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Cassette king lets go of a whole floor in The Center


Veteran investor David Chan Ping-chi, known locally as the "King of Cassettes," sold a whole floor of office space at The Center in Central for HK$750 million, or around HK$27,811 per square foot.

That was about 44 percent below its peak in 2018.

The 67th floor of the skyscraper with a floor area of 26,967 square feet and with a view of Victoria Harbour was reportedly sold with some existing leases.

Chan confirmed the transaction to The Standard's sister newspaper, Sing Tao Daily.

The deal was done by transferring shares of a company holding the property to reduce the stamp duty, and Chan barely suffered loss from the deal.

CK Asset (1113) sold 75 percent interest in the tower for HK$40.2 billion, or around HK$33,000 per square foot, to a group of investors including Chan in 2017. One of the buyers in early 2018 sold two floors in the property for HK$2.6 billion, or around HK$50,000 per sq ft. That means the price slumped by 44 percent over five years.

This came along with reports that the Ming Fai Building in Sham Shui Po changed hands for HK$85.6 million, or HK$6,277 per sq ft.

Local "Shop King" Tang Shing-bor's family, which held around half of the stake in the building, was estimated to have lost about 40 percent from the sale.

It was valued at HK$180 million when the property was put up for sale in March, according to a property agency.

Meanwhile, the Wharf (0004) has applied to the Town Planning Board to ease the height limit and build 135 units on the site of Ebenezer School in Pok Fu Lam.

That compares to last year's plan of constructing a total of 83 flats in the redevelopment project. The average size per flat was also 39 percent smaller under the new proposal.

The developer paid HK$700 million together with four sites totaling 190,000 sq ft in Tung Chung to the school in exchange for the redevelopment of the current site of the school two years ago.

In the primary market, Sun Hung Kai Properties (0016) said the second round of sales of 322 flats - 310 on price lists and 12 via tender - at Yoho West in Tuen Mun will take place on Saturday.

Elsewhere, rental housing firm Dash Living has launched a new co-living apartment in Sheung Wan, offering 148 suites ranging from 140 to 250 sq ft for long and short stays. Besides having their own rooms tenants will share a working area, kitchen and terrace.

(The Standard)

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Hong Kong ‘Shop King’ Tang Shing-bor’s family to raise US$310 million by selling assets including a hotel at a 28% discount

The 598-room Hotel Cozi Harbour View in Kwun Tong is being offered for sale at a price of HK$2.22 billion, a discount of 28 per cent to last year’s asking price

A 56.7 per cent stake in the Jone Mult Industrial Building is up for sale at a price of HK$180 million, which is 16 per cent lower than prevailing prices

The family of late “Shop King” Tang Shing-bor is raising HK$2.4 billion (US$310 million) by selling a hotel at a 28 per cent discount and disposing of a majority stake in an East Kowloon industrial building, as it continues an asset selling campaign which began at the height of the Covid-19 pandemic in 2020.

The family has offered the 598-room Hotel Cozi Harbour View in Kwun Tong for sale at a price of HK$2.22 billion, a discount of 28 per cent or HK$880 million to its asking price of HK$3.1 billion in March last year. It is also selling a 56.7 per cent stake in the Jone Mult Industrial Building at 169 Wai Yip Street in Kwun Tong for HK$180 million.

Completed in 2007, Hotel Cozi Harbour View at 163 Wai Yip Street is a 32-storey hotel that occupies a site area of 19,050 sq ft. Its total gross floor area of around 235,300 sq ft hosts 598 guestrooms.

“With the consistent growth in business activities within the district, the shortage of hotels will become more noticeable,” a property agency said in a statement on Monday. “This situation presents a potential for higher appreciation.”

“Apart from continuing to be used as a hotel, the property also has the potential to be reimagined as student dormitories to meet the growing demand in the market, or to be transformed into talent apartments to seize the opportunities brought by the government’s talent attraction scheme.”

The 14-storey Jone Mult Industrial Building is an industry development spanning a site area of 10,200 sq ft. The 56.7 per cent stake released for sale represents a total saleable area of 42,000 sq ft. It is currently on sale at HK$4,200 per square foot, which is around 16 per cent lower than the average transaction price of neighbouring industrial buildings in recent years, according to the agency.

Since Tang’s death in May 2021, the family has sold dozens of real estate assets, ranging from en bloc properties and shops, to offices and parking spaces, some of them at huge losses.

The family put up two hotels for sale this year. The 199-room Hotel Ease Mong Kok went on sale in July, after the 119-room Hotel Ease Lai Chi Kok was put on the market the previous month.

