






{"id":9564,"date":"2020-10-06T16:36:46","date_gmt":"2020-10-06T09:36:46","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=9564"},"modified":"2021-06-04T15:43:21","modified_gmt":"2021-06-04T08:43:21","slug":"grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/","title":{"rendered":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season"},"content":{"rendered":"<p><span class=\"TextRun SCXW55737347 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW55737347 BCX0\">Savills expects redundancies to arise in the coming months as businesses rely on government grants to <\/span><\/span><span class=\"TextRun SCXW55737347 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW55737347 BCX0\">keep themselves afloat<\/span><\/span><span class=\"EOP SCXW55737347 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_9565\" aria-describedby=\"caption-attachment-9565\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-9565\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/10\/shutterstock_154201982.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-9565\" class=\"wp-caption-text\">Bird&#8217;s eye view of Hong Kong. leungchopan\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">Property agents believe that the home\u00a0<\/span><span data-contrast=\"auto\">rental\u00a0<\/span><span data-contrast=\"auto\">market will\u00a0<\/span><span data-contrast=\"auto\">face a\u00a0<\/span><span data-contrast=\"auto\">rough fourth quarter as a\u00a0<\/span><span data-contrast=\"auto\">commonly\u00a0<\/span><span data-contrast=\"auto\">low season<\/span><span data-contrast=\"auto\">\u00a0coincide with\u00a0<\/span><span data-contrast=\"auto\">what is now the\u00a0<\/span><span data-contrast=\"auto\">worst recession in decades<\/span><span data-contrast=\"auto\">, reported the\u00a0<\/span><a href=\"https:\/\/www.scmp.com\/business\/article\/3104120\/hong-kongs-home-rental-market-faces-tough-fourth-quarter-recession-makes?utm_term=Autofeed&amp;utm_medium=Social&amp;utm_content=article&amp;utm_source=Twitter#Echobox=1601862780\"><span data-contrast=\"none\">South China Morning Post<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Savills added that redundancies will occur\u00a0<\/span><span data-contrast=\"auto\">in the coming six months<\/span><span data-contrast=\"auto\">, which will have clear ramifications on the local housing demand,<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">as\u00a0<\/span><span data-contrast=\"auto\">several\u00a0<\/span><span data-contrast=\"auto\">businesses\u00a0<\/span><span data-contrast=\"auto\">still\u00a0<\/span><span data-contrast=\"auto\">depend on government funding to tread the waters<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Thus far, the senior director of research and consultancy at Savills Simon Smith revealed that \u201c<\/span><span data-contrast=\"auto\">the<\/span><span data-contrast=\"auto\">\u00a0rental market still seems precariously balanced as tenants and landlords face uncertain prospects. We expect the final quarter of 2020 to present further challenges.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In the data published by the government\u2019s Rating and Valuation Department,\u00a0<\/span><span data-contrast=\"auto\">the rental index dropped by 9.2 percent from its peak in 2019. It also indicated that the\u00a0<\/span><span data-contrast=\"auto\">monthly rents for apartments have been steadily declining.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">To increase demand, landlords have been providing incentives aside from rent reductions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-luxury-residences-remain-as-an-investment-favourite-surpassing-global-gateway-cities\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>More: Hong Kong luxury residences remain as an investment favourite, surpassing global gateway cities<\/b><\/a><\/p>\n<p><span data-contrast=\"auto\">\u201cLandlords and tenants are learning to navigate the current uncertainty with one-year leases, early handovers and rent-free periods,\u201d said the head of residential services at Savills Aradhana\u00a0Khemaney.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">\u201cThe fourth quarter is likely to see more challenges and we expect rents to soften further.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Moreover, Knight Frank said that they have witnessed more landlords who are\u00a0<\/span><span data-contrast=\"auto\">inclined to offer incentives to draw in more tenants instead of reducing asking rent.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cPrices will still be under pressure because of protracted unfavourable factors, including the weak economy and rising unemployment rate, which might erode affordability over time,\u201d s<\/span><span data-contrast=\"auto\">hare<\/span><span data-contrast=\"auto\">d the associate director of research and consultancy in Greater China at Knight Frank Martin Wong.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Fortunately, the overall property sector has started to\u00a0<\/span><span data-contrast=\"auto\">regain its momentum, according to property agency Midland Realty.<\/span><span data-contrast=\"auto\">\u00a0They predict the\u00a0<\/span><span data-contrast=\"auto\">total\u00a0<\/span><span data-contrast=\"auto\">property transaction volume, including homes, retail, parking spaces, commercial and industrial properties to\u00a0<\/span><span data-contrast=\"auto\">reach 6,500 in September, a 20.6 percent increase from August.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Savills expects redundancies to arise in the coming months as businesses rely on government grants to keep themselves afloat <\/p>\n","protected":false},"author":9,"featured_media":20761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[171,949,950,566],"class_list":["post-9564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-hong-kong","tag-leasing","tag-rents","tag-residential-market","news_country-hongkong","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Savills expects redundancies to arise in the coming months as businesses rely on government grants to keep themselves afloat\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-06T09:36:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T08:43:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/\"},\"author\":{\"name\":\"Gynen Kyra Tirazona Toriano\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\"},\"headline\":\"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season\",\"datePublished\":\"2020-10-06T09:36:46+00:00\",\"dateModified\":\"2021-06-04T08:43:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/\"},\"wordCount\":374,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_154201982.jpg\",\"keywords\":[\"hong kong\",\"leasing\",\"rents\",\"residential market\"],\"articleSection\":[\"News\",\"Property Report\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/\",\"name\":\"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_154201982.jpg\",\"datePublished\":\"2020-10-06T09:36:46+00:00\",\"dateModified\":\"2021-06-04T08:43:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_154201982.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_154201982.jpg\",\"width\":1000,\"height\":667},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\",\"name\":\"Gynen Kyra Tirazona Toriano\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/gynen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/","og_locale":"en_US","og_type":"article","og_title":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards","og_description":"Savills expects redundancies to arise in the coming months as businesses rely on government grants to keep themselves afloat","og_url":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2020-10-06T09:36:46+00:00","article_modified_time":"2021-06-04T08:43:21+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg","type":"image\/jpeg"}],"author":"Gynen Kyra Tirazona Toriano","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Gynen Kyra Tirazona Toriano","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/"},"author":{"name":"Gynen Kyra Tirazona Toriano","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23"},"headline":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season","datePublished":"2020-10-06T09:36:46+00:00","dateModified":"2021-06-04T08:43:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/"},"wordCount":374,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg","keywords":["hong kong","leasing","rents","residential market"],"articleSection":["News","Property Report"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/","url":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/","name":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg","datePublished":"2020-10-06T09:36:46+00:00","dateModified":"2021-06-04T08:43:21+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_154201982.jpg","width":1000,"height":667},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/grim-4th-quarter-in-hong-kongs-residential-leasing-market-as-recession-coincides-with-low-season\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Grim 4th quarter in Hong Kong\u2019s residential leasing market as recession coincides with low season"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23","name":"Gynen Kyra Tirazona Toriano","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/gynen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/9564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=9564"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/9564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/20761"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=9564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=9564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=9564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}