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Hong Kong home sales rebound in December


Home sales in Hong Kong climbed for the second month in a row in December by nearly 15 percent but the volume for the whole-year dropped to a new low since 1996 amid high interest rates, Land Registry data shows.

According to the Land Registry, the number of sale and purchase agreements for residential units received by the department in December rose 14.7 percent to 2,929 from a month earlier and 16.8 percent from a year ago.

The total consideration reached HK$24.3 billion, an increase of 23.7 percent month-on-month and 15.6 percent year-on-year.

However, for the full year, the figure dropped 4.5 percent to a low of 43,002 cases. The total transaction value dipped 4.5 percent from that of 2022.

Overall property sales volume including commercial units and car park spaces also dropped 2.7 percent in 2023 to a record low of 58,035 cases, with the consideration of all transactions combined falling by 13.8 percent to a 10-year low of HK$477.9 billion.

In the primary market, Wang On Properties (1243) opened to the media two showrooms for its project Phoenext in Wong Tai Sin. The demonstration flats - one being a standard one-bedroom and the other being a two-bedroom - are expected to open to the public within the week.

The project's sales brochure has been uploaded to its website and the developer said the first price list may be unveiled during the week.

Wing On said the first round of sales involving at least 50 units may be launched within the month at the earliest, adding that it will refer to nearby projects for pricing.

The project provides a total of 230 flats ranging from studio to two-bedroom units of sizes from 178 to 375 square feet.

Market watchers believe that there might be up to 40,000 new homes available for sale this year, including over 15,000 each in the New Territories and Kowloon. More than 10,000 flats in over 10 projects in areas like Kai Tak, Tseung Kwan O and Yuen Long may be put up for sale. A property agency expects the number of new home sales to surge by over 40 percent this year to 15,000 cases.

(The Standard)

 

Sun Hung Kai Properties, ‘survivor in a long winter’, tops Hong Kong property sales with 30% of homes sold in 2023

Sun Hung Kai Properties accounted for over a quarter of the 11,011 residential units that changed hands in 2023, topping Hong Kong’s property sales table

Citigroup expects SHKP to maintain a steady performance in terms of contracted sales despite a sluggish market outlook due to its better product mix

Hong Kong’s most valuable developer Sun Hung Kai Properties (SHKP) topped the city’s sales tables in 2023, accounting for over a quarter of the deal volume at a time when shrinking home prices and a 33-year trough for real estate transactions are weighing on one of the world’s most expensive property markets.

SHKP accounted for the sale of 3,200 out of the 11,011 units that changed hands in 2023, according to data from Dataelements, a data provider that tracks new residential properties in Hong Kong.

Dataelements estimated SHKP’s contracted sales of residential flats for 2023 at HK$20.13 billion (US$2.6 billion), representing nearly 16 per cent of the city’s aggregate. Most of the developer’s sales were in the first phase of Yoho West, a large-scale new project in Tin Shui Wai, Novo Land phase 2 in Tuen Mun and University Hill phase 2 in Tai Po.

A real estate agency reported that citywide sales transactions of 10,681 primary flats last year for an aggregate sales value of HK$131 billion. The number of deals and their value rose 4.1 per cent and 14.9 per cent, respectively from 2022, the second lowest in the past decade, according to the agency.

The property agency estimates transactions in Hong Kong dropped in 2023 to the lowest level in 33 years as sentiment among potential homebuyers was battered by weak economic data and soaring interest rates.

SHKP ranked ahead of Chinachem Group and MTR Corp, which sold 494 units at In One, a high-end residential project in Ho Man Tin, for an estimated contracted price of HK$8 billion, according to Dataelements. Wheelock Properties logged contracted sales of about HK$5.57 billion through the sale of units at its Koko Hills project in Yau Tong.

“[SHKP] achieved strong sales from the Yoho West launch during December 2023,” Ken Yeung, a property analyst at Citi said in a research report, which described SHKP as “a survivor in a long winter”.

