Three deals worth a total of HK$55.44 million at the Pavilia Farm III, which has been hit by a construction scandal, were terminated last Friday.

The project, which is being jointly developed by New World Development (0017) and MTR Corp (0066), lies atop the Tai Wai MTR station in the New Territories.

The cancellations come after construction defects at the project were found last month. NWD said it would demolish and rebuild two of the seven residential blocks at the project as the strength of some concrete sections did not meet the design requirements approved by the Building Department.

A 991-square-foot four-bedroom flat sold for HK$26.26 million, or HK$26,504 per square foot, was the biggest terminated deal recorded in the Sales of First-hand Residential Properties Electronic Platform.

Transactions for another two flats sized 746 sq ft and 534 sq ft were terminated as well. The buyers had bought the flats for HK$17.23 million and HK$11.94 million respectively.

Though buyers would normally forfeit their deposits on a project if they pull out of the deal, NWD said the 846 buyers affected will be compensated no matter whether they terminate or continue their deals.

Meanwhile, in the luxury market, CK Asset (1113) sold a 2,169-sq-ft flat in the first phase of 21 Borrett Road at the Mid-levels for HK$154 million. The flat has four rooms with two suites and two parking spaces. The average price is around HK$71,369 per square foot. The developer has sold four flats at the project for HK$735 million since July.

Meanwhile, a property agency reported that only seven secondary deals at 10 major housing estates over the weekend, down two deals from a week ago, and falling to a 26-week low. Three estates - Mei Foo Sun Chuen in Lai Chi Kok, Kornhill in Quarry Bay and Metro City in Tseung Kwan O - recorded no deals.

Since the their ndex, the gauge of secondary property prices, has reached a new high, potential buyers and homeowners may opt for unsold units in the primary market, agent said.

In the industrial market, data from another property agency showed the number of transactions surged 1.5 times year-on-year to 2,356 for the first seven months in 2021.

An 82 percent on-year increase to 363 in July's transaction figure was recorded.

The total transaction amount last month was HK$4.238 billion, up 120 percent from a year ago.

(The Standard)

New World’s Pavilia Farm project sees its first cancellations with deals for three flats terminated

Market observers fear this could trigger further cancellations amid uncertainty over the demolition and reconstruction of the two affected towers

New World’s compensation for the buyers of 846 units in the two towers earmarked for demolition was seen as ‘generous’

New World Development’s The Pavilia Farm III project, where two blocks are earmarked for demolition, has seen its first cancellations.

Deals for three flats in the affected blocks of Hong Kong’s bestselling new residential project last year were terminated despite adequate compensation offered by the developer. Some market observers fear more cancellations were possible because of uncertainties over the project.

The three flats, of which two were owned by a single buyer, were priced at HK$26.27 million (US$3.38 million), HK$17.23 million and HK$11.94 million, respectively, according to data from the Sales of First-hand Residential Properties Authority.

New World confirmed the cancellation of the deals on Sunday.

“No one can predict when the developer can tear down the towers and rebuild two new blocks because it involves many parties including the government and the subway operator MTR Corp,” agent said.

The agent said that end users with actual needs cannot wait and will cancel their purchases and look for other flats, but added that he expects most buyers to stick with their purchases “due to the generous compensation offered by the developer”.

New World sent shock waves through the industry when it announced last month that it would tear down blocks one and eight after finding that the concrete walls in the podium of the two towers failed to “meet the requirements of the approved design” during concrete strength tests.

The demolition and rebuild affects the buyers of 846 units.

New World has offered buyers who settle the purchases within 180 days of signing the contract compensation of up to 7.6 per cent of their purchase price. Buyers who choose to pay their mortgages after they move in will receive HK$380,000 in interest compensation. Those who cancel their purchases will each receive HK$310,000, inclusive of rental subsidy and interest compensation.

Last week, David Tang Chi-fai, MTR Corp’s property and international business director, said New World had submitted an investigation report to the Buildings Department and the rail firm, adding that liability considerations would be looked at.

New World sold 3,028 units, or 98 per cent of the entire project sitting above Tai Wai MTR station in the New Territories, as of June 30, according to sales agents.

Over six weekends late last year, the developer sold 2,100 flats in Tai Wai for a total haul of HK$23.8 billion, making The Pavilia Farm the city’s top selling new launch last year.

The project sold so well that the developer raised the average prices between the projects’ three phases, pricing Phase III 24.3 per cent more than Phase I.

Last month, Frank Chan Fan, the Secretary for Transport and Housing, said the Buildings Department was conducting an investigation to see whether the construction at The Pavilia Farm involved violations of the Buildings Ordinance.

