Harbour site valuation expected to drop 20pc
The New Central Harbourfront Site 3's valuation is
expected to drop between 15 and 20 percent while home prices will fall
by 10 percent this year amid the pandemic and rising unemployment,
according to a property consultancy firm.
The commercial plot, which has a site area of
516,312 square feet and a floor area of about 1.84 million sq ft, was
valued at HK$40 billion by surveyor two months ago. It was expected to
go on sale this quarter.
The downward trend continued in both the
residential and investment markets in the third quarter as the pandemic
and continuing geopolitical uncertainties continued to weigh on
sentiment, the consutlant said.
But riding on the improved sentiment in the
residential property market recently, some developers are still raising
the prices of their new flats.
Sun Hung Kai Properties (0016) released 65 flats
in the first price list of Wetland Seasons Park Phase 3 in Tin Shui Wai,
at an average HK$12,968 per sq ft after discounts, about 14 percent
higher than the first price list of Phase 2.
The cheapest unit, at 316-sq-ft, was offered at
HK$4.13 million, or HK$13,079 per sq ft. SHKP will open show flats of
the project tomorrow and expects to launch sale next week.
In Sai Ying Pun, Henderson Land Development (0012) released the sales brochure of Two.ArtLane, providing 264 units.
In the commercial property market, Biel Crystal
Manufactory has applied to redevelop Good Year Industrial Building in
Kwun Tong into an industrial building of no more than 39 storeys.
The building has a site area of 9,999 sq ft and a total floor area of 143,998 sq ft if the plot ratio is 14.4.
In the secondary market, Telecom Digital (6033)
executive director Bobby Cheung King-chuen purchased a 1,699-sq-ft unit
at Mont Rouge in Shek Kip Mei for HK$85 million, or HK$50,029 per sq ft.
In Lai Chi Kok, a 564-sq-ft flat at Mei Foo Sun
Chuen changed hands for HK$8.2 million, or HK$14,539 per sq ft, after
HK$80,000 was cut from the asking price.
And in Sai Wan Ho, a 685-sq-ft unit at Grand
Promenade fetched HK$15.8 million, or HK$23,066 per sq ft, after
HK$200,000 was cut from the asking price.
(The Standard)
Hong Kong’s hotel investment market reels from coronavirus, protests, with prices tumbling and landlords suing
Only
one hotel property has changed hands successfully, albeit at a steep
discount, so far this year compared with seven in the first eight months
of 2019
‘Why should they buy? They cannot collect rent and would lose money every day,’ agent said
Hong Kong’s hotel
investment market is reeling from the impact of Covid-19 on tourism,
with only one transaction taking place this year and landlords suing
hotels for millions in rent arrears.
Only one hotel property
has changed hands successfully, albeit at a steep discount, so far this
year compared with seven in the first eight months of 2019. Last year’s
total investment volume came to HK$9.9 billion (US$1.28 billion) via 10
transactions, according to property agent.
The city’s tourism
industry has been devastated by international travel restrictions,
particularly those preventing mainland Chinese visitors from crossing
the border. It had already been struggling badly last year when
anti-government street protests deterred visitors.
“Coupled with the social
unrest, travellers cannot come. Hotels have no business. Occupancy rates
are now just at 10 to 20 per cent, with not even enough [revenue] to
pay workers,” property agent said. “Even the big hotels incur losses. It
is not an isolated phenomenon, but the general market [is like this].”
It is hard for hotel
property owners to find buyers at the moment, though if the price is
discounted a lot some may be tempted to bet on a potential recovery if
the pandemic is resolved within about a year, the agent added.
“Why should they buy?
They cannot collect rent and would lose money every day,” agent said.
“Buying now is taking a risk. [There is no possibility of getting] a
reasonable return immediately after buying.”
ITC Properties Group in late August sold the
94-room Le Petit Rosedale Hotel in Causeway Bay for HK$460 million to
Wang Dingben, a non-executive director of the Hong Kong-listed China New
Economy Fund, according to ITC’s filing to the stock exchange. The
hotel and its holding company incurred a loss of HK$49.24 million for
the year ended March 2020.
The price represents a
34.3 per cent discount from the original asking price at HK$700
million, agents said. The price per room, at HK$4.89 million, is 13 per
cent below that paid by “shop king” Tang Shing-bor for what is now
called the Hotel Ease Causeway Bay, at HK$5.62 million, in September
2017.
“Market recovery will
remain slow until essentially the connection with China is
re-established,” agent said. “As a result of the events of the last year
and with the lack of international visitors, we are seeing a repricing
of certain hotel assets.”
