{"id":125673,"date":"2022-03-31T06:30:23","date_gmt":"2022-03-30T23:30:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midland-says-hong-kongs-property-doldrums-will-remain-through-the-first-half-as-covid-19-weighs-on-buying-sentiment-for-real-estate\/"},"modified":"2022-03-31T07:19:05","modified_gmt":"2022-03-31T00:19:05","slug":"midland-says-hong-kongs-property-doldrums-will-remain-through-the-first-half-as-covid-19-weighs-on-buying-sentiment-for-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midland-says-hong-kongs-property-doldrums-will-remain-through-the-first-half-as-covid-19-weighs-on-buying-sentiment-for-real-estate\/","title":{"rendered":"Midland says Hong Kong\u2019s property doldrums will remain through the first half as Covid-19 weighs on buying sentiment for real estate"},"content":{"rendered":"


\nMidland Holdings said Hong Kong\u2019s social distancing policies would weigh on property market sentiment through the first six months, after the city\u2019s sole publicly traded real estate agency posted its third annual profits slump in four years. Net income fell 24 per cent to HK$100 million (US$12.8 million) last year, without the one-off employment support scheme that had helped it swing to profit in 2020. Revenue, 99 per cent contributed by agency fees, rose 20.5 per cent to HK$6 billion, the\u2026
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\nSource : South China Morning Post
\nRead more…Midland says Hong Kong\u2019s property doldrums will remain through the first half as Covid-19 weighs on buying sentiment for real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Midland Holdings said Hong Kong\u2019s social distancing policies would weigh on property market sentiment through...<\/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-125673","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-wGZ","jetpack-related-posts":[{"id":51108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midland-reveals-real-estate-rebate-incentives-soar-74pc-in-effort-to-lure-buyers\/","url_meta":{"origin":125673,"position":0},"title":"Midland reveals real estate rebate incentives soar 74pc in effort to lure buyers","date":"April 6, 2017","format":false,"excerpt":"\r Midland Holdings, Hong Kong\u2019s only listed realtor, has revealed a 74 per cent rise in rebate incentives to HK$1 billion (US$128.7 million) last year, which significantly squeezed margins as competition remained fierce and transactions dwindled. Its latest set of annual results show HK$11 million in net profit (US$1.41 million),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sector-stuck-in-the-doldrums-pushes-vacancy-rate-of-street-level-shops-to-record-high\/","url_meta":{"origin":125673,"position":1},"title":"Hong Kong\u2019s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high","date":"September 15, 2020","format":false,"excerpt":"\r The vacancy rate of street level shops in Hong Kong\u2019s four major shopping districts \u2013 Causeway Bay, Mong Kok, Central and Tsim Sha Tsui \u2013 has reached a record high of 12.6 per cent and is expected to climb to 14 per cent in the first quarter next year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-two-biggest-property-agents-midland-and-centaline-to-reward-sales-reps-with-lai-see-to-drive-lunar-new-year-revenues\/","url_meta":{"origin":125673,"position":2},"title":"Hong Kong\u2019s two biggest property agents Midland and Centaline to reward sales reps with \u2018lai see\u2019 to drive Lunar New Year revenues","date":"February 12, 2021","format":false,"excerpt":"\r Hong Kong\u2019s two biggest real estate agents, Midland Realty and Centaline Property Agency, are ready to hand out \u201clai see\u201d money totalling about HK$900,000 (US$116,000) to their agents as an incentive to sell flats during the Lunar New Year holiday.Meanwhile, Henderson Land Development will give away lai see of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-market-sentiment-cools-as-us-china-trade-war-escalates\/","url_meta":{"origin":125673,"position":3},"title":"Hong Kong\u2019s housing market sentiment cools as US-China trade war escalates","date":"May 28, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property market sentiment is souring. Homeowners are slashing asking prices while buyers are forfeiting deposits on new flats amid the escalating US-China trade war.In New Territories, which has an ample supply of new flats, about 10 per cent of the homeowners have started lowering prices by an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midland-hong-kongs-only-listed-property-agency-warns-that-emigration-could-threaten-economic-development-and-housing-market\/","url_meta":{"origin":125673,"position":4},"title":"Midland, Hong Kong\u2019s only listed property agency, warns that emigration could threaten economic development and housing market","date":"August 26, 2021","format":false,"excerpt":"\r Midland Holdings, Hong Kong\u2019s only listed property agency, said on Thursday that a sustained wave of emigration could threaten the development of the city, its economic recovery and the housing market.The agency reported a return to profit following a recovery in Hong Kong\u2019s housing market. For the six months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":125673,"position":5},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\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\/125673"}],"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=125673"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125673\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}