邓成波家族尖区地盘3.85亿获洽

「铺王」邓成波家族近日连环沽货，消息指，尖沙嘴嘉兰围地盘，获买家以约3.85亿洽至尾声，若最终落实成交，每呎楼面地价约8750元。

可重建作商厦

消息指，邓成波家族持有嘉兰围3号地盘，获买家以约3.85亿洽购至尾声，其地盘面积3660方呎，预计可重建作商厦，可建楼面约4.4万方呎，以最新洽购价计，每呎楼面地价约8750元。

每呎楼面约8750元

事实上，邓成波家族近期频频沽货，该家族早前以1.1亿沽出深水埗南昌街165号地盘，买家为恒和珠宝集团主席陈圣泽，项目地盘面积1753方呎，以地积比率9倍计，可建楼面约15777方呎，每呎楼面地价约6972元，于16年以6600万购入，持货5年帐面获利4400万，期间物业升值67%。

另外，该家族早前以3亿售出油麻地窝打老道宝翠大楼地铺，作价3亿，呎价约1.5万，持货12年帐面获利1.88亿。同时，该家族早前亦以蚀让价沽货，为葵涌打砖坪街57至61号中央工业大厦全幢，佔地约2.43万方呎，总建筑面积约17万方呎，成交价9亿，平均呎价约5294元，持货仅两年帐面蚀1.8亿，贬值16.7%。

该家族早前亦售出油麻地窝打老道宝翠大楼1楼及2楼及地铺，作价约3亿，以总楼面约19983方呎计，呎价约15013元，买家为本地投资者。

据悉，该铺现时由护老院及健身中心以约107万承租，料买家可享租金回报约4.2厘。

(星岛日报)

恒地底价5.24亿夺石硤尾旧楼

发展商积极併购市区旧楼，周五 (9日) 有两个旧楼併购项目出现新进展，其中恒地 (00012) 循强制拍卖以底价5.24亿元统一石硤尾耀东街9至14号旧楼业权，将连同毗邻的旧楼分期发展。宏安地产 (01243) 于2019年申请强拍的黄大仙鸣凤街旧楼，同日也获土地审裁处批出强制售卖令，底价8.05亿元。

耀东街旧楼于周五早上进行拍卖，结果手持1号牌的恒地执行董事黄浩明，在没有对手的情况下以底价5.24亿元投得。该项目佔地约7725方呎，位于石硤尾街与南昌街之间，现为6幢1952年落成的4层高唐楼，楼龄约69年，地面层为商铺。

恒地年报显示，前述地盘属于恒地旗下耀东街、南昌街、巴域街和石硤尾街一带的大型重建项目的一部分，黄浩明透露，随着购入前述耀东街旧楼，已统一整个重建项目的业权，总地盘面积约4.6万方呎，预计可建楼面面积逾40万方呎，将主力兴建中小型住宅单位；该地盘计划分期重建，其中有部分范围现时借出作社会房屋用途，会在收回土地后才发展。

宏安黄大仙项目准强拍

另外，宏安地产于2019年向土地审裁处申请强拍的黄大仙鸣凤街26至48号旧楼，于周五获土地审裁处批准以底价8.05亿元强拍。该项目由3个地段组成，包括26至32A号乾丰大厦、34及36号凤凰楼，以及38至46号旧楼，总地盘面积约9630方呎，现有楼宇高6至8层，1962至1965年落成，楼龄约56至59年。

宏安地产于申请强拍时，持有上址约80.6%业权，及后进一步收购小业主的物业，业权遂增加至约83.5%。该地盘大纲图划为「住宅 (甲类) 1」用途，可建楼面面积约8.67万方呎。

(信报)

New World’s compensation to Pavilia flat buyers may slash valuations and cut the bank loans available to mortgage borrowers

More than half of the buyers chose a cash payment method, in which the purchase is fully settled within 180 days of the contract

The remaining 417 buyers, making up 48.9 per cent of the purchase, chose to pay only when construction is completed, according to data by mortgage broker

New World Development’s decision this week to compensate owners of the flats it plans to demolish at The Pavilia Farm apartment complex could slash the valuation of the property and reduce the amount of bank loans available to mortgage borrowers.

