{"id":52929,"date":"2017-04-26T06:02:38","date_gmt":"2017-04-25T23:02:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fat-cats-scramble-for-hong-kong-property-as-new-law-exposes-their-wealth\/"},"modified":"2017-04-26T06:10:15","modified_gmt":"2017-04-25T23:10:15","slug":"fat-cats-scramble-for-hong-kong-property-as-new-law-exposes-their-wealth","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fat-cats-scramble-for-hong-kong-property-as-new-law-exposes-their-wealth\/","title":{"rendered":"Fat cats scramble for Hong Kong property as new law exposes their wealth"},"content":{"rendered":"


\nThanks to a new law, Hong Kong\u2019s property prices are unlikely to come down.
\nIt is called the Common Reporting Standard (CRS). Behind the benign name is a nerve-racking mechanism that threatens to expose the wealth of the fat cats.
\nFaced with this almost existential crisis, houses are where they seek to hide their riches.
\nTo understand their fear, let\u2019s start with the basics.
\nImagine yourself as a senior government official or a successful entrepreneur who has accumulated a…
\n
\nSource : South China Morning Post
\nRead more…Fat cats scramble for Hong Kong property as new law exposes their wealth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Thanks to a new law, Hong Kong\u2019s property prices are unlikely to come down. It...<\/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-52929","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-dLH","jetpack-related-posts":[{"id":45990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-holds-worlds-third-largest-concentration-of-individual-wealth-says-knight-frank\/","url_meta":{"origin":52929,"position":0},"title":"Hong Kong holds world\u2019s third largest concentration of individual wealth, says Knight Frank","date":"March 1, 2017","format":false,"excerpt":"\r Hong Kong has the world\u2019s third largest concentration of wealth, and is the third most-popular place to buy property and live, for ultra-wealthy individuals, says a new report from Knight Frank . The company\u2019s \u201cWealth Report\u201d, published now for 10 years, has re-evaluated its criteria, and created its own\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171124,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-could-gain-as-middle-east-turmoil-reshapes-global-wealth-flows\/","url_meta":{"origin":52929,"position":1},"title":"Hong Kong property could gain as Middle East turmoil reshapes global wealth flows","date":"March 11, 2026","format":false,"excerpt":"\r Escalating tensions in the Middle East could redirect global wealth flows and support demand for Hong Kong property, as investors seek stable financial hubs amid rising geopolitical uncertainty, analysts say. The shift comes as global wealth migration increasingly reshapes luxury property markets from Sydney to Dubai and Hong Kong.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-still-among-the-worlds-top-wealth-hubs-according-to-knight-frank-report\/","url_meta":{"origin":52929,"position":2},"title":"Hong Kong still among the world\u2019s top wealth hubs, according to Knight Frank report","date":"March 5, 2025","format":false,"excerpt":"\r There were an estimated 42,715 high-net-worth individuals in Hong Kong last year, making up around 0.6 per cent of the city\u2019s population.\r \r Source : South China Morning Post\r Read more...Hong Kong still among the world\u2019s top wealth hubs, according to Knight Frank report","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-fintech-firm-icapital-doubles-prime-office-space-in-hong-kong-amid-wealth-boom\/","url_meta":{"origin":52929,"position":3},"title":"US fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom","date":"June 10, 2026","format":false,"excerpt":"\r Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city\u2019s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chow-yun-fat-slashes-price-of-luxury-hong-kong-property-by-14-as-market-slumps\/","url_meta":{"origin":52929,"position":4},"title":"Chow Yun-fat slashes price of luxury Hong Kong property by 14% as market slumps","date":"December 9, 2024","format":false,"excerpt":"\r Cutting the price of his home on The Peak, the film star joins other celebrities and tycoons selling high-end homes at a discount.\r \r Source : South China Morning Post\r Read more...Chow Yun-fat slashes price of luxury Hong Kong property by 14% as market slumps","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-distressed-developer-loses-us58-million-in-12-days-in-u-turn-on-kai-tak-land-deal-amid-scramble-with-hostile-creditors\/","url_meta":{"origin":52929,"position":5},"title":"Hong Kong distressed developer loses US$58 million in 12 days in U-turn on Kai Tak land deal amid scramble with hostile creditors","date":"July 29, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong developer Goldin Financial Holdings said it had found a new buyer for its waterfront residential plot in Kai Tak, less than two weeks after agreeing to sell the property to an offshore buyer. The change of mind comes with an immediate loss of HK$450 million (US$58\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\/52929"}],"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=52929"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}