觀塘敬業街甲廈新盤雲訊廣場即將開售，呎價約8,500元起，為近年東九龍最低呎價甲廈新盤，每層售價約1.32億元起
由偉華置業夥拍投資者旗下觀塘敬業街雲訊廣場甲廈新盤早前落成，大廈3至32樓為辦公室樓層，每層面積約1.5萬至1.6萬平方呎。業主首批將推10層樓面，全數以全層單位推出，呎價最低為物業3樓，全層面積約15,564平方呎，定價約1.32億元，呎價約8,500元。
(經濟日報)
更多雲訊廣場寫字樓出售樓盤資訊請參閱：雲訊廣場寫字樓出售
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全新商廈盤 蝕本價吸用家
甲廈空置率高企，有發展商以蝕本價推盤，而目標客群料為企業用家。
整體樓市現況仍一般，有發展商已貼近成本價，甚至「蝕本價」賣住宅。另邊廂，甲廈空置率高企，亦有發展商以蝕本價推盤，而目標客群料為企業用家。
近月樓市氣氛欠佳，樓價亦出現回調，發展商新盤繼續低價出擊，新盤開價普遍貼近同區二手樓價，甚至更低，更有個別發展商以蝕本價開售，如早前建灝地產發展的文曜，首批蝕本價推出，因項目每平方呎約2.06萬元，而首批折實呎價低於成本價。
事實上，新供應多的情況，甲廈市場更嚴峻。近兩年為商廈供應高峰期，樓面多達720萬平方呎。
業主面對需求弱及空置樓面多，近期推售甲廈新盤不得不面對現實，以低價開盤。
甲廈9月空置率微跌 仍達12.7%
由偉華置業等發展的敬業街41號雲訊廣場，即將於市場開售，據價單顯示，首批10層樓面，呎價由8,500至9,400元不等。翻查資料，業主早年以逾16億元，購入觀塘敬業街41號地盤，每平方呎樓面地價約5,150元，項目更於2021年10月補地價金額逾10.13億元，每平方呎約3,000元，再連同建築費，相信至少逾萬元。按最新開售呎價約8,500元，已屬蝕本價。
商廈業主亦要低價出動，正因空置率高企。據一間外資代理行最新發表的香港地產市場報告中指出，整體甲級寫字樓市場空置率略有改善，9月微跌下仍高見12.7%。中環的空置率約9.6%，而東九龍更屬重災，空置率接近兩成，難免令租售價面對壓力。因空置樓面多，令業主以首批低價作賣點，希望先有好開始，日後銷售理想，便有加價空間賺取利潤。
整體而言，近月投資氣氛一般，商廈買賣卻在近一個月轉好。上半年市場極少錄得全層商廈買賣，而在過去一個月，先後有上環信德中心、觀塘絲寶國際大廈、中環永安集團大廈、灣仔資本中心，以及尖沙咀鐵路大廈全層商廈買賣，共涉資約18億元。上述商廈，既有甲級亦有乙級，而買家絕大部分為用家，企業購入樓面自用。
息口仍處高水平，買商廈作投資，回報率不特別吸引，但對企業來說，過往因甲級商廈呎價動輒逾萬元，寧願先租用單位，同時租金仍處高位，企業難免要捱貴租。如今當商廈呎價回調3成以上，企業購入樓面長綫自用屬合適時間。近日觀塘新盤開售呎價約8,500元，相信也是主力吸納用家入市。
(經濟日報)
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曾由意大利名牌 Prada 租用的銅鑼灣2000廣場地下至3樓多層複式舖位，近年逐步拆細出租，有消息指1樓全層剛由食肆承租，月租約30萬元。
消息稱，2000廣場的1樓全層，建築面積約4958方呎，原以每月40萬元放租，近期以30萬元租出，呎租約60.5元，租戶為食肆。
零售舖租明年料微升5%
羅素街2至4號2000廣場地下、1樓至3樓，合共4層，總樓面達20040方呎，Prada 於2014年初起租用作為旗艦店，最後在2020年2月撤出。近年上址作改裝工程，舖位還原成逐層出租，當中率先租出2樓全層，建築面積約5042方呎，連鎖餐廳在2021年底以每月26.5萬元租用。眼科診所德視佳 (01846) 今年初租用地下部分舖位及3樓全層，涉及總面積約9104方呎，月租約85萬元。
另外，有外資代理行最新發表2023年第三季香港零售租賃市場報告指出，由於香港和全球經濟仍然面臨挑戰，大型零售商放緩擴張計劃，預期2024年零售商舖租金僅微升5%。
(信報)
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DBS knocks 18pc off Central office rent
DBS has won a deal to rent retail space in Central's New World Tower for 18 percent less than the asking price, according to a person familiar with the matter.
