本港与内地通关后，近期市况渐有起色，大手买卖渐活跃，继早前沽出新蒲岗全幢酒店，新世界再趁势减磅，沽售旗下观塘鸿图道 KOHO 全幢商厦，作价约17亿，平均呎价约7766元，物业8年间升值约7%。

近年积极放售旗下非核心物业的新世界，近期再有新动作，市场消息透露，旗下观塘鸿图道73至75号 KOHO 商厦，亦觅得新买家，全幢以约17亿易手，以总楼面约21.89万计算，平均呎价约7766元，新买家为收租客，预料回报约4厘，物业以买卖公司形式进行，买家无需支付相等于楼价4.25%釐印费。

平均呎价7766元

KOHO 位于鸿图道73至75号，前身为建大工业大厦，楼高13层，1楼至12楼为写字楼，地下则为停车场及商店，每层面积由1.6万至2.45万方呎，地下为停车场及商店，2013年，鹏里资产以9.8亿购入建大工业大厦，将之活化为写字楼，成为区内首幢活化工厦项目，工程费用约1.7亿，并将大厦易名 KOHO (KOwloon Head Office)，2014年10月，由新世界以约16亿承接，今番沽售帐面获利约1亿，物业于8年间升约7%。

KOHO 位处地段现规划「其他指定 (商贸)」用途，佔地约2万方呎，去年9月，新世界向城规会申请放宽地积比率，由12倍放宽至14.4倍，将该厦重建为1幢楼高33层的商厦 (另4层地库停车场) 提供办公室及商店等，总楼面约28.8万方呎，较现有楼面多逾30%，近期，获规划署亦不反对申请。

属工厦活化写字楼项目

新世界于去年12月，亦沽出新蒲岗九龙贝尔特酒店，作价20亿，佔地约23800方呎，设有约690间客房，买家为美国私募基金AG伙拍宏安地产。

有代理表示，观塘开源道55号开联工业中心1楼，建筑面积约5710方呎，以3540万放售，平均呎价约6200元，该单位可从地下由楼梯直达，低层用途广阔，可申请食堂、教育或者作零售用途。

该单位拥写字楼及货仓装修，设有会议室、洗手间及冷气配备。大厦于1985年落成，设有云石大堂，车场可入40呎货柜。开联工业中心位处观塘开源道，工商厦及酒店林立。

观塘鸿图道73至75号 KOHO 全幢，以约17亿易手，新买家为收租客，预料回报约4厘。

(星岛日报)

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湾仔卓凌中心1330万售15年升值72%

资深投资者罗守辉旗下的TOYOMALL近期积极沽售，最新再沽出湾仔卓凌中心一个单位，作价1330万，平均呎价8504元，15年间升值逾72%。

平均每呎8504元

上址为卓凌中心10楼A室，建筑面积约1564方呎，以每呎约8504元易手，涉资1330万，新买家购入物业，需支付相等于楼价4.25%釐印费，涉资约56.5万，TOYOMALL于2008年以770.58万购入该单位，平均每呎4927元，持货15年，帐面获利559.42万，物业升值逾72%。

TOYOMALL早前沽售香港仔朗盈商业大厦基座，作价5200万，买家为南记粉面，亦是租客之一，今番转租为买，持有物业自用兼收租。

南记粉面购香港仔巨铺

香港仔东胜道10号朗盈商业大厦1至4楼连平台，早前以5200万易手，买家为南记粉面，以月租14.15万承租1楼，租约至今年4月，续约月租15.28万至2024年4月，今番购入物业自用。1楼为德善医疗，月租3.5万，租期至2024年4月，续约月租4.2万至2027年4月。TOYOMALL早于2003年以600万购入该物业，持货19年，帐面获利4780万，物业升值近8倍。

(星岛日报)

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港铁小蠔湾住宅项目流标收场

刚于上周四截标的港铁小蠔湾车厂发展项目第1期，虽然有3家大型发展商入标，惟最终亦流标收场，港铁昨日宣布决定不接纳任何有关该项目的标书文件，并会于适当时间重新招标。业界人士认为，项目建筑成本高，而楼市未完全復甦，加上属「开荒牛」项目，具有一定难度，而且回本期相对较长，以致财团出价相对审慎，尤其是分红比例更成为关键，最终导致项目流标。

港铁小蠔湾是继政府招标赤柱豪宅地及市建局观塘商业项目后，于一个多月内第3幅地皮录得流标个案，业界认为除了因疫情持续打击外，楼价于去年跌幅高达15%亦是主要原因，加上楼市仍未完全復甦，导致发展商竞标意欲低迷，特别是大型地皮项目，出价亦相对审慎及保守

