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Stamp duty revenues hit record low in Q1


Hong Kong's overall stamp duty revenues from property purchases in the first quarter of this year hit a record low of HK$1.89 billion amid the worst Covid-19 outbreak in the city, data from the Inland Revenue Department showed.

The number of cases involved during the period was 961, about 30 percent lower than in the December quarter, the data showed.

Stamp duty revenue from residential properties also fell to the lowest since the second quarter of 2020.

The number of cases for special stamp duty dropped 37 percent quarter-on-quarter to 61, an over-10-year low, and the revenue also plunged 45 percent to HK$37.3 million.

Buyer's stamp duty brought the government 56 percent less revenue to HK$658 million in the first three months while the amount of double stamp duty more than halved to HK$1.19 billion compared to last quarter.

In the secondary market, Wheelock Properties said yesterday that it will unveil the first price list of Monaco Marine in Kai Tak shortly and open showrooms to the public on Friday.

The first batch will provide around 112 homes mainly comprising one-bedroom to three-bedroom units, the developer said.

In Cheung Sha Wan, The Harmonie will also reveal the sixth price list soon and may kick off sales this month, said the developer Henderson Land Development (0012).

Also in the area, seven flats including one standard unit and six special units at The Concerto are being put on the market, said the developer Kaisa Group (1638). The special units will be sold via tender and prospective buyers can now have a room tour as they are all built, it said.

Co-developed by Kaisa and Choice Holdings, the project has earned the developers HK$440 million from the sale of selling 88 units, or 93 percent of the total flats in the development.

(The Standard)

 

Hong Kong developers shower rebates, discounts and goodies to whet buyers’ appetite for ‘revenge spending’ ahead of massive launches in the second quarter

Up to 4,000 new flats in 11 projects may be released for sale in the second quarter, property agent said

Henderson Land Development and Chevalier International are already offering cash rebates, longer payment terms and other goodies to drum up interest

Hong Kong’s developers are offering discounts, longer payment terms, cash rebates and other goodies to drum up buying interest, as the residential property market is poised to rebound from its first-quarter slump after the city’s Covid-19 outbreak abates.

Henderson Land Development is offering up to HK$100,000 (US$12,757) of cash rebates to spur buyers to pay within 120 days for their purchases of leftover flats at The Richmond development at West Mid-Levels. Chevalier International Holdings is waiving the management fee for up to 24 months for the first 10 buyers to book its Sablier project in Tai Kok Tsui, with an extra 3 per cent discount on some units.

“Major developers need to catch up with their performances,” property agent said, who also expects that 4,000 new flats to be released for sale in the three months through June. “To keep the market’s attention and ensure sales, developers are expected to exercise restraint in pricing to attract buyers and investors.”

The expected releases, based on a calculation of homes that qualify for presale consent, would mark the busiest quarter in nine months, as the ebb and flow of successive waves of the Covid-19 disease sent the world’s most expensive residential property market into bouts of inactivity and torpor.

Sales of newly built homes slumped 64 per cent in the first three months of 2022 to a six-year low of 1,679 units, compared with the fourth quarter of last year, according to Land Registry data.

Large-scale weekend property launches had been missing in Hong Kong since late January, as social distancing rules enforced to contain the city’s latest wave of Covid-19 outbreak diminished the scope for gatherings and forced many businesses to postpone their marketing activities.

The turning point would come on April 21, when local authorities said they would relax social distancing rules. A week earlier during the Easter holidays, Wheelock Properties is expected to invite customers to register their intent to buy at its Monaco Marine project at the former Kai Tak airport.

Apartments in Kai Tak, an area with seafront view of Hong Kong’s Victoria Harbour, redeveloped from an old airfield, may be among the property that sell the quickest due to its proximity to the subway network and amenities, providing a hotbed for a bout of “revenge buying” by customers, the agent said.

Wheelock uploaded virtual reality videos of the Monaco Marine’s show flats and clubhouse with its sales brochure last week, attracting more than 100,000 unique views in just two days.

Sales during this coming weekend’s Easter holidays will mostly comprise flats that had been left over from previous launches, because developers still need time to upload their sales brochures, set their prices and collect registrations of intent from potential customers, another property agent said.

New projects may launch from the end of April to early May as developers hold their marketing plans to assess the government’s social-distancing rules, the agent said.

More new projects will be on offer in the second half, as long as Hong Kong’s Covid-19 outbreak remains stable and under control, the agent said.

A property agency’s market index which is a gauge of lived-in home prices had the biggest uptick in 20 weeks at 1.1 per cent for the week ended April 3.

