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Hong Kong homebuyers turn up in droves to snap up Wetland Seasons flats, ignoring US action to revoke city’s trade status

Hong Kong’s homebuyers snapped up hundreds of new flats on Saturday, turning out in droves to defy an amber rainstorm warning and the US President Donald Trump’s threat to revoke the city’s special trade privileges amid an escalation of tensions with China.

Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market value, sold 291 of 298 flats, or 98 per cent of units offered in the second batch of the second phase of its Wetland Seasons Park project in Tin Shui Wai as of 7.10pm, according to sales agents.

“So far, customers are still very enthusiastic in coming out to pick the flats, and the crowd didn’t shrink because of the overnight news” of US actions on Hong Kong, property agent said, adding that the agent expects the batch to be sold out by the end of the day.

SHKP raised the price for some of the best units in the second batch by 2 per cent, compared with last Saturday, after its encouraging result of selling more than 80 per cent of the flats. The first batch was sold at 18 per cent discounts.

Coming fresh on the heels of one of the White House’s much-heralded punitive action on Hong Kong amid the lowest point in US-China relations, SHKP’s strong showing underscores how the city’s residential property market may be finding a temporary respite from its year-long slump. As many as 25 buyers registered to bid for every single available flat unit.

Mass-market residential projects are likely to hold up better than commercial and high-end properties, as there is still a lot of demand by local residents who want to buy flats for their own use while supply is scarce, according to analysts and agents.

In an indication of the strong demand, a total of 7,631 buyers put down a deposit to enter a lottery for the 298 flats at Wetland Seasons Park. The flats, located in northwestern New Territories, are priced at HK$10,842 to HK$15,670 (US$2,021) per square foot, with sizes ranging from 331 to 816 square feet (76 square metres).

The value of the city’s new and secondary home transactions plunged 52 per cent to HK$33.7 billion in April from last year, according to government data. Property agency index, which tracks prices of used flats, declined about 6 per cent since a high in June 2019, when the anti-government protests started.

(South China Morning Post)


US government invites bids on six multibillion-dollar Hong Kong mansions, even as White House revokes city’s trade status

The United States government is calling for bids on a cluster of residential properties in the world’s most expensive real estate market, even as Hong Kong is turning into the latest pawn in an escalating rivalry between the US and China.

A plot of land with six multistorey mansions located at 37 Shouson Hill Road near the city’s Ocean Park resort was put on the market this week. The six mansions, each with as many as 10 bedrooms, measure about 47,382 square feet (4,400 square metres) in total, according to a tender document seen by South China Morning Post.

The project offers breathtaking views of Deep Water Bay from a gated community accessible via a private driveway from Shouson Hill Road. A small swimming pool is shared by the two largest of the six houses, complete with a gazebo between them.

The entire project including the six houses is estimated at between HK$3.1 billion and up to HK$5 billion (US$645 million) according to valuers. That’s less than the HK$5.93 billion fetched in June 2018 at a neighbouring site of a comparable size, according to the tender document.

“The luxury housing market has cooled down over the past two years, and it takes longer time to sell high-end villas right now, which would make developers more cautious,” real estate consultant said.

The US government bought the land in June 1948 for an unknown price when Hong Kong was still a British colony, according to public records at the Land Registry. Construction on the site was completed in 1983.

“The State Department’s Bureau of Overseas Buildings Operations regularly reviews the US Government’s overseas real estate holdings as part of its global reinvestment programme,” according to a statement by the US Consulate Genera in Hong Kong. “As part of that programme, the State Department has decided to sell the Shouson Hill property, and at the same time, invest in enhancing other US Government-owned assets in Hong Kong, including the US Consulate General’s office building. The reinvestment program reinforces the US Government’s presence in Hong Kong by ensuring its facilities are able to perform to the highest long-term standards.”

The neighbouring plot was sold to China Resources in 2018, agents said.

“Taking into account the current political and economic sentiment, the price should be 10 to 20 per cent lower than the average price of HK$85,000 per sq ft” of the neighbouring project, an agent said, who values 37 Shouson Hill Road at HK$3.2 billion. “Mainland Chinese used to be the buyers of luxury properties. Will they buy property from the US government now? That is a question in many people’s mind.”

It is unclear how many properties the US government owns in the city. A property agency has been assigned as sales agent for the project. The agents were not immediately available to comment. The project is being sold on an “as is” basis, with all six mansions, with an agreement to lease it back. Interested buyers can bid for the project as a whole, and can tear the project down to rebuild on its floor plate measuring 92,000 square feet.

Details of the tender came to light hours after Trump announced that he would revoke Hong Kong’s special customs status, in response to the Chinese legislature’s announcement last week of introducing a national security law for the city. Trump’s plan would affect a “full range of agreements” from an extradition treaty to commercial relations, the agent said, after his Secretary of State Mike Pompeo said Hong Kong could no longer be considered be a region that is autonomous from Beijing’s rule.

(South China Morning Post)









Emperor's Mid-Levels flats in hot demand

The first batch of flats at Central 8 in Mid-Levels has been 2.8 times oversubscribed, with developer Emperor International (0163) receiving 260 checks for the 68 flats on offer.

The first batch has an average price of HK$30,814 per square foot after discounts, and 34 units were sold as of 9 pm yesterday.

Meanwhile, Vanke Property (Hong Kong) released 47 flats in the third price list of The Campton in Cheung Sha Wan at an average price of HK$17,896 per square foot after discounts, 9 percent higher than the first price list. The cheapest 369-sq-ft flat was offered at HK$6.57 million, or HK$17,875 per sq ft after discounts. The Campton's first batch of 188 units was 37 times oversubscribed on Wednesday.

And Sun Hung Kai Properties (0016) received 7,000 checks for 298 flats at Wetland Seasons Park Phase 2 in Tin Shui Wai, 22 times oversubscribed. The second batch of sales will be launched on Saturday, worth over HK$1.8 billion in total after discounts. The cheapest flat, a one-bedroom unit, is offered at HK$3.98 million.

The project put 155 additional units on sale on Tuesday at an average price of HK$12,783 per sq ft.

Also, Henderson Land Development (0012) is launching sales of several large flats at Double Cove in Ma On Shan due to increasing demand, with seven such flats sold in the past two weeks. A 2,742-sq-ft show flat of Flat B on the 36th and 37th floor of Double Cove Starview opens today.

Meanwhile, the Town Planning Board has given the green light to SHKP on a residential development project in Lam Tei, Tuen Mun, offering 96 flats. The board previously rejected the application in 2018.

Elsewhere, the Urban Renewal Authority has announced the failed bids for the Tonkin Street/Fuk Wing Street Development Project in Sham Shui Po, which Chinachem won for HK$912.8 million. The lowest offer was only HK$288 million, with only three tenders offering more than HK$800 million.

In the secondary market, a prospective buyer forfeited deposits of HK$470,000 after calling off the purchase of a 484-sq-ft flat at Century Link in Tung Chung.

In other news, the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, up to 1.06441 percent.

 (The Standard)




土地註冊處資料顯示,上述為尖沙嘴海防道31號地鋪,於本月13日以10萬租出,以鋪位面積893方呎計,呎租約112元,租約至明年5月,租約期僅約1年,租戶為寶栢貿易有限公司(PROSPEX TRADING LIMITED),董事羅真雄。現場所見,該家租客已開門營業,售賣影音用品,手影碟及手機配件等,鋪面裝修簡單,與短租客甚至相似。















據土地註冊處資料顯示,原業主於2017年分別以8577萬及2376萬,合共1.09億購入,以公司名義東營魯方金屬材料(香港)有限公司,DONGYING LUFANG METALS MATERIAL(HONG KONG)COMPANY LIMITED持有,註冊董事為顏姓及崔姓人士,惟及後淪為銀主盤,最新成交價亦較購入價低約6.4%
















疫情受控 商舖交投低位反彈




宏安沽大圍舖 15年升值3








上環酒店基座餐飲樓面招租 每層約8







莊士上環兩舊樓強拍 底價3.3

莊士 (00367)旗下公司早前向土地審裁處申請強拍,位於上環結志街16號及18號兩幢舊樓,審裁處昨日(28)頒下判詞批出強拍令,底價為3.32億元。

申請人為FAVOUR DAY LIMITED;答辯人為10名業主。根據判詞指出,申請強拍大廈位於上環結志街16號及18號,一幢6層高大廈,包括地舖及住宅單位。

結志街1618 6層高大廈





華懋深水埗地中標價 高次標2.9%

財團搶市區地激烈 5標書出價差距10%





豉油街蚊型地價 高次標4.2%







觀塘天星中心全層 4750萬易手

觀塘工廈獲買家追捧,天星中心17樓單位以4,750萬元易手,買家為太陽娛樂 (08082)主席唐才智。


資料顯示,天星中心17樓全層,面積5,687平方呎,以4,750萬元成交,呎價8,352元。原業主於2012年以3,326萬元購入單位,帳面賺1,424萬元,升幅約42%。登記買家為Nextra Management Limited,公司董事為唐才智。


銀龍斥675 購南豐中心單位





國安法落實 地產界料短期影響微

暫未見外資退租 企業需時判






或影響入市信心 樓價難大跌









88 more Oma flats hit the market

Wing Tai Properties (0369) released 88 flats in the fifth price list of Oma by the Sea in Tuen Mun, at an average price of HK$13,746 per square foot after discounts, 9.5 percent higher than the first price list. The cheapest 338-sq-ft flat was offered at HK$4.44 million, or HK$13,133 per sq ft.

Meanwhile, Vanke Property (Hong Kong) sold all 188 flats on offer for The Campton in Cheung Sha Wan in only eight hours, raking in a total of HK$1.4 billion.

And Sino Land (0083) sold the last 3,070-sq-ft duplex at The Palazzo in Fo Tan to mobile game developer Terence Tsang Kin-ho for HK$80 million, or HK$26,059 per sq ft, while a 1,554-sq-ft duplex flat at La Cresta in Cove Hill sold for HK$36.63 million, or HK$23,571 per sq ft, by tender.

In the secondary market, Salenda Lau, the former general manager of sales and marketing at Sino Land, purchased a 2,579-sq-ft unit at luxury residential estate Hong Lok Yuen in Tai Po for HK$42 million, or HK$16,285 per sq ft.

And a 509-sq-ft flat at K.City in Kai Tak changed hands for HK$10.6 million, or HK$20,825 per sq ft, after HK$1 million was slashed from the initial asking price.

 (The Srandard)







據土地註冊處資料顯示,上址原業主於1988年以718萬購入,並採用公司名義TENG FUH COMPANY LIMITED,註冊董事為林姓人士,持貨32年,帳面獲利8882萬,物業期間升值約12.3倍。





























Tai Cheung secures Ap Lei Chau site for HK$1.3b

Tai Cheung (0088) won the tender for a residential plot on Praya Road in Ap Lei Chau for HK$1.33 billion, or HK$15,097 per buildable square feet, close to the upper end of market valuation.

