The Industrial and Commercial Bank of China (1398) is looking to lease over 10 floors at CK Asset's (1113) new skyscraper in Central at an estimated rent of up to HK$90 per square foot, according to a report.

The lease at Cheung Kong Center II would include 200,000 square feet of office space as well as 6,000 sq ft of retail space that can be used as a bank branch, the Hong Kong Economic Times reported.

The deal has not been finalized yet, it said.

Leasing activity at Cheung Kong Center II has been muted amid a lackluster office market and companies relocating from Central to areas like East Kowloon.

In light of the market situation, the rental rate is estimated to be in the range of HK$80 to HK$90 per sq ft.

Wholly owned by CK Asset, Cheung Kong Center II is being built on the site of the former Hutchison House. When completed this year, the 41-story tower will offer a total space of 550,000 sq ft.

A property agent said the reported negotiations between ICBC and CK Asset appears to be an outlier in light of the substantial space involved.

The last major deal involving office space was reached a year ago with asset management firm CPPIB reportedly leasing 28,000 sq ft in the nearby Henderson building - The Henderson at HK$130 per sq ft

An international agency firm declined to comment, saying the project is subject to a confidentiality policy.

(The Standard)

For more information of Office for Lease at Cheung Kong Center II please visit: Office for Lease at Cheung Kong Center II

For more information of Office for Lease at The Henderson please visit: Office for Lease at The Henderson

For more information of Grade A Office for Lease in Central please visit: Grade A Office for Lease in Central

New Lohas Park studios priced under $5m

Villa Garda III in Lohas Park will be available for sale at HK$16,938 per square foot or less than HK$5 million for a studio, the cheapest among new projects in the area.

Jointly developed by Sino Land (0083), K Wah International (0173), China Merchants Land (0978) and MTR Corp (0066), the phase 11D of Lohas Park, known as Villa Garda III, released its first price list yesterday for 130 flats, with a discounted average price of HK$16,938 per sq ft, nearly 8 percent cheaper than those sold at Villa Garda II last year.

The pricing is 6.3 percent above the discounted average rate of HK$15,939 per sq ft observed in the second batch of the well-received development, The Coast Line I, located in Yau Tong.

The cheapest flat in the first price list of Villa Garda III is a 283-sq-ft studio on the 10th floor of Tower 3A, offered at a discounted price of HK$4.97 million.

Meanwhile, CK Asset (1113) will launch sales of all 219 flats in the price lists for The Coast Line I on Sunday, with the cheapest priced at HK$3.65 million after discounts, in a bid to sell out the project as soon as possible.

The developer revealed the third price list yesterday, featuring 119 flats, with the cheapest unit priced at HK$3.8 million. This follows the earlier release of the first and second lists, each comprising 50 flats, on Monday and Tuesday, respectively.

The 219 flats that go on sale Sunday comprise one to three-bedroom units, spanning areas from 273 to 736 sq ft. The discounted prices fall within the range of HK$3.65 million to HK$13.42 million, with an average discounted price of HK$15,939 per sq ft .

Executive director Justin Chiu Kwok-hung said the sooner they sell out all the units, the better it will be for the developer, allowing it to rest easy.

Despite the influx of new projects into the market, he remains unworried about the intense competition, citing his confidence in the project's quality.

Just around two weeks have passed since the developer released the initial price list for the entire project. In this short span, the first batch of flats has already been sold out.

(The Standard)

Hong Kong’s Villa Garda III developers rush to the market with sales launch, hot on the heels of CK Asset’s sold-out project

Sino Land, K Wah International and China Merchants Land aim to capitalise on a revival in the demand for property and seek to pre-empt launches by rivals

Move follows the successful sale made by CK Asset Holdings which sold out all 219 standard units at its The Coast Line I development in Kowloon

Sino Land, K Wah International and China Merchants Land, the developers behind Villa Garda III housing project in Hong Kong have hastened their sales campaign releasing the first price list at discounts in response to the renewed buying interest sparked by CK Asset’s successful launch.

