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19 tenders for Ap Lei Chau residential site

The tender for a medium-sized residential site, Ap Lei Chau inland lot No 137 at Ap Lei Chau Praya Road, which ended today, has received a total of 19 tenders.

CK Asset (1113), Sino Land (0083), New World Development (0017), Lai Sun Development (0488) and K&K Property, China Overseas Land and Investment (0688), K Wah International (0173), Kerry Properties (00683), Yai Cheung (0088), Grand Ming (1271), Chevalier International (0025), Kaisa (1638) and seven consortiums have tendered for the site.

This is the first site to be tendered in over three years in the district. The project has to be completed before March 2025. The market has valued to site at between HK$770 million and HK$1.41 billion.

Surveyors have valued the site at HK$1.06 billion, or HK$12,000 per square foot.

 (The Standard)

 

Hong Kong’s Urban Renewal Authority to build more than 3,000 flats at redeveloped Kowloon City site

Hong Kong’s Urban Renewal Authority (URA) on Friday took the wraps off its biggest-ever project, a plan they say will turn housing blocks once allocated for civil servants into more than 3,000 residential flats, a fivefold increase from the site’s current number.

The two pilot projects in Kowloon City, first proposed by Chief Executive Carrie Lam Cheng Yuet-ngor in 2018, are expected to entail more than HK$10 billion (US$1.29 billion) in acquisition costs as the authority goes about the process of negotiating with existing residents.

URA director of planning and design Wilfred Au Chun-ho said the site was chosen due to the age of the housing blocks as well as their low density, which has not fully maximised the available space.

Other advantages included the buildings’ location near existing public housing estates, lack of competing acquisition actions by private developers, and relatively large size.

“The redevelopment will generate about five times the number of existing flats, from about 600 to 3,000, boosting housing supply,” Au said.

That number will easily outdistance the ongoing Kwun Tong town centre redevelopment, which will produce about 2,300 units.

The two Kowloon City sites, which currently host an estimated 610 households, are located on Shing Tak Street and Ma Tau Chung Road, as well as Kau Pui Lung Road and Chi Kiang Street. The first has a total area of about 5,160 square meters and is expected to yield about 640 residential flats by 2029.

The second, much larger site – near the future To Kwa Wan MTR station – boasts an area of about 16,470 square meters, and will encompass 2,500 flats by 2030-2031. An unknown number of units, to occupy about a third of the area, will be reserved for public housing.

Au said the area’s revamp will also create a “better pedestrian environment and more liveable community” through replanning and landscaping. Wider pavements, an underground shopping street connected to the future MTR station and an underground car park providing some 400 parking spaces will be among the improvements.

The existing flats were built under the Civil Servants’ Co-operative Building Society Scheme, which was in operation between 1952 and the mid-1980s. The government granted land to those who formed co-operatives – usually at a third of market value – to build their homes.

The owners, however, cannot sell their properties unless at least 75 per cent of members agree to dissolve the society. An owner wishing to sell also needs to pay the government a land premium – defined as the difference in the value of the property before and after redevelopment.

Currently, many of the flats are run down and vacant. Most do not have lifts and some are occupied by ageing retired civil servants. But redevelopment plans with private developers in the past have stalled due to disagreements over the land premium.

Of the 238 civil servants’ co-operative building societies in Hong Kong, 191 have been dissolved but only 12 have been redeveloped.

The URA will facilitate the legal process of dissolving the cooperative societies and the property acquisition by providing free legal consultation services to the flat owners.

Affected owners living at the site will have the option of purchasing subsidised flats via the Hong Kong Housing Society or other flats provided by the URA.

Lawmaker Tony Tse Wai-chuen, who represents the architectural, surveying, planning and landscape sector, said the plan was long overdue, as the old civil servants’ homes represented a huge reservoir of housing resources the city could tap into.

“It should not take nine to 10 years to complete the reconstruction. The URA should speed up the process to relieve Hong Kong’s housing crunch,” he said.

Leung Tak-yee, a retired civil servant affected by the development, said she welcomed the plan as her property that was built in the 1960s suffered from many structural problems, including roof that leaked when it rained.

The 72-year-old, who bought the flat in 1992 and lives there with three family members, demanded more clarity from the government.

“I want to know how much I need to pay back to the government in terms of land premium, because my compensation may be worth a lot less and not enough for me to buy other homes,” she said.

 (South China Morning Post)

 

Mid-Levels flats as low as $4.8m hit market

Emperor International (0163) has launched the first batch of 30 units at Central 8 in Mid-Levels, at an average price of HK$29,820 per square foot. A 181-sq-ft foot unit only costs HK$4.88 million.

