Hong Kong's developers rolled out
more flats on the market over the weekend as buyers snapped up nearly
200 flats at new projects in Happy Valley and Yuen Long.
Sun Hung Kai Properties (0016) raised the average price of the second batch of 122 flats at Cullinan Sky in Kai Tak by 6.5 percent to HK$20,939 per square foot after discounts.
The developer said the price was increased because most of the units in this batch enjoy views of Kai Tak Plaza.
The batch covers 15 open-plan
flats, 44 one-bedroom and 63 two-bedroom units, with sizes of 236 sq ft
to 559 sq ft and prices of HK$4.73 million to HK$11.91 million after
discounts.
A discount of up to 13.5 percent is offered for cash deals.
In Kai Tak, The Pavilia Forest II unveiled its first price list on Saturday, offering 155 flats at prices starting from HK$4.24 million after discounts.
The project at the old Kai Tak
airport runway is being developed by New World Development (0017) and
Far East Consortium International (0035).
The 155 flats include 33
one-bedroom and 122 two-bedroom units, and have an average price of
HK$19,207 per sq ft after discounts.
Of these flats, 119 are being offered at a 6 percent discount and 36 at an 18 percent discount.
On the same day, Emperor International's (0163) One Jardine's Lookout in Happy Valley sold all 85 flats in its first round of sales within four hours, cashing in over HK$680 million.
The flats on offer ranged from one-bedroom to three-bedroom units and in sizes of 231 sq ft to 559 sq ft.
They were priced between HK$4.16 million and HK$10.73 billion after discounts.
In Yuen Long, SHKP also put another 94 flats at The Yoho Hub II on the market after selling 112 of the 120 flats launched on Saturday.
In other news, Wang On Properties' (1243) Larchwood
in Mong Kok recorded four more cancelled deals, bringing the number of
cancellations to 24, involving amounts of more than HK$130 million in
total.
Nine of the flats have been resold at discounts of 12 to 29 percent on the previous selling prices.
In the secondary market, the city's
10 major housing estates recorded seven deals over the weekend,
unchanged from the previous week.
A property agent said new cheap projects rolled out after the interest rate cuts "grabbed a large part of purchasing power."
(The Standard)
Hong Kong buyers snap up 200 flats as market sentiment improves on interest rate cut
Hong
Kong saw the most number of new flats sold on a single day since May as
market sentiment improved after a rate cut by the HKMA
Hong Kong saw the
most number of new flats sold on a single day since May on Saturday,
with agents predicting sales of 200 units on improving sentiment
following a half-point interest rate cut by the Hong Kong Monetary
Authority (HKMA).
Sun Hung Kai Properties (SHKP) sold 112 units, or 93 per cent, of the 120 units at The Yoho Hub II in Yuen Long as of 8pm, according to agents.
Meanwhile, Emperor International found buyers for all 85 units of One Jardine's Lookout t in Happy Valley in a similar time frame to SHKP.
“It is expected that the first round of units in the new developments of One Jardine's Lookout
in Happy Valley and The Yoho Hub II will sell out on the same day,
driving Saturday’s primary market transactions to exceed 200,” an agent
said.
Last week, the
HKMA began a policy easing cycle by following the US Federal Reserve’s
half-percentage point cut of its base interest rate, the first reduction
in four years. Hong Kong’s de facto central bank adjusts its own policy
based on what the Fed does to keep the local currency’s peg to the
greenback.
The cut paved the
way for Hong Kong’s commercial banks to trim their rates, which in turn
would translate into savings for borrowers who tie their loans to prime
rates.
For example, on a
HK$5 million loan over 30 years priced at prime minus 1.75 per cent, the
reduction lowers the mortgage rate to 3.875 per cent, meaning the
monthly payment drops by HK$720 to HK$23,512, according to a local
mortgage broker.
Besides lower
interest rates, an improving stock market is also boosting sentiment as
it indicates a more optimistic business environment in the coming
months, another agent said.
On Friday, the
benchmark Hang Seng Index added 3.6 per cent to 20,632.30, the highest
level since April 2023. For the entire week, it gained 13 per cent,
restoring more than US$440 billion in value to local stocks and the best
rally since a 14.9 per cent jump in October 1998.
“The overall
market sentiment is positive,” the agent said. “Developers continued to
launch new projects at competitive prices and with the improving market
atmosphere, the sales performance is anticipated to be strong.”
SHKP, Hong Kong’s
largest developer by market capitalisation, offered 120 units in Tower
Six of the Yoho Hub project. The flats, ranging in size from 462 sq ft
to 905 sq ft, were priced at an average of HK$14,338 per square foot,
unchanged from the level when the developer sold all 423 units in Tower
Eight in May. The total price for the cheapest flat was HK$6.83 million.
“The project
benefits from its proximity to [Yuen Long MTR station], making
transportation convenient,” the first agent said. “About 20 per cent of
the units have been reserved by investors. The rental price per square
foot is expected to reach HK$50, yielding a rental return of about 4 per
cent.”
