受疫情等因素打擊，甲廈租金跌勢未止。消息指，由外號「小巴大王」馬亞木持有的中環中心中層單位，以每呎約80元續租，較舊租金下跌約15%。
「小巴大王」馬亞木持有
據市場知情人士透露，中環中心5106至7室，建築面積約4233方呎，新以每呎約80元續租，月租約338640元，上址於早前由同一商戶以每呎約95元租用，並於近期決定續租，最新租金較舊租金下調15.7%，但已屬貼市水平。
據地產代理指出，上址由資深投資者，外號「小巴大王」馬亞木持有，本報於昨日向馬亞木兒子馬橋生作出查詢，惟未獲回覆。
另一方面，據本港一間代理行綜合土地註冊處資料顯示，工商鋪4月份註冊量錄374宗 (主要反映3月份市況)，按月上升約4.5%，註冊金額則錄47.39億，按月升約4.9%。該行認為，隨着第二階段社交距離措施將於5月放寬，第五波疫情的陰霾逐漸消退，預料後市將平穩發展。
該行代理表示，今年以來受疫情影響，隨著第五波疫情放緩，情況稍有改善。第二階段社交距離限制措施將於今起放寬，預料後市交投將會逐步恢復活躍。
(星島日報)
更多中環中心寫字樓出租樓盤資訊請參閱：中環中心寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
尖區銀座式商廈一籃子貨沽 投資者紀寶5億售出 12年升值1倍
疫情走勢持續放緩，為工商鋪釋出正面訊息，投資老手率先趁勢沽貨。消息指，由資深投資者紀寶持有的尖沙嘴國際商業信貸銀行大廈，屬銀座式商廈一籃子物業，以約5億易手，呎價約1.29萬，物業於12年間升值近一倍，料買家享租金回報逾三厘水平。
市場消息指出，尖沙嘴加拿芬道25至31號國際商業信貸銀行大廈一籃子物業，包括該廈1至2樓、5至6樓、8樓、10樓及15樓，總建築樓面約38514方呎，以買賣公司形式易手，作價5億，平均呎價約12982元。
地產代理指出，該廈屬銀座式商廈，上述易手物業現時由多家食肆及娛樂場所等商戶承租，每月租金收入約132.5萬，料買家享租金回報約3.18厘，屬不俗水平。據悉，上址原業主為資深投資者紀寶，早於2010年以約2.54億購入，持貨12年帳面獲利2.46億，物業期間升值約0.96倍。
買賣公司形式易手
據業內人士分析指，上述位處尖沙嘴區內核心區地段，亦屬市場罕有商廈供應，早於多年前在市場以暗盤形式放售，當時意向價高達6.5億，料買家購入作長綫收租用途。
租金回報逾3厘
據代理行資料顯示，該廈近期成交疏落，對上一宗買賣需追溯至2011年底，為該廈3樓及4樓，總樓面約1.14萬方呎，當時以約1.01億售出，平均呎價約8860元。
至於租務方面，該廈地下8室，建築面積608方呎，於今年1月以8萬元租出，平均呎租約132元，另一個案為地下1A室，建築面積920方呎，另設地庫建築面積7770方呎，於去年6月以30萬租出。
紀明寶又名紀寶，為活躍於工商鋪市場的資深投資者，他於去年底以約8000萬售出土瓜灣北帝街21至25號匯川大廈地下A至J鋪、地庫及一樓全層，總樓面8220方呎，平均呎價約9732元，物業門闊37呎，買家為本地廠家。現址三名租客，地下A鋪及地庫，面積分別500方呎及1800方呎，由紅酒館月租3.5萬，租期至明年9月30日，地下B至J鋪面積2700方呎，超市月租10.5萬，至2024年8月15日，1樓面積3220方呎，由長者日間中心承租，月租5.5萬，月收合共19.5萬，買家料回報約2.9厘。
此外，紀寶亦於2018年底以8650萬向海航集團購入銅鑼灣yoo Residence基座地下及1樓鋪位，面積約7351方呎，同年中，以8850萬沽同區新時代中心頂層全層，面積3454方呎，持貨逾14年，帳面獲利7700萬。
(星島日報)
更多國際商業信貸銀行大廈寫字樓出售樓盤資訊請參閱：國際商業信貸銀行大廈寫字樓出售
更多尖沙咀區甲級寫字樓出售樓盤資訊請參閱：尖沙咀區甲級寫字樓出售
更多新時代中心寫字樓出售樓盤資訊請參閱：新時代中心寫字樓出售
更多灣仔區甲級寫字樓出售樓盤資訊請參閱：灣仔區甲級寫字樓出售
置地暗盤放售薄扶林百合苑 市場估值逾12億 財團「吼到實」
