China Evergrande's (3333) building
in Wan Chai was put for sale by tender until the end of next month and
might change hands at a price that is 28 percent lower than the HK$12.5
billion it paid for the property in 2015.
China Evergrande Centre
at 38 Gloucester Road, Wan Chai, was recently commissioned by the
receiver Alvarez & Marsal to a property consultancy to sell in a
tender.
The 27-story
building has a total area of about 345,423 square feet, with each floor
having 12,000 to 14,000 sq ft, and 55 parking spaces.
Documents
show the creditor is China CITIC Bank International, a subsidiary of
state-owned China CITIC Bank (0998), and the sale may have been
occasioned by a HK$7.6 billion mortgage that Evergrande took on its Hong
Kong headquarters.
It bought the building from Chinese Estates Holdings (0127) in 2015 for HK$12.5 billion.
In
October 2021, Yuexiu Property (0123) reportedly planned to buy it for
HK$10.5 billion, but the deal failed to go through over concerns that
Evergrande's unpaid liabilities could jeopardize it.
Evergrande,
in June, tried to auction it off and got a bid of HK$9 billion from CK
Asset Holdings (1113), 28 percent lower than its purchase price.
As
of August, the overall vacancy rate of grade-A offices was 9.6 percent,
up by 7.9 percentage points compared with September 2015, and that is
believed to have caused the valuation of Evergrande's flagship in Hong
Kong to plunge.
(The Standard)
For more information of Office for Lease at China Evergrande Centre please visit: Office for Lease at China Evergrande Centre
For more information of Grade A Office for Lease in Wan Chai please visit: Grade A Office for Lease in Wan Chai
HKMA easing rates bounce in property deals
Transactions
at 10 major housing estates rebounded after the Hong Kong Monetary
Authority's announcement of relaxed stress test requirements but that
came amid more price slashing.
A
property agency recorded 10 at 10 major housing estates at the weekend,
up 11.1 percent, or one more deal, returning to the double-digit level.
It
said the HKMA easing and the quarantine policy relaxation will ease
pressure brought on by interest rate hikes on buyers and stimulate
property market transactions.
Another agency saw nine deals at the 10 estates, which was also one more than the eight that it saw a week ago.
Prices
of some secondary-market flats saw significant drops, with a mid-level
unit in Shatin City One selling for HK$3.95 million after a discount of
about HK$550,000.
The asking price of a one-bedroom unit in Lohas Park fell from HK$6.68 million to HK$6.4 million recently.
The
HKMA lowered its interest rate stress testing requirement for mortgage
lending by banks from 300 to 200 basis points on Friday. It said the
move was taken in response to changes in their risk management needs,
taking into account the interest rate environment and the trend of
mortgage rates, as well as past long-term averages, and is not related
to countercyclical macroprudential measures.
Sun Hung Kai Properties (0016) yesterday said it is adding 43 units to its third price list for Wetland Seasons Bay's
third phase after it sold out all 80 units in the first batch on
Thursday. Their average price is HK$14,745 per square foot without any
discount.
(The Standard)
Shop deals turnover hit by 45pc plunge
Transactions
of commercial properties came in at HK$1.59 billion last month, 45.1
percent less than July, amid no hints of when quarantine-free travel
will return and the reopening of the border with the mainland.
The transaction volume also fell 11 percent to 89, according to the data from a property agency and the Land Registry.
Though
the figures mainly reflect the market situation in July, the sluggish
demand is taking its toll on the commercial property sector.
To
remain competitive for global capital and talents, the SAR
administration late last week canceled the so-called "three-plus-four"
arrangement, made up of three days in a designated quarantine hotel and
four days of medical surveillance for new arrivals, to a
"zero-plus-three" system.
However, property agent said that the change might have only a limited effect in boosting the property market.
The
agent also expects tourism to fail to recover to prepandemic levels
despite the relaxed quarantine requirements, which may continue to stunt
commercial property transactions.
Hong Kong officials have said it is hard to come up with a roadmap for quarantine-free travel.
(The Standard)
灣仔中國恆大中心標售 市值逾80億低買價4成
近月出現財困的內房恒大 (03333)，其位於灣仔的總部中國恆大中心，近期被接管，現接管人推出物業標售，下月底截標，市場估值約80億至90億，較購入價低近4成。
接管人推全幢招標 下月底截標
灣仔全幢商廈罕有出售，有代理行表示，接管人 (安邁企業諮詢) 現正公開招標出售中國恆大中心全幢物業。現以現狀連租約出售，截標日期為2022年10月31日 (星期一) 正午12時。
早於今年中，恒大委託測量師行標售其總部大廈中國恆大中心，並於7月初截標。當時長實 (01113) 確認入標，最終項目未有售出，而本月初，物業遭債權人申請委任接管人接管。據文件顯示，債權人為中信銀行國際，據悉或與恒大此前抵押中國恆大中心，換取76億元貸款融資有關。
該行代理表示，物業為灣仔告士打道之上僅有5幢屬單一業權並具備總部規格的商廈之一，項目佔地約23,021平方呎，享三面單邊樓面。物業樓高27層，政府批則總面積約345,423平方呎，寫字樓層的每層面積介乎1.2萬至1.4萬平方呎，連同55個車位。
據悉，項目現時出租率近8成，包括恒大使用的多層。市值方面，因整體商廈空置率偏高，租售價已明顯回調，估計現時項目值約80億至90億元，較2015年恒大約125億元購入價，最多跌近4成。
去年8月，當時傳出中國恒大積極套現，擬出售灣仔中國恆大中心，市值料逾百億元，更傳出獲國企越秀地產以約100億元洽購，並洽談至最後階段。
惟去年10月，消息指越秀董事會最終否決有關建議，因憂慮恒大尚未解決的債務問題，最終退出收購。
(經濟日報)
更多中國恆大中心寫字樓出租樓盤資訊請參閱：中國恆大中心寫字樓出租
更多灣仔區甲級寫字樓出租樓盤資訊請參閱：灣仔區甲級寫字樓出租
尖東滙豐銀行舖9700萬沽
核心區錄大額舖位成交，消息指，尖東滙豐銀行舖位，以約9,700萬元成交，原業主持貨10年，獲利約4,700萬元。
市場人士指，尖東東海商業中心地下12至14號舖位易手，物業面積約2,951平方呎，以約9,700萬元成交，該舖由滙豐銀行以每月約30萬元租用。
投資者賣4舖 10年賺4700萬
據悉，原業主為舖位投資者，於2013年以9,500萬元購入東海商業中心地下4個舖位，而當時正值舖位投資商峰期，購入不久便以4,500萬元摸出其中一舖位，相隔10年後，現以9,700萬元再沽出餘下3舖位，合共套現約1.42億元。原業主持貨10年，分階段沽貨獲利約4,700萬元。據了解，該名投資者早前以6,300萬元，低價購入同區栢麗購物大道地下至1樓複式舖位。
另有代理行綜合土地註冊處資料顯示，8月份商舖註冊宗數錄89宗 (主要反映7月份市況)，按月下約跌11%；註冊金額約15.94億元，按月下跌約45.1%。
該行預期，政府宣布放寬入境措施可以為來港旅遊、投資和工作的人士提供更多便利。不過，由於放寬防疫措施至疫情前的狀況亦需要一定時間，相信商舖成交量未必會迅速反彈。
(經濟日報)
更多東海商業中心寫字樓出售樓盤資訊請參閱：東海商業中心寫字樓出售
更多尖沙咀區甲級寫字樓出售樓盤資訊請參閱：尖沙咀區甲級寫字樓出售
