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Swire turns bus terminal into housing

Swire Pacific (0019) and Swire Properties (1972) will turn an old Chai Wan bus terminal, with a land premium of HK$4.54 billion, that was situated for residential development to the government.

In yesterday's announcement, the developer announced their surrender of the lot at No.391 Chai Wan Road, measuring 102,420 square feet, in exchange for a regranted 9,000 square meter site from the government.

A joint venture company formed between Swire Properties and China Motor Bus Company has accepted the government's land exchange offer to develop a site in Chai Wan.

The joint venture company is 80 percent owned by Swire Properties and 20 percent owned by CMB. To that end, Swire Properties will fund its 80 percent share of the land premium with its internal resources.

Both the surrendered and regranted sites in the land exchange are located within a plot of land that is the former CMB bus depot at Chai Wan Road. The joint venture company plans to develop the regranted site into a development comprising three residential towers and retail space, with an aggregate gross floor area of approximately 694,000 sq ft.

The development will also provide a covered public transport terminus. Furthermore, there will be a public open space of about 43,000 sq ft adjacent to the regranted site for the community's use.

Upon project completion, the development will provide around 800 units to the market, which will help address the city's housing shortage.

The total gross floor area of the regranted project shall not exceed 64,500 sq m. Of which, the total gross floor area for private residential purposes shall not exceed 64,314 sq m and that for non-industrial purposes is limited to 186 sq m, according to an exchange filing.

The land exchange is in line with Swire Properties' key strategies to continue with its high-quality residential property activities, and is expected to enhance long-term shareholder returns, said the filing.

The company also said in another statement that it will continue to support the government's efforts in addressing the housing issue in Hong Kong.

(The Standard)


Inside looks set for Koko Reserve

Show flats for Koko Reserve, the second stage of the Koko Hills project in Lam Tin, are being opened by Wheelock Properties on Saturday.

The first batch of flats including at least 30 three-bedroom and four-bedroom homes will have saleable areas from more than 700 square feet.

They will be launched within days in the form of tenders, said managing director Ricky Wong Kwong-yiu.

The project consists of 82 homes with saleable areas ranging from 504 to 1992 sq ft.

Also up for immediate action is The Arles in Fo Tan, with property agency releasing a sales brochure yesterday. A price list could be seen as soon as today. The project provides 1,335 homes, ranging from studios to three-bedroom flats with saleable areas from 228 to 2001 sq ft.

Meanwhile, Lohas Park's phase 10 in Tseung Kwan O was 2.7 times oversubscribed after Nan Fung Group received 650 checks for 176 homes being launched tomorrow.

This second round of sales includes 75 two-bedroom flats, 85 three-bedroom flats and 16 four-bedroom flats.

Saleable areas range from 634 to 1,205 sq ft, with prices starting at around HK$9.5 million.

(The Standard)


Residential sites in Tai Po and Repulse Bay to be tendered to offer 210 flats

Hong Kong government plans to launch two residential sites via tender, involving 210 flats, from October to December.

The two lands are located in Tai Po and Repulse Bay respectively, Secretary for Development Michael Wong Wai-lun said.

Also, Urban Renewal Authority's Hung Fook Street / Ngan Hon Street Development Scheme in To Kwa Wan will accommodate around 750 households.

The quarterly private units supply is expected to be around 7,110 for the upcoming quarter, the highest in recent years, said Wong.

(The Standard)


Hong Kong keeps third-quarter land supply steady as focus shifts to Carrie Lam’s October 6 plan to ease city’s housing shortage

The city’s government will release two sites capable of accommodating 210 flats for sale in the fiscal third quarter starting on October 1

The city’s total housing land supply could beat a government target by 30 per cent to top 17,000 units in the financial year ending in March 2022

Hong Kong’s government will keep its fiscal third-quarter land sale plan the same as three months earlier, as it focuses the spotlight on the final policy address by Chief Executive Carrie Lam Cheng Yuet-ngor on October 6, when she is due to deliver a widely expected blueprint to boost land supply and alleviate the city’s housing shortage.

The government, which typically releases land from its reserves for developers to build homes, plans to sell a residential plot in Tai Po, and a parcel on South Bay Road in Repulse Bay, enough to build about 210 flats during the three months starting in October, keeping the programme unchanged from the last quarter, according to the Secretary for Development Michael Wong.

“Looking ahead, the government will continue to increase land supply through a multipronged approach to meet the housing, economic and social development needs of our community,” Wong said during a briefing on Wednesday.

