Goldin loses $450m amid mysterious prime site deal
Cash-strapped Goldin Financial (0530) took a dramatic turn in the sale of
its Kai Tak residential site, as it canceled a previous deal that made only ten
days ago at a loss of HK$450 million after finding a new buyer who offered a
higher price.
The lesser-known new buyer, Yan You, has agreed to acquire Kai Tak Area 4B
Site 4 in Kowloon from Goldin for HK$3.48 billion, according to Goldin's
statement at the Hong Kong stock exchange yesterday. The firms also have
reached an additional agreement under which Goldin and Yan You will share the
profits from the future sale of residential units and car parks in a 30:70
ratio. Despite the new buyer offering a higher price, Goldin still sold the
site at a loss of around HK$2.75 billion.
Goldin intended to use the net proceeds to repay its other borrowings for
the payment to the prior purchaser for cancellation and for general working
capital purposes.
Goldin will pay HK$2.87 billion to the prior buyer, an offshore company
called Sino Shield, including the return of the cash payment and the related costs
and expenses for the cancellation. Goldin expects the cancellation will lead to
a loss of around HK$450 million.
Shares of Goldin fell 7.83 percent to HK$1.06 yesterday.
The local developer, chaired by billionaire Pan Sutong, acquired the
9,708-square-meter residential site for HK$8.9 billion in November 2018.
The deal is the third sales agreement Goldin reached within two and a half
months.
In mid-May, Goldin announced that it would sell the site to offshore company
Top Family Group for HK$7.04 billion, at a record loss of HK$2.57 billion,
aiming to reduce debt amid the Covid 19-wrecked economy.
But last Friday, Goldin said the deal with Top Family has not proceeded, and
that it had signed a new agreement with Sino Shield to sell the site at HK$2.5
billion.
The offshore company also agreed to provide a loan worth not more than
HK$1.14 billion for Goldin to renew its existing bank loan with a new facility
of HK$2.43 billion.
Even before the pandemic, Goldin incurred a net loss of HK$478.23 million
for the second half last year.
In June 2019, Goldin forfeited a HK$25 million deposit after giving up a
purchase of a commercial plot in Kai Tak, known as 4C Site 4, just one month after
it won the tender for HK$11.12 billion.
Last Thursday, Goldin said it has appointed Gerald Ma Lai-chee as vice
chairman and an independent non-executive director. Ma is the executive
committee member and general manager of CK Asset (1113) with 24 years of
experience in the local property giant, who will provide financial and
restructuring advice to the Goldin. But Goldin spokesman said yesterday the two
buyers - Sino Shield and Top Family - are not related to CK Asset.
(The Standard)
Vanke, CNQC fork out $3.7b for Tai Po site
Mainland developer Vanke Property (Hong Kong) and CNQC International (1240)
won the residential site at Ma Wo Road in Tai Po for HK$3.7 billion, or
HK$4,739 per buildable sq ft, in line with market estimates.
Market surveyors valued the site at HK$2.74 billion to HK$4.57 billion. This
indicates that developers are positive about the outlook for the local home
market, a surveyor said.
The site, which measures 243,350 sq ft, has a maximum buildable floor area
of 781,890 sq ft.
Vanke and CNQC outbid 12 other developers, including Sun Hung Kai Properties
(0016), CK Asset (1113), and Henderson Land Development (0012).
In the secondary market, a property agency firm recorded 3,487 secondary
transactions worth HK$8 million or below in June, accounting for 68.4 percent
of the total secondary transactions, down 2.3 percentage points from May.
In Tai Po, an 887-sq-ft flat at Mayfair By The Sea changed hands for HK$10
million, or HK$11,274 per sq ft, after HK$2.8 million was slashed from the
initial asking price.
In Yau Tong, a 535-sq-ft flat at Ocean One fetched HK$8.08 million, or
HK$15,103 per sq ft, after HK$1.72 million was cut from the original asking
price.
In Lai Chi Kok, a 674-sq-ft flat at Mei Foo Sun Chuen sold for HK$8.5
million, or HK$12,611 per sq ft, after HK$1.3 million was slashed from the
initial asking price.
