K&K Property plans to sell by
tender the luxury project One Stanley as early as the second quarter as
sentiment in the property market has improved.
The
smallest unit would be 800 square feet and the prices will refer to
similar projects in the Southern District of Hong Kong Island, as well
as Ap Lei Chau and Wong Chuk Hang.
The
transaction price of the larger units had recently reached up to
HK$50,000 a square foot, said Tony Cheng, the investment and sales
director of K&K.
One
Stanley is designed by Robert Stern, a New York City-based architect
and the founding partner of the architecture firm Robert A M Stern
Architects.
Stern has been the designer of many luxury projects in Hong Kong, including Mount Nicholson and The Morgan on the Peak.
One
Stanley, a low-density project, has a site area of 272,300 sq ft and a
buildable floor area of 226,000 sq ft, while the area with plantation is
81,000 sq ft, accounting for 30 percent of the total site.
The projects will offer 50 flats in 11 four-storey buildings and 32 independent houses.
Cheng
predicts prices of luxury homes could rise 10 to 15 percent, compared
with the estimated growth of 5-10 percent for other private homes,
citing the rising transactions after China's reopening, the expected
peak of interest rates in the third quarter and the Top Talent Pass
scheme by the Hong Kong government.
In
Kowloon Tong, a luxury house on Oxford Road is up for sale with an
intended price of HK$450 million, or HK$58,000 per sq ft, an agent said.
Four houses on Plantation Road on The Peak jumped into the market by starting the tender sale this Friday.
For private homes, The Vertex
in Cheung Sha Wan, held by Twin City, sold five more flats yesterday,
cashing in HK$45 million, adding up to a total of 18 homes sold in one
week. The manager of the project, VMS, will put four more flats on sale
on Friday, with the size ranging from 408 to 439 sq ft.
And there are more new homes to come.
Star
Group (1560) said the project After the Rain in Yuen Long expects to
release the first price list in March, offering at least 67 units in the
first batch for "reasonable" prices. And in Tuen Mun, Sun Hung Kai
Properties (0016) will upload the prospectus of Novo Land 2B this week,
involving 729 units.
(The Standard)
Hong Kong property developers dismiss investor confidence fears over national security law clauses in land sale documents
Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches
But real estate association says no objections registered from members and move would not affect bidding
Hong
Kong property developers have dismissed fears about a drop in investor
confidence after the authorities added national security clauses to land
sale documents.
Provisions
from the Beijing-imposed national security law were found in recent
tender documents for land sales, including one for a site at the
junction of Sai Yee Street and Argyle Street in Mong Kok, where
submissions will close on February 24.
The
document warned potential buyers they could be disqualified if they
engaged in activities that endangered national safety or affected public
order.
Stewart
Leung Chi-kin, the chairman of the executive committee of the Real
Estate Developers Association, said he had heard no objections from
members, despite there being no consultation on the change.
“The latest practice will not have an impact on a developer’s desire to
tender for land or not,” he told the Post. “It will not scare away
foreigners who are true investors, but only those that hope to disturb
and obstruct the city’s development with political motives.
Leung,
also the chairman of real estate giant Wheelock Properties, said he
believed the new arrangements were related to the 2019 anti-government
protests.
Beijing
imposed the national security law on Hong Kong in June 2020 with
penalties of up to life in prison for people convicted of subversion,
secession, collusion with foreign forces and terrorism.
“Now
it must be clearly stated, and it’s not just Hong Kong, many countries
across the world have such a security law to protect themselves,” Leung
said. “Even though there are no such clauses for old land leases, the
law is enforced in the city already, and people have to obey and follow
it.”
Other developers echoed Leung’s views.
Nick Tang, chief executive officer of Wang On Properties, said the clause was reasonable from a business perspective.
“While
it is in place, in practice I don’t think anyone will trigger this
clause. Chances of that happening are very slim. So it definitely will
not affect land prices,” Tang predicted. “If a Hongkonger buys anything
in the US, the US government will also examine the background before
allowing the investment,”
A
spokesman for the Development Bureau said the Lands Department had
added new provisions in land sale papers and short-term leases after the
government’s Stores and Procurement Regulation was updated last August
to take account of the national security law.
