{"id":146560,"date":"2024-08-02T18:00:19","date_gmt":"2024-08-02T11:00:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-july-home-sales-fall-for-the-third-month-as-supply-glut-defies-discount-war\/"},"modified":"2024-08-03T22:26:53","modified_gmt":"2024-08-03T15:26:53","slug":"hong-kongs-july-home-sales-fall-for-the-third-month-as-supply-glut-defies-discount-war","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-july-home-sales-fall-for-the-third-month-as-supply-glut-defies-discount-war\/","title":{"rendered":"Hong Kong\u2019s July home sales fall for the third month as supply glut defies discount war"},"content":{"rendered":"


\nThe data showed how Hong Kong\u2019s blip of buying interest after the scrapping of stamp duties in February has dissipated, as record mortgage rates compounded the down-beat market sentiment.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s July home sales fall for the third month as supply glut defies discount war<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The data showed how Hong Kong\u2019s blip of buying interest after the scrapping of stamp...<\/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-146560","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-C7S","jetpack-related-posts":[{"id":123685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/outlook-dims-on-kai-taks-waterfront-land-as-hong-kongs-northern-metropolis-plan-and-land-conversion-add-to-citys-supply-glut\/","url_meta":{"origin":146560,"position":0},"title":"Outlook dims on Kai Tak\u2019s waterfront land as Hong Kong\u2019s Northern Metropolis plan and land conversion add to city\u2019s supply glut","date":"December 8, 2021","format":false,"excerpt":"\r A distressed sale last week at Hong Kong\u2019s former Kai Tak airport site has clouded the outlook of the city\u2019s property market, as an expected glut of residential land weighs on prices.Five plots of land at Kai Tak, valued together at up to HK$71.3 billion (US$9.15 billion), may fail\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/too-little-too-late-hong-kongs-land-sale-halt-may-do-little-to-ease-office-supply-glut\/","url_meta":{"origin":146560,"position":1},"title":"\u2018Too little, too late\u2019: Hong Kong\u2019s land sale halt may do little to ease office supply glut","date":"February 26, 2025","format":false,"excerpt":"\r The current oversupply \u2013 expected to reach 3 million square feet (278,710 square metres) in the coming months \u2013 would take between seven and 10 years to digest.\r \r Source : South China Morning Post\r Read more...\u2018Too little, too late\u2019: Hong Kong\u2019s land sale halt may do little to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-shun-property-sales-for-the-fourth-weekend-in-a-row-as-they-await-better-deals-amid-a-glut-of-options\/","url_meta":{"origin":146560,"position":2},"title":"Hong Kong\u2019s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options","date":"May 16, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property sales flopped for the fourth straight weekend, as homebuyers turned their backs on unsold projects to wait for better discounts, amid a real estate slump in the city\u2019s worst economic contraction in decades.Wheelock Properties sold 13 flats, or 13 per cent of the 101 units on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-posts-mixed-weekend-sales-results-as-home-buyers-are-spoilt-for-choice-amid-supply-glut-and-easy-financing-options\/","url_meta":{"origin":146560,"position":3},"title":"Hong Kong posts mixed weekend sales results as home buyers are spoilt for choice amid supply glut and easy financing options","date":"August 22, 2020","format":false,"excerpt":"\r Hong Kong\u2019s weekend home sales were mixed as buyers snapped up flats at a relatively new project in Tuen Mun while giving their collective cold shoulder to the double-digit discounts offered at scores of flats left unsold since December in Cheung Sha Wan.Henderson Land Development, the marketing agent for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-launches-prevent-hong-kongs-housing-estates-from-breaking-price-records-as-property-supply-glut-lingers\/","url_meta":{"origin":146560,"position":4},"title":"New launches prevent Hong Kong\u2019s housing estates from breaking price records as property supply glut lingers","date":"August 25, 2021","format":false,"excerpt":"\r Close to 80 housing estates across Hong Kong are still priced below their peaks, even though the city\u2019s overall lived-in home prices recently soared to a new record.Some of the developments have seen units changing hands for less than three quarters of their previous peaks reached two or three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-glut-to-come-under-further-pressure-from-credit-suisse-ubs-merger\/","url_meta":{"origin":146560,"position":5},"title":"Hong Kong\u2019s office glut to come under further pressure from Credit Suisse-UBS merger","date":"March 26, 2023","format":false,"excerpt":"\r With thousands of jobs at risk from Credit Suisse-UBS tie-up and more on the line across the wider financial sector, the outlook for Hong Kong\u2019s office sector looks bleak.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s office glut to come under further pressure from Credit Suisse-UBS\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\/146560"}],"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=146560"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146560\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}