疫情走勢緩和，樓市氣氛持續向好，豪宅物業更頻錄追捧，據知情人士指，由置地持有的薄扶林百合苑，近日以暗盤形式低調放售，項目最高可建樓面約3.22萬方呎，以近期同區洋房成交呎價約每呎3萬至4萬計算，市場估值約10億至12億，據悉，因同區甚少大型豪宅群放售，近日已有財團積極洽商中。
據知情人士透露，由置地持有多年的薄扶林百合苑，日前突然透過一家國際測量師行，以暗盤招標形式放售，據資料顯示，項目地盤面積為44800方呎，最大地積比率約0.75倍，地契限制最高可建樓面約32255方呎，而隨着該物業暗盤放售，近日已獲財團積極洽購。
有同區代理指出，近期薄扶林區的洋房成交呎價，介乎約3萬至4萬，以項目可建樓面32255方呎計，市場估值介乎約10億至12億。
可建樓面逾3.2萬方呎
此外，項目由7幢3層高的洋房組成，其中A1至A3號洋房面積為4440方呎，而B1至B4號洋房面積則為4506方呎，目前該項目所在地皮，為「住宅 (丙類) 1」用途，若買家購入後作重建，樓高最多為三層（包括開敞式停車間），最高建築物高度不得超過10.67米，以及最大覆蓋面積25%。
項目由7幢洋房組成
該樓盤位於薄扶林沙宣道46號，即在同區知名豪宅貝沙灣，以及芝加哥大學香港校園的中間，屬區內一綫地段，項目於1985年落成入伙，位置臨海，由於前方沒有建築物阻擋，可享無阻擋海景。
同時亦有區內代理指，薄扶林區豪宅交投向來稀少，而洋房業主多數為長期用家，放盤極為少有，當中屬同區較具規模的洋房盤趙苑，目前有4個放盤，大屋面積由2094方呎至2753方呎，叫價由4800萬至7350萬不等，呎價在23000至27000元水平。
此外，鄰近百合苑的海日樓，因業主大部分為自用客，成交量更甚為稀少，對上一宗成交須追溯至去年10月，其雙號屋以1億易手，以大屋面積2457方呎計，呎價約41925元。
(星島日報)
興勝創建2.11億售沙田工業中心
工廈物業有價有市，再錄大手成交。由興勝創建持有的沙田工業中心一籃子物業，總樓面約2.8萬方呎，以約2.11億易手。
興勝創建公布，售出沙田工業中心一籃子物業，作價約2.11億，包括該廈A座4樓1至23號工作間及2樓V49及V55號車位，以總樓面約28050方呎計，呎價約7533元，買家為加拿大基金公司Brookfield Asset Management Inc。
該集團通告指，出售上述物業可重新分配資金，有利日後投資用途。上述物業已出租，於2021至2022年財政年度產生318萬及348.5萬租金收入，於完成交易後，集團將失去此物業租金收入。
買家為加拿大基金公司
據代理行資料顯示，該廈近期頻錄買賣，其中，A座低層11至12室，建築面積12680方呎，於今年4月以7608萬售出，呎價約6000元；另一買賣為A座低層4室，建築面積4783方呎，於今年1月以2689萬售出，呎價約5622元；至於租務方面，該工廈近期呎租介乎14元至16元，近期承租個案為B座18室，建築面積1307方呎，於今年3月以20912元租出。
資料顯示，興勝創建於去年9月亦以約1.29億售出觀塘工業中心一籃子物業，涉及樓面約21146方呎。
(星島日報)
新世界沽非核心物業 屯門聯昌低層連地廠2.84億售
疫情持續回穩，帶動整體市場交投向好，發展商亦趁勢沽售旗下非核心物業。市場消息盛傳，由新世界持有的屯門工廈聯昌中心低層多層樓面連地廠，總樓面約7.1萬方呎，以約2.84億易手，平均呎價約4000元。
據市場知情人士透露，由新世界持有的屯門聯昌中心低層多層全層樓面連地廠，早以於市場以暗盤形式放售，於近期突告成交，並以售後租回形式易手，涉約樓面約7.1萬方呎，料買家購入作長綫收租用途，以該廈市值呎價約4000元計，成交價高達2.84億，實屬市場近期矚目「大刁」。
總樓面7.1萬呎
本報昨日就上述消息向新世界作出查詢，惟於截稿前未獲回覆；據美聯工商舖資料顯示，該工廈近期頻錄買賣，其中，中層5室，建築面積2158方呎，於今年3月以630萬售出，呎價約2919元。
事實上，新世界近期頻沽售旗下非核心物業，於今年初以約1.428億售出，長沙灣荔枝角道888號甲廈停車場，平均每個車位售價約168萬。
消息指，紅磡漆咸道北423至433號怡輝大廈地下雙號鋪，建築面積約700方呎，以約1350萬售出，呎價約1.92萬，據悉，原業主於1986年6月以77.8萬買入，持貨36年帳面獲利約1272.2萬，物業期間升值約16.3倍。
