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Property gloom eases a little bit


Goldman Sachs expects property prices to drop by just 10 percent this year, following an earlier projection of 15 percent, and sees a 4 percent annual rise over the next two years after Hong Kong interbank offered rates declined yesterday.

It said prices and transaction volume of residential properties fell by 15 percent and 37 percent, respectively, last year.

Property stocks have rebounded by 34 percent since the end of October, but they still lag the 47 percent overall market rebound.

Goldman's update came as New World Development's (0017) NCB Innovation Centre in west Kowloon sold seven units for over HK$125 million.

One buyer paid just over HK$63 million for three of the units. The units have areas ranging from 790 to 2,000 square feet, with an average price of HK$15,000 psf.

Henderson Land's (0012) Square Mile in Mong Kok has sold 1,654 units so far, cashing in over HK$10 billion. The Quinn Square Mile recorded 10 deals this week, bringing in HK$58.84 million.

An old Central building is also up for a compulsory sale with a HK$214.6 million valuation. The four-story building has a site area of 4,917 sq ft that can be rebuilt into a building with 49,170 sq ft based on a 10-times plot ratio.

Two luxury projects in Kowloon Tong, owned by former Road King Infrastructure (1098) chief William Zen Wei-pao, will each put one unit up for auction next month.

One unit at La Villa De La Salle will be sold with a base price of HK$438 million, 16 percent down from a past reserve price.

The mortgage-related one-month HIBOR dropped 15 basis points to 3.023 percent.

The composite interest rate, a measure of the average cost of funds of banks, rose by 38 basis points to 2.11 percent last month from November.

China CITIC Bank International expects the prime rate to rise by 50 to 75 basis points and peak in the first half.

That came after the Federal Reserve signaled Wednesday more interest rate hikes, with several policymakers supporting a top rate of at least 5 percent even as inflation shows signs of having peaked and economic activity is slowing.

"The yuan is more likely to go to 6.5 than to seven within the next three to six months," said Charles Feng, head of macro trading for Greater China & North Asia at Standard Chartered in Hong Kong.

(The Standard)

For more information of Office for Sale at NCB Innovation Centre please visit: Office for Sale at NCB Innovation Centre

For more information of Grade A Office for Sale in Cheung Sha Wan please visit: Grade A Office for Sale in Cheung Sha Wan

 

Hong Kong developers likely to offer incentives to lure buyers as they brace for glut of new units in 2023, property agency said

About 45,000 new flats are likely to become available this year, property agency said, roughly four times the number that sold in 2022

In an effort to offload them, developers may offer incentives such as attractive mortgage plans, says the property agency

Hong Kong developers are likely to roll out incentives to lure buyers after a dismal year that saw home sales – both new and second-hand – plunge to a record low, according to a property agency.

With unsold stock of between 16,000 and 18,000 units currently, and new supply in the pipeline, about 45,000 new flats are likely to become available this year, the property consultancy said in its latest report.

That is about four times more flats than were sold in the whole of last year.

“After record-low primary residential transactions of 10,315 units in 2022, we believe developers will be under pressure to push their units for sale this year,” the agency said. “To attract property buyers, we anticipate developers will adopt a more aggressive approach by rolling out various incentives strategically, including progressive payment mortgages and attractive mortgage plans.”

One approach developers may use is keeping prices the same but offering sweeteners such as agency fee rebates, the agency said.

The first weekend property sale of the year saw Henderson Land offering 108 units in the third phase of its One Innovale development in Fanling, New Territories. Units were priced at an average of about HK$14,560 (US$1,861) per square foot, “after discounts”, slightly lower than the HK$14,618 average price when the project launched in August.

Still, Hong Kong’s residential property market may be “in the middle of a turning point”, with the reopening of borders with mainland China and the rest of the world boosting optimism among both homebuyers and sellers, the agency added.

“With the reopening of the Hong Kong-mainland China border, Hong Kong’s economy is likely to turn around after contracting in 2022, together with a possible uplift in employment this year,” the agency said.

