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Grande Monaco flat sales rake in $1.2b

Wheelock Properties has raked in about HK$1.2 billion after selling 89 out of 102 units on offer at its Grande Monaco project in Kai Tak.

The developer released 38 units in the third price list of the project on Saturday, at an average price of HK$24,897 per sq ft after discounts.

Wheelock will offer 68 units at Grande Monaco for sale on Wednesday. The 68 units, measuring between 446 square feet and 961 sq ft, are offered at HK$10.86 million to HK$24.25 million after discounts.

Meanwhile, property agency recorded 21 secondary transactions at 10 blue-chip housing estates over the weekend, down by 43.2 percent from a week before.

Three estates saw no transaction over the past weekend - Tai Koo Shing in Quarry Bay, Laguna City in Kwun Tong, and Caribbean Coast in Tung Chung.

(The Standard)

 

Hong Kong hotel operators mull converting their properties to residential buildings as home prices defy the economic downturn

The applications for conversion of the Horizon Suite Hotel in Ma On Shan, and the Novotel Nathan Road Kowloon to residential use were approved by the Town Planning Board on Friday

This will add more than 1,000 new flats as home seekers regain confidence in anticipation that the Covid-19 vaccination will help revive the economy

Some Hong Kong hotel operators are considering converting their properties into residential buildings as the tourism industry shows no sign of recovery and home prices start to rebound.

The applications for conversion of two hotels – the Horizon Suite Hotel in Ma On Shan, and the Novotel Nathan Road Kowloon – to residential use were approved by the Town Planning Board on Friday.

The approvals will add more than 1,000 new flats at a time when home seekers are regaining confidence in anticipation that the Covid-19 vaccination will help revive the economy, according to property agents. Sales of new and used homes saw something of a mini-boom in January.

“Hong Kong’s property market has proved resilient even with the city gripped by the anti-government protest from mid- 2019, and a year-long Covid-19 pandemic,” researcher said.

Property agent expects sales of lived-in homes to have reached a seven-month high of 4,000 in January.

Sales of new flats are likely to have surged by 164 per cent to more than 1,500 in January, from just 569 deals the previous month, it said.

The strong sales lifted prices of second-hand homes by 0.13 per cent in January, ending three straight months of declines, according to data provided by the Rating and Valuation Department. The index was still down by 4.3 per cent from a record high in May 2019.

“We cannot be too pessimistic about the residential market as the economy is likely to bounce back gradually once the [international] border reopens,” agent said, who said home prices could rise by 5 per cent this year.

The 800-room Horizon Suite Hotel, owned by CK Asset Holdings, has secured approval to be turned into a project comprising 758 residential units, according to a document it filed to the Town Planning Board.

CK Asset acquired the site for HK$120 million (US$15.5 million), or HK$199 per square feet, in 1998 through a government tender.

Last year, CK Asset also gained government approval to convert its 1,100-room Harbour Plaza Resort City hotel in Tin Shui Wai into a 5,000-unit residential project.

At the same time, CSI Properties and Gaw Capital Partners have been given the green light to redevelop the Novotel Nathan Road Kowloon Hotel into a residential and commercial building comprising 285 units.

Last week, the government announced the number of new private homes to be built under Hong Kong’s land-sale programme in the financial year ending March 31, 2022 would drop to an 11-year low of 6,000 units.

“The lack of land supply for mass residential development will continue through the next two to three years, providing support for housing prices in urban areas,” agent said .

(South China Morning Post)

 

觀塘ITT四層樓面 獲宏利洽租

甲廈租務主要來自搬遷及重整業務。消息指,觀塘國際貿易中心 (ITT) 4層樓面正獲宏利保險洽租,呎租約28元。

涉14.4萬呎 平均呎租28

市場消息指,觀塘國際貿易中心4層樓面獲洽租,單位每層面積約3.6萬平方呎,合共約14.4萬平方呎,平均呎租約28元。消息透露,單位正獲宏利保險洽租,有望短期內落實;若最終獲承租,將成近一年來最大手租務成交。

宏利保險為東九龍商廈最大用戶之一,集團早於十年前,租用觀塘道223號商廈,合共約38萬平方呎樓面,並獲大廈命名權,現為宏利金融中心。據悉,集團打算放棄租用部分樓面,轉租國際貿易中心,因為物業樓齡較新及鄰近港鐵站,而租金水平亦較高峰回落,故把部分部門搬至該廈。此外,集團早前亦購入觀塘海濱道全幢商廈,現名為宏利大樓