“Safeguarding
national security is the shared responsibility of the entire Hong Kong
society. For law-abiding bidders, the relevant terms should not affect
their willingness to bid, and we are not worried that the terms will
affect the government’s push for land,” he said.
He
added the first land sale in Kai Tak Area 2A, which included the
national security terms, had attracted six bidders and the site was sold
by the end of last year.
The
city’s property stocks were down as much as 4.9 per cent to the lowest
level in six weeks on Monday, compared with a 0.1 per cent slip in the
benchmark Hang Seng Index.
Donald
Choi, the chief executive of property giant Chinachem Group, said: “The
government always has the right to withdraw the tender or choose who
can win. The government is like any landlord, who can choose the tenant
or buyer. This is naturally their right.”
Allen
Fong, a veteran developer who earlier worked for a state-owned
developer and has more than 25 years of experience, said he did not see
how construction of residential property could violate national security
law, despite the legislation’s range.
“If
you talk about residential, industrial property or street shops, I
don’t think there will be any major violations,” Fong said. “The biggest
chance is when an office is leased to a renter who violates the
national security law.”
Polly
Chu, a partner at law firm Withers, said the insertion was designed to
underline that the national security requirement was one of the criteria
along with price and specification under the government procurement
process.
“Most
land developers mainly consider the development cost, future revenue
and income that can be generated, strategic expansion or portfolio and
risk, funding and ongoing management,” Chu said.
Gary
Ng Cheuk-yan, a senior economist at Natixis Corporate and Investment
Bank, said the move to extend the scope of the national security law was
not a surprise.
“It
should not drastically change investors’ sentiment, but it will also
not stop businesses from reassessing the risks in geopolitics and policy
predictability in Hong Kong,” Ng said.
The
Foreign Correspondents’ Club said last November it had secured a
three-year lease extension on its part of the Old Dairy Farm Depot in
Central after it became embroiled in controversy and was targeted by the
city’s pro-establishment camp in recent years.
The
association revealed the new lease contained other provisions which
were standard in all government leases, including allowing the
authorities to terminate it at any time with three months’ notice or
with immediate effect on national security grounds.
(South China Morning Post)
MTR Corp withdraws tender for Oyster Bay residential site on Lantau Island after just 3 bids submitted in subdued market
It is the third time the bidding process for a parcel of Hong Kong land has fallen through in just over a month
Developers are hesitant to commit to large investments amid rising interest rates and uncertainty in the economic outlook
The
tender for the first residential project at MTR Corp’s Oyster Bay
station in northern Lantau Island has been withdrawn, the third time the
bidding process for a parcel of Hong Kong land has fallen through in just over a month.
“The
corporation has decided not to accept any of the tender submissions,”
said a MTR Corp statement on Monday. “The corporation will retender the
project in due course.”
The Oyster Bay project received just three bids
on Wednesday, the lowest for an MTR project in nine years. The response
was in stark contrast to the first of the rail company’s developments
in Lohas Park and Wong Chuk Hang station, which fetched 11 and 14
tenders in 2005 and 2017 respectively.
The
market is still very conservative even as the reopening of the border
with mainland China may herald an uptick in demand for Hong Kong property,
according to analysts. Developers remain hesitant to commit to large
investments amid rising interest rates and uncertainty in the economic
outlook.
“The borrowing cost has gone up more than triple,” an agent said. “If
the asset is not generating income, it is very hard to get loans,
therefore it’s even harder to get financing for construction sites.”
The withdrawal of the tender might be down to the size of the plot and the investment sum required, a surveyor said.
“As
the sales velocity of existing stock is slow and the interest rate is
high, the developers are looking for those quick return projects,” the
surveyor said.
Earlier
this month, Hong Kong’s Urban Renewal Authority (URA) rejected a tender
for a big plot of land in Kwun Tong, because the sole bid from Sun Hung
Kai Properties failed to meet the minimum requirement.
