{"id":96037,"date":"2018-08-15T07:02:02","date_gmt":"2018-08-15T00:02:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-in-hong-kong-at-risk-of-losses-after-paying-high-prices-for-land\/"},"modified":"2018-08-15T08:03:30","modified_gmt":"2018-08-15T01:03:30","slug":"mainland-developers-in-hong-kong-at-risk-of-losses-after-paying-high-prices-for-land","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-in-hong-kong-at-risk-of-losses-after-paying-high-prices-for-land\/","title":{"rendered":"Mainland developers in Hong Kong at risk of losses after paying high prices for land"},"content":{"rendered":"


\nTwo mainland Chinese developers face an expensive lesson for being late.
\nIn the past year, China Evergrande Group and Country Garden paid huge prices for land for residential development in the New Territories. But their Hong Kong counterparts snapped up similar land plots for far less as little as three years ago.
\nNow, as Hong Kong banks begin to raise mortgage rates, potentially dampening demand and home prices, the mainland Chinese companies face the prospect of skimpy profits \u2013 or…
\n
\nSource : South China Morning Post
\nRead more…Mainland developers in Hong Kong at risk of losses after paying high prices for land<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two mainland Chinese developers face an expensive lesson for being late. In the past year,...<\/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-96037","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-oYZ","jetpack-related-posts":[{"id":113889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developers-are-returning-to-hong-kong-land-tenders-as-loss-of-appetite-among-local-rivals-brings-prices-down\/","url_meta":{"origin":96037,"position":0},"title":"Mainland Chinese developers are returning to Hong Kong land tenders as loss of appetite among local rivals brings prices down","date":"January 27, 2020","format":false,"excerpt":"\r More mainland Chinese developers will return to the Hong Kong land market as it becomes easier to outbid their local rivals who are holding back amid the city\u2019s gloomy economic outlook, say industry experts.They have already won three government tenders for sites in the current financial year, without having\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firms-pick-up-assets-on-the-cheap-from-stricken-mainland-chinese-developers\/","url_meta":{"origin":96037,"position":1},"title":"Hong Kong property firms pick up assets on the cheap from stricken mainland Chinese developers","date":"November 30, 2021","format":false,"excerpt":"\r Mid-sized Hong Kong property firms are picking up residential plots at heavily discounted prices from cash-strapped mainland Chinese developers who are speeding up asset sales to repay debt.Far East Consortium International recently snapped up two land parcels, one of which was from the heavily indebted Kaisa Group Holdings.\u201cWe may\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":96037,"position":2},"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":[]},{"id":118377,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mainland-property-developers-drawn-to-greater-bay-area-city-jiangmen-by-promise-of-cheap-land-development-potential\/","url_meta":{"origin":96037,"position":3},"title":"Hong Kong, mainland property developers drawn to Greater Bay Area city Jiangmen by promise of cheap land, development potential","date":"August 26, 2020","format":false,"excerpt":"\r Jiangmen, a city in Guangdong province that is also part of Beijing\u2019s Greater Bay Area development zone, is attracting interest from mainland Chinese as well as Hong Kong-based property developers.Several companies are looking at the city of 4.6 million people that is about two to three hours from Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-to-push-sales-after-record-land-purchases-by-mainland-rivals\/","url_meta":{"origin":96037,"position":4},"title":"Hong Kong developers to push sales after record land purchases by mainland rivals","date":"March 7, 2017","format":false,"excerpt":"\r Hong Kong developers will be the major beneficiary of recent government land sold for shockingly high prices to mainland rivals as they take advantage of positive market sentiment to cash in on the sales upswing. Sales of new homes saw a week-on-week increase of 70 per cent over March\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-face-hard-choices-as-the-fizz-goes-out-of-the-hong-kong-property-boom\/","url_meta":{"origin":96037,"position":5},"title":"Mainland developers face hard choices as the fizz goes out of the Hong Kong property boom","date":"February 20, 2019","format":false,"excerpt":"\r Mainland Chinese developers who arrived late to the Hong Kong real estate party are among the first to suffer the hangover.Property analysts are pointing at developers who bid lavishly two years ago and who now appear to have the least flexibility to lower prices as the property market softens.Esther\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\/96037"}],"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=96037"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96037\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}