The project is located in Tseung Kwan O district’s Lohas Park neighbourhood and the developers aim to capitalise on this demand revival, seeking to pre-empt launches by rivals, according to market watchers.

Hong Kong’s inventory of unsold units in completed projects is at its highest since 2007, according to a property agency, which said a total of 83,000 housing units are available currently with 18,000 in completed projects and the rest under construction. About 25,000 more units are expected to hit the market in 2023, according to the agency.

“Developers may want to tap prospective buyers who were unsuccessful in purchasing flats in The Coast Line II, as Tseung Kwan O and Yau Tong are close to each other,” said Raymond Cheng, managing director, head of HK property at CGS-CIMB Securities. “From a city planning and environmental perspective, Villa Garda III is much better than The Coast Line I.”

The Villa Garda III project has released its first price list of 130 units, at an average discounted price of HK$16,938 per square foot. The price is 7.8 per cent lower than the HK$18,378 per square foot price listed by the project’s phase II, launched last year.

The lowest price tag on the list is for a 283 sq ft open studio, for which buyers will have to pay HK$4.97 million, or HK$17,553 per square foot.

The sales campaign for these flats is expected to be launched next weekend, according to a property agent.

Earlier this month CK Asset Holdings, the property flagship of Hong Kong billionaire Li Ka-shing, announced it had sold out all 219 standard units at its The Coast Line I development in Kowloon.

Justin Chiu Kwok-hung, CK Asset’s executive director, said there was no competition between the properties offered by Villa Garda III and The Coast Line I.

“You need to also take into account the quality and location of the development,” Chiu said. “Hong Kong people would always prefer the downtown area over the suburbs.”

In a reflection of underlying demand, CK Asset increased the units on offer from 50 units to 219. The average discounted price of the 219 units in The Coast Line I is HK$15,939 per square foot, 8.5 per cent higher than The Coast Line II, because The Coast Line I is nearer to the harbour in Yau Tong and offers better views.

The sales of the units are expected to raise HK$1.9 billion.

“Both developments have their own features but CK Asset’s may outweigh a bit due to its pricing,” Cheng said. “They did not raise the price much for The Coast Line I and some investors may prefer flats with a harbour view.”

CK Asset, sold every flat in The Coast Line II for an estimated total of HK$4.67 billion last Saturday. The outcome was almost guaranteed after 60 buyers registered their interest for every available flat.

Chiu said they are planning to launch The Southside phase three project in Wong Chuk Hang in the second half of the year, but added they will also consider the market sentiment.

(South China Morning Post)

Fuji租觀塘 The Millennity 三層 呎租28

全新甲廈在租務市場上成焦點，消息指，觀塘 The Millennity 3層樓面合共4.5萬平方呎，獲日資企業Fuji Film承租。

市場消息稱，The Millennity 錄得大手租務，涉及物業1座27至29樓，合共3層樓面，合共約4.5萬平方呎，以每呎約28元租出。

據悉，新租客為日資企業Fuji Film，該品牌主要業務包括為各行各業提供資訊及通訊科技文件管理顧問服務，包括集影印、打印、傳真和掃描功能於一身的多功能設備、生產型打印系統、文件管理及工作流程軟件、以至企業印刷託管服務等。據了解，該集團目前租用太古灣道12號 (前稱太古城中心四座)商廈，是次新租 The Millennity 3層料作搬遷，既可節省租金開支，亦提升辦公室級數。

觀塘巧明街 The Millennity 今年落成，並錄不少租務成交，包括金融科技公司Doo Group、本地設計公司等承租。

印刷公司呎租23 租創紀之城1期

另消息指，觀塘創紀之城1期中層單位，面積約1.2萬平方呎，以每呎約23元租出。據悉，新租客為一家印刷公司，原租用九龍灣展貿中心，因應物業將拆卸重建，現搬至同區創紀之城。事實上，近一年不少九龍灣展貿中心商戶，紛於同區搬遷，如早前觀塘創紀之城1期 3萬平方呎樓面，獲政府機構租用，涉及部門為選舉事務處。

