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Secondary home prices on a downward spiral

Secondary private home prices fell to a six-and-a-half-year low after falling for three weeks in a row, according to an index compiled by a property agency.

The agency’s market index, which reflects the trend of Hong Kong's second-hand property prices, dropped 0.23 percent weekly to 150.71. For the past three weeks, it has been down by 2.1 percent.

The indexes for small and medium-sized flats and large-sized flats have dropped by about 0.2 percent and nearly 0.3 percent respectively.

Of the four districts, only Island District saw home prices rise by about 1 percent, while others reported a fall ranging from 0.2 percent to 1 percent.

With the index losing 3.87 percent this year, home prices are expected to dip about 5 percent for the whole year, as the sentiment in the secondary market remains weak and buyers have been drawn to new projects priced at market levels or lower.

In Quarry Bay, a three-room unit in Taikoo Shing was sold for only HK$ 7.9 million, or HK$11,466 per square foot, after the homeowner offered a cut of HK$2.6 million. The deal marked a paper gain of only HK$1.65 million.

Meanwhile, Regal Hotels International's (0078) bookings during the Christmas holidays are "ideal" and it is optimistic about the business during the New Year, said vice chairwoman Lo Po-man.

As more and more tourists are coming back to Hong Kong, some Regal hotels in the city have seen the prices and occupancy rates exceed 2019 levels, although two hotels near the airport haven't recovered to the pre-pandemic levels.

Lo expects the business related to the airport and exhibition can be boosted with the return of business travelers, as many large-scale events continue to resume in Hong Kong.

(The Standard)

 

藍帶啤酒代理商斥5.11 承接天后金輪天地全幢

由內地財團持有天后金輪天地全幢銀座式商廈,早前淪為銀主盤,以5.11億易手,買家為「藍帶啤酒」代理商榮興集團葉樹林家族,平均呎價約9832元。

市場消息指,金輪天地於11月13日以5.11億元易手,新買家透過榮興置富有限公司 (WING HING WEALTH INVESTMENT CO., LIMITED) 購入,該公司董事包括葉樹林、葉振國及葉振都。

平均呎價9832

榮興集團於1971年成立,創辦人葉樹林於泰國出生,返內地讀書,曾在北京任職醫生,1962年來港,棄醫從商,由雜貨舖發展成洋行,繼而拓展多元化業務,最為港人熟悉,為該集團是美國藍帶啤酒代理權。

全幢面積逾5.1萬呎

金輪天地位於電氣道及琉璃街交界,樓高25層,2020年落成,每層約2124方呎,全幢建築面積約51,971方呎,地舖租客包括萬寧等民生行業,樓上食肆主導,目前出租率約70%,呎租約45至55元。

(星島日報)