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Lohas Park project draws 9 bids

The tender for the 13th and final phase of Lohas Park in Tseung Kwan O attracted just nine bids yesterday, compared to 35 expressions of interest received in September.

The site, which could potentially accommodate 2,550 flats, is valued at HK$8.51 billion to HK$15.47 billion, or HK$5,500 to HK$10,000 per buildable square foot.

Sun Hung Kai Properties (0016), CK Asset (1113), Henderson Land Development (0012), Wheelock Properties and Nan Fung are among the developers that have submitted bids.

Meanwhile, MTR Corporation (0066) will open the second phase of The Lohas - the first shopping mall at Lohas Park in Tseung Kwan O - on Sunday.

Hong Kong's property market sentiment remains volatile due to the pandemic, but about 10 percent of Hongkongers - among the highest levels on recorded over the past nine years - consider it a good time to purchase property, according to a survey by Citi Hong Kong.

The survey was conducted among over 500 Hong Kong respondents in September.

Over 40 percent of respondents expect home prices in Hong Kong to fall over the next 12 months, representing a larger percentage than that of the previous quarter, but smaller than in the first quarter of the year.

Regarding the impact of Covid-19 on property prices, respondents expect a median decline in property prices of 5 percent from the beginning to the end of the current year, believing that pandemic would knock 8 percent off property prices at most, a hit milder than the actual price reduction of 10 percent to 12 percent during the SARS epidemic in 2003.

Most people who became more interested in purchasing a property amid the pandemic were still adopting a "wait-and-see" attitude, expecting property prices to fall by another 20 percent before they would make a purchase.

Separately, Estate Agents Authority chairman William Leung Wing-cheung said he will step down at the end of this month.

(The Standard)

 

Goldin loses case over tower sale

Hong Kong's High Court yesterday ruled that Goldin Financial Global Centre and Smart Edge remain under the control of the receivers, meaning debt-laden Goldin Financial (0530) cannot interfere in the sale of the 28-story Grade A office building in Kowloon East.

Smart Edge and the office tower remain under the control of Cosimo Borrelli and Simon Ma Siu-ming as joint receivers and managers of Smart Edge and Goldin Financial Global Centre.

Borrelli and Ma and Jocelyn Chi Lai-man are the only duly appointed directors of Smart Edge.

Justice Linda Chan made the orders dated October 29, 2020 as requested by the receivers. The former directors of Smart Edge did not oppose the orders.

The receivers and the directors are the only representatives authorized to deal with the affairs of Smart Edge, including GFGC and the ruling enables their receivers to proceed to sell Smart Edge and/or GFGC without interference.

Businessman Fong Tim had purchased the two controlling companies of Goldin Financial Global Centre for HK$14.3 billion through Hundred Gain International.

(The Standard)

For more information of Office for Lease in Goldin Financial Global Centre please visit: Goldin Financial Global Centre for Lease

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

 

Small flats defy Hong Kong’s recession, gaining in price as larger homes continue to lose value

Gains in the prices of small flats in September were enough to push an official gauge back into positive territory for the first time since early summer

Smaller units are more sensitive to a sudden improvement in market sentiment, say analysts, while buyers of bigger properties await signs of long-term optimism

Small apartments appear to be bucking a downward trend in Hong Kong’s property sector, gaining in price as the city struggles with a crippling recession.

The prices of bigger homes and commercial property are falling as the coronavirus pandemic, which followed months of social upheaval, has wrought havoc on the local economy, slashing household budgets and causing a spike in unemployment.

But gains in the prices of small flats in September were enough to counter those drops and push an official gauge back into positive territory for the first time since early summer.

The overall home price index rose 0.42 per cent in September to 382.6 after two months of declines amounting to 1.5 per cent, according to data released by the government’s Rating and Valuation Department on Friday.

“The increase was unexpected, but the property market adjustment should continue,” agent said. “The current real estate market is very distorted.”

It was only the prices of homes smaller than 753 square feet that actually went up, with those measuring less than 430 sq ft rising 0.4 per cent. Much bigger flats – those larger than 1,722 sq ft – went in the other direction, falling by 1.3 per cent.

