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Wong Chuk Hang project is now The Southside


MTR Corporation (0066) named its Wong Chuk Hang Station property development The Southside, which can accommodate 5,200 flats and includes a shopping mall which is expected to open in 2023.

The development, which has a site area of 771,772 sq ft, will be developed in six packages, according to MTRC property director David Tang Chi-fai. Package one of the residential project will hit the market this year.

The tender for package five will close on January 26. The package will provide at least 1,050 homes.

MTRC previously received 37 expressions of interest from developers for Wong Chuk Hang station package five property development. The land premium was reported to be HK$6.4 billion, or HK$10,119 per sq ft.

The developers include CK Asset (1113), Henderson Land Development (0012), Sun Hung Kai Properties (0016), Country Garden (2007) and China Jinmao (0817).

The project's value is estimated at between HK$10.1 billion and HK$12.3 billion. Surveyors put the project's value at HK$10.2 billion - toward the lower end of market expectations.

In 2019, Wong Chuk Hang station package four only attracted six bids from developers after 38 players submitted expressions of interest.

In October 2019, Kerry Properties (0683), Swire Properties (1972) and Sino Land (0083) won the tender for the package four residential project. The trio of local developers was reported to be paying a HK$6.76 billion land premium for the plot, or a gross floor area HK$10,587 per sq ft - the highest of all the first four phases of the project.

Wong Chuk Hang station property development, situated on Aberdeen Inland Lot No 467, is a development located atop the Wong Chuk Hang MTR depot and adjacent to Wong Chuk Hang MTR station.

The shopping mall, which is also named The Southside, comprises about 150 shops, and is expected to be complete in 2023.

The occupancy rate of The Lohas - the first shopping mall at Lohas Park in Tseung Kwan O - has reached 85 percent, Tang said.

(The Standard)

90 Monaco homes sold in a day

Wheelock Properties sold 90 out of 120 units on offer at its Monaco development in Kai Tak yesterday.

The developer had received 2,270 checks for the 120 flats, making the batch 18 times oversubscribed.

The 120 units were offered at an average price of HK$24,216 per sq ft after discounts with the cheapest unit costing HK$6.62 million.

Meanwhile, Nan Fung Group has received about 5,160 checks for 179 units on offer at LP10 in Lohas Park, making the units 27 times oversubsubscribed.

In the secondary market, Tung Chao-yu, uncle of former chief executive Tung Chee-hwa, sold a 2,888-sq-ft unit at Estoril Court at the Mid-Levels for HK$140 million, or HK$48,476 per sq ft, a new high at the estate, according to local media reports.

The seller, who bought the unit at HK$20 million in 1998, will earn a capital gain of HK$120 million.

In the commercial property market, veteran actor Simon Yam Tat-wah and his wife sold an 1,150-sq-ft street shop premise at 11 Ki Lung Street in Prince Edward for HK$35 million, local media reported. They will earn a capital gain of HK$20.62 million after holding the property for 10 years.

In other news, 43 percent of Hongkongers expect home prices to remain stable in the coming year, despite the fourth wave of the Covid-19 pandemic, according to a survey by Citibank Hong Kong.

The survey was conducted among 500 respondents by phone last month.

(The Standard)

 

Hong Kong homebuyers defy broken economy, surging unemployment, snapping up flats at Wheelock’s Monaco project in Kai Tak

The second round of sales at the development saw almost all of the 133 units on offer taken within a few hours

The buoyant sales will have surprised many analysts concerns that sky-high unemployment might undermine demand for residential property

Enthusiastic homebuyers defied concerns that Hong Kong’s sky-high unemployment rate and economic malaise might undermine demand by snapping up new flats offered by Wheelock Properties at its Monaco project on Thursday.

The second round of sales at the development in Kai Tak saw almost all of the 133 units taken within five hours. All 13 flats offered by tender and all but three of the 120 on an open price list had been sold as of 9pm, Wheelock said.

The tendered units received 31 bids, at prices ranging from HK$24,787 to HK$27,822 per square foot, generating HK$257.48 million in proceeds.

It followed a successful first round of sales on Sunday, at which all 145 units sold in less than six hours.

The buoyant sales will have come as a pleasant surprise to many analysts, who expected demand to be severely dampened by an economy devastated by the coronavirus and last year’s protest movement.

In addition to unemployment at a 16-year high, many people have taken pay cuts or unpaid leave, denting their purchasing power, surveyor said.

“Businesses are doing poorly, which affects the income of many in the upper-middle income level and reduces interest among the middle class to buy and change properties,” the surveyor said. He expects a 5 per cent decline in house prices in 2021.

Property agent said that the rising jobless rate was unlikely to impact property sales.

