Emperor Group founder and chairman Albert Yeung Sau-shing bought the last flat in the group's One Jardine's Lookout
for HK$32.9 million by tender, setting a new high for both average
price and transaction price of standard flats at the project.
All 123 units of the Happy Valley
project, developed by Emperor International Holdings (0163), have been
sold, cashing in more than HK$1.03 billion.
The last flat was sold for over HK$28,000 per square foot, 41 percent higher than the average price of HK$19,847 per sq ft.
Yeung said he bought the flat as a gift for his wife for long-term investment.
The flats in the first two rounds
of sales all sold out in a single day, according to Yeung's son and
Emperor vice-chairman Alex Yeung Ching-loong.
One Jardine's Lookout
offers flats ranging from one to four-bedrooms as well as open-plan and
featured units, with home sizes between 231 and 1,211 sq ft.
The project, located in the
upper-income residential area Mid Levels East, recorded the lowest home
price in 13 years in the district in its first batch, according to a
property agent.
The first batch was rolled out with prices between HK$4.15 million and HK$10.72 million after discounts.
The project was transformed from
the Emperor Hotel, which was completed in 1996 and became an iconic
landmark in the district, popular with tourists and celebrities in the
city.
The hotel was relocated to Wan Chai in 2017.
In other news, Bloomberg
Intelligence forecast Hong Kong's home vacancy rate will fall to 4
percent, with both rent and property prices rising by 5 percent next
year.
It is the result of more
high-income talent immigrating to Hong Kong, boosting the overall rental
market as well as favourable measures in the policy address amid rate
cuts.
The analyst also expects that the
number of first-hand transactions will increase to 16,000 this year and
further rise to 18,000 next year, while second-hand transactions will
rise to 50,000.
(The Standard)
New North Point flats set to go on sale
101 Kings Road
in North Point, developed by Wang On Properties (1243), is poised to
launch its first round of sales shortly, including 10 three-room units
for tender.
The developer unveiled the first
price list involving 51 flats earlier, with an average discounted price
of HK$20,800 per square foot.
The project, as the first one up
for sale after the new round of interest cuts from the US Federal
Reserve, has already received many enquiries, with potential investors
accounting for about half of the total, according to the developer.
Wang On Properties' Finnie
in Quarry Bay has sold 60 flats worth nearly HK$400 million. It will
roll out a new project close to Lei Tung Station next year, offering 93
flats.
In Fo Tan, The Arles, developed by Centralcon Properties, sold two one-bedroom flats for HK$13.93 million.
The project has sold 11 flats in
November, cashing in HK$85.23 million. It has sold 1,251 flats -over 93
percent in total - since starting sales.
In Kai Tak, Sun Hung Kai
Properties' (0016) Cullinan Harbour sold one 1,089-sq-ft four-bedroom
flat for HK$37.19 million by tender.
Also in Kai Tak, Henderson Land's (0012) The Henley II sold two one-bedroom flats for over HK$17.77 million by tender, including one 380-sq-ft flat and one 379-sq-ft flat.
In Sheung Wan, 42 Tung St developed by The Development Studio recently sold two flats for HK$31.72 million.
The luxury property market got a
booster shot through measures outlined in the policy address that allow
immigrants to purchase flats over HK$50 million as investment, said the
developer.
TDS chairman Keith Kerr was formerly chairman of Swire Properties (1972).
In Hung Shui Kiu, Asia Standard
International (0129) announced High Park II will roll out 402 flats with
sizes ranging from one to three-bedrooms between 297 and 535 sq ft.
Nearly 26 percent of flats are one-bedroom units and 68 percent are two-bedrooms.
The developer said a total of 404 units in High Park I have been sold.
In other news, Early Light
International property development managing director Raymond Lee Ping-yu
said the interest rate cut cycle will help reduce inventory by
incentivizing people to buy instead of rent.
The company, founded by "King of
Toys" Francis Choi Chee-ming, saw over 410 flats sold so far for its
Gold Coast Bay project in Tuen Mun, boosted by mainland students' rental
demand.
(The Standard)
Hong Kong politician Bunny Chan swoops down on Tin Hau’s Whitfield Hotel at 30% discount
Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield
A Hong Kong
businessman and deputy to China’s legislature has acquired a hotel at a
third less than the price paid by the previous owner, betting on the
long-term resilience of the city’s tourism sector.
Twenty One
Whitfield hotel in Tin Hau changed hands for HK$268 million (US$34.7
million) on Monday, Land Registry records showed. Bunny Chan Chung-bun
and Paggy Chan Pik-kei are the registered directors of the buyer, Huge
Fame Limited, according to the Companies Registry.
Bunny Chan is one
of Hong Kong’s representatives to the National People’s Congress and
also an independent non-executive director of railway operator MTR Corp.
“With policy
support from Beijing, I am very confident in Hong Kong’s economy in the
long run,” Chan told the Post in a phone call on Wednesday, adding that
the recovery would take some time.
Investors have
been snapping up hotels, taking advantage of the huge discounts and
converting them into student housing after the government pledged to
turn the city into an international hub for education.
Chan said he was open to the idea of converting the hotel into student housing after taking formal ownership.
Chan also said he
will consider additional investments in hotels, offices and commercial
buildings provided the location and price are to his liking. He said he
will continue to monitor the property market, noting that the “interest
rate trend had not yet stabilised”.
The 32-storey
hotel, with views of Victoria Harbour, has a total of 54 rooms. Based on
the transaction price, the cost of each room works out to about HK$5
million.
The hotel was
under receivership after the previous owner, a Taiwan-based consortium,
failed to settle a loan taken in 2019. The consortium bought the hotel
in 2014 for HK$395 million, according to data from the Land Registry.
