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Sun Hung Kai Properties, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high


The smallest flat in Sun Hung Kai Properties’ upcoming project in Sai Kung measures about 88 sq ft, filings with the Buildings Department show.

Developers are likely to take advantage of rising prices in the city to launch small flats as affordability becomes a concern, analyst says.

Hong Kong’s biggest developers are joining the rush to build small flats to woo young buyers as prices in the world’s most expensive housing market approach an all-time high. The move is being criticised by a senior adviser to Beijing for its profit motive.

Sun Hung Kai Properties (SHKP) plans to build 5,400 units in Sai Kung, with the smallest measuring about 88 square feet (8.2 square metres), according to a filing with the Buildings Department.

In Kowloon, a consortium of Wheelock Properties, Henderson Land Development, New World Development and China Overseas Land & Investment plan to build a 1,591-unit residential development with sizes starting at about 120 sq ft. The measurements of flats in both projects exclude space allocated for kitchen, bathroom and balcony, the filings show.

Sales of small flats in recently launched projects have received strong response even as lived-in home prices have increased for seven consecutive months this year. An index measuring the prices of second-hand homes stood at 396.3 in July, just 0.15 per cent below the previous peak of 396.9 in May 2019, data from the Rating and Valuation Department showed. Home prices gained 4.3 per cent in the first seven months this year.

“We will see more small flats put on sale as home prices continue to surge,” property agent said. “Frankly speaking, small flats that require smaller lump sum amounts will fetch a higher selling price per square foot and are easier to sell than large units.”

The agent said that the estimated saleable area of the flats in the two projects, inclusive of an open kitchen, a bathroom and a balcony, would be around 200 to 300 sq ft.

Small- or nano-sized flats are not going down well with Lau Shui-kai, vice-president of the semi-official Chinese Association of Hong Kong and Macau. The senior adviser to Beijing said such flats only help developers to generate higher selling prices and profit and fail to solve the city’s housing problem.

“Hong Kong’s nano flats have become a laughing stock of international media,” Lau said. “These shoebox-size flats will also leave our younger generation to live in an unhealthy environment and increase their despair and frustration.”

The central government does not want to see shrinking living spaces, he added.

His remarks came after Beijing officials last weekend asked Hong Kong developers to help solve the city’s housing problems. It triggered a sell off in property stocks on Monday amid concerns China could ask the Hong Kong government to impose more regulations to contain home prices.

Lau said increasing land supply could help in solving the city’s housing shortage.

SHKP’s project in Sai Sha Road has 12 different unit sizes ranging from about 88 sq ft to 972 sq ft. While the plan shows only two units measuring about 88 sq ft, 218 flats are slightly bigger at about 130 sq ft. Some 60 per cent, or 3,195 flats, will have an area of about 283 sq ft.

SHKP said the smallest flats at the Sai Sha project will have a saleable area of around 300 sq ft, and this type of one-bedroom flats will make up only a small percentage of the total. Most units will have two or more bedrooms. Since the Sai Sha project is very large in scale, with different phases offering about 9,500 units, SHKP keeps revising the general building plans and the one currently filed with the Buildings Department does not reflect the latest design.

In Kai Tak, Wheelock Properties’ joint venture project will have units ranging from about 120 sq ft to 883 sq ft. Of the 1,591 units, 130 units or 8 per cent will have an area of about 120 sq ft, while 44 per cent or 700 flats will be 281 sq ft, the plan shows.

Wheelock’s managing director Ricky Wong Kwong-yiu said the saleable area for the units at Kai Tak would be much bigger after taking into account the toilet, kitchen and balcony.

“There is market demand for studio and one-bedroom flats [as they require] smaller down payments for mortgages,” Wong said, adding that the main focus of the Kai Tak project was two-bedroom units.

Tai Hung Fai Group is also joining the rush. A six-storey, 30-unit development called Artique in Sheung Shui will have units ranging from 138 sq ft to 259 sq ft, according to a sales brochure posted on the company’s website. The developer’s smallest flat is 10 sq ft bigger than the city’s tiniest flat measuring 128 sq ft at TPlus in Tuen Mun.

Tai Hung Fai is yet to announce prices and launch date for the sales.

Last weekend, Kwai Hung Group sold 128 of the 130 units at its Mangrove project in Hung Hom even after banks stopped providing mortgage financing amid concerns over the developer’s ability to complete the project, which is due to be ready in June next year. Banks have said they will only provide mortgages to buyers for flats in the project after its completion.

