{"id":172864,"date":"2026-10-30T12:00:08","date_gmt":"2026-10-30T05:00:08","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-face-growing-pile-of-repossessed-homes-as-sales-slow\/"},"modified":"2026-10-31T12:08:28","modified_gmt":"2026-10-31T05:08:28","slug":"hong-kong-banks-face-growing-pile-of-repossessed-homes-as-sales-slow","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-face-growing-pile-of-repossessed-homes-as-sales-slow\/","title":{"rendered":"Hong Kong banks face growing pile of repossessed homes as sales slow"},"content":{"rendered":"


\nHong Kong banks are facing a growing backlog of repossessed homes as aggressive pricing by developers draws buyers towards new projects, leaving fewer buyers for second-hand properties being sold by mortgagees.
\nThe number of residential properties listed for sale by mortgagees rose 30 per cent in the third quarter to sit at 262 at the end of September, a four-quarter high, according to Centaline Property.
\nThe increase of 61 properties was the largest since records began in the fourth quarter of…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong banks face growing pile of repossessed homes as sales slow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong banks are facing a growing backlog of repossessed homes as aggressive pricing by...<\/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-172864","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-IY8","jetpack-related-posts":[{"id":100961,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-latest-sign-hong-kong-is-shifting-to-a-buyers-market-auctioneers-having-trouble-selling-foreclosed-homes\/","url_meta":{"origin":172864,"position":0},"title":"In latest sign Hong Kong is shifting to a buyer\u2019s market, auctioneers having trouble selling foreclosed homes","date":"November 6, 2018","format":false,"excerpt":"\r It\u2019s not just developers that are having trouble selling flats in Hong Kong. Now auctioneers are struggling to get high enough bids to clear out foreclosed homes. A year ago, property prices were soaring, and auctioneers routinely saw new or used homes that had been repossessed by banks receive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-sales-slumped-46-5-to-55-3m-in-2018\/","url_meta":{"origin":172864,"position":1},"title":"Auction sales slumped 46.5% to $55.3m in 2018","date":"March 7, 2019","format":false,"excerpt":"\r Despite this, buyers are more discerning and cautious after the cooling measures, and they will likely seek auctions for good buys in the market, said an analyst. The overall value of properties successfully auctioned off in Singapore sharply declined by 46.5 percent year-on-year to $55.3 million in 2018, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-ordinary-buyers-eye-foreclosed-homes-at-heavy-discounts-as-investors-retreat-from-market\/","url_meta":{"origin":172864,"position":2},"title":"China property: ordinary buyers eye foreclosed homes at heavy discounts as investors retreat from market","date":"December 31, 2023","format":false,"excerpt":"\r A growing number of ordinary homebuyers looking to occupy their house rather than invest are looking at properties that have been repossessed by banks as a supply surge brings prices even lower.\r \r Source : South China Morning Post\r Read more...China property: ordinary buyers eye foreclosed homes at heavy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117304,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-cut-prices-on-foreclosed-properties-in-hong-kong-as-buyers-turn-cautious-amid-distress-market-correction\/","url_meta":{"origin":172864,"position":3},"title":"Banks cut prices on foreclosed properties in Hong Kong as buyers turn cautious amid distress, market correction","date":"June 24, 2020","format":false,"excerpt":"\r Banks are being forced to reduce prices on foreclosed properties to recoup their loans, as buyers in Hong Kong become increasingly cautious about the economic outlook and a deeper market correction.About one-third of 98 foreclosed properties on the market have had their prices trimmed in June, according to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-to-flood-market-with-more-than-9000-homes-in-second-quarter-amid-improving-sentiment\/","url_meta":{"origin":172864,"position":4},"title":"Hong Kong developers to flood market with more than 9,000 homes in second quarter amid improving sentiment","date":"April 4, 2019","format":false,"excerpt":"\r Hong Kong developers are likely to flood the market with more than 9,000 homes \u2013 nearly half the government\u2019s annual target \u2013 as they look to cash in on the rising prices. But analysts say increases could be dampened as builders woo buyers with hefty discounts.Derek Chan, head of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-survivor-in-a-long-winter-tops-hong-kong-property-sales-with-30-of-homes-sold-in-2023\/","url_meta":{"origin":172864,"position":5},"title":"Sun Hung Kai Properties, \u2018survivor in a long winter\u2019, tops Hong Kong property sales with 30% of homes sold in 2023","date":"January 3, 2024","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) topped the city\u2019s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world\u2019s most expensive property markets.\r \r Source : South China Morning Post\r Read more...Sun Hung Kai Properties, \u2018survivor in a\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\/172864"}],"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=172864"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172864\/revisions"}],"predecessor-version":[{"id":172865,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172864\/revisions\/172865"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}