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Property market on the upswing as Covid wanes


Hong Kong's property market has regained its momentum with both primary and secondary markets performing well over the past few days amid the waning fifth Covid wave in the city.

All 388 homes at The Grand Mayfair I in Yuen Long on offer in the first round of sales sold out last Friday, and the remaining 327 units will be put on the market tomorrow, said the developers.

These homes were over 12 times oversubscribed after attracting more than 4,300 checks, they said.

On offer are 103 one-bedroom flats, 173 with two bedrooms, and 51 with three bedrooms, which are priced from HK$6.45 million to HK$14.91 million after discounts.

The 715-flat project is phase 1A of a 2,200-flat mega development that is being jointly developed by Sino Land (0083), K Wah International (0173) and China Overseas Land and Investment (0688).

The prices of phase 1B, which provides 805 flats, will be announced soon after the Wednesday sales, the developers said.

In Tai Kok Tsui, The Quinn Square Mile recorded at least 51 transactions as of Sunday, said the developer Henderson Land Development (0012), which cashed in nearly HK$330 million from the sales.

In Kai Tak, Henderson's project The Henley II kicks off sales of 98 homes today, including 92 on price lists and six by tenders.

The builder said it has collected over 350 checks for the 92 units on the lists, meaning the flats were more than 2.7 times oversubscribed.

Meanwhile, 10 defaulted flats at Sea to Sky, or phase eight of Lohas Park in Tseung Kwan O will be put up for sale again this Friday, said the developers CK Asset (1113) and MTR Corporation (0066).

The completed units, ranging from 468 square feet to 1,054 sq ft, are available for viewing, they said.

In the secondary market, a total of 21 deals were recorded in the 10 major housing estates over the weekend, the same as last week, and above the 20-mark for the seventh week in a row, according to property agency.

Property agent said that the secondary transactions did not decline despite the sales of new projects, reflecting that buyers still have strong interests in the property market.

The agent expects that there will be around 1,500 first-hand deals this month and the overall real estate prices will bounce back as well.

(The Standard)

 

‘The worst is over’ for Hong Kong’s shops segment, with rents and prices to recover on better consumer sentiment

Hong Kong’s shop market can expect a V-shaped rebound in transaction volume and prices in the second half, says Bridgeway CEO Lee

Prime street shop rents have continued to fall since the social unrest in mid-2019, taking the cumulative decline in value to 75 per cent from 2013

Hong Kong’s shop market is likely to see a V-shaped rebound this year as the easing of social distancing measures following the fifth wave of coronavirus outbreak in the city puts consumer spending back on track.

Shop rents could increase by up to 10 per cent in residential areas and by as much as 20 per cent in core areas, said Edwin Lee, founder and CEO of Bridgeway Prime Shop Fund Management.

“The worst for the shop market is over,” said Lee. “I expect that as the pandemic subsides, and with [subsequent] border reopening at home, there will be a V-shaped rebound in the sales volume and transaction prices [of shops] in the second half of the year.”

The prices of shops will increase by 5 to 10 per cent in residential areas and by 10 to 15 per cent in prime areas, he forecasts.

Prime street shop rents weakened 5 per cent in the first quarter this year, adding to a three-year slump. They tumbled by one-third in 2019 in the wake of the social unrest, followed by another 23.4 per cent in 2020 and 4.3 per cent in 2021 amid the Covid-19 pandemic, according to a property agency.

Overall, they have crashed by around 75 per cent since the first quarter of 2013, when the Individual Visit Scheme drew the most number of mainland travellers to the city.

Lee’s optimism is shared by other market insiders.

“Rents in traditional tourist areas will definitely increase by 10 to 20 per cent, as most of the shops in prime areas have seen rents fall by as much as 70 per cent from their highs,” a surveyor said.

On the other hand, the surveyor said that the rent increases in residential neighbourhoods will be sluggish, as unlike core areas where rents slumped during the pandemic, they moved higher in the same time span.

Meanwhile, the city recorded 288 shop transactions in the first three months this year, the lowest since 248 deals in the second quarter of 2020, according to Land Registry data. The value fell to HK$7.58 billion (US$966 million), the least since the first quarter of 2021.