The Singapore-based bank will rent the 12,000-square-foot space for HK$1.8 million a month, less than the HK$2.2 million sought, the person said.
Meanwhile, WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank-backed company struggles with a massive debt pile and hefty losses.
It was once privately valued at US$47 billion (HK$367 billion) and now has a market capitalization of just about US$121 million.
Shares of the flexible workspace provider fell 32 percent in extended trading after the Wall Street Journal first reported the news. They have fallen roughly 96 percent this year.
(The Standard)
For more information of Office for Lease in New World Tower please visit: Office for Lease in New World Tower
For more information of Grade A Office for Lease in Central please visit: Grade A Office for Lease in Central
SHKP promises 5pc back if new flat prices fall more than 10pc
Sun Hung Kai Properties (0016) has become the first developer to guarantee buyers 5 percent back of the price they pay for its flats should they fall by 10 percent or more in the next seven months.
It indicates that the local major developer is striving to offload its unsold flats, as Hong Kong's private home prices in September fell to its lowest since April 2017 amid weak market sentiment and a high-interest rate environment.
When SHKP unveiled yesterday a new price list offering 93 units at Novo Land 2A in Tuen Mun, it also promised to return as much as 5 percent of the deal price to buyers for this batch if, during the period ending May 2024, the average monthly home price index falls below the figure of the month of when the purchase is made.
The index refers to the overall figure for selected popular developments in the New Territories, which is compiled and released by the Rating and Valuation Department.
If the index drops by 10 percent during the period, taking the cheapest unit in this price list as an example, SHKP will return HK$167,700 to the buyer who bought the flat for HK$3.35 million after discounts, though this is still less than the paper loss of HK$335,000.
If home prices do fall it will cost the developer HK$28.95 million at most under this new scheme, as the latest 93 flats are valued at HK$579 million in total after discounts.
Buyers can apply for the guarantee only once per property and must submit a written application before the end of October next year.
SHKP deputy managing director Victor Lui Ting anticipates that the new scheme linked to home prices can boost buyer's confidence in the local property market. He believes transactions next year will outperform this year and home prices will stabilize as the interest rate hike is expected to end.
The price list released yesterday features HK$13,288 per square foot on average after discounts, about 7 percent cheaper than the price list disclosed in June.
Of the 93 units there are three studios, 10 one-bedroom units, 52 two-bedroom units and 28 three-bedroom units, with prices ranging from HK$3.35 million to HK$8.93 million after discounts.
The subscription will start on Saturday and sales may come as early as next week.
Meanwhile, Emperor International (0163) released a new batch of 30 units at SouthSky in Aberdeen with an average per-square-foot price of HK$17,583 after discounts, up by nearly 3 percent from the last one.
KT Marina 1 in Kai Tak saw inquiries from mainland buyers rise, taking up about 40 percent, after the government relaxed the stamp duty targeting non-residents.
(The Standard)
Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low
The Hong Kong government rejected all four tenders for a residential site, as they “did not meet the government’s reserve price for the site”
Hong Kong’s property transaction volumes in October fell to their lowest level since February 2016 and the annual tally for 2023 is likely to hit a 33-year low
Hong Kong’s residential property market was dealt a double blow after the government withdrew a residential site in Tung Chung owing to low bids even as property deals in October fell to a more than seven-year low, highlighting the difficulty that the sector is facing amid economic uncertainty and high interest rates.