Meanwhile, the buyer
of the Queen’s Hotel in Sai Wan, Grand Fortune Overseas Holdings,
cancelled the HK$310 million deal in late August, less than a month
after signing the purchase agreement, losing 10 per cent, or HK$31
million, in deposits, according to agents. The original owner of the
Queen’s Hotel once asked for HK$450 million.
The Hong Kong Reese
Hotel in Aberdeen on August 25 was sued by landlord Central Well Limited
for not paying rent, rates and interest from March to August amounting
to HK$16.92 million, according to a writ from the High Court.
It was sued on two
other occasions before that, for rent from July last year to February.
The landlord has already won a lawsuit for about HK$13.78 million owed
between July and November last year. The Reese Hotel did not immediately
respond to a request for comment.
The Vela Boutique
Hotel in Causeway Bay was also sued by the landlord for rent amounting
to HK$20.72 million in June. Vela did not respond to a request for
comment.
“I think landlords,
hotel owners and hotel operating companies have to work together in
partnership to work through this time,” agent said. “Because it’s a
challenging market for all parties.”
(South China Morning Post)
尖東康宏廣場低層 呎價13500
尖東指標商廈康宏廣場單位，以每平方呎約1.35萬元成交。市場消息指，康宏廣場低層02室，面積約1,201平方呎，以約1,621萬元成交，呎價約13,500元。該廈對上成交，為8月份一個中層單位以約3,637.8萬元易手，呎價1.28萬元。
另消息稱，同區力寶太陽廣場中層14B室，面積約816平方呎，以每平方呎約39元租出。
(經濟日報)
更多尖沙咀區甲級寫字樓出售樓盤資訊請參閱：尖沙咀區甲級寫字樓出售
更多尖沙咀區甲級寫字樓出租樓盤資訊請參閱：尖沙咀區甲級寫字樓出租
九龍灣富臨每呎16元租出
九龍灣甲廈新盤富臨中心一個單位，以每方呎16.1元租出，原業主於去年中購入，現時回報僅1.33厘。
隨着商廈租賃價下跌，部分近年購入的投資物業，回報處於低水平，消息人士透露，九龍灣富臨中心A座中高層E室，面積約5866方呎，以每方呎16.1元租出，業主於去年7月以約8545.6萬購入單位，最新回報僅1.33厘。
回報僅1.33厘
此外，代理表示，尖東麼地道62號永安廣場10樓10室，面積約1681方呎，現以意向呎租約36元招租，涉及月租約6萬，現已交吉。單位望園景，備來去水位。資料顯示，永安廣場今年截至8月共錄約12宗租賃，平均成交呎租約40.37元，叫價對比成交單位低約10%。
該代理續稱，永安廣場最高成交呎租約61元，該單位為中層03室，面積約1200方呎，於2019年中錄得，今番業主叫價比高峰期跌約40%。
(星島日報)
更多九龍灣區甲級寫字樓出租樓盤資訊請參閱：九龍灣區甲級寫字樓出租
更多尖沙咀區甲級寫字樓出租樓盤資訊請參閱：尖沙咀區甲級寫字樓出租
尖沙嘴鋪每呎400元跌49%彌敦道旺段大減租重返九年前水平
市況不景，不少珠寶金行撤出核心街道，內地龍頭金行老鳳祥卻留下來，該行剛續租尖沙嘴彌敦道地鋪，每月28萬，較舊租金減49%，平均呎租400元，重返九年前水平。