Based on the transaction price, the sellers have incurred a 32 per cent
loss.
A property
consultancy estimates that by 2028, 175,000 student beds will be needed
in Hong Kong versus an estimated supply of 55,000 beds. Currently, there
are nine en-bloc private student accommodation projects offering 2,848
beds. Next year, new supply is expected to add some 2,000 beds.
In September, the
owner of the 63-room Popway Hotel in Tsim Sha Tsui said it would convert
the hotel into 150 beds for student rentals. Hong Kong’s biggest
property agency paid HK$180 million – 53 per cent less than the asking
price – when the asset was put up for sale by auction last year.
Crystal
Investment, which owns Y.X, the largest student accommodation provider
in Hong Kong, acquired Hotel Ease in Lai Chi Kok from the family of the
late “Shop King” Tang Shing-bor for HK$220 million in April.
In January, global
investment firm PGIM partnered with Dash Living to buy the 56-room
Ovolo Sheung Wan hotel for HK$320 million, with the aim of turning it
into co-living accommodation for short and long-term stays.
(South China Morning Post)
南商金融創新中心連錄大手成交 涉及11860方呎作價共1.6億
甲廈新盤不乏捧場客，長沙灣南商金融創新中心連錄大手成交，該廈兩批單位各由兩組財團承接，涉及11860方呎，作價共約1.6135億，平均呎價分別為13597元及13611元，買家看好甲廈新盤未來升值潛力。
有代理表示，南商金融創新中心錄2宗大手成交，其中，該廈16樓A3、A5、A6、A11、B8及B9室，合共6個單位，建築面積共5571方呎，由財團以7575萬承接，平均呎價13597元。
另一組財團購入16樓A1、A2、A7、A8、A9合共5個單位，建築面積共約6289方呎，涉資為8560萬，平均呎價13611元，該批細單位望開揚景，大單位望維港景。
分別由兩組財團承接
該代理又說，投資者預計進入減息周期後，資產價值反彈，該廈成為目標，故迅速拍板大手購入單位。
今年9月，該廈53個單位亦由投資者7.6億承接，分布於23、25、26及27樓，建築面積約共57623方呎，呎價逾1.3萬；今年7月，該廈17樓全層連同地庫45個車位，各以3.29481億及8100萬易手，作價共約4.1億，買家亦是投資者，商廈平均呎價1.34萬，車位每個180萬。
平均呎價約1.36萬
該代理又說，該廈總建築面積近190萬方呎，大廈2020年開售，現時貨尾售罄，長沙灣近年來徹底轉型，新落成甲廈及重建項目形成九龍西甲廈商業圈，除南商金融創新中心，同由新世界發展商的83永康街及83瓊林街「PORTAS」相繼入伙，使區內商業圈更趨成熟。
(星島日報)
更多南商金融創新中心寫字樓出售樓盤資訊請參閱：南商金融創新中心寫字樓出售
更多永康街83號寫字樓出售樓盤資訊請參閱：永康街83號寫字樓出售
更多長沙灣區甲級寫字樓出售樓盤資訊請參閱：長沙灣區甲級寫字樓出售
更多PORTAS寫字樓出租樓盤資訊請參閱：PORTAS寫字樓出租
更多長沙灣區甲級寫字樓出租樓盤資訊請參閱：長沙灣區甲級寫字樓出租
西環頤庭酒店獲洽購 投資者出價逾4.5億
「小巴大王」馬亞木家族早前放售西環德輔道西160號頤庭酒店，市場消息指，該全幢獲投資者出價逾4.5億洽購。
頤庭酒店全幢樓高24層，總建築面積約66144方呎，提供93間客房，消息指該物業獲投資者出價逾4.5億洽購，昨日更盛傳該酒店已由一間投資公司購入。
投資公司否認購入
不過，該公司接受本報查詢時表示，否認購入該物業。此外，亦有消息指，項目獲多間財團出價，惟暫未達業主意向價。
該全幢於2015年改建酒店，中高層可望維港景，除了酒店部分，物業地下至6樓為商業部分，地下至4樓現時由餐飲及水療中心承租，5至6樓可用作辦公室，酒店大堂設於7樓。
未到達業主意向價
該酒店距離中環國際金融中心需時5分鐘車程，距離香港大學正門需時7分鐘車程。物業位於港鐵西營盤站A2出口上蓋。
今年2月，上環皇后大道中奧華酒店由外資基金保德信夥拍本地共居品牌Dash Living承接，作價約3.2億，平均呎價1.23萬，相關財團於2022年以約8.5億收購上環彩鴻酒店全幢，呎價約1.66萬。
(星島日報)
更多國際金融中心寫字樓出租樓盤資訊請參閱：國際金融中心寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
中環些利街LL Tower商廈基座放售，市值1.5至1.6億，物業連約推出。
有外資代理行表示，些利街2及4號LL Tower商廈基座，包括地下及2至3樓，總建築面積約7082方呎，物業以現狀連租約出售，現時估值約1.5至1.6億，預期回報約4厘。LL Tower於2019年落成，基座主要由餐飲商户承租，每層建築面積約2256至2551方呎，特點為高樓底和5千帕承重能力，並配備67至101A三相電供應。
連約料回報4厘
物業位於中環金地段，連接中環半山自動電梯系统，離港鐵中環及香港站僅5至10分鐘步程。附近有蘇豪區、PMQ、壁畫街等熱門聚腳及打卡點，吸引年輕人及旅客，適合各類型商戶進駐。
(星島日報)
更多LL Tower寫字樓出售樓盤資訊請參閱：LL Tower寫字樓出售
更多中環區甲級寫字樓出售樓盤資訊請參閱：中環區甲級寫字樓出售