“Even if there is a sixth wave, [prices] will not drop greatly [as] buyers feel they can bet on it, considering the [low] prices now,” a property agent said, adding that selling prices will be largely flat moving forward.

Russell Street, once the world’s most expensive retail strip, has recently seen a few short-term tenancies of face-mask shops. These retailers sometimes land a bargain, paying as little as HK$80,000 per month, which is about 15 to 25 per cent of peak rents seen in 2013.

With consumers unleashing “revenge spending” in the market, Bridgeway last month found a tenant for its street-level shop in Sheung Wan, who paid significantly higher than the previous client, Lee said.

The company signed a five-year lease for the 2,300-sq ft shop, with a fixed monthly rent of HK$130,000 for the first two years versus HK$100,000 previously, he added. The rate will increase to HK$143,000 per month thereafter.

(South China Morning Post)

 

信和 Landmark South 招租 呎租逾30

信和集團今年兩寫字樓項目落成,集團現先推出黃竹坑 Landmark South 甲廈招租,呎租約30餘元;而下半年將推出元朗One North項目,兩項目合共提供約80萬呎樓面。集團認為今年市場整體商廈供應多,具特色的商廈仍有需求,而集團整體商廈出租率約9成。

信和集團及帝國合作發展的黃竹坑業勤街39號全新甲廈項目 Landmark South,預計今年第2季落成,樓高31層,總樓面達256,957平方呎,包括16層甲廈、3層零售空間及藝術展覽廳,另提供佔地9,000平方呎空中花園。藝術發展局將於此開設一個約5,000平方呎的多用途藝術展覽,另項目最頂兩層29及30樓,享特高樓底,項目可望今年8月入伙。

黃竹坑甲廈 已錄成交

信和集團資產管理董事蔡碧林表示,Landmark South 現進行招租,單位面積約1,497至1.4萬平方呎,呎租約30餘元。她指因疫情關係,招租工作及睇樓活動最近才開始,暫時反應不俗,已獲室內設計、私募基金等機構視察,並已錄得數宗細單位成交。項目賣點上,她表示項目鄰近港鐵站,而黃竹坑本身與中環僅數站之距,租金差幅大,亦鄰近南區,地點甚理想。

集團對上一次新寫字樓項目落成已為2008年,而今年更有兩幢甲廈推出,位於元朗One North,為集團在2015年以16.9億元投得,鄰近港鐵朗屏站,涉及2座樓高14層商廈,寫字樓面積約44.5萬平方呎,另商場零售面積約11.3萬平方呎,合共總樓面面積55.8萬平方呎。

元朗One North 料第三季招租

蔡碧林指,該項目位處元朗,有北部都會區概念,可招攬創科等商戶,亦合半零售商戶,預計第三季招租。

信和今年兩項目共有80萬平方呎樓面推出,而今明兩年整體商廈供應量高,蔡碧林認為,無疑市場供應多,惟具特色商廈仍有一定需求,而集團兩項目分布南區及北區,具有獨特性。

市況方面,疫情下不少機構採在家工作策略,租客對商廈需求或有變,她則認為,很多生意仍需面對面傾談,在家工作執行上亦有其他困難,故實體辦公室重要性不減。她指,集團旗下寫字樓整體出租率約9成,與第5波疫情前相若,租客在疫情下無意搬遷,故出租率仍穩定,租金方面,現時租金水平與高峰期比較,仍低約1成以上。

 (經濟日報)

更多Landmark South寫字樓出租樓盤資訊請參閱:Landmark South寫字樓出租

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租務市場將轉好 租金企穩

整體商廈租金穩定, 有代理行預計,隨着租務需求上升,租務市場將轉好,租金亦企穩。

據本港一間外資代理行每月商廈租金走勢數據,中環超甲廈呎租約134.6元,按月微升0.2%,而整體中環呎租約114元,按月微跌0.2%,按年則升約0.8%,反映租金相對穩定。另外,其他商業區亦相對平穩,跌幅較大為鰂魚涌,按月跌約2.7%,現呎租約51元。

