綜合該代理行數據顯示，今年8月五十大指標甲廈合共僅錄11宗買賣，與7月成交量相若，仍然處於低水平，而按月表現則持平其中，港島區甲廈只錄得1宗買賣，港島核心區 (包括中環、上環、金鐘、灣仔等) 更未錄成交，表現冰封，市場繼續由新界及九龍區支撐交投，最新成交面積僅3.09萬平方呎，按月下跌約60%，反映上月交投以細單位、細銀碼物業佔主導。
據土地註冊處資料顯示，尖沙嘴騏生商業中心中層全層於上月中以5800萬售出，買家以公司名義滙福控股有限公司 (UNION LUCK GROUP HOLDINGS LIMITED) 登記，註冊董事莫誠峰等人，與一名澳門馬主同名同姓，原業主於2015年以5800萬購入，持貨6年平手離場。
新創建 (00659) 公布，以13.67億元向母公司新世界發展 (00017)購入長沙灣甲級寫字樓樓花荔枝角道888號18樓至21樓共4層，總樓面面積96744方呎，呎價約14130元。每層物業的買方，可以每個停車位不高於150萬元的價格購買最多9個停車位的優先認購權，以及享有賣方提供的租務優惠。當中，新創建間接全資附屬公司富通保險佔19樓及20樓兩層，涉資6.79億元，總樓面面積47712方呎。
西九龍一帶將會有不少商業樓面供應，當中新地 (00016) 西九高鐵站商業地早前獲城規會批准涉及約316.5萬平方呎，連同西九文化區的兩幅商業及展覽用地，將有逾515萬平方呎樓面推出。
如果以建築高度 (主水平基準以上) 計算，由原本114米至159米，修訂為101米至148米高，其中在較近擎天半島的1A座高度由原本159米降低至118米，減少26%，而近漾日居的2B座則由114米減少至101米，減少11%。
強拍申請較去年同期跌六成 首八個月僅九宗 叫價強硬減慢收購
至於估值金額最高為上月申請強拍的北角馬寶道77至87號康樂大廈，當時估值約7.0399億，申請人為卓越兆業有限公司 (Excellent Group Inc Limited)，公司董事包括澳門商人羅盛宗等。
Checks flood in as Henley sales start set
Henderson Land Development (0012) announced the first round of sales of The Henley III in Kai Tak will offer 100 units ahead of the launch of its third price list.
The sale will be on Saturday and will provide 38 studio, 50 one-bedroom, eight two-bedroom and four three-room flats, with sellable areas ranging from 238 sq ft to 778 sq ft.
The discounted prices are between HK$6.25 million and HK$24.99 million.
The project has received 534 checks by 2pm yesterday, meaning a fourfold oversubscription, said Thomas Lam Tat-man, sales executive.
La Marina, on top of Wong Chuk Hang MTR station, will put 200 units on the market the same day. Besides the 188 units in the first two price lists, 12 four-bedroom units will be sold via tender.
Codeveloped by Kerry Properties (0683), Sino Land (0083) and MTR Corp (0066), it was oversubscribed 13 times, bringing in over 2,600 checks by yesterday.
That came as luxury rents rose 1.4 percent in the second quarter after a 16 percent decline from the third quarter of 2019 to the first quarter of 2021, property agent said.
Mid-Levels saw the highest rental growth, 2 percent, among major sub-markets, largely on the back of limited availability. Tenants took advantage of lower rents to upgrade, agent said.
Meanwhile, NWS (0659) will spend HK$1.3 billion buying four properties from parent New World Development (0017). They are office units inside NWD's 888 Lai Chi Kok Road project.
Sino Land (0083) and Tsim Sha Tsui Properties (0247) said their joint venture won the tender for a commercial and residential site in Singapore with a bid price of S$1.028 billion (HK$5.95 billion). The site covers an area of 32,185 square meters, which offers a total gross floor area of 96,555 square meters.
For more information of Office for Sale at 888 Lai Chi Kok Road please visit: Office for Sale at 888 Lai Chi Kok Road
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Security tokens will boost multibillion dollar Asia-Pacific investment property sector, market players say
Property agent expect that the use of security tokens to rise rapidly and boost liquidity
Initial adoption will be from income generating properties and development projects: digital asset exchange HKbitEX
The multibillion dollar Asia-Pacific investment property market could be boosted by the use of security tokens, which could allow individual professional investors to take part in large-scale projects with entry tickets prices possibly as low as HK$1,000 (US$128.41).
These tokens – typically asset-backed digital representations of ownership or other economic rights in an underlying asset – will allow individual professional investors to take part in large-scale projects. They will also let developers and asset owners raise funds without fully disposing of their projects, according to market players.
“While we expect investment property transaction volumes across Asia-Pacific should rebound strongly in 2021, we expect the use of security tokens to rise rapidly and boost liquidity,” property agent said. The volume of such transactions amounted to US$184 billion last year, according to analyst.
Security tokens are tokenised digital securities created through security token offerings (STOs) and are traded using the blockchain distributed ledger technology. For issuers, STOs provide an alternative fundraising channel that offers greater efficiency, lower costs and a broader base of potential investors, according to the first edition of a real estate STO white paper series jointly published by accounting firm Deloitte, digital asset exchange HKbitEX, property agency and law firm Sidley Austin.
For investors, STOs offer access to a new world of previously inaccessible investment opportunities by offering fractionalised interest, secondary market liquidity and information transparency.
