{"id":98682,"date":"2018-09-27T21:41:55","date_gmt":"2018-09-27T14:41:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-slash-prices-by-up-to-16-per-cent-as-fear-grips-hong-kong-in-wake-of-prime-rate-hike\/"},"modified":"2018-09-27T22:03:44","modified_gmt":"2018-09-27T15:03:44","slug":"homeowners-slash-prices-by-up-to-16-per-cent-as-fear-grips-hong-kong-in-wake-of-prime-rate-hike","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-slash-prices-by-up-to-16-per-cent-as-fear-grips-hong-kong-in-wake-of-prime-rate-hike\/","title":{"rendered":"Homeowners slash prices by up to 16 per cent as \u2018fear\u2019 grips Hong Kong in wake of prime rate hike"},"content":{"rendered":"


\nFears of a drop in home prices are growing in the world\u2019s least affordable housing market as at least five homes were unloaded at discounts of up to 16 per cent on Thursday, following higher mortgage lending rates unveiled by 11 local banks.
\nIn anticipation of higher prime lending rates, more than 10 local homeowners reduced their asking prices by at least HK$1 million (US$127,951) in the last few days.
\nOne 735 square foot flat at the Metro City development in Tseung Kwan O was sold for…
\n
\nSource : South China Morning Post
\nRead more…Homeowners slash prices by up to 16 per cent as \u2018fear\u2019 grips Hong Kong in wake of prime rate hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fears of a drop in home prices are growing in the world\u2019s least affordable housing...<\/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-98682","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-pFE","jetpack-related-posts":[{"id":116497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/","url_meta":{"origin":98682,"position":0},"title":"Which mortgage rate will be a lifesaver for Hong Kong homeowners?","date":"May 19, 2020","format":false,"excerpt":"\r \u00a0The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years, with rates fixed at 2.55 per cent, 2.65 per cent and 2.75 per cent, respectively.\r\rThe maximum loan amount caps at HK$10 million (US$1.3 million). At the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103737,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-used-homes-in-hong-kong-gain-momentum-as-owners-slash-prices\/","url_meta":{"origin":98682,"position":1},"title":"Sales of used homes in Hong Kong gain momentum as owners slash prices","date":"February 7, 2019","format":false,"excerpt":"\r Sales of used homes on big housing estates in Hong Kong gained momentum last week as homeowners offered greater discounts and investment banks forecast house prices would hit a nadir in March. The number of transactions at 50 major housing estates, tracked by Ricacorp Properties, stayed above 100 for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138576,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homeowners-slash-prices-as-they-race-to-sell-before-property-values-fall-further\/","url_meta":{"origin":98682,"position":2},"title":"Hong Kong homeowners slash prices as they race to sell before property values fall further","date":"August 1, 2023","format":false,"excerpt":"\r The city\u2019s homeowners, under pressure from rising interest rates and a supply glut, are offering steep discounts as they race to offload their properties quickly before the market falls further.\r \r Source : South China Morning Post\r Read more...Hong Kong homeowners slash prices as they race to sell before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/explainer-what-hong-kongs-interest-rate-increase-means-for-hibor-prime-and-mortgages\/","url_meta":{"origin":98682,"position":3},"title":"Explainer: What Hong Kong\u2019s interest rate increase means for Hibor, prime and mortgages","date":"December 14, 2017","format":false,"excerpt":"\r Hong Kong Monetary Authority (HKMA), the city\u2019s de facto central bank, today raised its base lending rate for the third time this year following a similar move by the US Federal Reserve, increasing it by 25 basis points to 1.75 per cent. What is the base lending rate? It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-desperate-homeowners-slash-prices-by-20-per-cent-after-unprecedented-violence-on-national-day\/","url_meta":{"origin":98682,"position":4},"title":"Hong Kong\u2019s desperate homeowners slash prices by 20 per cent after unprecedented violence on National Day","date":"October 3, 2019","format":false,"excerpt":"\r There are signs of further softening in Hong Kong\u2019s property market. Homeowners are slashing prices by more than 20 per cent as buyers are reluctant to commit to big purchases and banks reduce the valuation of properties amid increasingly violent protests.On Tuesday, an 18-year-old student was shot by police\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-co-living-operators-slash-prices-by-up-to-half-as-people-observe-covid-19-social-distancing-guidelines\/","url_meta":{"origin":98682,"position":5},"title":"Hong Kong\u2019s co-living operators slash prices by up to half as people observe Covid-19 social-distancing guidelines","date":"March 31, 2020","format":false,"excerpt":"\r Operators of shared living spaces in Hong Kong have slashed their monthly rates by as much as 50 per cent as they navigate a new normal of social distancing and people avoiding large crowds amid the Covid-19 pandemic.\u201cWe offer 30 to 50 per cent discounts for our units 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\/98682"}],"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=98682"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98682\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=98682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=98682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=98682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}