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Citibank cashes in $720m with flagship shop sale


US-based Citibank sold its giant shop at Pedder Street in Central for HK$710 million to a Taiwanese manufacturer, bringing the lender a paper gain of around HK$320 million after holding the property for 17 years.

The shop measures a usable floor area of 8,539 square feet, suggesting an average price of HK$83,148 per sq ft.

Citibank will rent it from the new owner to continue branch services, the bank's representative said in response to questions.

The property was acquired by a company called Shiny Profit, whose director is Miguel Chang Yan Shee, data of Companies Registry showed. Chang is a veteran commercial property investor.

Citibank first acquired the premises for HK$88.88 million in 1988 before selling the shop at HK$162 million in 2002.

The firm then reacquired the property at HK$390 million in 2004.

The news came as the shop vacancy rate in Causeway Bay has dropped to around 10 percent, data from a local property broker showed, as retailer and food and beverage shop keepers are rushing to rent shops ahead of the traditional peak Christmas and New Year season.

Among five core consumption areas, Causeway Bay was the top performer by posting a drop of 1.53 percentage points year on year to 10.06 percent in August, property agent said.

The month-on-month figure little changed for the district, the agent said.

Retailers as well as the food and beverage business in Causeway Bay are well supported by locals since the district is a major consumption area in the city, the agent said, adding that the rental transaction was fueled by a significant drop in rentals for some shops.

Other than that, the shop vacancy rate in Central and Wan Chai both rose year on year but inched down slightly quarter on quarter.

The figure for Central decreased by 0.07 percentage points to 20.47 percent in August, compared to July while that for Wan Chai went down by 0.15 percentage points to 14.77 percent. The year-on-year readings are 0.09 percentage points and 0.06 percentage points higher for the two districts, respectively.

Meanwhile, Tsim Sha Shui reported a 0.04 percentage point rise in its vacancy rate to 15.51 percent while Mong Kok fell 0.06 percentage points to 11.81 percent, according to the agent.

(The Standard)

 

Home price gains Asia's fastest

Two new projects with a total of 258 units will be put on the market this weekend after Hong Kong recorded the fastest rise in Asia in the second quarter.

Henderson Land (0012) will sell 128 units of the Holborn in Quarry Bay on Sunday, with the cheapest unit costing HK$5.8 million.

The first batch comprises 103 one-bedroom units and 25 studios, ranging from 220 to 260 square feet, with discounted prices from HK$5.8 million to HK$8 million, or from HK$25,309 to HK$31,507 per sq ft, said Mark Hahn Ka-fai, general manager of the sales department.

Meanwhile, Kwai Hung Group is set to launch all 130 units of Mangrove in Hung Hom on Saturday.

The prices range from HK$3.32 million to HK$9.1 million after discounts, or from HK$17,281 to HK$28,016 per sq ft.

The developer has received over 5,000 checks, which is an oversubscription of 37.5 times.

According to property agency, the rise in Hong Kong home prices is almost the fastest in Asia in the second quarter by about 2.6 percent from a year ago.

On a quarterly basis, the growth exceeded Singapore, mainland cities, and Korea, agent said.

the agent expects Hong Kong housing prices to set a new record in the third quarter and added that the low interest rate environment remains a solid factor for the sustainable longer-term price growth.

the agency's price-tracking index rose 9.2 percent on average across 55 countries and territories year on year as of June, and 10 of the world's developed economies averaged price growth of 12 percent in the 12 months to June, double that seen in key developing markets at 4.7 percent.

Another agency also expects Hong Kong prices to progress steadily in the fourth quarter with room to rise by up to 3 percent despite a downward trend in transaction volume.

It projected that the new project sales from developers will continue and dominate the market in the next quarter.

