HK (+852) 3990 0799

1,275 homes snapped up over 13 days

Hong Kong's home-buying frenzy continued in November with a total of 1,275 primary transactions recorded in the first 13 days of the month.

Wheelock Properties launched first-round sales for its Monaco One project in Kai Tak on Saturday and sold out all the 341 flats which were offered at a discounted price of HK$24,359 per square foot, raking in HK$3.55 billion.

Ricky Wong Kwong-yiu, the managing director of Wheelock Properties, said a new price list would be released soon, and prices could rise by around 10 percent.

Meanwhile, Sun Hung Kai Properties (0016) said it had sold all 164 flats at Wetland Seasons Bay phase two in Tin Shui Wai on Saturday.

Together with the first round, SHKP has sold over 300 flats, cashing out HK$2 billion. Following the success of its phase two sale, the developer plans to sell 384 flats at Wetland Seasons Bay phase three in the first quarter of next year.

In the secondary market, a property agency recorded 12 transactions at 10 blue-chip housing estates over the weekend, down 9.1 percent week-on-week, after recording double-digit deals for the previous four weeks.

Of the estates, there were no deals recorded at Whampoa Garden in Hung Hom, Kornhill in Quarry Bay and Metro City in Tseung Kwan O.

Property agent said that first-hand transactions are booming, with more than 500 deals recorded over the weekend as the pandemic in Hong Kong continues to ease. Comparatively, second-hand transactions were stagnant.

But the agent believes that the secondary market will pick up, with hopes rising over the resumption of normal travel between Hong Kong and the mainland.

(The Standard)


How tiny can a Hong Kong ‘nano flat’ be? Let’s squeeze in a garden and charge them more

Cramped living ‘a point of pain’ in Hong Kong, but developers add frills to nano flat trend.

Buyers pay more to snap up tiny ground floor flats with gardens in New Territories project.

As new homes in Hong Kong shrink despite costing more, private developers are adding gimmicks to sell their smallest flats. The latest feature: a tiny patch of garden.

More of these shoebox homes, usually just 200 to 300 sq ft in size, have been built in recent years, even in low-density residential areas in the New Territories.

The public sector has also joined in, building more tiny homes referred to as nano flats.

The trend has persisted even though the government has acknowledged that cramped living space is a “pain point for society”. It is considering setting a minimum size for homes built by the private sector and has pledged to increase living space in public housing in the long term, beyond 2030.

At #Lyos, a project in Hung Shui Kiu in the New Territories developed by CK Asset Holdings, 58 ground-floor flats – mostly studios and one-bedroom units – come with a garden, which is not included in the saleable area of homes.

The nano flats have private gardens of between 53 and 295 sq ft.

The development is the first new project in northern Hong Kong to come to the market since city leader Carrie Lam Cheng Yuet-ngor unveiled the ambitious Northern Metropolis blueprint in her policy address last month.

Of the 341 flats in #Lyos, 184 range in size from 202 to 292 sq ft. The project will be completed in 2023.

All 40 of the ground floor nano flats that came with gardens were snapped up within a day when they opened for sale in two batches earlier this month.

A property agent at the project’s sales office in Hung Hom told a Post reporter posing as a prospective buyer that it was rare for studio or one-bedroom flats to have a garden.

“When you live in the city with lots of high-rise buildings, you are boxed in by four walls and sometimes it feels like you’re in a jail cell,” he said. “It’s nice to have a space to call your own so you can step outside for fresh air, have a cup of coffee and relax. I don’t think you’ll be able to plant trees, but you can definitely grow some plants if you want.”

Most of the flats with gardens sold at a higher price per square foot.

For example, a 217 sq ft studio with a 201 sq ft garden cost about HK$4.7 million (US$603,000), or HK$21,645 per sq ft, whereas the 206 sq ft unit one level up cost HK$4.14 million or HK$20,073 per square foot.

Nano flats often are 200 to 300 sq ft, but can be even smaller. Many do not have an enclosed kitchen or bedroom, or a window in the bathroom.

