{"id":148622,"date":"2025-01-01T08:37:45","date_gmt":"2025-01-01T01:37:45","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-rich-and-famous-lose-billions-as-they-succumb-to-slumping-home-values\/"},"modified":"2025-01-01T09:10:10","modified_gmt":"2025-01-01T02:10:10","slug":"hong-kong-property-rich-and-famous-lose-billions-as-they-succumb-to-slumping-home-values","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-rich-and-famous-lose-billions-as-they-succumb-to-slumping-home-values\/","title":{"rendered":"Hong Kong property: rich and famous lose billions as they succumb to slumping home values"},"content":{"rendered":"


\nTycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices at significant losses, reflecting the broader market slump.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property: rich and famous lose billions as they succumb to slumping home values<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices...<\/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-148622","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-CF8","jetpack-related-posts":[{"id":126677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-hong-kong-hotels-sell-for-us295-million-as-cash-rich-investors-bet-on-hospitality-sector-rebound-once-borders-reopen\/","url_meta":{"origin":148622,"position":0},"title":"Two Hong Kong hotels sell for US$295 million, as cash-rich investors bet on hospitality sector rebound once borders reopen","date":"May 12, 2022","format":false,"excerpt":"\r Two hotels changed hands in deals worth more than HK$2.3 billion (US$295 million) in Hong Kong on Wednesday, as cash-rich investors swooped in to pick up assets from the city\u2019s slumping hospitality industry, betting on the sector improving once the city\u2019s borders have been reopened.\r \r Source : South\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-cuts-rates-on-fixed-mortgages-in-hong-kong-amid-slumping-sales\/","url_meta":{"origin":148622,"position":1},"title":"HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales","date":"February 13, 2025","format":false,"excerpt":"\r Other banks may follow with similar cuts to ease financing costs and help revive home sales.\r \r Source : South China Morning Post\r Read more...HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lush-known-for-its-handmade-soaps-and-shampoos-shuts-five-storey-shop-in-further-blow-to-hong-kong-retail-property-sector\/","url_meta":{"origin":148622,"position":2},"title":"Lush, known for its handmade soaps and shampoos, shuts five-storey shop in further blow to Hong Kong retail property sector","date":"July 7, 2020","format":false,"excerpt":"\r British beauty retailer Lush has shut its five-storey shop in Hong Kong\u2019s Central district, becoming the latest global company to succumb to a coronavirus-induced economic slowdown and, in turn, piling pressure on the city\u2019s souring retail property sector.The company, which is famous for its fresh handmade soaps, masks and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-enter-the-market-as-developers-dangle-discounts-to-end-nine-weeks-of-slumping-property-sales\/","url_meta":{"origin":148622,"position":3},"title":"Hong Kong homebuyers enter the market, as developers dangle discounts to end nine weeks of slumping property sales","date":"May 23, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers came off the sidelines to nibble at more than 200 flats offered at two projects, as developers slashed prices to end nine consecutive weeks of sales flops.Sun Hung Kai Properties (SHKP), the city\u2019s most valuable developer, managed to sell 162 of 200 flats, or 80 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/step-into-the-ultimate-hong-kong-retreats-for-the-rich-and-famous\/","url_meta":{"origin":148622,"position":4},"title":"Step into the ultimate Hong Kong retreats for the rich and famous","date":"March 24, 2017","format":false,"excerpt":"\r A sure-fire way to leave the real world behind for a bit is to cloister oneself in a bubble of decadence that is the usual domain of the rich and famous. What would be out of the question for most on a daily basis might just be attainable for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-clothing-retailer-gap-to-close-some-hong-kong-stores-after-sales-sink-due-to-coronavirus-induced-slowdown\/","url_meta":{"origin":148622,"position":5},"title":"US clothing retailer Gap to close some Hong Kong stores after sales sink due to coronavirus-induced slowdown","date":"July 2, 2020","format":false,"excerpt":"\r US clothing and accessories retailer Gap Inc will close two out of its eight stores in Hong Kong, becoming the latest international brand in Hong Kong to succumb to the coronavirus-induced economic slowdown, the Post has learned.An employee at the Gap store in Hysan Place said that the retailer\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\/148622"}],"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=148622"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148622\/revisions"}],"predecessor-version":[{"id":148623,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148622\/revisions\/148623"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=148622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=148622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=148622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}