Tai Cheung outbid 18 other developers; among them are Wheelock Properties, Hang Lung Properties (0101), New World Development (0017), Sino Land (0083) and Sun Hung Kai Properties (0016).

The site covers a total of 12,150.3 sq ft. The maximum gross floor area for private residential purposes that may be attained is 88,281.2 sq ft.

(The Standard)


$222m sale new high for Jardine's Lookout

A 2,848-square-foot unit at Dukes Place on Jardine's Lookout was sold through tender for HK$222 million, or around HK$78,000 per sq ft, with the per-sq-ft price hitting a new high at the estate.

The developers - Couture Homes Properties, Grosvenor Asia Pacific and Asia Standard International - have collected about HK$1 billion after selling five units at the project this year.

Dukes Place provides 16 units, measuring between 2,846 sq ft and 6,867 sq ft.

In the secondary market, a 3,804-sq-ft luxury house on 13 Stafford Road in Kowloon Tong is available for sale for HK$220 million.

A mainland investor suffered a loss of around HK$650,000 after selling a 381-sq-ft flat at Homantin Hillside in Hung Hom for HK$7.5 million, or HK$19,685 per sq ft, after slashing HK$2 million from the initial asking price.

A 363-sq-ft flat at Metro City in Tseung Kwan O changed hands for HK$6.8 million, or HK$18,733 per sq ft, after HK$100,000 was cut from the original asking price.

A 443-sq-ft flat at Telford Gardens in Kowloon Bay fetched HK$5.78 million, or HK$13,047 per sq ft, hitting a three-month low, according to property agency.

A 337-sq-ft flat at Sunshine City in Ma On Shan sold for HK$5.9 million, or HK$17,507 per sq ft, after HK$100,000 was cut from the first asking price, according to another property agency.

In the primary market, Sun Hung Kai Properties (0016) released 155 flats in the fifth price list at Wetland Seasons Park Phase 2 in Tin Shui Wai, at an average price of HK$12,783 per sq ft after discounts, about 12 percent higher than the first price list.

The cheapest 346-sq-ft flat was priced at HK$4.13 million. SHKP will put 298 flats for sale on Saturday.

The overall Hong Kong Interbank Offered Rate saw a pullback on Tuesday. The one-month Hibor, which is linked to the mortgage rate, dropped to 0.96369 percent.

(The Standard)


上環6重建項目 增建116萬呎商用樓面

上環近年有不少舊樓收購重建,成為區內新增商業樓面供應來源,區內6個重建項目,將提供約116.3萬平方呎樓面供應,包括早前永泰地產 (00369) 、資本策略 (00497) 等旗下的嘉咸街項目,獲批興建兩幢商廈及酒店,涉逾43萬平方呎樓面。


嘉咸街地皮 料建商廈及酒店


大鴻輝積極收購 涉約46萬呎樓面



至於持有干諾道西152號港島太平洋酒店的信置 (00083)黃氏家族,亦向屋宇署申請建築圖則,研究將項目重建成25層高商廈,可建樓面面積約14萬平方呎。該酒店在1999年開幕,樓高29層,共提供約343間客房。
















據土地註冊處資料顯示,上址原業主於2007年以公司名義洋帆有限公司(SAILING STAR LIMITED)購入鋪位,作價2320萬,註冊董事黃姓及姜姓人士,持貨13年,帳面獲利2130萬,物業升值約92%


資料顯示,李耀華近年頻頻入市,他於去年4月以約3980萬,購入觀塘協和街169號至197號合和大廈地下23號鋪,地下約600方呎,另加閣樓約600方呎,平均呎價6.63萬,租客分別為樂康軒閣樓及K2 SALON,月租10.25萬,料回報3.09厘。




Security law rattles homebuyers

Homebuyers are backing out of deals amid fears of a price slump sparked by Beijing's introduction of the new national security law, with K Wah International (0173) recording nine cases of forfeited deposits at Solaria in Tai Po, totaling HK$11.83 million.

The nine flats, measuring between 325 square feet and 597 sq ft, are offered at HK$6.28 million to HK$10.92 million.

Meanwhile, a prospective homebuyer forfeited deposits of about HK$380,000 after calling off the purchase of a 327-sq-ft flat at The Vertex in Cheung Sha Wan, which was offered at HK$7.69 million.

Another buyer gave up deposits of around HK$460,000 after canceling the purchase of a 484-sq-ft flat at Seaside Sonata in Sham Shui Po that was priced at HK$9.13 million.

In Tuen Mun, however, Wing Tai Properties (0369) sold a 619-sq-ft flat at OMA by the Sea for HK$10.05 million, or HK$16,244 per sq ft, a new high at the estate.

In the commercial property market, "Shop King" Tang Shing-bor is planning to sell five street shop premises in Yau Ma Tei, Shau Kei Wan, Prince Edward, Jordan and Wan Chai, respectively, worth about HK$1.5 billion in total.

In the secondary market, a 604-sq-ft flat at Serenity Place in Tseung Kwan O changed hands for HK$7.4 million, or HK$12,252 per sq ft, after HK$280,000 was cut from the initial asking price.

In Tsuen Wan, a 659-sq-ft flat at D Park fetched HK$10.8 million, or HK$16,388 per sq ft, after HK$1.2 million was cut from the original asking price.

Elsewhere, the overall Hong Kong Interbank Offered Rate saw a rally yesterday. The one-month Hibor, which is linked to the mortgage rate, increased to 1.13345 percent.

 (The Standard)


灣仔會展廣場辦公大樓 每呎50元放租


較去年4 減價3






名錶店Franck Muller 棄租銅鑼灣旗艦店

3層舖月租250 將搬回中環自置物

疫情加上社會事件,零遊客下鐘錶珠寶店持續收縮。瑞士名錶Franck Muller銅鑼灣霎東街3層旗艦店,月租涉250萬元,近日約滿決定遷出,放棄多層旗艦店,搬回中環新落成自置物業,以省卻開支。

位於霎東街15Oliv商廈基座部分,由瑞士名錶Franck Muller租用,近日品牌約滿並遷出,舖位正進行裝修工程,料將重新招租。該地段比鄰時代廣場,即使人流暢旺程度不及羅素街,仍有不少零售、飲食品牌落戶。

翻查資料,Franck Muller2015年,即Oliv入伙時,以250萬租用物業地下至3樓,面積約9,500平方呎,打造成複式旗艦店,甚具氣派。

創新概念 美食腕錶crossover

品牌開店時加入創新概念,把美食與腕錶品牌crossover,開設Francesco by Franck Muller日式意大利餐。品牌兩年前續約,上月約滿,相信因應市況轉差,品牌決定節省開支而放棄多層旗艦店,日後搬回中環自置物業。

金利豐朱李月華擔任該手錶品牌亞太區主席,而她於2014年,以16億購入中環皇后大道中35全幢,地盤面積約為2,805平方呎,現重建成一幢4萬呎寫字樓,近日正式落成,商舖部分保留作Franck Muller之用,將可省回大幅租金開支。

Franck Muller屬高級名錶,獲不少本港名人捧場,包括藝人張智霖2013年起擔任亞太區品牌大使,去年尾他亦出席品牌宣傳活動。


另外,Swatch Group旗下手錶品牌寶璣(Breguet),寶珀(Blancpain),均於尖沙咀1881商場租用大樓面舖位,月租合共約600萬元,集團亦放棄據點。

首季4大零售區 跌租顯著





疫情放緩 投資者趁機入市


近日投資市場氣氛轉好,亦出現數宗工商舖大額成交。過去一星期,最大手買賣為上環新紀元廣場中遠大廈地下、1樓及2樓之商業單位以及位於3樓之辦公室單位,以及車位,以5億元成交,買家為結好控股 (00064) 。該集團不時投資物業,如數年前以約3.5億元,購入紅磡商業中心全幢,其後加以翻新。



翻查資料,物業原由新世界 (00017) 持有,今年初於市場放售,意向價約9億元。其後因應市況轉差,商舖價值下跌,現減價逾4成沽貨。


優品360 購觀塘商廈自用

另優品360 (02360)日前宣布,以1.77億元,購入觀塘絲寶國際大廈11樓全層,面積約1.68萬平方呎,呎價約1.05萬元,項目連同3個車位。該集團表示,現時租用同區寫字樓,購入寫字樓作總部之用。事實上,該廈上月亦錄買賣,國際皮具品牌Coach,以約1.85億元,沽出觀塘絲寶國際大廈15樓全層,呎價約1.1萬元。




疫情影響承租力 藥房轉攻民生舖




元朗福德街 藥房12.8萬續租






1001 King's Road港島東全新項目

港島東成為近年新商業中心,鰂魚涌太古坊一帶有不少商廈供應,其中位於英皇道的1001 King's Road,新近落成,將為區內帶來新供應。

1001 King's Road由大鴻輝發展,屬銀座式商廈。項目前身為住宅金山樓,由集團於2014年以底價6.6億元,強拍統一鰂魚涌金山樓業權,並計劃投資12億元,重建成商廈。

1001 King's Road樓高25層,外牆為玻璃幕牆設計。物業電梯大堂需經由扶手電梯向上,顯氣派之餘亦更有私隱度。電梯大堂以樓層分流,每邊設有23部客用升降機,有效分流。而大堂亦設有2個小食店位置,設有來去水位,可作輕食店之用。





周邊甲廈 呎租約50餘元















此外,民生區鋪位亦備受追捧,再錄成交個案。市場消息指出,由資深投資者郭木財持有的大圍村南道139號富嘉花園地下01號鋪,作價約3300萬沽出。據土地註冊處資料顯示,上址原業於2004年以718萬購入,以公司名義寶島實業有限公司(TREASURE ISLAND INDUSTRIAL COMPANY LIMITED)持有,註冊董事分別為郭順成、郭立賢及郭創華,持貨16年帳面獲利約2582萬,物業期間升值約3.6倍。







據土地註冊處資料顯示,上址原業主於2011年以9450萬購入,以公司名義協弘有限公司(ALLIED WIDE LIMITED)登記,註冊董事為李慧敏、陸扣英及李維勳,故持貨9年帳面獲利約8150萬,物業期間升值約86%




















代理又說,由於物業落成時為一幢寫字樓,買家可以把現有的酒店拆卸,並回復作寫字樓用途,或將酒店房間裝修,重新定位為服務式住宅/共享生活空間Co-living Space等,將回報進一步提高。












該街道亦有飲品店「轉場」,大位搬細位,每月節省五萬,涉及為43H號登打士廣場地下6號鋪,建築面積約300方呎,以每月約11萬租出,租客來自同一條街道的KOI The台式珍珠奶茶。