疫情影響下,大手租務個案甚少,近一年已落實的最大手租務,亦落在觀塘國際貿易中心,涉及物業20及21樓全層,以及19樓半層樓面,合共約10萬平方呎,獲DHL集團租用。該集團原租用九龍灣MegaBox多層寫字樓10多年,涉約12萬平方呎,屬搬遷縮減業務,亦提升寫字樓質素。

(經濟日報)

更多國際貿易中心寫字樓出租樓盤資訊請參閱:國際貿易中心寫字樓出租

更多宏利金融中心寫字樓出租樓盤資訊請參閱:宏利金融中心寫字樓出租

更多宏利大樓寫字樓出租樓盤資訊請參閱:宏利大樓寫字樓出租

更多創紀之城五期寫字樓出租樓盤資訊請參閱:創紀之城五期寫字樓出租

更多觀塘區甲級寫字樓出租樓盤資訊請參閱:觀塘區甲級寫字樓出租

 

淺水灣地價估值6萬元呎 挑戰賣地紀錄

山頂豪宅地連環破頂之後,政府在下年度賣地計劃內亦加入淺水灣豪宅地皮,可建樓面約1.9萬平方呎,最高每平方呎地價估值達6萬元,挑戰賣地紀錄。

淺水灣豪宅地段供應罕有,對上一次是2012年中大昌集團 (00088) 以16.68億元、每平方呎樓面地價近4萬元投得的淺水灣道地皮 (現為淺水灣道108號),近9年區內再次有地皮推出。

規模較細 可建約18987

今次新增的淺水灣南灣道地皮,原本為淺水灣道90號前面的斜坡,規劃屬於「住宅 (丙類)」用途,地盤面積大約21,097平方呎,按照分區規劃大綱圖顯示,連同開敞式車房計最多4層高,地積比率0.9倍,可建樓面約18,987平方呎。

現時地皮後方的淺水灣道90號為長實 (01113) 發展的洋房項目,據EPRC經濟地產庫顯示,過去兩年錄得3宗成交,實用呎價8萬至8.9萬元。

綜合市場,現時地皮估值約7.03億至11.39億元,每平方呎樓面地價3.7萬至6萬元,有機會打破上個月九倉 (00004) 等聯手以5萬元呎投得文輝道地王的紀錄,成為歷來呎價最貴官地。

雖然地皮規模較細,但在淺水灣地段來說已算罕有,由於投資額不太大,相信大中小型發展商都會有興趣競投,以至超級富豪或購入自行興建「皇宮屋」。

至於發展商方面,值得一提的是,比鄰南灣道地皮右方的淺水灣道92號,為資本策略 (00497) 及泛海在去年初以5.5億元購入,相信該兩個財團亦有興趣投得南灣道地皮,以產生協同效應。

(經濟日報)

 

「磁帶大王」沽柴灣工廈平均每呎3972元

資深投資者「磁帶大王」陳秉志繼大手沽售商廈鋪位及豪宅,持有收租16年的柴灣萬峰工業大廈低層全層,亦以6900萬易手,16年升值9.5倍。

市場消息透露,上址為柴灣祥利街7號萬峰工業大廈3樓全層,建築面積17370方呎,作價6900萬元,平均呎價約3972元。陳秉志接受本報查詢,證實沽出上述工廈。

作價6900萬 16年升9.5

陳秉志於2005年2月以660萬購入上址,物業當時屬銀主盤,持貨16年,帳面大賺6240萬,物業升值高達9.5倍。

代理表示,觀塘道460至484號觀塘工業中心一座及二座地庫全層連租約推出放售,建築面積約4.5萬方呎,代理表示,單位屬區內罕有大貨車到地庫樓層,部分樓底高約15呎,擁有獨立樓梯及2部私家貨梯上落地庫,私家貨梯旁更可停泊貨櫃車,無論上落貨物或出入均十分方便。

桂林街鋪4400萬售

市場消息指,深水埗桂林街121至125號地鋪,面積約900方呎,以約4400萬易手,呎價約4.9萬,現址特賣場月租12.8萬,料回報約3.5厘,原業主於1972年以16萬購入,持貨49年獲利約4384萬,物業升值約274倍。

太子基隆街13號地鋪,建築面積約915方呎,以約3150萬成交,呎價約3.4萬,月租約7萬,料回報約2.7厘,原業主於2010年1月以1350萬購入,持貨11年,帳面賺1800萬,物業升值約1.3倍。

(星島日報)