A site in Tsim Sha Tsui was approved by the Lands Tribunal for compulsory sale with a reserve price of HK$2.13 billion.
On
the site is currently an 11-story building, Hankow Apartments, which
was completed in 1959 and has a site area of about 11,565 square feet.
There are commercial shops on the ground floor and the first to tenth
floors are for residential use.
New World Development (0017) and other partners purchased the property and applied for a compulsory sale in 2019.
The sold ownership of Hankow Apartments has risen to over 98.24 percent, with only two units left.
The
property could be redeveloped into a 24-story commercial building with a
three-story basement, based on a plot ratio of about 12.2 times. With a
gross floor area of about 141,000 sq ft, the rebuilt property could be
valued at HK$15,000 per sq ft.
Elsewhere,
a property in North Point was sold by tender for HK$190 million last
month, with the price per sq ft of floor area at only HK$5,735. This
deal was made about 60 percent lower than a purchase of around HK$468
million four years ago.
Previously
held by Irene Au Chung-yee, daughter of Hong Kong philanthropist Au
Shue Hung, the property was foreclosed last August and was later
purchased by Grand Ming (1271).
The mentioned property involves a site on Fort Street and another on Kin Wah Street, with only a narrow lane in between them.
With
a total site area of 3,248 sq ft, the property could be rebuilt into a
residential project of 33,130 sq ft in gross floor area on the highest
plot ratio of 10.2 times. But it is still uncertain whether two sites
could be consolidated.
The
deal comes as land prices on the Island continue to fall. A site in
Kennedy Town, for example, was sold for HK$439 million last December –
HK$9,500 per sq ft of floor area. The price was around 10 percent lower
than the bottom range of market valuations and also marked a new
eight-year low for land sales on the Island.
Meanwhile,
China Resources Land (1109) agreed to pay HK$13.7 billion as premium
for a Cheung Sha Wan site, the second highest ever paid for the area.
The premium per floor area amounted to HK$8,692 per sq ft, with the 1.58 million sq ft of gross floor area.
Known as Yuen Fat Godown, the site is held by a joint venture set up by China Resources and China Overseas Land (Overseas).
(The Standard)
Sino Land's five projects will offer 3,000 homes
Sino Land (0083) has joined other developers to
announce its sales plans this year, saying it aims to launch five new
projects offering over 3,000 homes.
The projects are Villa Garda III in Tseung Kwan O with 664 flats, Grand Mayfair
III in Yuen Long with 680 flats, One Central Place in Central with 121
flats, The Southside Phase 4 in upper Wong Chuk Hang MTR station with
800 flats and the Yau Tong Ventilation Building development with 792
flats.
Meanwhile, St George's Mansions, a luxury project
co-developed by Sino Land and CLP Holdings (0002), notched up two deals
with a family of mainland spinning producers paying HK$190.5 million for
two duplex flats.
Victor Tin Sio-un, an executive director at Sino
Land, said the group sold another 55 flats in January, cashing in nearly
HK$1.9 billion.
Meanwhile, Mount Regalia in Sha Tin, jointly
developed by Paliburg Holdings (0617) and Regal Hotels International
(0078), saw its first transaction in the Year of the Rabbit when
detached house No 25 with an area of 2,576 square feet was sold for
HK$68.04 million or HK$26,413 per sq ft via tender.
Separately, a property agency put the number of
potential homes at 105,000 but said supply has not caught up with
demand, and it would take more than three years to reach a balance
between supply and demand. The agency expects prices to rebound by 8
percent this year and said it will recruit 300 new agents into its fold.
In other news, the number of mortgages for presale
homes in January slumped 66 percent year-on-year to 209, while loans
for completed homes tumbled over 50 percent to 5,924, according to data
from a mortgage brokage service porivder and the Land Registry.
(The Standard)
漢口大廈獲批強拍底價21.34億 新世界持尖沙嘴舊樓業權逾98%
新世界併購的尖沙嘴漢口大廈，新獲土地審裁處批出強拍令，底價為21.34億，最新擁有業權逾98%業權，較2019年申請強拍時大為增加，只餘下2個住宅單位尚未收購。
新世界早於19年5月申請強拍時，當時持有業權為88.6%業權，包括鋪位及多個住宅未收購，涉及被申請強拍的答辯一方多達14名，其中亦包括1個地鋪，由兆安地產李應流等持有，現時估值約3224萬，當時市場就所持有88.6%業權，估值約9.55億。
尚餘2伙未收購
隨後於過去數年來，新世界相繼收購該廈鋪位及住宅，最新已擁有逾98.2456%業權，只餘下兩個住宅單位未收購，最新就持有的業權，獲批出底價21.34億。
該2個尚未收購的住宅單位為2樓E室 (559方呎) 及8樓F室 (473方呎)，以物業現狀估值，分別為705.5萬及624.8萬，發展商於2019年3月至2022年7月期間，曾四度向餘下2個單位進行收購，最初出價1457萬及1245.5萬，唯1年後降價至1280萬及1090萬，減幅約12%。及在2022年7月，出價再次提升至1660萬及1480萬，即較最初出價高出14%及19%。
曾出價1660萬及1480萬
漢口大廈位於尖沙嘴漢口道43至49A號，現址為11層高商住樓，項目地盤面積約11565方呎，土地現規劃為商業用途，若以地積比率12.2倍發展，可重建為1幢24層高、設有3層地庫的商廈，總樓面約14.1萬方呎，每呎樓面地價約1.5萬。
項目將重建商廈
新世界於尖沙嘴持有不少地標項目，最大型為旗下Victoria Dockside，提供商場及商廈，項目總樓面面積達300萬方呎，商場部分K11 MUSEA提供115.7萬方呎零售樓面。
2伙尚未收購單位，2樓E室 (559方呎) 及8樓F室 (473方呎)，最高獲出價1660萬及1480萬。
(星島日報)
佳明1.9億購堡壘街銀主地盤
北角堡壘街66號及建華街57號銀主地盤，上月初以1.9億成交，每方呎樓面地價僅約5735元，據悉，買家為佳明集團及有關人士。
上述住宅地盤位於北角堡壘街及建華街交界，地盤面積為3248方呎，以住宅商業項目地積比約10.2倍發展，可建總樓面約33130方呎。
翻查資料顯示，上述地盤早前由金朝陽持有，該集團於2018年公布，以約4.67億售予一家海外註冊公司，故該項目最新成交價對比5年前低出約2.77億，帳面貶值59.3%。
(星島日報)