上址為尖沙嘴彌敦道66至70號金冠大廈地下C鋪，建築面積約700方呎，老鳳祥於2017年9月進駐，當時簽下三年約，月租55萬，平均呎租約786元，隨着市況不穩，最新租約到期，該行剛以每月28萬續租鋪位，平均呎租400元，新租較舊租減幅49%。
老鳳祥每月28萬續租
有代理指出，上述最新租金大約重返2011年水平，在經歷反修例運動及疫症後，奢侈品生意大跌，承租力不如過往，可留下來續租的難得。
2015年，老鳳祥進軍香港，最先承租海防道53至55號海防大廈地下5號鋪連閣樓，建築面積共2000方呎，月租約193萬，平均呎租965元，較該鋪位舊租125萬，提價54.4%，當年經歷了佔中及反水貨，零售市道轉差，提價租鋪個案絕無僅有，由於租金過高，老鳳祥在2018年年初約滿後不續租，是該公司在港首間結業的分店。
區內先後設據點
不過，該行在同區彌敦道連覓新據點，除了金冠大廈外，2018年8月，更租用區內彌敦道80號金鑾大廈地下D至E鋪，建築面積約950方呎，月租35萬，呎租約368元，當時，該鋪址舊租客周大福，承租鋪位達8年，於2016年底已離場，最後一份租約月租為44萬。
另外，代理表示，筲箕灣南安街1-7號嘉裕大廈地下A3及A4號鋪，面積約400及600方呎，意向價約6000萬，可分開出售，每個鋪位售價約3000萬，呎價約7.5萬及5萬，現由蔬果及小食店承租，回報均約2.1厘。代理續指，整個商鋪市場受疫情影響，交投及租售價均見下跌，但部分商鋪價值調整至近年低位，投資價值重新浮現，若市況回復正常，估值亦相信會提升。
(星島日報)
伯恩光學擴版圖 觀塘工廈申重建
「手機屏幕大王」伯恩光學創辦人楊建文，近年轉型收購工廈重建，繼早前觀塘業發工業大廈後，最新就年運工業大廈申請放寬地積比率重建，擬興建39層高的「非污染工業」用途，總樓面約14.4萬平方呎，逐步在觀塘建立起商業王國版圖。
年運工業大廈位於巧明街119至121號，佔地約1萬平方呎，規劃為「其他指定(商貿)」用途，由楊建文收購至逾9成業權，並已經申請強拍，近日楊氏向城規會提出申請，將地積比率放寬2成至14.4倍重建。按照申請文件指出，將會重建成1幢39層的「非污染工業」用途，總樓面約14.4萬平方呎。
巧明街開源道 近年積極收購
事實上，楊建文近年在巧明街、開源道積極收購，包括先後收購業發工業大廈1期及2期，當中第一期已申請重建成39層高「非污染工業」用途，總樓面約28.8萬平方呎。
伯恩光學主力生產手機屏幕，客戶包括三星及蘋果，屬於百億企業，公司曾經計劃上市，籌集資金進軍地產行業，近年便積極在觀塘一帶收購工廈重建，收購逐漸成形。
(經濟日報)
阿公岩工業區 轉型發展醫療酒店
筲箕灣阿公岩過往屬於住宅跟工業區，昔日由於鄰近筲箕灣避風塘，所以有不少船隻維修相關行業進駐，但近年養和醫院在區內擴充發展醫療中心，亦吸引投資者進駐，將工廈重建成酒店發展。
精雅印刷集團大廈 申放寬地積比
阿公岩工業區位置較為隔涉，獲劃為「其他指定(商貿)」用途的土地，涉及面積約17.5萬平方呎，現有15幢工業大廈，而東喜道、鄰近海防博物館的位置還有部分民居。早年區內有不少船廠，及後陸續有不少傳媒或印刷行業進駐區內工廈，但近年該工業區再次轉型，特別是養和醫院先後購入區內工廈，重建或改裝成為醫療中心，亦有投資者將工廈重建成酒店。
當中「舖王」鄧成波在去年3月購入的阿公岩村道8號精雅印刷集團大廈，現為7層高工廈，申請放寬地積比率至14.4倍，以發展1幢26層高酒店。擬建酒店項目的1及2樓預計作餐飲及零售用途，其餘以上樓面為酒店房間，預計可建樓面約16.8萬平方呎，以提供約726個酒店房間計算，平均每間房間面積約231平方呎，相信這個計劃除了是考慮受工廈活化措施帶來的額外樓面，亦有部分是希望配合養和興建的醫療中心，發展醫療旅遊。
養和醫院斥18億擴建
事實上，養和醫院在多年前先後以合共近18億元，購入阿公岩村道3號川匯集團大廈，以及阿公岩村道5號東都中心，計劃分別重建成醫療中心。當中東都中心是養和在2014年，向老牌發展商怡華益新購入，已經完成全幢改裝成養和東區醫療中心李樹芳樓，涉及總樓面逾21.6萬平方呎，樓高15層，除了提供家庭門診外，還會提供癌症治療、磁力共振等設施。
至於川匯集團大廈則會全幢重建成醫院，樓高19層連4層地庫，總樓面約16萬平方呎，提供質子治療中心、手術室，並設有不少於100張床位，預計2022年建成。
除了醫療及酒店發展外，鄰近的阿公岩道明華大廈重建項目，擬分3期重建，共設9幢大樓，包括5幢為公共出租房屋涉2,561伙，1幢涉608伙長者屋，以及3幢資助出售房屋涉750伙，合共3,919伙，項目地下均設有零售地舖，基座則為社福設施，並以公共空間及多形式無障通道連繫起來，總樓面約34.4萬平方呎。
(經濟日報)
