Land sales turnover came in at
HK$9.5 billion from April to September, 70 percent less than one year
ago, according to calculations based on tender results published by the
Lands Department.
Some market watchers expect the
Development Bureau to put more sites with higher prices up for sale to
increase turnover numbers for the rest of the year.
Such sites, to be announced soon,
may include residential ones in Stanley and Kai Tak, and these projects,
along with phase one of the MTR Corp (0066)'s project atop Siu Ho Wan
depot on Lantau, will provide 5,040 units.
The market valuation for the
Stanley site on Cape Road ranges from HK$14.37 billion to HK$20.6
billion, or HK$30,000 to HK$43,000 per square foot.
In the primary market, Henderson
Land Development's (0012) phase two of One Innovale in Fan Ling has
reportedly sold 235 of 253 units in its first round of sales yesterday.
A property agent said that new home
purchases slumped in volume to about 600 this month from 2,040 cases in
August, blaming interest rate hikes.
Potential buyers are adopting a wait-and-see attitude as Hong Kong has entered a rate hike cycle, the agent said.
Last week, major banks raised their best lending rate by 12.5 basis points, the first hike in four years.
The one-month Hong Kong interbank
offered rate, to which the mortgage rate is linked, fell to 2.60988
percent yesterday, ending a 12-day rise.
Meanwhile, Sun Hung Kai Properties
(0016) will launch a 30,000-square-foot outdoor garden "Play Garden" in
Tsuen Wan Plaza today in a move expected to drive up customer numbers
and sales by 10 and 15 percent.
The level-five garden was upgraded at a cost of over HK$20 million, and includes rest spaces and recreation facilities.
(The Standard)
Young Hongkongers snap up cheap flats in Northern Metropolis as relaxed mortgage, quarantine rules offset rising interest rates
With an average price of HK$14,623 per sq ft, One Innovale-Bellevue in Fanling is more affordable than Kowloon and Hong Kong Island
Many of the prospective buyers on Tuesday were in their 20s and early 30s, according to property agent
The scrapping of hotel quarantine requirements and a relaxation of mortgage rules boosted sales of affordable new homes in Hong Kong’s Northern Metropolis area, said analysts, as young buyers snapped up flats priced from HK$3.07 million (US$391,085) each.
Henderson Land Development’s One Innovale-Bellevue
in Fanling had sold 231, or 95 per cent, of 243 flats on offer as of
8.39pm on Tuesday, according to a spokesman for the developer. Another
four flats were sold by tender.
With
an average price per square foot of HK$14,623, it is one of the more
pricey developments in the immediate area, just 0.3 per cent shy of the
secondary market price of the Sheung Shui Centre, the most expensive. However, it remains much more affordable than Kowloon and Hong Kong Island.
Many of the prospective buyers on Tuesday were in their 20s and early 30s, according to a property agent.
“Benefiting from
the development potential of the Northern Metropolis area, the launch
continues to be sought after by the market, among which young people
born in the 1990s and 2000s are the main prospective buyers,” the agent
said.
Hong
Kong’s former Chief Executive Carrie Lam Cheng Yuet-ngor laid down the
blueprint for the Northern Metropolis in her 2021 policy address. The
scheme involves the development of an IT hub in the northern New
Territories near the border with mainland China, construction of up to
186,000 homes and a new cross-border railway linking the city to the
Qianhai economic zone in Shenzhen.
The entry price at One Innovale-Bellevue is HK$3.07 million for a flat of 221 square feet.
The
launch fetched 2,970 registrations of intent, which translates to 12
buyers for each flat. The flats on sale are worth HK$1.28 billion.
“Most buyers [in the market generally] are still taking a wait-and-see attitude. Transactions in the primary market are still dominated by flats with low prices,” the agent said.
The
Hong Kong Monetary Authority (HKMA) has lifted its base interest rate
five times this year to 3.5 per cent, a 14-year high, in lockstep with
the hawkish Federal Reserve hikes. Commercial banks including HSBC and
Bank of China (Hong Kong) raised their prime rates last week to a
four-year high, making it costlier to fund big-ticket purchases like
housing.
The HKMA on Friday asked banks to lower the threshold on interest-rate stress testing for mortgage lending.
The
government has ended mandatory hotel quarantine for overseas arrivals
after more than two years, marking the lifting of one of the world’s
toughest pandemic-control regimes.
“The
government recently relaxed the stress test from 300 basis points to
200 to offset the pressure of interest rate hikes, and at the same time
relaxed overseas entry quarantine to ‘0+3’, which are good for the
property market and boosts buyers’ confidence in entering the market,”
another agent said.
