{"id":119618,"date":"2020-12-29T12:44:10","date_gmt":"2020-12-29T05:44:10","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-12-29T14:06:24","modified_gmt":"2020-12-29T07:06:24","slug":"hong-kong-poised-for-first-annual-decline-in-home-prices-in-12-years-as-coronavirus-deepens-recession-adds-to-unemployment-woes","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong poised for first annual decline in home prices in 12 years as coronavirus deepens recession, adds to unemployment woes"},"content":{"rendered":"


\nHong 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 in seven months, according to an earlier-than-expected release from the Rating and Valuation Department on Tuesday.November\u2019s index is 1.3 per cent lower than it was a year ago, and although it is 0.2 per\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong poised for first annual decline in home prices in 12 years as coronavirus deepens recession, adds to unemployment woes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong looks likely to record its first annual drop in home prices for 12...<\/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-119618","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-v7k","jetpack-related-posts":[{"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":119618,"position":0},"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":[]},{"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":119618,"position":1},"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":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":119618,"position":2},"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":118323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-stand-off-turns-nasty-with-landlords-suing-tenants-to-recover-arrears-as-recession-deepens\/","url_meta":{"origin":119618,"position":3},"title":"Hong Kong retail stand-off turns nasty with landlords suing tenants to recover arrears as recession deepens","date":"August 21, 2020","format":false,"excerpt":"\r The months-long stand-off between Hong Kong\u2019s commercial landlords and retailers is taking a turn for the worse, as a third wave of coronavirus outbreak amid the city\u2019s worst recession crimped retail sales, pushing many businesses to the brink of bankruptcy.Harbour City, one of Hong Kong\u2019s best-known luxury shopping centres\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":119618,"position":4},"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":119099,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-hang-seng-index-or-unemployment-rate-a-better-predictor-of-hong-kong-housing-prices\/","url_meta":{"origin":119618,"position":5},"title":"Is the Hang Seng Index or unemployment rate a better predictor of Hong Kong housing prices?","date":"November 3, 2020","format":false,"excerpt":"\r In the last two years, Hong Kong has endured a series of major incidents, from the US-China trade war to the anti-extradition bill and associated social unrest, to the Covid-19 pandemic. The Hong Kong economy has been dampened since the third quarter of 2019, with GDP growth flipped from\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\/119618"}],"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=119618"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119618\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}