中環有數幢甲級寫字樓在3月底錄得雙位數空置率,但中環整體空置率維持在7.2%水平,表現較非核心商業區好,邊綫區如金鐘及灣仔區,空置率分別達8.4%及11.2%,

IWG租全幢商廈 港島最大手

租務上,該行指,3月港島租務成交,主要為細單位,面積6,000平方呎以上單位,獲金融及律師行等租用;較大手為金融機構租用中環怡和大廈3.1萬平方呎樓面,另律師樓租用中環花園道3號

港島區最大手租務,為IWG集團租用灣仔皇后大道東8號全幢 (8QRE),開設Spaces辦公中心,而8QRE Spaces預計於2022年7月開幕。該集團指,該中心將提供超過900個辦公位置及70間私人辦公室,同時預留5層空間作企業專屬套間。除了服務式辦公室,其中兩層更將改造為「商務俱樂部」。業內人士預計,是次成交呎租料約45元,該廈總樓面約8萬平方呎,原由忠利保險租用。據悉,2019年共享空間品牌WeWork亦曾預租該廈全幢,惟最終取消,如今由IWG接手。

另外,中環中心連錄成交,物業中低層全層,面積約2.5萬平方呎,成交呎租僅約40元。新租客為一家英資軟件公司,原租用同廈極高層單位,呎租約75至80元,如今於同廈進行搬遷,主因可節省一半租金。另外,物業高層單位約2,856平方呎,以每呎約70元租出,月租約20萬元,上址舊租金每呎約105元,租金跌約33%。

九龍寫字樓租金 末季將回升

九龍區方面,大手租務為觀塘綠景NEO大廈中層兩層樓面,合共近5萬平方呎,成交呎租約30元。新租客為手機配件連鎖店CASETiFY,該品牌原租用同區工廈天星中心,涉及約1萬平方呎,如今大幅擴充至約5萬平方呎,屬近期罕有擴充個案。

該行指,隨着員工重返辦公室工作,更多租戶重新考慮搬遷等計劃,令3月份的寫字樓租賃活動水平反彈。該行指,由於疫情緩和,預計未來數月租務活動增加,而九龍區方面,該行料寫字樓租金將在未來幾個季度保持觸底反彈的趨勢,並在今年最後一季略有回升,故租金年底將有1至3%的整體增長。

(經濟日報)

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鰂魚涌海裕街地皮放售 可建40萬呎

「去中環化」下,不少企業搬至港島東,區內商廈項目受重視,現太平協和旗下鰂魚涌海裕街臨海地皮,由接管人委託測量師行進行放售,可重建成40萬平方呎商業樓面。

作酒店和辦公室用途

有外資代理行表示,獲接管人委託,招標出售鰂魚涌海裕街內地段第8590號餘段及內地段第8723號餘段,項目截標日期為2022年7月7日 (星期四) 中午12時正。

項目原由太平協和持有,去年3月獲通過有關原址換地申請,擬換地後的地盤面積或可達91,838平方呎,經補地價後,或可提供建築面積約400,000平方呎樓面,興建5幢34米至41米 (主水平基準以上) 的低矮建築物,作為酒店和辦公室用途,平台設4.1萬平方呎的觀景平台。

據市場人士估計,地皮市值約40億元,每呎樓面地價約1萬元,而日後轉作商廈用途需補地價。

(經濟日報)

 

九龍灣億京中心 享海景樓面大

九龍灣億京中心位於區內主要商業地段,分層樓面面積大,最大賣點是享有全海景。

億京中心位於九龍灣宏光道,而地段屬區內核心商業地段,附近為企業廣場一期企業廣場二期企業廣場五期 Megabox、恩浩國際中心等商廈群,商業氣氛理想。交通方面,由港鐵九龍灣站前往該廈,步行需15分鐘以上,稍為不便,而大廈設有接駁巴士前往港鐵站,另若坐車前往啟德則約5至10分鐘車程。此外,Megabox商場附近亦有多條巴士綫,可前往港島,交通整體來說仍算方便。