“Coupled with the anticipation of milder rate hikes, and therefore a more stabilised interest rate, we [foresee] a reversal in market sentiment. Residential buyers will turn more bullish, while sellers are unlikely to dispose of their units at a price cut.”

In the first 11 months of 2022, lived-in home prices fell by 13.8 per cent. From a peak of 398.1 in September 2021, the lived-in home price index data compiled by the Rating and Valuation Department is down by 14.75 per cent.

Only about 9,000 new homes were sold last year, according to another agency, about half the typical 16,000 to 17,000 units sold in a year.

But 2023 is off to a reasonable start and looks promising for developers, according to an agent.

“In the first 17 days of the year there have already been 294 new residential units sold, and the value is about 20 per cent higher at HK$4.7 billion (US$600 million) in January from HK$3.9 billion in December,” the agent said.

“Last year was bad for home transactions so if developers wanted to cut prices, they would have already done so. I think they’re just waiting for the right time to release their stock.”

New home sales this year are likely to rebound from a nine-year low of around 10,000 in 2022 and return to about 18,000 units, according to another property agency.

“Looking forward to 2023, the developers will speed up the launch of projects, which will drive the rebound,” the agency said in a statement.

However, higher interest rates could put the brakes on a full recovery, according to a report by Oxford Economics.

“We stay cautious about the pace of Hong Kong’s housing market recovery, with mortgage rates staying at elevated levels,” it said.

“Plus, the ongoing Covid surge in mainland China, if prolonged, could stymie any reopening tailwinds, dragging on Hong Kong’s short-term economic outlook and market sentiment.”

(South China Morning Post)

 

中國旅游集團擲34億購君怡酒店

當兩地通關,復常之路漸近時,核心區酒店備受注目,本報獲悉,放售多時的尖沙嘴君怡酒店 (見圖),終於覓得新主,由中旅酒店以約三十四億承接,成為疫市以來最大宗酒店交易。

尖沙嘴金巴利道28號君怡酒店,曾一度淪為銀主盤,及後由債權人之一中國信達承接,近年來透過不同渠道,包括交由代理、拍賣形式出售物業,知情人士透露,物業最新由中國旅游集團酒店控股 (簡稱:中旅酒店) 承接,作價約三十四億,中旅酒店為央企於港設立的公司,經營眾多旅遊業務,包括旅行社及旅遊車,同時,亦持有銅鑼灣維景酒店、旺角維景酒店以及灣仔睿景酒店。

據消息人士指,該宗交易透過買賣公司形式進行,持有君怡酒店的悅明控股有限公司,最新委任中旅酒店總經理凡東升出任董事,身為中國信達資產管理業務處處長唐倫飛則已辭任董事。

疫市最大宗 每間房作價628

據市場代理透露,以該酒店作價約三十四億、總樓面二十七萬八千六百方呎計算,呎價約一萬二千二百元,若以約五百四十六個房間計算,每個房間約六百二十八萬,屬於「疫市價」,該酒店雖然缺乏重建價值,不過,以每呎一萬多元,在核心區尖沙嘴購入酒店,相信是旺市時不能發生。

君怡酒店原由商人劉希泳持有,劉於一七年三月在內地離奇死亡,隨後,君怡酒店淪為銀主盤被接管,於一九年以意向價六十億放售,最終由債權人之一的中國信達,於該年十月份以四十二億九千五百七十萬承接物業,若計及當時高達百分之八點二五的釐印費,成本高達四十六億五千萬,意味今番出售,帳面蝕逾十二億。

過去兩年市場錄得十五宗酒店成交,為多年來最旺,不過,上述為最大宗成交,更是唯一的核心區酒店,金額第二大為觀塘悅品海景酒店,作價二十四億七千萬。

(星島日報)

 

九建柯氏家族申強拍中環舊樓

港島區住宅新供應罕有,不少財團透過強拍途徑增加土儲,今年錄得首宗強拍申請;由九建柯氏家族相關人士收購多年的中環歌賦街35至39A號舊樓,最新向該處提出強拍申請,以統一業權發展,目前持有約80%業權,整個項目市場估值逾2.146億。