That failed sale followed the withdrawal of a site in Hong Kong’s southern Stanley district on January 10. The plot, on Cape Road, is the district’s biggest site for residential development in two decades.
The
tender for the first phase of the Oyster Bay project includes a
residential area of about 1.25 million sq ft that could provide up to
1,900 housing units, and a shopping centre with a floor area of 67,400
sq ft.
It comes as the property
industry continues to digest the government’s move to build public
housing units on the former runway area of Kai Tak, originally planned
as a second central business district for the city.
It
is the biggest MTR project since phase 13 of Lohas Park, which has a
floor area of over 1.5 million sq ft and closed for tender in October
2020.
Oyster Bay had initially attracted 33 expressions of interest in December.
Donald
Choi, the CEO of developer Chinachem Group, said the government should
consider accepting lower offers because the market has fallen.
“Recently
the market has changed relatively quickly … the government should make
appropriate adjustments,” said Choi. “The government has recently
offered land in a rush. Hopefully they will reconsider that.
“The government has to understand the market and cannot think prices offered would be as competitive as the market before.”
He
said Chinachem did not submit a bid for the Oyster Bay project because
of the “very high technical requirements” and construction costs.
(South China Morning Post)
觀塘 KOHO 全幢商廈17億沽 新世界售非核心物業8年升值7%
本港與內地通關後，近期市況漸有起色，大手買賣漸活躍，繼早前沽出新蒲崗全幢酒店，新世界再趁勢減磅，沽售旗下觀塘鴻圖道 KOHO 全幢商廈，作價約17億，平均呎價約7766元，物業8年間升值約7%。
近年積極放售旗下非核心物業的新世界，近期再有新動作，市場消息透露，旗下觀塘鴻圖道73至75號 KOHO 商廈，亦覓得新買家，全幢以約17億易手，以總樓面約21.89萬計算，平均呎價約7766元，新買家為收租客，預料回報約4厘，物業以買賣公司形式進行，買家無需支付相等於樓價4.25%釐印費。
平均呎價7766元
