The number of residential homes completed in January jumped 82.6 times monthly, data from the Buildings Department showed.

A total of 3,595 homes in seven projects were completed - a 24-month high. Compared to the same period last year, it increased by 13 percent - almost the highest in 23 years.

The number of completed homes accounted for 16.1 percent of the Rating and Valuation Department's estimate of total completions this year. Among the seven, Novo Land in Tuen Mun has 1,658 flats and University Hill in Tai Po Kau has 1,295 flats.

By district, the New Territories had 82 percent of completed homes, followed by Kowloon and Hong Kong Island.

Two projects commenced in January involving 357 units - 88 percent lower than the previous month - but "a five-year high" for the same period, a property agent said.

(The Standard)

Henderson to launch 7,100 new homes this year, saying market has ‘bottomed out’ and ‘stabilised’

The developer of Belgravia Place residential project says it will launch 7,100 new units this year, 7 per cent fewer than the 7,655 units offered in 2023

The company behind The Henderson office tower in Central reported a flat underlying profit of US$1.2 billion for last year

Henderson Land Development, one of Hong Kong’s biggest developers, said it will launch some 7,100 new residential units this year, 7 per cent fewer than last year, after reporting a flat annual profit.

The developer, founded by Hong Kong’s second-wealthiest man, Lee Shau-kee, is confident the city’s property market is on the mend following the removal of all property cooling measures last month, according to a filing to the Hong Kong stock exchange on Thursday.

Underlying profit attributable to shareholders grew by a marginal 0.8 per cent to HK$9.7 billion (US$1.2 billion) in 2023.

Hong Kong’s property market has “bottomed out” and “stabilised”, boosting transaction volumes in the past three weeks, chairmen Lee Ka Kit and Lee Ka Shing said in the statement.

“If the US Federal Reserve cuts interest rates in the second half of this year as expected, it will boost Hong Kong’s economy,” the statement said.

Financial Secretary Paul Chan Mo-po scrapped all cooling measures restricting property transactions in his budget on February 28 with the aim of restoring the city’s flagging fiscal health, and addressing mounting calls from the property and business sectors to ditch the decade-old measures.

The scrapped measures include the Buyer’s Stamp Duty that targeted non-permanent residents and a New Residential Stamp Duty for second-time purchasers. Homeowners also no longer need to pay a Special Stamp Duty if they sell their homes within two years.

The Hong Kong Mortgage Authority followed suit with its own easing measures. Homes valued at less than HK$30 million are now eligible for 70 per cent mortgage financing, compared with the previous cap of 60 per cent for flats valued between HK$15 million and HK$30 million.

“Both initiatives were conducive to the purchase of new and replacement homes for local residents and encouraged mainland talent and professionals to work and buy their own homes in Hong Kong,” the chairmen said.

Henderson’s bullish outlook bucks the largely gloomy picture painted by many developers, which have warned continued uncertainty will impact the city’s property market.

In the three weeks after the curbs were lifted, the developer has sold 946 homes worth a total of about HK$5.9 billion.

Henderson’s Belgravia Place, the first major residential project to go on sale on March 3 after the government removed the property curbs, was an instant hit with buyers. The developer sold all 138 units available in the first round of sales within four hours. The second batch of 208 flats launched on March 7 was also a sell-out.

Besides Belgravia Place in Cheung Sha Wan, the group plans to launch 12 other residential projects this year or 3.1 million square feet of gross floor area, comprising about 7,100 units. Last year, Henderson sought to sell 7,655 homes.

In January, the developer completed The Henderson, a 465,000 sq ft prime office building in Central. More than 50 per cent of the space in the tower has been leased, according to the filing.

Henderson has proposed a dividend of HK$1.30 per share.