九龍塘玫瑰苑申強拍 市值近10

多個市傳與新世界 (00017) 相關的舊樓收購項目申請強拍,當中九龍塘玫瑰苑收購至逾8成業權,市值約10億元。


項目佔地約38,960平方呎,屬「住宅(丙類)」用途,最高重建地積比3倍,可建樓面11.69萬平方呎,相較現有的總樓面5.9萬平方呎,多近一倍;再加上位處豪宅地段,鄰近的海棠路62號洋房項目,每伙的成交價達1.1億至2億元,呎價亦達45萬元,故此頗具重建價值。物業現時由BREMONT INVESTMENTS LIMITED申請強拍,消息指為新世界或相關人士。


新世界相關3項目 值逾17

按照測量師報告指,項目現時市值約3.66億元,而地盤面積約5,062平方呎,現時是「住宅(甲類)」用途,如果以地積比率9倍發展,可建樓面約4.5萬平方呎。項目由Rising Radiant Limited等公司申請強拍,市傳亦與新世界有關。




最後一宗,則為西半山西摩臺4號及羅便臣道62E號,現時估值約1.42億元,料為恒地 (00012) 或相關人士,該財團在羅便臣道一帶成功併購多幢舊樓項目。


鄧成波放售5商舖 意向價約15



油麻地舖1.88萬呎 叫價3.8





Hong Kong homebuyers enter the market, as developers dangle discounts to end nine weeks of slumping property sales

Hong Kong’s homebuyers came off the sidelines to nibble at more than 200 flats offered at two projects, as developers slashed prices to end nine consecutive weeks of sales flops.

Sun Hung Kai Properties (SHKP), the city’s most valuable developer, managed to sell 162 of 200 flats, or 80 per cent of units offered in the first batch of the second phase of its Wetland Seasons Park project in Tin Shui Wai as of 9:30pm after cutting prices by up to 18 per cent. Easyknit International found buyers for eight of 26 units at The Ayton in Kowloon with discounts of as much as 8 per cent, sales agents said.

The sales result, which still pales in comparison with launches six months ago, is a minor cause for relief among developers, as they struggle to find customers to commit to big-ticket financial commitments during Hong Kong’s worst recession in decades. The city’s property sales flopped for the sixth time in nine weeks last weekend, as investors find themselves spoilt for choices while the residential real estate market slumps under a combination of a supply glut and recessionary woes.

“There is increased appetite to buy Hong Kong property,” a property agent said. “With everybody unable to travel, it’s giving [buyers] more time to focus on the market and take advantage of some discounts.”

SHKP dangled discounts of up to 18 per cent to keep the average price at Wetland Seasons Park at HK$11,368 (US$1,466) per square foot, with apartments in the 699-unit complex ranging from 416 to 721 square feet. The cheapest flat was a 499-sq ft unit at HK$4.9 million.

“Wetland Seasons Park continues to be popular [among] buyers, especially younger customers, who make up about 80 per cent of the buyers,” another agent. “About 40 per cent of the buyers are investors.”

The Ayton, with sizes between 228 sq and 677 sq ft, were priced at HK$29,800 per sq ft. A 228-sq ft flat was offered at HK$6.6 million in the 60-unit project.

The weekend’s new launch of projects came amid heightened political tension in the city, following the proposed national security law by China’s legislature, which could undo the improving interest of residents in the city to buy property, agents said.

“Buyers are becoming more focused on Hong Kong over other markets and investing money at home over international markets such as the US, which is showing increasing aggression toward China,” the agent said. “However, we will have to wait [and] see if the sentiment holds with the proposed introduction” of the national security law in China, aqent said.

The Hang Seng Index fell to a near five-year low as Beijing prepared to vote on the law that would allow it to tighten its grip on Hong Kong. Investors are known to be more cautious and generally stay away from the real estate market when the equity market is down.

Reports from Chinese media quoted buyers saying that they were not worried about the proposed law.

A buyer surnamed Chong, who bought a four-bedroom unit at the Wetland Seasons for HK$14 million, reckoned the legislation would only have a “short-term” impact on the property market.

“Home prices will be determined more by supply instead of political reasons. If the government cannot solve the housing shortage, prices will increase further,” he said.

Another buyer, who also bought a four-bedroom unit for HK$18 million, said he liked the project’s location and noted that the property would be more expensive if it was in an urban district.

(South China Morning Post)
















19 tenders for Ap Lei Chau residential site

The tender for a medium-sized residential site, Ap Lei Chau inland lot No 137 at Ap Lei Chau Praya Road, which ended today, has received a total of 19 tenders.

CK Asset (1113), Sino Land (0083), New World Development (0017), Lai Sun Development (0488) and K&K Property, China Overseas Land and Investment (0688), K Wah International (0173), Kerry Properties (00683), Yai Cheung (0088), Grand Ming (1271), Chevalier International (0025), Kaisa (1638) and seven consortiums have tendered for the site.

This is the first site to be tendered in over three years in the district. The project has to be completed before March 2025. The market has valued to site at between HK$770 million and HK$1.41 billion.

Surveyors have valued the site at HK$1.06 billion, or HK$12,000 per square foot.

 (The Standard)


Hong Kong’s Urban Renewal Authority to build more than 3,000 flats at redeveloped Kowloon City site

Hong Kong’s Urban Renewal Authority (URA) on Friday took the wraps off its biggest-ever project, a plan they say will turn housing blocks once allocated for civil servants into more than 3,000 residential flats, a fivefold increase from the site’s current number.

The two pilot projects in Kowloon City, first proposed by Chief Executive Carrie Lam Cheng Yuet-ngor in 2018, are expected to entail more than HK$10 billion (US$1.29 billion) in acquisition costs as the authority goes about the process of negotiating with existing residents.

URA director of planning and design Wilfred Au Chun-ho said the site was chosen due to the age of the housing blocks as well as their low density, which has not fully maximised the available space.

Other advantages included the buildings’ location near existing public housing estates, lack of competing acquisition actions by private developers, and relatively large size.

“The redevelopment will generate about five times the number of existing flats, from about 600 to 3,000, boosting housing supply,” Au said.

That number will easily outdistance the ongoing Kwun Tong town centre redevelopment, which will produce about 2,300 units.

The two Kowloon City sites, which currently host an estimated 610 households, are located on Shing Tak Street and Ma Tau Chung Road, as well as Kau Pui Lung Road and Chi Kiang Street. The first has a total area of about 5,160 square meters and is expected to yield about 640 residential flats by 2029.

The second, much larger site – near the future To Kwa Wan MTR station – boasts an area of about 16,470 square meters, and will encompass 2,500 flats by 2030-2031. An unknown number of units, to occupy about a third of the area, will be reserved for public housing.

Au said the area’s revamp will also create a “better pedestrian environment and more liveable community” through replanning and landscaping. Wider pavements, an underground shopping street connected to the future MTR station and an underground car park providing some 400 parking spaces will be among the improvements.

The existing flats were built under the Civil Servants’ Co-operative Building Society Scheme, which was in operation between 1952 and the mid-1980s. The government granted land to those who formed co-operatives – usually at a third of market value – to build their homes.

The owners, however, cannot sell their properties unless at least 75 per cent of members agree to dissolve the society. An owner wishing to sell also needs to pay the government a land premium – defined as the difference in the value of the property before and after redevelopment.

Currently, many of the flats are run down and vacant. Most do not have lifts and some are occupied by ageing retired civil servants. But redevelopment plans with private developers in the past have stalled due to disagreements over the land premium.

Of the 238 civil servants’ co-operative building societies in Hong Kong, 191 have been dissolved but only 12 have been redeveloped.

The URA will facilitate the legal process of dissolving the cooperative societies and the property acquisition by providing free legal consultation services to the flat owners.

Affected owners living at the site will have the option of purchasing subsidised flats via the Hong Kong Housing Society or other flats provided by the URA.

Lawmaker Tony Tse Wai-chuen, who represents the architectural, surveying, planning and landscape sector, said the plan was long overdue, as the old civil servants’ homes represented a huge reservoir of housing resources the city could tap into.

“It should not take nine to 10 years to complete the reconstruction. The URA should speed up the process to relieve Hong Kong’s housing crunch,” he said.

Leung Tak-yee, a retired civil servant affected by the development, said she welcomed the plan as her property that was built in the 1960s suffered from many structural problems, including roof that leaked when it rained.

The 72-year-old, who bought the flat in 1992 and lives there with three family members, demanded more clarity from the government.

“I want to know how much I need to pay back to the government in terms of land premium, because my compensation may be worth a lot less and not enough for me to buy other homes,” she said.

 (South China Morning Post)


Mid-Levels flats as low as $4.8m hit market

Emperor International (0163) has launched the first batch of 30 units at Central 8 in Mid-Levels, at an average price of HK$29,820 per square foot. A 181-sq-ft foot unit only costs HK$4.88 million.

The prices of all 30 units are below HK$10 million. The cheapest 181-sq-ft flat is a studio unit on the fifth floor, with a per sq ft price of HK$27,006 after discounts. The average per sq ft price of this project is 0.6 percent lower than that of The Richmond's first batch.

Sun Hung Kai Properties (0016) has received around 10,000 purchase offers for Wetland Seasons Park Phase 2 in Tin Shui Wai, the highest so far among new projects this year. The project will launch sales for 200 units tomorrow meaing the batch was 49 times oversubscribed.

Altissimo in Ma On Shan, jointly developed by Country Garden (2007) and Wang On Properties (1243), will launch 115 leftover units on Sunday, with 66 of them offered by tender until August 19.

In the secondary market, a three-bedroom unit in The Belcher's was sold for HK$37.5 million or HK$32,780 per sq ft.

The Pacifica in Cheung Sha Wan has recorded eight transactions so far this month, with a 501-sq-ft flat selling for HK$8.88 million, or HK$17,725 per sq ft.

In the commercial market, a 470-sq-ft unit at a building on Sharp Street in Causeway Bay changed hands for HK$28.8 million or HK$61,227 per sq ft.

Hysan Development (0014) meanwhile is offering nine refurbished units at Bizhouse in Pak Sha Road as home offices, with a monthly rent of HK$19,000 to HK$40,000 while a 19,180-sq-ft office at Convention Plaza Office Tower is only asking for a monthly rent of HK$50 per sq ft.

In other news, the one-month Hong Kong Interbank Offered Rate, rallied for the second day, up 3.04 basis points to 0.62827 percent.