Meanwhile, units on offer at One Jardine's Lookout,
a 27-storey residential tower in Happy Valley, were priced at an
average of HK$17,904 per square foot, a 13-year low for a new project in
the Mid Levels east district. The cheapest was a 231 sq ft unit priced
at HK$4.15 million after discounts.
The launch of the projects drew interest from investors, with some planning to invest around HK$80 million for 10 units at One Jardine's Lookout, in particular, Po added.
“Given the
project’s location in a traditional luxury residential area, along with
attractive pricing, its has drawn many buyers,” the agent said.
“Investors account for about 40 per cent of the interest, while end
users make up 60 per cent.”
The project’s rental return is estimated to be about 6 per cent to 7 per cent, the agent said.
One investor
bought 12 units in the project, including six three-bedroom flats for a
total investment of HK$89 million, another agent said.
“We expect new home sales to reach 600 this month, surpassing the 510 units in August,” the agent said.
Still, a marked improvement in home sales has yet to be seen, another agent said.
(South China Morning Post)
灣仔會展廣場辦公大樓一個海景單位，早前淪為銀主盤，最新以1.35億易手，平均每呎1.5萬，售價較年前暴跌逾50%，造價重返2011年水平。
會展廣場辦公大樓33樓07及09單位，建築面積約9000方呎，屬該廈罕有全海景單位，去年6月曾以3.098億易手，平均呎價34422元，惟後來買家取消交易。
造價重返2011年水平
該單位業主於2007年以1.02422億購入單位，近年將單位按予財務公司，在單位沒有成功出售，本身又無力償還債務情況下，物業淪為銀主盤，近日以1.35億易手，平均呎價1.5萬，由高位大幅回落，新買家為資深投資者，看好香港經濟前景，決定趁低吸納作為長線投資，呎價屬該廈近年新低。
投資者1.35億承接
若以最新成交呎價計算，造價重返2011年水平，較2007年成交價亦僅高出約2717.8萬，幅度約26%。
該商廈一個低層07室單位，建築面積約1184方呎，近日以每方呎15794元易手，涉資1891萬，物業交吉交易，單位由內地機構持有自用多年，由於早前購入價每呎約6400元，涉資757.76萬，帳面獲利1133萬，升值約1.5倍。
(星島日報)
更多會展廣場辦公大樓寫字樓出售樓盤資訊請參閱：會展廣場辦公大樓寫字樓出售
更多灣仔區甲級寫字樓出售樓盤資訊請參閱：灣仔區甲級寫字樓出售
長沙灣南商金融創新中心7.6億售 一籃子單位涉5.76萬呎投資者承接
甲廈新盤不乏捧場客，長沙灣南商金融創新中心再錄大手買賣外，該廈一籃子單位，涉及面積合共57623方呎，以7.6億易手，新買家為投資者，看好甲廈新盤未來升值潛力。
有代理表示，南商金融創新中心53個單位，由投資者7.6億承接，該批單位分布於23、25、26及27樓，建築面積約合共57623方呎，平均呎價逾1.3萬，買家看好區內甲廈未來升值潛力，趁淡市大手購入作長線收租。
53個單位交吉易手
該代理續說，該批單位交吉易手，面積介乎424方呎至2561方呎，其中13個相連單位可提供最大樓面為12776方呎，細單位望開揚山景及城市景，大單位望維港景，買家計劃於收樓後，以每呎35元招租，目前回報料逾32厘，未來隨着市況復甦，預期回報進一步提升。
今年7月，該廈17樓全層連同該廈地庫45個車位，各以3.29481億及8100萬易手，合共作價約4.1億，由另一名投資者承接，商廈平均呎價1.34萬，車位每個180萬。
該代理又說，投資者預期進入減息周期後，資產價值反彈，加上政府投資移民政策將非住宅物業劃入計分之列，估計該廈成為目標，故迅速拍板大手購入單位。
平均呎價逾1.3萬
該代理稱，長沙灣近年來徹底轉型，新落成甲廈及重建項目形成九龍西甲廈商業圈，除南商金融創新中心，同由新世界發展商的83永康街及83瓊林街「PORTAS」相繼入伙，使區內商業圈更趨成熟。過去十年，長沙灣甲廈是唯一租金增長逾5%的地區，跑贏大市。
南商金融創新中心不乏知名用家，其中，南洋商業銀行於2021年9月，斥資12億購入該廈頂樓3全層連命名權，每層樓面介乎2.08萬至2.46萬方呎，總樓面近6.8萬方呎，平均呎價約1.75萬，創項目呎價新高。
(星島日報)
更多南商金融創新中心寫字樓出租樓盤資訊請參閱：南商金融創新中心寫字樓出租
更多PORTAS寫字樓出租樓盤資訊請參閱：PORTAS寫字樓出租
更多長沙灣區甲級寫字樓出租樓盤資訊請參閱：長沙灣區甲級寫字樓出租
更多永康街83號寫字樓出售樓盤資訊請參閱：永康街83號寫字樓出售
更多長沙灣區甲級寫字樓出售樓盤資訊請參閱：長沙灣區甲級寫字樓出售