Lam’s final address will set out the policy priorities of her final year as the chief executive overseeing the world’s least affordable major urban centre, a dubious honour held for more than a decade according to various surveys.

Hong Kong’s housing supply is augmented by developers, who build private housing for buyers with the budget and preference. The city’s total land supply for housing could beat a government target by 30 per cent to top 17,000 units in the financial year ending in March 2022, Wong said. In this year’s first three fiscal quarters, total supply surpassed the target by 10 per cent to top 14,430 homes.

The Urban Renewal Authority (URA) and private developers are ­expected to provide a total of 7,110 flats in the three months from October. Some 750 flats in To Kwa Wan will be supplied by the URA and 6,150 by private developers.

“There are 12 private projects to be ready for this quarter, [which] indicates that the government has accelerated the process of lease modification to increase land supply,” property agency said. “But it is hard to rely on private developers to meet the shortfall as they probably release the projects according to market conditions. Builders are unlikely to release these units in one go,” the agent said.

The agent believes that the home prices would continue to grow as Hong Kong’s shortage of new private flats is a long-term problem.

“Private housing shortage will be more serious four years from now as the government runs out of land resources,” the agent said.

Hong Kong’s housing shortage, a chronic problem that has been blamed for a slew of problems from high business costs to the public grievances that drove hundreds of thousands of residents to march during anti-government protests in 2019. The problem has raised red flags among Chinese officials overseeing the city’s affairs, with some of them telling Hong Kong’s developers to use their resources and influence to champion state interests, according to a Reuters report.

For now, reports of arm-twisting by Beijing officials have been denied, according to the Real Estate Developers Association (Rea), the powerful interest group representing the city’s builders and developers. The association did stress that members including Sun Hung Kai Properties, Henderson Land Development and CK Asset Holdings were continuing to support the Hong Kong government in boosting housing supply and improving living standards.

Lived-in home prices in Hong Kong retreated for the first time this year in August from an all-time high, after a slump in the equity market weakened buying sentiment.

Prices declined 0.15 per cent to 397.1 in August, according to a Rating and Valuation Department index. It revised the July reading to 397.7 from 396.3. The previous record of 396.9 was set in May 2019.

(South China Morning Post)























另一方面,該行另一代理表示,觀塘開源道62號駱駝漆大廈第1座1樓全層,面積約14795方呎,以連租約形式易手,成交價約1億,呎價約6759元。據土地註冊處資料顯示,上址買家GOODRAY DEVELOPMENT LIMITED,註冊董事為資深投資者莊道濟。





太古柴灣項目補價逾45.4億 每呎地價約6542元 可建住宅達800




是次換地要約涉及的交回地段及重批地段均位於柴灣道 (前為中華巴士車廠) 的地皮範圍內,將交回位於柴灣道391號用地予政府,總地盤面積約10.24萬方呎,該地主要限作工業用途。

重新批出的地段將為柴灣內地段第178號,即前中華巴士車廠及毗鄰土地,批准用途為非工業用途 (不包括辦公室、貨倉、酒店及加油站),總地盤面積約9.69萬方呎,可建總樓面約69.4萬方呎,重批地段的租期為50年。

太古佔八成權益 可建69.4萬呎

















羅素街舖王 口罩店10萬進駐

鐘錶店突結業 黎永滔86萬招長租

核心區一綫街吉舖仍多,黎永滔持有羅素街舖位,原由鐘錶店租用,去年以60萬續租,近日突結業遷出,業主現短租予口罩店,月租料約10萬元。該舖高峰期月租高達216萬,短租租金下跌95%,現業主以86(長租) 招租。


2012年呎租全港最貴 現跌6

該舖由資深投資者黎永滔持有,原租客為鐘錶品牌Daniel Wellington2017年以約100萬元租用舖位,去年受疫情影響,核心區舖位商戶生意下跌,羅素街多個租客約滿遷出,而該鐘錶品牌仍在疫市下,去年以逾60萬元續租舖位3年,租金下跌約4成。不過,品牌於本月中突結業,提早遷出。據了解,業主以短租形式租予口罩店同時,並以每月約86萬元放長租。翻查資料,該舖曾為羅素街舖王,2012年零售高峰期時,周生生曾以216萬租舖,呎租逾3,000元,為全港最貴呎租舖位。若以86萬招長租計,租金較高峰期已跌約6成。




恒和珠寶陳聖澤 1.3億掃京瑞廣場2兩地舖




另公司名義 1.1億購南昌街地盤