(The Standard)

 

Citibank’s sale of Central shop for US$41.1 million profit suggests market is bottoming out, analyst says

Bank sells Unit A on the ground floor of Wheelock House for HK$710 million

Price shows that prime retail is gradually bottoming out and recovering, property agent said

Citibank sold a shop in Hong Kong’s Central business district at a profit of HK$320 million (US$41.1 million) last month, according to Land Registry records.

The shop, Unit A on the ground floor of Wheelock House, was acquired by Shiny Profit Limited for HK$710 million. Citibank (Hong Kong), which has been occupying the shop for years, bought it from a company called Yeebo Technology in December 2004 for HK$390 million.

“This transaction is a commercial decision based on our global real estate strategy to drive greater efficiency from resources. Proceeds of the sale will be reinvested to support client-led growth in Hong Kong,” a Citi spokeswoman said on Wednesday. “This sale will include Citi’s long-term leaseback of the premises to ensure continued branch services, and we remain committed to serving our clients in Hong Kong.”

The sale is being viewed as indicating that Hong Kong’s shops market is bottoming out after a couple of years of economic shocks. The city’s anti-government protests in 2019 and the coronavirus pandemic, which broke out last year, have dragged Hong Kong’s visitor arrivals to almost zero, pummelling prime street rents and prices.

“This market price shows that prime retail – even though many people in the market say retail is not good currently – is gradually bottoming out and recovering,” property agent said. “People are very willing to pay a good price for prime locations,” the agent said, describing the deal as “signature” and at a “very good” price.

The acquisition by Chang Yan Shee Miguel, Shiny Profit’s director according to Companies Registry records, comes at a time when shops are being rented at a faster pace because of the government’s HK$5,000 consumption vouchers.

“With more favourable factors in the consumer market this year, such as consumption vouchers and ‘Come2HK’ arrangements, confidence in leasing in the retail and catering industries has strengthened,” another agent said. “In preparation for Christmas and New Year business, the retail rental peak season could appear earlier, which could help the leasing situation in the coming few months remain strong.”

Prime street shop rents sank 77.4 per cent in the second quarter this year from a peak in the first quarter of 2013, according to another agency. The number of vacant shops and vacancy rates of Hong Kong’s shopping districts overall, and Central in particular, slid year-on-year in the third quarter of 2021 as well, according to another agency. But vacancies will fall further in the coming six months, dominated by restaurant leases, agent said.

Meanwhile, an property agency is marketing a part of the Kwun Tong Theatre Building for an indicative price of about HK$200 million.

Separately, despite a downward trend in transaction volumes, home prices are expected to progress steadily in the fourth quarter, with room to rise by up to 3 per cent, another agency said on Wednesday.

(South China Morning Post)

For more information of Office for Lease at Wheelock House please visit: Office for Lease at Wheelock House

For more information of Grade A Office for Lease in Central please visit: Grade A Office for Lease in Central

For more information of Grade A Office for Sale in Central please visit: Grade A Office for Sale in Central

 

力寶中心高層每呎49元承租

疫情持續穩定,帶動甲廈租務交投轉活,消息指,金鐘力寶中心二座高層單位以每呎49元租出,屬市價水平。

市場消息指出,金鐘力寶中心高層06室,面積1913方呎,以約93737元租出,平均呎租約49元。代理指出,上述呎租屬近期高位,惟考慮到單位位處高層,並坐享開揚海景,屬優質單位,故認為屬市價水平。

據大型代理行資料顯示,該甲廈近期頻錄承租,其中,第2座低層8室,面積897方呎,於本月以每呎44元租出,月租約39468元;至於買賣個案,該甲廈2座24樓10B至11室,於今年5月以5800萬售出,呎價約25562元。

交易廣場三座呎租120元

市場消息指,中環交易廣場三座中層全層,總樓面約10150方呎,獲金融科技公司以月租121.8萬租用,平均呎租約120元。

商廈市場昨日亦頻錄買賣,消息指,灣仔生和大廈中層,面積約1324方呎,以1785.94萬售出,呎價約13489元;同區嘉洛商業大廈中層C室,面積約820方呎,以789.98萬售出,呎價約9634元。

