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Fruitful harvest for developers

Signs of a booming local property market continue following the interest rate downturn and rising home demand from offshore talent, bringing developers of new projects a fruitful harvest, especially for those in Kai Tak and Northern Metropolis.

The Knightsbridge in Kai Tak, co-developed by six developers including Henderson Land (0012), has sold 40 units since sales resumed with finished units last month, minting around HK$1.55 billion. It plans to launch a new batch of sea view flats today.

High Park I in Hung Shui Kiu in Northern Metropolis, developed by Asia Standard International (0129), has raked in around HK$2.1 billion from selling 403 units, comprising more than 90 percent of the project's homes. With more tenants turning up to buy flats amid the interest rate cut cycle, 90 percent of buyers bought units for practical purposes, the developer said.

The second phase of High Park is in the works as the developer believes that with more talent coming to the city, home demand in the area will increase.

Hollywood Hill in Sheung Wan, developed by Hanison Construction (0896), has cashed in HK$260 million from the sale of 34 units. The developer plans to launch a luxury project in Kowloon Tong in the first half of 2025, which includes 11 units. It will roll out a low-density premium project in Tong Yan San Tsuen, Yuen Long in the first quarter of 2026.

A two-bedroom flat in St George's Mansions in Ho Man Tin, developed by Sino Land (0083) and CLP Holdings (0002), sold for HK$21.78 million.

Finally, CK Asset (1113) recently sold two four-bedroom flats at its 21 Borrett Road project in Mid-levels Central for HK$290 million by tender.

(The Standard)

 

Sichuan tycoon dumps Hong Kong Mid-Levels luxury flat for US$8.4 million, a 35% discount

The seller of the flat is An Zhifu, president of Sichuan-based Fulin Group

A tycoon from Sichuan province sold a luxury flat in Hong Kong’s Mid-Levels at a 35 per cent discount, as buyers hunt for bargains amid falling interest rates and eased restrictions on borrowing.

A 1,674 sq ft duplex in the Alassio luxury project – developed by Swire Properties – at 100 Caine Road changed hands for HK$65 million (US$8.35 million), 35 per cent lower than its last sale price of HK$101 million in 2016, according to an agent who is familiar with the deal.

The seller is An Zhifu, president of Sichuan-based Fulin Group, a private business with interests in real estate, car manufacturing, healthcare and transportation that has total assets of 20 billion yuan (US$2.8 billion), according to its website. The company is a shareholder in Fulin Precision, a Shenzhen-listed company that makes and sells car parts.

The flat was sold on November 6, the agent said, after going on the market last year with an asking price of HK$110 million. But the transaction has yet to show up on the Land Registry and details on the buyer are not available.

“We’ve seen mainland homeowners who bought luxury houses in Hong Kong when the market was hot trying to sell over the past two years due to various reasons,” an agent said. “At the same time, recent big lump sum transactions worth HK$50 million or more were mostly from mainland buyers, too.”

Sentiment in Hong Kong’s residential property market has become sunnier since the US Federal Reserve kicked off a cycle of interest-rate reductions in September. Last week, following another Fed cut, the Hong Kong Monetary Authority reduced its base rate by a quarter point to 5 per cent. Subsequently, six major Hong Kong lenders reduced their prime lending rates for the second time this year, which trimmed borrowing costs to their lowest level in two years.

In addition, the Hong Kong government recently raised the borrowing limit and debt-servicing ratio for both residential and non-residential properties. It also removed all buying curbs in February.

All these factors plus an upbeat stock market have helped to lift sentiment in the property market and spur luxury residential sales, another agent said.

“Alongside end users, there is growing interest from investors looking to capitalise on the luxury market for distressed sales opportunities,” the agent  said.

The agent added that prices of luxury residential homes have not seen a major drop, but distressed properties may see large price reductions of as much as 50 per cent.

Earlier this month, Chen Zhuolin, the chairman of troubled mainland Chinese developer Agile Group, sold a residential property in Hong Kong at a 62 per cent discount to his purchase price six years earlier, according to government records.

The agent also sold another flat in Hamburg Villa in August for HK$14.3 million, or 54 per cent below his purchase price, according to official records.

In October, 20 luxury residential properties worth HK$78 million or more changed hands, up from 12 in September. The value of all such transactions in October was HK$4.15 billion, up 170 per cent from the HK$1.54 billion that was reported in September, according to the agency.

(South China Morning Post)

 

印度商人1.41億購中上環甲廈 美國銀行中心呎價1.8 皇后大道中181號回報約4

商廈交投漸活躍,中環美國銀行中心單位以及上環皇后大道中181號新紀元廣場低座單位,分別以5600萬及8500萬易手,平均呎價1.8萬及近1.2萬,涉資合共1.41億,回報為2.7厘及逾4厘,買家為印度商人,由於該兩個皆連約易手,市場人士買家作投資用途。

市場消息透露,印度時裝品牌EPIC Group相關人士購入中上環2個甲廈,涉資合共1.41億,上述2項物業買家為EPIC Group創辦人Ranjan Mantani及該集團執行董事Sunil Daryanani及相關人士,透過EPIC PROPERTIES HOLDING LIMITED購入該2項物業。

美國銀行中心單位作價5600

其中,美國銀行中心606至609室,建築面積約3110方呎,以5600萬連醫生租約易手,平均每呎18006元,該單位現時呎租40元,月租約12.44萬, 租約至26年1月,新買家料回報2.67厘。該單位為優質戶,對正電梯,望山景及部分海景,但實用率略為低,只有62.8%。原業主於2014年2月以6850萬購入,持貨逾10年帳面虧損1250萬,物業貶值18%。