He said that the demolition plan of the affected towers must cover detailed procedures to ensure compliance with regulatory requirements.

(South China Morning Post)

本地大型代理行遷出中環 租尖沙咀商廈省56%開支

近年不少地產代理行遷出中環，以節省成本。消息指，本地大型代理行，租用尖沙咀九倉電訊中心3層多樓面，涉及約6萬平方呎，呎租約35餘元。該集團原租用中環新世界大廈，搬遷可節省逾半租金。

涉6萬呎 呎租約35元

市場人士指，尖沙咀海港城九倉電訊中心錄大手租務成交，涉及物業10、16及17樓全層，以及數個細單位，面積合共約6萬平方呎，以平方呎約35元租出。九倉電訊中心屬於海港城商廈群中，樓齡較舊的商廈，故租金相比較港威大廈等為低。大廈位處廣東道，樓下為海港城商場，故配套甚佳。

據了解，新租客為本地大型代理行，該集團租用中環皇后大道中新世界大廈多年，物業現時呎租料約80元，是次遷出中環搬至尖沙咀，可節省約56%開支。

中環租金過往冠絕全球，而代理行業員工多外出工作，留在總部時間不穩定，故不少代理行為節省成本，選擇遷出中環，搬至非核心區。近兩年，市場上多間外資測量師行，先後遷離中環，如一測量師行原租用金鐘太古廣場三期，兩年前搬至港島東太古坊一座；而另一測量師行原租用中環怡和大廈多年，今年亦選擇搬至太古坊的港島東中心，同樣可節省大筆開支。

另消息指，尖沙咀海港城港威大廈錄全層租務，涉及物業中層2層樓面，每層面積約2.5萬平方呎，合共約5萬平方呎，以每平方呎約50元租出。

據悉，新租客為保誠保險，集團一直租用港威大廈，是次新租全層樓面料作整合及擴充。翻查資料，該兩層樓面曾由共享空間WeWork租用，該品牌原本大手租用6層樓面，合共約15萬平方呎，惟集團在港大幅收縮業務，裝修樓面後一直未有遷入，交回業主。據了解，其中兩層樓面早前已獲商務中心IWG租用。

(經濟日報)

更多九倉電訊中心寫字樓出租樓盤資訊請參閱：九倉電訊中心寫字樓出租

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新世界約1.4億 沽學士臺停車場

發展商沽非核物業，消息指，新世界 (00017) 及協成行以約1.4億元，沽出半山薄扶林道學士臺停車場。

消息稱，薄扶林錄停車場買賣，涉及薄扶林101號學士臺停車場，分布於物業1及2樓，涉及50個車位。項目由物業發展商新世界及協成行持有，早前委託測量師行進行放售，據悉，項目以約1.4億元沽出。

涉50車位 每個價值280萬

該屋苑提供600多伙單位，惟車位僅50個，故需求極大，以1.4億元成交價計，每個車位價值約280萬元。據悉，車位每月租約4,200至4.500元。

新世界近期亦有沽售非核心資產包括停車場，本年中以5,968萬元，沽出柴灣康翠臺2樓50個車位，平均每個車位成交價約119萬元，新買家為內地客。

黄竹坑珍寶閣509車位 4億沽

車位供應緊張，位於港島區停車場更是罕有，故近期港島區屋苑停車場吸引財團入市承接。本月黄竹坑惠福道珍寶閣509個車位，以逾4億元易手，平均每個車位約80萬元，新買家為宏安地產。該批車位原本由新濠國際 (00200) 所持有，租金回報率約3.8厘。

據悉，項目不能拆售，宏安將加以翻新，提高租金收入及回報率，作長綫投資。

(經濟日報)

黃竹坑環匯廣場 全層1.42億售

甲廈買賣略回升，消息指，黃竹坑環匯廣場中高層全層，面積約9,820平方呎，連同兩個車位，以約1.423億元成交，呎價約14,500元。

原業主於2014年，以8,641.6萬元購入樓面，現持貨7年轉，獲利約5,588萬元離場，升值約65%。

(經濟日報)

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大手工廈成交今年暫錄19宗 較去年同期急升2.8倍 基金主導市場

工廈交投活躍，根據本報統計，今年以來市場暫錄19宗大手工廈買賣，較去年同期僅5宗，上升2.8倍，涉資高達145.8億，更是急升5倍。當中，外資基金最活躍，佔市場「大半」交易金額。

