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Property deals soar to 24-year high at $468b


Local property transactions surged 74.2 percent year-on-year to HK$468.71 billion in the first half as of June 29, hitting a 24-year high, according to property agency.

The transactions included residential properties in the primary and secondary market, commercial properties and car-parking spaces, and the number of transactions jumped 52.1 percent to 49,795 in the first half as of June 29, a more-than-eight-year high, it said.

In the primary market, 8,087 deals of private residential flats were recorded during the period, up 25.2 percent year-on-year, with the total consideration rising 57.8 percent to HK$111.51 billion.

In the secondary market, the number of transactions increased 48.1 percent to 32,737 during the period, with the total consideration up by 62.8 percent to HK$280.06 billion.

In the commercial market, an property agency recorded 96 transactions at 50 Grade A office buildings in the first half, up by 182.35 percent year-on-year.

Separately, three flats at Grand Victoria were sold for about HK$44.71 million in total. The property in Cheung Sha Wan is being developed by Wheelock Properties, Sino Land (0083), K Wah International (0173), Shimao (0813) and SEA Holdings (0251).

(The Standard)

 

Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon

The Transport Department recently signed a lease in Kowloon, while the Lands Department is looking additional office space, according to property agency

With more companies starting to expand amid an improving economy, the city’s grade A office market recorded its first net absorption since July 2019, another agency said

The Hong Kong government is taking advantage of the drop in office rents to seek additional space for some departments, joining private companies looking to expand amid an improving economy.

The Transport Department recently signed a lease for a huge office space in Kowloon, while the Lands Department is in talks with landlords to take up additional office space, according to property agency.

In May, office rents in Kowloon East fell 9.3 per cent year on year to HK$26.9 per square foot per month, while in Central they dropped 12.9 per cent to HK$111.8 per square foot compared to a year ago, the latest data from property agency showed.

“They are mainly looking for space in Kowloon where rents are about a quarter of those on Hong Kong Island,” agent said.

The Transport Department recently leased 27,000 sq ft at Skyline Tower in Kowloon Bay, a core part of Hong Kong’s plan to transform Kowloon East into the city’s second core business district, at about HK$22 per square foot, while the Lands Department is looking for additional space close to its Cheung Sha Wan offices, the agent said.

In the past year, the Government Property Agency, which rents and allocates office space to various departments among other activities, has leased 100,000 sq ft at Skyline Tower to accommodate the back up offices of the Social Welfare Department, Immigration Department, Drainage Services Department and Audit Commission.

“The government’s move indicates rents in Kowloon East have dropped substantially,” said another agent.

Overall grade A office rents in Hong Kong have fallen about 27 per cent from the peak in June 2019, when they started their downward spiral amid the anti-government protests followed by the Covid-19 pandemic, according to the property agency. Local and multinational firms opted for downsizing or implemented work-from-home arrangements to contain costs amid tougher operating conditions.

The agent said that the rate of decline in rents has narrowed since early this year, and expects overall rents to fall by five to 10 per cent this year, compared to the 18.9 per cent plunge in 2020.

For the first five months this year, office rents have declined 4.1 per cent, ageny said. With more companies starting to expand, the property consultancy said the city’s grade A office market recorded its first net absorption since July 2019.

“We have helped several China-backed securities firms and asset management companies in Central take up more space,” the agent said.

Companies that have recently leased office space include the food delivery company Foodpanda, which leased two floors with a gross floor area of 39,000 sq ft at Times Square in Causeway Bay in June.

BitMEX, which operates a cryptocurrency derivatives exchange out of the priciest office tower in Hong Kong, is exploring the possibility of leasing additional space equivalent to half a floor at Cheung Kong Center from CK Asset Holdings.

The three-year lease of BitMEX’s 20,000 sq ft of space on the 45th floor of the tower, costing about US$600,000 per month, expires later this year.

With business confidence building up in Hong Kong in recent months, companies have started reassessing their real estate needs, agent said.

“We believe that the worst period for the office leasing market has passed and rental fall will moderate in the second half of the year for most core markets,” the agent said.