The prices of all 30 units are below HK$10 million. The cheapest 181-sq-ft flat is a studio unit on the fifth floor, with a per sq ft price of HK$27,006 after discounts. The average per sq ft price of this project is 0.6 percent lower than that of The Richmond's first batch.

Sun Hung Kai Properties (0016) has received around 10,000 purchase offers for Wetland Seasons Park Phase 2 in Tin Shui Wai, the highest so far among new projects this year. The project will launch sales for 200 units tomorrow meaing the batch was 49 times oversubscribed.

Altissimo in Ma On Shan, jointly developed by Country Garden (2007) and Wang On Properties (1243), will launch 115 leftover units on Sunday, with 66 of them offered by tender until August 19.

In the secondary market, a three-bedroom unit in The Belcher's was sold for HK$37.5 million or HK$32,780 per sq ft.

The Pacifica in Cheung Sha Wan has recorded eight transactions so far this month, with a 501-sq-ft flat selling for HK$8.88 million, or HK$17,725 per sq ft.

In the commercial market, a 470-sq-ft unit at a building on Sharp Street in Causeway Bay changed hands for HK$28.8 million or HK$61,227 per sq ft.

Hysan Development (0014) meanwhile is offering nine refurbished units at Bizhouse in Pak Sha Road as home offices, with a monthly rent of HK$19,000 to HK$40,000 while a 19,180-sq-ft office at Convention Plaza Office Tower is only asking for a monthly rent of HK$50 per sq ft.

In other news, the one-month Hong Kong Interbank Offered Rate, rallied for the second day, up 3.04 basis points to 0.62827 percent.

 (The Standard)

 

旺角舖2250萬售 56年升211

舖位月租6.2 享回報約3.3

疫情影響商舖價值,老牌業主近期沽貨。旺角新填地街舖位以約2,250萬成交,原業主持貨56年轉手,舖位升值211倍。

消息指,旺角新填地街316320號永福大樓地下B號舖及閣樓,以約2,250萬元易手。物業總面積約1,150平方呎,呎價近2萬元。據悉,舖位月租約6.2萬元,新買家享回報率約3.3厘。

新填地街地下連閣樓 呎價2

據悉,原業主於1964年以10.6萬元購入,早前以約3,000萬元放售,現今減價約25%沽貨,持貨56年升值211倍。

近月本港零售受疫情影響,商舖租售人均向下,而個別持舖老牌業主見物業已累積極大升幅,故願意沽貨套現。如同區旺角彌敦道644號地下,面積約1,200平方呎,以約8,500萬元成交,原業主於1964年,以70萬購入,持貨56年轉手,獲利約8,430萬元,升值120倍。另灣仔百年老店楊春雷特效涼茶舖,早前以5,000萬成交,舖位48年升值277倍。

另商廈租金亦向下,代理表示,灣仔會展廣場辦公大樓中層全層,面積約19,180平方呎,意向呎租約50餘元。代理稱,單位享有海景景觀,提供基本天花、地台及牆身裝修,單位於去年4月叫租每平方呎約80元,至近月市況欠佳,最新叫價已大幅下調逾三成。

 (經濟日報)

 

投資氣氛略轉好 工廈拆售趁勢推

本港疫情受控,而樓市氣氛轉好,業主趁機即推工廈拆售項目,入場銀碼較細,料吸引投資者。

近日市場上出現數個工廈拆售項目,代理表示,由THE BLOCK GROUP持有,位於葵涌永業街1420號華榮工業大廈7B室的工廈工作室項目THe BLocK近日重推單位放售。並錄得一宗買賣成交,該單位為B01室,面積約293平方呎,以逾142萬元售出,平均呎價約4,850元。

葵涌THe BLocK 95萬入場

THe BLocK共提供11個單位,面積約226431平方呎不等;項目已沽出2伙,餘下9間工作室待售,售價約95萬元至213萬元。

代理指,9伙中有7個單位將連租約放售,租金回報約4厘;另有兩個以交吉形式推售的工作室。代理補充,項目每個工作室都備有獨立冷氣系統及電子密碼鎖,大堂亦設有智能化門鎖系統及24小時CCTV監察。

另外,理想集團的工廈工作室項目觀塘The Icon,近日加推單位放售,發展商同時推出全新「至理想」付款優惠,買家只需付兩成首期,即享有物業兩年使用權,變相成交期長達兩年,吸引買家入市,短短兩星期內已售出10伙;項目現餘下約20個精選單位,入場費由約274萬元起,呎價低至約7,100餘元。

