{"id":172500,"date":"2026-09-04T17:00:11","date_gmt":"2026-09-04T10:00:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bargain-sale-collapsed-deal-reflect-hong-kongs-struggling-retail-property-market\/"},"modified":"2026-09-04T18:51:22","modified_gmt":"2026-09-04T11:51:22","slug":"bargain-sale-collapsed-deal-reflect-hong-kongs-struggling-retail-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bargain-sale-collapsed-deal-reflect-hong-kongs-struggling-retail-property-market\/","title":{"rendered":"Bargain sale, collapsed deal reflect Hong Kong\u2019s struggling retail property market"},"content":{"rendered":"


\nA foreclosure sale in Hong Kong\u2019s Lan Kwai Fong area and a cancelled shop transaction in North Point reflect the impact of weak consumer spending on Hong Kong\u2019s retail property market, which will remain under pressure through the end of the year, according to analysts.
\nThe Lan Kwai Fong property, home of well-known bar Insomnia until it closed in 2024, recently changed hands for 60 per cent less than its value in a 2015 sale. Meanwhile, the deal for the large street shop on King\u2019s Road in North…
\n
\nSource : South China Morning Post
\nRead more…Bargain sale, collapsed deal reflect Hong Kong\u2019s struggling retail property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A foreclosure sale in Hong Kong\u2019s Lan Kwai Fong area and a cancelled shop transaction...<\/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-172500","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-ISg","jetpack-related-posts":[{"id":89878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-hong-kongs-anglican-church-do-with-money-from-sale-of-property-it-buys-some-more\/","url_meta":{"origin":172500,"position":0},"title":"What does Hong Kong\u2019s Anglican church do with money from sale of property? It buys some more","date":"May 30, 2018","format":false,"excerpt":"\r For five decades, an 11-storey building at 5 Glenealy Road in Mid-Levels served as the staff quarters of the Hong Kong Anglican Church, until it was sold in January to CSI Properties for HK$400 million (US$51 million). Now, CSI, which also owns the adjacent Yue Lam Mansion at 3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-aoyuan-hoping-for-us57-3m-profit-on-conversion-of-commercial-kwai-chung-site-into-flats\/","url_meta":{"origin":172500,"position":1},"title":"Mainland developer Aoyuan hoping for US$57.3m profit on conversion of commercial Kwai Chung site into flats","date":"September 4, 2018","format":false,"excerpt":"\r Aoyuan, the acquisitive mainland China developer, is hoping to generate a HK$450 million (US$57.33 million) profit from the sale of residential units being created in a former a 12-storey commercial building in Kwai Chung, in Hong Kong\u2019s New Territories. The company has pencilled in a total target sales price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leading-lights-in-real-estate-dominate-the-china-property-awards-2016\/","url_meta":{"origin":172500,"position":2},"title":"Leading lights in real estate dominate the China Property Awards 2016","date":"December 8, 2016","format":false,"excerpt":"\r The Winners and Highly Commended in China\u2019s premier industry awards have been revealed on 7 December The Winners and Highly Commended in the third China Property Awards 2016 Sino-Ocean Group Holding Limited wins back-to-back Best Developer title Wednesday night\u2019s JW Marriott Hong Kong was home to China\u2019s premier real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-kwai-tsing-container-terminal-site-be-the-next-canary-wharf\/","url_meta":{"origin":172500,"position":3},"title":"Could Kwai Tsing container terminal site be the next Canary Wharf?","date":"August 15, 2017","format":false,"excerpt":"\r The site of Kwai Tsing Container Terminal should be transformed into Hong Kong\u2019s third central business district to meet growing demand for office space from mainland firms, according to property consultant Colliers International. The site should be repurposed for both residential and commercial uses, while the container port itself\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-redevelopment-specialist-reveals-hk15-billion-plan-for-new-business-centre\/","url_meta":{"origin":172500,"position":4},"title":"Hong Kong redevelopment specialist reveals HK$15 billion plan for new business centre","date":"December 13, 2017","format":false,"excerpt":"\r CSI Properties unveiled a plan for an office-retail-hotel project, to be developed as a joint venture with Wing Tai Properties on a recently acquired plot next to SoHo, at an estimated cost of HK$15 billion (US$1.9 billion). \u201cThe site will be connected to IFC Central, arts and design venue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-hong-kong-retail-property-goes-up-for-sale-as-long-term-investors-look-to-cut-their-losses\/","url_meta":{"origin":172500,"position":5},"title":"Prime Hong Kong retail property goes up for sale, as long-term investors look to cut their losses","date":"May 6, 2020","format":false,"excerpt":"\r For the first time in more than a decade, prime commercial real estate is coming on Hong Kong\u2019s market, with an entire building block offered for sale in the world\u2019s most expensive retail district as long-term property investors anticipate a further decline in the city\u2019s commercial property sector.Hong Kong\u2019s\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\/172500"}],"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=172500"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172500\/revisions"}],"predecessor-version":[{"id":172501,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172500\/revisions\/172501"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}