市場估值逾2.14

該項目現址為一幢樓高4層的商住舊樓,地下為商鋪,樓上為住宅樓層,該舊樓早於1958年落成入伙,至今樓齡約65年。地盤面積約4917方呎,若以重建地積比10倍重建發展,可建總樓面約49170方呎。

另外,早年已申請強拍的深水埗海壇街227B至227C號,有小業主向該處提出逾期上訴許可的申請,最新該處頒下判決令並駁回申請。法官指,上訴並沒有法律論點上有錯誤的支持。

(星島日報)

 

新世界沽長沙灣甲廈7單位

隨着與內地通關,香港邁向復常,工商物業受捧,新世界長沙灣全新甲廈南商金融創新中心最近連沽7伙,涉資逾1.25億,其中有用家大手掃入3伙,平均呎價1.5萬。

套現逾1.25

上述大手成交單位位處高層,成交價逾6300萬,單位面積介乎約790至近2000方呎,平均呎價達1.5萬,為近期長沙灣區內高價成交。其餘售出單位則位處低層,成交價約1453萬至約1680萬,平均呎價近1.3萬。項目至今累售近8成樓面面積,買家包括金融機構、高等院校、上市公司及其他專業服務機構。

南商金融創新中心位於荔枝角道888號,鄰近港鐵荔枝角站,距離西九龍高鐵站僅8分鐘車程,前往港珠澳大橋約26分鐘車程,30分鐘車程便可抵機場及深圳灣公路大橋。

(星島日報)

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灣仔卓凌中心全層3443萬售

踏入新年後,資深投資者羅守輝旗下TOYOMALL,沽貨步伐未有放緩,近期大手沽售大角嘴商場外,旗下商廈及鋪位亦相繼出售,最新為灣仔卓凌中心另一個全層單位,以3443萬易手,15年間升值76%。

TOYOMALL持貨15年升76%

市場消息透露,灣仔卓凌中心18樓全層,建築面積約3443方呎,以每呎約10000元易手,涉資3443萬,羅守輝於2008年6月以1953萬購入上址,持貨15年,帳面獲利1490萬,物業升值76%。

TOYOMALL早前沽出該廈7樓及8樓全層,每層建築面積約3443方呎,成交價同樣為3443萬。

該集團近期沽出大角嘴海桃灣「西九匯」,由陽光房地產基金以7.48億承接。

(星島日報)

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外資代理行:空置率高企 甲廈租金按年跌3.7%

有外資代理行發表香港地產市場報告中指,受新落成樓面影響,12月底整體甲廈空置率升至12.1%,不過,內地通關將為甲廈市場帶來正面影響,今年下半年租賃趨顯著。

上月錄11.69萬呎負淨吸納量

年底租賃活動有限,整體甲廈在去年12月錄11.69萬方呎負淨吸納量。同時,非核心商業區新供應推高整體空置率,九龍東空置率升至19.5%,中環及灣仔 (銅鑼灣) 空置率分別微升至8.8%及10.2%。去年12月整體租金按月跌0.4%。中環和灣仔 (銅鑼灣) 分別跌0.5%和0.4%,整體市場租金2022全年合共跌3.7%。

該行代理表示,內地通關為香港經濟帶來正面影響,大部分企業今年將受惠。隨着時間推移,來自內地的企業將在港擴充或開設辦公室,預期對甲廈市場正面影響,將於下半年趨顯著。

本地代理行:工廈錄115宗註冊跌5.7%

有本地代理行綜合土地註冊處資料顯示,12月工廈註冊量錄115宗,按月跌5.7%,與過去三個月相比,跌勢放緩,金額錄17.63億,按月升50.1%。總結2022年,受第五波疫情和加息等因素拖累,工廈共錄2504宗成交,金額267.36億,按年分別跌34.4%及37.4%。

該行預期,市場上「聰明錢」看好中港防疫放寬而入市,物業投資市場築底,惟通脹及外圍經濟走向仍左右反彈勢頭。

(星島日報)

