{"id":118943,"date":"2020-10-16T18:02:29","date_gmt":"2020-10-16T11:02:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-fails-to-offload-leftover-units-at-the-emerald-bay-phase-2-project-in-hong-kong\/"},"modified":"2020-10-16T18:25:06","modified_gmt":"2020-10-16T11:25:06","slug":"china-evergrande-fails-to-offload-leftover-units-at-the-emerald-bay-phase-2-project-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-fails-to-offload-leftover-units-at-the-emerald-bay-phase-2-project-in-hong-kong\/","title":{"rendered":"China Evergrande fails to offload leftover units at The Emerald Bay Phase 2 project in Hong Kong"},"content":{"rendered":"


\nChina Evergrande, the world\u2019s most indebted developer, failed to offload leftover units at its The Emerald Bay Phase 2 project in Hong Kong on Friday.It had sold just seven out of 262 units as of 7pm local time, which agents attributed to an oversupply of new flats in the district. Several projects, such as New World Development and MTR Corporation\u2019s The Pavilia Farm in Tai Wai, have diverted buyers\u2019 attention.\u201cThe purchasing power [for such flats] has dried up,\u201d Patrick Yu, district sales\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande fails to offload leftover units at The Emerald Bay Phase 2 project in Hong Kong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande, the world\u2019s most indebted developer, failed to offload leftover units at its The...<\/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-118943","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-uWr","jetpack-related-posts":[{"id":123294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-asks-hong-kong-property-agents-to-sell-more-flats-at-emerald-bay-if-they-want-the-commission-it-already-owes-them\/","url_meta":{"origin":118943,"position":0},"title":"China Evergrande asks Hong Kong property agents to sell more flats at Emerald Bay if they want the commission it already owes them","date":"November 18, 2021","format":false,"excerpt":"\r Debt-stricken China Evergrande Group is asking sales agents to sell even more flats at one of its Hong Kong projects so it can afford to pay them the commission it owes them for units they previously sold.The Shenzhen-based developer is offering to pay the outstanding commission fees owed on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fourth-time-unlucky-for-china-evergrande-as-hong-kong-investors-shun-emerald-bay-project-in-tuen-mun\/","url_meta":{"origin":118943,"position":1},"title":"Fourth time unlucky for China Evergrande as Hong Kong investors shun Emerald Bay project in Tuen Mun","date":"June 7, 2020","format":false,"excerpt":"\r China Evergrande\u2019s poor run of sales at its Emerald Bay residential project in Tuen Mun continued on Sunday, as property buyers become increasingly picky in an uncertain economic climate.It was the second of three sales to flop over the weekend, after buyers shunned Wheelock & Co\u2019s Ocean Marini development.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-emerald-bay-project-flops-for-the-second-time-in-two-months-as-buyers-stay-away-amid-hong-kongs-economic-slump\/","url_meta":{"origin":118943,"position":2},"title":"Evergrande\u2019s Emerald Bay project flops for the second time in two months as buyers stay away amid Hong Kong\u2019s economic slump","date":"April 18, 2020","format":false,"excerpt":"\r China Evergrande suffered its second sales flop in two months as Hong Kong\u2019s homebuyers gave their collective cold shoulder to its Emerald Bay flats in Tuen Mun, even after a 14-per cent average discount.The Chinese developer managed to find buyers for 16 flats, or a mere 6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-unlikely-to-increase-prices-of-new-flats-as-they-try-to-offload-8500-unsold-units-centaline-says\/","url_meta":{"origin":118943,"position":3},"title":"Hong Kong developers unlikely to increase prices of new flats as they try to offload 8,500 unsold units, Centaline says","date":"July 24, 2019","format":false,"excerpt":"\r Hong Kong builders will probably leave their prices virtually unchanged in the second half of the year, having accumulated close to 8,500 unsold units since 2016, according to Centaline Property Agency.The developers may be keener than they have been in the past to offload the stock because of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-centaline-property-agency-plans-further-legal-action-against-embattled-developers-hong-kong-subsidiary-to-recoup-unpaid-commission\/","url_meta":{"origin":118943,"position":4},"title":"Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer\u2019s Hong Kong subsidiary to recoup \u2018unpaid commission\u2019","date":"December 29, 2021","format":false,"excerpt":"\r Hong Kong\u2019s biggest property sales agency plans to take further legal action against a subsidiary of China Evergrande Group to recoup \u201cunpaid commission\u201d from the troubled developer.Centaline Property Agency said it will apply through the courts to chase HK$113 million (US$14.5 million) it claims it is owed by Evergrande\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122381,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-infects-hong-kong-market-as-midland-centaline-property-agencies-seek-to-recover-sales-commissions\/","url_meta":{"origin":118943,"position":5},"title":"Evergrande: crisis infects Hong Kong market as Midland, Centaline property agencies seek to recover sales commissions","date":"October 5, 2021","format":false,"excerpt":"\r China Evergrande\u2019s debt crisis is starting to infect Hong Kong\u2019s property market as a local real estate agency group sued to recover overdue commissions from two housing projects in the city. Another group is also considering a similar action.Midland Realty International and Hong Kong Property Services (Agency) are claiming\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\/118943"}],"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=118943"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118943\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}