{"id":99198,"date":"2018-10-05T18:48:05","date_gmt":"2018-10-05T11:48:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-cuts-price-of-new-flats-as-hong-kongs-property-market-sours-further\/"},"modified":"2018-10-05T19:03:11","modified_gmt":"2018-10-05T12:03:11","slug":"nan-fung-cuts-price-of-new-flats-as-hong-kongs-property-market-sours-further","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-cuts-price-of-new-flats-as-hong-kongs-property-market-sours-further\/","title":{"rendered":"Nan Fung cuts price of new flats as Hong Kong\u2019s property market sours further"},"content":{"rendered":"


\nA second developer has lowered the asking price of brand new flats in Hong Kong as a toxic combination of rising interest rates, a struggling stock market and the fallout from the US-China trade war dampen demand in the world\u2019s most expensive property market.
\nNan Fung Development has priced the latest batch of 242 units at its LP6 development in Lohas Park, Tseung Kwan O, at an average of HK$16,006 per square foot after factoring in a discount of 19.5 per cent.
\nThat is 1.7 per cent lower…
\n
\nSource : South China Morning Post
\nRead more…Nan Fung cuts price of new flats as Hong Kong\u2019s property market sours further<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A second developer has lowered the asking price of brand new flats in Hong Kong...<\/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-99198","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-pNY","jetpack-related-posts":[{"id":96587,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-prices-new-flats-below-market-rate-as-cooling-measures-threaten-hong-kongs-property-rally\/","url_meta":{"origin":99198,"position":0},"title":"Nan Fung prices new flats below market rate as cooling measures threaten Hong Kong\u2019s property rally","date":"August 24, 2018","format":false,"excerpt":"\r Nan Fung Development has become the second Hong Kong developer to sell new homes below market price as the property market in the world\u2019s least affordable city starts to feel the effects of rising interest rates, cooling measures and a slowing Chinese economy. Housing policies announced by the city\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-nan-fung-development-prices-island-garden-units-at-market-rate\/","url_meta":{"origin":99198,"position":1},"title":"Hong Kong\u2019s Nan Fung Development prices Island Garden units at market rate","date":"September 27, 2016","format":false,"excerpt":"\r Hong Kong developers are adopting firmer pricing strategies after new project launches have generated overwhelming buyer response, with Nan Fung Development offering units in Shau Kei Wan at a similar price as a nearby project released last month. On Tuesday Nan Fung released prices for the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-buyers-return-in-droves-helping-nan-fung-and-sino-land-sell-three-of-four-flats-in-lohas-park-and-ma-on-shan\/","url_meta":{"origin":99198,"position":2},"title":"Hong Kong\u2019s home buyers return in droves, helping Nan Fung and Sino Land sell three of four flats in Lohas Park and Ma On Shan","date":"January 30, 2021","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers snapped up 206 new flats, or three of every four units put on the market on Saturday in one of the city\u2019s biggest sales launches, as they sought to park their money in fixed assets amid low interest rates.Nan Fung Group and MTR Corporation sold 173\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-flop-as-market-rout-higher-mortgages-deter-residential-property-buyers\/","url_meta":{"origin":99198,"position":3},"title":"Hong Kong\u2019s home sales flop as market rout, higher mortgages deter residential property buyers","date":"October 13, 2018","format":false,"excerpt":"\r Sales of newly completed flats flopped for a second consecutive weekend in Hong Kong, as a stock market rout, rising mortgages and the worsening US-China trade war deterred buyers from two newly completed apartment projects in the city. Nan Fung managed to sell only 100 units, or 20 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-developers-score-a-hat-trick-with-citys-biggest-home-sales-weekend-this-year-as-stock-market-boom-lifts-sentiments\/","url_meta":{"origin":99198,"position":4},"title":"Hong Kong\u2019s developers score a hat trick with city\u2019s biggest home sales weekend this year, as stock market boom lifts sentiments","date":"February 6, 2021","format":false,"excerpt":"\r Hong Kong\u2019s subway operator MTR and its real estate partner Nan Fung Group scored a hat trick over the weekend when homebuyers snapped up the third batch of their LP10 flats in Tseung Kwan O, kicking off one of the city\u2019s biggest property sales weekends this year.MTR and Nan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-snap-up-flats-at-shkps-cullinan-west-ii-in-hong-kongs-biggest-weekend-property-sale-in-six-months\/","url_meta":{"origin":99198,"position":5},"title":"Buyers snap up flats at SHKP\u2019s Cullinan West II in Hong Kong\u2019s biggest weekend property sale in six months","date":"September 9, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) sold all 72 units in a third round of sales at its Cullinan West II development near Sham Shui Po on Sunday as buyers took advantage of lower prices and mortgage incentives in the city\u2019s biggest weekend property sale in six months. On Saturday,\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\/99198"}],"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=99198"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}