尖东半岛中心录一宗成交，有代理表示，半岛中心1021至1022室，建筑面积约3204方呎，以每呎11500元易手，涉资约3684.6万，原业主于2012年以约2888万购入，持货11年，帐面获利796.6万，物业升值27.6%，该单位以交吉交易，市值呎租约24元，料回报约2.5厘。
持货11年升值27.6%
据了解，新买家购入物业，需支付相等于楼价4.25%的税项，涉资约157万。
于2018年市况高峰时，半岛中心普遍呎价高达1.3万，最新造价较高位回落约11%，而于2020年疫情肆虐期间，该厦亦录1宗呎价跌穿万元交易，该厦10楼1室，建筑面积1431方呎，以1408万易手，平均呎价9839元。
(星岛日报)
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核心区甲厦租务增 太古广场1.2万呎租出
近月核心区甲厦租务有增，消息指，中环中国建设银行大厦全层，获中资机构承租，呎租约100元。另保险公司亦扩充，租用金鐘太古广场1.2万平方呎。
市场消息称，中环甲厦录得全层租务成交，涉及干诺道中3号中国建设银行大厦中低层全层，面积约6,905平方呎，成交呎租约100元。该厦比邻友邦金融中心，单位享全海景兼质素较新，故租金水平理想。据了解，新租客为中资机构。
中环中心呎租约40元
另消息称，金鐘太古广场二座中层单位租出，涉大半层楼面，面积约1.24万平方呎，以每平方呎约100元租出。据悉，新租客为保险公司，作扩充业务之用。
此外，中环中心中层04室，面积约2,460平方呎，以每呎约40元租出。至于湾仔中环广场中高层02室，面积约2,735平方呎，成交呎租约62元。
而铜锣湾方面，指标商厦之一的时代广场录两租务，涉及2座中高层楼12至16室，面积约约4,448平方呎，以每呎约50元租出。至于项目1座中高层12室，面积约908平方呎，成交呎租约50元。
中资除了租写字楼外，亦有购单位自用，消息称，尖东半岛中心高层21至22室，面积约3,204平方呎，以约3,685万元易手，呎价约11,500元，以交吉交易。据悉，买家为内地机构，购入单位自用。原业主于2012年，斥2,883万元购入单位，持货12年转手，获利约802万元，升值约3成。另湾仔乙厦金鐘汇中心低层03室，面积约451平方呎，以705万元成交，呎价约15,632元。
(经济日报)
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观塘市中心重建 拟增楼面宽高限
观塘的商厦供应继续增加，为九龙东的重要核心商业区之一，未来观塘有至少4个项目待推，总楼面涉逾500万平方呎，其中以位于市建局观塘市中心第4、5区的重建项目的规模最大。市建局最新计划将项目的总楼面增约2成半至约270万平方呎，并放宽其建筑物高度限制。
去年底已推出招标的市建局观塘市中心第4、5区重建项目，因市场气氛疲弱，于今年1月截标时仅接1份标书，项目最终难逃流标的命运。而局方在今年初亦透露，会研究加入住宅等元素重推，让中标发展商可更灵活调拨发展楼面，以作住宅、办公室、酒店和零售等，从而增加吸引力。
研究加入住宅元素 添叫座力
而据市建局最新向观塘区议会提交文件，当局建议将用地的总楼面面积增加约25%至约270万平方呎，并以总地积比率约12倍发展 (政府、机构或社区设施所涉约18.5万平方呎总楼面将豁免计算在内)。当中住用楼面面积将不多于总楼面面积约45%，餘下的楼面面积将保留作非住宅用途，用以维持观塘市中心所需的零售及商业用途。
另外，当局最新拟将建筑物高度限制，由原先获批方案的285米 (主水平基準上，下同) 提升约26%至360米，将成为九龙区第2高、仅次于484米高的环球贸易广场 (ICC)。整体方案将参考「垂直城市」(Vertical City)的发展理念，兴建1幢商住混合大厦。
观塘行动区已申拨款 改划交通网络
至于区内另一大型重建计划是「观塘行动区」，项目涵盖观塘码头广场宠物公园及比邻巴士总站等用地，政府建议将用地改划为「商业」发展用途，以发展办公室、零售、服务行业及/或食肆用途，并提供公共交通交滙处，及公眾休憩空间，总楼面约93.3万平方呎。发展局去年已向政府申请约6.1亿元拨款，为用地兴建多条新的道路、有盖行人天桥等设施，料获得拨款后，项目在4年内完成工程。
同时，伯恩光学杨建文家族于今年4月已以底价约23.49亿元，成功统一业发工业大厦1期的业权。杨氏家族于2017年亦已以约16.2亿元统一业发工业大厦2期业权，并于2021年已连同比邻的1期地盘，及年运工业大厦向城规会申请一併重建为1幢商厦，而申请亦已获城规会批准。
(经济日报)
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New flats priced 9pc below first phase amid sales slump
New flats at La Montagne in Wong Chuk Hang have been priced on average at HK$27,989 per square foot, which is 9 percent lower than the first phase of the project launched two years ago.
