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Presale applications rise to three-year high


Developers have applied for the presale consent for three projects that offer 2,966 units altogether, the most in three years, while more buyers rushed to buy homes in Yuen Long and Hung Shui Kiu.

Government data also showed that only 508 private homes were completed in August, down 53.7 percent month-on-month to a seven-month low.

Meanwhile, Noelle Kwok Hew-yin, the daughter of Thomas Kwok Ping-kwong, the former joint chairman of Sun Hung Kai Properties (0016), bought a 4,597-square-foot luxury home at 33 Island Road in Repulse Bay for HK$505 million.

The apartment includes a 2,600 -sq-ft garden and the per-square-foot price was HK$109,854, according the Land Registry.

Kwok's daughter paid a stamp duty of HK$21.5 million, or 4.25 percent of the property price, meaning the flat was her starter home. The seller was a company registered outside of Hong Kong named Linkful Shares, which enjoyed a paper gain of HK$205 million, or 68 percent after holding for 10 years.

Local media reported that the former owner was actually billionaire King Pak-fu, who ranked 165th on the Forbes Chinese Rich List in 2015 with a net worth of US$1.9 billion (HK$14.8 billion) at that time.

He was engaged in the IT business in the 1990s and then set foot in the mainland real estate market. In 2010, King moved to Hong Kong and successively took over three Hong Kong shell stock listed companies.

However, things changed in 2018 with many giant financial players like China Minsheng Investment Group and China Huarong Asset Management (2799) going into a series of debt crises, dragging King and his companies down along with them.

(The Standard)

 

Hong Kong’s ‘big four’ developers stand to win big from government’s proposed Northern Metropolis

The metropolis covering 300 sq km of area includes 600 hectares of farmland, wetland and brownfield sites partly held by big developers

Sun Hung Kai Properties, CK Asset, Henderson Land and New World own a total of 106.3 million sq ft of farmland in designated hub: CGS-CIMB

Hong Kong developers sitting on massive holdings of farmland are expected to be the biggest winners of the government’s latest proposal to develop a new hub called Northern Metropolis.

While the plan covers an area of 300 sq km, the government will develop 600 hectares (1,480 acres) of land including farmland, wetland and brownfield sites, some of which is held by developers and private owners.

Sun Hung Kai Properties, CK Asset, Henderson Land and New World Development, the city’s top four by market value, together own a total of 106.3 million sq ft of farmland in the designated area, according to CGS-CIMB Securities.

“The four largest developers will stand to benefit the most among the local players from the new policies, due to their huge farmland reserves and extensive experience in developing farmland-converted mixed-use developments,” a brokerage report said.

While some of the farmland might be acquired under local laws by the government for public housing and infrastructure, developers will still have profit margins of about 20 to 30 per cent because of the extremely low cost of land, the broker said.

Chief Executive Carrie Lam Cheng Yuet-ngor on Wednesday said an innovation and technology corridor will serve as the engine of the Northern Metropolis. It will also include a new cross-border railway linking the city to the Qianhai economic zone in Shenzhen, and an extension of a local rail link that will stimulate development across Hong Kong’s rural hinterland.

Once the entire Northern Metropolis is fully developed, as many as 926,000 units, including the existing 390,000 flats in Yuen Long and North districts, will be available to accommodate 2.5 million people in 20 years, she said.

The metropolis will include existing new towns in Tin Shui Wai, Yuen Long, Fanling and Sheung Shui and their neighbouring rural areas, as well as six new development areas under planning or construction. They are Kwu Tung North/Fanling North, Hung Shui Kiu/Ha Tsuen, Yuen Long South, San Tin/Lok Mak Chau, Man Kam To and The New Territories North New Town.

Under this plan, CK Asset and Henderson Land could have their wetland sites around Mai Po acquired by the government, an analysis report said.

Henderson Land had the largest holding of farmland in Hong Kong at 44.6 million sq ft as of June, according to its interim report. It said about 100,000 sq ft in Kam Tin was resumed by the government in the first half for public use for which it received a payment of HK$80 million. Another 1.26 million sq ft in Fanling New Development Area and Kwu Tung New Development Area was taken by the government in 2019, for which it was paid HK$1.75 billion

Still, Henderson Land has more than 4 million sq ft of gross floor area in the Fanling and Kwu Tung new development areas, according to its interim report.

SHKP holds 31 million sq ft of farmland, making it the second largest holder, while New World Development and CK Asset own 17.9 million sq ft and 12.8 million sq ft, respectively.

The shares of the city’s property developers continued to rise for a second day following the announcement of the Northern Metropolis plan.

Henderson Land jumped 7 per cent, SHKP advanced 2.4 per cent, New World Development rose 3 per cent and CK Asset added 1.2 per cent on Thursday.

