新買家為119 Limited，該公司董事為馬偉業、CHOI TAK SHING，前者今年2月透過逸發投資有限公司名義，為萬科香港併購深水埗海壇街舊樓地盤，相信是次出手收購的背後財團為萬科香港。
有代理稱，高山企業 (00616) 旗下九龍青山道646、648及648A號豐華工業大廈今日進行強拍，拍賣底價為8億元。項目的地盤面積約9,205.5平方呎，以地積比率約12倍計，可建樓面約11.05萬平方呎。
受惠於活化工廈政策推動，柴灣工業區轉型加快，有發展商更進駐收購工廈重建，其中興勝創建 (00896) 購入利眾街兩幢工廈申請放寬地積比重建，涉及樓面約24.7萬平方呎。
九龍倉 (00004) 及南豐發展的山頂聶歌信山道8號MOUNT NICHOLSON，自拆售車位以來，買家身份繼續揭盅，最新曝光為有「低調殼王」之稱的高振順，斥資2940萬元連購3個相連車位。
據土地註冊處顯示，MOUNT NICHOLSON有3個相連車位於上月底售出，每個車位成交價錢劃一為980萬元，登記買家為高振順 (KO CHUN SHUN JOHNSON)，現為先豐服務集團 (00500) 執行董事兼副主席、同時為BC科技集團 (00863) 執行董事等。
MOUNT NICHOLSON自上月拆售車位以來，已錄得21宗註冊登記 (包括1宗為發展商多名高層人士購入)，總成交金額約2.09億元。
Coronavirus Hong Kong: luxury property awaits Shenzhen border opening for the next leap upwards
Property buyers from mainland China bought 38 per cent of Hong Kong’s luxury homes – each more than HK$100 million – in the first four months.
At two of Hong Kong’s most exclusive addresses, 21 Borrett Road and Mount Nicholson, “new Hongkongers” already make up more than half the owners.
An influx of mainland Chinese buyers into Hong Kong’s super-deluxe developments since early this year could further fuel home prices in the world’s most expensive property market, and the trend will become more obvious once the border open.
Buyers who settled in Hong Kong from mainland China, dubbed “new Hongkongers” unlike locally born residents, have already made their presence felt in the local real estate market. They bought 38 per cent of Hong Kong’s luxury homes – each priced more than HK$100 million (US$13 million) – in the first four months, 2 percentage points more than the whole of 2020, and more than 32.9 per cent in 2019, according to data provided by property agency.
“When the border reopens, we expect mainland Chinese to [return] to snap up residential property,” agent said.
Individual and corporate real estate investors from the mainland had been the lifeblood that had sustained the eye-popping prices of Hong Kong’s property industry in the past decade, from multimillion dollar mansions to some of the world’s most expensive offices in marquee addresses in Central. Their presence in the city, muted since the street protests of 2019, could resume when Hong Kong’s northern border with Shenzhen reopens with the easing of the coronavirus outbreak, allowing business travellers, tourists and investors to return.
New Hongkongers already make up 60 per cent of the owners in two of the city’s most exclusive residential neighbourhoods: CK Asset Holdings’ 21 Borrett Road luxury apartments at the Mid-Levels, as well as Mount Nicholson on The Peak by Wharf Holdings and Nan Fung Development, according to land title searches conducted by South China Morning Post.
Mainland Chinese buyers snapped up four of eight apartments at 21 Borrett Road since February, paying a total of HK$1.3 billion for them, including a buyer named Yin Xi who paid HK$459.4 million for a five-bedroom unit that broke Asia’s price record.
At Mount Nicholson, two daughters of the late casino tycoon Stanley Ho, now find 58 per cent of their neighbours being new Hongkongers. Buyers featuring pinyin names, the romanisation system used in mainland China, bought nine houses and 22 apartments out of the project’s 15 mansions and 38 units for a combined HK$14 billion since their launch in late 2016.
Several of these buyers had also set new price benchmarks. Before Yin’s purchase, the record for the most expensive home was set by Lin Zhongming, chairman of Shenzhen developer AIM Investment Group. Lin liked the project so much that he paid HK$1.16 billion for two adjoining apartments at Mount Nicholson in 2017, paying HK$132,060 per square foot, or HK$560.02 million, for unit 12C and another HK$604.7 million for unit 12D.