(South China Morning Post)

For more information of Office for Lease at Cheung Kong Center please visit: Office for Lease at Cheung Kong Center

For more information of Grade A Office for Lease in Central please visit: Grade A Office for Lease in Central

For more information of Office for Lease at Skyline Tower please visit: Office for Lease at Skyline Tower

For more information of Grade A Office for Lease in Kowloon Bay please visit: Grade A Office for Lease in Kowloon Bay

For more information of Office for Lease at Times Square please visit: Office for Lease at Times Square

For more information of Grade A Office for Lease in Causeway Bay please visit: Grade A Office for Lease in Causeway Bay

 

Hong Kong’s real estate deals jump to 24-year high in first half buoyed by upbeat economic sentiment

Real estate deals amounted to HK$468.71 billion from January to June, the most since HK$483.6 billion in the first half of 1997, property agency data shows

Secondary housing tops the volume, accounting for nearly 60 per cent of the turnover this year

Hong Kong’s real estate market is gathering steam. Total transactions in Hong Kong’s property sector surged to a 24-year high in the first half, led by a bounce in residential assets, as investors piled into the market amid the economic recovery.

The overall volume, including homes, commercial and industrial properties and car parking spaces, rose to HK$468.71 billion (US$60.4 billion) in the first six months, the most since HK$483.6 billion in the first half of 1997, according to data compiled by property agency. It represented a 74.2 per cent jump from the same period last year, when the Covid-19 pandemic coupled with the recession dampened investor sentiment.

Secondary housing topped the list, accounting for HK$280.06 billion or nearly 60 per cent of the turnover.

“Even under the haze of the pandemic, the property market has rebounded, with the number and value of transactions rising, of which the second-hand housing market has become the main driving force,” analyst said.

The prices of lived-in homes extended a five-month rally in May and were at their highest since July 2019, according to Rating and Valuation Department data. They were also within 0.8 per cent of a historic high recorded in May 2019, before anti-government protests kicked off in the city. Some analysts have predicted that Hong Kong’s secondary home prices could rise by 5 to 10 per cent this year.

Offices saw the fastest growth in transactions, rising nearly fivefold to HK$22.58 billion in the first half compared to HK$4.52 billion a year earlier. One of the biggest transactions was the HK$10.5 billion sale of Kowloon Bay International Trade and Exhibition Centre in June, data from another property agency showed.

The office market is showing signs of recovery and will rally once the border is reopened as funds from mainland China will return, agent said.

The commercial and industrial property segment saw first-half deals increase 136 per cent to 3,623, the most since the second half of 2018 before the outbreaks of social unrest and coronavirus pandemic saw investors retreat to the sidelines, according to the agency. Transactions in the second half are expected to rise by another 25 per cent from the first half to 4,500, it estimated.

“The bottom in the industrial and commercial property market has ended, and the market is slowly entering an upward trend,” the agent said.

Separately, a real estate unit of asset manager Schroders Capital and real estate investment firm BentallGreenOak said that they have acquired an industrial property and car parking spaces at Cable TV Tower and One Midtown from Wharf Development.

Located in Tsuen Wan, the premises comprise about 568,200 sq ft of industrial space and 122 car parking spaces.

The companies paid HK$2.6 billion for the assets, according to sources. A Schroders spokesman, however, declined to confirm the price.

“In anticipation of a gradual recovery in trade and economic activities, this deal represents a strategic investment and a good opportunity to capitalise on Hong Kong’s international importance as a trading and logistics centre,” said Andrew Moore, head of Schroders Capital Real Estate Asia Pacific.

(South China Morning Post)

For more information of Office for Lease at KITEC please visit: Office for Lease at KITEC

For more information of Grade A Office for Lease in Kowloon Bay please visit: Grade A Office for Lease in Kowloon Bay

 

紀惠集團6.9億 購中環中心全層

投資氣氛略轉好,「小巴大王」馬亞木以約6.93億元,沽出中環中心中低層全層,呎價約2.7萬元,屬今年該廈呎價新低,料僅獲利微利離場,買家為紀惠集團。

市場消息指,中環中心錄得全層成交,涉及物業26樓全層,面積約2.5萬平方呎,以約6.93億元成交,呎價約2.7萬元。據了解,單位目前部分樓面租出。按成交呎價計,為該廈今年新低。

該廈今年曾錄全層樓面成交,涉及「磁帶大王」陳秉志以8.7億元,沽出物業38樓全層,呎價約3.4萬元。由於是次沽出26樓,屬物業中低層,不及中高層海景單位優質,造價較低。

另外,陳秉志上月推出中環中心39樓最後5伙拆售全數沽出,呎價約3.3餘萬元,業主提供優惠,每個單位回贈1,000萬元,變相減價逾1成。按是次每呎2.7萬元計,為該廈今年新低。