Small apartments tend to cater to small families and are “more sensitive” to an improvement in market sentiment, according to another agent.

“Buyers entering the market are mainly [targeting] small to medium sized flats. As sentiment improves, they become more proactive in entering in market,” agent said. “Then homeowners will have less room for price negotiation or reduction.”

Buyers of bigger homes are more concerned about the longer-term prospects of the market, which “does not [benefit from] stable user demand, so large units, luxury homes continue to be under pressure,” the agent added. “Buyers are not very proactive in entering the market. Some owners of luxury homes with liquidity needs may sell them at lower prices, driving the prices down.”

Based on last year’s peak, residential property prices have fallen by only 3.6 per cent.

Some 557 units in three projects will go on sale this weekend.

On Saturday, CK Asset will release 98 units at El Futuro in Kau To Shan, Sha Tin, while K Wah International will attempt to sell 211 units at K Summit in Kai Tak. On Sunday, Hong Kong Ferry (Holdings) and Empire Group will put 248 units at Starfront Royale in Tuen Mun on the market.

Rents in the city have continued to slide amid the economic downturn and rising joblessness.

The rental index declined 1 per cent in September after three months of increases. The rents and values of commercial properties and shops continue to slide, with plenty of stores being offered and sold at a loss.

For instance, Tai Hing Group and other investors recently sold two large shops in North Point and Mong Kok at a combined loss of HK$24.5 million (US$3.16 million). They have also listed two other shops in Central and Causeway Bay for a total loss of HK$10.29 million.

Agent said that the adjusted decline in home prices this year will be about 2 to 3 per cent, which is less than many observers had feared. The important factors in the fourth quarter are how quickly the Hong Kong economy and high unemployment levels can recover.

“Unfortunately, large-scale lay-offs have occurred in large companies. Pay attention to whether it will affect other companies’ [actions] with lay-offs or leave without pay,” agent said. “Most companies will increase salaries at a low rate next year. These factors will ultimately affect the wage earners’ purchasing power.”

Because of the huge lay-offs announced by Cathay Pacific this month, property prices in Tung Chung, where many of the airline’s staff live, will take a hit, agent said. The agent predicted rents there will fall 10 per cent and property prices will slide 5 per cent in the next six months.

(South China Morning Post)

 

疫情漸穩 投資者趁機出貨套現

本地疫情漸穩定,物業市場投資氣氛稍好,資深投資者亦趁機出貨,陳秉志及鄧成波兩大手投資者近日頻頻推售物業,並成功沽貨套現。

市況略為好轉,投資者紛推售物業,磁帶大王陳秉志,近期連環沽出中環中心單位,其中48樓全層,面積約25,695平方呎,以約9.8億元成交,呎價約3.8萬元,是次交易為該廈相隔1年後,首次錄全層易手個案,亦為今年最大宗甲廈買賣成交。據了解,該層樓面現時每月租金收入約210萬元,租約兩年後到期,目前回報率約2.6厘。新買家為內地企業合生創展,該集團於2018年,中環中心展開拆售時,以11.18億元購入49樓全層,呎價約4.35萬元。如今購入相連樓層,按是次呎價約3.8萬元計,已較兩年前樓上49樓低約13%。

另外,陳氏亦沽出中環中心3913室,面積約1,995平方呎,涉資約6,118萬元,呎價約30,667元。翻查資料,陳秉志去年曾拆售該層樓面,分間成12個單位出售,面積由約1,841至3,140平方呎不等,呎價約4.1萬元起。及後因遇上社會事件,投資氣氛轉差,業主決定收回。現今重推單位,定價較去年減約25%。

磁帶大王接連沽粉嶺舖

另外,他亦沽出非核心區舖位,位於粉嶺聯昌街,分別以約2,350萬元,沽出20至44B地下餐廳舖位;其後以約2,100萬元,沽出粉嶺聯昌街29號舖位,面積約1,100平方呎,現由音樂中心以每月4.8萬元租用。兩舖位先後售出,套現約4,450萬元。