(South China Morning Post)

 

中環中心連錄承租 每呎78元屬市價水平

隨疫情持續平穩,帶動甲廈租賃交投轉活,「小巴大王」馬亞木持有的中環中心錄連環承租,其中高層單位以每呎約78元租出,屬市價水平。

代理指出,上述為「小巴大王」馬亞木持有的中環中心高層07至11室,面積約10675方呎,以約83.265萬租出,平均呎租約78元,上址舊租每呎90元,故租金下跌約13%。

「小巴大王」馬亞木持有

另一個案為該甲廈中層08至12室,面積9897方呎,以59.38萬租出,平均呎租約60元。該代理指,上址亦由馬亞木持有,早前每呎租金為70元,故租金下跌約14%,上述兩宗租金均屬市價水平。

資料顯示,馬亞木於今年7月以6.93億沽出該甲廈26樓全層,以面積2.5萬方呎計,呎價約27720元,買家為紀惠集團。

較舊租跌13%至14%

有外資代理行指出,本港甲廈租金於今年第三季按季下跌約1.5%,較第二季的2.6%跌幅已見放緩,空置率則續升至9.3%,涉及樓面約580萬方呎,該行指出,中環跟其他地區的租金差距收窄,非核心地區的租金或會受壓,展望明年,料明年整體甲廈租金跌10%,中環區則下跌約5%。

該行代理指出,近期股市急跌,但首次公開招股申請仍然踴躍,成為了中環寫字樓市場背後兩股平衡力量。展望未來,各區之間的租金差距繼續收窄,經濟展望不明朗,加上供應量增加,或令非核心地區寫字樓的租金進一步受壓。

(星島日報)

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西洋菜街鋪每呎200元跌60% 租金重返16年前 美容店取代鐘表行

受疫情等因素打擊,核心區鋪位租金跌勢未止,消息指,旺角西洋菜南街地鋪於交吉逾一年後,獲美容中心以18萬承租,取代鐘表行進駐,平均呎租約200元,租金急挫約6成,並重返16年前水平;據業內人士指出,現今核心區遊客絕迹,單靠本地消費難以支撐大市,拖累租金持續下滑。

上述為西洋菜南街69號地下及閣樓,面積約900方呎,閣樓約700方呎,交吉一年,市場消息透露,剛以約18萬獲美容中心承租,呎租約200元,該鋪舊租客THE SWATCH GROUP (HONG KONG) LIMITED,2013年以月租68萬進駐,2016年時續約時月租45萬,租約至今年8月,惟去年7月提早遷出,最新租金急挫約60%,較高峰期更回落約74%。

交吉一年始獲承租

據土地註冊處資料顯示,上址業主於2007年以約1.12億購入,以公司名義TOP RAINBOW LIMITED (高虹集團有限公司) 持有,註冊董事為莫姓人士,以最新租金計,回報僅1.9厘。

盛滙基金創辦人李根興評論指,西洋菜南街屬鋪市「重災區」,上址最新租金重返2005年、即約16年前水平,政治運動及疫情等負面因素重創鋪市,加上中港兩地未通關,遊客絕迹,傳統核心區單靠本地消費難以支撐大市,拖累租金急速下滑。

代理指出,旺角西洋菜南街現今吉鋪數量逾20間,部分丟空逾一年,現時以短租主導,租金普遍跌約75%,短租客包括手機用品、電子數碼產品口罩店及家庭用品等。

百年老店「老鳳祥」今年六月遷出的旺角亞皆老街與西洋菜南街交界「鋪王」,交吉兩個月後,獲樓上燕窩莊以短租形式承租,月租約30萬,較舊租跌約80%。

駱克道地鋪7150萬售

據土地註冊處資料顯示,灣仔駱克道468號鑽石大樓地鋪連閣樓,上月初以7150萬售出,買家CLAY THE RACCOON HOLDINGS COMPANY LIMITED,註冊董事為陳姓人士,原業主於1978年以80萬購入,持貨43年帳面獲利7070萬,物業期間升值約88.3倍。上址地鋪連閣樓總樓面約2000方呎,呎價約35750元。

(星島日報)

 

50大甲廈首3季 131買賣按年升1.6倍

今年第三季商廈勝去年,有代理行統計指,首三季錄131宗商廈買賣,按年升1.6倍。

該行數據顯示,今年首三季50大甲廈合共錄得131宗買賣,較去年同期的51宗大幅增加1.6倍,成交面積合共56.25萬平方呎,按年更大升2.1倍,反映今年的成交不乏大單位、大銀碼物業。