This came as the Land Registry revealed that Hong Kong's home sales slumped by over 25 percent year-on-year last month in both volume and value terms.
The project near Wong Chuk Hang MTR Station is being jointly developed by Kerry Properties (0683), Sino Land (0083), Swire Properties (1972) and MTR Corporation (0066).
The 88 flats in the first price list cost between HK$9.67 million and HK$30.13 million after discounts, and comprise 12 one-bedroom, 60 two-bedroom and 16 three-bed units with areas ranging from 403 to 914 square feet. After discounts, the cheapest one-bedroom is HK$9.67 million, the cheapest two-bedroom is HK$12.82 million, and the cheapest three-bedroom unit is HK$26.78 million.
A property agent estimates that the prices of the first batch at La Montagne are around 15 percent cheaper than other projects in the same area in the primary market.
Calvin Tong, director and general manager, Hong Kong of Kerry Properties, however, said the units in the first list are priced at the market level and prices may go up in subsequent lists.
Sino Land executive director Victor Tin Sio-un believes the market has digested the possibility of two more interest rate hikes by the US and it is now a good time to purchase a home.
And Swire Properties residential director Adrian To said the pricing is attractive.
Phase 4A has a total of 432 apartments featuring one- to three-bedroom flats with areas of 351 to 1,847 sq ft.
Elsewhere in Yau Tong, CK Asset (1113) has named its new project The Coast Line, which provides 886 units in two phases.
CK Asset said the second phase, involving 658 flats, has obtained presale approval and it might launch sales this month.
With new homes flooding into the market recently, CK Asset executive director Justin Chiu Kwok-hung said he did not see any "price war" for new properties and CK does not have much pressure to "destock."
Commenting on the controversial plan to build homes on the golf course in Fanling, Chiu said the number of homes planned on the site would hardly solve the city's housing shortage, but he agreed with the government's policy of constantly looking for land for development and building more public housing in various districts.
Meanwhile, Henderson Land (0012) said Henley Park in Kai Tak sold three flats yesterday, cashing in HK$24.56 million in total.
In other news, Billion Development and Project Management has requested the Town Planning Board to increase the plot ratio for a residential site in Yuen Long to build 1,850 flats, an increase of 37 percent over the previous plan.
(The Standard)
CK Asset dismisses concerns about rising interest rates and oversupply, will launch The Coast Line residential development in Yau Tong
Expected increase in interest rates in the second half of the year ‘is not a big problem’, executive says
Developer will reference other Kowloon East waterfront projects, as well as the city’s actual economic environment when deciding pricing for the project
CK Asset Holdings – the flagship property developer of billionaire Li Ka-shing and his family and one of Hong Kong’s largest builders – will soon launch its The Coast Line residential project in Yau Tong, becoming the latest company to offer a new development in the city’s weakening housing market.
The project at 8 Tung Yuen Street is being developed in two phases and will have 886 flats altogether. A second phase with 658 units has also obtained presale approvals and will be launched within the month.
CK Asset did not disclose prices for The Coast Line, but the developer will reference other Kowloon East waterfront projects, including residential developments around Kai Tak station, as well as the city’s actual economic environment, said Executive Director Justin Chiu Kwok-hung.
The company will focus on “affordability”, Chiu said. “We want to help homebuyers buy houses,” he said.