鄧成波售地盤及舖位 套6.7

至於舖王鄧成波近期加快推售物業,包括太子基隆街地盤,涉及地段1、3、5及7號全幢,9至11號逾20%不可分割業權份數,現為多幢4至10層高唐樓,地盤面積約5,654平方呎,最高可建樓面面積約50,886平方呎。

較早前鄧成波以4.5億元標售項目,消息稱項目終以約3.5億元易手,減價約2成。此外,他亦以約3.2億元,沽出筲箕灣老人院舖位,僅平手離場,兩物業料套現共6.7億元。

分析指,疫情衝擊工商物業,個別持重貨投資者,需推售物業減磅,如今疫情受控,投資氣氛好轉,故不少放售中物業漸獲承接。由於個別投資者仍希望沽貨套現,續推售物業,故相信市況漸穩定下,整體成交量可望回升。

(經濟日報)

更多中環中心出售樓盤資訊請參閱:中環中心出售

更多中環區甲級寫字樓出售樓盤資訊請參閱:中環區甲級寫字樓出售

更多上環區甲級寫字樓出售樓盤資訊請參閱:上環區甲級寫字樓出售

 

尖沙咀栢麗大道舖2.1億沽 蝕5成離場

疫情衝擊核心區零售,舖位價格急挫,近日投資者林子峰以2.1億購入尖沙咀栢麗大道舖,原業主蝕逾5成離場。

尖沙咀栢麗購物大道D段地下29至30號舖及1樓15號舖,面積約3,470平方呎,以約2.1億元成交。

林子峰承接 可作自用

據了解,新買家為資深投資者林子峰,據悉將以約35萬元放租。此外,日後他亦可把舖位作旗下品牌使用,包括零食店優品360,鞋店Union等。

翻查資料,舖位原由資深投資者李耀華持有,他於2012年,即商舖投資最高峰期以4.4億元購入,若最終以2.1億元沽出舖位,持貨8年蝕2.3億元離場,蝕幅達52%,成為疫情下商舖錄得最大宗蝕讓成交。事實上,本年初同地段亦錄商舖買賣,原業主持貨多年亦需蝕讓離場,涉及地段為64號舖,面積約766平方呎,今年3月以4,260萬元交吉易手。原業主於2010年購入,涉資約6,800萬元,帳面蝕2,540萬元。

(經濟日報)

 

康城13期獲九財團入標

疫情下樓市前景不明朗,港鐵將軍澳日出康城13期昨日截標,收9份標書,與12期標數相若,仍屬區內次高,入標財團以本地大型財團為主。

信和嘉華嘉里夥招商局

昨截標的將軍澳日出康城13期,早前勁收35份意向書,創區內新高紀錄。港鐵發言人表示,項目共收9標書,將詳細考慮各份標書,並於稍後公布結果。是次項目吸引多家本地大型發展商入標競投,就現場所見,入標財團包括有長實、恒基、新地、南豐及會德豐地產,同時,嘉華夥拍信置、嘉里及招商局置地,四家公司以合組財團入標,而新世界則與遠東發展以合資形式入標競投。

南豐地產發展部及銷售部總經理盧子豪指出,集團於將軍澳日出康城已有2個項目,發展具一定協同效應,13期為區內最後一個項目,加上區內大型商場開幕,配套漸趨理想,發展潛力不俗,集團以獨資形式競投。

新世界遠展合作競投

嘉華香港地產發展及租務總監尹紫微表示,該項目為日出康城最後一期,坐擁海景、區內配套成熟,惟項目單位數量有限制,集團會考慮當中細節,以市場價競投。

會德豐地產高級經理 (物業發展) 何偉錦指,集團於區內擁有發展項目,是次以「自己計數」獨資形式入標,計畫興建中小型單位,受低息環境及供應有限等利好因素支持,料樓價平穩發展。

補價創項目新高

有資深測量師指出,該項目總樓面逾154萬方呎,料每呎樓面地價約6000元,市場估值逾92億。

(星島日報)

 