Some industry observers say Hong Kong’s skyrocketing property prices and tightened mortgage measures led to developers building tiny flats, as most buyers could not afford anything bigger.

Francis Lam Ka-fai, chairman of the Institute of Surveyors’ housing policy panel, said the #Lyos developer included gardens to lure buyers to small ground-floor flats, which were usually not popular.

“Lots of people don’t like to live on the ground floor, because others can look in,” he said. “The garden gives the occupant extra space and offers more privacy.”

An architect, who declined to be named, noted that the developer could have used the garden space as a common area for all residents.

“Instead, it cleverly put those spaces with the flats to sell them more expensively,” he said.

The Post has contacted CK Asset for comment on whether it plans to build more nano flats with gardens.

Private developers have built 10,900 nano flats smaller than 260 sq ft over the past decade, according to Liber Research Community, a civic group that focuses on housing and land issues. It found that nano flats made up 10 per cent of the new homes last year.

In another recent project, the Met. Azure by Wang On Properties in Tsing Yi has 320 nano flats between 181 and 257 sq ft, some of which have balconies. In a 203 sq ft flat – the smallest with the feature – the balcony takes up 22 sq ft of the saleable area.

At Manor Hill by Kowloon Development in Tseung Kwan O, studios and one-bedroom flats ranging from 203 to 300 sq ft make up about 90 per cent of the 1,556 homes in two towers.

With flats between 203 and 428 sq ft going for an average of HK$20,921 per square foot, it is the most expensive new launch at Lohas Park, Hong Kong’s largest private housing project.

The developer said the clubhouse and garden, which covered 49,000 sq ft, provided facilities “comparable to five-star hotels”, giving residents a “staycation-like” experience.

But living in shoebox homes can take a psychological toll. A study published last year and covering different kinds of housing found that living density had a significant impact on Hongkongers’ anxiety and stress levels.

Chan Siu-ming, who led the study and is now assistant professor of social and behavioural sciences at City University, said a garden was no compensation for cramped space.

“This type of nano flat just pushes residents to lower their expectations of living,” he said.

He added that having a balcony would be better for mental health but said there was also a trade-off: “Most residents, if possible, will ‘choose’ a bigger indoor space … because in reality, those balconies are not really ‘extra’. Residents need to pay more or sacrifice indoor space.”

Hong Kong has been ranked the world’s most unaffordable housing market for the 11th year in a row, and it would take 20.7 years on average for a family to afford a home in the city, according to the annual Demographia International Housing Affordability study.

Development minister Michael Wong Wai-lun recently said the government was considering introducing a minimum size for new private flats. He said he would take a leaf from the Urban Renewal Authority, which once required its projects to have flats of no less than 260 sq ft. The authority upgraded that minimum to 300 sq ft in 2018.

The government has also said it aimed to increase sizes of public housing by 10 or 20 per cent in the long run.

However, the size of subsidised Home Ownership Scheme flats has shrunk over the years, with flats as small as 278 sq ft appearing in the programme for the first time in 2018.

There were 622 homes below 320 sq ft in 2018, or 14 per cent of the batch sold in that year. Flats smaller than that made up 22 per cent and 15 per cent, respectively, in 2019 and 2020.

Between 2014 and 2017, the smallest home was 368.1 sq ft.

Anthony Chiu Kwok-wai, executive director of the Federation of Public Housing Estates, described the trend as the “nanoisation” of public housing and urged authorities not to sacrifice living space in their haste to build more flats.

(South China Morning Post)


代理:甲廈租金按月微升0.8% 售價微升0.2%




租金方面,分散業權甲廈及乙廈租金,上月按月分別升0.8%及跌0.9%。當中較為矚目的,為運動服裝品牌Nike由九龍灣遷往觀塘國際貿易中心,租用約5.4萬呎樓面,呎租約32元。中環國際金融中心二期全層亦獲一家中資資產管理公司承租,公司原租用灣仔 One Hennessy,現擴充增至中環國際金融中心二期全層約2.5萬平方呎樓面,呎租約130元。