 (The Standard)


旺角舖2250萬售 56年升211

舖位月租6.2 享回報約3.3



新填地街地下連閣樓 呎價2






投資氣氛略轉好 工廈拆售趁勢推


近日市場上出現數個工廈拆售項目,代理表示,由THE BLOCK GROUP持有,位於葵涌永業街1420號華榮工業大廈7B室的工廈工作室項目THe BLocK近日重推單位放售。並錄得一宗買賣成交,該單位為B01室,面積約293平方呎,以逾142萬元售出,平均呎價約4,850元。

葵涌THe BLocK 95萬入場

THe BLocK共提供11個單位,面積約226431平方呎不等;項目已沽出2伙,餘下9間工作室待售,售價約95萬元至213萬元。


另外,理想集團的工廈工作室項目觀塘The Icon,近日加推單位放售,發展商同時推出全新「至理想」付款優惠,買家只需付兩成首期,即享有物業兩年使用權,變相成交期長達兩年,吸引買家入市,短短兩星期內已售出10伙;項目現餘下約20個精選單位,入場費由約274萬元起,呎價低至約7,100餘元。

觀塘The Icon 呎價近萬元

成交方面,近日The Icon中高層05室,工作室面積約279平方呎,以約276.6萬元沽出,平均呎價約9,914元。代理稱,短短兩星期累售10個單位,當中約四成是因新付款優惠計劃吸引,決定由租轉買。發展商見市場反應熱烈,遂加推約20個工作室,單位面積約279740平方呎,入場費由約274萬餘元起,平均呎價約7,100餘元至10,000餘元。

同區有另一工廈拆售項目,另一代理表示,位於觀塘怡生工業中心A3樓的塘K ONE 2項目,尚餘約30伙,單位面積約74299平方呎不等,入場費由約66.5萬元起,連同置業優惠等計算在內,呎價約6,300元。是次推售單位呎價對比早前開售價,減幅由約15%28%不等。






















Four-year Kowloon low for Vanke's new launch

Vanke Property (Hong Kong) has launched the first batch of units at The Campton in Cheung Sha Wan, offering 94 flats at an average price of HK$16,411 per square foot after discounts, the lowest in Kowloon in nearly four years.

The batch has offered 11 studio flats, 27 one-bedroom flats and 56 two-bedroom flats, ranging from 287 sq ft to 539 sq ft.

Wing Tai Properties (0369) will launch the sales of 108 units at OMA by the Sea in Tuen Mun on Sunday through a price list and will sell another 53 flats by tender from Monday.

The developer has sold 217 units for the project, worth a total of HK$1.13 billion.

Henderson Land Development (0012) will open the sales of Aquila Square Mile in Mong Kok on Sunday as well, offering at least 88 units, mainly one-bedroom.

After discounts, 17 of its units are below HK$5 million.

Meanwhile, Emperor International (0163) has named its serviced apartment project providing 99 units in the Mid-Levels as Central 8 and opened a show flat.

Elsewhere, Hip Shing Hong won the bid of an old building at Shau Kei Wan Main Street East at the reserve price of HK$804 million with no competitor.

In another bid, the redevelopment of an old building on Des Voeux Road West in Sai Ying Pun was awarded to Tai Hung Fai Enterprise at the reserve price of HK$700 million.

The Buildings Department approved 18 building plans in March, with five on Hong Kong Island, eight in Kowloon and five in the New Territories.

In the secondary market, a one-room unit at Corinthia by the Sea changed hands for HK$8.9 million, the second most expensive ever in Tseung Kwan O.

In Yuen Long, a 423-sq-ft flat at The Reach was sold to a first-time buyer for HK$5.8 million, or HK$13,712 per sq ft, after HK$200,000 was cut from the initial asking price.

 (The Standard)


16 MTRC projects to offer 22,000 homes

MTR Corporation (0066) chairman Rex Auyeung Pak-kuen said the company will launch 16 property projects in the next six years, offering around 22,000 units, while also revealing the company was facing heavy financial pressures amid the Covid-19 pandemic.

MTRC is still in discussions with the government about the proposed comprehensive residential and commercial development atop Siu Ho Wan Depot in Lantau Island, he said at the annual general meeting. The project is expected to provide around 14,000 private and public home units in the medium to long term.

The company has obtained the Consent Scheme for Phase 8 of Lohas Park in Tseung Kwan O and plans to apply to the scheme for Phase 10 of Lohas Park and the project atop the Tai Wai Station, which are expected to offer a batch of small- and middle-sized units, said property director David Tang Chi-fai.

Auyeung said risks brought about by the global economic slowdown, rising unemployment rates and decreases in tourism have heavily impacted the company's financial condition and also predicted these negative impacts could last longer.

MTRC's passenger revenue and advertising revenue both slid amid the pandemic, while the company also needed to provide rent relief for commercial tenants at MTR stations, he said, adding that a weak economy may also impact the valuation of its investment properties.

When asked whether MTRC's dividend distribution would be impacted by the outbreak and social unrest, Auyeung said the board would maintain its current dividend policy, which depends on the company's business performance, capital expenditures, and financial conditions. The company declared a final dividend of 98 HK cents last year, totaling HK$1.23 per share for 2019.

Auyeung mentioned that the company has expended railway projects in China, Europe and Australia, and stressed that the financial situation was still stable.

Meanwhile, MTRC appointed Bunny Chan Chung-bun as an independent non-executive director (INED) of the board.

Chan has over 30 years of experience in the garment industry and is the founder and chairman of Prospectful Holdings. He is also an INED of Li Ning (2331), Great Harvest Maeta (3683), Speedy Global (0540) and Glorious Sun Enterprises (0393). Chan is currently a member of the Hong Kong delegation to the National People's Congress of the People's Republic of China and the Council for Sustainable Development.

 (The Standard)














上環豫泰商業大廈多層 3.5億沽


















首季私樓685戶動工 10年同期新



















觀塘區內再有工廈推長成交期吸客,有代理表示,觀塘怡生工業中心A3K ONE 2項目,尚餘約30伙,業主推出「730置業好幫手」,買家於個半月內付20%樓價,餘款80%730日後繳付,期間差餉地租及雜費由業主負責,面積約74299方呎不等,入場費約66.5萬起,呎價低至約6300元。較201811月推售價,今次減價15%28%


早前觀塘The Icon推新付款方法,買家付20%首期入場,成交期長達2年,項目面積介乎279740方呎,入場價約274萬。



Hong Kong’s government can turn its ‘rotten luck’ on Kai Tak land sales into a windfall for building homes, analysts say

Hong Kong can end a string of “rotten luck” in its recent public land tenders involving the former international airport site in Kai Tak by converting them into residential use to ease the city’s chronic housing shortage, analysts said.

The conversion could help the government reach its annual land-supply targets while boosting its coffers, according to surveyor. The idea is overdue as other facilities in the area, such as the Sports Park, are springing up fast, real estate consultancy said.


The government has failed to find buyers in three commercial sites on the east side of Kowloon Bay for various reasons, crimping its revenues and ability to increase public housing. The stretch coincided with anti-government street protests and the coronavirus outbreak that sent the city’s economy into a recession.

“Selling land needs right timing and the government has had rotten luck in finding buyers for commercial sites in a poor economic climate,” a surveyor said. “The land conversion idea can help support its land-supply targets.”


Financial Secretary Paul Chan Mo-po broached the idea on May 14, a day after the government withdrew Site 4, Site 5(B) and Site 10 in Area 2A as bids came below its undisclosed reserve price. Four parties including Sun Hung Kai Properties and CK Asset Holdings had expressed interest in the first tender of the new financial year.

The government would consider converting the Kai Tak commercial sites for residential purposes, Chan said at a public event, without specifying any particular plot. The Civil Engineering and Development Department is conducting a technical feasibility, he added, without elaborating.

The May 13 tender was the third failed sale since Hong Kong carved up the former airport site into redevelopment parcels. The plot known as Area 4C Site 5 was withdrawn in January 2019, while Area 4C Site 4 failed to sell in a September retender exercise.

The three failed tenders have cost the government at least HK$21.2 billion in missed revenues based on estimates by three property surveyors. Covering a total area of 430,100 square feet (39,957 square metres), they can potentially add 4,000 new homes to the existing housing stock.

“The proposed change to residential will certainly receive general support from Hongkongers, given that the government has struggled to ease housing shortage,” surveyor said.

The former airport site has contributed its fair share to the city’s treasury since at least June 2013. In the just-concluded year to March 31, it contributed to a record haul of HK$110.07 billion from land sales, including other record-setting tenders. It could have been higher had Goldin Financial paid up, instead of walking away from its winning bid,

The last flight out of Kai Tak airport took place in 1998, a year after the handover to China, with the operations relocated to the reclaimed site on Chek Lap Kok island.

In a 2011-12 policy address, the government unveiled its vision of turning an area comprising Kai Tak, Kowloon Bay and Kwun Tong into the city's second core business district, to complement the bustling Central district and ease rocketing property prices.

The plan development for Kai Tak covers 328 hectares of land to accommodate 134,000 residents in 49,900 housing units. Five per cent of the site allocated for commercial use, 13 per cent for residential and as much as 30 per cent for open space.

Much still needs to be done after almost a decade.

The government had failed to meet its land supply targets in two of the past five years. In the financial year just ended on March 31, it provided land bank sufficient for building 12,190 flats, or 9 per cent below its aim. The government has set an average 18,800 units as its annual target from 2019 to 2023.

The cumulative shortfall in public housing, totalling 23,300 units since 2013, is equivalent to about two Taikoo Shing Estates on Hong Kong Island, according to report published by local think tank Our Hong Kong Foundation in April.

Property developers have been reluctant to place big bets given the large investment outlay and long gestation period, surveyor said. Converting them into residential use is “a better option” and could generate a windfall to the city’s coffers, the surveyor added.

Residential plots in Kai Tak can fetch up to HK$11,000 per sq ft, almost double their valuation as commercial sites, Lam estimated.

“The [Kai Tak] site cannot wait any more,” the surveyor said. “The Sports Park nearby is going to launch very soon. It makes no sense to let such a big site nearby sit empty when the park makes its grand debut.”

 (South China Morning Post)


Cheung Kong wins starter-home site for $4.95b

A site on Anderson Road in Kwun Tong, where at least 1,000 starter home units shall be developed, has been awarded to CK Asset (1113) for HK$4.95 billion, or HK$4,546 per buildable square foot, at the lower end of market valuation.

CK Asset said it is pleased that the group won the bid and it hopes to contribute to the SAR's housing supply through such development projects. Surveyors previously valued the site between HK$4.6 billion and HK$7.1 billion, or HK$4,200 to HK$6,500 per buildable sq ft.

The price shows developers are bearish on the market, a surveyor said.

The site with development limitations earlier only received nine bids, including ones from China Overseas Land & Investment (0688), Sino Land (0083) and Wheelock Properties.

