尖東半島中心錄一宗成交，有代理表示，半島中心1021至1022室，建築面積約3204方呎，以每呎11500元易手，涉資約3684.6萬，原業主於2012年以約2888萬購入，持貨11年，帳面獲利796.6萬，物業升值27.6%，該單位以交吉交易，市值呎租約24元，料回報約2.5厘。
持貨11年升值27.6%
據了解，新買家購入物業，需支付相等於樓價4.25%的稅項，涉資約157萬。
於2018年市況高峰時，半島中心普遍呎價高達1.3萬，最新造價較高位回落約11%，而於2020年疫情肆虐期間，該廈亦錄1宗呎價跌穿萬元交易，該廈10樓1室，建築面積1431方呎，以1408萬易手，平均呎價9839元。
(星島日報)
更多半島中心寫字樓出售樓盤資訊請參閱：半島中心寫字樓出售
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
核心區甲廈租務增 太古廣場1.2萬呎租出
近月核心區甲廈租務有增，消息指，中環中國建設銀行大廈全層，獲中資機構承租，呎租約100元。另保險公司亦擴充，租用金鐘太古廣場1.2萬平方呎。
市場消息稱，中環甲廈錄得全層租務成交，涉及干諾道中3號中國建設銀行大廈中低層全層，面積約6,905平方呎，成交呎租約100元。該廈比鄰友邦金融中心，單位享全海景兼質素較新，故租金水平理想。據了解，新租客為中資機構。
中環中心呎租約40元
另消息稱，金鐘太古廣場二座中層單位租出，涉大半層樓面，面積約1.24萬平方呎，以每平方呎約100元租出。據悉，新租客為保險公司，作擴充業務之用。
此外，中環中心中層04室，面積約2,460平方呎，以每呎約40元租出。至於灣仔中環廣場中高層02室，面積約2,735平方呎，成交呎租約62元。
而銅鑼灣方面，指標商廈之一的時代廣場錄兩租務，涉及2座中高層樓12至16室，面積約約4,448平方呎，以每呎約50元租出。至於項目1座中高層12室，面積約908平方呎，成交呎租約50元。
中資除了租寫字樓外，亦有購單位自用，消息稱，尖東半島中心高層21至22室，面積約3,204平方呎，以約3,685萬元易手，呎價約11,500元，以交吉交易。據悉，買家為內地機構，購入單位自用。原業主於2012年，斥2,883萬元購入單位，持貨12年轉手，獲利約802萬元，升值約3成。另灣仔乙廈金鐘匯中心低層03室，面積約451平方呎，以705萬元成交，呎價約15,632元。
(經濟日報)
更多太古廣場寫字樓出租樓盤資訊請參閱：太古廣場寫字樓出租
更多金鐘區甲級寫字樓出租樓盤資訊請參閱：金鐘區甲級寫字樓出租
更多中國建設銀行大廈寫字樓出租樓盤資訊請參閱：中國建設銀行大廈寫字樓出租
更多友邦金融中心寫字樓出租樓盤資訊請參閱：友邦金融中心寫字樓出租
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
更多中環廣場寫字樓出租樓盤資訊請參閱：中環廣場寫字樓出租
更多灣仔區甲級寫字樓出租樓盤資訊請參閱：灣仔區甲級寫字樓出租
更多半島中心寫字樓出售樓盤資訊請參閱：半島中心寫字樓出售
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
更多金鐘匯中心寫字樓出售樓盤資訊請參閱：金鐘匯中心寫字樓出售
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
觀塘市中心重建 擬增樓面寬高限
觀塘的商廈供應繼續增加，為九龍東的重要核心商業區之一，未來觀塘有至少4個項目待推，總樓面涉逾500萬平方呎，其中以位於市建局觀塘市中心第4、5區的重建項目的規模最大。市建局最新計劃將項目的總樓面增約2成半至約270萬平方呎，並放寬其建築物高度限制。
去年底已推出招標的市建局觀塘市中心第4、5區重建項目，因市場氣氛疲弱，於今年1月截標時僅接1份標書，項目最終難逃流標的命運。而局方在今年初亦透露，會研究加入住宅等元素重推，讓中標發展商可更靈活調撥發展樓面，以作住宅、辦公室、酒店和零售等，從而增加吸引力。
研究加入住宅元素 添叫座力
而據市建局最新向觀塘區議會提交文件，當局建議將用地的總樓面面積增加約25%至約270萬平方呎，並以總地積比率約12倍發展 (政府、機構或社區設施所涉約18.5萬平方呎總樓面將豁免計算在內)。當中住用樓面面積將不多於總樓面面積約45%，餘下的樓面面積將保留作非住宅用途，用以維持觀塘市中心所需的零售及商業用途。
另外，當局最新擬將建築物高度限制，由原先獲批方案的285米 (主水平基準上，下同) 提升約26%至360米，將成為九龍區第2高、僅次於484米高的環球貿易廣場 (ICC)。整體方案將參考「垂直城市」(Vertical City)的發展理念，興建1幢商住混合大廈。
觀塘行動區已申撥款 改劃交通網絡
至於區內另一大型重建計劃是「觀塘行動區」，項目涵蓋觀塘碼頭廣場寵物公園及比鄰巴士總站等用地，政府建議將用地改劃為「商業」發展用途，以發展辦公室、零售、服務行業及/或食肆用途，並提供公共交通交滙處，及公眾休憩空間，總樓面約93.3萬平方呎。發展局去年已向政府申請約6.1億元撥款，為用地興建多條新的道路、有蓋行人天橋等設施，料獲得撥款後，項目在4年內完成工程。
同時，伯恩光學楊建文家族於今年4月已以底價約23.49億元，成功統一業發工業大廈1期的業權。楊氏家族於2017年亦已以約16.2億元統一業發工業大廈2期業權，並於2021年已連同比鄰的1期地盤，及年運工業大廈向城規會申請一併重建為1幢商廈，而申請亦已獲城規會批准。
(經濟日報)
更多環球貿易廣場寫字樓出租樓盤資訊請參閱：環球貿易廣場寫字樓出租
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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)