Despite these moves, the pressure from policy tightening in the US will mount as the Fed attempts to cool runaway inflation.
The
agent expects that the number of new homes sold in October to rise to
about 1,500, up from only 800 this month. That would still be lower than
August’s tally of about 2,000.
The maiden policy address of Chief Executive John Lee in October is likely to benefit the property market, the agent said.
As
the pandemic has stabilised locally, the government may further relax
entry quarantine measures, and economic activities will continue to
normalise, the agent said, adding that developers are likely to seize
the opportunity to actively launch new projects.
Tuesday’s sale came as the wave of interest rate hikes ensured second-hand home prices maintained their downward trajectory.
Lived-in
home prices in Hong Kong fell by 0.8 per cent in the most recent week
to September 18, according to a market index. The index have retreated
by a cumulative 6.1 per cent in 10 straight losing weeks, and by 11.2
per cent from a record-high in August 2021.
(South China Morning Post)
Hong Kong’s lived-in home prices to revisit 2017 levels as more rate increases prolong housing market correction
Prices
of lived-in homes have retreated 6.1 per cent in a 10-week losing
streak, and by 11.2 per cent since the market peaked in August 2021:
property agency’s data
Recent transactions in popular housing estates in Taikoo Shing, Shau Kei Wan and Tseung Kwan O show ongoing bearish sentiment
Property
investors thinking of getting ahead of the full reopening of Hong
Kong’s economy may have to rein in their enthusiasm. Further
interest-rate increases are likely to depress home prices in the coming months to levels last seen in 2017, some analysts said.
While
local authorities have scrapped mandatory quarantine for incoming
travellers and lowered the bar on mortgage stress tests, the pressure
from policy tightening in the US will mount amid attempts to cool
runaway inflation. A steady decline in the local housing market over the
past 14 months will play out for longer, a property agency said.
Lived-in
home prices in Hong Kong fell by 0.8 per cent in the most recent week
to September 18, according to the another property agency. They have
retreated by a cumulative 6.1 per cent in 10 straight losing weeks, and
by 11.2 per cent from the record-high in August 2021.
Recent
transactions in major estates on Hong Kong Island, such as Taikoo
Shing, indicate prices have reached a five-year low, while one flat in
Shau Kei Wan changed hands for a HK$3 million loss.
“The
pandemic has not yet subsided and the timing of the full border
reopening has not yet been determined,” agent said. “Some buyers and
owners are still waiting to see the effectiveness of the new Covid-19
measures. Home prices will continue to be under pressure.”
The
outlook for the market may improve when the government unveils its
plans during the annual policy address on October 19, Po added. Lived-in
home prices could fall by as much as 6 per cent by year-end to the
lowest since October 2017 without policy support.
The
Hong Kong Monetary Authority (HKMA) has lifted its base rate five times
this year to 3.5 per cent, a 14-year high, in lockstep with the hawkish
Federal Reserve hikes. Commercial banks including HSBC and Bank of
China (Hong Kong) raised their prime rates last week to a four-year
high, making it costlier to fund big-ticket purchases like housing.
“Rising
rates, and thus mortgage rates, result in lower affordability,” Morgan
Stanley said in a report dated September 22. “Property prices are down 8
per cent year-to-date and we expect another 5 per cent decline in 2023.
Thus we have not reached the bottom and the risk of mortgage rate caps
going up is still there.”
The
HKMA on Friday asked banks to lower the threshold on interest-rate
stress testing for property mortgage lending to 200 basis points from
300. While the relaxation is seen as a boost for the housing market,
prices are not likely to rebound soon, another agent said.
Since
the market peaked in August last year, prices at Metro City, a housing
development in Tseung Kwan O, have fallen 23.2 per cent to HK$14,669 per
square foot, the lowest since February 2019. In Taikoo Shing, prices
fell 19.4 per cent to HK$17,159 per sq ft, the lowest since July 2017.
They are the two biggest losers among 133 estates tracked by the first
agency in that period.
At
Lime Gala in Shau Kei Wan, a flat measuring 491 sq ft changed hands at a
loss of HK$3.1 million last week, according to the agency. The owner
had decided against living with the city’s pandemic curbs and widened
the discount because of concerns rate increases will sap demand.
“Buyers
are hesitant about entering the market given the rate outlook,” agent
said. Generally, the counter-offer is more than 10 per cent less, and
not all owners are willing to lower their asking price by that steep,
the agent added.
