有外資代理行指出，甲級寫字樓供過於求，空置率高企，令租金連續21季下降，今年迄今跌幅達到4.7%，過去5個季度甲廈錄淨吸納量，令空置率略為下跌0.1百分點，然而，整體空置率仍錄16.8%。
該行表示，2024年第三季甲廈租賃按季跌16%至99.3萬方呎，年初至今租賃量達360萬方呎，佔2023年全年總量89%，不過，需求仍疲弱，本季只有7%交易面積超過1萬方呎，為自2013年第三季以來最低佔比。空置率過剩，令租金連續21季下降，按季跌2.6%，較上一季1.6%跌幅更大，今年迄今暫錄跌幅達到4.7%。
整體空置率16.8%
由於供過於求，大中環地區租金較上季跌2.8%，負淨吸納量令九龍整體租金按季跌4.7%，較2024年第二季的跌幅2.2%更快，亦為自2020年第三季以來的最大跌幅。
該行代理表示，儘管辦公室租戶對成本謹慎，但自2023年以來，租賃勢頭持續改善，部分內地企業決定搬遷，惟整體新建和擴張需求仍有限。若中國和香港經濟持續復甦，較低利率和中國貨幣寬鬆政策，有助推動辦公空間需求增加。該行預計，隨着市場對2025年經濟前景更加清晰，租賃活動更加活躍。不過，高空置率和新增供應可能在短期內繼續推動租金下降。
租金連續21季下降
該行另一代理表示，商業地產交易量從今年第2季低基數按季上升，投資需求仍疲軟，零售及工業租賃活動平穩。期待已久減息，加上中國寬鬆貨幣政策，向市場發出了正面的信號，今年第3季度營商信心有所改善。
該行另一代理表示，國際時尚品牌對舖位需求出現新增長，核心舖租較2019年高峰低約35%，港元潛在疲軟將有利遊客消費，相信零售需求將在未來幾季繼續改善。
該行另一代理表示，本季度工業租賃勢頭減弱，今年迄今63%租賃由物流公司帶動，隨着全球息口開始下降，有利全球貿易，中國經濟持續復甦，有利物流業。
該行另一代理表示，減息周期開始後，市場對大額交易興趣增加，加上價格下跌，吸引用家及投資者入市。
甲廈需求仍疲弱，本季只有7%交易面積超過1萬方呎，為自2013年第三季以來最低佔比。
(星島日報)
中環中心全層料每月113萬租出
中環中心錄大手承租，由世茂集團創辦人許榮茂相關人士持有的該廈32樓全層，由資產管理公司承租，料月租逾113萬。
中環中心32樓，建築面積約25204方呎，由萬方管理(香港)有限公司承租，租期由2024年10月至2028年3月，為期41個月，市場人士估計，月租約113萬，平均呎租45元，該全層於2019年至2021年間，由Unicorn Bay Hong Kong Invl Ltd承租，月租逾220萬，平均呎租87元，最新租金減幅48%，該單位由2021年至早前，則一直作示範單位用途。
資產管理公司進駐
同由許榮茂相關人士持有的中環中心56樓全層，其中1室於今年7月租出，建築面積2161方呎，以每月13萬租出，呎租約60元，租約為期3年，租客為北京銀行股份有限公司，是一間總部位於北京的商業銀行，在2017年《銀行家》雜誌發布的全球銀行品牌500強排行榜中，排名第62位。
業內人士指，由於今番租出為全層單位，加上屬低層，故呎租較56樓廉宜。
(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
港島指標甲廈 連錄低價成交
近1個月港島主要指標甲廈，相繼錄低價成交，相信因空置率高加上租金回調，價格亦跟隨調整。
港島商業區由上環至灣仔，共有數幢可供買賣的指標甲廈，上半年交投淡靜，下半年陸續出現交投，價格上更明顯向下。如灣仔會展廣場辦公大樓近期錄得1宗低價成交，涉及物業33樓7及9室，面積約9,000平方呎，屬該廈罕有全海景單位，以約1.35億元易手，呎價約1.5萬元，按此成交呎價計，重回2011年水平。
蔡志忠1.35億 購會展廣場辦公大樓銀主盤
買家為資深投資者蔡志忠，他指甲廈呎價大幅回調後，而會展廣場辦公大樓鄰近政府總部，臨海而建，而區內優質甲廈林立，如中環廣場、新鴻基中心、鷹君中心、華潤大廈等，均沒有拆售，而可供出售的會展廣場辦公大樓高層全海景屬市場罕有，決定入市。事實上，蔡志忠於2017年，曾夥拍多名投資者購入中環中心75%業權，其後他於2018年拆售22樓全層，並於2019年沽清，獲利約5億元。
翻查資料，是次涉及會展廣場辦公大樓單位，曾由中資機構持有，2023年中物業獲中資財團斥約3億元購入，惟最終取消交易，單位重新放售，市況亦轉差，單位淪為銀主盤，如今重新沽出，價格1年間下跌55%。
金鐘力寶中心 呎價低見1.24萬