Hong Kong’s property transactions are likely to hit a 33-year low this year with October property sales falling by 24.9 per cent to 2,925, according to one of the city’s largest property agencies.
Last month’s property deals, which include sales of flats, car parks, commercial and industrial units, were the lowest in terms of volumes since February 2016, while the total value of transactions struck a 10-month low at HK$30.14 billion (US$3.85 billion), a local property agency said.
“The downward trend is likely to persist with total property transactions for the full year of 2023 expected to plummet to a 33-year low, reaching around the 58,000 mark,” the property agency said in a statement. In the first 10 months of the year, 50,726 deals were registered. Last year, 59,619 property units changed hands, the lowest since records began in 1991.
The agency originally forecast property sales to hit the 60,000 level this year.
Hong Kong’s economy grew at a marginal rate of 0.1 per cent in the third quarter compared with the second quarter, according to advance estimates released by the Census and Statistics Department on Tuesday. On an annual basis, economic output expanded by 4.1 per cent.
High interest rates, which push up mortgage rates, had also risen to a 16-year high with the Hong Kong Monetary Authority (HKMA) raising rates for a cumulative 5.25 percentage points.
The US Federal Reserve is set to meet on Wednesday (US morning hours) to discuss policy rates and many analysts believe it is likely to pause its tightening campaign. The market will parse the Fed’s statements to gain insights about the future direction of interest rates.
The HKMA adjusts its rates based on the Fed’s decision, to keep the local currency’s peg to the US dollar.
The Hong Kong government rejected all four tenders for a residential site, located in Tung Chung and measuring 10,648 square metres, as they “did not meet the government’s reserve price for the site”. This is the fifth such withdrawal for the site which is expected to yield a maximum gross floor area of 37, 268 sq m once developed.
“The government will not sell a site if no bid reaches the reserve price as assessed by the government’s professional valuers,” a statement from the Lands Department said. “This is in the interest of protecting public revenue. The reserve price is set on the day of tender closure so that the latest market conditions are taken into account.”
The four tenders submitted for the parcel of land came from a joint venture of Sino Land and China Merchants Land, and from Henderson Land, Sun Hung Kai Properties and K. Wah International Holdings.
“Bids are influenced by a myriad of factors, such as how individual tenderers assess the market conditions and the attractiveness of the site, as well as their corporate positions and development strategies,” a government spokesman said. “The government will monitor the market situation closely and announce the arrangement to relaunch the land for disposal at an appropriate time.”
Although the bids are not public information, an analyst estimated the highest bid received for the Tung Chung plot to be around the HK$2,000 per sq foot level or even lower.
A surveyor said this estimate was based on market expectations of land values in the neighbourhood. Two government residential plots in Tung Chung were sold in 2010 and 2011 at accommodation values of HK$2,378 and HK$2,708 per sq ft respectively, the surveyor added.
The low bids for the plot could have been influenced by complicated conditions to build the residential project, according to an international property agency.
“The bidding price this round should be about HK$3,000 per square foot considering the complications and the developers’ low confidence level and that is much lower than the HK$3,776 per sq ft sold in the area by the MTR in 2022,” an agent said. “The government had to withdraw the tender to balance their future revenue.”
The surveyor said the reason for the low bid could be that the infrastructure around this newly reclaimed area was not up to the mark.
“The Tung Chung East MTR Station is scheduled to be completed in 2029, i.e. six years from today, and, the sewerage system capacity for this reclaimed area would likely limit the number of flats that could be built,” the surveyor said.
“Moreover, there are many upcoming residential projects from the government and the MTR Corporation in the Tung Chung area. In short, the payback period of development in Tung Chung is long and yet the potential capital gain is not rewarding.”
(South China Morning Post)