{"id":78943,"date":"2018-02-05T13:15:45","date_gmt":"2018-02-05T06:15:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-the-worlds-priciest-city-even-the-securities-regulator-finds-itself-priced-out-of-prime-office-space\/"},"modified":"2018-02-05T14:03:04","modified_gmt":"2018-02-05T07:03:04","slug":"in-the-worlds-priciest-city-even-the-securities-regulator-finds-itself-priced-out-of-prime-office-space","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-the-worlds-priciest-city-even-the-securities-regulator-finds-itself-priced-out-of-prime-office-space\/","title":{"rendered":"In the world\u2019s priciest city, even the securities regulator finds itself priced out of prime office space"},"content":{"rendered":"<p>&#013;<br \/>\nIn the world\u2019s most expensive city, even the financial industry overseer needs to put up cash, or be priced out of prime office space.\u00a0<\/p>\n<p>That is what\u2019s happening to Hong Kong\u2019s Securities and Futures Commission (SFC), as it finds its HK$3 billion (US$383.5 million) budget insufficient for even half of the asking price of a top-tier, Grade A prime office in the city centre.<\/p>\n<p>The SFC, which has been renting space at the Cheung Kong Centre since 2013, is due to relocate&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/business\/banking-finance\/article\/2132037\/worlds-priciest-city-even-securities-regulator-finds-itself\" target=\"_blank\">In the world\u2019s priciest city, even the securities regulator finds itself priced out of prime office space<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; In the world\u2019s most expensive city, even the financial industry overseer needs to put up&#46;&#46;&#46;<\/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-78943","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-kxh","jetpack-related-posts":[{"id":103929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sfc-throws-in-the-towel-on-central-rents-signs-on-for-new-office-space-at-one-island-east\/","url_meta":{"origin":78943,"position":0},"title":"Hong Kong\u2019s SFC throws in the towel on Central rents, signs on for new office space at One Island East","date":"February 13, 2019","format":false,"excerpt":"\r The Securities and Futures Commission (SFC) plans to move out of its Central office to save on rental costs as it forecasts a deficit of HK$230 million (US$29.3 million) for the year ahead. The city\u2019s securities regulator has taken out an eight-year lease in Swire Properties\u2019 One Island East\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48009,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-probing-overseas-property-scams-that-cost-buyers-hk500m-in-losses\/","url_meta":{"origin":78943,"position":1},"title":"Hong Kong probing overseas property scams that cost buyers HK$500m in losses","date":"March 14, 2017","format":false,"excerpt":"\r Hong Kong police and the securities regulator are looking into overseas property projects that have gone into default, costing investors as much as HK$500 million in losses, according to a Hong Kong lawmaker. Legislative Council member James To Kun-sun, who has been receiving complaints concerning overseas real estate investments,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsing-yis-hk3-2-million-estate-flat-sets-record-as-hong-kongs-housing-market-fever-persists\/","url_meta":{"origin":78943,"position":2},"title":"Tsing Yi\u2019s HK$3.2 million estate flat sets record as Hong Kong\u2019s housing market fever persists","date":"July 12, 2018","format":false,"excerpt":"\r Hong Kong\u2019s first-time homebuyers, priced out of prime locations in the world\u2019s priciest residential market, are casting their eyes to the city\u2019s public housing estates in blue-collar neighbourhoods, driving up the prices of subsidised homes which were previously reserved for low-income households. A 30-year-old studio unit measuring 150 square\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-blight-of-nano-flats-will-withstand-minimum-size-rule-as-affordability-remains-the-top-barrier-in-the-worlds-priciest-city\/","url_meta":{"origin":78943,"position":3},"title":"Hong Kong\u2019s blight of nano flats will withstand minimum-size rule as affordability remains the top barrier in the world\u2019s priciest city","date":"December 31, 2021","format":false,"excerpt":"\r Hong Kong\u2019s notoriously tiny flats are likely to endure and withstand the minimum size ordered by the city authorities, as affordability remains the biggest challenge for many first-home buyers struggling to get on the first rung of the property ladder.The 280-square feet (26 square metres) minimum stipulated this week\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70886,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-prime-property-calculator\/","url_meta":{"origin":78943,"position":4},"title":"Global prime property calculator","date":"November 3, 2017","format":false,"excerpt":"\r How much prime residential property could you buy in the world\u2019s priciest cities?\r \r Source : ft.com\r Read more...Global prime property calculator","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","url_meta":{"origin":78943,"position":5},"title":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests","date":"September 7, 2020","format":false,"excerpt":"\r Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78943"}],"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=78943"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78943\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}