Prices at Mangrove range from HK$3.3 million for a 186 sq ft studio to HK$9.08 million for a 333 sq ft one-bedroom flat. The average per square foot price at the project range from HK$17,281 to HK$28,016.

Real estate consultancy forecast that the supply of new private flats in the city would reach 82,000 from now until 2025, of which 36 per cent or 29,500 flats will be smaller than 400 sq ft, up from 31 per cent of existing stock.

“Small flats sell like hot cakes as prospective buyers worry they will miss the boat after seeing a sharp increase in home prices,” agent said.

(South China Morning Post)

 

外資代理行︰中環甲廈空置7.7%

儘管疫情逐步回穩,惟甲廈市場陰霾未散,據一外資代理行指出,8月中環甲廈空置報7.7%,按月上升約4%。

該代理行昨日發表的報告指出,今年8月甲廈整體空置率約9.6%,與上月相若,惟中環區空置率新報7.7%,較上月的7.4%按月上升約4%,其餘各區空置率則介乎7.1%至13.1%。

負吸納量跌至1.09萬呎

此外,該行亦指出,8月整體寫字樓市場負吸納量持續下降至1.09萬方呎,主要受惠於靈活工作空間擴充及部分企業提升辦公室質素所促成,資料顯示,今年7月整體寫字樓市場負吸納量達8.9萬方呎。

該行代理表示,雖然個別大廈租金於8月微升,整體市場租金按月微跌0.1%,若以各區劃分,灣仔、銅鑼灣及九龍東的租金跌幅較大,中環區租金則較平穩。

該行另一代理表示,租賃市場氣氛回暖,受惠於本地消費氣氛改善,本年度首7個月零售業總銷售額按年上升7.6%,市場較矚目租賃成交為一家鐘表零售商據報以月租70萬承租尖沙嘴帝國中心地鋪,面積1500方呎,呎租約466元。

新銀集團中心銀主盤1.4億易手

據土地註冊處資料顯示,灣仔新銀集團中心高層全層,於本月初以1.4億成交,買家以公司名義名佳國際有限公司 (RENOWED INTERNATIONAL LIMITED) 登記,註冊董事分別為施嘉豪及劉少白等人。

資料顯示,上址為銀主物業,面積7388方呎,以易手價計,呎價約18950元。

(星島日報)

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新海能源相關人士 逾1.4億沽灣仔商廈

商廈市場氣氛好轉,有名人沽出旗下物業。土地註冊處資料顯示,灣仔新銀集團中心高層全層,面積約7,388平方呎,早前連1個車位以1.422億元沽出,呎價約19,247元。

持貨約8 帳面賺1340

原業主為恒福有限公司 (EVER LUCKY LIMITED),公司董事為岑浩(SHUM HO NEO),與新海能源集團有限公司主席岑少雄兒子的中英文姓名相同,料為同一人。

該公司於2013年以1.288億元買入上址,持貨約8年,是次轉手帳面獲利1,340萬元。

事實上,近期有不少名人亦趁工商舖市況好轉而出售旗下物業,當中黃竹坑環匯廣場高層,建築面積9,820平方呎,日前連2個車位以1.45億元賣出,呎價約14,766元。原業主為NEW CONTINENT DEVELOPMENT LIMITED,公司董事為蘇健恩,與已故遠東集團創辦人邱德根兒子邱達根之妻子姓名相同,料為同一人。

(經濟日報)

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上月工商鋪錄582宗成交

今年8月錄582宗工商鋪物業買賣,按月下跌一成,屬連跌兩個月,並創半年新低,期間成交金額錄119.74億,按月跌約2%。

代理表示,近期股市大幅波動,致市場觀望氣氛濃厚,料工商鋪買賣登記於短期內有機會再跌一成,下試至近520宗左右;至於第三季料可錄得1748宗,將較次季的1999宗按季回落12.6%。

代理:按月挫一成

按工商鋪三個物業類別劃分,工廈按月登記量繼續跑出,續處逾三百宗的相對高位徘徊,八月全月工廈錄得334宗登記,按月跌8%,佔整體工商鋪成交達57.4%。當中買賣登記佔比最多的是介乎200萬至500萬以內的細價工廈,期內錄得142宗登記,惟按月跌10%。另外,雖然八月份工廈買賣登記量錄得跌幅,惟月內不乏整幢轉手的大額登記,故刺激月內工廈買賣金額不跌反升74%,錄得近71.53億元。