KOHO 位於鴻圖道73至75號，前身為建大工業大廈，樓高13層，1樓至12樓為寫字樓，地下則為停車場及商店，每層面積由1.6萬至2.45萬方呎，地下為停車場及商店，2013年，鵬里資產以9.8億購入建大工業大廈，將之活化為寫字樓，成為區內首幢活化工廈項目，工程費用約1.7億，並將大廈易名 KOHO (KOwloon Head Office)，2014年10月，由新世界以約16億承接，今番沽售帳面獲利約1億，物業於8年間升約7%。
KOHO 位處地段現規劃「其他指定 (商貿)」用途，佔地約2萬方呎，去年9月，新世界向城規會申請放寬地積比率，由12倍放寬至14.4倍，將該廈重建為1幢樓高33層的商廈 (另4層地庫停車場) 提供辦公室及商店等，總樓面約28.8萬方呎，較現有樓面多逾30%，近期，獲規劃署亦不反對申請。
屬工廈活化寫字樓項目
新世界於去年12月，亦沽出新蒲崗九龍貝爾特酒店，作價20億，佔地約23800方呎，設有約690間客房，買家為美國私募基金AG夥拍宏安地產。
有代理表示，觀塘開源道55號開聯工業中心1樓，建築面積約5710方呎，以3540萬放售，平均呎價約6200元，該單位可從地下由樓梯直達，低層用途廣闊，可申請食堂、教育或者作零售用途。
該單位擁寫字樓及貨倉裝修，設有會議室、洗手間及冷氣配備。大廈於1985年落成，設有雲石大堂，車場可入40呎貨櫃。開聯工業中心位處觀塘開源道，工商廈及酒店林立。
觀塘鴻圖道73至75號 KOHO 全幢，以約17億易手，新買家為收租客，預料回報約4厘。
(星島日報)
更多KOHO寫字樓出租樓盤資訊請參閱：KOHO 寫字樓出租
更多觀塘區甲級寫字樓出租樓盤資訊請參閱：觀塘區甲級寫字樓出租
灣仔卓凌中心1330萬售15年升值72%
資深投資者羅守輝旗下的TOYOMALL近期積極沽售，最新再沽出灣仔卓凌中心一個單位，作價1330萬，平均呎價8504元，15年間升值逾72%。
平均每呎8504元
上址為卓凌中心10樓A室，建築面積約1564方呎，以每呎約8504元易手，涉資1330萬，新買家購入物業，需支付相等於樓價4.25%釐印費，涉資約56.5萬，TOYOMALL於2008年以770.58萬購入該單位，平均每呎4927元，持貨15年，帳面獲利559.42萬，物業升值逾72%。
TOYOMALL早前沽售香港仔朗盈商業大廈基座，作價5200萬，買家為南記粉麵，亦是租客之一，今番轉租為買，持有物業自用兼收租。
南記粉麵購香港仔巨鋪
香港仔東勝道10號朗盈商業大廈1至4樓連平台，早前以5200萬易手，買家為南記粉麵，以月租14.15萬承租1樓，租約至今年4月，續約月租15.28萬至2024年4月，今番購入物業自用。1樓為德善醫療，月租3.5萬，租期至2024年4月，續約月租4.2萬至2027年4月。TOYOMALL早於2003年以600萬購入該物業，持貨19年，帳面獲利4780萬，物業升值近8倍。
(星島日報)
更多卓凌中心寫字樓出售樓盤資訊請參閱：卓凌中心寫字樓出售
更多灣仔區甲級寫字樓出售樓盤資訊請參閱：灣仔區甲級寫字樓出售
港鐵小蠔灣住宅項目流標收場
剛於上周四截標的港鐵小蠔灣車廠發展項目第1期，雖然有3家大型發展商入標，惟最終亦流標收場，港鐵昨日宣布決定不接納任何有關該項目的標書文件，並會於適當時間重新招標。業界人士認為，項目建築成本高，而樓市未完全復甦，加上屬「開荒牛」項目，具有一定難度，而且回本期相對較長，以致財團出價相對審慎，尤其是分紅比例更成為關鍵，最終導致項目流標。
港鐵小蠔灣是繼政府招標赤柱豪宅地及市建局觀塘商業項目後，於一個多月內第3幅地皮錄得流標個案，業界認為除了因疫情持續打擊外，樓價於去年跌幅高達15%亦是主要原因，加上樓市仍未完全復甦，導致發展商競標意欲低迷，特別是大型地皮項目，出價亦相對審慎及保守
一個多月連環3宗流標
一家大型發展商指出，今次小蠔灣項目流標，最主要是項目建築成本太高，發展商需要負責興建商場及車站等設施，加上日後商場建成更要交還港鐵，而且區內配套未必能夠配合首期項目，出現「開荒牛」項目性質，回本期長及極具挑戰，將來能夠「打和」更有難度，同時樓市仍未真正復甦，發展商出價審慎及分紅比例未符港鐵要求，自然有機會流標。
