{"id":143119,"date":"2024-03-20T21:46:22","date_gmt":"2024-03-20T14:46:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-america-cuts-back-on-office-space-in-hong-kong-amid-impending-new-supply\/"},"modified":"2024-03-20T21:48:33","modified_gmt":"2024-03-20T14:48:33","slug":"bank-of-america-cuts-back-on-office-space-in-hong-kong-amid-impending-new-supply","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-america-cuts-back-on-office-space-in-hong-kong-amid-impending-new-supply\/","title":{"rendered":"Bank of America cuts back on office space in Hong Kong amid impending new supply"},"content":{"rendered":"


\nUS banking giant Bank of America plans to relinquish a big chunk of prime office space in Hong Kong as part of cost-saving measures, delivering a blow to the office segment.
\n
\nSource : South China Morning Post
\nRead more…Bank of America cuts back on office space in Hong Kong amid impending new supply<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US banking giant Bank of America plans to relinquish a big chunk of prime office...<\/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-143119","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-Ben","jetpack-related-posts":[{"id":112881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-flat-sales-in-hong-kong-at-15-year-high-as-developers-offer-deep-discounts-amid-protests-impending-vacancy-tax\/","url_meta":{"origin":143119,"position":0},"title":"New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax","date":"December 5, 2019","format":false,"excerpt":"\r Homebuyers spent HK$214 billion (US$27.3 billion) on more than 20,000 new flats in the first 11 months of the year, the most since 2004, as developers rushed to offload stock because of the impending vacancy tax and uncertain market outlook, according to Ricacorp Properties.The average flat price fell 26.8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/standard-chartered-to-give-up-eight-floors-in-hong-kong-headquarters-amid-work-from-home-arrangements-and-cost-cuts\/","url_meta":{"origin":143119,"position":1},"title":"Standard Chartered to give up eight floors in Hong Kong headquarters amid work from home arrangements and cost cuts","date":"February 5, 2021","format":false,"excerpt":"\r Standard Chartered will not renew the leases for eight floors at its Hong Kong headquarters in Central, according to local media reports, as it adopts work from home arrangements and cuts costs amid the Covid-19 pandemic.The bank, one of the city\u2019s three note-issuing lenders, will also offer for lease\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-rush-to-sell-commercial-property-amid-market-optimism-rate-cuts\/","url_meta":{"origin":143119,"position":2},"title":"Hong Kong landlords rush to sell commercial property amid market optimism, rate cuts","date":"November 11, 2024","format":false,"excerpt":"\r Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.\r \r Source : South China Morning Post\r Read more...Hong Kong landlords rush to sell commercial property amid market optimism, rate cuts","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-office-landlords-grapple-with-irreversible-hybrid-work-trend-amid-high-vacancy-rates-supply-glut\/","url_meta":{"origin":143119,"position":3},"title":"Hong Kong office landlords grapple with \u2018irreversible\u2019 hybrid work trend amid high vacancy rates, supply glut","date":"September 17, 2023","format":false,"excerpt":"\r Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-to-build-larger-flats-as-tiny-homes-lose-appeal-amid-increasing-public-housing-supply\/","url_meta":{"origin":143119,"position":4},"title":"Hong Kong developers to build larger flats as tiny homes lose appeal amid increasing public housing supply","date":"October 31, 2018","format":false,"excerpt":"\r Hong Kong developers are having to rethink their approach to tiny flats, as the strategy of building low-priced homes no bigger than a car park space is being squeezed by the government\u2019s commitment to increase the supply of public housing, according to commercial real estate service provider JLL. During\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-will-fall-by-10-per-cent-in-2024-ubs-says-amid-high-interest-rates-housing-glut\/","url_meta":{"origin":143119,"position":5},"title":"Hong Kong home prices will fall by 10 per cent in 2024, UBS says, amid high interest rates, housing glut","date":"November 16, 2023","format":false,"excerpt":"\r The Swiss investment bank expects home prices to decline by 10 per cent in 2024 as high interest rates dent demand and an abundance of housing stock boosts supply.\r \r Source : South China Morning Post\r Read more...Hong Kong home prices will fall by 10 per cent in 2024,\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\/143119"}],"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=143119"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143119\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}