{"id":119640,"date":"2021-01-02T09:00:07","date_gmt":"2021-01-02T02:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-worst-recession-on-record-points-to-bleak-outlook-in-2021-for-residential-property-and-commercial-real-estate-prices\/"},"modified":"2021-01-02T09:10:03","modified_gmt":"2021-01-02T02:10:03","slug":"hong-kongs-worst-recession-on-record-points-to-bleak-outlook-in-2021-for-residential-property-and-commercial-real-estate-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-worst-recession-on-record-points-to-bleak-outlook-in-2021-for-residential-property-and-commercial-real-estate-prices\/","title":{"rendered":"Hong Kong\u2019s worst recession on record points to bleak outlook in 2021 for residential property and commercial real estate prices"},"content":{"rendered":"


\nThe coronavirus pandemic will continue to weigh on all segments of Hong Kong\u2019s property market this year. From mass housing to luxury residences, from offices to shops, no major segment will be spared from the recession and rising unemployment, analysts say.A straw poll of 20 analysts, agencies and developers by the South China Morning Post on housing prices in 2021 showed six expect them to drop, seven were unsure. Only seven predicted outright gains.\u201cThe uncertain economic and business\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s worst recession on record points to bleak outlook in 2021 for residential property and commercial real estate prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The coronavirus pandemic will continue to weigh on all segments of Hong Kong\u2019s property market...<\/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-119640","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-v7G","jetpack-related-posts":[{"id":45658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-funds-to-move-into-hong-kongs-mass-housing-push-prices-to-new-highs-analysts-say\/","url_meta":{"origin":119640,"position":0},"title":"Chinese funds to move into Hong Kong\u2019s mass housing, push prices to new highs, analysts say","date":"February 27, 2017","format":false,"excerpt":"\r Chinese funds, which flooded Hong Kong\u2019s high-end residential property market and contributed to making the city the world\u2019s least affordable urban centre last year, are likely to trickle down into mass-housing in 2017, real estate analysts and agents said. With additional buyers and funds chasing a limited supply of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-rental-market-faces-tough-fourth-quarter-as-recession-makes-redundancies-more-likely\/","url_meta":{"origin":119640,"position":1},"title":"Hong Kong\u2019s home rental market faces tough fourth quarter as recession makes redundancies more likely","date":"October 5, 2020","format":false,"excerpt":"\r Hong 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118783,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-august-home-price-index-drops-by-the-most-in-six-months-as-recession-covid-19-sap-investment-appetite\/","url_meta":{"origin":119640,"position":2},"title":"Hong Kong\u2019s August home price index drops by the most in six months as recession, Covid-19 sap investment appetite","date":"September 30, 2020","format":false,"excerpt":"\r Hong Kong\u2019s prices for used residential property declined by the most in six months in August, as the coronavirus pandemic combined with the city\u2019s worst recession on record in sapping investors\u2019 appetite.The August price index for lived-in homes dropped by 1.1 per cent to 380.6, according to the Rating\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-rates-may-crimp-hong-kongs-second-half-home-prices-by-5-per-cent-analysts-say\/","url_meta":{"origin":119640,"position":3},"title":"Rising rates may crimp Hong Kong\u2019s second-half home prices by 5 per cent, analysts say","date":"June 16, 2017","format":false,"excerpt":"\r Hong Kong\u2019s soaring home prices will likely take a breather in the second half of this year, as buyers turn cautious in anticipation of an increase in mortgage rates, while an unusually large supply of new apartments floods the market, analysts said. The city\u2019s primary and secondary residential property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112081,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-wealthy-enclaves-are-burnishing-their-safe-haven-status-as-home-prices-tumble-in-protest-flashpoints\/","url_meta":{"origin":119640,"position":4},"title":"Hong Kong\u2019s wealthy enclaves are burnishing their safe-haven status as home prices tumble in protest flashpoints","date":"November 2, 2019","format":false,"excerpt":"\r Hong Kong\u2019s wealthy residential enclaves, where some of the world\u2019s most expensive homes are located, have also become safe havens in a tumbling property market as the city heads for a recession amid the worst political crisis in its history.Average home prices in the neighbourhood inhabited by multibillionaires and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2022-property-outlook-super-size-mansions-nano-flats-and-home-offices-round-out-the-most-important-trends-in-hong-kongs-housing-market\/","url_meta":{"origin":119640,"position":5},"title":"2022 property outlook: Super-size mansions, nano flats, and home offices round out the most important trends in Hong Kong\u2019s housing market","date":"December 24, 2021","format":false,"excerpt":"\r Hong Kong\u2019s transactions of new residential property may rise 15 per cent next year as buyers continue their demand in every segment of the market from 138-square foot micro-apartments to 4,500-sq ft mansions on The Peak, according to one of the city\u2019s largest real estate agencies.Up to HK$280 billion\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\/119640"}],"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=119640"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119640\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}