核心区铺位持续受捧，旺角家乐坊 FOOT LOCKER 旧址，近日由龙丰药房承租，月租约100万，该巨铺面积达1.8万呎，有机会成为全港最大间药房。

连锁鞋店 Foot Locker 今年中关闭在港全线6间分店，撤出香港，其中家乐坊地下旗舰店，该巨铺以约100万租出，租客为龙丰药房，平均呎租约55元。该铺前身长租客为 FOOT LOCKER，在2020年月租高达200万，最新租金下跌50%。

属FOOT LOCKER旧址

换言之，龙丰以约半价承租靚铺，FOOT LOCKER 撤走后，该巨铺由 AEON 百货短租。而在2014年铺市高峰期，H&M时装于2014年承租旺角家乐坊地库至1楼，合共5.4万方呎楼面，月租高达900万。

较旧租金跌50%

龙丰药房今年初承租尖沙咀「名店街」广东道一个面积逾4000呎巨铺，较2013年零售高峰期名鐘店的月租约630万，累挫84%。去年亦以月租60万租用中环皇后大道中地铺，曾由珠宝金行及运动服装店承租，高峰期月租380万，对上旧租为140万，租金跌57%。

现时龙丰药房在上水起家，过往经营连锁药房，近年改做「龙丰Mall」发展路线类似超市业务，药妆货物林林总总，目前在全港约有14间分店，家乐坊有望成为第15间分店。

(星岛日报)

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远航创办人桂四海 4.18亿购山顶傲璇

内地祥祺集团陈红天早前财困，名下豪宅、商厦均沦为银主盘被接管。其中山顶傲璇自用单位早前以4.18亿元售出，新买家为远航集团创办人桂四海，近年以8亿元连扫香港多间豪宅。

祥祺陈红天持有 沦银主盘

是次涉及的傲璇 (OPUS HONG KONG) 5楼单位连同两个车位，最初由祥祺集团陈红天2015年以3.87亿元，向太古地产 (01972) 购入作为自住，不过陈红天年初起陆续有物业被银行接管，其中傲璇单位由交通银行接管。

据资料显示，该单位连同车位早前以4.18亿元售出，新买家为 Kwai Sze Hoi 购入，跟远航集团创办人桂四海同名。

两年间 8亿入市港物业

桂四海据指在90年代创办远航集团，拥有及管理30多艘远洋船队。而桂四海家族成员则曾经在两年前以逾3.8亿元购入半山区西部波老道21号新盘21 BORRETT ROAD 两伙，连同今次购入傲璇，短短2年间以8亿元入市，而桂四海本身亦持有半山宝云道15号的独立屋。

至于成交的傲璇5楼单位实用面积约为5,154平方呎，属5房4套间隔，按约4.2亿元成交价计，呎价约8.1万元。据悉，是次属发展商2012年一手推出并沽清后，项目首度录二手成交。单位早前进行招标时，物业估值为6.8亿元，若按现时成交价计，低市值约4成。

陈红天名下另外还有两项银主物业，包括在2016年以21亿元购入的山顶歌赋山道15号豪宅，同样被银主接管，曾经在上月推出市场招标，已经在9月19日截标，不过至今仍然未见公布售出。而另一项目为市值约50亿元的红磡祥祺中心商厦。

(经济日报)

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Hong Kong’s lived-in home prices decline in August for the fourth straight month, as elevated interest rates and high inventory levels weigh

High interest rates, lack of purchasing power and growing inventory of unsold flats continue to exert downward pressure on property prices

It is widely expected that the city’s home prices are set to drop by about 5 per cent by the end of this year, after the latest round of mortgage rate increases made last week

Hong Kong’s lived-in home prices declined for the fourth straight month in August, government data showed and analysts expect the easing trend to continue for the rest of the year given the elevated interest-rate environment and high inventory levels.

Prices fell 1.4 per cent month-on-month in August, according to an index compiled by the Rating and Valuation Department. The widely watched gauge slipped to 339.2 from 344.0 in July.

“High interest rates, lack of purchasing power and stockpiling of new flats have continued to push property prices downwards,” a property agent said. The agent said that in such an environment the residential property sector will face strong headwinds for the rest of the year while forecasting a 5 per cent decline in average prices over the second half of 2023.

