{"id":123773,"date":"2021-12-13T08:30:16","date_gmt":"2021-12-13T01:30:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-spent-a-record-us4-5-billion-to-buy-lived-in-subsidised-homes-amid-soaring-private-flat-prices\/"},"modified":"2021-12-13T09:03:43","modified_gmt":"2021-12-13T02:03:43","slug":"hongkongers-spent-a-record-us4-5-billion-to-buy-lived-in-subsidised-homes-amid-soaring-private-flat-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-spent-a-record-us4-5-billion-to-buy-lived-in-subsidised-homes-amid-soaring-private-flat-prices\/","title":{"rendered":"Hongkongers spent a record US$4.5 billion to buy lived-in subsidised homes amid soaring private flat prices"},"content":{"rendered":"


\nHong Kong sales of lived-in subsidised homes rose to a record HK$34.9 billion (US$4.5 billion) for the first 11 months, as buyers rush for cheaper alternatives amid a surge in private home prices that have pushed them beyond general affordability.The transaction value of lived-in flats under the Home Ownership Scheme (HOS) has exceeded 2020\u2019s HK$26.05 billion, according to Centaline Property Agency. The total number of deals in this period, at 6,530, was the highest since 1996, which saw 6,520\u2026
\n
\nSource : South China Morning Post
\nRead more…Hongkongers spent a record US.5 billion to buy lived-in subsidised homes amid soaring private flat prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong sales of lived-in subsidised homes rose to a record HK$34.9 billion (US$4.5 billion)...<\/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-123773","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-wcl","jetpack-related-posts":[{"id":108785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-public-rental-flats-no-longer-the-bargain-they-once-were-as-private-sector-prices-spill-over\/","url_meta":{"origin":123773,"position":0},"title":"Hong Kong\u2019s public rental flats no longer the bargain they once were as private sector prices spill over","date":"July 7, 2019","format":false,"excerpt":"\r Buying a lived-in public rental home used to be a cheaper option for Hongkongers wanting to get onto the city\u2019s famously steep property ladder.That may not be the case for much longer as soaring prices in the private sector spill over to government-subsidised homes.On Tuesday, the market was shocked\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buying-frenzy-spills-over-into-hong-kongs-lived-in-subsidised-home-ownership-scheme-flats\/","url_meta":{"origin":123773,"position":1},"title":"Home buying frenzy spills over into Hong Kong\u2019s lived-in, subsidised Home Ownership Scheme flats","date":"July 9, 2021","format":false,"excerpt":"\r Hong Kong\u2019s home buying fever has spilled over into the subsidised housing market as turnover and average prices rise to new highs amid a recovery in the city\u2019s coronavirus pandemic-battered economy.Transactions involving lived-in Home Ownership Scheme (HOS) flats in the first half of this year amounted to HK$17.6 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/transactions-of-government-subsidised-homes-sink-to-record-low-in-october-as-property-market-wobbles\/","url_meta":{"origin":123773,"position":2},"title":"Transactions of government subsidised homes sink to record low in October as property market wobbles","date":"November 9, 2018","format":false,"excerpt":"\r Hong Kong\u2019s falling private housing prices are weighing heavily on the sales of government subsidised homes. The number of transactions of used Home Ownership Scheme (HOS) flats fell to 180 in October from 451 in May \u2013 the lowest since records began in 1996, according to data from Ricacorp\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-ck-asset-wins-hong-kongs-first-plot-of-land-earmarked-for-private-and-subsidised-starter-homes-for-lowly-hk4-9-billion-as-covid-19-batters-property-market\/","url_meta":{"origin":123773,"position":3},"title":"Developer CK Asset wins Hong Kong\u2019s first plot of land earmarked for private and subsidised starter homes for lowly HK$4.9 billion as Covid-19 batters property market","date":"May 19, 2020","format":false,"excerpt":"\r CK Asset Holdings has won Hong Kong\u2019s first ever plot of land earmarked for a mixture of private and government-subsidised homes developed by private builders, for a price at the lower end of market expectations.The second-biggest developer in Hong Kong by value will pay HK$4.95 billion (US$638.8 million) for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-breaking-sale-of-hk10-million-subsidised-flat-prompts-calls-for-further-public-housing-restrictions-in-hong-kong\/","url_meta":{"origin":123773,"position":4},"title":"Record-breaking sale of HK$10 million subsidised flat prompts calls for further public housing restrictions in Hong Kong","date":"July 25, 2018","format":false,"excerpt":"\r Hong Kong\u2019s subsidised housing market is setting fresh records, with a government-built flat being sold for more than HK$10 million (US$1.27 million), despite new measures aimed at taming runaway property prices. At the same time, market watchers are looking for signs of a tipping point after major developer Sun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/market-abuzz-as-to-where-subsidised-housing-sites-will-be-at-former-hong-kong-airport-site\/","url_meta":{"origin":123773,"position":5},"title":"Market abuzz as to where subsidised housing sites will be at former Hong Kong airport site","date":"July 10, 2018","format":false,"excerpt":"\r Betting on who will win the 2018 Fifa World Cup has become so banal.\u00a0 Homebuyers in Hong Kong are gripped by an intrigue that is far more captivating: guessing where exactly the government plans to reassign land at the former Kai Tak airport to build subsidised flats on. These\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\/123773"}],"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=123773"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}