The Tang family put the Hotel Ease Mong Kok on sale for HK$730 million, according to another property agency, the sole agent for the sale. That is a discount of more than 30 per cent from its acquisition price of HK$1.1 billion in 2018, according to government records.

A local investor had bought the asset for HK$560 million, the agency said in a report in October, about half the 2018 price tag.

Hotel Ease Lai Chi Kok, the 21-storey property, which was refurbished last year, is estimated to be worth HK$410 million, according to the first agency.

(South China Morning Post)

 

中環中心全層7.5億易手 「磁帶大王」陳秉志沽售持貨6年平手離場

大手買賣持續,最新為中環中心全層單位,以7.5億元易手,平均呎價27811元,原業主為「磁帶大王」陳秉志,持貨6年料平手離場,市場人士料買家為用家。

由「磁帶大王」陳秉志持有的中環中心67樓全層單位,早於一個月前獲準買家積極洽購,物業最終於昨日落實易手,作價7.5億元,建築面積26967方呎,平均呎價27811元,以買賣公司形式沽售,陳秉志接受本報查詢時,證實物業已易手。

平均呎價2.78萬元

市場人士指出,該全層位處高層,望維港景,單位部分交吉,部分連租約, 新買家料回報約2厘,估計新買家為用家,趁市況淡靜購入物業,事實上,該全層呎價較高峰期下跌逾40%。

中環中心75%業權於2017年11月以402億元易手,買家包括陳秉志、「小巴大王」馬亞木、「物流張」張順宜、世茂主席許榮茂及金利豐行政總裁朱李月華,呎價由2.5萬元至逾3.3萬元不等,市場人士指,上述67樓全層單位料平手離場。

呎價較高峰期跌逾40%

其中,張順宜於2018年初趁市場旺熱,沽售中環中心49及50樓全層,成交價分別為12.85億及13.36億元,以呎價5萬及至5.2萬元易手,物業升值52%及58%,於8個月迅速大賺9.2億元,以此作為比較,最新成交呎價較5年間跌接近50%。隨着中環中心市值蒸發,目前,市場上不乏放盤,許榮茂私人持有的中環中心31樓及32樓,意向價逾14億元,平均呎價約2.8萬元,「小巴大王」馬亞木家族亦拆售,平均呎價約2.3萬元。

有代理表示,柴灣常安街77號發達中心高層全層,建築面積約4158方呎,意向呎價約4000餘元,該單位為全層出售,間隔四正,三邊有大窗及開揚光猛,外望開張海景和城市景觀,實用率達80%,且配備獨立冷氣。

另有代理表示,中環域多利皇后街15-16號裕成商業大廈低層全層單位放售,建築面積約3623方呎,意向價約4599萬元,平均每方呎約1.27萬元。

該代理續說,物業為「樓上舖」,擁有14呎長廣告招牌,單位間隔四正實用,部分單位連有平台,是次賣家連約一起出售,料回報達3.2厘。

該全層平均呎價27,811元,較高峰期下跌逾40%,2018年初,該廈49及50樓全層易手,分別以每呎5萬元及5.2萬元易手。

(星島日報)

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深水埗明輝大廈8560萬沽 鄧成波家族持約50%業權

深水埗欽州街56號明輝大廈全幢商住物業,以8560萬易手,全幢建築面積合共13637方呎,呎價6277元,鄧成波家族持有約50%業權。

該家族於2018年9月以7000萬買入該全幢約50%業權,按此推算,該50%業權作價約4280萬,帳面5年蝕約2720萬,幅度約39%。物業佔地面積2003方呎,樓上住宅12層合共建築面積10668呎,地下兩層商業合共建築面積2969呎,合共全幢13637呎。

平均呎價6277

明輝大廈2001年落成,樓齡逾20年,樓高14層,地下及1樓為零售商舖,2至13樓提供24伙。

盛滙商舖基金創辦人李根興表示,該舖位於深水埗警署對面,人流多,但不聚人,商業價值唔高,但位置方便,3分鐘步行到深水埗港鐵站。

凱施鰂魚涌銀主舖1300萬售

鰂魚涌海光街13至15號海光苑地下6A號舖,舖向糖廠街,建築面積約210方呎,以1300萬易手,凱施有關人士於2010年1月以1800萬買入,近年淪為銀主舖,成交價較13年購入價跌27.78%。

李根興續說,該舖面積約130方呎,門闊約9呎,深約15呎,舖面向糖廠街,屬太古坊最旺段,交吉交易,現時市值月租約4萬元,料回報約3.7厘,該舖人流極旺,可惜實用面積只有130呎,晚上及周末比較靜。

