Hong Kong’s newest digital
industrial landmark, iCITY in Kwai Chung, has recorded strong sales. As
of November 22, 232 of the project’s 270 units had been sold, accounting
for 86% of currently available properties in phase one.
Isabella
Cheng, Soundwill Real Estate Agency Limited, stated that iCITY’s total
sales have reached nearly HK$985.3 million. The average price in terms
of gross floor area was approximately HK$9,477 per square foot, with the
highest transaction price of approximately HK$10,353 per square foot.
The average selling price achieved was around HK$4.247 million,
representing a premium for industrial buildings in Kwai Chung.
“Since
its launch, iCITY has received an enthusiastic response, with
transaction prices at above HK$10,000 per square foot,” said Cheng.
“Many prospective buyers made immediate purchases after on-site visits,
so we have full confidence in the current sales performance of this
project and hope to achieve even better results.”
According
to Cheng, investment purchases accounted for 70% of iCITY buyers while
30% purchased for self-use. Kwai Chung, Tsuen Wan, Yuen Long, and Yau
Tsim Mong were among the major locations where buyers were based,
accounting for 85%. The remaining 15% were distributed across other
areas of Hong Kong.
The
developer is working with mortgage referral firms and banks to provide
buyers with tailor-made mortgage plans and financing options. Delivery
of iCITY units is expected to commence from December 2023 through
January 2024, as the development has now obtained its occupation permit.
Strategically
located near the West Kowloon high-speed rail station and the Hong
Kong-Zhuhai-Macau Bridge, iCITY provides convenient connectivity for
businesses between Hong Kong and mainland China. It is also
well-positioned to benefit from the Hong Kong government’s efforts to
attract businesses and talents from across the globe. This, combined
with a scarce supply of comparable new industrial buildings in the city,
has driven strong investor demand, Cheng said.
“With
their exemption from stamp duty and lower financial outlay, these
industrial buildings are highly sought-after for long-term investment by
local investors and new arrivals from mainland China who have now
obtained permanent residency after residing in Hong Kong for seven
years,” Cheng noted.
iCITY
is located at the junction of Kwai Chung’s Wo Yi Hop Road and Ta Chuen
Ping Street, within a well-established industrial, commercial and
residential community with convenient facilities nearby, including
shopping malls, wet markets, dining, entertainment and leisure
amenities.
The property
boasts excellent transportation access. Bus and minibus stops are
sitting right next to the project entrance, connected by multiple bus
and minibus routes to areas across Kowloon, Hong Kong and the New
Territories. There is also a seven-seater car service between iCITY and
Kwai Hing MTR Station for easy commuting.
iCITY
features a full curtain wall façade and equipped with a lift for
sightseeing, providing a 24-hour smart workspace. Spanning 20 floors,
phase one comprises 324 units ranging from 422 to 510 square feet, with
each enjoying an ultra-high 4.2-metre floor-to-floor height* for maximum
flexibility. Added comforts include a private lavatory as well as
split-type air conditioning and electronic door locks within each unit.
(The Standard)
Mortgage applications slump 39pc as rates rise
Mortgage
applications in Hong Kong slumped by 39 percent month-on-month in
October to 5,359 cases amid rising mortgage rates, according to data
from the Hong Kong Monetary Authority.
Mortgage
loans approved in the month also dropped by 2.2 percent compared with
September to HK$24.9 billion. Among these, loans financing primary
market transactions jumped by 75.4 percent to HK$5.6 billion while those
for second-hand homes slid by 13.6 percent to HK$8 billion.
Loans for refinancing declined by 13.2 percent to HK$11.3 billion.
The
outstanding value of mortgages inched up by 0.1 percent to HK$1.86
trillion at end-October, but the delinquency ratio remained unchanged at
0.07 percent.
All interbank borrowing costs fell in Hong Kong for the first time in nearly a month yesterday.
The mortgage-linked one-month Hong Kong interbank offered rate dipped by 14 basis points to 5.517 percent.