All residential units to be built should range from 250 sq ft to 500 sq ft in saleable area, among which 20 percent shall be studio units, 25 percent shall be one-bedroom units and 55 percent shall be two-bedroom units.

After the developer obtains the occupation permit, the government will randomly select no less than 1,000 starter home units, including 200 studio units, 250 one-bedroom units and 550 two-bedroom units.

The developer is required to offer these starter home units for sale at 80 percent of market price to eligible applicants.

In 2018, Chinachem won another plot of residential land at Anderson Road for HK$3.11 billion, in which the Buildings Department allowed four residential buildings to be built on the site.

Elsewhere, CHFT Advisory and Appraisal valued the residential site on Praya Road in Ap Lei Chau at HK$1.18 billion to HK$1.22 billion, or HK$12,400 to HK$13,000 per buildable sq ft.

Meanwhile, a 242-sq-ft flat at Amoy Gardens changed hands for HK$5.12 million, or HK$21,190 per sq ft, hitting a new high at the estate, according to property agency.

In the primary market, Sun Hung Kai Properties (0016) released 123 flats in the third price list of Wetland Seasons Park Phase 2 in Tin Shui Wai, at an average price of HK$12,639 per sq ft after discounts. The developer will launch 200 flats for sale on Saturday.

And Vanke Property (Hong Kong) will tomorrow open show flats of The Campton, which offers 467 units.

In other news, the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, slid for seven days in a row, down by 2.45 basis points to 0.59101 percent.

 (The Standard)
















疫情影響 灣仔乙廈呎租低見20


新銀集團中心呎租 十年新低






舊樓重建增 灣仔添186萬呎商用樓面


合和中心2 建綜合商業大型項目


目前區內共有6個重建項目,合共提供約186.2萬平方呎新商用樓面,包括區內兩大地主太古地產 (01972) 及合和均積極在區內擴展版圖。當中合和以皇后大道東的合和中心為根據地,向周邊進行收購重建,而規劃逾30年的合和中心2期項目亦已展開,將會興建成酒店、辦公室及零售的綜合商業大型項目,可建樓面約109.4萬平方呎。而比鄰的皇后大道東153167號項目,將會興建1幢小型銀座式商廈,以配合合和中心1期及2期的發展,估計項目最快於20212022年分別落成。


太古重建項目 2023年落成


另外,友邦保險 (01299) 亦將位於司徒拔道1號的總部友邦大廈,重建成118層高連4層地庫的商廈,樓面涉約25.5萬平方呎,預計重建後會保留為集團自用,估計需時約4年。

至於鄰近港鐵灣仔站的軒尼詩道及駱克道一帶不少舊樓物業林立,新地 (00016)則就天樂里附近的祥樂大樓統一全數業權,將計劃重建作寫字樓發展,涉及可建樓面約13.1萬平方呎。



土瓜灣舊樓 中資財團申強拍

梁朝偉擁1舖位 估值839萬較購入跌4






另外,旺角利奧坊曦岸近期推售,發展商恒地 (00012)亦加快同區的舊樓收購,就大角咀道177191號申請進行強拍,將會作為利奧坊第7期項目。該批舊樓樓齡63年,市值約3.9億元,已收購89成業權,可建樓面約8.1萬呎,估計可提供約200多伙,據知已經規劃作為利奧坊第7期。




Sentiment brightens as luxury homes move on

More luxury homes have been sold, including two units in Dukes Place at Jardine's Lookout for HK$438 million, a unit at Trafalgar Court for HK$90 million and a house in Kowloon by China Overseas Land & Investment (0688) for HK$153 million as market sentiment brightens.

Dukes Place is jointly developed by CSI Properties (0497) subsidiary Couture Homes Properties, Asia Standard International and Grosvenor Asia Pacific.

A total of 980 primary home units have been sold this month with a recovery in the property market, the largest number in a month since the Covid-19 outbreak. However, the would-be buyers of 12 new flats have forfeited their deposits in May.

Chevalier International (0025) has named its new project at Tai Kok Tsui, jointly developed with the Urban Renewal Authority, as Sablier.

The project offers 144 home units, more than 60 percent of them single-room flats.

Wing Tai Properties (0369) has released the fourth price list of its Oma by the Sea in Tuen Mun, offering 108 units at an average price of HK$13,416 per square foot after discount.

In the secondary market, the owner of a 1,510-sq-ft duplex apartment at Starcrest in Wan Chai lost more than HK$10 million after selling it for HK$54 million.

The one-month Hibor, meanwhile, dropped by 2.89 basis points to 0.61554, the lowest in more than two-and-a-half years.

In the shop rentals market, Milan Station (1150) rented out a shop on Wellington Street with a 20 percent higher rent. Oriental Watch (0389) continued to rent a shop in Hysan Plaza.

Ten percent of respondents believe it is a good time to buy property, the highest in nine years, while 57 percent expect home prices to fall in the next 12 months, a sharp increase of 15 percentage points before the Covid-19 pandemic, says Citi Hong Kong.

Property prices are expected to fall between 7.5 percent and 10 percent this year, but the impact will be slightly less than what was witnessed during the 2003 SARS epidemic.

 (The Standard)


港島核心區優質乙廈 交投量將轉活











交投聚焦長沙灣 新甲廈料受捧



第一集團 今年購入兩工廈


財團購入工廈日後重建,事實上,本港大型發展商近年積極吸納長沙灣商業地盤,新世界 (00017)更是積極在長沙灣投地,20162月,先以約78億元購入瓊林街商貿地,每呎樓面地價約7,808元,同年5月再下一城,斥資逾40億投得近長順街商業地。20178月更以29.6748億元投得永康街商貿地,三幅地皮共涉樓面約190萬平方呎,涉資約150億元。















New homes hit the market as nano flats feel the heat

A property agency recorded 19 secondary transactions at ten major housing estates over the past weekend, down by 13.6 percent week-on-week, as developers continued to launch new home sales in the primary market, while rents of nano flats came under downward pressure.

Laguna City in Kwun Tong and Metro City in Tseung Kwan O recorded no secondary transactions at all.

In Fanling, a 520-sq-ft flat at Fanling Centre changed hands for HK$7.18 million, or HK$13,808 per sq ft, after HK$20,000 was cut from the asking price.

In the primary market, Sun Hung Kai Properties (0016) released 70 flats in the second price list of Wetland Seasons Park Phase 2 in Tin Shui Wai, at an average price of HK$11,779 per sq ft after discounts, 3.6 percent higher than the first price list.

The first two batches of the project have been oversubscribed 8.5 times with around 2,000 checks received for 210 units.

Meanwhile, around 2,000 prospective buyers for Aquila Square Mile in Tai Kok Tsui, visited the project's show flats located in Central, between Friday and yesterday.

And in Yuen Long, Road King Infrastructure (1098) sold 11 flats at Crescent Green over the past three days.

Property agency expects the number of primary transactions to hit 2,000 this month.

But there were also two cases of forfeited deposits of around HK$220,000 and HK$300,000 after purchases of two flats at Emerald Bay in Tuen Mun were canceled.

The HK$220,000 forfeiture involved the would-be purchase of a 229-sq-ft studio flat at Emerald Bay Phase 1, which was priced at HK$4.37 million. The HK$300,000 forfeiture related to a 372-sq-ft flat at Emerald Bay Phase 2 that the purchaser had agreed to buy this month for HK$5.95 million.

In the rentals market, rents of micro flats came under downward pressure. A 166-sq-ft studio at AVA 55 in Kowloon City was rented for only HK$8,000 a month, or HK$48 per sq ft.

And in Pak Shek Kok, a 248-sq-ft studio flat at Solaria was let for only HK$8,900 last month, or HK$36 per sq ft, after HK$2,100 was cut from the asking price. The rental yield was only 2.1 percent per annum, as the owner purchased the unit for HK$5.15 million in 2018.

 (The Standard)















消息人士透露,中環泛海中心的大手租客,瑜伽公司PURE YOGA將其承租的6全層樓面,推出放頂租。 

上址為皇后大道中59號至65泛海大廈151720212223樓,共6全層樓面,共涉逾3萬呎,由PURE INTERNATIONAL (HONG KONG)LIMITED承租。記者現場所見,上述部分樓層為寫字樓,部分放置雜物,至於該廈2樓則為瑜伽學校。本報向該廈大業主查詢,泛海集團執行董事關堡林回應,該數層屬租客後勤部門,他們有意遷工廈節省成本,至於位處低層樓面的學校,則繼續租下去。本報亦向PURE YOGA查詢,惟直至截稿時未獲回覆。


有代理透露,PURE YOGA大約於2012年進駐該廈,至今八年,上址目前最新平均呎租逾45元。




Hong Kong’s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options

Hong Kong’s property sales flopped for the fourth straight weekend, as homebuyers turned their backs on unsold projects to wait for better discounts, amid a real estate slump in the city’s worst economic contraction in decades.

Wheelock Properties sold 13 flats, or 13 per cent of the 101 units on offer at its Grand Marini project in Lohas Park as of 6:45pm, sales agents said. The same project was 90 per cent sold two months earlier, with 18 potential buyers vying for every available unit then.

“These are leftover stock,” property agent said, adding that prices of the latest phase had been gradually raised after the successes of the previous sales. “Buyers are adopting a wait-and-see attitude, in anticipation of CK Asset’s upcoming project” that is expected to launch in the same neighbourhood in June, the agent said.

The reversal of fortune for Wheelock’s Grand Marini over two months underscores how Hong Kong’s residential property is becoming a buyers’ market, as investors hold out for the best deals amid a glut of choices. The city’s monthly average home price has fallen by 7.6 per cent from its peak in June 2019, tracking the economic contraction that saw Hong Kong’s first-quarter growth shrinking by 8.9 per cent compared with last year, according to property agency’s index.

Average home rent had also fallen, as rising unemployment weighed on demand in the residential property market. Average rent fell for nine consecutive months, or by a cumulative 12.1 per cent, to HK$33.3 per square foot in April, according to the property agency, which tracks prices in 107 private housing estates across Hong Kong.

Transactions in the world’s most expensive home market slowed to a trickle. The total amount of stamp duty collected, which reflects investment demand in the property market, fell 17.7 per cent in April to a record low of a mere HK$560 million, the sixth consecutive month of declines, according to the Inland Revenue Department.

The number of homes eligible for buyer’s stamp duty, liable for non-local and corporate buyers, also slid for six months to a record low of 41. The number of homes eligible for double stamp duty, liable for those who own at least one home, plummeted 29.5 per cent to a record low of just 105.

A flat measuring 234 sq ft at Lee Bo Building in Tuen Mun sold at just HK$2.35 million recently, 34 per cent below market price and back to 2015 level, according to property agent.

Prices of the latest batch of Grand Marini flats, at HK$16,803 (US$2,167) per square foot, had risen 10.3 per cent since the apartment project was launched in September 2019, putting it further out of sync with the downward trend.

