{"id":155007,"date":"2025-06-01T10:00:22","date_gmt":"2025-06-01T03:00:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-investors-face-the-heat-in-sinking-property-market\/"},"modified":"2025-06-01T10:08:51","modified_gmt":"2025-06-01T03:08:51","slug":"hong-kongs-veteran-investors-face-the-heat-in-sinking-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-investors-face-the-heat-in-sinking-property-market\/","title":{"rendered":"Hong Kong\u2019s veteran investors face the heat in sinking property market"},"content":{"rendered":"


\nHong Kong\u2019s commercial market declines have left some of the city\u2019s once-prosperous veteran investors struggling financially, with experts expecting distressed sales to continue amid plunging property valuations.
\nIn April, receivers took over the luxury detached mansion in Pok Fu Lam where \u201cCassette King\u201d David Chan Ping-chi and his family had lived since the 1980s, marketing it for HK$430 million (US$54.8 million) last week. Chan, who defaulted on a loan of about HK$350 million from Fubon Bank…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s veteran investors face the heat in sinking property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s commercial market declines have left some of the city\u2019s once-prosperous veteran investors struggling...<\/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-155007","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-Ek7","jetpack-related-posts":[{"id":118611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-veteran-property-investors-head-for-the-exit-amid-fears-of-a-deep-and-prolonged-correction-in-prices\/","url_meta":{"origin":155007,"position":0},"title":"Hong Kong\u2019s veteran property investors head for the exit amid fears of a deep and prolonged correction in prices","date":"September 15, 2020","format":false,"excerpt":"\r Veteran investors in Hong Kong property, anticipating a deeper correction in prices amid dwindling buying activity, the coronavirus pandemic and worsening US-China relations, are rapidly cashing out of their holdings.Albert Wong Kam-hong, the former deputy chairman of real estate company Midland Holdings, for instance, sold his adjoining flats in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-cassette-king-offers-to-sell-luxury-property-to-pare-debt\/","url_meta":{"origin":155007,"position":1},"title":"Hong Kong\u2019s \u2018Cassette King\u2019 offers to sell luxury property to pare debt","date":"September 3, 2025","format":false,"excerpt":"\r One of Hong Kong\u2019s best-known real estate investors has put another luxury home up for sale at a discount, as the city\u2019s property glut and elevated interest rates weigh on highly leveraged entrepreneurs. David Chan Ping-chi, dubbed the \u201cCassette King\u201d for his fortunes made from producing audiovisual cassettes and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/veteran-investors-are-snapping-up-hong-kong-retail-property-assets-in-sign-market-slump-is-ending-colliers-says\/","url_meta":{"origin":155007,"position":2},"title":"Veteran investors are snapping up Hong Kong retail property assets in sign market slump is ending, Colliers says","date":"November 24, 2021","format":false,"excerpt":"\r Hong Kong\u2019s retail property assets are attracting a slew of domestic individual buyers, suggesting the year-long market fallout induced by the Covid-19 pandemic and recession may be bottoming out, according to industry experts.Local investors accounted for all of the 15 retail transactions last quarter, according to Colliers International, based\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-commercial-property-investors-expect-relaxed-mortgage-rules-to-kick-start-buying-activity\/","url_meta":{"origin":155007,"position":3},"title":"Hong Kong\u2019s commercial property investors expect relaxed mortgage rules to kick start buying activity","date":"August 26, 2020","format":false,"excerpt":"\r Activity in Hong Kong\u2019s commercial market is likely to gain momentum as investors expect the government to further loosen industry curbs, after the city\u2019s de facto central bank eased mortgage lending rules for non-residential real estate for the first time in more than a decade, according to market observers.Bridgeway\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-hong-kongs-luxury-homes-slips-as-trade-war-threat-of-extradition-bill-rattle-wealthy-investors\/","url_meta":{"origin":155007,"position":4},"title":"Demand for Hong Kong\u2019s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors","date":"July 16, 2019","format":false,"excerpt":"\r The double whammy of the US-China trade war and the threat of a controversial extradition bill that led to weeks of mass rallies in Hong Kong has hit demand for the city\u2019s ultra-luxury homes, new figures show.Property consultancy Savills said enquiries about homes priced between HK$40,000 (US$5,111) and HK$100,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1000-apartments-hit-the-hk-market-in-only-one-day\/","url_meta":{"origin":155007,"position":5},"title":"1,000 apartments hit the HK market in only one day","date":"September 5, 2016","format":false,"excerpt":"\r Is the Hong Kong market regaining strength? Aerial view of the construction site at the old Hong Kong Kai Tak airport where new public housing and entertainment centers will be built by 2021. Ronnie Chua \/ Shutterstock More than a thousand new apartments went on the market in Hong\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\/155007"}],"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=155007"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/155007\/revisions"}],"predecessor-version":[{"id":155008,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/155007\/revisions\/155008"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=155007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=155007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=155007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}