{"id":124697,"date":"2022-02-24T14:30:21","date_gmt":"2022-02-24T07:30:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-used-home-prices-drop-by-most-in-23-months-as-owners-discount-their-flats-to-flee-covid-19-fifth-wave\/"},"modified":"2022-02-24T15:17:35","modified_gmt":"2022-02-24T08:17:35","slug":"hong-kongs-used-home-prices-drop-by-most-in-23-months-as-owners-discount-their-flats-to-flee-covid-19-fifth-wave","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-used-home-prices-drop-by-most-in-23-months-as-owners-discount-their-flats-to-flee-covid-19-fifth-wave\/","title":{"rendered":"Hong Kong\u2019s used home prices drop by most in 23 months as owners discount their flats to flee Covid-19 fifth wave"},"content":{"rendered":"


\nHong Kong\u2019s lived-in home prices suffered their biggest drop in almost two years as the fifth wave of Covid-19 prompted anxious owners to offload their flats at steeper discounts.Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department on Thursday. It was the sharpest decline since February 2020 when the gauge retreated by 1.6 per cent.The worst may be yet to come, according to Ricacorp Properties which forecasts a 4 per cent fall in\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s used home prices drop by most in 23 months as owners discount their flats to flee Covid-19 fifth wave<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s lived-in home prices suffered their biggest drop in almost two years as 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-124697","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-wrf","jetpack-related-posts":[{"id":124503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-lived-in-homes-see-valuations-drop-as-fifth-covid-19-wave-takes-hold\/","url_meta":{"origin":124697,"position":0},"title":"Hong Kong lived-in homes see valuations drop as fifth Covid-19 wave takes hold","date":"February 8, 2022","format":false,"excerpt":"\r The valuations of Hong Kong\u2019s lived-in homes are expected to head south as a fifth Covid-19 wave linked to the Omicron variant takes hold and deals plunge because of fewer viewings, brokers said.Banks may reduce valuations by 1 to 2 per cent in February and by another 1 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125817,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-prices-flats-in-kai-tak-12-per-cent-cheaper-as-hong-kongs-developers-get-ready-to-test-demand-in-economy-ravaged-by-covid-19\/","url_meta":{"origin":124697,"position":1},"title":"Wheelock prices flats in Kai Tak 12 per cent cheaper as Hong Kong\u2019s developers get ready to test demand in economy ravaged by Covid-19","date":"April 14, 2022","format":false,"excerpt":"\r Wheelock Properties priced the first 112 units at Monaco Marine in Kai Tak at an average HK$24,833 (US$3,167) per sq ft, 12 per cent below a development sold in the same area last summer.\r \r Source : South China Morning Post\r Read more...Wheelock prices flats in Kai Tak 12\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-pile-into-new-flats-as-low-rates-spur-them-to-shrug-aside-concerns-of-hong-kongs-fourth-wave-of-covid-19-infections\/","url_meta":{"origin":124697,"position":2},"title":"Homebuyers pile into new flats, as low rates spur them to shrug aside concerns of Hong Kong\u2019s fourth wave of Covid-19 infections","date":"November 28, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers shrugged aside concerns of a fourth wave of coronavirus infections in the city to snap up new property over the weekend, confident in their belief that mortgage rates would remain low in the near future.Minmetals Land, the property unit of one of China\u2019s largest metallurgical producers,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/negative-equity-returns-to-hong-kong-as-small-flats-value-drop-by-20-per-cent-in-a-declining-market\/","url_meta":{"origin":124697,"position":3},"title":"Negative equity returns to Hong Kong as small flats\u2019 value drop by 20 per cent in a declining market","date":"October 29, 2018","format":false,"excerpt":"\r Scores of homeowners in Hong Kong are on the verge of falling into negative equity, with small flats in older buildings losing up to a fifth of their value in a matter of weeks. Many people who bought flats in the last couple of months have seen their value\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-rise-for-13th-straight-year-with-rising-trend-likely-to-sustain-if-city-brings-fifth-wave-of-covid-19-outbreak-under-control\/","url_meta":{"origin":124697,"position":4},"title":"Hong Kong home prices rise for 13th straight year, with rising trend likely to sustain if city brings fifth wave of Covid-19 outbreak under control","date":"January 27, 2022","format":false,"excerpt":"\r Hong Kong\u2019s home prices rose for a 13th straight year in 2021 even as prices declined for a third consecutive month in December, according to an index published by the city\u2019s Rating and Valuation Department.The index for lived-in homes in December fell about 0.3 per cent to 392.5 from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billion-development-prices-tsuen-wan-project-at-10-per-cent-discount-to-lived-in-homes-as-hong-kongs-property-market-reels-from-protests\/","url_meta":{"origin":124697,"position":5},"title":"Billion Development prices Tsuen Wan project at 10 per cent discount to lived-in homes as Hong Kong\u2019s property market reels from protests","date":"August 7, 2019","format":false,"excerpt":"\r Billion Development and Project Management on Tuesday released the first batch of flats at its Tsuen Wan project at discounts of up to 10 per cent to rates prevailing in the district, in the first sign that two months of unrest in Hong Kong is having an impact on\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\/124697"}],"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=124697"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124697\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}