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Hong Kong’s developers score a hat trick with city’s biggest home sales weekend this year, as stock market boom lifts sentiments

MTR and Nan Fung sold 140 of the 179 flats of LP10 at Lohas Park as of 3:30pm, agents said

Hong Kong Ferry (Holdings) and Empire Group Holdings sold 200 of the 281 flats of Skypoint Royale at Tuen Mun in the New Territories as of 4:00pm, with 14 buyers bidding for every available unit

Hong Kong’s homebuyers returned to the market, snapping up 83 per cent of the 460 new flats put on sale at two locations in the city’s biggest property sales weekend this year.

The city’s subway operator MTR and its real estate partner Nan Fung Group sold 142 of the 179 flats on offer at the third batch of their LP10 project at Lohas Park in Tseung Kwan O as at 8:00pm, scoring a hat trick over three successful weekends of sales.

Over at Tuen Mun in the New Territories, Hong Kong Ferry (Holdings) and Empire Group Holdings found buyers for 241 of the 281 flats of Skypoint Royale when sales ended at 8.30pm, with 14 buyers bidding for every available unit, agents said.

The strong sales at the two locations marked the return of Hong Kong’s property bull market, as investors and owner-occupiers alike took advantage of discounted prices and cheap mortgages to pick up assets, confident that the coronavirus pandemic may soon come under control. Sentiments were also lifted by a booming stock market, topped off by Kuaishou Technology’s trading debut that gave investors a threefold windfall on the first day.

“After a whole year of turbulence, people realise that Hong Kong’s home prices may correct but will not slump,” agent said. “With vaccines rolling out soon, the macro environment is expected to bottom out. Thus people with real demand for a home decided not to wait any more.”

LP10, the 10th phase of a massive development at Lohas Park, comprises 893 flats in total. The 179 apartments on offer were priced at HK$16,372 per square foot on average after discounts, a 1 per cent increase from last weekend’s sell-out launch. The smallest flat, measuring 513 square feet (47.6 square metres), was listed with a starting price of HK$7.7 million.

“Sales have been brisk since late January, with enthusiastic reaction among home seekers,” another agent said. “The strong sales have also given developers the confidence to put more flats on the market.”

Skypoint Royale is the third phase of a six-block project called The Royale in Tuen Mun. A total of 557 units are available in the two Skypoint blocks, with each floor hosting between 18 and 27 units.

The homes on the offer this weekend comprise studio apartments and one-bedroom units from 208 square feet to 361 square feet, with a starting price of HK$2.99 million (US$385,686) for the smallest unit.

Encouraged by the strong sales result, Skypoint’s developers said they would put more flats on the market next week, raising the catalogue price by 5 per cent.

Elsewhere in Kwun Tong, 132 apartments of the Grand Central Phase 2 project will go on sale on Monday, said the developer Sino Land.

“There could be an explosive increase in home prices of up to 10 per cent in the first half if the Covid-19 outbreak in the city eases by the middle of the second quarter,” agent said, adding that prices may rise by 1 per cent in February, faster than January’s 0.3 per cent increase.

Some 2,000 new flats are expected to be sold in February, a further increase from 1,500 in January and 583 in December.

The strong sales of new homes have put a floor under home prices, ending in a 0.02 per cent increase in 2020 that defied the city’s 6.1 per cent economic contraction. Hong Kong’s unemployment rate rose to a 16-year high in the quarter ended December, with 250,000 people out of work while the prolonged fourth wave of the coronavirus pandemic combined with the city’s worst recession on record.

The economic malaise is likely to compel the local monetary authority to keep the fiscal and financial taps on to bolster the economy, which will further attract money to seek shelter in fixed assets.

(South China Morning Post)

 

荃灣灰窰角街兩物業 申改新工廈

政府重啟工廈活化後,不少業主積極改裝工廈物業,其中有財團就荃灣灰窰角街18至32號,申請放寬地積比率,以作准許的工業用途,涉及總樓面面積約18.9萬平方呎。

荃灣灰窰角街18至32號分別為富源工業大廈及美德大廈,目前坐落於「工業」地帶,而業主現正向城規會申請放寬地積比率限制,由最高9.5倍放寬至11.4倍,以作准許的工業用途,並計劃重建1幢22層高的工廈,另設2層地庫,涉及總樓面面積約18.9萬平方呎。

申請人表示,由於擬建方案可為荃灣東工業區一帶轉型為現代工業區創下良好先例,而且可增强該帶視覺及透風效益,加上入口設置的蓋空間及簷篷,可為行人提供遮陽避雨的功效等,故相信可為公共規劃帶來益處。

值得一提的是,財團於去年已就其中位於荃灣灰窰角街24至32號的美德大廈,提出以地積比率由最高9.5倍放寬至11.4倍發展,重建1幢22層高新型工廈,當時總樓面涉約11.95萬平方呎。

另外,城規會昨日審議一批項目改劃的申請,其中由第一集團持有的長沙灣大南西街1016至1018號廣隆泰大廈,向城規會申請放寬地積比率,並重建為新式工廈,獲城規會通過。

(經濟日報)

更多荃灣區甲級寫字樓出租樓盤資訊請參閱:荃灣區甲級寫字樓出租

 

恒基西半山舊樓批強拍

市區物業頻獲財團出手併購,其中,由恒基積極併購的西半山翡翠園獲批強拍令,底價25.05億。

據土地審裁處最新資料,是次涉及為西半山羅便臣道105號翡翠園,強拍底價25.05億,但相比19年恒基申請強拍時,其市場估值12.816億,高出約95%

翡翠園全幢底價逾25

目前恒基已收集逾87%業權,高於提出強拍時的逾83%。項目地盤面積2.75萬方呎,現址為3幢10層高住宅,另連停車庫,並於1968年落成,樓齡約52年。

至於同樣由恒基併購的紅磡黃埔街22至24號及必嘉街88至99A號,早前亦批出強拍令,底價4.82億,較18年申請時的市場估值,高出近56%。項目地盤約4675方呎,現址為1幢8層高舊樓,並於1957年落成,樓齡約64年。

另外,荃灣灰窰角街富源工業大廈及美德大廈,目前財團向城規會申請放寬地積比,重建為1幢22層工廈,涉及約18.9萬方呎。至於九龍塘牡丹路10號全幢豪宅,目前業主申請放寬高度限制,由原先最高限制10.67米,放寬至13.97米,並以興建一幢樓高3層的物業,涉及樓面約1.24萬方呎。

(星島日報)