紀惠共持有3層樓面收租

原業主為馬亞木,他夥拍多名投資者,於2017年向長實 (01113) 購入中環中心,而馬亞木持有當中13層樓面,如今以每呎2.7萬元沽出全層,料僅獲微利離場。

據了解,買家為紀惠集團,而購入單位同時,物業已獲新租客預租,呎租約60元,回報率約2.7厘。事實上,紀惠集團已數度購入中環中心,先在2018年,以約7.62億元購入向盧文端購入19樓全層,呎價約3.1萬元,並於2019年1月,以7.3691億元購入28樓全層,面積約24,980平方呎,呎價2.95萬元,是次第3度入市,目前集團已持有3層中環中心樓面,作長綫收租用途。

(經濟日報)

更多中環中心寫字樓出售樓盤資訊請參閱:中環中心寫字樓出售

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觀塘萬兆豐中心意向3465萬

近月工商鋪市況明顯轉活,新近有業主趁勢放售觀塘萬兆豐中心中高層,意向約3465萬,準買家更可獲配售一個車位,叫價約210萬。

代理表示,觀塘海濱道133號萬兆豐中心中高層C室,面積約2475方呎,意向呎價約1.4萬,總金額約3465萬,物業由業主自用,將交吉出售。

該代理指,該單位享全海景,將連寫字樓裝修出售,買家即買即用,單位現時市值呎租約25至28元。準買家亦可同時洽購萬兆豐中心一個車位,售價約210萬。

(星島日報)

更多萬兆豐中心寫字樓出售樓盤資訊請參閱:萬兆豐中心寫字樓出售

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甲廈交投按年彈升1.8倍 代理:上半年錄96宗

工商鋪去年底撤辣,加上疫情對市場影響減退,資金尋出路,帶動寫字樓交投急彈。代理數據顯示,今年上半年五十大指標甲廈合共錄96宗買賣,按年大幅反彈約1.8倍。

代理表示,本港疫情影響逐漸減退,在新晉投資者入市帶動下,加上去年低基數效應,寫字樓交投按年大幅反彈,但現時與高位比較仍然有一段距離。不過,近日政府表示有意先行局部恢復通關,若稍後政策落實細節,相信對寫字樓市場有正面影響,預計今年全年甲廈買賣仍會表現不俗。

疫情減退資金尋出路

代理數據顯示,今年上半年五十大甲廈共錄96宗買賣,相對去年同期的34宗,按年急彈逾1.8倍,期內成交面積約37.1萬呎,按年亦上升接近1.5倍。至於2019年同期共錄得90宗買賣,顯示今年上半年的指標甲廈買賣,已經超過2019年中政治運動爆發前夕的水平。

然而,若與2018年同期,即中美貿易戰剛爆發時的134宗,以及2017年商廈大牛市時的191宗比較,最新成交量分別僅及當年的約七成及五成左右。

中環中心半年錄八成交

若按地區劃分,上半年錄最多成交的為九龍區,期內合共錄60宗買賣,港島及新界區分別各錄20宗及16宗。上半年交投較活躍的大廈,包括中環中心 (8宗)、尖東新文華中心 (8宗)、觀塘寧晉中心 (6宗) 及葵涌新都會廣場 (6宗),但期內仍有多座大廈未錄得買賣,包括中環環球大廈及金鐘海富中心等港島核心區指標甲廈。

若單計6月份,五十大甲廈共錄得18宗買賣,是連續6個月企穩雙位數的水平,涉及面積約4.39萬方呎,與5月份的15宗及4.51萬方呎相若。另外,6月份共有38座大廈錄零成交,較5月份的37座略為上升。

(星島日報)

更多中環中心寫字樓出售樓盤資訊請參閱:中環中心寫字樓出售

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豐泰地產2.6億 放售灣仔商地盤

市區地盤罕有,豐泰地產放售灣仔莊士敦道商業地盤,市值約2.6億元。

代理表示,獲委託放售灣仔莊士敦道189號,地盤屬於兩面單邊,前臨莊士敦道及譚臣道,地盤面積1,466平方呎,可作銀座式商廈、寫字樓或酒店等。現物業連地舖樓高6層,總樓面面積約9,637平方呎。物業已獲屋宇處批准圖則,可重建為一幢22層高的銀座式大廈,樓面面積達21,990平方呎。物業市值約2.6億元,每呎樓面地價約1.2萬元。

(經濟日報)

 

元朗地掀中小財團爭奪

政府積極推地,其中,元朗住宅地將於新一季推出,據業內人士指出,市場估值約3.6億至4.25億,每呎樓面地價約5500至6500元,由於發展規模較小,料掀中小財團爭奪。