(星島日報)
更多荔枝角道888號寫字樓出售樓盤資訊請參閱：荔枝角道888號寫字樓出售
更多長沙灣區甲級寫字樓出售樓盤資訊請參閱：長沙灣區甲級寫字樓出售
灣仔商廈Novo Jaffe開售 涉58伙
宏基資本 (02288) 旗下灣仔商廈新盤「Novo Jaffe」新盤即將開售，物業位於灣仔謝斐道218號，樓高27層，3至30樓為寫字樓用途，每層面積約2,243平方呎，據悉部分樓層將分間細單位，面積約469至550平方呎起，項目合共58伙。
定價方面，消息指預計項目呎價約1.8萬元起，預計入場費約800餘萬元起。
(經濟日報)
京瑞廣場商廈中層叫價1905萬
有代理表示，沙田石門安群街1號商廈京瑞廣場二期中層Q室，建築面積約1524方呎，業主放盤叫價約1905萬元，呎價約12500元。資料顯示，業主於2016年以約1295.4萬元購入自用作教會，呎價約8500元。按市況估算，單位市值呎租約28至30元，新買家可享租金回報約2.6厘起。
(信報)
更多京瑞廣場寫字樓出售樓盤資訊請參閱：京瑞廣場寫字樓出售
更多石門區甲級寫字樓出售樓盤資訊請參閱：石門區甲級寫字樓出售
投資者開始放眼零售及酒店物業
有外資代理行回顧本年首季物業投資市場表現時指出，在本港第五波疫情下物業投資市場轉靜，各類物業的交投均有減少；然而，少數重要成交仍反映投資者繼續垂青回報穩健的物業，有望為第二季市況帶來轉機。
受疫情影響，加上其他地緣政治因素、股市波動及加息周期開始等亦對投資市場表現帶來衝擊。
若論整體市場在首季錄得的整幢/持有大部分業權的成交，從成交總額的佔比來看，工業物業成交額佔總金額的50%，零售/商場及酒店亦分佔30%及17%。
投資者方面，私募股權房地產基金在總成交金額的佔比高達56%，本地資金亦佔上44%，兩者成為首季市場的主導者。事實上，私募股權房地產基金自2020年以來在本港物業市場上的投資額達到419億元，其對工業物業更是情有獨鍾，在該類物業的投資佔比自2020年的15%急增至2021年的61%。
該行代理表示，雖然首季投資市場非常沉寂，但投資者最近已逐漸放眼於零售及酒店物業，這從近期機構投資者及基金等開始購入整幢酒店及住宅/地塊的成交可見。就零售物業前景而論，新一期消費券發放，加上疫情趨緩，社交距離措施有所放寬後，有助促進零售區的人流，為舖租帶來重要的支持；假如疫情進一步減退，通關有望，則酒店物業的前景將會更為看好。上述因素促使部分投資者掌握先機，趁物業價格已有較大回調時盡早入市。預期第二季開始隨着市場氣氛改善，市面的盤源將會增加。
該行另一代理指出，近年投資者的工業物業成交趨勢亦出現變化，從以往的成交多為發展商購入地皮興建新式工廈作為自用，到近年基金等投資者大手進行工業買賣，為分層工廈及倉庫的價格帶來支持。工業物業市場去年出現一輪熾熱成交，成交宗數幾乎是2020年的三倍，以致盤源極速被吸納，而本年首季市場遇冷，投資宗數亦按季大跌33%，至570宗，當中僅有兩宗為整幢物業成交。不過，由於疫情下電子商貿的需求有增無減，導致物流物業的需求仍然穩固，未受最近一輪疫情影響，因此投資者仍然繼續積極尋找工業物業投資機會，特別是呎價較小、回報率達3厘或以上的物業最受青睞。
該行另一代理稱，本港豪宅市場在首季開局不俗，頻錄大手成交，包括大潭道45號的5號洋房以4.538億元售出；另一幅位於淺水灣的罕有政府住宅地皮以招標方式售出，以每方呎樓面地價62355元刷新紀錄，成為呎價地王。可惜的是，本港第五波疫情爆發，加上俄烏戰事及加息周期等外圍因素，給樓市的良好勢頭澆了一盤冷水，令市場活動驟減；然而，隨着疫情逐步緩和，近期成交以特色項目為主，價格亦逐漸邁向第五波疫情前的水平，預料來季投資者及基金等對豪宅及地塊的興趣將會持續。
(信報)
鄧成波家族再放售30物業
「舖王」鄧成波離世快將一年，其家族成員繼續積極出售資產。近日市場流傳一張由鄧氏家族成員持有的物業清單，包括住宅、工廈、商舖等物業，清單附有物業的最新叫價及狀况，共30項，綜合計算，整批叫價共逾70億元。本報就上述資料向鄧成波兒子鄧耀昇旗下陞域集團查詢，發言人稱不回應。