北角七姊妹道巨鋪5000萬售持貨五年蝕30%投資者陳永安沽貨

資深投資者減磅沽貨,甚至不惜蝕讓離場。消息指,由太興集團主席陳永安持有的北角七姊妹道巨鋪,以5000萬售出,持貨5年帳面勁蝕2200萬,幅度為30%,事實上,太興集團今年以來第二度蝕讓沽鋪,合共蝕讓達2450萬。

市場消息指出,上述蝕讓為北角七姊妹道116至122號兆華大廈地鋪連1樓,地鋪面積300方呎、一樓面積5500呎,合共面積5800方呎,以約5000萬售出,呎價約8621元,該鋪由健身中心以20萬承租,料買家享租金回報約4.8厘。

健身中心20萬承租

原業主於2015年以買賣公司形式購入,作價7200萬,持貨5年帳面蝕讓2200萬,幅度為30%。據土地註冊處資料顯示,上述鋪位由威智有限公司 (GLORY WISE LIMITED) 持有,註冊董事為陳永安,與太興集團主席名字相同。

資料顯示,於今年7月,由陳永安相關人士持有的旺角通菜街162號地鋪以4900萬沽,持貨5年帳面損失約250萬,該鋪由冰室以13萬承租,料買家享租金回報約3.2厘。據了解,該鋪以公司名義持有,公司董事包括陳淑芳、陳靜嫻及陳淑芬,為太興集團關連人士。

冼仲彥2580萬購沙咀道鋪

荃灣沙咀道341號雲南過橋米綫店,成交價2580萬,建築面積1000呎,買家為投資者冼仲彥醫生,門闊約14呎,內闊約17呎,深約50呎,月租73000元,料回報3.4厘,原業主1990年12月以360萬買入。原業主早前沽售九龍城城南道32號地鋪,現址獸醫診所,作價1850萬。至於冼仲彥對上一單買賣,為今年9月以2280萬購入入大河道鋪位,現址牙醫診所。

(經濟日報)

 

恒基2.34億統一西半山舊樓

市區靚地供應有限,發展商紛積極作收購重建。由恒基收購多年的西半山羅便臣道舊樓,昨進行強拍,並由恒基以底價「一口價」2.34億統一業權,將與毗鄰項目合併發展。

西半山羅便臣道27E及27F號舊樓昨推出強拍,由已奪逾80%業權的恒基,以底價2.34億統一業權,項目佔地約3822方呎,現址為一幢6層高樓宇,地下為商鋪,1至5樓為住宅,採1梯兩伙設計,並於1960年落成,樓齡約60年。

恒基發言人指,上述項目將與毗鄰地盤合併發展,以地積比率約5倍興建,總樓面約2.5萬方呎,將主攻細單位。

擬合併兩地盤發展

事實上,恒基早於10年前已收購羅便臣道23、25、27D至F號舊樓,整批舊樓佔地逾5000方呎,樓高均約5層,樓齡已逾62年,屬區內罕有具重建價值舊樓。

而近期恒基亦接連有舊樓強拍,正收購中的紅磡「黃埔五街」,早前獲批強拍申請,為黃埔街4幢舊樓,底價13.63億,預計可發展逾12.96萬方呎。該4幢舊樓為黃埔街2至16A號,1座樓高7層、3座樓高8層,落成於1957年,當入稟申請時,分別持有業權94.63%至100%。

(星島日報)

 

Downtown38商場獲洽財團出價約三億

近期民生地段鋪位受捧,由新地及市建局持有的土瓜灣Downtown 38基座商場,市場消息透露,該項目獲準買家洽購至尾聲,物業將以約3億易手,較意向價4億減1億或25%,亦有市場消息指,物業已易手,惟有關消息未獲證實。

Downtown 38基座商場部分連4個私家車位及1個電單車位。該物業總建築面積約20921方呎連約403方呎平台,以易手價3億計,每呎造價約14340元。

每呎出價約14340

該物業包括地下、一樓及二樓,地下分間為8個地鋪,每個均設獨立洗手間,部分更設獨立廚房,建築面積由約400方呎至約1600方呎。一樓現時為兩個食肆鋪位,建築面積分別為約5000方呎及約5800方呎。

(星島日報)