一个多月连环3宗流标

一家大型发展商指出，今次小蠔湾项目流标，最主要是项目建筑成本太高，发展商需要负责兴建商场及车站等设施，加上日后商场建成更要交还港铁，而且区内配套未必能够配合首期项目，出现「开荒牛」项目性质，回本期长及极具挑战，将来能够「打和」更有难度，同时楼市仍未真正復甦，发展商出价审慎及分红比例未符港铁要求，自然有机会流标。

有测量师表示，过去港铁车站上盖发展项目甚少流标，对上一次可能要追溯至大围站上盖项目。该测量师又说，项目变数不太多，相信今次流标主要原因是项目位处新发展区，而且涉及规模较大，加上未来政府有不少土地推出招标，以致发展商出价较审慎，建议港铁推措施降低发展商成本，例如港铁自行负责兴建车站设施，藉此增加项目吸引力。

回本期长 分红比例未符要求

另一测量师亦认同，该项目规模比较大，而且小蠔湾属于一个新发展区，发展商出价趋向保守，最后导致流标。测量师又说，其实小蠔湾地理上属于一个策略性位置，但需要比较长期的发展及配套，发展商现阶段对这个位置的期望比较保守，尤其是首期项目未必配合到车站即时开通。

有测量师表示，小蠔湾车厂发展项目第1期属于「开荒牛」项目，发展商需要负责兴建商场、平台及车站等设施，由于车站未必能够配合项目首期即时通车，因此具有很大挑战。测量师又说，作为整个项目的「开荒牛」，流标将会影响之后期数的进度。

据悉，小蠔湾车厂发展项目第1期不设补地价条款，惟入标发展商须提供「一口价」固定金额12亿。另外，发展商须就分红比例向港铁自行提出建议，而分红比例不设限制。此外，发展商须负责兴建商场、平台及车站设施等，商场建成后须交还港铁。项目于上周四截标，合共接获3份标书，入标发展商包括长实、新地、会德丰地产。

(星岛日报)

尖东永安广场 交通便利配套齐

尖东一带商厦林立，商业气氛浓厚，永安广场为区内甲级商业大厦，交通便利，饮食配套齐全。

永安广场于1981年落成，楼龄约42年，楼高12层，地下至3楼为商铺，包括永安百货佔用地下及地库。物业4楼至12楼为写字楼单位，写字楼楼面面积近2.2万平方呎。物业共设有6部客用升降机，可疏通人流。

L形设计 单位内笼四正

大厦设计呈「L」形，单位内笼四正，未有多餘角位。由于楼面较大，故可分间出15个单位，最细单位面积由1,000多平方呎起，适合不同用家。景观方面，物业处临海地段，单位拥全落地玻璃，向梳士巴利道单位，可望无遮挡海景景观。另一边单位望向漆咸道南一带楼景及公园景，十分开扬。

交通方面，物业举步直达港铁尖东站及尖沙咀，附近亦设有巴士总站，提供多条行车路綫，直达港九新界，十分方便。

饮食配套方面，物业邻近尖东海旁，大厦地下至尖沙咀中心、帝国中心等地下，均设有特色餐厅及酒吧，物业邻近五星级酒店香格里拉，而尖东一带亦有多间酒店，提供商务午餐。另外，步行5至10分鐘可到达K11 MUSEA商场，内有多间餐厅、商店等提供，配套齐备。

买卖方面，今年永安广场今年暂录1宗买卖成交，为物业低层03室，面积约1,200平方呎，以2,200万元成交，呎价18,333元。物业去年录3宗成交，去年6月，物业中层06室，面积约1,382平方呎，以1,769万元易手，呎价12,800元。去年4月录2宗成交，分别为中层06室，以及08至09室，面积约1,382及2,318平方呎，成交价1,520.2万及2,230万，呎价11,000元及9,620元。

(经济日报)

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低层单位放租 意向呎租45

尖东永安广场为尖沙咀东核心商业区的指标商业大厦，质素颇佳，物业低层单位正进行放租，意向呎租45元。

面积3151呎 逾14万放租

有代理表示，有业主放租永安广场低层04至05室，面积约3,151平方呎，现以14.18万元放租，呎租约45元，单位主要享有开扬海景，同类供应甚为罕有。上一手租客为金融商业公司，室内装修雅致，甚为宽阔，间隔四正，空间感十足。

物业去年租务成交表现不俗，共录得17宗租务成交。最新一宗为高层03室，面积约913平方呎，成交呎租约35元。另外，11月份高层13室，面积约894平方呎，以每呎约26.7元租出。物业去年10月份共录得3宗租务成交，当中，呎租最高属中高层09室，面积约1,241平方呎，成交呎租约50元。

(经济日报)

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Warmer price outlook drives One Stanley

K&K Property plans to sell by tender the luxury project One Stanley as early as the second quarter as sentiment in the property market has improved.

