HK (+852) 3990 0799

Hong Kong office tower seized from tycoon Chen Hongtian put up for new round of bidding


Valued at US$896 million in 2022, the waterfront office tower in Hung Hom was seized by creditors in early 2023

Hong Kong commercial property One HarbourGate East Tower (Cheung Kei Center) in Hung Hom, among a series of assets seized last year from Chinese tycoon Chen Hongtian, has been put on sale for a second time amid weak office market sentiment.

The receivers have put the tower back on the market for a new round of bidding, according to a statement released on Thursday by an international real estate firm, which said it has been appointed as the sole agent for the sale.

The prime harbourfront property was valued at around HK$7 billion (US$896 million) in 2022, according to the agency’s statement when it was first put on the market in May 2023.

Chen’s company, Cheung Kei Group, blamed a “short-term cash-flow disruption” for losing control of three properties, which also included a 9,200 sq ft house on The Peak that he bought for HK$2.1 billion in 2016.

The One HarbourGate building (Cheung Kei Center), bought for HK$4.5 billion in 2016, has about 279,000 sq ft of commercial space. Completed in 2016 by Wheelock Properties, it comprises an office tower and a two-storey retail space along the waterfront, with 155 car-parking spaces. It serves as the headquarters for Sun Life Hong Kong.

The unit price will be between HK$10,500 and HK$12,000 per square foot, according to a surveyor.

The deadline for offers is noon on August 20.

“As we venture into the latter half of 2024, the commercial property market has undergone a period of adjustment, moving away from its previous peaks and marked by several substantial transactions,” an agent said.

“This shift in market dynamics has cultivated an environment where buyers are primarily focused on acquiring high-quality assets, viewing the current climate as an opportune moment to secure these highly coveted properties.”

More office buildings are expected to come up for sale as financial institutions are more cautious about financing commercial assets, the surveyor said.

“In case the owner cannot get the recurring loans from the financial institutions, the assets would be foreclosed by the receiver for sale,” the surveyor said.

High vacancy rates and high pressure on commercial rentals are also putting cash flow pressure on commercial asset owners, the surveyor added.

“In the real estate landscape of 2024, distressed properties have taken centre stage, with numerous transactions being executed at remarkably enticing prices,” another agent said.

(South China Morning Post)

For more information of Office for Lease at Cheung Kei Center please visit: Office for Lease at Cheung Kei Center

For more information of Grade A Office for Lease in Hung Hom please visit: Grade A Office for Lease in Hung Hom

 

New Kai Tak flats priced at eight-year lows

The Pavilia Forest at the old Kai Tak airport runway unveiled its price list yesterday, offering 60 flats at prices starting from HK$3.86 million.

The average price is approximately HK$17,188 per square foot, the lowest in Kai Tak's middle-class neighborhood in eight years as competition intensifies amid high inventories.

Developed by New World Development (0017) and Far East Consortium International (0035), the first list offers seven three-bedroom, 38 two-bedroom and 15 one-bedroom units.

Discounted prices range from HK$3.86 million to HK$9.87 million or HK$16,008 to HK$19,690 per sq ft.

The cheapest unit is a one-bedroom flat located in Tower 6, on the second floor with an area of 234 sq ft and an additional 30-sq-ft terrace. Its discounted price is HK$16,513 per sq ft.

Buyers opting for a special plan can enjoy discounts of up to 16 percent off, by which the developer provides designated tenants for buyers. The lease term is two years with an annual rental income of 3.5 percent of the property price, paid semi-annually.

The project plans to open its show flats to the public and accept checks from Saturday.

A property agent said that the project is priced about 10 percent lower than second-hand homes in the same area and nearly 30 percent lower than unsold homes nearby, making it highly attractive.

The agent noted that last month's primary market sales was disappointing, but with the launch of The Pavilia Forest and several other new projects in the pipeline, it is expected that this month's primary market sales could reach the 1,000 mark.

Despite the fading stimulus from the removal of stamp duties in the real estate market, overall transactions in the first half of the year have increased.

A total of 35,089 sales and purchase agreements of building units for registration was recorded during the first half of the year, up by 0.8 percent from a year earlier, data from The Land Registry showed.

The total consideration for these agreements for the first half, however, dropped 4.2 percent from a year ago, affected by low-priced new projects and declining home prices.

(The Standard)

 

AIRSIDE錄2萬呎樓面租出

南豐集團旗下AIRSIDE新錄8樓及9樓全層承租,市場消息指,該2層每層約10000方呎,物業屬零售樓層,平均呎租逾70元,月租約140萬,租客為多元化健康生活體驗館。南豐發言人接受本報查詢時則回應,現時該商場呎租最高達3位數。

平均呎租70

據了解,AIRSIDE商場出租率達90%,上述體驗館預期7月中開業。AIRSIDE寫字樓出租率達70%,獲多個跨國企業承租,合共租出近85萬方呎樓面,平均呎租35至50元,相對九龍東甲廈呎租25元高出近一倍。租客包括友邦香港 (AIA) 承租4全層寫字樓,合共約15萬方呎,預計今年底入伙,按租用面積計算,為本年度迄今全港最大手租務成交。

(星島日報)

更多AIRSIDE寫字樓出租樓盤資訊請參閱:AIRSIDE寫字樓出租

更多啟德區甲級寫字樓出租樓盤資訊請參閱:啟德區甲級寫字樓出租

 