“Unemployment is concentrated in a few sectors, such as catering, tourism, hospitality and retail. But other professions such as those in real estate, finance, IT, professionals and civil servants have a lower jobless rate. They are supporting the housing market,” the agent said.

“Also because of the low-interest environment and a weakening currency from money printing, we have seen some buyers getting quicker in purchasing properties.”

In a Citibank survey of 500 randomly chosen respondents conducted in December, 43 per cent of them expected property prices to stay flat this year. Respondents with a bearish view of housing prices dropped from 43 per cent in the third quarter of 2020 to 36 per cent in the last quarter.

Wheelock’s managing director Ricky Wong Kwong-yiu said the developer had decided to increase the prices for the second round by 7.7 per cent to HK$24,409 per square foot from HK$22,669 in the first round after discounts.

Wheelock had received nearly 2,270 cheques for the 120 Monaco units sold on the open price list, disappointing nine in ten potential buyers, it said in a statement on Wednesday.

The batch was priced from HK$22,348 to HK$26,396 per square foot after discounts. Nineteen three-bedroom flats were sold out within 30 minutes.

The units’ saleable area ranged from 280 square feet for studios to 727 square feet for apartments with three bedrooms and an ensuite.

The 13 tendered units all measured 762 sq ft and went for an average of HK$25,992 per sq ft. One of them, unit 37A in Tower 2A, became the most expensive Monaco unit sold to date, at HK$21.2 million.

Wheelock said it may raise prices for future sales by 5 per cent because of the strong sales on Thursday.

Separately, Nam Fung Group will begin to sell 179 units of LP10, the 10th phase of the Lohas Park housing project in Tseung Kwan O on Saturday morning. The development has 893 flats in total. The average price for the entire batch will be HK$15,888 per square foot after a discount of 20.5 per cent. The residential development, which will be Hong Kong’s largest upon completion, is jointly developed by Nam Fung and the MTR Corporation.

(South China Morning Post)

 

甲廈空置率9.9% 創11年新高

有代理報告指,全港整體甲廈空置率在第四季攀升至9.9%,為2009年第二季以來最高。

代理指,隨着第4波疫情惡化及更嚴謹防疫措施的實施,甲廈租賃活動在2020年第四季進一步減弱。整體甲級寫字樓市場全年淨吸納量錄得負220萬平方呎,為有紀錄以來最大收縮。所有主要分區市場均錄得負淨吸納量,而大中環區錄得最顯著收縮,達負84萬平方呎。至於全港整體甲廈空置率在第四季攀升至9.9%,為2009年第二季以來最高。截至2020年底,市場共有800萬平方呎的空置寫字樓面積,是1999年12月以來最高紀錄。另外,尖沙咀寫字樓空置率錄得全年最大升幅,爬升4.6個百分點至年尾的9.2%,而大中環區空置率則由年初的3.4%升至2020年尾的7.3%。

灣仔銅鑼灣跌幅最大 達2

去年第四季整體甲級寫字樓租金按季下跌4個百分點,帶動全年整體租金按年下跌17.4%。在各核心區中,灣仔及銅鑼灣租金在2020年跌幅最大,達20.1%,而中環租金則下跌19.9%,尖沙咀租金下跌17.6%。港島東表現相對最好,租金跌幅比較溫和,全年下跌8.3%。

對於今年展望,該代理行預計跨國企業將在2021年對整體成本控制保持謹慎態度,擴張需求保持疲弱。近期在香港上市的公司將會帶動寫字樓需求,成為2021年下半年改善租賃市場氣氛的動力。若果疫情已受控並且跨境出行的限制取消,中國內地企業有可能在今年變得更加活躍。不過,空置率高企仍會進一步增加各個分區市場的租金壓力。世邦魏理仕預計各核心區的甲級寫字樓租金將在2021年再下跌5%。

代理表示,在2021年上半年,寫字樓租金仍可能受壓,業主仍然面對空置率上升,以及對新公司及擴展需求有限的挑戰。

資本市場集資活動持續活躍,來自中國內地企業的需求將有機會帶動寫字樓租賃市場。然而,這將視乎跨境人口流動能否全面恢復。

(經濟日報)

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呎價低回報高 投資者捧大樓面舖

商舖市場略為反彈,近期大手舖位成交增多,且集中於逾萬呎樓面舖,因呎價相對便宜,回報率高,吸引投資者承接。

最近市場錄數宗大額成交,均涉及大樓面舖位。如天水圍天瑞路88號俊宏軒1樓101至102號舖,面積約9,296平方呎,以約1.05億元沽出,呎價約1.1萬元。該舖由百佳超市以每月約48萬元租用,回報率約5.5厘。舖位由佳寶超市持有,於2013年以9,200萬元向宏安買入,近期於市場放售。舖位最初叫價約1.9億元,如今減價45%,以約1.05億元售出,佳寶持貨7年轉手,帳面獲利約1,300萬元,升值約14%。