(星島日報)

 

代理行:工商舖註冊量按月升15.5%

有本港代理行綜合土地註冊處資料顯示,上月工商舖註冊量共錄261宗,按月增約15.5%,金額錄28.73億元,按月升約19.4%,雖有回升,但與年內高位仍有距離,相信減辣影響尚未完全反映。

金額28.73億按月升約19.4%

工商舖三板塊宗數按月全線上升,商舖錄85宗登記,按月增約37.1%,表現最佳,其次為工廈及商廈,最新各錄125宗及51宗註冊,按月分別升約7.8%及6.3%。

若按金額劃分,11月份註冊量最多為價值500萬元或以下物業錄140宗註冊,按月升約13.8%,500萬至1000萬元,以及1000萬以上至2000萬元註冊,分別錄62宗及36宗登記,按月增約29.2%及5.9%。價值逾2000萬至5000萬元錄14宗註冊,按月減約12.5%,是唯一下跌類別。

5宗逾億元買賣

上月錄5宗逾億元註冊,商廈及工廈板塊分別錄3宗及2宗,商廈包括政府破欠基金以約2.33億元購入觀塘偉業街108號絲寶國際大廈21樓全層。灣仔資本中心14樓全層以約1.46億元售出,屬銀主盤,呎價約12000元,低市價成交。觀塘成業街16號怡生工業中心G-H座共6個地廠單位及長沙灣道800號香港紗廠工業大廈1及2期5樓3個單位,分別以1.9億及1.6億元成交。

該行代理指出,雖然上月工商舖註冊略見回升,但比較今年高位仍有距離,相信「減辣」後對市場利好作用需時反映。面對本地股票低迷以及長假期來臨,預料工商舖交投量維持低迷。

(星島日報)

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觀塘市中心重建 減商業增住宅

九龍東核心商業區之一觀塘,未來有至少4個項目待推,總樓面涉逾500萬平方呎,當中以位於市建局觀塘市中心第4、5區的重建項目的規模最大。當局最新修訂發展計劃,擬減少商業樓面,並新增約1,750伙住宅,意味區內日後再現地標式綜合項目落成,但其落成日期料延遲約5年至2033年。

地標式綜合發展 1750

前述的觀塘市中心第4、5區於去年底推出招標,惟用地於今年1月截標時僅接1份來自新地 (00016) 的標書,最終亦流標收場。而為增加項目的吸引力,規劃署最新建議將原有的「綜合發展區 (1)」地帶,改劃為「其他指定 (混合用途)」地帶,並將項目的總地積比率增加至約12倍,令項目的最高總樓面面積增至約270.3萬平方呎,較舊方案增約25%。

同時,是次最顯著的變化是項目將加入住宅元素,由於市建局擬為項目引入「垂直城市」(Vertical City) 的發展理念,項目將增建1,750伙住宅,預計容納約4,025人,但舊方案僅提供商業部分。

另外,商業部分的樓面,則會由舊方案約207萬平方呎,降低約兩成至165.4萬平方呎,但未有再細分寫字樓、零售及酒店等類別,期望給予發展商更大彈性。據項目的規劃圖所示,項目的低層主要為商業、政府、機構或社區設施,中高層則可作住宅或商業用途。除外,項目的建築高度限制擬放寬至主水平基準上360米,即有機會取代中環中心成為全港第5高的摩天大樓,也是九龍區第2高、僅次於環球貿易廣場 (ICC,約484米高)。若以住宅項目計,日後有望成為全港最高住宅項目,超越約270米高的九龍站天璽。

觀塘行動區 已申撥款料2026

而另一大型重建計劃是「觀塘行動區」,涵蓋觀塘碼頭廣場寵物公園及比鄰巴士總站等用地,政府建議將用地改劃為「商業」發展用途,以發展辦公室、零售、服務行業及/或食肆用途,並提供公共交通交滙處,及公眾休憩空間,總樓面約93.3萬平方呎。發展局去年已向政府申請約6.1億元撥款,為用地興建多條新的道路、有蓋行人天橋等設施,料獲批撥款後,工程將在約4年內完成,即有機會在2026年左右推出。

區內的舊樓亦一直吸引發展商及財團收購,其中伯恩光學楊建文家族於今年4月已以底價約23.49億元,成功統一業發工業大廈1期的業權。楊氏家族於2017年亦已以約16.2億元統一業發工業大廈2期業權,並於2021年已連同比鄰的1期地盤,及年運工業大廈向城規會申請一併重建為1幢商廈,相關申請亦已獲城規會批准。

(經濟日報)

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