飲食配套上,大廈步行數分鐘便到達Megabox商場,有大量餐廳及商店,此外,商場對出為零碳公園,甚為舒適,可供上班人士公餘時散步。

物業於2009年落成,物業規模大,共分A、B兩座。A座每層面積約1.26萬平方呎,另B座較細,每層面積約1.24萬平方呎。若兩座樓面相連下,每層樓面面積,可達2.5萬平方呎,適合大型公司使用。

物業樓高35層,地下大堂甚具氣派,亦設有梳化供商務人士使用。A及B座每層,各設3部客用升降機。

單位四正 間隔靈活

寫字樓層由7樓起。以18樓至21樓間隔為例,A、B座原則每層間有5伙。兩座全層可提供約10個單位,大單位A室分布於每層兩邊,面積可達4,000平方呎,至於其他單位,面積由1,000多平方呎起,故可合中小型公司。

單位間隔相當四正,未見多餘角位,柱位全位於牆身內,增加間隔上靈活性。景觀方面,以A座A室最為好,單位設有3邊落地玻璃窗,較其他單位只有一邊窗,採光度優勝。整體來說,物業大部分單位單邊向海,望啟德海景,亦可望向維港,前方未見大型建築物阻擋,絕對為區內優質海景商廈之一。

買賣方面,物業今年錄得3宗成交,年初B座32樓全層,面積約12,678平方呎,以約1.46億元成交,呎價約11,579元,對上一宗成交為2月中,B座28樓A室,面積約3,939平方呎,以約4,600萬元易手,呎價約11,678元。

(經濟日報)

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高層多戶招租 呎租約21元起

九龍灣億京中心質素不錯,現物業高層多個單位進行招租,意向呎租約21元起。

面積1788至4492

有代理表示, A座28樓多個單位現正放租,涉及該層A至D室,面積由1,788至4,492平方呎,意向呎租約21元起。據了解,該層樓面由一本地廠家持有多年作收租之用,現可因應不同客戶需求,靈活安排把個別單位打通使用。由於屬高層樓面,單位享極開揚海景,非常舒適。

資料顯示,億京中心今年暫錄5宗租務成交,3月份物業A座18樓A室,面積約4,083平方呎,成交呎租約20元,另A座16樓B至C室,面積約3,640平方呎,以每呎約20元租出。4月份大廈亦錄兩宗租務,其中A座33樓A至C室,面積約8,426平方呎,成交呎租約23元。

附近大廈租務上,同屬億京發展的恩浩國際中心,4月錄得兩宗租務,其中27樓C室,面積約1,305平方呎,成交呎租約22元,另中層E室,面積約2,435平方呎,以每呎約21元租出。

(經濟日報)

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尖沙咀新港中心 中層戶意向呎價1.9萬

尖沙咀新港中心罕有細單位放售及放租,意向呎價約1.9萬元。

意向租金5.2 每呎36

布代理表示,尖沙咀廣東道30號新港中心二座中層單位現正放售,建築面積約1,443平方呎,業主意向售價約2,800萬元,折合每平方呎約19,404元,另單位同時放租,意向租金約52,000元,每平方呎租約36元。

該代理表示,單位屬於罕有細面積單位,間隔四正靈活,雖無附設裝修,但更適合準買家依照企業需求隨意設計。大廈配備8部升降機,並設有停車場。

大廈租務方面,上月新港中心錄得1宗租務成交,涉及1座低層8室,面積約1,424平方呎,成交呎租約32元。

(經濟日報)

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4月整體樓宇買賣 代理行估4700宗

有地產代理行統計,4月 (截至27日止) 整體樓宇買賣合約登記 (包括住宅、車位及工商舖物業) 暫錄4,016宗及311.4億元。預計全月錄4,700宗及370億元,將較3月份分別上升22.8%及6.2%。

一手私人住宅方面,4月份暫錄214宗,總值27.7億元。預計全月約有250宗及30億元,將較3月份的161宗及36.1億元,分別上升55.3%及下跌17.0%。金額將創2016年2月的30億元後74個月新低。

二手私人住宅方面,4月份暫錄2,820宗,總值261.7億元。預計全月約有3,200宗及290億元,將較3月份的2,493宗及226.4億元,分別上升28.4%及28.1%。宗數及金額將齊創2021年12月的3,315宗及302.5億元後4個月新高。

(經濟日報)