{"id":99774,"date":"2018-10-13T19:37:08","date_gmt":"2018-10-13T12:37:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-flop-as-market-rout-higher-mortgages-deter-residential-property-buyers\/"},"modified":"2018-10-13T20:02:54","modified_gmt":"2018-10-13T13:02:54","slug":"hong-kongs-home-sales-flop-as-market-rout-higher-mortgages-deter-residential-property-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-flop-as-market-rout-higher-mortgages-deter-residential-property-buyers\/","title":{"rendered":"Hong Kong\u2019s home sales flop as market rout, higher mortgages deter residential property buyers"},"content":{"rendered":"


\nSales 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.
\nNan Fung managed to sell only 100 units, or 20 per cent of the 491 flats offered, at its LP6 project at Lohas Park in Tseung Kwan O as of 5:30pm on Saturday, even after discounting the offers by 19.5 per cent, for an average price of HK$16,006 per square foot….
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s home sales flop as market rout, higher mortgages deter residential property buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sales of newly completed flats flopped for a second consecutive weekend in Hong Kong, as...<\/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-99774","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-pXg","jetpack-related-posts":[{"id":115718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-emerald-bay-project-flops-for-the-second-time-in-two-months-as-buyers-stay-away-amid-hong-kongs-economic-slump\/","url_meta":{"origin":99774,"position":0},"title":"Evergrande\u2019s Emerald Bay project flops for the second time in two months as buyers stay away amid Hong Kong\u2019s economic slump","date":"April 18, 2020","format":false,"excerpt":"\r China Evergrande suffered its second sales flop in two months as Hong Kong\u2019s homebuyers gave their collective cold shoulder to its Emerald Bay flats in Tuen Mun, even after a 14-per cent average discount.The Chinese developer managed to find buyers for 16 flats, or a mere 6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-flop-for-a-second-consecutive-weekend-as-worsening-us-china-relations-give-buyers-more-cause-for-pause\/","url_meta":{"origin":99774,"position":1},"title":"Hong Kong\u2019s home sales flop for a second consecutive weekend as worsening US-China relations give buyers more cause for pause","date":"May 25, 2019","format":false,"excerpt":"\r Hong Kong\u2019s home sales flopped for the second consecutive weekend, as an unexpected deterioration in US-China relations gave investors reason to postpone making long-term financial commitments.Two flats were sold out of 104 units on offer in three districts across the city, marking the worst sales weekend for developers since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-up-43-6-per-cent-in-march\/","url_meta":{"origin":99774,"position":2},"title":"Hong Kong\u2019s home sales up 43.6 per cent in March","date":"April 6, 2017","format":false,"excerpt":"\r Home sales in Hong Kong rose to a four-month high in March, driven by a sharp increase in secondary market transactions, according to property agents. Industry experts expect home sales will continue to improve in April owing to rising numbers of big-ticket deals involving the purchase of multiple flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-emerald-bay-flats-flop-in-their-third-weekend-sale-in-three-months-as-homebuyers-ignore-developers-discount\/","url_meta":{"origin":99774,"position":3},"title":"Evergrande\u2019s Emerald Bay flats flop in their third weekend sale in three months as homebuyers ignore developer\u2019s discount","date":"May 9, 2020","format":false,"excerpt":"\r China Evergrande\u2019s weekend sale of its Emerald Bay flats in Tuen Mun has flopped for the third time in as many months, as Hong Kong\u2019s homebuyers shunned its meagre discounts in anticipation of further price declines.The developer managed to find buyers for 34 flats, or 10 per cent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-continue-their-beeline-for-one-victoria-flats-in-kai-tak-as-cheap-funds-economic-growth-lure-buyers-into-market\/","url_meta":{"origin":99774,"position":4},"title":"Hongkongers continue their beeline for One Victoria flats in Kai Tak as cheap funds, economic growth lure buyers into market","date":"July 10, 2021","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers continued making their beeline for the first waterfront flats built on the city\u2019s former airport runway, as low-cost mortgages combined with signs of an economic recovery and easing Covid-19 outbreaks to lure them back into the property market.China Overseas Land and Investment (COLI) sold 118 apartments,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-shrug-aside-covid-19-relapse-for-wheelocks-koko-hills-flats-in-lam-tin-giving-legs-to-hong-kongs-home-bull-run\/","url_meta":{"origin":99774,"position":5},"title":"Buyers shrug aside Covid-19 relapse for Wheelock\u2019s Koko Hills flats in Lam Tin, giving legs to Hong Kong\u2019s home bull run","date":"July 11, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property buyers shrugged aside a relapse of coronavirus infections to snap up new homes launched in two locations, giving legs to a tentative recovery in the city\u2019s residential real estate market.Wheelock Properties sold 85 flats at the Koko Hills project in Lam Tin at 6:30pm, or 53\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\/99774"}],"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=99774"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99774\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}