It hadn’t always been like this. The Montara and Grand Montara projects, also developed by Wheelock in the same neighbourhood, sold out during their initial launches in May and June last year. Wheelock’s Malibu project managed to sell all 750 flats over two days in March 2018.

Sales started to stall in August and September last year when anti-government protests started to wreak havoc on the city’s economy and property sales. Wheelock’s Marini sold just 87 per cent of units, and Grand Marini found buyers for 73 per cent of the flats during their initial launch.

CK Asset, one of the city’s biggest developers, is poised to launch its Sea to Sky project, comprising 1,422 flats, in Lohas Park next month.

CK Asset is likely to be joined by Sun Hung Kai Properties (SHKP), Henderson Land Development, Vanke Holdings (Hong Kong), Wing Tai Properties and the Easyknit Group, as they rush to launch new projects after suspending them for two months during the coronavirus outbreak.

The abundance of options will almost certainly lead to discounts. Wing Tai has already discounted the first batch of its Oma by the Sea flats in Tuen Mun by 10 per cent compared with prices of new projects nearby, according to property agency.

(South China Morning Post)

140 Yuen Long flats hit market

Sun Hung Kai Properties (0016) yesterday released 140 flats in the first price list of Wetland Seasons Park Phase 2 in Yuen Long, at an average price of HK$11,368 per square foot after discounts.

The cheapest flat, at 418 sq ft, was offered at HK$4.83 million, or HK$11,561 per sq ft, after discounts.

And in Ma On Shan, Henderson Land Development (0012) will sell 15 units at Double Cove by tender tomorrow.

Meanwhile, apparel manufacturer Crystal International (2232), which produces the reusable "CuMask" for the SAR government, will redevelop its building on 71 How Ming Street in Kwun Tong.

The six-story Crystal Industrial Building has a site area of 13,688 sq ft. With a relaxed plot ratio of 14.4, the gross floor area could measure 197,107 sq ft.

Crystal applied to the Town Planning Board last year to convert the block into a 34-story commercial building.

The SAR government has revived its revitalization scheme for industrial buildings, which allow owners of older industrial buildings to apply for a conversion of building use.

To encourage owners to redevelop industrial buildings built before 1987, the government relaxed the plot ratio by up to 20 percent.

Elsewhere in the secondary market, property agency reported 171 transactions at ten major housing estates in the first half of May, up by 76 percent month-on-month.

(The Standard)
















EPRC經濟地產庫資料顯示,深水埗醫局街221233號舊樓,錄得33宗住宅和6宗商舖成交,共涉約5.7億元,住宅收購呎價高約1.73萬元,估計已收購項目逾8成業權,符合強拍門檻。新買家為AMBER SHINE LIMITED,為海外註冊公司。



另外,上環文咸東街98號連錄4宗成交,涉資約5,830萬元,新買家為CERANA LTD,不排除為財團收購活動。
























Leighton Hill luxury flat goes for $240m

A 3,071-square-foot luxury flat at The Leighton Hill in Happy Valley changed hands for HK$240 million, or around HK$78,150 per sq ft, as more new projects hit the market.

The vendor made a paper gain of about HK$193 million after holding onto the property for 20 years.

In other secondary sales, a 761-sq-ft flat at Tierra Verde in Tsing Yi sold for HK$15.78 million, or HK$20,736 per sq ft, hitting a new high at the estate, according to property agency.

And an 809-sq-ft flat at Taikoo Shing in Quarry Bay fetched HK$17.2 million, or HK$21,261 per sq ft, after HK$300,000 was cut from the initial asking price.

In the primary market, Wing Tai Properties (0369) released 52 flats in the third price list of Oma by the Sea in Tuen Mun, at an average price of HK$12,851 per sq ft after discounts. The developer will be putting 268 apartments from the first three price lists on sale on Sunday.

In Tin Shui Wai, Sun Hung Kai Properties (0016) released 140 flats at Wetland Seasons Park Phase 2, at an average price of HK$11,368 per sq ft after discounts.

The cheapest flat, at 418 sq ft, was offered at HK$4.83 million, or HK$11,561 per sq ft, after discounts.

Meanwhile, there were seven forfeiture cases in the primary market this month, local media reported. Among them, a buyer forfeited deposits of HK$290,000 after walking away from a 321-sq-ft flat at Emerald Bay Phase 2 in Tuen Mun priced at HK$5.72 million.

In other news, the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, fell to 0.70893 percent, a two-year low.

(The Standard)










啟德商地疫下流標 年半第3



疫情令經濟不穩 出價保守







新世界長沙灣甲廈 擬下月推

樓市氣氛轉好,發展商即推住宅及工商新盤。消息指,新世界 (00017) 料快推出長沙灣荔枝角道888號甲廈項目,預計呎價約1.3萬元起。










商廈市場亦錄成交個案,消息指,旺角皆旺商業大廈高層05室,面積約436方呎,作價399萬成交,呎價約9174元。據土地註冊處資料顯示,上址原業主於1995年以225.7萬購入,公司名義為華中遠東有限公司(CENTRAL CHINA FAR EAST LIMITED),註冊董事為葉姓人士,故持貨25年帳面獲利173.3萬,物業期間升值逾七成。






‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city

The Hong Kong government on Wednesday withdrew a commercial plot for sale at the site of the city’s former airport at Kai Tak following a tepid response from bidders, as the city’s worst economic contraction in decades amid the coronavirus pandemic deters developers from long-term investments.

The plot, which can yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because property developers’ bids “failed to meet the government’s reserve price”, according to a statement by the Lands Department. It is the second-largest commercial parcel of land in Kai Tak.

Kai Tak Area 2A Site 4, Site 5(B) and Site 10 is located near the proposed Sung Wong Toi MTR station and the Kai Tak Sports Park. Valuers had cut their estimate for the plot by as much as 20 per cent, to a range between HK$6.38 billion (US$823.2 million) and HK$10.44 billion. The Lands Department’s reserve price was “out of touch” with the wider market, one of them said on Wednesday.

The withdrawal, the third involving a commercial plot at Kai Tak and fourth overall in Hong Kong since January 2018, underscored the depressed mood in the world’s most expensive real-estate market, with the economic aftermath of the coronavirus pandemic adding to business disruption stemming from almost a year of anti-government protests.

“The withdrawal is disappointing. It reflects the big difference between developers and the government”, when it comes to the outlook for Hong Kong’s commercial market, agent said.

Hong Kong’s economy shrank by 8.9 per cent year on year in the first three months of 2020 for its worst quarter on record. It was also a second successive quarterly contraction, which confirms that the city’s economy is in recession. Home prices have retreated by 8.1 per cent on average from a peak in June 2019, according to the property agency, with some consultants predicting as much as a 20 per cent slide by the end of this year.

“The government overestimated the [parcel’s worth]. The market has corrected, but the [reserve] price was not in line with the market,” surveyor said.

The surveyor gave the example of a transaction at Silver Fortune Plaza in Hong Kong’s Central district, where prices had fallen by about 20 per cent since last year.

“I’m not surprised. The land is too big,” another agent. “The government should have carved [the plot] into three smaller parcels. It’s too much for one owner to take it all.”

The agent said a complicated plan had dampened developers’ appetite. “It looks like three sites. There are roads going through it. Underground work is also needed. I think it is so complicated. Nowadays, in Kowloon East, [developers] will not pay a high price for such a large commercial parcel,” the agent said, adding that the withdrawal would “weigh further on the Kowloon East commercial market”.

“The land office is not sufficiently aware of the market. Its reserve price is out of touch with the market,” the agent said.

The Kai Tak site will take years to mature, and developers had been conservative in their bids in an environment of increased uncertainty and risk amid the coronavirus pandemic, another surveyor said.

The site had received four bids, from Sun Hung Kai Properties, Hong Kong’s biggest developer by value, CK Asset Holdings, which was founded by tycoon Li Ka-shing, K&K Property and a consortium of Sino Land and Lifestyle International Holdings, when the tender closed on May 8.

 (South China Morning Post)


麒豐資本申重建 觀塘王氏大廈

由莎莎 (00178)太子爺郭浩泉等組成的麒豐資本,早前完成收購的觀塘鴻圖道33號王氏大廈,近日向城規會申請放寬地積比率2成,擬興建31層高新式工廈,總樓面約14.9萬呎。

該工廈鄰近新地 (00016)九巴車廠重建項目,對面是麒豐資本鴻圖道32號甲級寫字樓項目,麒豐資本先以3.3億元收購4層樓面,之後再夥同其他業主一同收購,最終在今年2月統一業權。


麒豐資本由莎莎國際郭少明兒子郭浩泉、前宏基資本 (02288) 副總裁洪英偉等共同創辦。













據土地註冊處資料顯示,上址為中環安蘭街1819樓全層,於上月17日以7375萬易主,以全層面積2448方呎計,平均呎價約30127元,新買家以公司嘉倡投資有限公司(TOP MARVEL INVESTMENT LIMITED),該公司註冊董事名為傅厚民(FU HAU MAN ANDRE)及唐少傑(PETER TONG),前者為澳門前賭王傅老榕後人及本港著名設計師。



























Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook

A Hong Kong developer has suffered the biggest loss on a land sale in the city’s history, offloading a residential plot at Kai Tak to raise cash to help it weather a market slump caused by the coronavirus pandemic.

Goldin Financial Holdings, controlled by billionaire Pan Sutong, has agreed to sell the plot at the site of the former international airport for an estimated loss of HK$2.57 billion (US$331.56 million). It cited the uncertain market outlook as the city’s economy suffers a massive blow from the Covid-19 outbreak.

The company’s pullback represents a damning verdict on the outlook for the market, with valuations pummelled by months of anti-government protests, before the outbreak of coronavirus this year darkened the gloom. The former airport strip has now been associated with several deals that burned developers seeking a slice of action the world’s most expensive real estate market.

A loss on this scale from reselling government land was unprecedented, surveyor said.

“Very few land parcels change hands,” the surveyor said. “The market has reversed, and Kai Tak really has a higher risk as the supply there is relatively high. Land value there will drop more than land in urban areas such as Kwun Tong and Sham Shui Po.”

Goldin is selling the plot, called Kai Tak 4B Site 4, for HK$7.04 billion, having paid HK$8.91 billion, or HK$15,497 per square foot, for it in November, 2018. When its initial investment and finance costs are taken into account, the loss amounted to about HK$2.57 billion, according to a company filing to the Hong Kong stock exchange on Monday.

The resale price translates to HK$12,250 per square foot, bringing it back to a level last seen at Kai Tak in March, 2017.

