{"id":29349,"date":"2016-10-10T13:49:40","date_gmt":"2016-10-10T06:49:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-twist-hong-kong-property-prices-may-not-fall-this-year\/"},"modified":"2016-10-10T14:54:06","modified_gmt":"2016-10-10T07:54:06","slug":"plot-twist-hong-kong-property-prices-may-not-fall-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-twist-hong-kong-property-prices-may-not-fall-this-year\/","title":{"rendered":"Plot twist: Hong Kong property prices may not fall this year"},"content":{"rendered":"


\nIn fact, prices in the Chinese SAR could rise in 2017
\nTourist tram at the Peak, Hong Kong. ESB Professional\/Shutterstock
\nContrary to expectations,\u00a0Hong Kong home values may\u00a0not head downward in the last months of the year. If anything, they are set for a decent lift\u00a0in 2017, according to some analysts.
\n\u201cThis year, we do not expect prices to fall,\u201d Thomas Lam, head of valuation and consultancy at Knight Frank, told the South China Morning Post last week.
\nThe pronouncement scrubs a previous prediction by the property consultancy\u00a0that sees\u00a0home prices in the Chinese SAR declining by 5 percent to 10 percent for the rest of the 2016. That drop would have occurred on a \u201cgradual downward slope\u201d rather than a precipitous drop though.
\nHome values in the Chinese SAR may even rise next year, according to Macquarie. In a report released last week, the investment bank expects home values to rise by 5 percent\u00a0in 2017,\u00a0with sales volumes growing by 15 percent.
\nMore: Sell Hong Kong real estate stocks if Trump wins, fund manager advises
\nThis shift is happening as Hong Kong is being framed as a safer haven\u00a0than post-Brexit European markets for capital flows. A \u201ccontinuous recovery of Hong Kong property\u201d may be expected in the wake of the British referendum to leave the EU, Macquarie said.
\nHong Kong home prices are also rising due to an uptick in mortgage rate promotions and competitive financing schemes for newly launched property developments.
\nPrices in the Hong Kong market remain among the world\u2019s highest, even for luxury consumers. \u201cMost fundamental indicators still show property prices at historically high levels,\u201d with affordability in terms of price-to-income ratio \u201calready highly stretched,\u201d Moody\u2019s analyst Sherry Zhang told the Post.
\nRead next: This is the reason mainland China buyers converge in Hong Kong
\n
\nSource : property-report.com
\nRead more…Plot twist: Hong Kong property prices may not fall this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In fact, prices in the Chinese SAR could rise in 2017 Tourist tram at the...<\/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-29349","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\/p75ss1-7Dn","jetpack-related-posts":[{"id":23607,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-luxury-market-will-fall-but-how-much\/","url_meta":{"origin":29349,"position":0},"title":"Hong Kong\u2019s luxury market will fall, but how much?","date":"August 22, 2016","format":false,"excerpt":"\r From The Peak to Island South, a gradual downward slope in luxury home prices is to be expected in Hong Kong View from Jardine\u2019s Lookout. Luxury home values slightly declined in the neighbourhood in July, according to Knight Frank. 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Hong Kong investors still favour London","date":"September 14, 2016","format":false,"excerpt":"\r Property developers in the British capital report continued strong interest from Chinese SAR investors Westminster, central London. 1000 Words\/Shutterstock Hong Kong investors are still prioritising London real estate despite post-Brexit anxiety, reports the South China Morning Post. Crest Nicholson London revealed to the post that it closed more transactions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-need-to-worry-hk-minister-tells-land-lessees\/","url_meta":{"origin":29349,"position":3},"title":"No need to worry, HK minister tells land lessees","date":"September 19, 2016","format":false,"excerpt":"\r Leases are not the only things to worry about come 2047\u2026 Protesters occupy the road in Admiralty, Hong Kong in September 2014 at the height of the \u2018Umbrella Revolution.\u2019 coloursinmylife \/ Shutterstock.com A government official has sought to allay developers\u2019 fears that leased lands granted by the British Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-the-hong-kong-mtr-goes-property-boom-follows\/","url_meta":{"origin":29349,"position":4},"title":"Where the Hong Kong MTR goes, property boom follows","date":"October 28, 2016","format":false,"excerpt":"\r Fierce bidding ahead Li Wa\/Shutterstock Two districts in Kowloon, Hong Kong are currently experiencing an uptick in home sales, courtesy of an expanding rapid transit line. Residential capital values in the city\u2019s Whampoa and Ho Man Tin districts have risen 95 percent and 80 percent respectively since the gazetting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-the-reason-mainland-china-buyers-converge-in-hong-kong\/","url_meta":{"origin":29349,"position":5},"title":"This is the reason mainland China buyers converge in Hong Kong","date":"August 11, 2016","format":false,"excerpt":"\r Buyers from the mainland are buying residential land in the Chinese SAR in a big way Central district in Hong Kong. Image credit: IQRemix (Flickr) Fears of a devalued yuan have seen buyers from mainland China pour HKD58 billion (USD7.5 billion) on residential land and office building acquisitions in\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\/29349"}],"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=29349"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}