皇后大道中181號單位8500萬成交

上環皇后大道中181號新紀元廣場低座801、801A及802室,建築面積7171方呎,以8500萬連約易手,平均呎價11853元,月租約30.5萬,呎租42.53元,回報約4.31厘,租期至2025年12月。該單位實用60.01%,望開揚樓景及城市景。原業主於2010年10月以7230.8萬購入,持貨14年帳面獲利1269.2萬,物業升值18%。

大角咀工廈1280萬沽

EPIC Group於印度孟加拉設有大本營,集團擁有九條生產綫,員工超過3萬人,年生產時裝數目多達1.2億件。

有代理表示,大角咀必發道75號「Two Bedford Place」低層全層成交,建築總面積約2307方呎,成交價約1280.6萬,平均每呎約5551元,上述成交單位劃分為3個獨立新型工作室,建築面積介乎約644至860方呎,間隔四正實用,單位樓底約3.5米,每個工作室均設專屬洗手間,提供63A三相電及冷氣,大樓設2部載客升降機直通各樓層。

(星島日報)

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減息帶動甲廈連錄成交 造價仍低

近期甲廈買賣明顯增加,業內人士認為,減息增強買家入市信心,惟仍有平盤於市場上,故造價仍較低。

據一間本港代理行每月10大指標甲廈買賣成交上,上月錄得7宗買賣,交投上升。上環信德中心錄2宗成交,其中一宗為信德中心招商局大廈19樓1及17室銀主盤,面積共約3,298平方呎,以約4,100萬元成交,呎價約12,432元,為近10多年新低。

翻查資料,該物業曾由中聯石化前主席許智明及相關人士擁有,2017年底以約9,739.6萬元購入,呎價約29,532元,早前單位淪銀主盤。按現時成交價計,單位於7年間,大幅貶值約5,637萬元,跌價約58%。

力寶中心無窗戶 成交呎價1.5

至於金鐘力寶中心更一連錄4宗買賣,包括1座高層03室,面積約3,124平方呎,以約4,217萬元成交,呎價約13,499元,屬低價成交。原業主於2006年以約2,561萬元購入,持貨18年轉手,獲利約1,656萬元。

另外,力寶中心二座3510室,面積約392平方呎,以約580萬元易手,平均呎價約14,796元,該單位位處電梯槽旁而無窗的迷你空間,造價向來偏低。

至於尖沙咀方面,星光行中高層32室,面積約754平方呎,以約500萬元易手,呎價約6,631元。

該行代理認為,最近整體甲廈市場買賣增加,主因9月起減息,令買家入市信心加強。整體而言,現市況處好淡爭持格局,仍有業主較睇淡後市,以低價放售物業,故最近甲廈成交增,而造價仍偏低。

馬亞木家族 連環拆售中環甲廈

除了傳統10大指標甲廈外,其他甲廈買賣亦有上升,「小巴大王」馬亞木家族近期拆售2項目,其中持有多年的中環環球大廈23樓全層甲級寫字樓進行拆售,並售出03室,面積約1,394平方呎,以約3,000萬元交吉售出,呎價約21,521元。另資料顯示,該家族亦拆售中環中心27樓1及13室,面積約5,062平方呎,以約1.03億元成交,呎價約20,348元,屬理想價格。

該代理分析,現階段未能斷定甲廈呎價是否見底,但見近期承接力,相信價格離底不遠,短期內造價仍會偏低,成交量上升。

(經濟日報)

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甲廈首10月交投 按年增1成半

統計指,今年首10個月甲廈錄85宗買賣,較去年增近15%。

有本港代理行發表的商廈市場報告指出,10月份共錄得9宗指標甲廈成交,按月增加2宗,而今年首10個月則錄得85宗成交,較2022年及2023年的數字分別增加約37.1%及14.9%。租售價方面,指標甲廈售價按月下跌約2.8%,而租金則按月微升約0.6%。

租賃成交方面,市場再錄得有資產管理行業擴充樓面。美資對冲基金Millennium Management以月租約239萬元租用國際金融中心二期中高層樓面,以及萬方家族辦公室以月租約113萬元租用中環中心中層樓面。此外,內地電商京東旗下的企業亦以月租約33萬元租用中環怡和大廈高層樓面。

改裝商廈擬寬限 乙廈看俏

該行代理表示,政府在新發表的施政報告中推出多項強化香港財富管理業務的政策,以及放寬改裝酒店和商廈為學生宿舍的限制。措施有助鞏固本港作為國際財富管理中心的地位,預料資產管理相關的行業將會成為商廈的主要租戶。目前商廈空置率高企,放寬改裝商廈的限制有助紓緩目前商廈市場供過於求的局面,建議政府提出標準補地價的方案或收取容忍費的措施,從而加快商廈業主改裝旗下物業的進度。

此外,投資者可以留意乙級商廈的投資機會。一旦放寬改裝商廈的政策得到落實,相信具備改裝為學生宿舍的乙廈物業價值將得到提升。

該代理又指出,聯儲局在11月的議息會議再度減息25點子,而本港各大銀行亦跟隨將最優惠利率減低。配合金管局放寬物業按揭貸款的政策,相信措施能為投資者入市提供誘因。在10月份金鐘及上環皆錄得有甲廈物業以超過10年的低位成交,此外,目前不少位於東九龍的甲廈平均呎價亦低於10,000元的水平,預料未來將有更多投資者低價吸納優質商廈物業。

(經濟日報)

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