金鐘最具指標甲廈為力寶中心，近期更一連錄2宗低價成交，涉及2座中低層5室，面積約1,505平方呎，以約2,000萬元易手，平均呎價約1.33萬元，一度創逾10年呎價新低。原業主於2012年以約2,739.1萬元購入單位，帳面虧損約739.1萬元，幅度約27%。相隔數日後，該廈再錄買賣，日前力寶中心二座低層11至12號室，面積約2,199平方呎，最新連租約以約2,728萬元易手、呎價約1.24萬元。據悉，上述單位月租約9.34萬元，租期至明年5月，新買家享租金回報約4.1厘；資料顯示，上述原業主2018年3月以約8,280萬元購入，持貨逾6年，帳面蝕5,552萬元或67%。
上環區方面，指標甲廈定為信德中心，近期資深投資者羅守輝售上環信德中心招商局大廈902室，面積約1,158平方呎，涉及約1,838萬元，平均呎價15,872元。原業主早於2005年以約590萬購入單位，持貨19年帳面獲利約1,248萬元，物業升值2.1倍。
分析指，近年甲廈空置率一直上升，租金跌勢持續，而在高息環境下，個別業主希望沽貨減磅，因租金未止跌下，唯有大幅降價放盤，導致低價成交相繼出現。由於甲廈價格已高位下跌6成以上，漸現用家及投資早承接，預計港島區甲廈交投量有望上升，價格續在低位徘徊。
(經濟日報)
更多會展廣場辦公大樓寫字樓出售樓盤資訊請參閱：會展廣場辦公大樓寫字樓出售
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
更多會展廣場辦公大樓寫字樓出租樓盤資訊請參閱：會展廣場辦公大樓寫字樓出租
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更多上環區甲級寫字樓出售樓盤資訊請參閱：上環區甲級寫字樓出售
觀塘海濱道商業氣氛轉濃，而宏基資本大廈單位享全郵輪碼頭景觀，極為舒適。
海濱道近年相繼有甲廈項目落成，包括大業主持有的海濱匯、綠景NEO大廈等，以及可供出售項目包括宏基資本大廈、萬兆豐中心、絲寶國際大廈等，整體甲廈樓面增加，亦有外資、內企租用單位，整體商業氣氛理想。
宏基資本大廈於交通上，由牛頭角港鐵站步行至該廈需時5分鐘，而觀塘道亦有多條巴士綫，物業擁停車場，為自駕人士提供選擇。
其他配套上，海濱道商舖不算多，上班人士可前往觀塘一帶，有多個大型商場，商舖數目充足，而The Millennity商場部分日後全面開業，可望有更多餐廳選擇。
物業旁有觀塘海濱長廊，全長逾1公里，北至順業街以南，南至駿業街的觀塘公眾碼頭，上班人士可在中午或放工後，到海濱長廊散步或做運動。
分層樓面每層逾1.1萬呎
宏基資本大廈於2013年落成，大堂樓底高，空間感十足，加上大堂門口採全玻璃設計，可引入室外光綫，開揚光猛。另有提供座椅，供到訪人士休息。
大廈提供5部升降機，通往22層寫字樓。分層樓面每層面積約1.1萬至1.2萬平方呎，部分可分為兩個單位使用，單位樓高約3.8米，配上落地玻璃，採光度極佳，可享開揚的郵輪碼頭景致，極為舒適。另一邊則望向牛頭角一帶的都市景致，亦相當開揚。
用戶方面，較知名包括有內企信義玻璃 (00868)，使用物業高層全層，另亦有政府部門使用該廈樓面。
租務上，物業今年僅錄一宗租務成交，涉及低層單位，面積約951平方呎，以約2萬元租出，呎租約21元。
最頂兩層放售 意向價1.8億
宏基資本大廈最頂兩層單位，現首度進行放售，意向價約1.8億元，平均呎價約7,480元。
每層12029呎 呎價7480元
有外資代理行代理表示，有業主出售觀塘海濱道135號宏基資本大廈頂樓兩層27及28樓連8個私家車位。物業每層面積各約12,029平方呎，總建築面積約24,058平方呎，現以部分交吉及部分連租約出售，而業主意向價約1.8億元，平均呎價約7,480元。
據了解，是次放售的樓層為宏基資本大廈的最頂兩層，為該廈發展商宏基資本(02288) 早年重建後作總部自用至今，故屬首度公開放售，非常罕有。物業除享有180度維港及郵輪碼頭海景外，間隔亦方正實用。
近期同區同類型單位買賣上，2024年7月，聯合出版集團以1.33億元買入觀塘俊匯中心28及29樓連天台，呎價約6,287元。另觀塘敬業街雲訊廣場一層半樓面，獲四洲集團 (00374) 以逾2.05億購入作總部，成該廈首宗成交，呎價逾8,200元。
(經濟日報)
更多宏基資本大廈寫字樓出售樓盤資訊請參閱：宏基資本大廈寫字樓出售
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Hong Kong commercial property prices to keep falling on supply glut worries, according to an international property agency
