15T00:30:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather\/"},"modified":"2020-10-15T08:10:13","modified_gmt":"2020-10-15T01:10:13","slug":"hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather\/","title":{"rendered":"Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather"},"content":{"rendered":"


\nA deeper correction in Hong Kong\u2019s residential rents lies ahead in the last quarter, property agencies said, as its economic outlook gets gloomier.Rents fell 1.2 per cent month on month in September to HK$34 (US$4.4) per square foot on average, and have declined by more than 10 per cent from a peak in July 2019, Centaline Property Agency, a major Hong Kong agency, said.Only two \u2013 Sceneway Garden in Kowloon and Taikoo Shing on Hong Kong Island \u2013 out of the 10 most popular residential estates\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A deeper correction in Hong Kong\u2019s residential rents lies ahead in the last quarter, property...<\/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-118919","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-uW3","jetpack-related-posts":[{"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":118919,"position":0},"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":102494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say\/","url_meta":{"origin":118919,"position":1},"title":"Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say","date":"December 23, 2018","format":false,"excerpt":"\r Rents of grade A offices in Central, the most expensive globally, could see a decline of up to 6 per cent in 2019 after they dropped for the first time in November amid growing trade and economic concerns, according to analysts. Monthly office rents in Central and the surrounding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-rents-drop-near-universities-as-mainland-chinese-students-stay-at-home-for-online-classes\/","url_meta":{"origin":118919,"position":2},"title":"Hong Kong home rents drop near universities, as mainland Chinese students stay at home for online classes","date":"August 25, 2020","format":false,"excerpt":"\r The Hong Kong residential market has lost one of its most steady sources of tenants \u2013 mainland Chinese students \u2013 this summer, after most of the city\u2019s universities moved to online teaching for the coming semester amid the coronavirus pandemic.Rents in some areas close to universities have dropped by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171240,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-surge-to-near-2-year-high-but-iran-war-clouds-outlook\/","url_meta":{"origin":118919,"position":3},"title":"Hong Kong home prices surge to near 2-year high, but Iran war clouds outlook","date":"March 27, 2026","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices rose 1.6 per cent in February, marking the 11th straight month of positive movement for the residential property segment, as the city\u2019s rents scaled another peak, according to official data. Since reversing a downward trend in April, second-hand home prices had climbed nearly 8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-more-expats-flock-to-hong-kong-luxury-home-rents-poised-for-further-upswing\/","url_meta":{"origin":118919,"position":4},"title":"As more expats flock to Hong Kong, luxury home rents poised for further upswing","date":"August 26, 2026","format":false,"excerpt":"\r Hong Kong\u2019s growing number of expatriates is boosting the city\u2019s residential property leasing market with luxury rents likely to rise by about 5 per cent this year and continue their upswing in 2027, according to property consultancy JLL. The private residential rental index by the Rating and Valuation Department\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-rents-could-be-about-to-march-higher-after-five-months-of-deflation-analysts-say\/","url_meta":{"origin":118919,"position":5},"title":"Hong Kong rents could be about to march higher after five months of deflation, analysts say","date":"February 14, 2019","format":false,"excerpt":"\r Hong Kong renters hoping for a prolonged bout of deflation could be in for disappointment in the next few months as data shows rental prices may be about to round the bottom, bringing an end to a soft patch that started in August. On average, residential rents dropped 0.3\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\/118919"}],"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=118919"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}