In the commercial property market, a shop at Sai Yeung Choi Street in Mong
Kok which measures 900 sq ft in gross floor area changed hands for HK$45
million, after HK$15 million was taken off from the initial asking price.
Meanwhile, prime residential prices in Hong Kong dropped slightly by 1.6
percent in the second quarter compared with the previous quarter, narrowing
from the decrease of 2.6 percent in first quarter, Knight Frank said.
And the one-month Hong Kong Interbank Offered Rate, which is linked to the
mortgage rate, rose to 0.25393 percent yesterday.
(The Standard)
萬科夥青建 37億奪大埔馬窩路地
地價4738元呎 料日後呎售1.4萬起
大埔馬窩路地皮昨日揭標，最終由萬科香港夥青建國際 (01240)，以37億元擊退其他12組財團奪得地皮，每呎樓面地價4,738元，合乎市場估值，業界料日後開售呎價由1.4萬起。
疫情爆第三波，未影響發展商出價投地，昨日大埔馬窩路揭標。地皮位於大埔新峰花園的西北面，佔地約24.34萬平方呎，指定作私人住宅用途，最高可建樓面約78.1萬平方呎，用地於上周五截標，並接獲13份標書。
擬建中低密度住宅 逾千伙
地政總署昨公布，地皮以約37.05億元批予財榮有限公司，母公司萬科香港及青建國際，為出價最高的投標者。批租期為50年，以可建樓面約78.1萬呎計算，每呎樓面地價4,738元，合乎市場預期。
萬科香港表示，中標價錢合理，地皮環境優美，將計劃在地皮興建中低密度住宅，預計單位逾1,000伙。另外，萬科香港亦表示本港樓市將繼續平穩發展，並持續從不同渠道增加土地儲備，支持公司作長遠發展。事實上，萬科香港近年在港的發展項目亦穩定地增長，不少已推出市場，例如屯門上源，以及長沙灣The Campton等。
根據賣地章程，地盤內及旁邊政府土地，共有兩處現存墳墓，發展商須修築由馬窩路至墳墓的行人路。由於地皮位於斜坡上，因此建築物高度應隨地形逐步遞減。
同區去年地價 高見6646元呎
比較同區過往的賣地紀錄，2016年中國海外 (00688) 以21.3億元投得山塘路地皮，每呎樓面地價僅1,848元，較當時的市場估值下限低超過4成，不過因地皮當時受司法覆核影響而影響造價，而地皮現時已發展成新盤天鑽，已正在銷售；至於去年初時，新地 (00016) 以63.1億投得白石角優景里的地皮，每呎地價則高見6,646元。
有測量師認為，中標價屬估值範圍內，反映發展商對後市仍具信心；雖然區內未來供應多，加上地皮附近有山墳要處理，故中標價仍屬合理。在現時市況下，投資機會反而更多，部分中資項目發展已完成或已售出，所以需要補充土儲，料中資活躍度及參與度會提高。
另一測量師表示，由於發展地皮至少需時2、3年，故地價相信與最近的疫情第三波爆發無關，預計發展商會主力建中小型單位為主。該測量師認為，出價主要考慮數年後市況。
如果以每呎建築成本5,000元計算，預計日後推售的實用呎價由1.4萬元起。
(經濟日報)
鄧成波加連威老道舊樓 暫緩強拍
由「波叔」鄧成波收購的尖沙咀加連威老道65至73號舊樓，原定在今日以底價19.26億元進行強制拍賣，不過昨日有小業主向高等法院上訴，並獲批出禁制令，暫緩原定今日舉行的拍賣會。
