{"id":119357,"date":"2020-11-26T14:29:40","date_gmt":"2020-11-26T07:29:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-set-to-slip-further-after-unexpected-0-6-per-cent-drop-in-october-as-coronavirus-fourth-wave-dents-confidence\/"},"modified":"2020-11-26T15:11:25","modified_gmt":"2020-11-26T08:11:25","slug":"hong-kong-home-prices-set-to-slip-further-after-unexpected-0-6-per-cent-drop-in-october-as-coronavirus-fourth-wave-dents-confidence","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-set-to-slip-further-after-unexpected-0-6-per-cent-drop-in-october-as-coronavirus-fourth-wave-dents-confidence\/","title":{"rendered":"Hong Kong home prices set to slip further after \u2018unexpected\u2019 0.6 per cent drop in October as coronavirus fourth wave dents confidence"},"content":{"rendered":"


\nThe fourth wave of coronavirus infections is expected to drag Hong Kong\u2019s home prices down further after they \u201cunexpectedly\u201d fell 0.6 per cent in October.In an earlier-than-expected release, the government\u2019s Rating and Valuation Department on Thursday revealed that the secondary market home price index dropped to 380.9 last month.\u201cEven though the epidemic was relatively stable, the property price index last month unexpectedly softened,\u201d said Derek Chan, head of research at Ricacorp Properties\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong home prices set to slip further after \u2018unexpected\u2019 0.6 per cent drop in October as coronavirus fourth wave dents confidence<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The fourth wave of coronavirus infections is expected to drag Hong Kong\u2019s home prices down...<\/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-119357","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-v37","jetpack-related-posts":[{"id":119618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-poised-for-first-annual-decline-in-home-prices-in-12-years-as-coronavirus-deepens-recession-adds-to-unemployment-woes\/","url_meta":{"origin":119357,"position":0},"title":"Hong Kong poised for first annual decline in home prices in 12 years as coronavirus deepens recession, adds to unemployment woes","date":"December 29, 2020","format":false,"excerpt":"\r Hong Kong looks likely to record its first annual drop in home prices for 12 years as a fourth wave of coronavirus infections threatens to worsen the city\u2019s recession and unemployment problem.The official price index for used homes slipped 0.2 per cent to 380.4 in November, the lowest level\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-market-narrowly-avoids-first-annual-decline-in-home-prices-in-12-years-as-demand-defies-coronavirus\/","url_meta":{"origin":119357,"position":1},"title":"Hong Kong property market narrowly avoids first annual decline in home prices in 12 years as demand defies coronavirus","date":"January 27, 2021","format":false,"excerpt":"\r Hong Kong\u2019s home prices narrowly avoided their first annual decline in 12 years as the fourth wave of coronavirus dealt a less savage blow than expected to December\u2019s data.The price index for lived-in homes in December fell 0.4 per cent to 379.3, stretching a three-month losing streak to 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118919,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather\/","url_meta":{"origin":119357,"position":2},"title":"Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather","date":"October 15, 2020","format":false,"excerpt":"\r A 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-coronavirus-outbreak-containment-measures-weigh-on-sector-hong-kong-home-prices-record-biggest-drop-in-15-months\/","url_meta":{"origin":119357,"position":3},"title":"As coronavirus outbreak, containment measures weigh on sector, Hong Kong home prices record biggest drop in 15 months","date":"March 31, 2020","format":false,"excerpt":"\r Hong Kong home prices had their steepest drop in 15 months in February, and are expected to decline by up to 20 per cent from a peak in June 2019 by year-end amid the coronavirus pandemic.An index of used home prices dropped 2.1 per cent last month, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-expected-to-fall-11-6-per-cent-in-july-with-coronavirus-third-wave-hurting-demand\/","url_meta":{"origin":119357,"position":4},"title":"Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand","date":"July 13, 2020","format":false,"excerpt":"\r Property transactions in Hong Kong, including those involving homes, shops, industrial units and car parks, are expected to fall this month, as a third wave of coronavirus cases adds to the woes of a sector already hit hard by economic recession and rising unemployment.Centaline Property Agency forecast on Sunday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-hong-kong-home-prices-extend-decline-in-january-with-more-pain-in-store-as-covid-19-adds-to-economic-gloom\/","url_meta":{"origin":119357,"position":5},"title":"Coronavirus: Hong Kong home prices extend decline in January with more pain in store as Covid-19 adds to economic gloom","date":"February 28, 2020","format":false,"excerpt":"\r Hong Kong's home prices extended a drop in January as the coronavirus outbreak added to the gloom in the economy already reeling from the effects of social unrest in 2019. As the epidemic spreads, the market should brace of a steeper decline in February, according to Ricacorp Properties.An index\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\/119357"}],"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=119357"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119357\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}