(South China Morning Post)

For more information of Office for Lease at The Henderson please visit: Office for Lease at The Henderson

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

屯門限呎地批建12幢住宅群 長實獨資持有總樓面逾132萬呎

今年初有多個項目獲批圖則，屋宇署昨公布，今年1月共批出20份建築圖則，包括13項住宅及商住發展、4項商業發展，以及3項社區服務發展。最矚目為長實屯門限呎地，獲批建12幢樓高16至21層的住宅群，部分另有1至2層地庫，涉及可建總樓面約132.12萬方呎。

上述地皮位於屯門青山公路—大欖段 (屯門市地段第561號)，預計提供2020伙，該地皮是政府為回應市民「住大啲」訴求、首幅賣地表地皮加入最低單位面積不少於280方呎限制。長實於2022年10月以46.01億投得，當時每方呎樓面地價約3522元。

牽引配電站准建5幢住宅

華懋與港鐵合作發展的東涌牽引配電站項目，獲批建5幢47層高、另有5層平台的分層住宅，可建樓面約92.54萬方呎，另有11.8萬方呎非住宅樓面。項目採組裝合成法 (MiC) 興建。

西營盤批建商住項目

華懋2020年投得的東涌第57區 (東涌市地段第45號) 商業地，亦獲准建1幢19層數據中心，另有1幢樓高27層、另有3層地庫及1層平台的商廈，可建總樓面約126.13萬方呎。

期內亦有多個併購項目獲批則，會德豐地產透過強拍途徑收購的西營盤朝光街21至24號與荔安里3及13號項目，則獲批建1幢樓高24層，另有1層地下低層的商住大廈，住宅可建總樓面約5.96萬方呎，另有4828方呎非住宅樓面。

嘉華國際併購的英皇道31至33號，最新批建1幢26層高商住項目，住宅部分可建總樓面約3.7萬方呎，另有2673方呎非住宅樓面。嘉華國際於去年7月以4.68億向有「越南朱」之稱的朱立基購入。

財團持有的北角繼園街56至76號獲批建1幢31層高，另有2層地庫的分層住宅，可建總樓面約22.19萬方呎。

同時亦有豪宅項目獲批圖則，山頂中峽道5號亦獲批建1幢3層高洋房，可建總樓面約6541方呎。而九龍塘喇沙利道39號，則批建1幢3層高另有1層地庫的洋房，總樓面約17595方呎。

(星島日報)

九龍城全幢商住樓3700萬易手

曾由鄧成波家族持有的九龍聯合道全幢商住樓，早前淪為銀主盤，由接管人推出放售，最新該全幢以3700萬易手，買家為內地客。

九龍城聯合道25號全幢 (嘉林邊道單邊)，佔地1400方呎，現址地下3個舖位，1至4樓為4個住宅，總面積約4834方呎，近日以3700萬易手，平均呎價7654元，目前月租約8萬，料回報約2.6厘。

曾由鄧成波家族持有

市場消息指，新買家為內地客，看中該物業進可攻，退可守，作為長線收租，一邊博收購，或主動出擊收購毗鄰物業重建。

該物業與毗鄰聯合道23號，分享同一個樓梯入口，亦與嘉林邊道48及50號，以至52及54號合組一幢大廈，全幢大廈佔地約8000方呎，極具重建價值。

內地客承接 每呎7654元

該全幢位處九龍城，毗鄰九龍塘豪宅地段，嘉林邊道為一條寧靜街道，豪宅林立，聯合道為大街道，聚集店舖。日後重建後，既可打造豪宅之餘，部分地舖仍可保留面向聯合道，極具商業價值。該物業曾於2022年間，由鄧成波家族索價9600萬放售，最新市值較當時減5900萬，幅度61%。鄧成波家族於2005年8月以1380萬購入物業，及至2020年以全幢物業按予財務公司借貸，最終被接管。

還有，鄧成波家族旗下九龍城聯合道6至8號，以及長沙灣青山道136至138號兩幢舊樓亦放售，市場估值分別1.38億及8800萬。

2022年曾索價9600萬

聯合道6至8號落成於1949年，樓高4層，佔地面積約2752方呎；屬於商住甲類地盤，現時提供2個商舖，每個建築面積約1376方呎；1至3樓共提供6個住宅，每個約990方呎，物業估值1.38億。至於長沙灣青山道136至138號，樓高4層，佔地面積約2093方呎，地下商舖，1至3樓為住宅，物業估值8800萬。

(星島日報)