(South China Morning Post)

 

尖區全幢銀主商廈意向兩億

受疫情衝擊,商廈市場觀望氣氛籠罩,市場罕現全幢銀主盤以蝕讓價放售,意向價2億。

有代理稱,尖沙嘴柯士甸路28號全幢商廈,地盤面積約1531方呎,地下至三樓為商鋪用途,建築面積共約5462方呎,4樓至18樓為寫字樓用途,建築面積共約12465方呎,項目總樓面約17927方呎,意向價約2億,呎價約11156元。

據市場消息指,上述物業去年12月淪為銀主盤,當時以2.5億招標放售,惟未獲承接終收回,近期再度推出市場,最新意向價下調兩成,此外,該物業上一手業主於2012年以約2.12億購入,若以上述意向價售出,物業於10年間貶值約1200萬。

福佬村道地鋪8500萬放售

另一代理表示,九龍城福佬村道12號博林軒地下A號鋪連1樓及平台,以招標形式出售,截標日期為今年5月31日,意向價為8500萬,項目總樓面約4770方呎,呎價約1.78萬,以現狀及連租約出售,上址地鋪約1720方呎,現時由地產代理以約8.5萬租用,租期至2023年;1樓及平台面積分別約2350及700方呎,現時以每月約4.6萬元租予教育行業,租期於今年9月屆滿。

項目於2005年落成,每層樓高約4.5米,周邊住宅大廈林立,鄰近學校及醫院,民生或教育需求顯著,適合經營補習社或餐飲等行業。

(星島日報)

 

九龍灣國際展貿中心 申改建甲廈展覽館

九龍灣積極轉型,區內多座舊式工廈漸重建或改裝為商廈等用途,連同有待批出的商業地,商業樓面供應多達逾972萬平方呎。區內未來再有大型指標項目登場,去年由億京及資本策略 (00497) 等購入的九龍灣國際展貿中心,近期已向城規會遞交申請方案,計劃重建為指標甲廈及工業展覽館項目,總樓面達177.5萬平方呎。

申放寬高限 建3幢商廈

現為區內大型綜合式物業的九龍灣國際展貿中心,近期向城規會申請將其建築物高度限制由100米 (主水平基準以上,下同) 放寬至140米,以發展為商業及工業展覽館項目。擬議發展方案將重建為3幢23至25層高的商廈 (另設3層平台層作為工業展覽及商業零售、1層平台花園、2層地庫及1層防火層),總樓面面積涉約177.5萬平方呎,當中辦公室總樓面佔約142.6萬平方呎,作為商業或零售用途的總樓面涉約22.8萬平方呎,工業展覽館則佔約12.1萬平方呎。擬議發展將維持現有項目的地積比率與總樓面面積。億京去年表示,項目投資額涉約200億元。

區內另一個大型重建項目屬啟祥道20號大昌行集團大廈,項目早前已獲城規會批准重建為2幢32層高 (包括2層零售平台) 的商廈,另設3層地下停車場,涉及總樓面面積約147.75萬方呎。

尚餘兩幅商地 擬賣地形式售

事實上,為打造「九龍灣行動區」,政府早年已有意將九龍灣與觀塘之間的多個大型政府設施搬遷重置,作為大型的商業、零售及文化中心。而九龍灣尚餘兩幅巨型商業地有待批出,合共提供約436.6萬平方呎樓面,並將會以賣地形式出售。單計該兩幅用地,已佔區內近一半商業樓面。

其中一幅用地前身為環保署的九龍灣廢物回收中心、屬於常悅道的第2號用地,佔地約1.7公頃,將以地積比率12倍發展,提供約220.2萬平方呎樓面,當中設6層基座作為零售及餐飲等用途,總樓面59.3萬平方呎,上蓋再興建3幢商廈,辦公室樓面面積高達155.5萬平方呎。另一幅用地則位處觀塘繞道與偉業街的第4號用地,前身為運輸署的驗車中心,將重建作為辦公室、酒店及零售、餐廳等綜合用途,涉及總樓面高達216.4萬平方呎。

(經濟日報)

更多九龍灣國際展貿中心寫字樓出租樓盤資訊請參閱:九龍灣國際展貿中心寫字樓出租

更多九龍灣區甲級寫字樓出租樓盤資訊請參閱:九龍灣區甲級寫字樓出租

 

大角咀香港遨凱酒店 信置申改裝

疫情重創旅遊業,而且疫情新常態下,零售及旅遊相關行業市場需求出現變化,有發展商趁機為酒店進行內部改裝,當中信置 (00083) 旗下、位於大角咀一號銀海基座的香港遨凱酒店,最新向城規會申請進行內部改裝。

擬重新設計 增至58間房

根據文件顯示,申請人計劃將現有的32間酒店客房增加及重新設計至58間客房,當中33間客房安排在部分地下位置,其餘25間客房則分布在部分地下高層。

不過,是次內部改裝只涉改動地下及地下高層的空間,從而優化非住用樓層布局,而不會影響現存的總樓面面積。項目整體非住用樓面面積將維持於約11.25萬平方呎,而酒店及零售用途的總樓面面積亦會維持約4.39萬平方呎及約6.85萬平方呎。同時,服務於現存的酒店及綜合發展的私家車泊車位、電單車泊車位、上落客貨處、的士及旅遊巴停車處亦維持不變。

申請人表示,是次申請沒有對目前的酒店建築面積作出任何改變、擬議發展在技術上不會構成不可克服的影響,而且申請旨在積極應對旅遊相關行業不斷變化的市場需求,從而提升香港在新常態下的競爭力。

(經濟日報)