有測量師表示，過去港鐵車站上蓋發展項目甚少流標，對上一次可能要追溯至大圍站上蓋項目。該測量師又說，項目變數不太多，相信今次流標主要原因是項目位處新發展區，而且涉及規模較大，加上未來政府有不少土地推出招標，以致發展商出價較審慎，建議港鐵推措施降低發展商成本，例如港鐵自行負責興建車站設施，藉此增加項目吸引力。
回本期長 分紅比例未符要求
另一測量師亦認同，該項目規模比較大，而且小蠔灣屬於一個新發展區，發展商出價趨向保守，最後導致流標。測量師又說，其實小蠔灣地理上屬於一個策略性位置，但需要比較長期的發展及配套，發展商現階段對這個位置的期望比較保守，尤其是首期項目未必配合到車站即時開通。
有測量師表示，小蠔灣車廠發展項目第1期屬於「開荒牛」項目，發展商需要負責興建商場、平台及車站等設施，由於車站未必能夠配合項目首期即時通車，因此具有很大挑戰。測量師又說，作為整個項目的「開荒牛」，流標將會影響之後期數的進度。
據悉，小蠔灣車廠發展項目第1期不設補地價條款，惟入標發展商須提供「一口價」固定金額12億。另外，發展商須就分紅比例向港鐵自行提出建議，而分紅比例不設限制。此外，發展商須負責興建商場、平台及車站設施等，商場建成後須交還港鐵。項目於上周四截標，合共接獲3份標書，入標發展商包括長實、新地、會德豐地產。
(星島日報)
尖東永安廣場 交通便利配套齊
尖東一帶商廈林立，商業氣氛濃厚，永安廣場為區內甲級商業大廈，交通便利，飲食配套齊全。
永安廣場於1981年落成，樓齡約42年，樓高12層，地下至3樓為商舖，包括永安百貨佔用地下及地庫。物業4樓至12樓為寫字樓單位，寫字樓樓面面積近2.2萬平方呎。物業共設有6部客用升降機，可疏通人流。
L形設計 單位內籠四正
大廈設計呈「L」形，單位內籠四正，未有多餘角位。由於樓面較大，故可分間出15個單位，最細單位面積由1,000多平方呎起，適合不同用家。景觀方面，物業處臨海地段，單位擁全落地玻璃，向梳士巴利道單位，可望無遮擋海景景觀。另一邊單位望向漆咸道南一帶樓景及公園景，十分開揚。
交通方面，物業舉步直達港鐵尖東站及尖沙咀，附近亦設有巴士總站，提供多條行車路綫，直達港九新界，十分方便。
飲食配套方面，物業鄰近尖東海旁，大廈地下至尖沙咀中心、帝國中心等地下，均設有特色餐廳及酒吧，物業鄰近五星級酒店香格里拉，而尖東一帶亦有多間酒店，提供商務午餐。另外，步行5至10分鐘可到達K11 MUSEA商場，內有多間餐廳、商店等提供，配套齊備。
買賣方面，今年永安廣場今年暫錄1宗買賣成交，為物業低層03室，面積約1,200平方呎，以2,200萬元成交，呎價18,333元。物業去年錄3宗成交，去年6月，物業中層06室，面積約1,382平方呎，以1,769萬元易手，呎價12,800元。去年4月錄2宗成交，分別為中層06室，以及08至09室，面積約1,382及2,318平方呎，成交價1,520.2萬及2,230萬，呎價11,000元及9,620元。
(經濟日報)
更多永安廣場寫字樓出租樓盤資訊請參閱：永安廣場寫字樓出租
更多尖沙咀中心寫字樓出租樓盤資訊請參閱：尖沙咀中心寫字樓出租
更多帝國中心寫字樓出租樓盤資訊請參閱：帝國中心寫字樓出租
更多尖沙咀區甲級寫字樓出租樓盤資訊請參閱：尖沙咀區甲級寫字樓出租
更多永安廣場寫字樓出售樓盤資訊請參閱：永安廣場寫字樓出售
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
低層單位放租 意向呎租45
尖東永安廣場為尖沙咀東核心商業區的指標商業大廈，質素頗佳，物業低層單位正進行放租，意向呎租45元。
面積3151呎 逾14萬放租
有代理表示，有業主放租永安廣場低層04至05室，面積約3,151平方呎，現以14.18萬元放租，呎租約45元，單位主要享有開揚海景，同類供應甚為罕有。上一手租客為金融商業公司，室內裝修雅致，甚為寬闊，間隔四正，空間感十足。
物業去年租務成交表現不俗，共錄得17宗租務成交。最新一宗為高層03室，面積約913平方呎，成交呎租約35元。另外，11月份高層13室，面積約894平方呎，以每呎約26.7元租出。物業去年10月份共錄得3宗租務成交，當中，呎租最高屬中高層09室，面積約1,241平方呎，成交呎租約50元。
(經濟日報)
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