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400 new homes to go on sale

As many as 400 new homes will be available for sale soon with the majority of them from the Monaco tower in Kai Tak and the LP10 tower in Lohas Park.

Wheelock Properties will launch first-round sales for Monaco on Sunday, involving 145 units. With 2,200 checks received, the 145 homes are 14 times oversubscribed.

The 145 units ranged from 280 sq ft to 762 sq ft and Wheelock expects to cash in HK$1.6-2 billion from the first-round sales.

Monaco released the third price list, with an average selling price of HK$24,802 per square foot after discounts. It was 9.4 percent higher than the first batch average selling price of HK$22,669 per sq ft.

Meanwhile, Nan Fung Group released the first price list of LP10 in Lohas Park, involving 179 units, with an average selling price of HK$15,888 per sq ft, 30 percent cheaper than the first batch of Monaco.

The flats range from two to four bedrooms, and from 484 sq ft to 1,205 sq ft.

Elsewhere, Vanke Hong Kong was set to launch 74 home at The Campton in Cheung Sha Wan on Saturday, with prices ranging from HK$17,737 to HK$21,740 per sq ft. The subscription registration ends tomorrow.

Meanwhile, an industrial site with a 216,000-sq-ft gross floor area in Fanling was sold for HK$813 million to Temasek's Mapletree.

In another deal, Henderson Land (0012) bought the 12 old buildings on Gillies South Road in Hung Hom at HK$2.045 billion through a compulsory sale. The total site area is 20,400 sq ft.

Property agent expects that the second-hand luxury property in the Southern District to rise 10-15 percent this year but rents to fall 15-20 percent.

(The Standard)


Prime harbourfront plot in Central should become world-class destination blending commerce with public spaces, designers say

The parcel of land by the IFC is out for tender, with bids to be evaluated based on the quality of their design as well as the estimated cost of development

The planning brief encourages features such as plazas, food kiosks and open-air cafes in designs for the public open space

A parcel of prime land at Hong Kong’s Victoria Harbour to be sold in a rare tender process that values design merits as much as cost is likely to be transformed into a vibrant waterfront hub blending office and retail facilities with bustling public spaces, say industry experts.

Under the government’s “two envelope” approach for the sale of New Central Harbourfront Commercial Site 3, submitted bids will be evaluated based on the quality of their design as well as the estimated cost of development.

According to the Planning Department’s zoning plan, half of the 516,316 square foot site will be allocated for public open spaces.

“The creation of new and contemporary public realms integrated within city life is crucial to simultaneously transform and unite Hong Kong with its Central waterfront,” said Mark Blackwell, creative director at Morphis, which won the international design competition for Kai Tak City Public Realm in 2015.

He anticipates Site 3 becoming a world-class destination promoting healthy and sustainable living, with an ensemble of curated experiences for everyone to enjoy framed with new commercial and residential buildings.

“The infrastructure is in place, it’s now time to deliver a true setting to a world-class skyline,” said Blackwell.

The planning brief encourages features such as plazas, food kiosks and open-air cafes in designs for the public open space.

The parcel, next to the International Finance Centre, is believed to be the most expensive site in Hong Kong. Surveyor estimates it could fetch HK$40 billion (US$5.16 billion) to HK$60 billion, or HK$23,225 to HK$37,160 per square foot.

It could yield a total gross floor area of 1.61 million sq ft of commercial space, mainly for office and retail. The site will not, however, house any skyscrapers – the western portion of the plot is limited to a building height of 50 metres, or less than 13 floors, according to the agent, while the eastern part, mostly for retail and government facilities, caps the height at 16 metre, or five floors

“As the height restriction will limit a skyscraper design and sea views, the quality of the building and facilities needs to be outstanding in order to attract tenants,” surveyor said.

Given that Chief Executive Carrie Lam Cheng Yuet-ngor’s 2020 Policy Address discussed Hong Kong targeting carbon neutrality by 2050, she said it was essential the designs are environmentally-friendly.

One particularly ambitious plan for the development has been put forward by William Cheng Kai-man, the chairman of Magnificent Hotel Investments, which operates seven hotels in Hong Kong.

He has proposed the construction of an 800-metre underwater Cross-Harbour Tunnel, exclusively for pedestrians, connecting the site to Tsim Sha Tsui MTR station.

“It is just like building the fourth Cross-Harbour Tunnel. But this one will be for shoppers and tourists,” said Cheng, who is also a structural engineer.

The proposed tunnel, comprising 200 to 300 shops, could take two years to complete at an estimated cost of about HK$25 billion, he added. Cheng submitted his proposal to the Chief Executive in November.

Cheng’s company owns seven hotels in prime locations: four under the Best Western brand in Causeway Bay and Tsim Sha Tsui and three under the Ramada brand in North Point, Tsim Sha Tsui and Sai Ying Pun.

He believes this tunnel could draw 50 million shoppers per year.

“Hong Kong badly needs to create something unique to attract global tourists after the coronavirus pandemic is under control,” said Cheng.

Although the plot is mainly for destined for office and retail use, adding an ultra-luxury hotel is a must, according to one consultant.

“While a hotel may not provide the highest financial returns, mixed-use developments often gain a distinct character by featuring a hotel,” said Dan Voellm, CEO and founder of AP Hospitality Advisors.

The tender for New Central Harbourfront Commercial Site 3 opened on December 18 and will be closed for submissions on June 18.

(South China Morning Post)

For more information of Office for Lease in IFC please visit: Office for Lease in IFC

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


尖沙咀漢口道地舖 交吉叫價8800


門面寬闊 合各行業所需

代理指,尖沙咀漢口道44號漢威大廈地下B號舖,面積約1,000平方呎,業主現以意向價約8,800萬元放售,平均呎價約8.8萬元。舖位門闊約65呎,門面寬闊,適合各行業所需,而單位現已交吉,買家可即買即用。而位置上,舖位坐落於尖沙咀核心地段,與港鐵尖沙咀站A1出口一步之隔,同時鄰近海港城、美麗華廣場、The ONE等區內大型地標式商場,人流甚為暢旺,而周邊亦有多綫巴士路綫途經,交通極為便利,營商環境佳。








恒地20億紅磡擴版圖 擬建上車盤

黃埔街共購7地盤 提供100萬呎樓面

近年恒地 (00012) 密密收購紅磡黃埔街一帶的舊樓,旗下紅磡機利士南路2至24號 (雙號) 舊樓,昨日透過仲量聯行進行強拍,在無競爭對手下,以底價20.45億元投得。














至於具新加坡背景的豐樹產業,對上一次於本港投得地皮追溯至14年初,當時以36.69億投得觀塘商業用地,每呎樓面地價約5700元,創下當時東九龍商業地價紀錄,該項目現發展為觀塘豐樹中心 (已改名為國際貿易中心)。另外,該基金於本港最矚目買賣為於11年以188億向太古地產購入九龍塘又一城商場,當時亦為本港歷來最大宗物業買賣。









上址為荃灣沙咀道105至129號好運唐樓地下4至7號鋪,建築面積3000方呎,天井600方呎,合共3600方呎,市場消息透露,原業主叫價5000萬,幾番減價以4100萬成交,減價900萬或幅度18%,平均呎價1.36萬 (未計天井位)。該鋪位屬於巨鋪,門面闊約60呎,現時由酒吧承租,月租12.6萬,租約至2022年7月,以易手價計算,料回報率約3.7厘。

呎價1.36 十年升58%