{"id":140513,"date":"2023-11-30T18:30:16","date_gmt":"2023-11-30T11:30:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-sees-record-6-failed-land-tenders-as-elevated-interest-rates-depressed-home-prices-dampen-demand-for-new-plots-colliers-says\/"},"modified":"2023-11-30T18:38:55","modified_gmt":"2023-11-30T11:38:55","slug":"hong-kong-sees-record-6-failed-land-tenders-as-elevated-interest-rates-depressed-home-prices-dampen-demand-for-new-plots-colliers-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-sees-record-6-failed-land-tenders-as-elevated-interest-rates-depressed-home-prices-dampen-demand-for-new-plots-colliers-says\/","title":{"rendered":"Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says"},"content":{"rendered":"


\nThe city saw a record six failed land tenders this year as high interest rates, a sluggish economy and complex development requirements diminished developers\u2019 appetite to acquire new plots, according to Colliers.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The city saw a record six failed land tenders this year as high interest rates,...<\/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-140513","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-Ayl","jetpack-related-posts":[{"id":139915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/colliers-revises-2023-forecast-says-hong-kong-commercial-property-investment-to-decline-by-65-per-cent-as-interest-rates-economy-weigh-on-sentiment\/","url_meta":{"origin":140513,"position":0},"title":"Colliers revises 2023 forecast, says Hong Kong commercial property investment to decline by 65 per cent as interest rates, economy weigh on sentiment","date":"October 18, 2023","format":false,"excerpt":"\r Investment in Hong Kong commercial property this year is likely to fall 65 per cent year on year to HK$26 billion (US$3.33 billion), a 15-year low, as a slow economic recovery in the city and mainland China as well as elevated interest rates weigh on sentiment, Colliers says.\r \r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-scraps-sale-of-worlds-most-expensive-land-site-as-market-outlook-turns-cloudy\/","url_meta":{"origin":140513,"position":1},"title":"Hong Kong scraps sale of world\u2019s most expensive land site as market outlook turns cloudy","date":"October 16, 2018","format":false,"excerpt":"\r A luxury residential site on The Peak has been withdrawn from sale on Tuesday, a sign that developers are increasingly cautious about the Hong Kong market outlook as a sliding stock market, rising interest rates and the escalating US-China trade war could further dampen buying interest. The Lands Department\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bids-for-hong-kongs-land-tenders-may-come-in-with-20-per-cent-discounts-foretelling-more-woes-for-citys-real-estate-industry\/","url_meta":{"origin":140513,"position":2},"title":"Bids for Hong Kong\u2019s land tenders may come in with 20 per cent discounts, foretelling more woes for city\u2019s real estate industry","date":"April 22, 2020","format":false,"excerpt":"\r Three plots of land the Hong Kong government is going to sell through tender could attract bids that are up to 20 per cent below mid-2019 levels, which in turn could determine transaction volume and prices in the world\u2019s most expensive property market, industry consultants said.A residential plot in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developers-take-redevelopment-route-to-shore-up-hong-kong-land-bank-as-they-fail-to-win-government-tenders\/","url_meta":{"origin":140513,"position":3},"title":"Mainland Chinese developers take redevelopment route to shore up Hong Kong land bank as they fail to win government tenders","date":"February 27, 2019","format":false,"excerpt":"\r Mainland Chinese builders appear to be shifting their Hong Kong land bank strategy by acquiring old buildings for redevelopment, as fierce competition and Beijing\u2019s capital outflow restrictions make it difficult to secure plots in government tenders.Last year, they submitted 39 compulsory en-bloc sale applications to Hong Kong\u2019s Lands Tribunal,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172124,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/caution-on-land-tenders-key-to-hong-kongs-property-recovery-analysts\/","url_meta":{"origin":140513,"position":4},"title":"Caution on land tenders key to Hong Kong\u2019s property recovery: analysts","date":"July 4, 2026","format":false,"excerpt":"\r As Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-condos-up-for-en-bloc-sale\/","url_meta":{"origin":140513,"position":5},"title":"Four condos up for en bloc sale","date":"November 16, 2017","format":false,"excerpt":"\r Derby Court is a freehold condominium development located at 5, Derbyshire Road in District 11 near Novena MRT station. (Photo: JLL) Four residential developments, including the iconic Pearlbank Apartments in Outram, have been put up in separate tenders for en bloc sale. The others are Parkway Mansion in Katong,\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\/140513"}],"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=140513"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140513\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}