“Hong
Kong property prices are under pressure in the short term because of
the overall market sentiment globally in stock markets,” said Raymond
Cheng, managing director at CGS-CIMB Securities. “It may not be
surprising to see home prices fall a further 5 to 10 per cent” with
short-term rate and emigration pressures, he added.
The
number of lived-in home transactions is likely to shrink this quarter
to about 6,800 deals, the least since the 5,159 recorded in the fourth
quarter of 2018, the agency predicted.
Banks
remained cautious on the outlook for prices of lived-in homes,
according to a separate gauge compiled by the agency, based on their
assessment of second-hand properties in the 133 housing estates. The
index fell to 11.47 in the September 18 week. A reading below 40 is
deemed bearish.
(South China Morning Post)
疫市下甲廈仍錄承租，中環中心連環租出2個丟空數年的單位，面積分別為1700多呎及2500多呎，平均呎租40元，業主以長免租期吸客。
單位丟空逾4年
市場消息透露，中環中心低層02室，建築面積1735方呎，於近期以每月6.94萬租出，平均呎租40元；由同一名業主持有的同層10室，建築面積2583方呎，亦以每呎40元租出，據悉，該2個單位自從2017年底易手後，一直丟空至今逾4年，今番業主以長免租期吸客，計及免租期，單位平均呎租約36元水平，屬該廈近年新低。
上月初，該廈22樓11室，建築面積約3184方呎，以每呎約37元租出，創該甲廈12年以來新低水平，低市價約10%，月租約117808元。同月，22樓8室，建築面積約2601方呎，以每呎約38元租出，月租約98838元，該8號單位業主，於2019年5月向蔡志忠購入，因當時正值市場高峰期，購入價高達約9967.7萬，每呎造價38322元，若以最新租金計，租金回報僅約1.19厘。
近月連環低價承租
業內人士指，甲廈正處供應高峰期，租金受壓，不過，隨着入境隔離措施寬鬆，帶動經濟氣氛，加上中環中心租金低於同區甲廈，當空置率減少，料租金回升。
(星島日報)
更多中環中心寫字樓出租樓盤資訊請參閱：中環中心寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
工商鋪暫錄874宗買賣 代理行：按季跌29%
第三季工商鋪買賣遜預期，一間本地代理行資料顯示，今年第三季截至9月22日，工商鋪買賣暫錄約874宗，按季減29%，為自2020年第二季後新低；金額約215.73億，按季跌約24%。該行料第四季量升價穩。
該行代理表示，截至9月22日，今年第三季暫錄約249宗商鋪買賣，總金額約67.60億，按季減約18%及27%，對比去年同期跌約45%及47%。季內僅8月錄約117宗成交。
料第四季量升價穩
該代理指出，第三季暫錄約1075宗租務，總金額約1.08億，按季數字相若，按年減約20%及26%。7月錄約425宗，為2021年9月份後最高紀錄。如中環區8月商鋪空置率為13.32%，銅鑼灣區最新空置率錄約5.5%。
高銀金融國際中心全幢成交矚目
該行另一代理表示，寫字樓買賣暫錄約110宗，按季減約44%，按年減約60%；金額約88.55億，按季攀升約1.6倍，對比2021年同期微跌約2%，皆因九龍灣高銀金融國際中心全幢約70億成交矚目。
該行另一代理表示，今年第三季暫錄約515宗工廈成交，按季跌約29%，按年急跌約49%，涉金額約59.56億，按季回落約62%。季內僅錄約24宗逾億工商鋪成交，總金額約155.43億，宗數是2020年第三季後的新低，金額按季減逾30%。
(星島日報)
更多高銀金融國際中心出租樓盤資訊請參閱：高銀金融國際中心出租
