HK (+852) 3990 0799

Gaw Capital’s auction of Hong Kong commercial tower has buyers interested


133 Wai Yip, which was acquired in 2013 for HK$930 million (US$119 million), could fetch as much as HK$1.45 billion, according to a surveyor’s estimates

A mixed-use commercial building in Kowloon’s Kwun Tong district is on the market, with the owners likely to get a 50 per cent return on investment made a decade ago, according to one estimate.

Hong Kong-based private equity firm Gaw Capital and its partners could get as much as HK$1.45 billion (US$186 million) for the former 13-storey industrial building with an area of 193,000 sq ft, according to a surveyor.

133 Wai Yip, which was acquired by Gaw Capital in 2013 for HK$930 million, is scheduled to be sold at an auction on September 4, according to a property agency, the designated auctioneer. The auction will be held in Quarry Bay.

“Kwun Tong, as an emerging commercial hub in Hong Kong, has become an attractive destination for local and international companies seeking convenient, well-connected, and affordable office spaces with considerable appreciation potential,” an agent said.

“Given its advantageous location, the property is well-positioned to attract quality tenants, making it a compelling investment opportunity for those seeking stable rental income through long-term investment.”

The 55-year-old building has a 76 per cent occupancy rate and is being rented at an average rate of HK$30 per square foot, according to the agency. The tenants include co-working operator Spaces, which occupies the top two floors, as well as the roof floor.

The property is attracting considerable interest from several parties, according to market sources.

The building, a two-minute walk from Ngau Tau Kok MTR station, could fetch between HK$7,000 and HK$7,500 per square foot, a surveyor estimated.

In January, Hong Kong Baptist Hospital bought a revitalised mixed-use building at 105 Wai Yip Street for HK$137 million, or HK$6,595 per sq ft, but the surveyor said 133 Wai Yip has seaviews, a better facade and is conveniently located.

“A higher price than what the other building fetched earlier this year is reasonable,” the surveyor said.

In Kwun Tong, considered one of Hong Kong’s top industrial zones, any building charging HK$22 per sq ft as rent can be considered as commanding a premium, given that many properties in the area only charge HK$18 per sq ft or lower, the surveyor added.

The building’s ground floor is designated for retail use, while the first and second floors are allocated to food and beverage operators. The third to 12th floors and the rooftop penthouse are meant for office use.

The property will be sold on a “as-is” basis and is subject to existing tenancies and or licences, if any, the agency said. The sale will include fixtures and fittings.

In the first half of the year, more than seven in 10 commercial property deals in the city were distressed assets, an exponential rise from the typical one in 10 transactions in previous years, according to data tracked by another property agency.

The trend is likely to persist with about half of commercial property sales tipped to be fire sales, it added.

(South China Morning Post)

For more information of Office for Lease at 133 Wai Yip Street please visit: Office for Lease at 133 Wai Yip Street

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

 

The Uppland to launch second round of sales on Saturday

The developer of The Uppland, the first phase of Gold Coast Bay in Tuen Mun, will roll out a second round of sales of 139 flats on Saturday, with the most affordable one priced at HK$2.23 million after discounts.

The flats up for sale include 87 studios, 20 one-bedroom, 27 two-bedroom, and five three-bedroom units, according to developer Early Light International yesterday.

They are being sold for HK$2.23 million to HK$7.76 million after discounts, or HK$8,768 to HK$14,051 per square foot. The average unit price after discounts is HK$11,126 per sq ft.

Last Saturday, 188 flats at the same development sold out in the first round, generating more than HK$597 million for Early Light.

Situated in the Castle Peak Road-Castle Peak Bay area, Gold Coast Bay is the first local residential project of Early Light International founded by "King of Toys" Francis Choi Chee-ming, supplying 1,323 flats in total. Its first phase, The Uppland, offers 692 flats.

In the luxury property sector, No 15 Shouson on The Peak saw House No 3 being sold for HK$717 million on Monday, or HK$74,000 per sq ft, marking the highest price in the primary market on Hong Kong Island so far this year.

The 9,694-sq-ft property consists of three storys, along with a garden, swimming pool and rooftop. Six houses of the project, which is jointly developed by Emperor International (0163), C C Land (1224), Mingfa Group (International) (0846) and CSI Properties (0497), has been sold so far, raking in more than HK$3.1 billion in total.

Transactions in Hong Kong's luxury residential market have picked up after prices have declined since 2021.

Earlier this month, four mansions on 46 Plantation Road were sold for HK$1.1 billion.

(The Standard)

 

上環億利商業大廈意向呎租26元

上環區內商廈林立,聚集大小企業,有代理表示,上環干諾道西3號億利商業大廈低層,建築面積約3125方呎,意向價約4063萬,平均每呎約1.3萬,意向月租約81250元,平均每呎約26元。

每呎1.3萬放售

該代理表示,該單位望維港景,設寫字樓裝修連傢俬,以交吉交易,省卻裝修費用,該廈樓高26層,1至4樓為停車場,設4部載客升降機及1部載貨升降機,方便用戶上落。該廈屬罕有放售盤源,對上一宗為今年1月以1500萬錄得,為中層1室,建築面積1126方呎,平均每呎13321元。該代理續指,該廈鄰近信德中心中遠大廈等名廈,步行約4分鐘可到達港鐵上環站。

(星島日報)

更多億利商業大廈出租樓盤資訊請參閱:億利商業大廈出租

更多信德中心寫字樓出租樓盤資訊請參閱:信德中心寫字樓出租

更多中遠大廈寫字樓出租樓盤資訊請參閱:中遠大廈寫字樓出租

更多上環區甲級寫字樓出租樓盤資訊請參閱:上環區甲級寫字樓出租

 

