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Hong Kong’s home buyers pile in, posting another bumper sales weekend en route to a record month in September

Sun Hung Kai sold all 212 flats at Wetland Seasons Bay in Tin Shui Wai while Kerry Properties sold 185 of its 188 La Marina apartments at Wong Chuk Hang

The Upper Riverbank by Longfor and KWG in Kai Tak was the only project that defied the boom, with only five of 55 flats sold

Hong Kong’s buoyant home market continued to strengthen, as buyers bought 88 per cent of the 455 flats on offer at three projects in one of the biggest sales weekends this year, putting the city on track to post a record September in sales.

Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by capitalisation, posted a fourth consecutive weekend of bumper sales at its Wetland Seasons Bay project in Tin Shui Wai, selling all 212 apartments on offer, with 4,062 bidders vying for every available flat. At Wong Chuk Hang in the southern district of Hong Kong Island, Kerry Properties sold 185 flats at the La Marina project that it’s jointly developing with Sino Land and MTR Corporation.

The only project that defied the boom was the Upper Riverbank at the former Kai Tak airport site, where Longfor Group and KWG Group managed to find buyers for five of the 55 units on offer.

“Strong buying interest made the flats an easy sale,” property agent said. “Optimism in the city’s property market helps developers sell nearly all the new flats hitting the market this month.”

More property buyers are rushing into the market to get ahead of rising prices and potentially higher mortgage rates as the local monetary authority is expected to raise interest rates in lockstep with the US Federal Reserve’s tapering policy. Some investors are also looking to park their capital in fixed assets amid near-zero interest rates.

Hong Kong’s sales of newly completed homes are on track to reach a record 1,800 units in September, a 50 per cent increase from August. Last weekend, nearly 92 per cent of the 588 new flats on offer were sold, with 9,800 people registering their interests to buy.

In the second-hand market, about 5,500 lived-in homes are expected to be transacted, unchanged from last month, according to the agent.

Sun Hung Kai’s current batch of sales comprised studio units, going up to three-bedroom apartments priced between HK$4.5 million and HK$10.04 million (US$1.03 million), or between HK$13,842 and HK$19,300 per square foot after discounts of 17.5 per cent. Still, the average price was 9 per cent higher than the project’s launch in August.

Kerry’s La Marina residential project, located near the Wong Chuk Hang subway station, carried an average price tag of HK$34,708 per sq ft, up 14 per cent from its August 24 launch price.

Still, the higher price did not give buyers cause for pause, as the project received 3,466 bids, which translates to 17 buyers vying for every available unit. The project, scheduled for completion in August 2023, ranges in size from 341 to 921 square feet.

At the Upper Riverbank in Kai Tak, Longfor and KWG offered their project on a first come, first served basis.

The first units in Upper Riverbank were sold in September 2019 at HK$24,677 per sq ft, making them the most expensive residential property project at Kai Tak then. Few buyers showed interest in the project in April as the discounts offered fell short of buyers’ expectations, with the developer selling only eight out of 72 apartments on offer.

(South China Morning Post)

 

財團申強拍灣仔舊樓

市區地皮罕有,不少財團透過強拍途徑增加土儲,最新有財團向土地審裁處申請強制拍賣灣仔仁誠大廈,以統一業權發展,最新該財團集齊逾91.3%業權,市場對整個項目估值約1.67億。

市場估值逾1.67

據土地審裁處文件顯示,上述申請強拍的財團持有約91.3%業權,目前餘下2個住宅單位未成功收購,其中4樓A室市場估值約808萬,而5樓A室估值約812萬;而整個項目市場估值約1.67億。

是次申請強拍的灣仔仁誠大廈位於摩理臣山道29號舊樓,位於旭逸酒店.銅鑼灣及南洋酒店之間;項目擁有999年期地契,地盤面積約1920方呎,若以重建地積比9倍發展,可建總樓面約17280方呎。現址為1幢樓高11層商住舊樓,地下為商鋪,樓上為住宅,該廈早於1969年落成入伙,樓齡約52年。是次強拍申請的財團為Crown Center Development Limited (廣中發展有限公司) 及Carvin Limited (嘉芬有限公司) 聯合提出申請,前者公司董事為關錫錚,後者則為陳嘉裕。

仁誠大廈毗連的摩理臣山道25、27號及寶靈頓街37號地盤,亦由關錫錚或相關人士持有,料日後仁誠大廈統一業權後,將會整合發展。連同上述申請,今年以來土地審裁處暫接獲12宗強拍申請,對比去年同期23宗,按年減少11宗,跌幅約47.8%。

(星島日報)

 

東瀛遊廣場全層連三車位25萬招租

代理行表示,觀塘東瀛遊廣場極高層全層連三個車位放租,單位面積約10875方呎,業主意向租金約25萬元,呎租約23元。

單位間隔四正實用,外望開揚維港海景,屬區內甲廈罕有獨立全層連豪華裝修放租單位。單位樓底極高,空間感十足,適合上市公司及跨國企業作為集團總部之用。

(信報)

更多東瀛遊廣場寫字樓出租樓盤資訊請參閱:東瀛遊廣場寫字樓出租

更多觀塘區甲級寫字樓出租樓盤資訊請參閱:觀塘區甲級寫字樓出租

 

欣榮商業大廈全層叫價3700萬

代理行表示,銅鑼灣欣榮商業大廈高層單位連租約放售,單位面積約2327方呎,業主意向售價約3700萬元,呎價約1.59萬元。

物業間隔方正實用,屬罕有高層全層,全層單位為企業保證私隱度,單位外望部分海景,內置獨立洗手間,極具彈性,現由醫療設備公司承租,租客穩健。

(信報)