商廈買賣共錄118

商廈買賣登記量連續六個月按月均錄逾百宗,反映經濟復甦勢頭持續,商廈買賣保持一定需求,八月份商廈買賣登記共錄118宗,按月微增1宗;當中尤以5000萬至1億以內組別升幅最顯著,按月大升2倍,由7月的只有3宗大增至上月的9宗。至於月內整體商廈買賣登記金額按月下跌36%,至只有27.09億,主因前月有一宗涉資24億的大額全幢登記抽升基數所致。

八月份店鋪錄130宗登記,按月減22%,為工商鋪中跌幅最大的類別;跌幅主要集中高價店鋪,如1億元或以上者按月大跌七成,故拖累月內買賣登記總額一同下跌,只錄21.12億,按月挫46%。

(星島日報)

 

銅鑼灣禮頓道鋪1.8億易手 鄧成波家族沽貨 持貨四年蝕3500萬

「鋪王」鄧成波家族連環減磅,消息指,該家族新以1.8億沽出銅鑼灣禮頓道巨鋪,持貨4年帳面蝕讓約3500萬,物業期間貶值約16%,自波叔離世後,該家族於4個月內連沽39項物業,合共套現近93.8億。

市場消息指出,由鄧成波家族持有的銅鑼灣禮頓道33至35號地鋪,建築面積約2800方呎,以約1.8億易手,呎價約64286元,據業內人士指出,該鋪現由中國銀行以56萬租用,料買家享租金回報約3.7厘。

租金回報約3.7

據土地註冊處資料顯示,上址原業主為CINDY PROPERTY LIMITED,註冊董事為葉少萍及鄧耀昇。鄧成波於2017年購入上址,作價2.15億,故持貨4年帳面蝕讓約3500萬,物業期間貶值約16%。

波叔於今年5月離世後,該家族4個月內連沽39項物業,合共套現近93.8億,其中,最大宗的為屯門東亞紗廠工業大廈,作價約22.4億,粉嶺勉勵龍中心全幢以6.95億易手。近期沽貨的包括,葵涌華星街南華冷房大廈地庫、低層地下及3樓平台,上月底以1.3億獲金朝陽承接,持貨約3年帳面虧蝕約880萬,物業期間貶值約6.3%。

累沽39項物業 套現逾93

鄧成波家族最近部署新一輪沽貨行動,剛放售39項物業,包括舊樓、寫字樓、鋪位及酒店等項目,其中33項物業設意向價,意向價合共約47億,另外6項則由準買家出價再作決定,當中最貴重物業為灣仔駱克道莊士企業大廈部分寫字樓及酒店,樓面分別為11750方呎及11331方呎,總樓面23081方呎,意向價6.2億,平均呎價約26862元。

另一較矚目的放售物業為葵涌永昇工業中心一籃子物業,包括該廈地下及多層樓面,總樓面約15.66萬,以意向價約5.61億放售,呎價約3581元。此外,屯門青菁雋基座商場連平台及一籃子車位,意向價為4.6億,以總樓面32034方呎計,呎價約14360元。

(星島日報)

 

外資基金11億 購屯門工廈9成業權

全幢工廈旺場 今年暫17成交急升1.4倍

政府推出活化工廈政策,吸引投資者入市。消息指,屯門恒威工業中心大部分業權,以約11億元成交,呎價約3,461餘元。買家為外資基金silkroad,作中長綫投資。累計今年共17宗全幢工廈成交,較去年急升1.4倍,涉130.51億元,按年大升2.6倍。

市場消息指,屯門恒威工業中心錄得大手買賣,物業位於建泰街,屬區內傳統工業地段,涉及物業C座一籃子單位,包括地下6個地廠,3至19樓17個全層單位,以及187個車位,合共約佔大廈約9成業權。大廈分層樓面每層面積約17,187平方呎,連同地下,涉及總樓面約317,827平方呎。消息稱,該批單位近日以約11億元成交,呎價約3,461元。

silkroad購恒威C 擬作收租

據了解,該批樓面由本地財團持有,該財團主力投資大樓面工廈作長綫收租,目前持有荃灣美德大廈 (10萬呎)、昌興盛中心 (11萬呎)、葵涌金星工業大廈 (8.3萬呎)等,另外,早年集團持有屯門精棉工業大廈全幢,今年亦以約5億元售予外資基金。