(星島日報)

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花旗銀行7.1億沽中環巨鋪 38年前進駐採售後租回策略

中環核心區罕現巨鋪買賣,花旗銀行以招標形式售出中環畢打街巨鋪,作價7.1億,該銀行對此據點「情有獨鍾」,早於38年前進駐,曾一度沽貨,2年後回購,今番沽售,亦採取售後租回策略,買家為資深投資者「台灣張」張彥緒,料回報約2.5厘。

據土地註冊處資料顯示,中環畢打街20號會德豐大廈地下A鋪及地庫,於上月中以7.1億售出,買家公司名義騰倡有限公司 (SHINY PROFIT LIMITED),註冊董事為張彥緒,原業主為花旗銀行 (香港) 有限公司 (CITIBANK (HONG KONG) LIMITED),早於1982年12月以8888.2萬購入自用,並於2002年10月以1.84億售出,當時帳面賺近億元,不過,2年後,卻提價近一倍購入,於2004年12月以3.9億回購,至今持貨17年,帳面獲利3.2億,物業期間升值約82%。

市值租金約150

據花旗銀行發言人昨日回覆指,上述成交以招標形式售出,早前該項目接獲4至5份標書,買賣採售後租回策略,集團將長期租用該鋪,惟租約年期及實際租金則不便透露,並指上述交易為集團全球性房地產投資策略以作出的商業決定,強調集團無意撤出本港的銀行業務。

花旗:無意撤出本港業務

據業內人士指出,上址建築面積約11924方呎,以易手價計,呎價約59543元,花旗銀行自1983年起於上址開業至今,時間長達38年,該巨鋪市值月租約150萬,料回報約2.5厘,買家張彥緒,有「台灣張」之稱,是活躍於市場的資深投資者。

「台灣張」張彥緒承接

有代理指出,上述成交價屬理想價錢,證明核心區鋪位備受投資者追捧,該「大刁」亦為鋪位市場釋出正迅息,料鋪市有力逐步走出低谷。

資料顯示,市場消息今年初曾一度盛傳,花旗銀行有意出售亞太地區部分零售銀行業務,涉及包括南韓、泰國、菲律賓和澳洲,但仍最終未有確實定案,花旗亦拒絕就相關消息進行評論。

近期,大型銀行紛加入沽鋪行列,由渣打銀行持有的上水新豐路55至57號紹計樓地下A號鋪及入則閣,面積約1964方呎,另設入則閣1736方呎,合共面積約3700方呎,以交吉形式4680萬售出,平均呎價約12649元。

(星島日報)

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香港工中每呎7100元易手

隨着疫情逐步回穩,帶動工廈交投轉活,市場頻錄成交,其中,長沙灣香港工業中心低層單位以3401萬售出,呎價約7100元,屬市價水平。

造價3401

據土地註冊處資料顯示,長沙灣香港工業中心A座低層2室及4室,於本月初以2081萬及1320萬售出,合共涉資約3401萬,買家為蔡姓人士,其中,2室原業主於2010年以693.84萬購入,持貨11年帳面獲利1387.16萬,物業期間升值約2倍。

至於4室單位,原業主於2010年以436.8萬購入,持貨11年帳面獲利883.2萬,物業期間升值約2倍。

據業內人士指出,上述成交單位涉及樓面約4790方呎,以易手價計,每方呎造價約7100元。

涉樓面約4790方呎

據大型代理行資料顯示,該廈近期成交為B座中層8室,面積1458方呎,於本月初以875萬售出,呎價約6000元;至於租賃方面,該廈B座中層單位,面積830方呎,亦於本月以2.38萬租出,平均呎租約29元。

(星島日報)

 