佳寶近期頻頻沽貨,該集團剛以約2.05億元,沽出大圍積存街60至68號老人院舖位全幢。該項目佔地約3,000平方呎,樓高5層,全幢面積約18,108平方呎,以2.05億元成交價計,呎價約1.1萬元。物業由老人院以每月78萬元租用,回報率約4.6厘。佳寶於2018年5月以2億元購入舖位,持貨3年轉手僅平手離場。該集團近來突然連環沽貨,單計近1個月,先後沽出九龍城、天水圍及大圍,合共3大巨舖,合共套現約4.35億元。

波叔連沽西貢灣仔舖

另外,舖王波叔亦一口氣沽出2個大樓面舖,其中西貢花園地下入口及1樓舖位,面積約28,439平方呎,以約4億元成交,呎價約1.4萬元。舖位曾由惠康超市租用,及後被百佳超市以176萬元搶租,以4億元成交價計,回報率高見5.3厘。舖位原由舖王鄧成波持有,他於2017年斥4.38億元,以公司股份轉讓形式向投資者李耀華購入,近期於市場放售,多番減價下,終以約4億元沽出。持貨4年轉手,蝕約3,800萬元離場,幅度約9%。另外,他亦以以1.15億元,沽出灣仔道177至179號地下及1樓,面積合共約11,900平方呎老人院舖位,買家為投資者湯君明。

超市老人院 租金收入穩定

分析指,疫情下整體舖位價格回調,漸吸引投資者留意,加上政府撤辣,推動投資者加快入市,整體商舖買賣交投量近期回升。事實上,目前疫情持續,商舖市場仍有不明朗因素,投資者向大樓面舖位埋手。近日成交的大樓面舖,涉及超市、老人院等,多為民生行業,租金收入穩定,而回報率多達4至5厘以上,防守性高,加上呎價較低,故吸引資金流入,料低息環下,高回報率舖位仍有一定捧場客。

(經濟日報)

 

永倫3.68億購尖區全幢

市區舊樓頻錄財團出手併購,其中,尖沙嘴金馬倫道6號全幢,於上月獲永倫集團以3.68億購入,該集團分別於19年及2007年相繼購入毗鄰全幢物業,料有機會合併發展。

原業主通利琴行

據土地註冊處資料,尖沙嘴金馬倫道6號全幢,獲WINLAND TST LIMITED於上月以3.68億購入,公司董事為倫耀基及許潔慧,即永倫集團人士,若以項目總樓面約7000方呎計,每呎樓面地價約5.25萬。

原業主為通利琴行李氏家族,早於92年以STONEHENGE LIMITED名義購入,作價4632.2萬,目前帳面獲利逾3216萬。此外,該物業於19年曾作內部轉讓,並由SHANGHAI VANGUARD LIMITED持有。

持有毗鄰兩物業

而永倫於19年以2.98億,購入毗鄰的金馬倫道6A號,全幢樓高5層,佔地約1000方呎,1至4樓約700方呎,總面積約3800方呎。2007年11月,永倫亦購入金馬倫道2至4A號利達行全幢,作價約8.8億,平均呎價約1.46萬。

(星島日報)

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鄧成波5380萬售沙咀道鋪本月以來五度沽貨

受疫情衝擊,「鋪王」鄧成波連環沽貨減磅,本月前後五度沽貨,繼售出灣仔、荃灣、西貢及深水埗鋪位後,最新沽出荃灣沙咀道地鋪,作價約5380萬,平均呎價約6.7萬。

土地註冊處資料顯示,上述沙咀道260至276號廣發大廈地下7號鋪,於本月13日以5380萬易手,原業主美奇實業有限公司,董事鄧成波及兒子鄧耀邦。新買家麗盈有限公司,董事包括陳慧楣及黎耀強。根據土地註冊處資料顯示,上述鋪位曾於去年12月,抵押予六福集團太子女黃蘭詩 (WONG LAN SZE NANCY) 借取貸款,惟於今年1月已清還貸款。

平均每呎6.7

有代理指,該鋪位面積800方呎,連閣樓500方呎,合共1300方呎,以成交價計算,平均呎價6.725萬,該位由雞仔嘜承租,鄧成波於去年4月,斥資8000萬向雞仔嘜購入荃灣沙咀道、油麻地上海街及長沙灣青山道3個鋪位,並由雞仔嘜售後租回,隨着荃灣鋪率先沽售,現時尚持有長沙灣及油麻地鋪,市值逾4000萬,料若悉數沽售,可望獲利。