地盤面積16萬方呎

元朗流業街與涌業路交通,地盤面積163699方呎,可建樓面約65480方呎。萊坊執行董事及估價及諮詢部主管林浩文指出,近期投地市場氣氛不俗,對市場釋出正面作用,該幅住宅地雖靠近工業區,惟區內近年發展迅速,於土地仍供不應求下,料各大發展商將積極競投,市場估值約3.9億至4.2億,每呎樓面地價約6000至6500元。

有測量師表示,該地皮靠近工業區,加上景觀亦欠理想,而且地皮剪裁亦較複雜,料每呎樓面地價約5500元,估值約3.6億,項目規模及投資金額較小,故對中小型發展商具吸引力。

市場估值3.6

代理表示,項目位置上鄰近港鐵元朗站,屬低密度發展,規模較小,由於投資額及風險較低,故預期該地皮亦會獲不少發展商追捧,包括中小型發展商,以每呎樓面地價約5500元計算,估值約3.6億。

另一測量師表示,地皮位置較為偏遠市中心,交通較為不便,料地皮有機會發展成低密度住宅,地皮銀碼不大。

(星島日報)

 

北環綫3中途站曝光 沿途8盤料受惠

合共涉9萬伙 包括新地多個項目

港鐵 (00066) 最近提交造價620億元的北環綫環評概要,走綫三個中途站位置曝光,周邊預計有8個項目將會受惠,涉及9萬伙,包括新地 (00016) 旗下多個私人項目。

全長10.7公里的北環綫,屬於《鐵路發展策略2014》建議的7個鐵路方案之一,由現有屯門馬綫錦上路站接駁至東鐵綫落馬洲支綫新增的古洞站,形成一個環形鐵路,政府在去年底拍板由港鐵負責詳細規劃及設計。

港鐵近日向環諮會提交北環綫的環評研究概要,據文件指,北環綫總站為錦上路站跟古洞站,總站之間設凹頭、牛潭尾及新田三個中途站,並公開了三個中途站的確實位置。

在粗略統計,在該3個中途站旁邊至少有8個公營或私營發展項目,合共涉及9萬個住宅供應。除了政府早前透露物色到的90公頃土地,涉及7萬伙之外,還有至少5個私人項目,合共約2萬伙。

Park YOHO近凹頭站 呎價看升

當中凹頭站將位於沙埔發展區附近,亦即是新地旗下Park YOHO,項目2016年開始推售,目前實用呎價約1.3萬至1.8萬元左右,相信日後在凹頭站開通之後將會受惠於鐵路發展。

至於新地亦在周邊成功收購了大批農地儲備,當中位於Park YOHO東面的長春新村項目,將會提供3,891伙;而沙埔項目第二期亦會提供約1,154伙。除了住宅外,新地在鄰近的榮基村一帶亦持有一個總樓面約60萬平方呎的商業項目。

新田站位處落馬洲發展樞紐

同時,新田站的石湖圍一帶,新地亦跟置地擁有一個大型項目,早前申請興建多達1.1萬伙的大型屋苑,第一期將會提供約1,900伙,其餘則有待政府新界北研究後落實。

新田站將會在政府主導規劃的「新田/落馬洲發展樞紐」的市中心附近,而該發展區則會提供約3.1萬個住宅供應,以及創科園區。

錦綉花園鄰近的牛潭尾站則會位於橫平山南路附近,周邊除了政府物色發展的棕地群外,九建 (00034) 等亦擁有一個「綜合發展區」項目,將會興建逾150幢低密度住宅,涉及約201伙。

北環綫將分兩階段落實,第一期會在2023年動工增設古洞站,而第二階段錦上路站至古洞站之間的主綫則會在2025年動工,並在2034年落成。

值得注意的是,港鐵在環評概要內提及,會對錦上路站以北的西鐵補償濕地、沙埔沼澤、石湖圍水耕農地等生態敏感地區可能造成影響。

(經濟日報)

 

民生舖消費穩呎價低 投資者垂青

最近民生區屢錄商舖買賣,更有投資者大手購入民生商場,由於民生區消費穩健,加上舖位呎價較低,令長綫投資者感興趣。

近期鄧成波家族頻頻放售物業,個別大樓面舖位獲承接。家族旗下葵涌安蔭及荃灣石圍角商場,兩項目合共以約13億元沽出。兩物業均為民生區商場,葵涌安蔭商場樓高兩層,地下設有街市,總樓面約40,889平方呎;租客包括洗衣店、便利店等民生商戶,出租率約77%,每月租金收入約218.4萬元。

