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Hong Kong's property market more prone to boom and bust: Roach


Stephen Roach, the former Morgan Stanley Asia chairman and once seen as "China's good friend, yesterday tweeted that Hong Kong's property markets are more prone to boom-bust cycles than other regions.

Reposting a Financial Times story about the city's slumping property sector on X, formerly known as Twitter, Roach said that "This cycle is different" as Hong Kong is hit by "the China shock."

"Hardly immune to the post-Covid hangover afflicting others, HK is also being hit by "the China shock" - both economic and political," Roach noted.

Roach's latest comments came after he wrote in an FT column earlier this year that "it pains me to admit it, but Hong Kong is now over."

He argued that Hong Kong's embattled stock market symbolizes the end of its economic success over the past two decades, citing factors including Beijing's tightening grip and rising US-China tensions.

The city's benchmark index the Hang Seng Index had fallen below the 15,000 level to a 15-month low in January but it jumped over 20 percent to enter a technical bull market recently after China revealed a series of supportive measures to boost the local capital market.

Roach's earlier remarks caused heated discussions in the city, with government officials including Financial Secretary Paul Chan Mo-po pointedly disagreeing with his assessment.

Meanwhile, Hong Kong's primary market is so far maintaining its momentum which started following the removal of all housing curbs at the end of February.

CK Asset (1113) raised the prices of four three-bedroom units at Blue Coast, its new project atop Wong Chuk Hang MTR station, by 3 to 5 percent.

The developer said the price hike is believed to be moderate and the adjusted prices are still lower than the costs, adding that prices of the remaining units will also be adjusted in the near future.

Blue Coast, co-developed by CKA and MTR Corp (0066), has sold 562 flats for over HK$10.6 billion so far.

Meanwhile, CKA's El Futuro in Kau To Shan recorded 11 deals so far this month, cashing in over HK$213 million.

In Kai Tak, China Overseas' (0688) One Victoria, however, saw nine deals canceled.

(The Standard)

 

半島中心中層戶放售 叫價1232萬

有代理表示,尖沙咀東麼地道67號半島中心中層寫字樓物業,建築面積約1120方呎,意向價1232萬,折合呎價約1.1萬,物業同時亦放租,意向月租約3.1萬,平均每呎約28元。

該代理指,上述物業間隔四正實用,貼近電梯大堂,而且外望市政局百周年紀念花園,享噴水池園景,開揚舒適。

半島中心位處尖東核心商業區,毗鄰區內多幢知名商廈,且附近高級酒店及各式食肆林立,徒步至港鐵尖東站僅需數分鐘。

(星島日報)

更多半島中心寫字樓出售樓盤資訊請參閱:半島中心寫字樓出售

更多尖沙咀區甲級寫字樓出售樓盤資訊請參閱:尖沙咀區甲級寫字樓出售

 

紅磡駿昇中心全層2.1億易手 面積4.03萬方呎零售商承接自用

紅磡工商物業駿昇中心12樓全層,由經營百貨公司的先施近期以2.1億沽售,建築面積4.03萬方呎,市場消息指,買家為一間專賣護理用品的連鎖零售商,計劃將物業作為自用。

近期用家紛出手自置工廈及商廈,紅磡民樂街23號駿昇中心12樓全層以2.1億易手,平均呎價5211元,儘管賣家售後租回半年,月租40萬,市場消息透露,買家為一間連鎖零售商,並以美康個人健康護理產品連鎖店相關人士呼聲最高,計劃將物業作為自用。

平均呎價5211

代理指,駿昇中心為一幢高效率的工廈,於1992年落成,樓齡相對新,擁有充足車位,卸貨台空間大,加上項目位處市區,適合產品流量高的零售行業,作為寫字樓及貨倉。

紅磡區內不乏工廈,工商活動頻繁,只是疫市前放盤少,價格亦高企,駿昇中心於2018年及2019年商廈市況高峰期,呎價普遍逾6000元,其中,8樓B室,建築面積約3427方呎,於2019年7月以2388.8萬易手,平均呎價6971元,最新呎價較高峰期跌25%。

造價較高峰期跌25%

早前,紅磡區內商廈半島廣場21樓11至13室,由德國採購商OTTO香港分部以3000萬沽出,買家賀利氏金屬承租該物業多年,轉租為買,賀利氏生產及營銷貴重金屬,本身持有粉嶺安樂村安全街30號賀利氏科技中心全幢自用。

該半島廣場3個相連單位,建築面積共約6248方呎,平均呎價約4802元,OTTO則於1993年斥資3791.3萬買入半島廣場21樓11至15室,合共5個單位,建築面積共9462方呎,當時呎價約4007元,近年持有收租,是次售出部分樓面,只較31年前高出19.8%。半島廣場為紅磡地標商廈,於1993年落成,大廈擁有大型車場及上落貨設施,規模及配備媲美工廈。

(星島日報)

 

屯門匯賢一號呎價9190元售

新資本投資者入境計劃接受申請,入場銀碼較細的工廈查詢增多,當中以北都區工廈受捧。位處屯門的活化工廈ONE VISTA匯賢一號近期交投轉活,上月售出4個高層單位,平均呎價約9190元,沽出單位多為連租約,涉及總金額約2213萬。

連約回報逾3

有代理表示,屯門新合里1至3號匯賢一號,新近於4月售出4個高層連租約單位,涉及總面積約2408方呎,成交價約2213萬,平均呎價約9190元,平均回報逾3厘,買家均為投資客。

該項目4月份單月錄得約30宗租賃成交,呎租約23至28元不等,整體項目出租率達90%。現時匯賢一號租客多元化,除傳統辦公室外,租客行業亦涵蓋美容、教育、中醫及物理治療等行業。

單月錄30宗租賃

該代理補充,該廈21樓16室,面積約797方呎,意向價約597.7萬,平均呎價約7500元,連約出售,單位現時月租約2.2萬,新買家料回報高達4.4厘。

該代理認為,匯賢一號靠近北部都會區、往返內地便利,用途亦多元化,可作補習社、興趣班、美容、健身中心等,回報普遍逾3厘,配合現時新投資者移民政策推動,由於工廈銀碼細,投資成本相對較低,符合1000萬非住宅物業投資上限,自用抑或投資均是不俗的選擇。

另一代理表示,屯門新安街1號憶兆工業大廈地廠,建築面積約14438方呎,以每月約18萬放租,平均呎租12.5元,該地廠多窗開揚,少柱樓底高18呎。

(星島日報)