投资气氛持续低迷，近期大额投资物业上，仅工厦独撑市场。只要根据工厦与商厦、铺位多项数据作比较，便一目了然，解释为何工厦仍是一枝独秀。

今年第三季，投资气氛明显放缓，主要受美国加息步伐转急所致，与供楼相关的港元1个月同业拆息 (HIBOR)，续高于3厘水平，最新1个月同业拆息报3.21厘。

大额工商铺物业，向来由投资者入市主导，基金过去两年积极在港入市，全因在低息环境下，享稳定回报率，故过去两年投资市场整体表现不差。不过，随着息口预期持续向上，借贷成本上升，基金及本地投资者要追求更高回报率，抵销加息影响。但同时间，持货业主减价幅度未算强劲，导致成交量偏低。

基金吸纳工厦 拓迷你仓业务

单计近两三星期，市场上大额工商铺物业买卖，涉及3亿至5亿元以上实在不多，而10亿以上大手成交更是极少。从成交中，资金集中追捧同一个范畴，就是工厦。如长沙湾永新工业大厦，原由「毛纺大王」之称的曹光彪家族持有，总楼面涉约21.5万平方呎，以8.5亿元成交，新买家为私募基金黑石 (Blackstone) 伙迷你仓集团合资买入。

该基金近年积极入市，主要吸纳工厦，发展迷你仓业务。另外，新加坡迷你仓品牌StorHub以9,800万元，近日购入长沙湾长裕街18号柏裕工业中心7、8楼全层楼面，而该集团今年积极在港入市，早前亦已收购该厦单位，包括以3.5亿元，购入该厦约50%业权，如今再增持单位。

工厦回报率3.5% 胜甲厦商铺

在多项不利因素下，工厦仍是投资者，特别基金首选。若参考工商铺3项数字，一作比较便得知原因。据一间外资代理行数据，今年9月份，甲厦及商铺空置率，分别为14.4%及10.2%，两项数字均偏高，而工厦空置率，仅为2.7%。租金方面，近3年甲厦及商铺租金，分别大幅下挫26.6%及35.6%，而工厦租金却录2.1%升幅，表现相距极远。对投资者来说，回报率甚为重要，工厦现时回报率平均约3.5%，而甲厦及铺位，则低于3%。

以上多项数字，足以反映工厦受捧原因，毕竟本港商业气氛尚未回復，特别甲厦市场，空置率高加上供应多，租金持续受压，令投资者却步。相反工厦空置率低，租金有增长，数字甚亮丽，而在加息持续下，投资者定必对回报率更加重视，如今工厦回报率仍高于甲厦及商铺，故令投资者相对安心。

此外，工厦始终具备增值空间，如最近大手成交的工厦，多属基金购入，改装成迷你仓，故物业价格同时提升。既有稳定回报，又有增值空间，工厦难怪继续成投资者首选。

(经济日报)

工厦录145宗註册按月跌16% 代理行：淡市下企业偏向租用

一间代理行综合土地註册处资料显示，10月工厦註册量只录145宗，金额12.67亿，按月分别跌16.2%及26.9%。工厦买卖减少，令售价按月跌0.4%。

金额12.67亿按月跌26.9%

该行最新发表的工厦市场报告指出，10月共有约510宗租务，租金按月升0.5%，连升三个月。瞩目租务为，荃湾嘉民国际通讯中心低层2层楼面，分别以月租约101万和72.3万租出，面积分别达58569方呎和41909方呎。另外，石门永得利中心高层单位则以月租约58.8万成交，呎租约10.1元。

货仓连录大额租赁

十月份有三区平均呎价按月上升，升幅皆维持1%以内。跌幅最大的分区为荃湾区，最新报4183元，按月跌1.4%。分区呎租方面，升幅最大的分区为九龙湾和沙田 (火炭及石门)，10月呎租分别报17.7元及15.1元，按月升3.1%。黄竹坑 (香港仔及/鸭脷洲) 最新呎租为15.8元，按月跌1.5%，为跌幅最大一区。