另一項物業為石圍角商場,亦包括街市,總樓面約13.2萬平方呎,現由超市、麥當勞快餐店等租用,出租率約79%,每月租金收入約314.5萬元。值得一提,兩項物業均設有停車場,分別提供355及578個車位,共涉933個。

林子峰:為物業翻新 提升質素

據悉,兩項物業均獲「磁帶大王」陳秉志、資深投資者林子峰等,以約13億元承接。林子峰表示,是次購入商場樓面大,呎價僅約5,000餘元,相當便宜,此外,項目出租率暫約8成,回報率已達5厘,加上未有任何翻新工作,故日後全數租出,租金收入尚有提升空間,項目亦連同數百車位,故投資價值高,他指日後將為物業進行翻新以提升質素。

翻查資料,陳秉志及林子峰過往多年,先後多次向領展購入商場,包括大埔運頭塘商場、將軍澳翠林商場等,合共涉及10多個商場,如今再增購相關物業。過去林子峰購入的商場,多進行車位拆售,如2014年以3.18億元向領展購入屯門兆麟苑商場及車位,於2015年拆售,全數449個車位短時間內沽清,套現約3.42億元,已高於整項物業購入價。

鰂魚涌銀行舖 1.05億沽

除此之外,民生區亦錄單一舖位成交,如鄧成波家族以約1.05億元,沽出鰂魚涌英皇道1065號C舖,面積約3,325平方呎,呎價約3.16萬元。該舖位處民生區兼屬大樓面,物業由銀行租用,月租約30萬元,新買家享約3.4厘租金回報。舖王鄧成波於10年前,以約4,200萬元購入,持貨10年轉手,如今家族帳面賺約6,300萬元離場,升值約1.5倍。

分析指,疫情下民生區舖位租客多為日常所需商戶包括超級市場、便利店、餐廳及家品店等,疫情下生意沒受衝擊,個別生意更轉好,故租金收入非常穩定。由於經濟漸復甦,失業率亦有改善,民生消費料持續穩定,故追求穩健回報的投資者,仍追捧民生舖位。

(經濟日報)

 

5月工廈351買賣 近兩年次高

工廈交投轉理想,資料顯示,5月工廈錄3511宗買賣,為近兩年次高月份。

代理表示,工廈交投一季比一季暢旺,自去年次季以來,已連升4季,料第二季可持續上升並重越千宗水平。根據代理資料所得,2021年5月份全港共錄得351宗工廈物業買賣登記 (數字主要反映2至4星期前工廈市場實際市況),較4月份的382宗減少8%,為連升兩月後輕微回落,但仍為近24個月次高水平。5月份工廈登記總值錄得約32.68億元,按月跌39%,主因4月有較大額的全幢登記拉高基數所致。

觀塘兆富工廈地下 1.8億沽

按物業價格組別作分析,在7個價格組別的工廈買賣登記當中,5月份錄得3跌3升1持平;當中1,000萬至2,000萬元以內的組別所錄的26%跌幅最顯著,登記量由4月的43宗,降至5月的32宗;其次,500萬至1,000萬元以內組別亦跌25%,至88宗登記,反映中細價工廈登記略有回落。至於中高價工廈則逆市錄得升幅,其中銀碼介乎5,000萬至1億元以內的組別,錄6宗,按月大增2倍,而1億元或以上者則持平在4宗。此外,上月10大貴重工廈登記個案中,以觀塘兆富工廠大廈地下全層的1.8億元登記最矚目,其次為柴灣王子工業大廈7樓、11至13樓全層連天台及車位的逾1.27億元登記。

該行定期觀察的10個主要工業區作分析,共錄得5區上升及5區下跌的情況;當中以新蒲崗區的跌幅最大,區內5月份買賣登記共7宗,較4月的12宗減少42%。至於沙田區亦錄40%的跌幅,月內登記32宗。另外,葵涌區續為登記量最多的觀察區,月內錄70宗登記,按月微減1宗。值得注意的是柴灣區月內逆市大升1.5倍至20宗。

代理指出,5月下旬工廈交投再次加快,其後表現亦見穩定,且不乏大銀碼成交,故料落入6月份的登記量值將再次回升,料可錄得介乎380至400宗左右;按此推算,次季工廈買賣登記量肯定可以破千宗,達至逾1,100宗水平,按季料升25%,並且將連升5季,重返2019年次季後的新高。展望第3季,隨着陸續有一手工廈料開始拆售,將可帶動整體市場氣氛,第3季工廈市道可續看俏。

(經濟日報)