The first phase of Yoho West launched in December, saw 508 units snapped up by buyers for a total value of HK$2.67 billion, according to the agency.

Citi expects SHKP to maintain a steady performance in terms of contracted sales despite a sluggish market outlook. It attributed this resilience to SHKP’s ability to offer a better product mix, which enhances the appeal of its offerings to potential buyers. Home prices in Hong Kong have declined 20 per cent from their peak in September 2021, and Citi predicts home prices will fall another 10 per cent in 2024.

Looking ahead to the financial year of 2024, which ends on June 30, SHKP has plans to launch six new projects, according to Citi.

These projects include Novo Land phase 3A and 3B, Yoho Hub phase 2, Yoho West phase 1, 233 Prince Edward Road West, and two Kai Tak projects – Cullinan Sky and Cullinan Harbour phase 1. According to Citi, these projects have a combined gross floor area of 3 million sq ft.

(South China Morning Post)

 

啟德 AIRSIDE 萬呎樓面獲承租 藥業公司擴規模平均呎租40元

南豐旗下啟德 AIRSIDE,隨着去年第3季商場開業,寫字樓租賃步伐亦加快,最新錄得一宗承租,一間總部設於尖沙咀的藥業公司,承租該廈中層樓面,涉及約1萬方呎,作為擴充規模用途,平均呎租逾40元。

啟得 AIRSIDE 最新錄1宗承租,一間位於尖沙咀港威大廈的藥業公司,承租該廈28樓單位,涉及面積約1萬方呎,月租逾40萬,作為擴充規模用途,該公司有感啟德甲廈新落成,設備新穎,而且,租金相對尖沙咀廉宜,決定進駐作為試點,不排除未來在啟德區繼續擴張規模。

總部設尖沙咀港威大廈

知情人士表示,由於是次租出的28樓,樓層較高,景觀開揚,加上該公司所承租面積較少,只有約1萬呎,呎租相對該廈其他單位高。

去年11月,AIRSIDE 21樓全層,面積約3.75萬方呎,由運動品牌PUMA承租,呎租逾30元,該品牌向來使用東九龍物業,曾租用九龍灣國際展貿中心,其後搬至活化工廈新明中心,租用兩層樓面共約5.6萬方呎,現時搬遷至 AIRSIDE,整合業務,雖然減少樓面,惟物業質素提高。

連錄大手租賃

今年8月,日本最大銀行 MUFG BANK LTD 承租該廈18及19樓2層樓面,涉及合共約9萬方呎樓面,呎租逾30元,每月租金約300萬。

AIRSIDE 樓高47層,總樓面190萬方呎,其中32層為甲級寫字樓,提供約120萬方呎樓面,呎租逾30至49元,除了南豐總部由中環遷入,租客大多數為外資公司,包括有法國賽博集團香港分公司及柯尼卡美能達商業系統。

項目商場佔地70萬方呎,今年9月試業時,出租率高逾90%,大型超市city'super 租用面積達2.5萬方呎,日本 MUJI 無印良品亦承租逾1.2萬方呎。

(星島日報)

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代理行:受惠利息見頂回落 今年工商舖交投料升20%

去年持續受高息環境及內房危機影響,投資市場表現疲弱,工商舖成交持續低迷。據一間本地代理行統計,去年全年共錄3843宗工商舖成交,總金額錄得約610.13億,按年分別跌約14.3%及25.7%。踏入2024年,利息見頂,市場料聯儲局作適度減息,工商舖成交宗數有望按年升約20%。

細價項目受移民追捧

該行負責人表示,政府重啟工商舖投資移民,新增上限1000萬非住宅物業獲準投資,市場反應向好,料2024年工廈及乙丙級寫字樓將持續受惠,全年工廈交投有望上升15%,租售價升幅5至10%;寫字樓交投則有望回升25%,但由於利息高企及全球經濟疲弱料持續至2024年,料全年寫字樓整體租金升幅不超過5%。