The smallest unit would be 800 square feet and the prices will refer to similar projects in the Southern District of Hong Kong Island, as well as Ap Lei Chau and Wong Chuk Hang.

The transaction price of the larger units had recently reached up to HK$50,000 a square foot, said Tony Cheng, the investment and sales director of K&K.

One Stanley is designed by Robert Stern, a New York City-based architect and the founding partner of the architecture firm Robert A M Stern Architects.

Stern has been the designer of many luxury projects in Hong Kong, including Mount Nicholson and The Morgan on the Peak.

One Stanley, a low-density project, has a site area of 272,300 sq ft and a buildable floor area of 226,000 sq ft, while the area with plantation is 81,000 sq ft, accounting for 30 percent of the total site.

The projects will offer 50 flats in 11 four-storey buildings and 32 independent houses.

Cheng predicts prices of luxury homes could rise 10 to 15 percent, compared with the estimated growth of 5-10 percent for other private homes, citing the rising transactions after China's reopening, the expected peak of interest rates in the third quarter and the Top Talent Pass scheme by the Hong Kong government.

In Kowloon Tong, a luxury house on Oxford Road is up for sale with an intended price of HK$450 million, or HK$58,000 per sq ft, an agent said.

Four houses on Plantation Road on The Peak jumped into the market by starting the tender sale this Friday.

For private homes, The Vertex in Cheung Sha Wan, held by Twin City, sold five more flats yesterday, cashing in HK$45 million, adding up to a total of 18 homes sold in one week. The manager of the project, VMS, will put four more flats on sale on Friday, with the size ranging from 408 to 439 sq ft.

And there are more new homes to come.

Star Group (1560) said the project After the Rain in Yuen Long expects to release the first price list in March, offering at least 67 units in the first batch for "reasonable" prices. And in Tuen Mun, Sun Hung Kai Properties (0016) will upload the prospectus of Novo Land 2B this week, involving 729 units.

(The Standard)

Hong Kong property developers dismiss investor confidence fears over national security law clauses in land sale documents

Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches

But real estate association says no objections registered from members and move would not affect bidding

Hong Kong property developers have dismissed fears about a drop in investor confidence after the authorities added national security clauses to land sale documents.

Provisions from the Beijing-imposed national security law were found in recent tender documents for land sales, including one for a site at the junction of Sai Yee Street and Argyle Street in Mong Kok, where submissions will close on February 24.

The document warned potential buyers they could be disqualified if they engaged in activities that endangered national safety or affected public order.

Stewart Leung Chi-kin, the chairman of the executive committee of the Real Estate Developers Association, said he had heard no objections from members, despite there being no consultation on the change.

“The latest practice will not have an impact on a developer’s desire to tender for land or not,” he told the Post. “It will not scare away foreigners who are true investors, but only those that hope to disturb and obstruct the city’s development with political motives.

Leung, also the chairman of real estate giant Wheelock Properties, said he believed the new arrangements were related to the 2019 anti-government protests.

Beijing imposed the national security law on Hong Kong in June 2020 with penalties of up to life in prison for people convicted of subversion, secession, collusion with foreign forces and terrorism.

“Now it must be clearly stated, and it’s not just Hong Kong, many countries across the world have such a security law to protect themselves,” Leung said. “Even though there are no such clauses for old land leases, the law is enforced in the city already, and people have to obey and follow it.”

Other developers echoed Leung’s views.

Nick Tang, chief executive officer of Wang On Properties, said the clause was reasonable from a business perspective.

“While it is in place, in practice I don’t think anyone will trigger this clause. Chances of that happening are very slim. So it definitely will not affect land prices,” Tang predicted. “If a Hongkonger buys anything in the US, the US government will also examine the background before allowing the investment,”

A spokesman for the Development Bureau said the Lands Department had added new provisions in land sale papers and short-term leases after the government’s Stores and Procurement Regulation was updated last August to take account of the national security law.

“Safeguarding national security is the shared responsibility of the entire Hong Kong society. For law-abiding bidders, the relevant terms should not affect their willingness to bid, and we are not worried that the terms will affect the government’s push for land,” he said.

He added the first land sale in Kai Tak Area 2A, which included the national security terms, had attracted six bidders and the site was sold by the end of last year.