舖王鄧成波家族收購的加連威老道61、63、65、67、69、71、73及75號舊樓，鄧氏早前就加連威老道65至73號收購至逾8成業權後，現址為樓高5層高的商住舊樓，便向土地審裁處申請強制拍賣。
小業主高院上訴 批禁制令
物業在上月獲土地審裁處批出強拍令，獲准以底價19.26億元進行公開拍賣，早前有小業主反對質疑不符合強拍申請要求，雖然遭土地審裁處裁斷無合理勝算，而且推遲拍賣對各方都不利。
不過，據指，該小業主昨日向高等法院申請進一步上訴，並獲批准暫緩原定今日舉行的拍賣會。
據資料顯示，鄧成波收購的舊樓範圍由加連威老道61至75號，今次涉及的加連威老道65至73號位於整個地盤中間位置，如果收購受阻，將會影響整個重建計劃。
(經濟日報)
高銀啟德地筍價轉售 套現35億兼享賣樓分紅 兩個半月三度「彈弓手」 離岸公司彥佑接手
高銀金融(530)啟德住宅地交易峰迴路轉，兩個半月內高銀第三度出「彈弓手」。高銀上周一度公布在保留贖回權利下賣地套現25億元，惟該公司周二停牌後，昨日開市前公布新「筍刁」，指前述的有關交易已終止，改為售予另一離岸公司彥佑，套現金額增至34.77億元，並設有利潤分成協議，日後項目銷售呎價達2.9萬元以上，高銀可分得三成。
高銀上周五曾表示，將啟德4B區4號地皮由離岸公司TopFamily改售予另一離岸公司AgileWorld，套現25億元並設有可贖回地皮的期權。不過，事隔數天，高銀昨日公布，在計及成本及開支後，已向AgileWorld退回共28.7億元款項終止交易，即「分手費」約3.7億元，高銀隨即再度賣斷地皮，售予新神秘買家彥佑。
前兩宗交易終止
根據最新協議，彥佑將給予高銀共34.77億元現金，其中有1億元可作出扣減，以支付高銀的未償還債務、違反銀行貸款費用、終止建築合約費等。
據了解，上一次交易協議加插的期權契據容許地皮轉手，吸引不少潛在買家與高銀接洽，最終因彥佑的出手吸引而成功「截胡」，高銀與AgileWorld洽談後同意取消前協議，並毋須支付期權金贖地後再轉售。若扣除約3.7億元的「分手費」，高銀轉簽今次協議最多可套現31億元，較上次多6億元。
設30%利潤分成
雖然高銀仍要將啟德地拱手相讓，但換取雙方訂立利潤分成協議，日後彥佑在該啟德項目銷售單位及停車場的實際利潤，將分30%予高銀，當中單位銷售須達到呎價2.9萬元以上，才開始有分成。
高銀表示，與AgileWorld「分手」一事將錄得4.5億元虧損，而出售啟德地予新買家亦錄得27.5億元虧損。
計及今次作價34.77億元，連同啟德地現行銀行貸款約35.67億元，總估值或約70.44億元，較首次擬售予TopFamily的作價相若，但仍較2018年底以89.06億元投地低近21%，然而高銀未必「輸哂」。有測量師表示，高銀會否損手離場，仍取決於日後的賣樓分成，他又以目前鄰近樓盤呎價來看，料屆時仍然有機會達標獲利。
雖有另一個「筍刁」撐股價，但高銀昨日復牌後逆市最多跌11.3%，收市跌7.8%，報1.06元。
(星島日報)
銅鑼坊鋪43.8萬沽出六年貶值逾50%
據土地註冊處資料顯示，銅鑼灣銅鑼坊2樓89號鋪，於本月9日以43.8萬成交，買家以個人名義登記，為胡姓人士，原業主於2014年以89萬購入，為鄺姓人士，持貨6年帳面虧蝕45.2萬，物業期間貶值約51%。據區內代理指出，上述鋪位面積僅49方呎，每方呎造價約8939元。
資料顯示，該商場早前亦頻錄蝕讓個案，資料顯示，該商場2樓雙號鋪，早前以120萬成交，原業主持貨13年帳面虧蝕約124萬。銅鑼坊前身為總統餐廳，由資深投資者黎永滔和羅家寶於2004年以約6000萬購入，並分拆成逾百伙鋪位放售。
軒尼詩道鋪叫租12萬
此外，有代理表示，銅鑼灣軒尼詩道482號地鋪，面積約1130方呎，以12萬放租，呎租約106元，現已交吉，該鋪門面闊約17呎5吋，設有來去水位。
代理續表示，於2016年高峰期時曾叫租約60萬，最新叫租大幅回落約八成。
(星島日報)