叫價共逾70億 蔚盈軒全幢減價一成
據代理消息，該家族部分物業售價略有調整，如九龍城蔚盈軒全幢，去年放售價約20億元，近日減價至約18億元，減幅一成。若以總樓面66,428方呎計，呎價約2.7萬元水平。據悉物業每月租金收入約200萬元，若以最新叫價出售，買家可獲租金回報約1.3厘。
另觀塘開源道50號利寶時中心地下1及2號舖，面積約2076方呎，放售價亦由去年1.2億元下調15%至最新的1.02億元，呎價約4.91萬元。事實上，自鄧成波離世後，該家族接連出售所持物業，如上月就以1150萬元售出尖沙嘴北京道永樂大樓地下1A號舖，該家族早於2008年以1000萬元購入，持貨14年，帳面僅獲利150萬元或15%。
佳明相關人士7400萬購宏創方兩層連車位
另外，近日市場有不少投資者入市工商物業，資料顯示，大角嘴必發道128號新式工廈宏創方地下停車場連1樓及2樓全層，上月初以7400萬元售出，買家以恩柏投資有限公司 (YAN PAK INVESTMENTS LIMITED)，董事包括劉志華、劉凱恩等，其中劉志華為佳明 (1271) 執行董事及行政總裁，而恩柏投資註冊地址同為佳明位於尖沙嘴漆咸道南39號鐵路大廈總部。上述物業包括11個私家車位、5個輕型貨車位及兩個電單車位，另1樓及2樓建築面積共約10,627方呎，連1468方呎平台，呎價約6963元。
不過，亦有投資者趁機沽貨，資料顯示，西環卑路乍街139號金堂大廈地下A舖，面積約700方呎，連約400方呎閣樓，總面積約1100方呎，上月以3700萬元售出，呎價約3.36萬元。原業主為環亞拍賣董事總經理區蘊聰等人，2018年透過買殼形式購入，當時有傳購入價約3300萬元，持貨約4年，帳面獲利約400萬元或12%。
(明報)
更多鐵路大廈寫字樓出租樓盤資訊請參閱：鐵路大廈寫字樓出租
更多鐵路大廈寫字樓出售樓盤資訊請參閱：鐵路大廈寫字樓出售
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Island South Grade-A project launched
Sino Group and Empire Group have commenced leasing their latest Grade-A commercial project in Wong Chuk Hang Landmark South, fetching an average monthly rent of about HK$30 per square foot.
Boasting a total area of 256,957 square feet, the 30-storey office-cum-retail complex will be officially opened in the third quarter. Bella Chhoa Peck-lim, director of asset management of Sino Group, revealed that some design and architecture firms, as well as galleries have shown keen interest in the project.
Despite the trend of hybrid working mode, Albert Yiu Chi-wai, executive director of Empire Group, expects the rent in the area to be stable unlike Central, which was once hard hit by the pandemic, due to its relatively low rent and the completion of more residential and commercial projects as well as the Fullerton Ocean Park Hotel Hong Kong that will draw more people to the district.