另港島甲廈租務方面，消息稱信德中心招商局大廈中高層01室，面積約1,638平方呎，以每呎約55元租出，至於金鐘力寶中心二座低層02室，面積約1,253平方呎，成交呎租約45元。

(經濟日報)

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中環盈置大廈獲財團逾60億洽購

經過疫市多年來打擊，商廈市況近20年來最差，空置率創新高，際此淡市之際，核心商業區中環卻出現罕見大手洽購及洽租，本報獲悉，中環盈置大廈全幢商廈，獲財團出價逾60億洽購，平均每呎洽購價約2.3萬。

越南財團先後沽港物業

近期中環地標甲廈成為焦點，繼置地旗下交易廣場三座獲金融機構等合組財團，出價逾100億洽購，區內盈置大廈全幢亦成為實力準買家的目標，消息人士透露，盈置大廈曾是恒生大廈前總部的，總樓面逾26萬方呎，規模適中，對於用家極具吸引力，出價逾60億洽購，有意趁淡市自置「心頭好」，以全幢樓面264622方呎計算，平均呎價約2.3萬，相比於2018至2019年間高峰期，區內甲廈呎價動輒逾5萬元，低逾50%。

知情人士指，盈置大廈業主為越南富商的朱立基，今年已先後沽售鰂魚涌住宅地盤 (4.3億) 及及北角酒店 (4.68億) 後，近期，發展及財團紛接獲旗艦全幢盈置大廈實盤，國際級代理行積極推介，指業主未設意向價，準買家自行出價，消息人士指，盈置大廈短期內將成為中環區矚目大交易。

盈置大廈前身恒生大廈，1962年落成，2006年由摩根士丹利以22.58億承接，徹底打造翻新大廈，朱立基於2009年9月以約36億購入盈置大廈。

長江集團中心二期獲工行大手洽租

中環區近年大交易為中環中心，75%業權於2017年11月以402億易手，區內對上1宗矚目的全幢商廈為干諾道中50號的中國農業銀行大廈，於2012年以48.8億易手。

另一方面，中環長江集團中心二期多層寫字樓樓面，涉約20萬方呎，加上大廈一個約6000方呎地舖，獲中國工商銀行大手洽租，料作集團分行用途，是次租務正待集團總部批核，才能落實。本報就上述消息向負責該廈租賃的和記地產查詢，惟直至截稿時未獲回覆。

中國工商銀行現時承租同區花園道3號中國工商銀行大廈多層樓面，作為香港區大本營，該廈亦以此銀行冠名，若然成功租用長江集團中心二期，將於同區作升級搬遷。

長江集團中心二期將於今年落成的，樓高41層，總樓面約55萬方呎，今年以來錄2宗預租，包括專門投資醫療及高端生物科技的滙橋資本，承租該廈半層樓面，建築面積約5260方呎，以及內地聯合能源集團承租該廈高層半層樓面，業界料呎租均為約120元。

(星島日報)

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沙田京瑞廣場舖1.31億獲洽 料租金回報2.7厘

由億京持有的沙田安群街3號京瑞廣場一期地下G29號舖，建築面積約3767方呎，租客沙田友冰室，月租約30萬，以1.31億獲洽，若以洽購價計算，平均呎價3.48萬，料回報約2.74厘。昨日亦有消息指，該地舖已沽售，惟有關消息尚未獲證實。

平均呎價3.48萬

京瑞廣場位處民生旺段，不但吸引區內客，亦吸引新界東不少居民到此消費，該地段舖位於過去多年淡市時，經常見有買賣。

西灣河舖意向價3600萬

有代理表示，西灣河筲箕灣道180至184號地下獨立入口連1樓全層，建築面積約3290方呎，由一間韓國名牌食店以每月約13.5萬承租，最新連租約叫價約3600萬，料回報率可高達4.5厘。

(星島日報)

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