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Hong Kong’s largest developers, and richest families, pile into blockbuster seafront land sale in nod to city’s outlook


Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Wheelock’s Wharf unit, Sino Land and the Great Eagle Group are bidding for Site 3 at Connaught Place.

The land measuring 516,316 square feet, which can yield 1.61 million square feet of gross floor area, is valued at between HK$37 billion and up to HK$55 billion.

Half a dozen real estate developers owned by Hong Kong’s wealthiest families have thrown their hats into the ring to bid for the largest plot of harbourfront commercial land in Central, in a test of the property market that offers a peek into the city’s future standing as an Asian financial hub.

Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market value, controlled by the Kwok family, confirmed that it submitted a bid for Site 3 at Connaught Place in Central, a 516,316 square feet (47,970 square metres) plot that includes the 1976 General Post Office. The land parcel, which can yield 1.61 million square feet of gross floor area, has been valued at between HK$37 billion and up to HK$55 billion (US$7.1 billion), topping the scales as the most expensive plot in a city used to setting price records.

“Most of the big developers are taking part in the tender process, which shows their long term confidence in Hong Kong’s economic outlook,” property agent said, who had expected between three to five bids. Total development cost could top HK$65 billion inclusive of the land cost, the agent said.

Hong Kong’s economy grew at a larger-than-expected pace of 7.9 per cent in the first three months, the fastest quarterly pace in 11 years compared with a low base last year, as the city claws its way out of its worst recession on record. Two years of economic slump - the coronavirus pandemic in 2020 after the street protests of 2019 - are casting doubt on the city’s viability as a financial centre, as increased emigration and sporadic rumours of capital flight - dispelled by local authorities - weigh on the city’s future.

CK Asset Holdings, one of the two flagship companies owned by Hong Kong’s richest tycoon Li Ka-shing, submitted a bid. Henderson Land Development

, founded by the second-richest tycoon Lee Shau-kee is also taking part. Wharf Real Estate Investment Company, a unit of the Woo family’s Wheelock and Company Limited, said it submitted a bid in a consortium with the city’s subway operator MTR Corporation and ChinaChem Group.Sino Land, controlled by the family of Robert Ng Chee Siong, submitted a joint bid with Great Eagle Holdings of the Lo family, as well as the Chinese state-owned enterprise China Merchants Group.

Hongkong Land, the largest commercial landlord in Central and a unit of the conglomerate Jardine Matheson, declined to say if it submitted a bid.

The sale of the land by the Hong Kong government is also a crucial test of the so-called two envelope approach, which awards the winning bid on the merit of designs, planning and their congruence with the surrounding environment, in addition to beating the minimum reserve price.

The approach gives well-planned bids a chance of winning, breaking the upwards spiral of prices that have kept Hong Kong as the world’s most expensive urban centre to live and work in.

“The system is likely to influence the result of the tender, as some bidders have invested significantly to come up with outstanding designs that include innovative ideas and technical [content],” surveyor said.

Site 3 at Connaught Place is valued between HK$22,980 and HK$34,000 per square foot. On a square-footage basis, Henderson’s 2017 purchase of the Murray Road car park for HK$23.28 billion translated to a record HK$50,064 per square foot.

Hong Kong’s Lands Department will announce the winning bid on, or before November 12, according to a spokesperson, adding that six bids were received.

Sun Hung Kai, capitalised at HK$346 billion, is the record holder of the most expensive plot of land ever sold in Hong Kong. The developer paid HK$42.23 billion, or HK$13,345 per square foot in November 2919 for a parcel of land earmarked for office-retail use on top of the West Kowloon high-speed railway terminus on Austin Road.

Five months after winning the bid, Sun Hung Kai and controlling shareholder Kwok family, sold 30 per cent of the office component of the project for HK$11.27 billion to China’s largest insurer Ping An Insurance Group, keeping all of the retail portion. SHKP owns half the offices, Ping An owns 30 per cent while the Kwok Family Companies own the remaining 20 per cent.