The site was acquired for HK$2.53 billion, or HK$8,872 psf, based on a gross floor area of 284,945 square feet, and the developers are required to accommodate the Hong Kong Arts Development Council in the premises as a part of the government’s Invigorating Island South initiative.
(The Standard)
For more information of Office for Lease at Landmark South please visit: Office for Lease at Island South
For more information of Grade A Office for Lease in Wong Chuk Hang please visit: Grade A Office for Lease in Wong Chuk Hang
The Grand Mayfair I in Yuen Long is nearly sold out within a week of its launch.
At least 322 of the 327 flats available in the second round of sales launched yesterday were purchased, with developers raking in over HK$3 billion in just one day.
The flats were nearly 22 times oversubscribed before the sales, with prices ranging from HK$6.45 million to HK$14.91 million after discounts.
Together with the sales last Friday, 710 of the 715 homes in the project have been sold over the past six days, with the developers cashing in more than HK$6.6 billion in contracted sales.
The project is phase 1A of a 2,200-flat mega development that is being jointly developed by Sino Land (0083), K Wah International (0173), and China Overseas Land and Investment (0688).
Prices of phase 1B, The Grand Mayfair II with 805 flats, will be announced soon.
In Tai Kok Tsui, 18 more homes at The Quinn Square Mile will be put on the market today, and another five on Saturday, said the Henderson Land Development (0012).
Several special units will also be tendered soon, and it has recorded a contracted sales of HK$368 million from the project after selling 57 flats, Henderson said.
In Ngau Tau Kok, sales of 40 units at The Aperture will be relaunched on Sunday, the developer Hang Lung Properties (0101) said.
(The Standard)
The Grand Mayfair I project in Yuen Long enjoys strong sales as discounts attract first-time buyers
The project, developed by Sino Land, K Wah International and China Overseas Land and Investment, found buyers for 322 of the 327 flats on offer on Wednesday
Analysts predict a surge in supply, as more cut-price projects are launched in the coming months, will suppress house prices
Almost all available units at The Grand Mayfair I in Yuen Long were sold on Wednesday as buyers continue to snap up projects launched after a three-month lull caused by the fifth wave of Covid-19.
The project, developed by Sino Land, K Wah International and China Overseas Land and Investment, found buyers for 322 of the 327 flats on offer, a company spokeswoman said. It was the second round of sales after the project at Kam Sheung Road Station sold all 388 units on offer last Friday.
“The pandemic has subsided significantly, and social distancing measures have been gradually relaxed, which is good for the property market,” a property agent said. “Developers are taking advantage of the situation to push forward developments at full speed.”
Sales are likely to have been boosted by the relatively cheap prices, as developers seek to make up for lost time by shifting as many units as possible.
Prices started at HK$6.45 million (US$821,784) for a 339 square-foot flat.
The average price this time worked out at HK$18,777 per square foot, after a discount of 16 per cent. That was about 1 per cent higher than the first round, but still 12 per cent lower than the prevailing secondary market price of HK$21,400 per sq ft seen at Ocean Pride in Tsuen Wan West, according to data from a property agency.
the agent said that the relatively low prices helped boost sales as “the unit prices are suitable for first-time buyers.”
The project fetched 7,393 registrations of intent, which meant about 23 people competed for each unit.
The first batch of 388 flats sold out in one day last Friday, pushing up the first-hand sales volume in April to about 1,030, which surpassed the total for the first quarter of the year, the agent said.
Another property agency expects the overall number of property transactions in May to climb to a five-month high of some 7,000.
Hong Kong developers have already launched hundreds of flats at knock-down prices in a bid to make up for lost time as the city began to emerge from months of strict social-distancing measures that made house sales all-but impossible.
Analysts predict a surge in supply, as more cut-price projects are launched in the coming months, will suppress house prices.
Another agency expects that this year’s mass home prices to drop by about 5 per cent, a downgrade of its previous forecast of a rise of up to 5 per cent.
“We expect a high concentration of launches in the second half of 2022, with potentially over 20,000 units to be issued with presale consent, similar to the previous peak in 2018,” another agent said. “Combined with increasing interest rates, housing prices will be under pressure.”
The agency said that developers had postponed launches originally slated for the first few months of the year. Four projects consisting of 1,211 units acquired presale consent but were held back during the first quarter as fifth wave of coronavirus struck.
“The high level of expected supply in the primary market is likely to prompt developers to take on competitive pricing strategies, which in turn will exert pressure on the secondary market,” a property agent said.