在工商舖範疇中,內地政府正實施擴張性貨幣及財政政策,未來將有更多內地資金流入本港,中資買家將在物業市場中佔相當比重。而內地刺激經濟措施成效亦有望在今年顯現,除傳統核心區銅鑼灣及尖沙咀區外,未來零售商戶擴充範圍將擴大至中環及旺角,料商舖成交量按年升20%,核心區商舖租金將升5%至10%,民生區微升約5%。

舖位租金料升515%

該行代理表示,港府正積極吸納創科企業來港設研發中心,為本港工廈市場帶來支持,料2024年工廈租售價有望錄5%至10%增幅。

(星島日報)

 

中環中心頂層意向呎租100元

由君豪集團總裁石金禹持有的中環中心頂層單位,推出招租。有代理表示,中環中心79樓02室,建築面積約9602方呎,意向呎租約100元,月租接近100萬。

君豪集團石金禹持有

該代理又說,該單位位處大廈頂層,採用無柱式及高樓底設計,可飽覽360度維港海景及山景,物業更連華麗裝修及傢俬,租戶可即租即用。

石金禹早在2017年向太和控股以7.38億購入中環中心頂樓全層,建築面積約13213方呎,呎價約55854元,當時創下全港寫字樓呎價最高紀錄,物業一直作為自用,他並於2019年以760萬購入該廈地庫一個車位,去年3月,再分別以538萬及600萬增持該廈車位。

(星島日報)

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羅家寶蝕賣中環士丹頓街舖

舖位買賣淡靜,資深投資者亦蝕讓沽貨,羅家寶旗下中環蘇豪區士丹頓街地舖,以近2500萬連約易手,持貨12年,帳面蝕讓逾1000萬,物業貶值約30%。

作價2500 12年輸千萬

中環士丹頓街52至56號低層地下B號舖,面積約600方呎,半年前以3600萬放售,近月大減至2800萬,最後再減300萬,以約2500萬沽售,平均呎價約4.16萬。

現址租客為食肆,每月租金約2.88萬,租期由2023年8月至2026年8月。

羅家寶於2011年5月透過永康亞洲有限公司購入該舖位,當時作價3580萬,交易後帳面蝕讓1080萬,幅度為30%。

(星島日報)

 

荃灣國際企業中心三期 高層叫租18萬

商廈投資市場表現略見回穩,據資料顯示,去年11月份商廈註冊宗數錄51宗,按月反彈約6%,而優質商廈業主更為惜售,情願選擇出租賺取穩定回報,如現放租的荃灣國際企業中心三期高層全層,平均呎租約16元,租戶可按所需承租單位大、小。

租用面積 可按需求調整

有代理表示,有業主放租荃灣大涌道18號國際企業中心三期高層全層單位,面積介乎約960至約11,310平方呎,租用面積可根據用戶需求彈性調整,業主意向月租金約18萬元,平均呎租約16元。

是次放租單位樓底極高,空間感十足,落地玻璃窗令採光度十足,單位亦附設寫字樓裝修,可即租即用,幫助用戶節省時間及支出,另外可配充電車位,方便駕車人士出入。

國際企業中心三期為荃灣西罕有指標式甲級商厦,2021年落成,質素上乘,受到許多大型企業追捧,大廈亦設有3部載客升降機及1部載貨升降機。

該代理續指,該廈地理位置優越,緊接機場、港珠澳大橋及各關口,企業之間商務往來十分便利,加上鄰近行人天橋,可徒步至區內各重要地標,大廈附近有愉景新城、荃灣廣場等大型商場,又比鄰文藝空間南豐紗廠,生活休憩配套齊全。而近來商廈市場錄得大手成交及租賃個案,料會帶動市場資金流入本港商業物業,是次優質單位料會受用家歡迎。

(經濟日報)

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