{"id":121429,"date":"2021-08-13T07:00:19","date_gmt":"2021-08-13T00:00:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-crisis-how-much-of-the-blame-for-homes-crunch-lies-with-citys-property-developers\/"},"modified":"2021-08-13T08:13:17","modified_gmt":"2021-08-13T01:13:17","slug":"hong-kongs-housing-crisis-how-much-of-the-blame-for-homes-crunch-lies-with-citys-property-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-crisis-how-much-of-the-blame-for-homes-crunch-lies-with-citys-property-developers\/","title":{"rendered":"Hong Kong\u2019s housing crisis: how much of the blame for homes crunch lies with city\u2019s property developers?"},"content":{"rendered":"


\nIn the last of a three-part series on Hong Kong\u2019s housing crisis, the Post looks at the city\u2019s property developers and their role in the dire situation. Read part one here and part two here.Thousands of new high-rise homes have come on the market over the past two years in Tai Po, in the eastern corner of Hong Kong\u2019s New Territories facing Tolo Harbour.In a city facing a housing crisis where demand far outstrips supply, a large number of completed flats have remained unsold in Pak Shek Kok,\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s housing crisis: how much of the blame for homes crunch lies with city\u2019s property developers?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the last of a three-part series on Hong Kong\u2019s housing crisis, the Post looks...<\/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-121429","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-vAx","jetpack-related-posts":[{"id":98549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taller-higher-density-towers-are-the-answer-to-hong-kongs-property-crisis-say-developers-and-industry-groups\/","url_meta":{"origin":121429,"position":0},"title":"Taller, higher-density towers are the answer to Hong Kong\u2019s property crisis, say developers and industry groups","date":"September 26, 2018","format":false,"excerpt":"\r It\u2019s already known for its imposing, tightly packed skyscrapers. But the answer to the chronic shortage of housing and commercial property in Hong Kong may be taller buildings of even higher density, according to developers and industry groups. The world\u2019s least affordable city to live in is facing an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-donates-3-million-square-feet-of-farmland-to-ease-hong-kongs-housing-crisis\/","url_meta":{"origin":121429,"position":1},"title":"New World Development donates 3 million square feet of farmland to ease Hong Kong\u2019s housing crisis","date":"September 25, 2019","format":false,"excerpt":"\r New World Development said it will donate 3 million square feet of farmland for public and social housing development in Hong Kong.Adrian Cheng Chi-kong, executive vice-chairman and general manager at New World Development said the donation was aimed at alleviating the serious shortage of land for housing that has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-tax-is-a-short-term-solution-to-hong-kongs-long-term-housing-shortage-crisis\/","url_meta":{"origin":121429,"position":2},"title":"Vacancy tax is a short-term solution to Hong Kong\u2019s long-term housing shortage crisis","date":"April 16, 2019","format":false,"excerpt":"\r The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-hoard-of-empty-flats-aggravates-hong-kongs-housing-crisis-will-a-tax-fix-it\/","url_meta":{"origin":121429,"position":3},"title":"Developers\u2019 hoard of empty flats aggravates Hong Kong\u2019s housing crisis. Will a tax fix it?","date":"April 15, 2018","format":false,"excerpt":"\r Close to 300 flats lie disturbingly vacant in a completed new residential development in Ho Man Tin even as the Hong Kong government struggles to resolve the perennial short supply of housing in the world\u2019s most expensive property market. The 1,429-unit Mantin Heights project in Ho Man Tin was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-to-get-creative-to-fix-hong-kongs-housing-crisis\/","url_meta":{"origin":121429,"position":4},"title":"We need to get creative to fix Hong Kong\u2019s housing crisis","date":"August 14, 2018","format":false,"excerpt":"\r For many people in Hong Kong, home is not where the heart is. Whether they are stuck on social-housing waiting lists for years, living in potentially dangerous subdivided units, stumping up for a \u201cnano\u201d apartment, or desperately scrimping and saving for decades to get on the first rung of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-race-to-exploit-a-loophole-in-hong-kongs-vacancy-tax-before-a-patch-is-made\/","url_meta":{"origin":121429,"position":5},"title":"Developers race to exploit a loophole in Hong Kong\u2019s vacancy tax before a patch is made","date":"August 4, 2018","format":false,"excerpt":"\r Hong Kong\u2019s developers are racing to exploit a loophole in the vacancy tax announced on June 29 for increasing housing supply, before the city\u2019s Legislative Council mends the gap when it gets around to passing the bill for enacting the levy. The tax, announced by Chief Executive Carrie Lam\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\/121429"}],"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=121429"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}