“Considering the preliminary stage of development of the property and the significant capital required for the project, the directors adopted a prudent approach to retain more cash for the group’s existing business, against the uncertain outlook in the property market and the overall economic downturn in Hong Kong,” said executive director Shirley Hui Wai-man in the company statement.

“The proceeds from the disposal would be primarily used to reduce the group’s borrowings, thereby enhancing its financial flexibility as a whole.”

Hong Kong’s economy shrank 8.9 per cent last quarter from a year earlier, the worst on record. Home prices in the world’s least affordable housing market have retreated by 5.4 per cent on average from the peak in May last year, with some consultants predicting as much as a 20 per cent slide.

“The value of commercial land now is different from before. The economy now is very different, with the pandemic, the intensified US-China trade war, the social [unrest] – a combination of several negative factors,” property agent said.

Goldin announced a loss of HK$482 million for the six months to December, 2019, due to lower revaluation gains on investment properties and higher finance costs. That compared to a profit of HK$1.14 billion a year ago.

The buyer of the Kai Tak plot is an investment holding firm, Top Family Group, according to the announcement.

Goldin’s shares opened 3.52 per cent higher on Monday at HK$1.47 in Hong Kong after the firm announced the loss-making deal, before slipping back to close 2.1 per cent lower, at HK$1.39.

The sale comes 11 months after Goldin rescinded its HK$11.1 billion (US$1.42 billion) winning bid for 4C Site 4 at Kai Tak, forfeiting a HK$25 million deposit on the site.

The company abandoned the site because of “social contradiction and economic instability”, according to an announcement in June when lawmakers were preparing to vote on the city’s contentious bill allowing extradition of criminal suspects to the mainland.

More than a million Hongkongers, according to organisers, then took to the streets to protest against the bill, a rally that kick-started months of civil unrest that dealt the city a massive economic blow.

Goldin’s chairman, Pan, is ranked No. 22 on the Forbes Hong Kong Rich List this year with a net worth of US$4.2 billion.

HNA is another developer to incur losses from reselling plots at Kai Tak to raise much-needed cash.

Last February, Hong Kong International Construction Investment Management Group, the listed unit of the Hainan-based HNA Group, sold Area 1L Site 2 to Wheelock Properties for HK$6.89 billion, representing a loss of HK$550 million, reflecting the slowdown of the residential property market in Hong Kong, according to a company filing.

HNA bought the plot in March 2017 for HK$7.44 billion, or HK$13,500 per square foot on the basis of gross floor area of 551,134 square.

(South China Morning Post)


Mysterious buyer helps Goldin out with $7b deal

Goldin Financial (0530) has offloaded a 9,708-square-meter residential site in Kai Tak at a loss of about HK$2.57 billion to retain more cash amid a sluggish local economy wrecked by the Covid-19 pandemic.

Goldin sold the plot, namely Kai Tak Area 4B Site 4 to Top Family Group for HK$7.04 billion, the developer said yesterday.

Goldin acquired the site for HK$8.9 billion or HK$15,500 per sq ft in November 2018.

It was the last plot that Goldin held on the former Kai Tak airport's runway.

The funds will be used to repay borrowings and for general working capital, Goldin said.

It said the property development market in Hong Kong remains uncertain in the long run, so the management adopted a prudent approach to retain more cash for the existing business.

Wheelock Properties managing director Ricky Wong Kwong-yiu said the selling price of the Kai Tak site is in line with the market price, expecting local home prices will slightly rise in 2020.

Goldin Financial recorded a net loss of HK$478 million for the second half last year.

The sale also came 11 months after Goldin Financial won the tender for a nearby commercial plot 4C Site 4 for HK$11.12 billion, or more than HK$12,800 per sq ft in May last year.

However, one month later, it forfeited a HK$25 million deposit by walking away from the commercial site, as the Sino-US trade war rattled the property market.

Later, in September, all five bids made for this site were rejected by the government, as they did not meet the reserve price.

Kai Tak, which had been left vacant after the SAR's airport relocated to Chek Lap Kok in 1998, has since been planned to be redeveloped into Hong Kong's second main business district.

Two residential plots on the runway of Hong Kong's former international airport in Kai Tak will be offered for sale in the current fiscal year, with one of them valued at up to HK$10.4 billion.

Kai Tak Area 4E Site 2 measures approximately 117,900 square feet. Market surveyors value the plot at between HK$9.1 billion and HK$10.4 billion, or between HK$14,000 and HK$16,000 per buildable sq ft.

The adjacent Kai Tak Area 4E Site 1, which measures approximately 59,700 sq ft, with a total floor area of 328,400 sq ft, has a market valuation of between HK$3.9 billion and HK$4.3 billion, or between HK$12,000 and HK$13,000 per buildable sq ft.

(The Standard)


Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus

Hong Kong’s major landlords of premium office space in Central are cutting rents by more than a third – returning them to 2017 levels – as the sharp economic contraction caused by the coronavirus forces corporate tenants either to downsize or move somewhere cheaper.

The vacancy rate in Central, the world’s costliest office market, climbed to a six-year high of 4.4 per cent in March, property agent said.

Taking advantage of the lower rent, mainland Chinese private equity investor Hony Capital has leased 10,000 square feet at the 88-storey Two International Finance Centre – the city’s second-tallest office tower – for HK$130 per sq ft, about 35 per cent lower than the building’s peak rate in 2017, according to market watchers.

The new lease will cost the Beijing-based firm, a unit of investment holding company Legend Holdings, a monthly rental of HK$1.3 million. The firm is downsizing by 23 per cent from its 13,000 square foot office at Exchange Square. The average asking rent at Exchange Square was HK$150 per sq ft at the end of April, according to property agent.

About a 15-minute walk from TWO IFC, another company took up 4,000 square feet of office space at The Center for HK$55 per sq ft per month, the lowest rate since April 2016 in the world’s most expensive building.

“Our figures show Central’s grade-A office rents have dropped 9.2 per cent in the first three months and we expect it will drop 25 to 30 per cent this year,” property agent said.

Decentralisation for more cost-effective options remains a key trend this year as tenants control real estate costs during uncertain times, agent said.

“The Covid-19 outbreak brought more uncertainties to business prospects, which inevitably cast a shadow on the real estate plans of corporates. We forecast a cycle of moderating leasing activity in Hong Kong with short-term cost rationalisation overtaking long-term planning,” the agent said.

“Leasing demand was moderate over the last few months as tenants have adopted a wait-and-see attitude.”

Hong Kong’s economy shrank 8.9 per cent last quarter from a year earlier, the worst on record, the government said last week. Unemployment rose to a near 10-year high of 4.2 per cent in March as most companies either asked staff to take unpaid leave or laid them off to save costs.

Rental decline in the office market continued to worsen in the first quarter of this year as a result of higher vacancy rates across all major office submarkets amid weakened leasing demand, the agent said.

“Previously, the office leasing market in Central was dominated by mainland banks and finance companies which pushed rents at IFC to above HK$200 per square foot. Now, companies actively looking for spaces are those local firms either planning to relocate to cheaper buildings or downsizing,” another agent said.

The agent believes the correction in office rents in Central is not yet over.

“Some landlords are even offering rent-free periods to retain existing tenants when their leases are due for renewal,” the agent said.

(South China Morning Post)















灣仔樂基中心 人流旺合樓上舖用







去年10月錄成交 呎租30








































此外,該代理指出,受疫情影響,料九龍區商廈租戶將出現「洗牌」效應,加速企業遷出核心區外,現時九龍區內甲廈空置率約9%,並預測今年年中將達10%(雙位數),將創過去十年以來新高水平,當中以油尖旺為重災區,市場自去年中起受多項不明朗因素困擾,企業營商取態變審慎。更因為近期受疫情影響,HOME OFFICE漸成市場大風氣,令核心區地利優勢進一步減弱,造成部分企業將遷出油尖旺,轉戰東及西九龍,故空置率攀升會以核心區為主。




Goldin Financial offloads Kai Tak residential site at HK$2.5b loss

Goldin Financial Holdings (0530). which is involved in real estate and winery business, said it will sell a Kai Tak residential site of 9,708 square meters to Top Family Group Limited.

The net proceeds from the disposal are about HK$7.04 billion. The group expects to record a loss arising from the disposal of about HK$2.571 billion.

The proceeds from the disposal would be mainly used to reduce the group’s borrowings to improve financial flexibility as a whole, the group said.

The group said it has an outstanding amount of HK$3.56 billion obtained from different banks and financial institutions for financing the payment of the land premium and the estimated construction costs for developing the property.

 (The Standard)


共享空間WeWork 棄租20萬呎樓面

尖沙咀觀塘兩據點已裝修 業主重新放





至於觀塘分店位於臨澤街8啟匯(Harbourside HQ),涉及物業兩層,每層面積約2.5萬平方呎,合共約5萬平方呎,成交呎租約25元。該物業前稱為傲騰廣場,南豐兩年前以約80億元,沽予資本策略 (00497)等合組財團,新買家進行翻新,包括地下大堂等。



近一年共享空間紛收縮,個別更全綫撤出香港,如內地共享空間品牌氪空間(KR Space),去年先棄租灣仔全新商廈One Hennessy 7層合共逾8萬平方呎樓面,其後再關掉銅鑼灣時代廣場兩層合共3.4萬呎樓面,品牌在港業務全綫結束。












Evergrande’s Emerald Bay flats flop in their third weekend sale in three months as homebuyers ignore developer’s discount

China Evergrande’s weekend sale of its Emerald Bay flats in Tuen Mun has flopped for the third time in as many months, as Hong Kong’s homebuyers shunned its meagre discounts in anticipation of further price declines.

The developer managed to find buyers for 41 flats, or 12 per cent of the 335 units on offer at 8:30pm, according to sales agents.

In March, the developer sold 49 of 141 flats when it launched the project in the midst of the city’s coronavirus outbreak, at a time when social gatherings – including the viewing of real estate – was curtailed. Last month, Evergrande sold only 6.7 per cent of the second batch of Emerald Bay flats. Since then, Hong Kong’s outbreak came under control, with no new infections recorded for the 13th time in the past 20 days.

“The developer has launched many rounds of this project previously, so it is no longer as fresh to homebuyers compared to the launch of a new project,” an agent said, adding that Emerald Bay is selling in line with expectations.

Evergrande’s launch is the biggest weekend offer of apartments by a single developer since business and social life was put on hold in Hong Kong in mid-January, as the local government tried to contain the coronavirus outbreak. As of Saturday, the disease had sickened 1,044 people in the city and claimed four lives. Locally transmitted cases, a measure of whether the disease is under control, have not been reported for 20 consecutive days.

Hong Kong’s home prices may decline by between 10 per cent and 20 per cent this year amid the slumping economy and expected glut of projects, according to property consultants. Greater job insecurity will decrease desire among prospective homebuyers, they said.

