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More flats enter the market as prices fall


The number of completed flats and those in the presale consent pipeline has increased. At the same time, home prices have been falling amid interest rate hikes.

A total of 18,753 private homes were completed in the first 10 months of this year - 30.4 percent more than the whole-year figure of 2021, data from the Rating and Valuation Department showed.

The number of finished private homes as of October was 65.5 percent higher than the number in the same period last year and achieved 82 percent of this year's target of 22,851 flats.

However, 2,156 private residential units were completed in October - a decrease of 516 units or about 19.3 percent compared with September.

The Department also released the latest rental yields for various types of private homes - most of which showed increases. Among them, the rental return for flats under 431 square feet rose by about 0.1 percentage points month-on-month to 2.7 percent, the highest since September 2019.

Last month, the accumulated number of flats awaiting presale approval increased by 2,495 or 14 percent month-on-month to 20,579, according to the Lands Department.

Only one project was approved for presale in November: The Southside's Phase 4A of 432 flats, which is jointly developed by Sino Land (0083) and Kerry Properties (0683) at Wong Chuk Hang Station in Aberdeen.

Five projects applied for presale consent last month, involving a total of 2,919 flats. They included The Southside Phase 3B and Phase 3C, developed by CK Asset Holdings (1113), with 642 and 558 flats respectively.

Meanwhile, a property agency estimates that government revenues from property sales this year may only reach between HK$35 billion and HK$40 billion - far less than the official projection of over HK$100 billion. But the figure for next year may rebound from HK$50 billion to HK$70 billion as sales of some large commercial sites may be delayed until then.

Additionally, the property service firm projects home prices in Hong Kong to drop by 5 to 10 percent next year on top of a 15 percent decline this year, with middle and small-sized units valued between HK$6 million and HK$8 million, particularly since they are under pressure from the interest rate hikes.

Grade-A office rents are to fall by up to 5 percent next year while overall street shop rents could sink by 10 to 15 percent, as a full tourism recovery is unlikely in the short-run with travel curbs still in place, it said.

(The Standard)

 

上月錄約227宗工商鋪成交

近月工商鋪交投淡靜,有代理行指,上月共錄約227宗工商鋪成交,不但創今年單月新低,按年大跌51%,更追平2019年10月紀錄。不過,該行預期,隨着內地多個城市防疫措施放寬,市場憧憬中港兩地通關現曙光,工商鋪市場有望反彈。

代理行:按年大跌51%

該行代理表示,上月市場共錄約227宗工商鋪買賣,按月回落約10.27%,對比去年同期大跌約51.07%。金額約41.09億,與上月所錄約41.2億相若,按年則遞減約60.55%。該代理表示,加息推高成本,買家態度趨審慎,以致整體工商鋪疲弱,市場缺乏大手成交支撐下,表現淡靜;尤其寫字樓11月份成交宗數錄約24宗,為自2020年2月後新低,按月再跌約31.42%,金額降至約5.64億,按月減少近27.69%。該代理續指,工廈錄約128宗買賣,連續5個月低於200宗水平,總金額約13.75億,按月分別跌約10.49%及35.65%。業主議價心態較強硬,故買賣雙方陷膠着,令買賣交投下挫。

反觀商鋪表現尚好,11月買賣宗數與上月相若,錄約75宗,金額約21.7億,較上月反彈約80.38%。

(星島日報)

 

外資代理行:零售未走出谷底 料明年鋪租跌10%至15%

有外資代理行代理表示,展望明年,零售未走出谷底,料整體鋪租按年再跌10%至15%。只有少量餐飲及必需品仍開鋪,減租不能令空置率明顯改善。該代理預期每月零售銷貨價值在300億以下徘徊,消費力疲弱。只有與內地通關,才激活市況。

該行另一代理表示,直至2025年,港島區約350萬方呎新供應,集中中環和鰂魚涌,中環空置率較高,不排除減價戰。鰂魚涌租金再下調幅度較少,預計明年港島寫字樓全年跌3%至5%。

九龍區商廈租金微升3%

另一代理表示,九龍商廈空置率攀升至7.5%,更多公司實施在家工作、共用辦公桌,影響寫字樓需求。ESG成為現代企業關鍵要求,綠色建築脫穎而出,整體寫字樓租金有見底迹象,預計明年九龍區寫字樓租金微升3%。

又有代理表示,截至11月底市場共錄172宗交易,金額540億按年跌約35%,以全幢工廈 (24%) 及用地 (24%) 最活躍,其次全幢住宅 (20%),酒店佔12%,首6個月共錄6宗成交。該代理預料,買家要求更高回報,市場有更多銀主盤,住宅地價回落,買家抱「執平貨」心態。

投資金額540億按年跌35%

有代理說,今年下半年充斥利淡因素,股市疲軟、勞動人口萎縮、加息及環球經濟差,料住宅樓價全年跌近15%,明年再跌5%至10%。

(星島日報)