連閣樓共1300

鄧成波於今年以來,先後5度沽貨,套現接近6.4億,其中最大宗為西貢親民街巨鋪,以4億易手,持貨約8年,帳面虧損3800萬。

代理表示,灣仔軒尼詩道38至46號地下40號鋪連入則閣,地鋪面積約700方呎,閣樓約500方呎,意向價約3000萬;業主原於去年中叫價約3880萬,是次減價約22%,該鋪位由西醫診所租用長達17年,最新續租至2022年9月,月租約5.6萬。

(星島日報)

 

新地西九高鐵站建2商廈料獲批

新地 (00016) 於去年9月就尖沙咀廣深港高鐵香港段西九龍總站上蓋商業項目向城規會提交新發展方案,由2010年獲批的3幢波浪形商廈建議改為興建2幢鑽石形地標建築物,把約28.63萬方呎寫字樓樓面改為零售用途,令商場樓面增約90.5%,至約60.28萬方呎。項目今天提交城規會審議,規劃署不反對有關申請,意味方案可順利獲通過。

零售樓面增九成 城規今審議

據城規會文件顯示的最新發展方案,總樓面維持約316.46萬方呎,惟整體布局大變身,改為興建2幢20至30層 (另設2層地庫) 的鑽石形建築,把已獲批方案的寫字樓樓面減少約28.63萬方呎,至約256.18萬方呎;減少的樓面撥作零售用途,令零售樓面大增逾90.5%,至約60.28萬方呎。新方案下建築物高度達主水平基準以上114至159米,較大綱圖上准許的90至115米,高約26.7%至38.3%。

規劃署諮詢相關政府部門意見後,認為該項目的發展密度、交通和環境影響等符合相關部門要求,故不反對有關申請。

另一方面,新冠肺炎疫情下旅客絕跡,儘管酒店業受重創,惟寶聲集團或有關人士去年7月向城規會申請,就深水埗荔枝角道396號1幢6層高舊樓,把大部分樓面改建為小型酒店,該廈1樓至5樓連地面層部分位置涉及總樓面約4857方呎,擬提供不多於16個客房。規劃署不反對有關申請。

(信報)

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黃竹坑站51萬呎商場年內招租

港鐵 (00066) 香港仔黃竹坑站一帶的發展漸趨成熟,港鐵宣布把整個黃竹坑站物業發展項目命名為「港島南岸 (THE SOUTHSIDE)」,其中總樓面面積約51萬方呎的上蓋商場,亦以「THE SOUTHSIDE」命名,預計2023年開幕,將成為南區最大規模的商場。港鐵指出,THE SOUTHSIDE將以照顧南區居民生活所需為主要考慮因素,已接獲部分零售商的租務查詢,預計今年底前開始招租工作。

項目命名港島南岸

港島南岸總佔地約7.17公頃,港鐵物業及澳洲業務總監鄧智輝指出,港島南岸項目已籌備多年,由約5200個住宅單位和總樓面面積約51萬方呎的THE SOUTHSIDE組成,連同各項社區配套設施,冀全面照顧港島南區逾27萬居民的衣食住行需要,並與政府建議的「躍動港島南」計劃產生協同效應。

港島南岸的住宅部分由6期組成,其中約3400伙已於2017年至2019年分4個期數批出,第五期正在招標,設有約1050伙,將於下周二 (26日) 截標;而提供約750戶的第六期,將於本季登場。

至於預計2023年開業的THE SOUTHSIDE,商場樓面分布於5層,提供約150個舖位,並有約235個停車場車位,鄧智輝期望該商場今年底前開始招租。

港鐵投資物業總理陳宛冰說,該商場可望服務區內居民的各種需要,正聽取顧客意見,同系其他商場亦有部分租戶已就THE SOUTHSIDE的舖位,向港鐵表達意向和作出查詢。

THE SOUTHSIDE料2023開幕

新冠肺炎疫情困擾全球逾一年,鄧智輝指出,港鐵去年2月起已因應旗下零售租戶的情況提供支援,尤其對中小型企業的力度較大,期望疫情盡快過去;惟若疫情持續,協助租戶的方向未會改變。

鄧智輝強調,港鐵旗下物業出租率處於高水平,大部分飲食業和生活用品的商戶傾向續租,租務上未見有很大壓力。至於去年8月起陸續開幕的將軍澳日出康城商場THE LOHAS康城,現時出租率已逾85%。

疫情下多個新盤銷情仍理想,鄧智輝認為,市場對置業的需求持續,買家關注樓盤的定價和位置等因素,例如去年推出的沙田大圍站上蓋物業發展項目柏傲莊和日出康城住宅項目等,銷情均理想。他指出,旗下日出康城LP10將於周六(23日)首輪銷售,該樓盤定價合理,位置理想;港島南岸第1期正待批預售樓花同意書,期望今年內開售。

(信報)

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