The latest batch of Emerald Bay consists of 165 newly released flats in Phase Two, with sizes from 222 to 461 square feet (42.8 square metres), for between HK$3.57 million and HK$6.06 million (US$780,230), or HK$13,900 to 18,600 per square foot after a 14 per cent discount.

Evergrande’s project, comprising 1,960 flats and 22 villas, also faces competition across the road, where Wing Tai Properties just launched 108 units this week of its OMA by the Sea project. The rival developer is selling its project cheaper, at an average price of HK$12,548 per square foot after a discount of up to 13.5 per cent.

Evergrande kept the discount rate unchanged from the previous phase. The rest of the 170 flats were those that remained unsold in previous sales of the Phase Two development.

The contrast could not have been more stark in October, when Evergrande’s first real estate project in Hong Kong got off with a flying start, selling all 167 apartments on offer in a day. Buyers were then drawn by the starting price of HK$3.18 million for a 223 sq ft flat after discounts, or HK$14,260 per square foot, with the developer throwing in sweeteners, such as flexible financing plans, stamp duty discounts and furnishing.

“As the situation gradually improves, more prospective buyers have started coming out to purchase homes and are taking less of a wait-and-see approach, compared to the previous two months,” the agent said.

That is a shot in the arm for developers, as they start to put more projects on the market. Road King Infrastructure on Saturday offered 35 units at Crescent Green in Yuen Long, ranging from 300 to 501 sq ft each at an average price of HK$15,248 per square foot, for sale, on a first come, first served basis.

 (The Standard)


Negative equity warning as Singapore eases curbs

Unlike its regional competitor Singapore, Hong Kong has resisted relaxing property cooling measures and real estate lawmaker Abraham Shek Lai-him warned that this could lead to more negative equity cases.

Shek said some companies wanted to sell their properties to survive the downturn but they failed to do so due to such cooling measures.

His comments came as Singapore yesterday revealed it had extended the project completion period for eligible residential, commercial and industrial developments by six months with immediate effect.

Married couples will also have one year instead of six months to sell their first residential property to be eligible for remission of the additional buyer's stamp duty for their second property.

Meanwhile, in the primary market in Hong Kong, Wing Tai Properties (0369) released 108 flats in the first price list of OMA by the Sea in Tuen Mun, at an average price of HK$12,548 per square feet after discounts, 26 percent lower than that of the first price list of China Evergrande's (3333) Emerald Bay Phase 2 in the same district.

The cheapest 333-sq-ft flat is offered at HK$3.88 million, or HK$11,655 per sq ft, after discounts.

In Tin Shui Wai, Sun Hung Kai Properties (0016) uploaded the sales brochure of Wetland Seasons Park Phase 2, with the smallest flat measuring 282 sq ft.

The number of private flats completed in March plunged 26 percent month-on-month to 1,413, according to the Rating and Valuation Department.

Five new applications of pre-sale consent for residential developments were processed last month, involving a total of 3,676 residential units, up by 175 percent month-on-month, data from the Lands Department showed.

Meanwhile, the secondary market recorded more loss-making deals.

A vendor suffered a paper loss of HK$2.78 million after selling a 1,210-sq-ft flat at Dunbar Place in Ho Man Tin for HK$28.6 million, or HK$23,636 per sq ft.

 (The Standard)


基金1.2 放售灣仔商廈41車位





Wing Tai prices 108 flats for sale

Wing Tai Properties (0369) released 108 flats in the first price list of Oma by the Sea in Tuen Mun, at an average HK$12,548 per sq ft after discounts.

The cheapest 333-sq-ft flat is offered at HK$3.88 million, or HK$11,655 per sq ft, after discounts.

In the first batch, 100 flats are offered below HK$6 million after discounts. The per-square-foot price was 0.6 percent higher than that of the first price list of its Oma Oma project in the same district. The developer opened show flats today.

Executive director Chung Chi-lam said he holds an optimistic view of the local property market.

(The Standard)


3,744 private flats completed in first quarter

The first-quarter number of completions of private property was 3,744 units, the Rating and Valuation Department's data showed.

The number of completions was 1,413 units in March, down by 26.02 percent over a month earlier. The completed units in New Territories were the most, with 1,156 units. There were 199 units and 58 units for Kowloon and Hong Kong Island district, respectively.

The department estimated that annual completions of private property was 20,854 units. The first-quarter number accounted for 17.95 percent.

(The Standard)


旺角逸豪酒店 2.6億沽低2






騰訊高層斥2.7 買淺水灣道56號豪宅

市場再錄得財金界名人入市,淺水灣道56號一個相連單位,早前以約2.7億元易手,根據一份文件顯示,買家為科網巨擘騰訊的高層人士James Gordon Mitchell


不過物業近日曾進行抵押,文件顯示,代表該公司簽署文件的人士包括James Gordon Mitchell。他於20117月起為騰訊工作,擔任騰訊高級執行副總裁兼首席戰略官,亦是閱文集團非執行董事兼董事會主席、易鑫非執董等。不過,今次物業買賣實際上是於去年第三季進行,故價錢並未反映近日疫情市況。



黃竹坑7項目 締造新商貿區




帝國集團3項目 佔區內4成新供應


當中位於業勤街商貿地,屬於帝國集團夥拍信置 (00083) ,斥約25.3億元投得,一度成為當時最貴的商貿地皮,可建樓面約28.5萬平方呎,計劃斥約33億元進行發展,將會興建27層高甲級商廈,並將按照地契要求興建藝術文心中心等設施。


黃竹坑站3 料建50.6萬呎商場

目前黃竹坑區內缺乏大型商場,而原址為黃竹坑邨的港鐵黃竹坑站,逐步發展成鐵路上蓋的大型屋苑。屬於黃竹坑站第3期的項目,包括一個約50.59萬平方呎的大型商場,由於鄰近多為豪宅區,相信會定位為中上檔的商場,項目在2018年便由長實 (01113)奪得發展權。

另一間中小型發展商宏基資本 (02288) 去年亦以約14.8億元,購入黃竹坑道23號的標達中心,該工廈早前已經獲屋宇署批出拆樓紙,將會重建成商廈,料可提供約10.7萬平方呎樓面。


Luxury villa snapped up for a low $350m

Kerry Properties (0683) sold by tender a 5,128-square-foot villa at Mont Rouge in Kowloon Tong for HK$350 million, or HK$68,253 per sq ft, with the per-sq-ft price hitting a new low at the project.

In comparison, the developer last year sold a 3,017-sq-ft special unit at the project for HK$307 million, or HK$101,800 per sq ft.

In the secondary market, a property agency recorded 13 deals at City One Shatin over the four-day holiday. A two-bedroom flat at the estate changed hands for HK$5.7 million, or HK$20,070 per sq ft.

Also in Sha Tin, a vendor made a capital gain of HK$1.92 million in the sale of a 583-sq-ft flat at New Town Plaza for HK$9.6 million, or HK$16,467 per sq ft.

However, a 466-sq-ft flat at Dragons Range in the same district changed hands for HK$7.19 million, or HK$15,429 per sq ft. The vendor purchased the flat for HK$7.53 million five years ago and would suffer a loss of about HK$700,000 after paying commission fees and stamp duties.

In Tai Po, an owner also made a paper loss of HK$1.63 million after selling a 949-sq-ft flat at The Golden Gate for HK$10 million, or HK$10,537 sq ft.

Elsewhere, another agency recorded 75 deals in Tseung Kwan O over the four-day holiday.

In Lai Chi Kok, an 864-sq-ft flat at One West Kowloon sold for HK$14.1 million, after HK$400,000 was cut from the initial asking price.

(The Standard)











上環中遠大廈低層 3961萬放售








灣仔宜發大廈 核心地段用家為主



大堂樓底特高 顯氣派


樓高29層,寫字樓由5樓至最高的29樓,提供兩部升降機通往各層。面積上,每層樓面約1,688平方呎,近全數為全層用家,而樓面間隔四正,不過實用率偏低。景觀上,由於面前為新落成商廈One Hennessy,故海景被遮擋,望向軒尼詩道一帶商廈仍算開揚。


中高層全層 呎價1.9

買賣方面,老牌家族冠華持有最多樓面,達8層之多,作長綫收租。另外,長實 (01113)執行董事趙國雄或有關人士,亦持有該廈單位。資料顯示,宜發大廈25樓全層,面積約1,688平方呎,20117月以1,800萬元購入,呎價10,664元。




國金2期呎租130 較高峰期跌35%


中資金融機構 租用極高層






壽臣山道東1 洋房作價近2

近日市場氣氛回暖,有大業主趁機拆售物業。據悉,三年前爪哇 (00251) 以逾15億元購入的壽臣山道東1號一籃子物業,近日成功售出其中一幢洋房,作價約2億元。


淺水灣雅景閣 低層3350萬沽

















Property market sizzles

The property market bounced back with secondary transactions soaring 41 percent week-on-week over the past weekend, and developers selling around 230 flats in new projects over the four-day holiday.

A property agency reported 75 secondary deals at ten blue-chip housing estates over the past four days, among which 31 were recorded on the weekend, surging 41 percent from a week before and the highest in seven years.

T-Plus in Tuen Mun, which offers micro flats, recorded its first second-hand transaction. A vendor made a capital gain of around HK$433,000 after selling a 131-sq-ft studio at the project for HK$2.4 million, or HK$18,321 per sq ft, according to another property agency.

In the primary market, some 230 transactions were recorded over the holidays.

Meanwhile, Sun Hung Kai Properties (0016) raised the prices of 12 flats at St Martin Phase 1 in Tai Po by about 4 percent. The developer will launch 30 flats at the project for sale on Saturday (May 9).

And some major developers are expected to launch large residential projects in the near term.

CK Asset (1113) expects to launch Sea To Sky at Lohas Park, which provides 1,422 units, as early as in May, said William Kwok Tze-wai, a director of Cheung Kong Real Estate. It obtained presale consent for the project in January.

The developer previously also said phase one of No 21 Borrett Road in the Mid-Levels would hit the market at the end of the first quarter or in the second quarter. The project offers 115 flats.

In Tin Shui Wai, SHKP in February obtained presale consent for Wetland Seasons Park phase two, which provides 699 units, and deputy managing director Victor Lui said the project may hit the market as early as this month.

Property developers are adopting a wait-and-see approach and slowing down new launches as travel restrictions and a ban on large social gatherings have battered the housing market.

Property agent believes that, developers will attract homebuyers with price cuts once the pandemic eases.

In the commercial property market, the property agency recorded six transactions at 50 grade A office buildings last month, hitting a four-month high, but transactions have languished at a single-digit level for nine months now.

 (The Standard)


尖沙咀金興大廈今強拍 底價6.5




地積比12 呎價約7550