上月录4宗逾亿成交，以基金投资者为主，他们对贷款依赖较低，无畏加息。10月最大宗亿元成交为新加坡基金普洛斯以10.8亿购入青衣清甜街8至12号全幢仓库，黑石基金亦伙同StorHub迷你仓以8.5亿向曹光彪家族买入位于长沙湾的永新工业大厦全幢。

该行代理表示，加息减少投资活动，令工厦买卖疏落，为节省成本，企业都会偏向租用物业。

(星岛日报)

代理行：上月100宗铺位註册升25%

有代理行综合土地註册处资料显示，上月录100宗铺位，在工商铺三个范畴，未及工厦的145宗，惟最瞩目成交都集中铺位。

海悦广场全幢4.5亿瞩目

上月录100宗铺位成交，按月升25%，瞩目包括，铜锣湾罗素街8号英皇鐘錶珠宝中心19楼全层，九龙城马头围道209号海悦广场全幢，作价分别1.1亿及4.25亿，海悦广场项由老牌家族俊业集团向中国海外买入，计画翻新为民生商场，项目邻近土瓜湾及啟德，区内正在变天。

该行指出，截至10月份为止，今年下半年 (7至10月份)，工商铺宗数共录1357宗，按年跌约39%，料未来2个月註册量低位徘徊，全年註册宗数或较该行早前预测的5555宗还要低。虽然预计工商铺难以在短期内回復至昔日高峰期水平，但本月宗数及金额稍回暖，微升约0.6%及8.4%，各板块表现个别发展。

工厦註册量按月降约16.2%，录145宗，金额按月挫约26.9%至12.67亿，唯一录跌幅板块。商厦註册录68宗，按月升约17.2%，10月份整体金额录39.28亿，按月升约8.4%。

(星岛日报)

Secondary home sales rise amid price cuts

Transactions at major housing estates in the secondary market rebounded amid deeper price cuts, with deals at Taikoo Shing and Nan Fung Sun Cheun falling to under HK$9 million and HK$6 million respectively.

Data from a property agency showed that 10 major housing estates saw a 175 percent jump in transactions to 11 last weekend, amid the possible slower pace of interest rate hikes by the United States and eased Covid-19 restrictions in mainland China.

Among six housing estates which reported at least one deal, City One Shatin topped the list with five deals at an average price of HK$13,200 per square foot, while transactions in Kingswood Villas in Tin Shui Wai doubled to two, despite a 4.5 percent decrease in the average price to HK$9,723 per sq ft.

Taikoo Shing's sole deal came after the owner slashed the asking price by HK$3.5 million or 29 percent to HK$8.5 million, resulting in an average price of HK$14,605 per sq ft for the two-bedroom unit.

The agency added that Taikoo Shing has reported four transactions so far in November, at HK$15,158 per sq ft on average.

Apart from the 10 estates, Nan Fung Sun Cheun in Quarry Bay saw a flat traded for HK$5.78 million or HK$11,202 per sq ft, which might be the first deal below HK$6 million for a three-bedroom unit since 2016.

Elsewhere, a flat with three bedrooms in Festival City Phase 2 in Tai Wai brought a loss of HK$1.38 million to the holder after offering a price cut of 18.4 percent to HK$10.2 million, which led to an average price of HK$13,765 per sq ft, a new estate low in the past 18 months.

Hong Kong Property also attributed the increased deals in the secondary market to the expected slowdown in interest rate hikes as homeowners continue to offer price cuts.

Meanwhile, demand in the primary market remained hot, with small units remaining lucrative to homebuyers.

Vanke Hong Kong said seven flats at Bondlane I in Cheung Sha Wan were sold on Saturday, after the 30 units offered in the first round saw a demand of over seven times the supply, with 250 pledges.

The two-bedroom flats among the released units have sold out.

The developer responded it might consider offering more units with two bedrooms for sale in the short term.

The prices after discount for the 30 units in the first round ranged between HK$4.16 million and HK$7.82 million.

(The Standard)