觀塘三工廈補價涉逾10億 鴻圖道32號矚目將重建作商廈

政府早前推出標準金額補地價後,工廈補價個案亦增快,據地政總署資料,上月有三個觀塘工廈申請補價,共涉逾10億,當中以麒豐資本旗下的鴻圖道32號,涉及逾4.86億最多,每呎補價達3311元,至於浸會醫院持有的大業街4號亦完成補價,另外,若連同其他項目在內,上月補價收入逾14億,按月增約62%。

地政總署昨公布上月補地價個案,而隨着政府推出標準金額補地價後,有工廈業主亦加快補地價程序,當中就有三個觀塘工廈,均於上月完成補價,當中包括麒豐資本旗下的鴻圖道32號,補地價金額達4.8679億。

麒豐:標準地價模式較省時

麒豐資本董事總經理洪英偉指出,項目將會重建成30多層高商廈,可建樓面約14.8萬方呎,每呎補地價約3311元。他亦指出,上述項目料為首宗以標準地價模式完成的補地價個案,他認為該模式比較省時快捷,因傳統洽商補地價至少要2年以上,惟上述項目先後合計以約一年多時間已經完成補地價。

大業街四號上月補價

此外,觀塘大業街4號,亦於上月完成補地價,涉及金額達3.2106億,而該工廈項目由浸會醫院持有,早前曾申請放寬20%密度,以作重建,並打算重建為1幢32層高的物業,作為日間門診,以及醫療中心用途。而該項目原先由其士持有,浸會醫院以5.4億購入。

偉業街132號重建商廈

至於觀塘偉業街132號,同樣於上月完成補地價,涉及2.0736億,而業主曾向城規會申請,將項目的地積比放寬兩成,以及放寬高度限制,將重建為一幢29層高的商廈,其地盤面積約4500方呎,可建樓面約64801方呎。

實元朗地補價3.87

除上述三個工廈項目外,長實旗下元朗錦田錦泰路地皮,亦於8月完成補地價,涉及3.8788億,而地皮為住宅 (丙類) ,總樓面約13.76萬方呎,每呎樓面補價約2819元。

上述地皮位於元朗錦泰路丈量約份109地段第2206號,鄰近錦田蒙養公立學校;資料顯示,該項目早於2018年獲城規會批建8幢樓高5層 (另有1層地庫) 的分層住宅,地皮面積約17.2萬方呎,可建總樓面約13.76萬方呎,提供約200伙。 至於上月補價收入逾14億,相較7月的逾8.6億,按月增約62%。

(星島日報)

 

「觀塘戲院」舊址意向兩億放售

有測量師行獲業主委託放售觀塘通明街9號觀塘戲院大廈A座部分基座樓面 (見圖),意向價約2億,呎價約1.3萬,可以股權轉售形式交易。物業1970年落成,當時為區內知名的「觀塘戲院」一部分,吸引無數觀眾。物業逾15000方呎,其中地面層約11000方呎。此外,業主有一份已獲批改建及加建圖則,有機會額外增加數千方呎面積。

此外,另一測量師行獲業主委託放售鴨脷洲平瀾街2號全幢商住物業,具重建潛力,市場估值約9800萬,佔地1200方呎,現為1幢6層商住大廈,地下設約1200方呎地鋪,1至5樓提供3個分層及1個內置樓梯連天台複式,介乎772至1544方呎,總樓面逾4800方呎。

(星島日報)

 

觀塘東瀛遊廣場連車位 意向月租25萬

政府積極推動東九龍發展,而觀塘市中心千億重建項目正進行得如火如荼,帶動區內優質物業獲市場青睞,同時亦刺激業主放盤意慾,而新近放售的觀塘東瀛遊廣場高層全層單位,連3個車位,以意向月租約25萬元放租。