The city’s property stocks were down as much as 4.9 per cent to the lowest level in six weeks on Monday, compared with a 0.1 per cent slip in the benchmark Hang Seng Index.

Donald Choi, the chief executive of property giant Chinachem Group, said: “The government always has the right to withdraw the tender or choose who can win. The government is like any landlord, who can choose the tenant or buyer. This is naturally their right.”

Allen Fong, a veteran developer who earlier worked for a state-owned developer and has more than 25 years of experience, said he did not see how construction of residential property could violate national security law, despite the legislation’s range.

“If you talk about residential, industrial property or street shops, I don’t think there will be any major violations,” Fong said. “The biggest chance is when an office is leased to a renter who violates the national security law.”

Polly Chu, a partner at law firm Withers, said the insertion was designed to underline that the national security requirement was one of the criteria along with price and specification under the government procurement process.

“Most land developers mainly consider the development cost, future revenue and income that can be generated, strategic expansion or portfolio and risk, funding and ongoing management,” Chu said.

Gary Ng Cheuk-yan, a senior economist at Natixis Corporate and Investment Bank, said the move to extend the scope of the national security law was not a surprise.

“It should not drastically change investors’ sentiment, but it will also not stop businesses from reassessing the risks in geopolitics and policy predictability in Hong Kong,” Ng said.

The Foreign Correspondents’ Club said last November it had secured a three-year lease extension on its part of the Old Dairy Farm Depot in Central after it became embroiled in controversy and was targeted by the city’s pro-establishment camp in recent years.

The association revealed the new lease contained other provisions which were standard in all government leases, including allowing the authorities to terminate it at any time with three months’ notice or with immediate effect on national security grounds.

(South China Morning Post)

MTR Corp withdraws tender for Oyster Bay residential site on Lantau Island after just 3 bids submitted in subdued market

It is the third time the bidding process for a parcel of Hong Kong land has fallen through in just over a month

Developers are hesitant to commit to large investments amid rising interest rates and uncertainty in the economic outlook

The tender for the first residential project at MTR Corp’s Oyster Bay station in northern Lantau Island has been withdrawn, the third time the bidding process for a parcel of Hong Kong land has fallen through in just over a month.

“The corporation has decided not to accept any of the tender submissions,” said a MTR Corp statement on Monday. “The corporation will retender the project in due course.”

The Oyster Bay project received just three bids on Wednesday, the lowest for an MTR project in nine years. The response was in stark contrast to the first of the rail company’s developments in Lohas Park and Wong Chuk Hang station, which fetched 11 and 14 tenders in 2005 and 2017 respectively.

The market is still very conservative even as the reopening of the border with mainland China may herald an uptick in demand for Hong Kong property, according to analysts. Developers remain hesitant to commit to large investments amid rising interest rates and uncertainty in the economic outlook.

“The borrowing cost has gone up more than triple,” an agent said. “If the asset is not generating income, it is very hard to get loans, therefore it’s even harder to get financing for construction sites.”

The withdrawal of the tender might be down to the size of the plot and the investment sum required, a surveyor said.

“As the sales velocity of existing stock is slow and the interest rate is high, the developers are looking for those quick return projects,” the surveyor said.

Earlier this month, Hong Kong’s Urban Renewal Authority (URA) rejected a tender for a big plot of land in Kwun Tong, because the sole bid from Sun Hung Kai Properties failed to meet the minimum requirement.

That failed sale followed the withdrawal of a site in Hong Kong’s southern Stanley district on January 10. The plot, on Cape Road, is the district’s biggest site for residential development in two decades.

The tender for the first phase of the Oyster Bay project includes a residential area of about 1.25 million sq ft that could provide up to 1,900 housing units, and a shopping centre with a floor area of 67,400 sq ft.

It comes as the property industry continues to digest the government’s move to build public housing units on the former runway area of Kai Tak, originally planned as a second central business district for the city.

It is the biggest MTR project since phase 13 of Lohas Park, which has a floor area of over 1.5 million sq ft and closed for tender in October 2020.

Oyster Bay had initially attracted 33 expressions of interest in December.

Donald Choi, the CEO of developer Chinachem Group, said the government should consider accepting lower offers because the market has fallen.

“Recently the market has changed relatively quickly … the government should make appropriate adjustments,” said Choi. “The government has recently offered land in a rush. Hopefully they will reconsider that.

“The government has to understand the market and cannot think prices offered would be as competitive as the market before.”

He said Chinachem did not submit a bid for the Oyster Bay project because of the “very high technical requirements” and construction costs.