{"id":141281,"date":"2024-01-11T12:41:44","date_gmt":"2024-01-11T05:41:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-of-hong-kong-micro-flats-jiayuan-gets-closer-to-liquidation-after-buyers-shunned-parking-space-sized-homes\/"},"modified":"2024-01-11T12:49:09","modified_gmt":"2024-01-11T05:49:09","slug":"developer-of-hong-kong-micro-flats-jiayuan-gets-closer-to-liquidation-after-buyers-shunned-parking-space-sized-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-of-hong-kong-micro-flats-jiayuan-gets-closer-to-liquidation-after-buyers-shunned-parking-space-sized-homes\/","title":{"rendered":"Developer of Hong Kong micro flats Jiayuan gets closer to liquidation after buyers shunned parking-space-sized homes"},"content":{"rendered":"


\nThe company got buzz with the launch of flats as small as 131 sq ft in 2019, but poor sales and record high interest rates weighed on its debts.
\n
\nSource : South China Morning Post
\nRead more…Developer of Hong Kong micro flats Jiayuan gets closer to liquidation after buyers shunned parking-space-sized homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company got buzz with the launch of flats as small as 131 sq ft...<\/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-141281","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-AKJ","jetpack-related-posts":[{"id":110248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/","url_meta":{"origin":141281,"position":0},"title":"Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit","date":"August 27, 2019","format":false,"excerpt":"\r The mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than a car park at 128 sq ft \u2013 said the development was profitable even after it cut prices by as much as 38 per cent to as low as HK$1.73 million (US$220,514) per unit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-micro-flats-at-t-plus-in-tuen-mun-slashed-by-38-per-cent-as-developer-looks-to-lure-back-buyers\/","url_meta":{"origin":141281,"position":1},"title":"Prices of micro flats at T-Plus in Tuen Mun slashed by 38 per cent as developer looks to lure back buyers","date":"July 5, 2019","format":false,"excerpt":"\r The developer of a micro flat project in Hong Kong has cut the price of flats that are smaller than a car parking space by 38 per cent, after managing to sell only two units during the initial launch in December.Prices were unveiled on Thursday for 36 flats at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-of-some-of-hong-kongs-smallest-abodes-may-have-sold-at-a-loss-just-to-clear-the-flats-off-its-books-to-avoid-vacancy-tax\/","url_meta":{"origin":141281,"position":2},"title":"Developer of some of Hong Kong\u2019s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax","date":"July 17, 2019","format":false,"excerpt":"\r Mainland property developers that arrived late to Hong Kong are discovering not everything always ends well when it comes to risk taking in the world\u2019s least affordable market for home ownership.Chinese developer Jiayuan International Group appears on track for a slim profit or even a loss in its first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-higher-mortgage-cap-deters-at-least-one-developer-from-building-micro-flats-as-buyers-can-now-afford-larger-homes\/","url_meta":{"origin":141281,"position":3},"title":"Hong Kong\u2019s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes","date":"November 20, 2019","format":false,"excerpt":"\r The boom in Hong Kong\u2019s micro-apartments appears to be over, as the first easing in mortgage entitlements in a decade has helped buyers to afford larger homes, causing at least one developer of shoebox-sized property to quit the market.Micro-apartments, defined as those smaller than 200 square feet (18.6 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-nano-flats-sell-well-with-low-cost-offering-for-young-buyers\/","url_meta":{"origin":141281,"position":4},"title":"Hong Kong nano flats sell well, with low-cost offering for young buyers","date":"September 9, 2017","format":false,"excerpt":"\r The developer of a new housing project offering micro flats in Tuen Mun sold nearly 90 per cent of its units on Saturday as it attracted young buyers through relatively low prices. Of 204 flats at COO Residence, 175 were sold by Saturday night. There were 2,200 prospective buyers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/micro-sized-housing-project-in-sham-shui-po-offers-discounts-and-cheapest-new-hong-kong-homes-since-2016\/","url_meta":{"origin":141281,"position":5},"title":"Micro-sized housing project in Sham Shui Po offers discounts … and cheapest new Hong Kong homes since 2016","date":"February 15, 2019","format":false,"excerpt":"\r Hong Kong\u2019s newest micro-sized housing project has been priced at levels that represent a double-digit percentage discount to similar offerings released only a few months earlier. The offer of cut-price micro flats reflect the eagerness of the developer to adopt an aggressive pricing \u00adstrategy as the residential market continues\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\/141281"}],"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=141281"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/141281\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=141281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=141281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=141281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}