In the third quarter, commercial real estate investment volume rose 22.6 per cent quarter on quarter to US$1.28 billion, the agency said
Hong Kong’s commercial property market has seen an improvement in investment sentiment thanks to lower rates and a rebound in Chinese stocks, but prices will keep falling because of worries about a supply glut, an international property agency said.
“We are seeing increased interest in big-ticket deals in the market following the start of the rate cut, coupled with deeper price discounts, [and] end users and long-term investors are gaining confidence to enter into buying positions,” an agent said.
“Further rate cuts and monetary easing in the mainland China economy will possibly translate into a stock market rally and improve investment market sentiment in the few months ahead,” the agent said.
In the third quarter, commercial real estate (CRE) investment volume rose 22.6 per cent quarter on quarter to HK$9.97 billion (US$1.28 billion), the report said. Financially stressed assets accounted for HK$5.5 billion in investment volume, or 55 per cent of the quarter’s total, as pressure continued to mount on sellers to fulfil their loan covenants.
The agency said in the third quarter, there were only 25 CRE transactions worth more than HK$77 million and most deals were smaller.
“Most deals were smaller sized, with 15 transactions involving a lump sum of less than HK$300 million,” it said.
The agent said CRE mortgage rates stood at around 6 per cent in the third quarter, down from 7 per cent in the year-earlier period. But yields for property investments stayed below 4 per cent.
Last month, the Hong Kong Monetary Authority (HKMA) joined the US Federal Reserve in cutting its benchmark rate by a half point, kicking off a highly awaited cycle of easing. The HKMA had not cut its rate in four years. The city’s de facto central bank adjusts its own policy based on what the Fed does to keep the local currency’s peg to the US dollar.
