{"id":127721,"date":"2022-07-13T16:45:16","date_gmt":"2022-07-13T09:45:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-hong-kongs-property-market-turning-buyers-walk-away-from-21-signed-contracts-forfeiting-us1-1-million-in-deposits-amid-rising-rates\/"},"modified":"2022-07-13T17:08:59","modified_gmt":"2022-07-13T10:08:59","slug":"is-hong-kongs-property-market-turning-buyers-walk-away-from-21-signed-contracts-forfeiting-us1-1-million-in-deposits-amid-rising-rates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-hong-kongs-property-market-turning-buyers-walk-away-from-21-signed-contracts-forfeiting-us1-1-million-in-deposits-amid-rising-rates\/","title":{"rendered":"Is Hong Kong\u2019s property market turning? Buyers walk away from 21 signed contracts, forfeiting US$1.1 million in deposits amid rising rates"},"content":{"rendered":"


\nA total of 21 buyers at a Cheung Sha Wan project failed to complete transactions they agreed to in 2020, amid falling prices and rising mortgage rates.
\n
\nSource : South China Morning Post
\nRead more…Is Hong Kong\u2019s property market turning? Buyers walk away from 21 signed contracts, forfeiting US.1 million in deposits amid rising rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 21 buyers at a Cheung Sha Wan project failed to complete transactions...<\/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-127721","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-xe1","jetpack-related-posts":[{"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":127721,"position":0},"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":96321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/few-takers-for-latest-batch-of-flats-at-hong-kongs-cheapest-residential-project-this-year\/","url_meta":{"origin":127721,"position":1},"title":"Few takers for latest batch of flats at Hong Kong\u2019s cheapest residential project this year","date":"August 20, 2018","format":false,"excerpt":"\r Less than half the flats on offer at a residential project in Yuen Long were sold on Sunday where a few buyers forfeited huge deposits deals last week, with analysts pointing out that investors are having second thoughts amid rising mortgage rates, US-China trade war, struggling stock market and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-spooked-by-recession-talk-of-national-security-law-forfeit-us1-5-million-in-deposits-walk-away-from-purchases\/","url_meta":{"origin":127721,"position":2},"title":"Hong Kong homebuyers \u2013 spooked by recession, talk of national security law \u2013 forfeit US$1.5 million in deposits, walk away from purchases","date":"May 26, 2020","format":false,"excerpt":"\r Nineteen Hong Kong homebuyers who put down deposits for flats at the height of a market rally around June 2018 have walked away from their purchases, forfeiting as much as HK$11.83 million (US$1.53 million) and HK$12.4 million in two instances over the past month.Nine buyers walked away from Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites\/","url_meta":{"origin":127721,"position":3},"title":"Buyers are walking away from Hong Kong property contracts as stamp duty bites","date":"November 14, 2016","format":false,"excerpt":"\r A growing number of Hong Kong\u2019s property buyers have defaulted on their agreements and forfeited their deposits, as a November 5 increase in stamp duty shows effects. Four transactions involving seven apartments valued at a combined HK$55.4 million had been cancelled, according to the government\u2019s website. \u201cMore contracts will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-buyers-return-in-droves-as-banks-kept-mortgage-rates-unchanged-amid-a-dovish-monetary-policy\/","url_meta":{"origin":127721,"position":4},"title":"Hong Kong\u2019s home buyers return in droves as banks kept mortgage rates unchanged amid a dovish monetary policy","date":"March 23, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property buyers are back in droves, as commercial banks kept the city\u2019s mortgage rates unchanged amid a dovish policy stance by the local monetary authority.Across the city, four property projects with 891 flats in total were offered for sale in Lohas Park, To Kwa Wan, Yau Tong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138285,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-prices-to-decline-further-amid-high-mortgage-rates-glut-of-new-units-lack-of-mainland-buyers-jll\/","url_meta":{"origin":127721,"position":5},"title":"Hong Kong\u2019s home prices to decline further amid high mortgage rates, glut of new units, lack of mainland buyers: JLL","date":"July 12, 2023","format":false,"excerpt":"\r Market is having \u2018the longest price adjustment since 2008\u2019 and \u2018has not found a bottom\u2019, says JLL\u2019s Hong Kong chairman, as firm\u2019s new forecast calls for 5 to 8 per cent drop in home prices in 2023.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s home prices\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\/127721"}],"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=127721"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/127721\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=127721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=127721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=127721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}