更多九龍灣區甲級寫字樓出租樓盤資訊請參閱：九龍灣區甲級寫字樓出租
東角道地鋪呎租311元跌75% 銅鑼灣一綫街租金重返13年前
近期，時裝店活躍於鋪市，連環進駐核心區鋪位，繼銅鑼灣啟超道一個巨鋪租出，區內另一個黃金地段，東角道一個鋪位亦由時裝店承租，平均呎租311元，較舊租金跌75%，重返13年前水平。
上址為記利佐治街1號金百利商場地下G4號地鋪，鋪面向東角道，建築面積約900方呎，以28萬租出，租客時裝店，租金重返13年前，對上長租約為鐘表店，月租112.3萬，於2019年遷出，及後由手機用品及配件店短租，隨後丟空一段時間，直至近期品牌時裝店承租，旋即開業做生意。
面積900方呎 月租28萬
市場消息指，近年時勢欠佳時，該鋪位一直由手機配件店「生作」短租，業主未透露租金，市場消息估計，該店能承受月租介乎15萬至18萬，最新長租錄升幅，不過比較對上長約，天梭表於2016年3月至2019年2月間，月租112.3萬，最新租金跌75%。有代理形容，東角道及記利佐治街，比較駱克道「崇光旺段」更優勝，人流更集中，該段屬傳統旺段。半世紀前是日本百貨公司大丸所在地，儘管及後日式百貨色微，大丸於1998年結業，亦無損該地段優越性，多年來，力吸遊客及本地客在此消費。
代理：旺足半世紀
翻查資料，大丸於1961年11月3日開幕，翌日錄10萬人入店，人山人海，旺場橫跨數十年，不過，昔日大丸現址已變身FALK WALK商場。
區內啟超道一個複式鋪，早前亦由時裝店承租，啟超道10號地下及1樓，建築面積2500方呎，歷年舊租客都是奢侈品，高峰期月租高達210萬，對上舊租客為周大福，月租120萬，自從去年5月遷出後，鋪位交吉逾一年，近期以每月約38萬租出，平均呎租152元，較對上長租戶租金減68%，較高峰期大跌逾81%。
鋪市高峰期，啟超道10號複式鋪由六福鐘錶珠寶以176.8萬租用，直至2014年，再獲手表店Glashutte
Watch搶租，月租210萬，租約由2014年12月至2017年11月，即使高峰期已過，仍受周大福垂青，在2017年底以每月120萬租用，直至2020年11月完約後改短租，一年前遷出。
(星島日報)
金鐘2甲廈明年落成 添逾百萬呎樓面
金鐘屬於中環核心商業區的延伸部分，明年將有2大商業項目落成，合共提供逾百萬平方呎樓面供應，分別是恒地 (00012) 的 The Henderson 及長實 (01113) 的長江集團中心二期，均屬於區內罕有甲級商廈供應。
該2個大型甲級商廈均是近年展開重建，當中 The Henderson 前身為美利道停車場，由恒地於2017年以每平方呎樓面地價約5萬元奪得；而長江集團中心二期前身則為和記大廈。當中長江集團中心二期樓高41層，總建築面積達55萬平方呎，可望270度維港海景，屆時所有辦公樓層均可望向維港，將於明年落成。
長江集團中心二期 享270度維港景
至於 The Henderson
位於中環美利道2號，樓高36層，由扎哈‧哈迪德建築事務所 (Zaha Hadid Architects)
設計成地標商廈，每層面積約1.2萬至1.5萬平方呎，包括地面和5層地庫，總樓面面積46.5萬平方呎，已經陸續展開預租，包括佳士得租用4層，涉約5萬平方呎樓面。另外，國際投資公司凱雷集團
(Carlyle) 則租用約2萬平方呎樓面，據市場估計，呎租料約130元，超越目前的甲廈市價水平。
The Henderson 已展開預租
至於中長綫區內仍有2幅大型商業地有望推出，較為矚目為金鐘廊重建發展計劃，近年已經完成規劃，日後將會推出市場招標出售。項目分為2部分發展，其中東面鄰近統一中心的地盤佔地約6.7萬平方呎，計劃重建48層高商廈，當中38層為寫字樓，涉約86.2萬平方呎；至於西面地盤 (即現有金鐘廊行人通道) 則會保留，提供約2.6萬平方呎餐飲及零售樓面，兩者合共提供逾100萬平方呎的商業樓面。
而另一幅潛在的商業地供應，則為金鐘廊對面的高等法院，政府在2017年《施政報告》曾提及，有意將中環新海濱五號用地及五號用地南面用地興建新高等法院大樓重置原有的金鐘高等法院，而高等法院現址屆時則會騰出用作商業發展。據估計，該用地佔地約10萬平方呎，若以地積比率15倍發展，將可提供多達150萬平方呎商業樓面，位置接近港鐵站，交通方便，屬於罕有大型商業用地供應。
(經濟日報)
更多The Henderson寫字樓出租樓盤資訊請參閱：The Henderson 寫字樓出租
更多長江集團中心二期寫字樓出租樓盤資訊請參閱：長江集團中心二期寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
更多統一中心寫字樓出租樓盤資訊請參閱：統一中心寫字樓出租
