{"id":129901,"date":"2022-09-23T07:30:05","date_gmt":"2022-09-23T00:30:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-hong-kong-homebuyers-have-seen-their-purchasing-power-shrink-by-hk1-million-since-january\/"},"modified":"2022-09-23T09:38:25","modified_gmt":"2022-09-23T02:38:25","slug":"how-hong-kong-homebuyers-have-seen-their-purchasing-power-shrink-by-hk1-million-since-january","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-hong-kong-homebuyers-have-seen-their-purchasing-power-shrink-by-hk1-million-since-january\/","title":{"rendered":"How Hong Kong homebuyers have seen their purchasing power shrink by HK$1 million since January"},"content":{"rendered":"


\nWhile potential homebuyers might have lost HK$1 million (US$127,390) in buying power so far this year, homeowners will see their mortgage payments go up after banks raised their prime rates.
\n
\nSource : South China Morning Post
\nRead more…How Hong Kong homebuyers have seen their purchasing power shrink by HK million since January<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While potential homebuyers might have lost HK$1 million (US$127,390) in buying power so far this...<\/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-129901","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-xNb","jetpack-related-posts":[{"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":129901,"position":0},"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":91564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-snap-up-flats-in-citys-first-two-sales-after-us-interest-rate-increase\/","url_meta":{"origin":129901,"position":1},"title":"Hong Kong homebuyers snap up flats in city\u2019s first two sales after US interest rate increase","date":"June 16, 2018","format":false,"excerpt":"\r Homebuyers in Hong Kong rushed to buy flats on Friday and Saturday in the city\u2019s first two sales after the US raised interest rates, indicating no dip in the buoyant and expensive local property market. As of 5pm on Saturday, all 119 units on offer, priced between HK$47.12 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sandwich-class-flat-in-tsing-yi-sells-for-record-us1-2-million-as-hong-kong-homebuyers-get-desperate\/","url_meta":{"origin":129901,"position":2},"title":"\u2018Sandwich class\u2019 flat in Tsing Yi sells for record US$1.2 million as Hong Kong homebuyers get desperate","date":"May 7, 2019","format":false,"excerpt":"\r Hong Kong homebuyers, desperate to get their hands on property after a short-lived price correction, are chasing real estate in an obscure segment of the market as a bull market takes hold.On Monday, a 706 square feet flat at the 24-year-old Tivoli Garden in Tsing Yi, New Territories, was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-turn-to-finance-companies-as-banks-tighten-mortgage-lending\/","url_meta":{"origin":129901,"position":3},"title":"Hong Kong homebuyers turn to finance companies as banks tighten mortgage lending","date":"May 9, 2017","format":false,"excerpt":"\r Buyers of new flats seeking to minimise their down payments are increasingly choosing home loans from finance companies, which are beyond the reach of the banking regulator, according to a survey. Centaline Property Agency found that nearly 18 per cent, or HK$2.6 billion, of the estimated HK$14.7 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-flock-to-henderson-land-project-in-wan-chai\/","url_meta":{"origin":129901,"position":4},"title":"Hong Kong homebuyers flock to Henderson Land project in Wan Chai","date":"October 18, 2025","format":false,"excerpt":"\r Hong Kong homebuyers snapped up new flats at a Henderson Land project in Wan Chai in the latest sign of a real-estate market recovery. By early evening on Saturday, all 75 units on offer at the Woodis residential development on Wood Road were sold out, according to property agents.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-getting-cold-feet-in-hong-kongs-property-market-amid-growing-uncertainties\/","url_meta":{"origin":129901,"position":5},"title":"Homebuyers getting cold feet in Hong Kong\u2019s property market amid growing uncertainties","date":"August 17, 2018","format":false,"excerpt":"\r Some buyers are so edgy about the Hong Kong property market that they are pulling out of deals, despite losing big deposits. A buyer who agreed to buy a unit at Sun Hung Kai Properties\u2019 St Martin II two weeks ago cancelled the purchase on Thursday. The U-turn 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\/129901"}],"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=129901"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=129901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=129901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=129901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}