“Some of the rich mainland Chinese businessman share one thought: to send their money out of China to park in a safe place,” said Kevin Tsui, an associate professor at the Clemson University’s College of Business in South Carolina, adding that the influx of mainland capital would cause prices to soar in Hong Kong. “That explains why they are willing to pay for a big premium, or even higher taxes, than local residents for property in Hong Kong and overseas.”
China’s government had also been mounting a series of campaigns across the country to tamp down on runaway property prices, which had added to the push for tycoons to diversify their holdings abroad, he said.
“It is likely encouraging individuals whose wealth quickly accumulated after they float their firms in Hong Kong or in the mainland stock market to seek other investment alternatives. Hong Kong property market is one of their favourite options,” he said.
Payments of the buyers’ stamp duty (BSD), a 15 per cent surcharge on the price of property sold to non-permanent residents with less than seven years in Hong Kong, soared last month to HK$913 million, a 23 per cent jump from April, while the number of transactions jumped 84 per cent to 114, according to data provided by the Inland Revenue Department.
“We also noticed a growing number of mainlanders who become Hong Kong permanent residents making property purchases,” agent said.
(South China Morning Post)
Hong Kong’s retail landlords consider increasing rent for the first time in two years amid ongoing economic recovery
Retail landlords have started engaging tenants in discussions on rent increases for the upcoming lease renewals, say market observers
Tenants however say that landlords must hold back on the rent increases as they were yet to recover fully from the slowdown
With Hong Kong’s economic recovery gathering pace and domestic consumption improving, retail landlords have started mulling rent increases for the first time since the correction started two years ago in the wake of the social unrest.
While landlords of shopping centres and street shops seem optimistic and expect retailers to receive a boost from mainland tourists following the eventual opening of cross-border travel, tenants, however, remain cautious, with many saying that business is yet to recover from levels before the protests started in mid-2019.
Market observers, however, expect only a nominal increase in rent, noting that a stop to rent concessions by landlords is a good indication rents may be on the way up.
Retail landlords have started engaging tenants in discussions on rent increases for the upcoming lease renewals since Lunar New Year, property agent said. “These new or renewed leases might see a freeze for the first year, followed by a mild increase of around 5 to 10 per cent for the second and third years” amid a predicted recovery for the city’s economy and revival in cross-border tourism, the agent said.
Hong Kong’s economy expanded by 7.9 per cent in the first three months of the year, the biggest quarterly growth in 11 years which also ended six quarters of recession. Given the economy continues to recover from the pandemic, the government expects full-year growth to be at the upper end of the forecast of between 3.5 per cent and 5.5 per cent. Hong Kong’s retail sales have also continued to recover, with retail sales in the first four months of 2021 estimated to have grown 8.5 per cent compared to the same period last year.
Some landlords think that the worst is over, another agent said.
“As retail sales have returned to positive growth, they have had internal discussions to increase the headline rents,” the agent said.
Another agent said that the overall rent level in Hong Kong was currently 30 per cent to 50 per cent lower than the first half of 2019. He said he expects rents of retail properties to fluctuate by less than 5 per cent this year. Link Reit, Asia’s largest real estate investment trust with a portfolio of 9 million sq ft of retail and office space in Hong Kong, said it was optimistic about the overall market.
As the pandemic has stabilised locally and restrictions have eased, the scope for discussions on lease renewals with tenants is much better compared to six months ago as their prospects have improved, George Hongchoy, chief executive of Link Reit, said last week.
But small business owners beg to differ, saying they were worried that landlords were jumping the gun as their operations were yet to stabilise from the disruption brought about by the pandemic.
Among them is Vincent Wong. The owner of a music centre in Tai Kok Tsui said he could be paying higher rents when his lease comes up for renewal in September.
“We had asked for a rent cut but the landlord turned down our proposal. We are now requesting them to freeze the rents for one year, but we have not heard back,” said Wong.
“We lost as much as 50 per cent of students at the beginning of the pandemic. We see students gradually coming back but the business is still at two-thirds of the pre-pandemic level.”
(South China Morning Post)