 

商廈交投增 中資加快入市

通關後投資市場稍轉好,而商廈買賣增加,當中不乏中資入市個案,料農曆年後投資市場進一步向好。

去年12月份整體工商舖市場走勢量升價跌,根據一間本地代理行資料,上月市場共錄得約230宗工商舖買賣成交,按月輕微上升約1.32%,對比2021年12月則大跌約57.56%。總成交金額則錄得約30.2億元,較上月減少約26.50%,按年則遞減約65.73%,所得金額為2022年按月新低,亦是自2020年2月份後新低。當中以舖位跌幅較為明顯,相信是由於市場仍在觀望通關所帶來的影響,12月份商舖買賣宗數較前月微跌約5.33%,共有71宗,總金額約14.29億元,按月下跌約34.14%。

資料顯示,12月份僅錄24宗商廈買賣,與11月份一樣,仍維持極低數字,而較21年同期的52宗跌逾半。

內企1.88億購海富中心全層

踏入1月份,通關明朗化,商廈買賣明顯加快,當中不乏中資入市。金海富中心二座15樓全層以約1.88億元沽出,按面積約10,627平方呎計,呎價約1.77萬元,仍屬低市價成交。據了解,新買家為內企信義玻璃,購入樓面或自用。翻查資料,該層樓面原業主為上市公司,於2017年以約3.18億元買入物業作總部,不過該公司早前被停牌,並於去年3月初被清盤,上述物業及後成為銀主盤。以約1.88億元成交價計,該物業在過去6年期間帳面貶值約1.3億元,跌幅約40%。

另外,上環永樂街148號南和行大廈22樓全層,面積約4,928平方呎,由內企華魯集團以約5,700萬元承接,平均每呎約11,567元。據悉,集團總部設於灣仔會展廣場辦公大樓,現購入上址作自用,該機構主要經營進出口貿易。南和行大廈22樓全層原業主於2010年以約2,266.88萬元購入,持貨13年,帳面獲利約3,433.12萬元,升值逾1.51倍。

康宏廣場1周兩買賣

至於尖東商廈,更是連錄成交,尖東康宏廣場一星期錄得兩宗買賣,涉及高層12至13室,面積約2,043平方呎,以約2,700萬元成交,呎價約13,216元。另同廈高層09室,面積約1,213平方呎,以約1,800萬元成交,呎價約1.48萬元,單位以交吉交易。

另有代理表示,尖沙咀東麼地道62號尖東永安廣場錄銀主盤成交。物業面積約1,200平方呎,以約2,200萬售出,平均每平方呎約1.83萬元。物業獲逾6個準買家出價,最後由實力投資者成功投得,趁通關之際搶先入市。

分析指,隨着中港已通關,商業活動將加快,而過往因封關未能來港開業的中資機構,現可重新部署,入市購樓面自用。因整體投資氣氛轉好,亦加快甲廈投資資入市步伐,相信農曆年後,整體商廈買賣成交顯著上升。

(經濟日報)

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力寶中心全層 5億放售

核心區全層甲廈放盤罕有,現業主放售金鐘力寶中心高層全層,叫價約5億元。

有代理表示,有業主放售金鐘金鐘道89號力寶中心二座30樓全層,建築面積約15,750平方呎。物業為罕有高層全層寫字樓,面向維港海景,香港公園及半山。意向價為5.04億元,呎價為3.2萬元。

該代理指,東鐵綫過海段於上年通車,使金鐘站搖身一變成為4綫滙聚的超級轉車站。當中來往紅磡站至金鐘站的乘車時間亦由19分鐘大幅縮減至7分鐘,使前往九龍及新界等地更加方便快捷。加上興建中的 The Henderson長江集團中心二期及金鐘廊及高等法院等重建項目計劃,勢將為金鐘帶來全新面貌。

中層單位上月呎價2.8萬沽

最新上月有資深投資者以6,550萬港元,沽出中層單位,面積約2,270平方呎,呎價為28,855元,較原業主於1年半前的購入價升近13%。

(經濟日報)

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