After that, Hong Kong’s commercial banks trimmed their rates by a quarter point for the first time in nearly five years, which translates into savings for borrowers whose loans are tied to prime rates.
“We have seen Asia-Pacific regional fund outflows to Japan and Australia from Hong Kong as Japan has low interest rates and investment yields in Australia were as high as 5 to 6 per cent,” the agent said. “But as the interest rate cut cycle began, some funds invested in Singapore are backing Hong Kong.”
Transaction volume is likely to improve more in the fourth quarter and into 2025, the agency said. Capital values, however, will take longer to improve as a supply overhang in some property sectors and a negative carry will prevent a sharp jump in prices.
For the office market, rents will continue to drop in the short term due to high vacancy rates and new supply.
Gross leasing volume fell 16 per cent quarter on quarter to 993,000 square feet in the third quarter. Leasing requirements remained small with just 7 per cent of deals this quarter exceeding 10,000 sq ft, the smallest since the same quarter in 2013.
“The vacancy overhang ensured rents declined for the 21 consecutive quarters, bringing the year-to-date decline to 4.7 per cent,” another agent said.
Kowloon East saw the biggest decline in rents, falling 4.7 per cent quarter on quarter. Rents in Greater Central fell 2.8 per cent due to vacancy pressures and new supplies.
Rents for grade A offices across all areas are expected to fall by about 5 to 10 per cent this year, the agency said.
“This quarter saw selective mainland Chinese firms making decisions to relocate, but overall, new and expansion demand remains limited,” the agent said, adding that it is expected that leasing activities to become more active as the market gets greater clarity on the economic outlook in 2025.
(South China Morning Post)
New home sales set to double: Wheelock
The number of transactions in the primary market could double to 1,500 to 2,000 in October from a month ago, according to Wheelock Properties'managing director Ricky Wong Kwong-yiu.
Wong also predicted home prices would advance slightly this quarter due to increased confidence in the market, saying Wheelock would speed up the pace to put more new projects on the market.
Wheelock and MTRC (0066) will put up 158 units of Park Seasons at Lohas for sale this Friday. Prices start from HK$4.53 million, or HK$14,059 per square foot.
Hong Kong saw 919 private residential units completed in August, down 42.8 percent from the previous month, according to data from the Rating and Valuation Department.
For the first eight months, a total of 9,622 private residential units were completed, accounting for only 43.2 percent of the government's target of 22,267 units for the whole year.
Market watchers warned earlier this year that a high inventory of new flats was a major factor keeping home prices under pressure.
The production included 5,610 newly finished flats or 58.3 percent in the New Territories, followed by 3,607 new homes or 37.5 percent in Kowloon in the first eight months. Hong Kong Island came last, with only 405 units built up to August 31.
Chinachem Group launched a new project, Echo House, yesterday. The project in Cheung Sha Wan offers 198 units with home style from one-bedroom flats to three-bedroom units. Sales brochure will be released this week.
In other news about the commercial property market, an international property agency said the rents of offices in Hong Kong have dropped for 21 quarters in a row as of the third quarter this year, mainly due to high vacancy rate that has risen to 16.8 percent.
The agency predicts the market may need seven to eight years to destock vacant offices and the rents could drop more than 5 percent in 2024 year-on-year, although the rental demand could revive with a bullish economic outlook for the rest of the year.
During the July-to-August quarter, the vacancy rate of retail stores in Causeway Bay, Tsim Sha Tsui, Mong Kok and Central remained unchanged at 6.8 percent compared to the second quarter, although the rents rose by 1 percent quarter-on-quarter.
The agency believes that consumption demands in the local retail market will continue to recover in the coming quarters, amid potential further rate cuts and policy easing, possible weakening of the Hong Kong dollar to benefit retail sales and continued recovery of China's economy.
The firm predicted the rents of retail stores in four core areas could record up to 5 percent year-on-year increase in 2024.
(The Standard)