Although
lenders have raised the time-deposit interest rates to draw funds from
customers amid rising Hibor rates, Hong Kong dollar deposits dropped by
0.4 percent while foreign currency deposits rose 0.4 percent. The yuan
deposit value grew by 3.3 percent in October.
The total assets of the Exchange Fund rose by HK$68.2 billion to HK$3.99 trillion as of the end of October.
The
financial hub booked a cumulative deficit of HK$172.9 billion in the
April-October period, after taking into account the proceeds of HK$66.6
billion received from the issuance of green bonds, the government said.
The fiscal reserves stood at HK$661.9 billion.
Meanwhile,
the Insurance Authority said new business premiums derived from
mainland visitors slumped by 32.9 percent to HK$15 billion on a
quarterly basis in the third quarter of the year.
The total gross premiums fell by 1 percent to HK$428.6 billion in the first three quarters of the year from a year ago.
HSBC Life said it recorded nearly HK$30 billion in new business premiums in the first nine months of the year.
(The Standard)
甲廈空置率 稍為緩和
有外資代理行最新發表的香港地產市場報告中指出，10月九龍主要分區市場的甲級寫字樓市場空置率改善情況，為各主要商業區中最顯著。
10月底整體甲級寫字樓空置率微跌至12.6%，尖沙咀的空置率下跌0.4個百分點，九龍東寫字樓空置率亦略見改善，略跌至19.1%。
該行代理表示，上月整體寫字樓市場持續錄得淨吸納量，涉及152,500平方呎。當中，由於物色價格相宜及優質的辦公室的需求趨增，九龍寫字樓空置率的改善最為明顯。當中以九龍東尤甚，該區的選擇類型既較多元化又多優質商廈，為物色大型辦公室的租戶另一熱門選擇。
租金按月微跌
該行另一代理表示，10月整體市場租金按月下跌0.5%。各主要分區市場中，中環和灣仔/銅鑼灣租金分別下跌0.2%和1.0%，而九龍東租金繼續企穩。
(經濟日報)
旺角彌敦道地舖8600萬易手 「木器大王」傅氏家族沽貨 19年升值1.36倍
近期舖市買賣未算熾熱，有老牌家族亦沽售非核心物業鎖定利潤，旺角太子彌敦道一個巨舖，建築面積逾8000方呎，以約8,600萬成交，原業主為有「木器大王」之稱的傅世彪家族，物業19年升值1.36倍。
旺角彌敦道776至778號地下連地庫及1樓，地下建築面積約3060方呎，地庫約2600方呎及1樓約2,358方呎，合共8018方呎，以約8600萬成交，平均呎價10726元，租客包括永興冰室及 SNAP Fitness，月租分別為22.5萬元及17.05萬元，合共39.55萬元，新買家料回報約5.5厘。
平均呎價10726元
原業主為「木器大王」之稱的傅世彪家族，於2004年1月以3725萬買入該舖位，持貨19年，帳面獲利4875萬元，物業升值1.36倍。
傅世彪家族旗下瑞生集團，早年在尖沙咀廣東道經營木器製品起家，傅世彪更贏得「木器大王」之稱，家族早於多年前，已涉足物業投資，持有尖沙咀廣東道及加連威老道舖位及商廈，包括廣東道116至120號海威商業中心多層樓面，加連威老道舖位及全幢物業。
今年初，瑞生集團更在皇后山邨周邊申請興建住宅，涉及皇后山邨北面、同珍廠房南面一幅用地，申請改劃「住宅 (甲類)」，地積比增加至6.75倍，興建3305伙住宅。
連約回報逾5厘
盛滙商舖基金創辦人李根興表示，上述舖位位處太子彌敦道，接近花墟，是深水埗前往太子港鐵站必經之路，永興冰室屬於老牌茶記，生意經常爆滿，雖然此舖不屬於彌敦道遊客段，外來生客較少，惟民生消費力不俗，舖門外有巴士站，亦是罕有3層複式舖，地舖為冰室，樓上及地庫為健身中心，回報逾5厘。
上述舖位是深水埗前往太子港鐵站必經之路， 雖然不屬於彌敦道遊客段，惟民生消費力不俗，亦是罕有3層複式舖。
(星島日報)