更多金鐘區甲級寫字樓出租樓盤資訊請參閱：金鐘區甲級寫字樓出租
灣仔中國恆大中心位置鄰近金鐘核心區，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90億元，較購入價低近4成。
位處灣仔告士打道38號中國恆大中心，原本由華置 (00127) 所持有，於2015年由內房恒大 (03333) 以約125億元購入，作為恒大在香港的總部。但隨着恒大陷入財困，中國恆大中心亦多次推出市場放售，去年8月曾傳出獲越秀地產以約100億元洽購，惟最終未有成事，直至今年年中，恒大委託測量師行標售其總部大廈中國恆大中心，但仍然未能售出。
而至本月初，物業更遭債權人申請委任接管人接管。近日有測量師行再獲接管人委託公開招標出售，截標日期為2022年10月31日 (星期一)。
估價逾80億 低購入價4成
項目佔地約23,021平方呎，享三面單邊樓面，而物業樓高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約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。而市值方面，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。
(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
太古近11億 沽出青衣全幢工廈
積極沽售非核心物業 外資基金承接
太古集團積極沽售非核心物業，消息指，該集團剛以近11億元，沽出青衣清甜街工廈，料由外資基金承接。
市場人士指，青衣錄得一宗大額工廈成交。涉及物業位於青衣清甜街8至12號，該地段稍偏遠，附近主要為船廠、油庫等。
該物業現為一幢5層高工廈，地盤面積達7.4萬平方呎，總樓面為18.6萬平方呎，連同33個車位。消息稱近日獲外資基金以約10.8億元購入，呎價約5,800元，項目現由物流公司租用。
據悉，項目由太古持有多年，而該集團持有該地段4至12號，涉及3幢工廈，並於早前進行放售，現沽出其中一幢。
消息稱，新買家為外資基金，相信以新加坡基金GLP呼較較高，該機構為一家主力經營物流及投資機構，購入物業料作收租用途。
太古地產 (01972) 最近接受訪問時，曾表示未來10年投資千億元，其中三分一為本港市場，續發展商業項目，亦曾表示因應時機沽非核心物業。該集團於近兩年，不時推售物業，包括2020年以98億元，沽出英皇道1111號 (前稱太古城中心一座) 全幢商廈。
近期放售太古城車位
另外，集團於2020年10月開始，拆售鰂魚涌太古城住宅車位，共有約2,500個車位，早前已沽出逾千個，另7月份曾計劃一籃子放售太古城的車位，涉及逾1,100個車位及160個電單車車位，市值23.6億元，惟未有成事。直至本月再推約140個車位開放予地產代理發售，一星期多沽出約30個。如今再沽出青衣工廈，相信套現把資金投放在未來新商業項目包括太古坊發展等。
整體投資市場上仍以工廈買賣較活躍，當中買家主要為外資基金，如近日嘉民亞洲及加拿大基金Brookfield，分別購入九龍灣及柴灣工廈。
(經濟日報)
更多太古城中心寫字樓出租樓盤資訊請參閱：太古城中心寫字樓出租
更多鰂魚涌區甲級寫字樓出租樓盤資訊請參閱：鰂魚涌區甲級寫字樓出租
市建局皇后大道西項目 收33意向書
市建局西營盤皇后大道西/賢居里項目，昨日截收33份意向書，以中小型發展商為主，當中蘭桂坊地產集團更首度參與競投市建局項目。
蘭桂坊地產 首度競投市建局盤
項目吸引中小型財團參與，包括：建灝、英皇 (00163) 等；而本地「大孖沙」信置 (00083) 、新地 (00016) 、長實 (01113) 及恒地 (00012) 等亦有參與。中資則有招商局置地 (00978) 及中國海外 (00688) 等，而罕有投地的蘭桂坊地產集團亦有參與。
蘭桂坊地產集團物業發展總監王國基表示，是次集團首次參與競投市建局項目，未來會繼續在港物色住宅項目，不論市建局或政府官地，日後均會考慮競投，但依然會視乎地區及項目能否配合集團策略而選擇性競投，並會投放更多資源在地產投資。他認為，上述地皮位置優越，而且配套不俗，又指港島區的需求相對高，日後必定留意這些有實力的地區。
英皇集團 (國際) 物業經理蔡宏基指，由於港島區地皮供應罕有，且集團在區內擁有數個項目，加上地皮距離港鐵西營盤站約3分鐘步程，所以先就地皮遞交意向書，拿取「入場券」。他又指，是次先研究項目標書，相信日後出價會反映加息等因素。
該項目地盤面積1.69萬平方呎，總樓面面積約12.15萬平方呎，其市場估值介乎約14.6億至17億元，每平方呎樓面地價約1.2萬至1.4萬元。
(經濟日報)
