{"id":95063,"date":"2018-07-31T08:44:20","date_gmt":"2018-07-31T01:44:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-luxury-homes-in-new-territories-expected-to-dip-as-developers-rush-to-offload-stock\/"},"modified":"2018-07-31T09:03:14","modified_gmt":"2018-07-31T02:03:14","slug":"prices-of-luxury-homes-in-new-territories-expected-to-dip-as-developers-rush-to-offload-stock","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-luxury-homes-in-new-territories-expected-to-dip-as-developers-rush-to-offload-stock\/","title":{"rendered":"Prices of luxury homes in New Territories expected to dip as developers rush to offload stock"},"content":{"rendered":"


\nAbout 1,500 luxury homes will come onto the Hong Kong market in the next couple of years as developers race to avoid a new tax on empty properties, JLL estimates.
\nAnalysts are expecting the price of top-end units, particularly those in the city\u2019s New Territories, to go down as a result.
\n\u201cDevelopers have to put their precious long-saved luxury projects on the market in order to avoid the tax. The old practice of holding on and waiting for deep-pocketed buyers to pay higher prices is…
\n
\nSource : South China Morning Post
\nRead more…Prices of luxury homes in New Territories expected to dip as developers rush to offload stock<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

About 1,500 luxury homes will come onto the Hong Kong market in the next couple...<\/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-95063","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-oJh","jetpack-related-posts":[{"id":91956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-sell-empty-flats-ahead-of-new-vacancy-tax\/","url_meta":{"origin":95063,"position":0},"title":"Hong Kong developers rush to sell empty flats ahead of new vacancy tax","date":"June 20, 2018","format":false,"excerpt":"\r Property developers are rushing to offload vacant flats before the government unveils details of a new tax on empty units this month. Having stood unoccupied for the last five years, New World Development said it will release the last 38 homes in phase one of its Park Villa project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-flood-market-with-800-new-flats-in-hong-kongs-biggest-two-day-property-sale-in-years\/","url_meta":{"origin":95063,"position":1},"title":"Developers to flood market with 800 new flats in Hong Kong\u2019s biggest two-day property sale in years","date":"October 23, 2018","format":false,"excerpt":"\r More than 800 homes at three projects in Hong Kong\u2019s New Territories will go on sale on Thursday and Friday in a rare move that will flood the market with flats targeting first-time homebuyers. The release of 817 units by three different builders will mark one of the biggest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-unlikely-to-increase-prices-of-new-flats-as-they-try-to-offload-8500-unsold-units-centaline-says\/","url_meta":{"origin":95063,"position":2},"title":"Hong Kong developers unlikely to increase prices of new flats as they try to offload 8,500 unsold units, Centaline says","date":"July 24, 2019","format":false,"excerpt":"\r Hong Kong builders will probably leave their prices virtually unchanged in the second half of the year, having accumulated close to 8,500 unsold units since 2016, according to Centaline Property Agency.The developers may be keener than they have been in the past to offload the stock because of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/easing-property-curbs-gives-singapore-developers-new-headache\/","url_meta":{"origin":95063,"position":3},"title":"Easing property curbs gives Singapore developers new headache","date":"April 3, 2017","format":false,"excerpt":"\r Singapore\u2019s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems. After regulators closed a tax loophole that allowed developers to offload apartments in bulk to institutional investors and wealthy Singaporeans, many of the city state\u2019s builders now face\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-developers-ready-luxury-projects-amid-expectations-of-high-demand-following-china-border-reopening\/","url_meta":{"origin":95063,"position":4},"title":"Hong Kong property developers ready luxury projects amid expectations of high demand following China border reopening","date":"November 17, 2021","format":false,"excerpt":"\r Hong Kong property developers are looking to release more expensive homes in the city\u2019s The Peak and New Territories districts in anticipation of the reopening of the border with mainland China.Wheelock Properties, for instance, expects to start taking reservations for private visits to four penthouses at Mount Nicholson, Asia\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices\/","url_meta":{"origin":95063,"position":5},"title":"Hong Kong\u2019s glut of unsold flats could put more pressure on prices","date":"February 12, 2019","format":false,"excerpt":"\r Hong Kong home builders could face greater pressure to slash \u00adprices as the number of completed but unsold new flats they held increased at the end of last year. Analysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from\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\/95063"}],"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=95063"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95063\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}