The Coast Line’s launch comes amid a decline in Hong Kong’s lived-in home prices. Prices of such properties fell in May for the first time this year, as looming interest rate increases cast a long shadow over a market facing a glut of newly built flats. Lived-in homes saw sales plummet 13 per cent to 2,411 in June, which was the weakest month of 2023. Non-residential properties saw a 5 per cent decline in sales to 735 in June from a month ago.
CK Asset is expected to give a discount of around 5 per cent, analysts said.
“We will not see a big price reduction,” said Raymond Cheng, managing director of CGS-CIMB Securities in Hong Kong. “But the developer is likely to adjust [prices to reflect] the decline in the Hong Kong property market over the past year, and it will give some discounts on the newly launched phase to attract homebuyers.”
Hong Kong home prices and volumes saw a strong rebound in the first quarter, but started to slow down in the second three-month period, Ken Yeung, a property analyst with Citi, said in a research note on Tuesday. The bank is more bearish than developers about the second-half home price outlook, as it has seen a quick decline in transaction volumes since April with abundant new supply, on the back of a higher-for-longer interest rate environment.
“We expect home prices to see a 6 per cent correction in the second half of 2023,” Yeung said in the note.
CK Asset’s Chiu is, however, confident about the property market’s outlook. “The economy will continue to improve in the second half of the year, [and] property prices will follow the economy towards a stable development,” he said.
An expected increase in interest rates in the second half of the year “is not a big problem”, Chiu said, adding that more project launches increased the supply of residential property and choices for buyers, which is a sign of a healthy market.
The market has been moving in the right direction, Chiu said, adding that he is looking forward to the long-term healthy development of the property market.
(South China Morning Post)
Hong Kong property market deal flow seen slowing further after transaction volumes fall to a five-month low in June
The number of property transactions in Hong Kong struck a five month low of 4,777 in June, down 10 per cent from May, according to Land Registry data
That trend is unlikely to reverse any time soon as Hong Kong Monetary Authority CEO Eddie Yue Wai-man warned that the cycle of rising interest rates was far from over
Property transaction volumes in Hong Kong fell to a five month low in June after declining by a tenth from a month ago, shaving nearly a quarter from the previous year’s levels as caution prevailed in one of the world’s priciest real estate markets, official data showed on Tuesday.
The number of properties changing hands, including residential, commercial and industrial units and parking spaces, struck a five-month low of 4,777 in June, down 9.6 per cent from May, according to data released by Hong Kong’s Land Registry on Tuesday. Transactions are down 24.1 per cent from June 2022 when 6,290 deals were struck and 44.4 per cent lower than the March level of 8,599, which was a 20-month high at that time.
Deal flow could shrivel for the fourth straight month hitting lows not seen since January, experts say.
“Although the United States and Hong Kong both suspended interest rate hikes in mid-June, the message is that there are still two chances of interest rate rises in the future, which made the markets cautious,” a property agent said. “The overall transaction volume will remain under pressure this month.”
The corresponding value of the deals struck fell 11 per cent month on month to HK$39.67 billion (US$5.07 billion) in June. The decline in transaction value follows the slide in prices of lived-in homes in May, the first fall this year, as rising interest rates soured appetite.
That trend is unlikely to reverse any time soon- Hong Kong Monetary Authority CEO Eddie Yue Wai-man warned in June that the cycle of rising interest rates was far from over despite the de facto central bank hitting the pause button following 10 straight increases in its base rate since March 2022.
Bank of East Asia said it expects commercial lenders to raise their prime rates by 25 basis points in July after rising interbank lending rates, or Hibor, struck their highest levels since 2007 in June.
The agent expects the number of transactions to continue to shrink in July, to about 4,610 property units, down 3.5 per cent on the month. A property agency expects a sharper fall in July with overall property transactions declining to 4,500. These forecasts could make July the slowest month since January. Another agency echoed the view that July’s figure could fall to the lowest since January’s level of around 4,427.
Still, another agency expects deal flow to improve in August when it expects new property launches to pick up. Even though the market for new homes had the best sales performance among all categories in June, the number of deals edged up by only 3.5 per cent to 1,013 as the market watched the impact of interest rate rises.
Lived-in homes saw sales plummet 13 per cent to 2,411 in June, which was the weakest month of 2023. Non-residential properties saw a 5 per cent decline in sales to 735 in June from a month ago.
(South China Morning Post)