The agent said that although the US did not increase interest rates in September, the interest rate hike cycle is not yet over. The agent said the impact of interest rate hikes will start fading only in the second quarter next year amid expectations that mortgage rates in Hong Kong could still rise this year.

The agency expects that in the short term, the average volume of first and second-hand transactions per month will hover around 3,000-3,500 cases, and that the property market will need a significant turnaround to erase the losses suffered this year.

It is widely expected that the city’s home prices are set to drop by about 5 per cent by the end of this year, after seven major lenders, including the three note-issuing banks – HSBC, Standard Chartered Bank, and Bank of China (Hong Kong) – said they would raise their mortgage rates last week.

The payment on a typical HK$5 million (US$643,000) mortgage over 30 years will increase by 6 per cent after the mortgage rate increases, or by HK$1,430 per month to HK$24,232, according to calculations made by a mortgage broker.

As high interest rates have affected homebuyers’ desire to enter the market, the pile of unsold new flats is now in excess of 20,000 units, according to another property agency.

August’s inventory in hand, including both unfinished and ready flats, rose to 20,513 units from 19,842 units in July. The number of unsold flats has now increased for five consecutive months, and has registered a total rise of 12.1 per cent over the year from 18,292 units at the end of last December, the agency said.

Rental prices have now risen for seven consecutive months through August, increasing about 5.6 per cent over the course of the year. Prices increased 1.4 per cent month on month in August, according to the Rating and Valuation Department.

The government’s Top Talent Pass Scheme will continue to support residential rental demand, the agent said. The agent expects rents to rise by around 8 per cent this year.

(South China Morning Post)

Chinese tycoon Chen Hongtian’s seized luxury Hong Kong flat sells for US$53 million, 39% below market price

The 5,154 sq ft flat in Opus Hong Kong sold to Kwai Sze Hoi, said to be the chairman of Hong Kong-listed Ocean Line Port Development, sources say

Chen and his wife, Chen Yao Li Ni, bought the fifth-floor flat at 53 Stubbs Road for HK$387 million (US$49 million) in September 2015

Receivers for a HK$680 million (US$86.7 million) Mid-Levels flat – seized from Chinese tycoon Chen Hongtian for unpaid loans – have sold the property at 39 per cent lower than the market price.

The 5,154 sq ft flat in Opus Hong Kong was sold to Kwai Sze Hoi for HK$418 million, official records showed. Kwai is the chairman of Hong Kong-listed Ocean Line Port Development, according to sources familiar with the transaction. The family has snapped up a number of luxury properties in Hong Kong in recent years, spending about HK$800 million.

Ocean Line is an inland terminal operator in mainland China and is engaged in the provision of port logistics services. Ocean Line was listed on GEM, the second board of HKEX in 2018, according to its filings.

The Kwai family also bought two units in 21 Borrett Road, a luxury residential project in Mid-Levels developed by Li Ka-shing’s property flagship CK Asset Holdings in 2021. The two units, transacted at about HK$380 million, were sold to Kwai’s son Kwai Kun and Kwai Tsz, also believed to be one of Kwai’s family members, according to local media.

Chen and his wife, Chen Yao Li Ni, bought the fifth-floor flat at 53 Stubbs Road for HK$387 million in September 2015, according to official records. In February, the flat was seized by Bank of Communi­cations, which extended a mortgage in August 2019.

The property was one of at least three assets seized by lenders in Hong Kong as of late March from Chen, whose Cheung Kei Group owns offices, hotels and finance firms.

The receivers put the flat up for sale by tender in May, and the tender closed on August 8, according to Savills, which had been appointed the sole agent for the deal.

Developed by Swire Properties on a site long possessed by the company as a home for its executives, the Opus project is acclaimed architect Frank Gehry’s only residential project in Asia. The building twists to give each of its 12 flats a unique floor plan, and is only a nine-minute drive away from the Central business district.

The flat Chen owned, which occupies the entire fifth floor, has five bedrooms, including four with their own bathrooms, a study, a living room, a dining room and a kitchen. It has an open-plan design and a ceiling height of more than four metres, according to a property agency.