消息稱,是次新買家為外資基金silkroad,該基金數年前起已投資本港商廈、舖位等,並進攻工廈市場。今年初斥3.21億元,購入粉嶺安全街10及12號的堅達中心,總面積約97,750平方呎,呎價約3,284元。如今再下一城,斥11億購屯門工廈。用途上,威工業中心由3座物業組成,而其餘兩座亦屬散業權,相信難以統一作重建,故相信基金購入作收租,享逾3厘回報,並待日後物業升值再轉售。

今年屯門工廈買賣旺,早前已錄3宗全幢工廈成交,最大額為舖王鄧成波家族以22.4億元,售出屯門東亞紗廠工業大廈第1期全幢,總面積約466,449平方呎,由華潤物流承接,成為今年最大宗工廈買賣。

年內工廈成交額452 升1

本港疫情緩和後,整體投資市場向好,而工廈表現可謂一支獨秀,據代理統計顯示,去年全年僅錄7宗全幢工廈成交,涉及35.78億元,而截至今年9月,市場已錄17宗全幢工廈成交,較去年高1.4倍,而金額涉130.51億元,大升2.6倍。除了全幢工廈外,今年工廈買賣涉及452.1億元,已較去年全年218.64億高出1倍。

有代理分析,工廈受惠於政府活化政策,包括重建,以及標準補地價金額等,令財團有興趣吸納全幢工廈。即使分層工廈物業因呎價便宜,亦獲大手承接。他指,現時每月工廈成交量約400至500宗,平穩向好,而工廈市場繼續主導今年投資市場。地區方面,他料長沙灣、荃灣等較多工廈新盤發售地區,投資氣氛較好。

(經濟日報)

 

市道向好 老牌業主沽貨大賺

近月工商舖買賣持續向好,而價格亦從低位回升,持貨多年的老牌業主,把握機會推售物業沽貨套現,物業出現大幅升值。

工商舖買賣仍暢旺,而從近期買賣中,不少屬持貨多年老牌業主沽貨,並以舖位市場為主。如佐敦白加士街37至39號地下A號舖位易手,物業面積約600平方呎,成交金額約4,490萬元,平均呎價約7.48萬元。原業主於1979年以約125萬元購入上述舖位,一直自用多年,至去年4月以7.5萬元租予包點店,新買家回報率約2厘。

業主持貨42 沽白加士街自用舖

原業主持貨42年轉手,帳面獲利約4,365萬元,物業升值近35倍。事實上,同區早前亦曾出現老牌業主沽舖,甜品店義順牛奶沽出佐敦庇利金街63號自用舖位,涉資約3,200萬元,34年升值10倍。

另外,屯門鄉事會路40至50號地下舖位易手,物業面積約1,000平方呎,以約4,900萬元成交,呎價約4.9萬元。舖位由財務公司以每月約13萬元租用,回報率約3.2厘。原業主於1974年,以22萬元買入舖位,早前以約5,600萬元放售,現減價約13%沽貨。原業主持貨47年轉手,帳面獲利約4,878萬元,舖位大幅升值近222倍。

此外,早前太子界限街30號地下舖位易手,物業面積約1,200平方呎,以約2,780萬元成交。舖位由餃子店以每月4萬元租用,回報率約1.7厘。原業主早於1971年以31.8萬元購入舖位,持貨50年,轉手帳面獲利約2,748.2萬元離場,舖位大幅升值86倍。

永樂街商廈 45年升值293

除了商舖外,亦有老牌商廈轉手。其中上環永樂街57至59號全幢商廈,總樓面約10,917平方呎,以約2.8億易手,呎價約25,648元。原業主早於1976年以95萬元購入,持貨45年帳面獲利約2.79億,期間升值約294倍。

分析指,去年受疫情影響,整體商務活動減,工商舖價格大幅回調。今年本港疫情緩和,加上去年尾撤辣,帶動工商舖交投向好,價格亦回升。由於不少商舖、商廈均由老牌業主持有,他們見工商市道回勇,投資者四出尋找物業投資,此時把舖位或商廈放售,反應甚佳,故趁機沽貨套現。因物業早年購入,多年來已累積很大升幅,故個別業主亦不介意擴大議價空間,令成交個案增加。投資市況仍向好,料可打動老牌業主放售物業。

(經濟日報)