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Property market sizzles

The property market bounced back with secondary transactions soaring 41 percent week-on-week over the past weekend, and developers selling around 230 flats in new projects over the four-day holiday.

A property agency reported 75 secondary deals at ten blue-chip housing estates over the past four days, among which 31 were recorded on the weekend, surging 41 percent from a week before and the highest in seven years.

T-Plus in Tuen Mun, which offers micro flats, recorded its first second-hand transaction. A vendor made a capital gain of around HK$433,000 after selling a 131-sq-ft studio at the project for HK$2.4 million, or HK$18,321 per sq ft, according to another property agency.

In the primary market, some 230 transactions were recorded over the holidays.

Meanwhile, Sun Hung Kai Properties (0016) raised the prices of 12 flats at St Martin Phase 1 in Tai Po by about 4 percent. The developer will launch 30 flats at the project for sale on Saturday (May 9).

And some major developers are expected to launch large residential projects in the near term.

CK Asset (1113) expects to launch Sea To Sky at Lohas Park, which provides 1,422 units, as early as in May, said William Kwok Tze-wai, a director of Cheung Kong Real Estate. It obtained presale consent for the project in January.

The developer previously also said phase one of No 21 Borrett Road in the Mid-Levels would hit the market at the end of the first quarter or in the second quarter. The project offers 115 flats.

In Tin Shui Wai, SHKP in February obtained presale consent for Wetland Seasons Park phase two, which provides 699 units, and deputy managing director Victor Lui said the project may hit the market as early as this month.

Property developers are adopting a wait-and-see approach and slowing down new launches as travel restrictions and a ban on large social gatherings have battered the housing market.

Property agent believes that, developers will attract homebuyers with price cuts once the pandemic eases.

In the commercial property market, the property agency recorded six transactions at 50 grade A office buildings last month, hitting a four-month high, but transactions have languished at a single-digit level for nine months now.

 (The Standard)

 

尖沙咀金興大廈今強拍 底價6.5

由中資財團收購的尖沙咀金巴利道金興大廈,上月獲批出強制拍賣令,將於今日舉行公開拍賣,拍賣底價6.525億元起,以此計算,每呎樓面地價約7,552

金興大廈位於金巴利道4951號,物業樓高9層,設有升降機,樓齡56年,並在2018年中開始獲財團收購,之後在去年2月成功收購至86.6%業權,並且提出進行強拍重建。

及後財團繼續進行收購至99.21%業權,僅餘1個單位由於未能聯絡到小業主而未能成功購入,土地審裁處亦在上月批出強拍令,將拍賣底價定為6.525億元,並將在今日經仲量聯行舉行拍賣會。

地積比12 呎價約7550

若果項目以底價成交,按照地盤面積約7,200平方呎,目前規劃為「商業」用途,以最高地積比率12倍重建,可建樓面約8.64萬平方呎,即每呎樓面地價約7,550元。

項目由卓堡國際(香港)3間有限公司進行收購,註冊董事包括徐凱祥、蔡小亞及楊偉成。翻查資料,三人同為深圳南瑞投資有限公司董事,而徐凱祥則是本港成長,並在深圳成立投石私人智庫的科技公司。

 (經濟日報)