壽臣山15號獨立屋逾7.1億沽 創今年以來港島區新盤造價紀錄

本港超級豪宅新盤有價有市,近日連環錄成交,由英皇牽頭發展位於港島南區超級豪宅項目壽臣山15號,以招標方式售出3號洋房,面積達9694方呎,以逾7.17億成交,造價創今年以來港島區一手新高紀錄,呎價高達7.4萬。

上述3號洋房,面積9694方呎,屬6房6套連健身室間隔,另連3085方呎花園,更設有私人泳池,以及面積約456方呎停車位、2559方呎天台,值得一提的是大宅配備私人升降機。

每呎造價7.4

據成交紀錄冊顯示,該洋房以7.17356億成交,造價撇除內部轉讓個案創項目次高紀錄之餘,更寫下今年以來港島區新盤最高成交價紀錄,呎價高達7.4萬;而買家採35天現金付款計劃。

資料顯示,今年以來港島區新盤最貴紀錄為6億,今年1月由山頂MOUNT NICHOLSON 3期一個分層戶創下,意味有關紀錄保持約7個月即被前述樓王取代,並將售價舊紀錄推高1.17356億或約19.6%。

事實上,該盤今年以來已連錄成交、連同上述個案共售出4幢洋房,合共套現逾17.95億;而項目開售至今若撇除內部轉讓個案計,累售6幢洋房,合共套現逾31億。

66套連健身室間隔

壽臣山15號超級豪宅,設有15幢低密度獨立洋房,面積由3727至12073方呎,屬4房4套至6房6套間隔,屬全港極少供應萬方呎豪宅洋房項目。

每幢洋房設私人花園、私人車位以及內置升降機;其中13幢獨立洋房更擁有私人游泳池,盡顯超級豪宅氣派。

(星島日報)

 

北角城中心商舖 叫價3.5億蝕放

投資者放售北角城中心商舖,叫價3.5億元,較15年前購入價更低。

地下1樓部分 100%租出

有外資代理行代理表示,有業主放售北角英皇道250號北角城中心部分地下及部分1樓。該代理指,北角城中心位於英皇道,樓高23層,地下至3樓為零售用途,4樓以上為寫字樓單位。是次出售物業為部分地下及部分1樓,總面積逾40,800平方呎;地下面積約20,722平方呎,1樓面積為20,124平方呎,現時出租率達100%。

呎價8578租金回報5

現時地下租客均為知名商戶:萬寧、大家樂、花旗銀行等,每個舖位均設有獨立入口;而1樓商舖亦包括多元化商戶,如:中西醫診所、理髮店、香港大學專業進修學院等,場內設有扶手電梯及升降機連接寫字樓層。業主意向價為3.5億元,回報率達5厘,呎價約8,578元。

翻查資料,舖位由錦華實業集團老闆楊奮彬持有,他於2009年,以3.55億元購入,一直持有至今。現時按最新叫價3.5億元計,已低於15年前購入價。他過往亦多番投資北角舖位,如2009年,亦以1.14億元,購入北角英皇道165至175號公主大廈地下1、2、4至13號地舖及1樓全層,去年以2.13億元把物業沽予盛滙商舖李根興,獲利近億元。

(經濟日報)

 

粉嶺安樂村 打造物流數據大本營

為配合北部都會區發展,政府推動粉嶺安樂村工業區轉型,區內有不少新式工廈、數據中心及物流發展,其中其士集團投得的工業地擬建12層高工廈,涉及約15.2萬平方呎樓面。

工業地轉商貿創科用途

粉嶺安樂村工業區涉及範圍達351萬平方呎,擁有多年歷史,而成為工業區則自上世紀60年代開始,其中1978年政府制定安樂村工業區的發展方案,打造成為輕工業區,隨着後來工業北移,不少區內工廠轉型成貨倉用途。

政府在北部都會區計劃之中,便提出將粉嶺安樂村工業區由「工業」用途,改劃為「其他指定 (商貿及創科)」,以推動創新科技及新興產業進駐,近年則有不少新式工廈、數據中心及物流發展。

安居街地 料建工廈及停車場

當中其士國際在2022年年初斥近3億元,投得安居街工業用地。該幅用地佔地約1.8萬平方呎,容許作工業、倉庫及附屬辦公室等用途,雖然可建樓面上限為8.8萬平方呎,不過發展商須負責興建一個公眾停車場不計算在樓面面積上限內。按照屋宇署資料顯示,項目在今年4月份獲批建築圖則,可興建1幢12層高工廈另設一層地庫,總樓面約15.2萬平方呎,包括有關公眾停車場。

至於同區由億京發展的安全街18號海迅中心,則在2021年3月開始拆售,對上一宗成交為去年3月,高層單位以約1,168萬元售出,平均呎價約5,785元。

另,區內亦有不少數據中心發展,包括佳明在2020年分別以合共近3.6億元購入的安居街3號及安全街8號,發展商在去年中完成補地價,將會發展數據中心。

當中安全街8號項目補地價金額約2.48億元,每平方呎樓面補地價約2,586元。項目於今年2月已獲屋宇署批出建築圖則,獲批建1幢9層高數據中心,涉及總樓面約9.6萬平方呎,最快於2025年落成;而安居街3號項目補地價金額則約2.19億元,每平方呎樓面補地價約2,453元,以項目地盤面積約1.79萬平方呎,可建總樓面約9萬平方呎。

同區,新加坡豐樹產業於3年前以約8.1億元投得的安樂門街工業地,每平方呎樓面地價約3,750元,佔地約4.3萬平方呎,最高可建樓面面積約21.7萬平方呎,預計2025年落成,並出租予終端用戶或數據中心營運商。

(經濟日報)