今年以來，市場暫錄19宗逾億元工廈買賣，其中全幢佔12宗，最大宗為華潤物流承接屯門東亞紗廠工業大廈，作價22.4億，其次，ESR斥18億購入葵涌光輝凍倉全幢。除了全幢外，一籃子巨額買賣亦「非常出色」，其中，施羅德資本房地產與Bentall Green Oak買入荃灣有線電視大樓及One Midtown一籃子貨，作價高達26億，更是今年來最大宗工廈買賣。

金額145.8億 急升五倍

積極購貨的基金共有六家，除了上述施羅德，嘉民亞洲基金、SilkRoad Property Partners、安祖高頓基金、黑石基金及ESR都相繼出手，可見他們看好工廈的前景。ESR以18億購入葵涌光輝凍倉，於一眾基金當中，屬第二大買家。

嘉民亞洲基金購入位處觀塘、九龍灣及葵涌的物流中心及一籃子工廈，悉數屬於分散業權，合共涉資13.2億，排行第三位。

由此可見，散業權工廈物業亦有價有市。地產界人士表示，該批物業在重新打造後，料收取可觀回報。

散業權工廈亦受捧

有代理表示，工廈可塑性高，而早前活化工廈2.0及標準金額先導計畫，讓全幢工廈更具重建價值，吸引不少財團入手，支撐工廈售價。

該代理表示，展望未來，考慮到工廈物業用途廣泛，銀碼較為低水，而疫情後市場對倉庫和物流中心的

需求亦有所增加，加上數據中心的發展前景樂觀，將會帶動工廈後市繼續造好。

另外，現時香港各項本地經濟指標逐漸回暖，相信亦會支持工廈售價繼續向好。

另一代理表示，今年上半年工廈成交回升，工廈物業總成交金額按年上升2.04倍。該代理預期，投資者下半年將繼續注視工廈物業。

(星島日報)

代理行：荃灣工廈價格跑贏大市

本港疫情在月初基本上達致「清零」，利好消息為工廈市場帶來動力，有代理行資料顯示，今年首7個月工廈買賣共錄2356宗，比去年同期升1.53倍，更連續5個月企穩350宗或以上。今年首7個月售價累升3.2%，荃灣區累積升幅更以7.2%跑贏大市。

該代理行資料顯示，今年首7個月工廈售價則累升3.2%，呎價按月錄得上升的共有七區，其中升幅最高的為葵涌區，按月升1.9%，最新報4011元。其次為按月升1.5%的長沙灣區，7月報6117元。荃灣區表現亦不俗，不但按月升1.4%，更已經連續5個月錄得升幅，今年首7個月累積升幅達7.2%，表現跑贏大市。

連升五月累積幅度7.2%

雖然整體工廈售價指數上升，但7月份仍有三區錄得跌幅，當中紅磡/土瓜灣的跌幅最明顯，按月跌1.5%，7月最新報4916元，首7個月已經累跌4.8%。觀塘則按月跌1.3%，最新報6283元。

此外，該代理行綜合土地註冊處資料顯示，今年首7個月工廈買賣註冊共錄2356宗，比去年同期升1.53倍，7月份最新報363宗，按年升82.4%，已連續5個月保持在350宗以上水平。7月份註冊金額錄42.38億元，按年升近1.2倍。

(星島日報)

60%企業願租環保商廈

近年，市場興起環保商廈，據外資代理行研究數據顯示，香港約有逾六成的企業，願意租用獲環保認證的商廈，並支付較高的租金，相關租金較一般商廈貴1%至7%等。該行今年上半年接獲有關淨零碳的客戶查詢增加，反映香港企業較以往關注可持續發展。

該行最新一份研究，向亞太區超過550位地產領導者進行意向調查，區內約有九成的企業，同意解決地產業產生的碳排放，對實踐淨零碳的目標極為重要。該行認為，這標誌着區內地產組合的租賃及投資邁向新時代。

淨零碳查詢增逾一倍

該行代理表示，該行於今年上半年接獲有關淨零碳事宜的客戶查詢，較去年全年增加逾一倍，顯示氣候危機及世界各地政府推出的政策令企業採取行動，邁向淨零碳。

該代理稱，現時採取行動的企業未來將會最受惠，因為各國都為減碳採取更嚴厲手段，業主及早節能減碳，既符合投資者、客戶及員工的需求，亦可提高營運效率，節省成本。

該行研究顯示，現時香港有39%企業租戶，已訂立淨零碳的目標，並有額外29%的企業計畫於2025年前制定目標。目前在租用獲環保認證商廈的租戶，大多支付較普通商廈高出1%至7%租金。

該行另一代理表示，租戶對地產有關的減碳方案需求趨增，以配合其可持續性發展目標，將令投資者優先考慮綠色投資，推動地產業面向未來的環保建築轉型。

(星島日報)