{"id":121862,"date":"2021-09-07T10:31:02","date_gmt":"2021-09-07T03:31:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-bans-pan-sutong-from-pre-selling-grand-homm-flats-in-ho-man-tin-amid-concern-over-developers-cash-crunch\/"},"modified":"2021-09-07T12:03:09","modified_gmt":"2021-09-07T05:03:09","slug":"hong-kong-bans-pan-sutong-from-pre-selling-grand-homm-flats-in-ho-man-tin-amid-concern-over-developers-cash-crunch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-bans-pan-sutong-from-pre-selling-grand-homm-flats-in-ho-man-tin-amid-concern-over-developers-cash-crunch\/","title":{"rendered":"Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer\u2019s cash crunch"},"content":{"rendered":"


\nHong Kong\u2019s government has banned the real estate magnate Pan Sutong from selling residential property off the drawing plan until its completion, in an unprecedented exercise of its mandate amid concerns over the developer\u2019s cash crunch.Grand Homm, a luxury apartment project in the Ho Man Tin residential area of Kowloon district, had its presale consent cancelled on August 27, according to Lands Department records on September 6.The ban, the first exercise of the local authority\u2019s mandate since\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer\u2019s cash crunch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s government has banned the real estate magnate Pan Sutong from selling residential property...<\/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-121862","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-vHw","jetpack-related-posts":[{"id":86425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-conglomerate-goldin-financials-stock-soars-on-plan-to-sell-property-worth-us1-6-billion-to-chairman\/","url_meta":{"origin":121862,"position":0},"title":"Hong Kong conglomerate Goldin Financial\u2019s stock soars on plan to sell property worth US$1.6 billion to chairman","date":"April 25, 2018","format":false,"excerpt":"\r Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city\u2019s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company\u2019s chairman. Shares in the company soared by as much as 18 per cent, amid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pan-sutong-controlled-goldin-financial-loses-control-over-flagship-tower-as-court-rules-in-favour-of-creditors\/","url_meta":{"origin":121862,"position":1},"title":"Pan Sutong-controlled Goldin Financial loses control over flagship tower as court rules in favour of creditors","date":"October 29, 2020","format":false,"excerpt":"\r The drama surrounding the ownership and sale of Goldin Financial Global Centre, a 28-storey building and headquarters of cash-strapped Goldin Financial Holdings, came to an end on Thursday, after a court ruled in favour of the developer\u2019s creditors.The Goldin unit Smart Edge and Goldin Financial Global Centre are under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-pan-sutong-controlled-goldin-loses-control-of-crown-jewel-as-creditors-put-kowloon-headquarters-on-the-market\/","url_meta":{"origin":121862,"position":2},"title":"Billionaire Pan Sutong-controlled Goldin loses control of crown jewel as creditors put Kowloon headquarters on the market","date":"September 28, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong developer Goldin Financial Holdings is about to lose one of its crown jewels \u2013 its corporate headquarters in Kowloon Bay \u2013 after creditors put the property up for sale by tender.Receivers and managers of the asset have engaged Knight Frank as the sole agent to seek\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldin-seeks-to-raise-another-hk8-7-billion-in-loans-and-sell-kai-tak-site-to-pay-piling-debts\/","url_meta":{"origin":121862,"position":3},"title":"Cash-strapped developer Goldin seeks to raise another HK$8.7 billion in loans and sell Kai Tak site to pay piling debts","date":"July 16, 2020","format":false,"excerpt":"\r Goldin Financial Holdings, which staged a spectacular U-turn in 2018 from buying Hong Kong\u2019s most expensive waterfront land, said it is actively looking for capital to repay a growing pile of debt, as its stock lost nearly 70 per cent in value since October.The company, controlled by billionaire Pan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-will-bid-in-hong-kong-government-land-auctions\/","url_meta":{"origin":121862,"position":4},"title":"Goldin Financial will bid in Hong Kong government land auctions","date":"December 19, 2016","format":false,"excerpt":"\r Goldin Financial Holdingswill \u201cactively participate\u201d in Hong Kong government land sales after it formed a HK$20 billion joint venture with its chairman Pan Sutong to diversify into property investment in the city and in the mainland. \u201cWe prefer buying land suitable for the development of high-end residential and commercial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117922,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-chairman-of-indebted-property-firm-goldin-hong-kong-shop-king-among-investors-disposing-of-assets-on-the-cheap-to-pay-debt\/","url_meta":{"origin":121862,"position":5},"title":"Billionaire chairman of indebted property firm Goldin, Hong Kong \u2018shop king\u2019 among investors disposing of assets on the cheap to pay debt","date":"July 23, 2020","format":false,"excerpt":"\r Two of Hong Kong\u2019s tycoons have joined the ranks of investors needing to raise funds to meet their debt obligations.Billionaire Pan Sutong, the chairman of the Goldin Financial Holdings, is putting his own property on the market while seeking help from his famous wealthy neighbour to survive a debt\u2026","rel":"","context":"In "Property 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