紅磡One Harbour Gate東座 (祥祺中心) 銀主放售估值30

曾由內地富豪持有的紅磡全幢商廈,去年淪銀主盤放售未獲承接,現再進行招標,市場人士估值約30億元。

有外資代理行代理表示,獲委託以公開要約出售紅磡紅鸞道18號One Harbour Gate東座 (祥祺中心)。物業為維港臨海優質物業,自去年中推出以來,獲不少本港及內地買家青睞。接管人有意在新一輪競投,向買家落實出售方案。是次公開要約截止日期為2024年8月20日 (星期二)。

總樓面27.9萬呎 呎價逾萬

物業由1座臨海超甲級寫字樓及1座商舖組成,總樓面面積合共約27.9萬平方呎,並配置155個車位,現為永明金融香港總部。市場人士估計,物業現市值約30億元,呎價逾1萬元。

2016年,陳紅天的祥祺集團向會德豐地產,以45億元購入紅磡One Harbour Gate東座作總部,易名為祥祺中心,呎價1.6萬元。去年初傳出陳紅天出現財困,旗下多項物業遭接管,而祥祺中心亦被銀行接管。

陳紅天名下豪宅、商廈均淪為銀主盤被接管。其中山頂傲璇自用單位,本年初以4.2億元售出,單位實用面積約為5,154平方呎,呎價約8.1萬元。新買家為遠航集團創辦人桂四海。另他於2016年以21億元購入的山頂歌賦山道15號豪宅,同樣被銀主接管,去年於市場招標,未獲承接。

(經濟日報)

更多祥祺中心寫字樓出租樓盤資訊請參閱:祥祺中心寫字樓出租

更多紅磡區甲級寫字樓出租樓盤資訊請參閱:紅磡區甲級寫字樓出租

 

葵涌工廈6.3億統一業權 建數據中心

嘉德利奪金星工業大廈 重建22層物業

舊工廈陸續轉型,位於葵涌的金星工業大廈於昨日舉行強拍,最終由財團以底價逾6.3億元投得項目,成功統一業權,預計或將重建為數據中心,總樓面涉約26.9萬平方呎。

就現場所見,財團代表手持1號牌競投項目,最終在無競爭對手下成功投得項目。據了解,成功統一業權的財團為嘉德利置業。

項目位於葵涌大連排道45至51號,於1972年入伙,現為1幢樓高7層的工廈,地盤面積約23,570平方呎,目前坐落於劃為「工業」用地。申請人於2022年中就項目向土地審裁處申請強拍,並於今年5月獲土地審裁處批出強拍令。

資料顯示,申請人於2021年已經向城規會申請,分別將項目的地積比率及建築物高度限制,放寬至11.4倍及主水平基準上129.35米,以重建1幢22層高 (包括2層地庫) 的數據中心,總樓面涉約26.9萬平方呎,而該申請亦已經獲批准。

土審處今年暫未獲強拍申請

據嘉德利集團官方網頁顯示,集團為一間多元化投資企業,於1995年成立,核心業務涵蓋地產、物流及建築設計等範疇,近年亦有參與投資部分工商物業。

另一方面,今年土地市場仍吹淡風,今年至今 (截至7月4日),土地審裁處仍未接獲任何強拍申請,據統計顯示,今年首半年的強拍申請,較去年上半年僅錄3宗少。受制於息口高企及整體樓市氣氛淡靜,市場估計,今年全年強拍申請的宗數仍有機會「捧蛋」,或持續維持於低水平。

(經濟日報)

 

荃灣海濱廣場銀主盤放售 曾由鄧成波家族持有全幢市值8

鄧成波家族旗下部分物業淪為銀主盤,最新為荃灣海濱廣場商場連停車場,由接管人推出放售,全幢市值8億,項目亦是該家族第8項淪為銀主盤的物業,亦是繼悅品酒店.屯門後的大型項目。

上述物業為荃灣海濱花園海濱廣場停車場及商場部分,由接管人委託兩間外資代理行作為聯合獨家代理,該物業坐落於荃灣永順街及怡樂街交界,物業為11層直立式商場設計,市場人士估計,物業市值約8億,平均呎價約3296元。

料市值呎價3296

該項目包括地下至8樓及2層地庫,商場總建築面積約242690方呎,並提供156個私家車位和15個客貨車位,項目於1990年落成。

該物業由「舖王」鄧成波於2015年以8.2億購入,當時商場交吉多年,並於2018年改作「實境喪屍館」場地,惟隨後結業,物業一直丟空,被稱為「荃灣死場」。多年來,鄧成波及其家族多次放售該商場,曾於2018年高峰期叫價逾20億,去年兩度放售,意向價先後降至12億及9億。

曾是電影MV取景地

海濱廣場由於空置多時,成為拍攝取景勝地,紛紛吸引電影及MV製作人到此取景,由陳木勝導演、謝霆峰主演的《怒火》在此拍攝槍戰場面,歌手姜濤《作品的說話》MV亦以海濱廣場作為場景。

今年暫錄8物業被接管

今年以來,鄧成波家族逐漸有物業淪為銀主盤,至今共有8項被接管,其中豪宅及住宅佔5項,包括何文田天次樓2個豪宅,早前以5800萬放售,另外,早前於拍賣場拍出旺角道2個舊樓,作價分別為500萬及630萬,此外,一個位於灣仔新基大廈的舊樓單位放售中。至於最大宗的為悅品酒店.屯門,全幢市值10億至12億,亦由接管人委託測量師行推出。

(星島日報)