{"id":122100,"date":"2021-09-20T20:25:50","date_gmt":"2021-09-20T13:25:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-plunged-into-turmoil-amid-concerns-beijing-targeting-property-firms-six-firms-lose-us11-billion-in-market-value\/"},"modified":"2021-09-20T21:06:34","modified_gmt":"2021-09-20T14:06:34","slug":"hong-kong-developers-plunged-into-turmoil-amid-concerns-beijing-targeting-property-firms-six-firms-lose-us11-billion-in-market-value","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-plunged-into-turmoil-amid-concerns-beijing-targeting-property-firms-six-firms-lose-us11-billion-in-market-value\/","title":{"rendered":"Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value"},"content":{"rendered":"


\nHong Kong\u2019s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government\u2019s injunctions for them to serve the national interest drained 6.75 per cent from a gauge that tracks the city\u2019s real estate stocks.Housing affordability has long been one of the top woes afflicting Hong Kong, and Chinese government officials had long urged the city\u2019s developers and authorities to put their resources together to address the issue, in adherence to Chinese\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US billion in market value<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s property developers have been left reeling after a sell-off purportedly attributed to the...<\/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-122100","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-vLm","jetpack-related-posts":[{"id":118020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/national-security-law-prompts-more-mainland-firms-to-bid-for-hong-kong-land-as-china-vanke-unit-wins-residential-plot-in-tai-po\/","url_meta":{"origin":122100,"position":0},"title":"National security law prompts more mainland firms to bid for Hong Kong land as China Vanke unit wins residential plot in Tai Po","date":"July 30, 2020","format":false,"excerpt":"\r Mainland Chinese developers, emboldened by the new security law, will become more active buyers of Hong Kong land as local firms back off amid political turmoil and recession, surveyors predict.The forecast came as a mainland-based consortium won a parcel of land in Tai Po earmarked for over 1,000 \u201cmid-to-low\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firms-pick-up-assets-on-the-cheap-from-stricken-mainland-chinese-developers\/","url_meta":{"origin":122100,"position":1},"title":"Hong Kong property firms pick up assets on the cheap from stricken mainland Chinese developers","date":"November 30, 2021","format":false,"excerpt":"\r Mid-sized Hong Kong property firms are picking up residential plots at heavily discounted prices from cash-strapped mainland Chinese developers who are speeding up asset sales to repay debt.Far East Consortium International recently snapped up two land parcels, one of which was from the heavily indebted Kaisa Group Holdings.\u201cWe may\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-sunac-top-list-of-chinese-developers-due-in-hong-kong-court-this-month-as-creditors-sue-to-recover-payments\/","url_meta":{"origin":122100,"position":2},"title":"Evergrande, Sunac top list of Chinese developers due in Hong Kong court this month as creditors sue to recover payments","date":"November 2, 2022","format":false,"excerpt":"\r The court hearings against China\u2019s top property firms come after a unit of Yango Group was ordered to be wound down, the first such instance in Hong Kong against a major developer amid the ongoing crisis.\r \r Source : South China Morning Post\r Read more...Evergrande, Sunac top list of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-firms-seeking-hong-kong-listings-amid-us-hostility-may-help-buoy-flagging-office-rental-market-as-space-the-size-of-lippo-centre-abandoned\/","url_meta":{"origin":122100,"position":3},"title":"Chinese firms seeking Hong Kong listings amid US hostility may help buoy flagging office rental market as space the size of Lippo Centre abandoned","date":"July 16, 2020","format":false,"excerpt":"\r Companies are giving up their office space in Hong Kong at an almost unprecedented rate as the economy tanks in the wake of Covid-19, which piled further misery on top of the city\u2019s year-long political crisis.But observers say there is a glimmer of hope for the world\u2019s most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-firms-lose-appetite-for-hong-kong-assets-after-beijing-tightens-capital-controls\/","url_meta":{"origin":122100,"position":4},"title":"China firms lose appetite for Hong Kong assets after Beijing tightens capital controls","date":"August 22, 2017","format":false,"excerpt":"\r Mainland Chinese companies, the big money behind Hong Kong\u2019s real estate market since 2015, will see a decline in their investment appetite for the city\u2019s assets following Beijing\u2019s tighter capital controls on overseas investments, pushing down property prices over the medium term, say analysts. Even though individual mainland Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55241,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parking-is-prime-in-hong-kong-property-market\/","url_meta":{"origin":122100,"position":5},"title":"Parking is prime in Hong Kong property market","date":"May 18, 2017","format":false,"excerpt":"\r The most expensive plot of land ever sold in Hong Kong is a public car park squeezed between Cheung Kong Center and Hutchison House, two major flagship buildings owned by the city's richest man Li Ka-shing.The HK$23.3 billion (Dh10.99bn) site at Murray Road, in the heart of Hong Kong's\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\/122100"}],"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=122100"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}