樓底極高 坐擁維港景

代理指,觀塘鴻圖道83號東瀛遊廣場極高層全層連3個車位現正放租,單位面積約10,875平方呎,業主現以意向租金約25萬元放租,平均每平方呎叫租23元。單位內籠間隔四正實用,加上樓層高,可享開揚維港海景,屬區內甲廈罕有獨立全層兼且連豪華裝修放租單位,私隱度甚高,而且單位樓底極高,空間感充裕,極為適合上市公司及跨國企業作為集團總部之用。

據市場租務成交顯示,東瀛遊廣場租金介乎每平方呎約20至25元不等,市場新近錄中層C室,面積約1,897平方呎,以約4.7萬元租出,平均呎租約25元,另高層全層,面積11,575平方呎,以每平方呎約22元租出,月租約24.9萬元。

至於東瀛遊廣場配套亦為完善,大廈設有5部客梯及1部貨梯,另設有4層停車場,方便駕駛人士使用。而位置上,物業位處臨海甲廈地段,商貿氣氛濃厚,步行至觀塘碼頭僅需3分鐘路程,而徙步前往區內地標式商場apm及港鐵觀塘站亦只需8分鐘,再者比鄰觀塘道備有多綫巴士綫往返港九、新界各區,交通配套四通八達,而放租單位條件也甚為優越,料短時間內獲實力租客承租。

(經濟日報)

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

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銀行暫不設曼翹樓花按揭

何文田傲玟被取消預售樓花事件後,銀行對小型發展商的樓花項目按揭取態更加審慎。市場消息透露,桂洪集團旗下紅磡曼翹,本周六 (18日) 公開發售,但多家大型銀行均表示暫時不接受樓花按揭申請。

區內代理透露,包括中銀、滙豐等大型銀行均表明,暫時不會為項目提供樓花按揭,建議準買家選擇建築期付款。項目推出130伙本周六發售,建築期付款及即供付款樓價優惠相差2%,而項目樓花期約1年。

發展商回應指,一直與銀行緊密協調按揭安排,大部分銀行均願意為項目提供現樓按揭。又謂買方於簽署正式合約後可向發展商提出轉換付款辦法,免手續費。

有新盤遭取消售樓紙 銀行審慎

有按揭轉介表示,大型銀行同時拒做即供按揭屬本港史上首見,相信是由於近期多個新盤出現異常延遲交樓,有樓盤被取消售樓紙,加上這次有關新盤的發展商及物業規模並非大型,因此銀行對於其樓花即供按揭的取態審慎,因此收緊相關按揭審批。

(經濟日報)

 

銅鑼灣商舖空置率跌至一成

零售及餐飲租客為趕及年底聖誕新年假期傳統消費旺季而積極承租舖位,今年商舖租賃旺季更提早出現。代理行資料顯示,8月5大核心消費區包括中環、灣仔、銅鑼灣、尖沙咀及旺角,以銅鑼灣表現最出色,最新空置率錄得約10.06%,按年大幅回落1.53個百分點。

代理表示,5大核心消費區商舖空置率中,銅鑼灣最低,為10.06%,按月維持不變,而對比去年同期則明顯遞減1.53個百分點,同時亦為各區中改善幅度最大;銅鑼灣為本港核心中的核心消費區,除了是旅客必到之處,亦是港人熱愛到訪的消遣之處,因此即使沒有遊客消費,零售及餐飲市道仍有一定支持力,加上個別舖位租金叫價顯著回落,因而獲更多準租客青睞,帶動對區內舖位租務需求穩定。

中環及灣仔商舖空置率按月錄得輕微跌幅,中環8月舖位空置率錄得約20.47%,按月減少0.07個百分點;灣仔最新舖位空置率為14.77%,按月回落0.15個百分點。

該代理續稱,九龍區方面,尖沙咀區表現較為突出,8月商舖空置率錄得約15.51%,按月輕微上升0.04個百分點,按年則遞減0.97個百分點,反映該區租舖情況理想;旺角區商舖空置率約11.81%,按月下跌0.06個百分點,按年則跌0.45個百分點。

(信報)