{"id":120776,"date":"2021-06-29T20:07:08","date_gmt":"2021-06-29T13:07:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-land-supply-shrinks-to-10-year-low-setting-the-stage-for-home-prices-to-spiral-in-one-of-the-worlds-costliest-cities\/"},"modified":"2021-07-18T17:04:51","modified_gmt":"2021-07-18T10:04:51","slug":"hong-kongs-housing-land-supply-shrinks-to-10-year-low-setting-the-stage-for-home-prices-to-spiral-in-one-of-the-worlds-costliest-cities","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-land-supply-shrinks-to-10-year-low-setting-the-stage-for-home-prices-to-spiral-in-one-of-the-worlds-costliest-cities\/","title":{"rendered":"Hong Kong\u2019s housing land supply shrinks to 10-year low, setting the stage for home prices to spiral in one of the world\u2019s costliest cities"},"content":{"rendered":"


\nHong Kong\u2019s supply of residential land is shrinking to a 10-year low, as the local government runs out of usable plots for building homes, in a situation that may set the stage for property prices to rise further and fuel public grief in one of the world\u2019s least affordable urban centres.The city\u2019s government will release two sites capable of accommodating 200 flats for sale in the fiscal second quarter starting on July 1, according to Hong Kong\u2019s Secretary for Development Michael Wong, similar\u2026
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\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s housing land supply shrinks to 10-year low, setting the stage for home prices to spiral in one of the world\u2019s costliest cities<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s supply of residential land is shrinking to a 10-year low, as the local...<\/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-120776","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-vq0","jetpack-related-posts":[{"id":111885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-third-quarter-housing-supply-shrinks-adding-weight-to-policymakers-task-to-improve-affordability\/","url_meta":{"origin":120776,"position":0},"title":"Hong Kong\u2019s third-quarter housing supply shrinks, adding weight to policymakers\u2019 task to improve affordability","date":"October 25, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property developers are completing homes at a slower pace, at precisely the time of their greatest need, a problem that underscores the housing shortage that has push affordability beyond the reach of an increasing number of buyers.The number of completed private residential units fell 31.3 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-stay-away-from-hong-kongs-costliest-land-sale-as-remittance-rules-bite\/","url_meta":{"origin":120776,"position":1},"title":"Mainland developers stay away from Hong Kong\u2019s costliest land sale, as remittance rules bite","date":"May 12, 2017","format":false,"excerpt":"\r Mainland Chinese buyers had been setting one price record after another as they snapped up Hong Kong\u2019s commercial land and residential property for the past year. But as the city\u2019s government prepared to sell what could become the costliest land parcel in the city -- the first grade A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-pays-hk25-1-billion-for-hong-kongs-costliest-residential-land-at-kai-tak\/","url_meta":{"origin":120776,"position":2},"title":"Sun Hung Kai pays HK$25.1 billion for Hong Kong\u2019s costliest residential land at Kai Tak","date":"May 15, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties has prevailed in a lacklustre tender for a plot of residential land at Hong Kong\u2019s former Kai Tak airport site, paying a record HK$25.16 billion (US$3.2 billion) for the city\u2019s most expensive land parcel, according to data provided by the Lands Department. The Kai Tak\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-buys-worlds-costliest-commercial-land-plot-at-murray-road-in-hong-kong\/","url_meta":{"origin":120776,"position":3},"title":"Henderson buys world\u2019s costliest commercial land plot at Murray Road in Hong Kong","date":"May 16, 2017","format":false,"excerpt":"\r Henderson Land Development Co., the property company owned by one of Hong Kong\u2019s wealthiest families, has bought what\u2019s quite possibly the world\u2019s most expensive plot of commercial land in downtown Central. Henderson will pay a record HK$23.28 billion (US$3 billion) for the government\u2019s Murray Road commercial plot in Central,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-rare-999-year-leasehold-in-worlds-costliest-city-makes-us-government-one-of-hong-kongs-biggest-foreign-real-estate-owners\/","url_meta":{"origin":120776,"position":4},"title":"A rare 999-year leasehold in world\u2019s costliest city makes US government one of Hong Kong\u2019s biggest foreign real estate owners","date":"June 26, 2020","format":false,"excerpt":"\r In April 1999, less than two years after Hong Kong returned to Chinese sovereignty, an unusual real estate deal was signed between the city\u2019s administration under then Chief Executive Tung Chee-hwa and the US government.The contract extended the 75-year leasehold land at 26 Garden Road in Central \u2013 provided\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":120776,"position":5},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\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\/120776"}],"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=120776"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}