觀塘The Icon 呎價近萬元

成交方面,近日The Icon中高層05室,工作室面積約279平方呎,以約276.6萬元沽出,平均呎價約9,914元。代理稱,短短兩星期累售10個單位,當中約四成是因新付款優惠計劃吸引,決定由租轉買。發展商見市場反應熱烈,遂加推約20個工作室,單位面積約279740平方呎,入場費由約274萬餘元起,平均呎價約7,100餘元至10,000餘元。

同區有另一工廈拆售項目,另一代理表示,位於觀塘怡生工業中心A3樓的塘K ONE 2項目,尚餘約30伙,單位面積約74299平方呎不等,入場費由約66.5萬元起,連同置業優惠等計算在內,呎價約6,300元。是次推售單位呎價對比早前開售價,減幅由約15%28%不等。

由於本港疫情受控,樓市氣氛轉好,投資市場方面,業主趁市況轉好,即重推工廈拆售項目。據了解,因入場費較便宜,風險相對較低,在投資市場未全面回勇下,可吸引個別投資者入市。

 (經濟日報)

 

銅鑼灣劏場鋪350萬七年蝕讓40%

受市場淡風吹襲,劏場鋪位再錄蝕讓個案,銅鑼灣一個劏場鋪位,以350萬售出,平均呎價約5.7萬,原業主持貨7年,帳面虧蝕238萬,物業期間貶值40%

核心區商鋪再錄蝕讓個案,土地註冊處資料顯示,上址為銅鑼灣地帶1160號鋪位,於本月5日以350萬成交,買家以個人名義登記,該鋪位原業主於2013年以588萬購入,並以個人名義登記,為翁姓人士,持貨7年,帳面虧蝕238萬,物業期間貶值約四成。有代理指出,該鋪位面積約61方呎,平均呎價約57377元,儘管成交呎價不算低,但仍錄大幅蝕讓。

呎價57377

該商場位處銅鑼灣區內一綫街道怡和街,惟受社會運動於去年年中萌芽發酵,加上新冠肺炎於今年年初爆發,該地段首當其衝受影響。

資料顯示,該商場1樓單號鋪位,於去年7月以1800萬成交,原業主分別姓肖及姓孫,屬普通話拼音,於2013年以聯名形式購入,當年作價2622.5萬,持貨6年,帳面虧蝕822.5萬,物業貶值約31%

另一方面,商廈市場租賃仍然活躍,頻錄承租個案。市場消息指出,灣仔守時商業大廈低層B室,面積約1144方呎,以每呎29.5元租出,月租約33748元;佐敦四海大廈中層02A室,面積約605方呎,以每呎30元,月租約18150元;尖沙嘴富好中心低層單位,面積約1375方呎,以每呎26.9元租出,月租約36987元。

 (星島日報)

 

鴨脷洲地皮今截標財團出價趨保守

近期政府在疫情下接連推出地皮招標,其中鴨脷洲海旁道於今日截標。業界人士指,整體經濟轉差,前景未明,估值對比去年下跌15%,發展商在出價上轉趨保守,最新市場估值約11.8億至12.2億,每方呎樓面地價約1200013000元。

每呎估值1.21.3

因應項目位於豪宅地段,加上區內缺乏新供應,市場預期將備受財團爭奪。有測量師表示,由於是次地皮規模適中,總投資金額不高,加上港島區地皮較罕有,預計可以吸引中小型發展商入標,預計是次入標反應熱烈;由於地皮呈長條形,興建市場較受歡迎的中小單位的話,後未必所有單位都可享海景,發展商需在開則上要多花心思。最新市場估值約11.8億至12.2億,每方呎樓面地價約1200013000元。

較去年跌15%

測量師表示,在疫情下,目前經濟下行以及失業率上升等因素下,估計發展商在出價審慎及保守,最新估值比去年中下跌15%。由於該地皮屬中型豪宅項目,享海景,涉及投資額不大,同時發展商亦需補充土地儲備,料有吸引不少財團入標。料會興建中型單位為主,以吸引家庭客及換樓客。

該地盤位於鴨脷洲海旁道,地盤佔地約12150方呎,最高可建樓面約88282方呎。地皮呈長窄型,位置臨海,近海旁的一面可望向香港仔避風塘及深灣一帶,另一面則鄰近利東邨,生活配套完善。另外,賣地章程亦要求興建私家車及電單車車位,並要保養項目毗鄰的一幅斜坡。

 (星島日報)