Currently, less than 1 per cent of transactions in Asia are leveraging STOs, according to HKbitEX. There have been no use cases in Hong Kong yet.
“We anticipate accelerated growth in STO transactions over the next three years, with real estate financing participants being among the first to embrace [these offerings],” said Gao Han, the founder and CEO of HKbitEX.
AspenCoin, for example, raised US$18 million through an STO in the United States in 2018. These security tokens represented the fractional equity ownership of The St. Regis Aspen Resort, a 179-room luxury hotel in Colorado. The price per token was US$1 with a minimum investment hurdle of US$10,000. The total offering represented an 18.9 per cent non-voting equity stake in the property.
“Initial adoption will be from income generating properties and development projects, as these are straightforward and the values are easy to understand from an investors’ perspective,” said Ken Lo, co-founder and chief strategy officer at HKbitEX.
Investors will be able to exit through a secondary market, as the tokens can be traded easily and efficiently over the counter or on an exchange, according to the white paper series. The general minimum entry ticket could range from HK$1,000 to HK$10,000, said Lo. The exchange is working on getting a license from the Securities and Futures Commission (SFC) for such tokens, which it hopes to acquire over the next two years, he added.
According to the SFC, these security tokens are complex financial products offered to professional investors with a portfolio, including money and securities, of at least HK$8 million or its equivalent in any foreign currency.
STOs will help ease “shortcomings and restraints” in the real estate industry, said Raymond Wong, senior general manager of sales at Henderson Land Development. These shortcomings and restraints include high development costs, high construction costs, high price of investment in properties or homes, and lengthy and complicated procedures, he added.
(South China Morning Post)
DJI’s Causeway Bay store likely to be split into smaller units as landlord may struggle to find tenants for massive space
Phoenix Property has a better chance of finding tenants by splitting the space occupied by DJI across three levels at Tower 535 into multiple units, market observers say
Billionaire Francis Choi Chee Ming’s Early Light Group has still not found tenants for nearly 20,000 sq ft of space in Plaza 2000 vacated by Prada in June 2020
The landlord of a massive space vacated by DJI in Hong Kong’s popular shopping district of Causeway Bay is unlikely to find a single tenant amid the shift in the city’s retail landscape, but dividing it into smaller units can improve its chances several fold, said market observers.
DJI, the world’s largest maker of recreational drones, occupied some 10,318 sq ft spread over three levels at Tower 535 on Jaffe Road, owned by private equity real estate investment group Phoenix Property Investors. Together with two other vacant shops on the ground and first floors, some 18,784 sq ft of space is available for lease.
The first floor has an asking price of HK$150 per square foot (US$19) and HK$50 per square foot for the second floor space, they said.
Some other landlords with similar floor plates in the area once occupied by sole tenants have struggled to find takers despite agreeing to bring down rents sharply and split them into small units to accommodate the needs of different retailers.
“From the latest market sentiment, [the space] will probably take three to four months [to lease] with a reasonable market rental level and flexible layout,” property agent said. The agent added that a smaller floor plate, especially a single-floor format, that can accommodate the different requirements of tenants would make it easier to lease the space.
Phoenix did not reply to an email requesting comment on the plans for the vacant space.
DJI closed its two-storey flagship store on August 16, citing the need to reflect on “the company’s and market’s evolving needs”. It marked one of the more recent withdrawals of retailers in Causeway Bay, which was once the world’s most expensive shopping district with the top average rent, as retail sales in Hong Kong took a beating following the street protests of 2019 and the coronavirus pandemic lockdowns that followed last year. Affordable fashion retailer Forever 21 and lingerie giant
Victoria’s Secret were among the brands that initially abandoned their Causeway Bay locations and then eventually exited the city altogether.
While details of DJI’s lease are not available, spaces on Jaffe Road were leased for HK$212 to HK$422 per sq ft in 2016, the same year the company opened its store, according to information posted on a property agency’s website.
“The Hong Kong retail landscape has changed over the past few years, from retailers targeting prominent locations for big flagship stores to what is now regular sized boutiques,” property agent said.
Causeway Bay, in particular, has seen a shift in retail offerings. Supermarkets, fast fashion and restaurants are taking over spaces from traditional luxury brands in the trendy shopping district. Recently hamburger joint
Five Guys took up 6,700 sq ft on Russell Street that was formerly occupied by cosmetics retailer Sa Sa.
However, 20,000 sq ft at Plaza 2000 next door, formerly occupied by Italian fashion brand Prada, has found no takers despite the generous offer of landlord Early Light Group, owned by billionaire
Francis Choi Chee Ming, to cut rents steeply. The owner’s move to subdivide the space spread over four levels into multiple units has still not borne fruit.
The landlord was willing to lease 5,042 sq ft on the second floor for about HK$61 per sq ft in March, the Post reported.
“Since the border is closed due to Covid-19, both landlords and retailers have realised the importance of maintaining a good balance of local and tourist consumption in their portfolio,” agent said. “Local consumption is the foundation for stable sales, while tourist consumption is the icing on top, especially during economic growth.”
Most market observers expect F&B operators to lease the Tower 535 space as they are driving deals in Causeway, but they are not ruling out other categories such as supermarket operators.
In Causeway Bay, “the F&B sector is still and will be the major leasing momentum,” agent said.
(South China Morning Post)
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