(South China Morning Post)

 

中環地王截標掀爭奪戰料四至五財團入標邀國際建築師操刀

市場焦點中環新海濱商業地王於今日截標,無論發展規模以及所需資金龐大,料入標財團以大型發展商為主。恒基、會德豐地產均表明會競投,同時,市場人士亦預期,新地、長實,以及作為中區大地主的置地亦會加入爭逐;由於地皮採「雙信封」形式,除著重出價外,亦要評定其設計方案,據悉,有打算入標的大型財團,已邀請世界知名建築商為項目設計。知情人士透露,料項目收4至5份標書。

地產界人士認為,雖然過去2年,本港受政治、經濟以及疫情等因素影響,商業地皮價值大受打擊,其中啟德商業地更曾流標收場,然而,考慮中環區內近年商業地皮的地價,以及上月銅鑼灣商業地王以天價成交,相信今日截標的中環商業地王,將吸引大型發展商入標競投。

採「雙信封」式招標

其中,曾以地價逾232億、樓面呎價約5萬奪得中環美利道商業地的恒基,其發言人稱,將會入標競投。

會德豐地產主席梁志堅稱,今日亦會入標競投,期望可成功奪地,但是否會再創地價新高,則認為各財團在出價上會各自計數。至於華懋執行董事兼行政總裁蔡宏興稱,是次入標不作評論,但由於地皮底下有港鐵及隧道等,在建築上較為複雜,將直接推高建築成本。

恒基會德豐出擊

市場人士認為,大型發展商新地及長實,相信亦會入標競投,而作為中環大地主的置地,相信亦會入標;此外,以19年批出的西九龍高鐵站商業地王為例,當時地價逾422億,樓面呎價約1.3萬,由於涉及資金龐大,當日只接獲3份標書,包括最終中標的新地,其餘則為長實,而信和夥拍恒基、九倉、華置及利福國際合組財團入標。

市場料長實新地置地將角逐

此外,由於地皮採「雙信封」形式,除着重出價外,亦要評定其設計方案,兩者比重各佔50%,故此就算標價最高,惟設計未能配合整體規劃,都未必可成功投得,發展商為其一擊即中,已搜羅全世界出名的建築師為地皮作設計,部分更「爭崩頭」互搶著名的建築師行,亦有發展商更邀請多達一家建築商以上,希望取得最佳方案,以圖脫穎而出。

同時亦有大型財團,已邀請世界知名建築商作項目經理,務求在建築及設計上,可配合周遭整體規劃,以及成為地標式項目。

有測量師指出,早前銅鑼灣加路連山道商業地以高於市場預期上限批出,對市場具正面作用,料中環海濱商業地王可截收約3至5份標書,以大型發展商作主導,並料部分發展商以合組財團入標。

(星島日報)

 

九龍站422億批出

近年市場推出多幅商業地王,並連錄天價成交,當中以新地於2019年、豪擲逾422億奪得西九龍高鐵站上蓋商業地最矚目,另外,希慎於上月亦夥拍華懋以197億奪得銅鑼灣加路連山道商業地,每方呎地價約1.83萬,高於市場估值上限逾一成。

每呎樓面地價1.33

新地於2019年11月以逾422億投得高鐵站上蓋商業地王,創政府地皮成交價紀錄,樓面呎價約13345元,另外,於上月截標的銅鑼灣加路連山道商業地王,由「銅鑼灣大地主」希慎夥拍華懋豪擲逾197億、力壓其餘5家財團得手,樓面呎價約18374元,較次標高近五成。另外,早前於市場批出的天價地王,包括恒基於2017年以逾238奪得中環美利道商業地,每方呎地價高見5萬,較區內甲廈現樓售價更高,反映發展商不惜以高價爭奪市區罕有地王。

(星島日報)

 

核心區個別甲廈減價盤 承接力理想

近日中環甲廈成交略增,特別有業主減價拆售單位,即在極短時間沽清,反映市況有改善,甲廈樓價可望企穩。

據代理10大商廈統計顯示,上月10大指標商廈錄6宗成交,整體交投量仍低。中環指標甲廈皇后大道中九號錄得買賣,涉及高層05室,面積約2,800平方呎,以約1.26億元成交,呎價約4.5萬元,造價頗理想。

尖東新文華中心單位 6180萬沽

九龍區方面,尖東新文華中心A座3樓1、2、3室,面積約6,500平方呎,以6,180萬元易手,呎價約9,508元,新買家公司董事包括林佑碧、林佑珊及蘇園園,為任天堂遊戲機Switch等遊戲代理商。原業主於08年以4,245.75萬元購入該批單位,持貨13年,帳面賺1,934.25萬元

中環中心拆售 5單位涉3.3

除了10大商廈外,近期甲廈成交焦點,盡在中環中心上,「磁帶大王」陳秉志推出中環中心39樓最後5伙,當中包括01、07、11、12及13室,面積由1,995至2,769平方呎,如3901室,面積約2,726平方呎,以約8,924萬元成交,呎價約3.3萬元。據悉,該批單位由陳秉志持有,早年分拆出售,尚餘5單位,近日再度推出。為配合銷售,業主提供優惠,每個單位回贈1,000萬元,變相減價逾1成。由於價格相對吸引,業主推出僅兩天,5單位均獲承接,業主套現約3.3億元。