(South China Morning Post)
Heitman Buys Hong Kong Industrial Asset From New World Heir for Reported $57M
Heitman has acquired an industrial building in Hong Kong’s Fanling area from a grandson of New World founder Cheng Yu-tung for a reported HK$450 million ($57.33 million), with the US fund manager planning to transform the asset into a refrigerated storage facility.
The Chicago-based fund manager announced on Wednesday that it has purchased the New China Laundry building in Fanling, in the eastern New Territories, and will convert the 101,463 square foot (9,426 square metre) property into a cold chain facility within the next 12 months.
“We are pleased to add to our existing industrial and commercial portfolio in Hong Kong by acquiring this strategically located asset from a rare corporate divestiture and look forward to executing our business plan of transforming the property into a best-in-class cold chain logistics center,” Heitman head of acquisitions for Asia Pacific Brad Fu said in the statement.
While Heitman declined to comment on the price paid for the asset or the beneficial owner of the vendor, Hong Kong’s company registry shows that the seller is controlled by William Junior Guilherme Doo, son of New World non-executive vice chairman William Doo, with local media reports putting the sale consideration at HK$450 million.
Chilled Valuation
Fu said that with the laundry business, which primarily services hotels and airlines, having been hit hard by the pandemic Heitman was able to secure the 1990-vintage asset at a discounted price, with the purchase having already been completed.
The reported price tag for the six-storey building translates to around HK$4,435 per square foot of built area, with the building occupying a 22,163 square foot site.
Without specifying current tenants, Fu said the building at 6 Yip Cheong Street is now fully leased, and after its conversion will be used as a last-mile distribution hub primarily for storing wine as well as frozen and chilled food products.
“We expect demand for specialized en-bloc facilities to continue to grow on the back of close to full occupancy of cold-storage space currently across Hong Kong,” Fu said.
Heitman picked up the industrial property on behalf of its $750 million Heitman Global Real Estate Partners II which reached a final closing in July 2021. The fund manager has said that with this fresh cash it will invest around $1.5 billion in mispriced, maturing and defensive assets around the world.
“The Hong Kong logistics asset provides geographic and sector diversification while aligning with the smart diversification theme of our proprietary global portfolio construction process. Further, the acquisition is aligned with our global selection of well-positioned assets for re-use in order to benefit from changing consumer demands,” said Gordon Black, senior managing director and portfolio manager at Heitman.
New Fund on the Block
Heitman’s acquisition of 6 Yip Cheong Street is the latest in a series of Fanling deals by international investors over the last 16 months, and the third on the same block.
In September, Blackstone purchased Yip’s Chemical Building at 13 Yip Cheong Street for HK$283 million, with JP Morgan Asset Management following up one month later with its HK$231 million purchase of the Chung Tai Printing Group building at 11 Yip Cheong street – just a few doors down from Heitman’s latest prize.
Including SilkRoad Property Partners’ HK$321 million purchase of the Smile Centre in Fanling in January of last year, international funds have now spent nearly HK$1.3 billion acquiring logistics assets in Fanling, according to data from a property agency. Also during 2021, China Resources Logistics acquired the Mineron Centre in Fanling for HK$695 million.
In a briefing, the agency noted that en bloc industrial transactions hit a five-year high of HK$19.4 billion in Hong Kong last year, with Fanling accounting for more than a quarter of the buildings traded in the sector since the beginning of 2021.
Of the HK$30 billion in Hong Kong real estate investments by international funds since the beginning of last year, some 70 percent went to industrial assets, according to the agency’s figures.
Chengs on the Move
Local news accounts indicated that the seller of the Fanling asset, Success Ocean Ltd, had owned the property since 1999.
Now 48, Willam Doo Jr, who serves as a director of several businesses including New World’s NWS Holdings infrastructure division, The Bank of East Asia and property management firm FSE Lifestyle Services, has sold the New Territories property just a half year after his father’s purchase of a commercial project in London in November 2021.
The 77-year-old real estate tycoon bought the former House of Fraser department store at 68 King William Street in the City of London for around $175 million, making the 11-storey commercial block his first directly owned property in the city.
The Cheng family is one of the richest clans in Hong Kong with the fortune of Henry Cheng – New World’s chairman and the son of Cheng Yu-tung – combined with his family’s wealth ranking the Chengs third on Forbes’ 2021 rich list for the city.
(Mingtiandi)