更多One Hennessy寫字樓出租樓盤資訊請參閱:One Hennessy 寫字樓出租





上環巨鋪放租逾半年 金融機構每月80萬進駐

疫市下巨鋪不乏捧場客,繼近期中國建設銀行 (亞洲) 承租上環德輔道中逾7000方呎鋪,同街道另一個巨鋪,面積逾1.3萬方呎,放盤逾半年後,覓得長租客,由金融機構以每月逾80萬進駐,平均呎租58元,較舊租跌28%。業內人士指,短時間內巨鋪接連租出,足見銀行及金融等行業趁疫市擴張。






德輔道中238號巨鋪,過往由兩家證券行承租,近期1樓及2樓約滿,中國建設銀行 (亞洲) (下稱建行) 率先以每月27萬進駐,租期5年,由今年10月1日,直至2026年9月30日,1樓及2樓建築面積分別約1972及2887方呎。該地鋪現址光大新鴻基證券,明年5月約萬,建行另以每月27萬預租,租期由2023年6月1日至2026年9月30日,建築面積約2774方呎。兩組鋪位梗約屆滿後,有三年生約可續。





尖沙嘴彌敦道鋪呎租100元減75% 樓上侯君剛:短約為期半年

繼早前承租旺角亞皆老街老鳳祥舊址,樓上有限公司 (前稱樓上燕窩莊) 再下一城,承租尖沙嘴彌敦道地鋪,月租約15萬,平均呎租約100元,較舊租金跌75%,該公司創辦人侯君剛表示,趁核心區鋪租平連環開店,力吸本地客生意。











荷李活道彩鴻酒店 8.5億洽至尾聲

物業提供148房間 較高峰期減價逾3成


市場消息指,中環荷李活道彩鴻酒店 (Travelodge Central Hollywood Road) 正獲財團洽購,據悉,該物業由基金持有,現獲財團出價約8.5億元,據悉有望短期內成交。

去年曾放售 叫價約13



翻查資料,該酒店過去多年曾數度易手,項目前稱麗珀酒店,由遠東發展  (00035) 持有,及後轉售給帝盛集團,易名為晉逸好萊塢精品酒店,並於2011年以5.15億元,轉售給新加坡基金Alpha。2017年,基金夥拍酒店集團以約8.3億元購入。若最終以8.5億元沽出,轉手帳面獲利約2,000萬元。

今年全幢物業買賣旺,而疫情衝擊酒店,令價格回落,近期漸吸引財團留意,市場陸續出現全幢酒店快將易手個案。最大手為莊士 (00367) 旗下紅磡蕪湖街逸‧酒店 (Hotel Sav),獲美資基金出價16億元洽購,物業總樓面12萬呎,提供388房。呎價約1.3萬元,而每房價值約412萬元。另外,油麻地彌敦道Casa酒店全幢,獲6.5億元洽購至尾聲,項目提供162間房。消息稱,該財團為一家外資基金,擬購入後發展共居。



外資入市踴躍 傾向防守性高物業

代理:工廈回報佳可增值 成功跑出



多個因素向好 投資市場低位彈




論到今年投資市場焦點,工廈肯定獨領風騷,連同其他大額買賣,並主要吸引機構投資者留意,數據顯示,今年大額買賣宗數中,機構投資者包括基金佔33.6%,若以買賣金額計涉及361.1億元計,佔整體成交金額的64%,換言之,是今年投資市場主力買家。事實上,近日紅磡及柴灣兩工廈項目,以逾58億元易手,買家正為領展 (00823) ,購入工廈作收租。

物流倉凍倉 疫下受惠行業





甲廈商舖 明年可追落後









代理:東九商圈漸成形 近10年商廈呎價升兩成



寫字樓樓面增至1480萬呎 佔全港23%

據代理行的統計資料顯示,2012年第三季、即近10年前,東九龍寫字樓樓面只約900萬方呎,佔當時全港整體商業樓面的5127萬方呎約18%。至於現在,東九龍寫字樓樓面已增加至約1480萬方呎 (不包括活化工廈的商業樓面),期內增加約580萬方呎或64%。