今年首三季的成交量集中於九龍,期內共錄得78宗,佔整體約6成,其次為港島的27宗及新界的26宗。若以大廈劃分,沙田石門京瑞廣場共錄14宗,屬表現最好的大廈,其次為葵涌新都會廣場及中環的中環中心,期內均各錄得12宗買賣成交。

九龍區的成交較為分散,最多為尖東新文華中心的11宗,及觀塘寧晉中心的7宗。

中環環球大廈3年未發市

統計指,多個傳統核心區甲廈交投慢熱,除了中環中心錄得較多買賣之外,其餘多座傳統指標甲廈成交量低迷,例如一向屬交投集中地的上環信德中心及金鐘力寶中心,今年以來分別只錄得1宗及3宗買賣,信德中心的成交量較去年同期還要少。此外,中環環球大廈及灣仔會展廣場辦公大樓等今年暫仍未錄得買賣,而環球大廈更已經連續39個月未錄得成交,相當於冰封超過3年。

代理表示,本地疫情緩和,加上受惠去年低基數效應,令到今年首三季的指標甲廈交投大幅反彈。不過,近期的指標甲廈買賣成交有放緩的迹象,主要因為早前股市表現波動,加上近期多個甲廈新項目推出拆售,包括觀塘觀塘道368號、長沙灣荔枝角道888號,以及快將推出的黃竹坑宏基匯等,吸去部分市場購買力,令到二手指標甲廈交投略為放緩,但整體而言商廈市場氣氛仍然平穩。

(經濟日報)

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市況持續向好 投資者趁機沽貨

疫情緩和下,投資市場向好,不少財團四出尋找物業投資,而持重貨的投資者趁機沽貨套現,稍作減磅。

投資市場平穩向好,舖位、全幢物業等承接力不俗,個別業主趁機加快沽貨。近月積極出貨的鄧成波家族,第二季連環沽貨涉逾百億元,近日再度推出數10億元物業放售,個別獲得承接,包括深水埗欽州街51至53號全幢,以約1.23億元成交。該項目為兩幢相連的樓宇,樓高4層,早於1932年落成,列入一級歷史建築的戰前舊樓。舖王波叔早年收購,其中以3,830萬元購入深水埗欽州街51號,其後再購入53號全幢。早年項目獲批出圖則,可興建1座25層高商住樓宇,總樓面面積約2.16萬平方呎。

鄧成波家族蝕讓沽禮頓道舖

另外,銅鑼灣禮頓道33至35號地下,面積約2,800平方呎,以約1.8億元成交,呎價約6.4萬元。據了解,舖位由中銀 (02388) 租用,較早前以每月56萬元續租。物業由舖王鄧成波家族持有,波叔於2017年斥2.15億元購入,家族成員較早前以約2.7億元放售,現減價逾3成沽貨。持貨4年轉手,蝕約3,500萬元離場。

商廈方面,灣仔莊士企業大廈多層樓面易手,當中涉及項目5至23樓其中18層樓面,其中16至24樓9層,屬酒店用途,提供500間房。項目總樓面約44,829平方呎,以4.15億元成交,呎價約9,257元,由投資者購入。波叔早於2014年,以約3.6億元,向投資者紀寶購入灣仔莊士企業大廈15層樓面,其後再分階段購入3層,合共持有18層樓面,總涉資約4.32億元。如今家族以4.15億元沽出該批樓面,仍蝕約1,700萬元離場。

至於工廈,該家族亦沽出觀塘開源道62號駱駝漆大廈第1座1樓全層,面積約14,795平方呎,涉約1億元,呎價約6,759元。鄧成波家族於2010年以約4,700萬元購入,持貨11年,帳面獲利約5,300萬元。

佳寶8500 售土瓜灣自用舖

另一沽貨較積極財團為佳寶,該集團頻頻沽舖,如最近以8,500萬售出土瓜灣靠背壟道自用舖位,持貨6年料實蝕約500萬元離場。物業面積約3,000平方呎,以租金20萬元計,料買家享回報約2.8厘。

此外,他早前亦沽出西灣河及屯門舖位,其中西灣河街129至133號利基大廈地下2號舖連閣樓,以1.22億元成交,舖位面積約8,400平方呎,現由百佳超市租用。佳寶於2012年以8,960萬元買入,持貨9年轉手,帳面獲利約3,240萬元。另外,集團以約8,200萬元,沽屯門鄉事會路112至140號雅都花園地下8號舖,面積約3,435平方呎。

分析指,由於整體投資市況向好,特別舖位租售價從低位反彈,吸引投資者重新留意入市。個別持重貨的投資者,因資金安排等原因,有需要沽貨套現,而趁現時市況理想,加快推售物業,獲一定承接力,預計投資者把握機會,續推售物業。

(經濟日報)