代理分析,近期本港疫情緩和,整體投資氣氛轉佳,而甲廈業主普遍實力較強,少有減價,故整體成交量未反彈。他指,從近期中環中心單位略為減價,即在一日內售出5伙,反映市場投資氣氛甚佳,買家見價格有回調即入市,可見資金仍多。租務方面,該代理指近期租務相對穩定,而租金漸平穩,如金鐘力寶中心,呎租約45至50元,近期明顯見跌幅緩和。

後市上,代理認為目前投資氣氛明顯勝去年,惟大部分甲廈業主減價幅度不高,準買家仍未追價,故相信短時間內交投量仍偏低,而價格方面,隨着氣氛轉好,甲廈價格可望企穩。

(經濟日報)

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中環甲廈空置率 5月錄約7.35%

有代理行資料顯示,5月份中環區甲級商廈空置率錄得約7.35%,比4月輕微上升0.15個百分點;而中環區商廈空置率自今年1月起走勢趨穩,連續第7個月維持於7%水平。

該代理行指,中環區商廈需求穩定,加上部分商廈租務安排更見靈活,業主提供較長免租期及裝修優惠,吸引不少企業進駐及續租,減低「去中環化」影響,支撑中環區商廈空置率及租金走勢趨穩定。

(經濟日報)

 

馬亞木1.21億沽旺角車場16年升值2.5倍

近期投資市場買賣升溫,有投資老手亦趁勢沽貨,「小巴大王」馬亞木沽售旺角奶路臣街停車場,作價1.218億,新買家料回報2.5厘,物業於逾16年升值逾2.5倍。

土地註冊處資料顯示,旺角奶路臣街33至37號依利大廈3至6樓,合共4層停車場,於上月25日以1.218億成交,原業主YAN YAN MOTORS LTD,董事包括馬亞木及馬僑生等人,YAN YAN在2004年10月以3450萬購入車場,持貨逾16年,帳面獲利8730萬,物業升值逾2.5倍。據悉,該車場月租約25萬,新買家料回報2.5厘。新買家為Rich China Ltd,公司註冊處顯示,該公司董事蔡姓人士,報住廣州番禺區,料為內地客。

買家料內地客 回報2.5

馬亞木兒子馬僑生接受本報查詢表示,集團持有該車場一段相當長時間,早前獲買家洽購,出價合理,集團見獲利不俗,故選擇沽貨止賺。

馬亞木對上一宗買賣為去年5月,沽售美孚新邨一個鋪位,作價約1.4億,涉及美孚新邨萬事達廣場地下N52號鋪,面積約2800方呎,平均呎價約5萬,租客華僑永亨銀行,月租約40萬,料回報約3.4厘。馬亞木於1999年6月夥拍投資者郭木材及家族成員,合作購入該鋪位,作價3000萬,持貨約20年帳面獲利約1.1億,物業升值約3.6倍。

馬僑生:沽貨止賺獲利不俗

同年5月,他亦沽售北角鋪位,糖水道16號益漢洋樓地下F鋪,以3100萬元沽出,建築面積約1700方呎,呎價約1.82萬,租客麵包店,月租約8.5萬,回報約3.3厘。

市場消息透露,荃灣川龍街99號鋪及入則閣,以7400萬易手,建築面積約1000方呎,入則閣600方呎, 平均呎價7.4萬 (未設入則閣),現址位處大單邊,租客為雜貨及菜檔等,月租14萬,新買家料回報2.3厘。原業主於1967年以13.3萬買入,持貨54年,帳面獲利7386.7萬,物業升值555倍。

近期,荃灣區內矚目成交為卓悅控股沽售新界荃灣大河道10至16號及20號,位處登發街交界單邊鋪,建築面積約1170方呎,以1.15億易手,卓悅售後租回,為期兩年,月租27萬。

(星島日報)

 

寶聲5800萬購舖 平878萬統一業權

根據土地註冊處資料,九龍城獅子石道75號地舖連閣樓,面積1,800平方呎,連1,400平方呎閣樓,以5,800萬元成交。而翻查法庭判案書資料,寶聲曾申請強拍,而是次購入的地舖單位,佔整幢物業估值約29.9%,意味若寶聲在去年以強拍方式統一業權方式購入地舖,便需要支付拍賣成交價2.23億元的29.9%、即約6,679萬元。比起要以強拍方式須花費的6,679萬元購入業權,是次寶聲收購成功節省約878萬元的開支。

(經濟日報)