Slightly more than half of the customers who bought the 852 apartments at The Pavilia Farm III chose a so-called cash payment method, in which the purchase is fully settled within 180 days of the contract. The remaining 417 buyers, making up 48.9 per cent of the purchase, chose to pay only when construction is completed, according to data by mortgage broker.

The two payment options make a difference in how New World compensates customers who signed the contracts for blocks 1 and 8, the two towers out of the seven-block project earmarked for demolition due to defects. Cash payment customers will receive a compensation of up to 7.6 per cent of their property’s value, while buyers who opted for the stage payment plan will get HK$380,000, New World said on Wednesday.

“Banks may deduct the compensation from the loan amount, so buyers who already have the mortgage may need to make up the difference in the first instalment,” agent said.

Banks may revalue their mortgages when the flats are delivered to buyers, now delayed for nine months until March 2024 for blocks 1 and 8. Any decline in the valuation will lead to a corresponding reduction in the mortgage loan available, the agent said. Still, the chance of this happening is slim, because the apartments at The Pavilia Farm III, which start from HK$6.76 million and go up to HK$24 million (US$3.1 million), are low enough that any adjustment would not affect the mortgage by much, the agent said.

The Pavilia Farm comprises 3,090 apartments in seven tower blocks, to be built in three phases. The entire project is scheduled for completion in 2023.

The developer decided to demolish and rebuild blocks 1 and 8 in Tai Wai, after finding that the concrete walls in the ­podium of the two towers failed to “meet the requirements of the approved ­design” found during concrete strength tests.

The construction quality and structural safety of the remaining 2,198 units in the five towers of phases I and II comply with all relevant Hong Kong regulations, a New World spokeswoman said on Thursday.

More than 10 of the 57 floors in the two towers were built before the defects were found on June 18, by which time 846 of the total 892 flats in the third phase had already been sold, the developer said.

Banks are likely to be cooperative and flexible, as the compensation had been announced and arranged in a transparent manner, and New World is trustworthy as a developer, mortgage broker said. Some banks have said that the case will be processed as usual according to procedures and timetables, the mortgage broker added.

(South China Morning Post)

Hongkongers continue their beeline for One Victoria flats in Kai Tak as cheap funds, economic growth lure buyers into market

China Overseas Land and Investment (COLI) sold 118 apartments, or a third of the 286 units on offer at One Victoria by 9pm

The launch was oversubscribed by nine times, receiving 2,800 bids for the 286 flats on offer

Hong Kong’s homebuyers continued making their beeline for the first waterfront flats built on the city’s former airport runway, as low-cost mortgages combined with signs of an economic recovery and easing Covid-19 outbreaks to lure them back into the property market.

China Overseas Land and Investment (COLI) sold 118 apartments, or 41 per cent of the 286 units on offer at One Victoria as of 9pm, sales agents said. The project, built on a strip of land that protrudes into Victoria Harbour, is about 45 minutes walk from MTR Corporation’s Kai Tak subway station. The distance – considered far by Hong Kong standards – did little to deter buyers.

“Kai Tak will be a key area for development, so its sophisticated planning and high quality of property in the area attract investors,” property agent said, the agent also estimated that 40 per cent of customers are buying One Victoria as a “long-term investment”.

The One Victoria project comprises 1,059 flats of different sizes, all scheduled for delivery at the end of March in 2023.

The launch, the second weekend of sales, was oversubscribed nine times, receiving 2,800 bids for the 286 flats on offer. Last weekend, COLI sold 91 per cent of the flats on offer.

The current batch on offer featured units with one to three bedrooms, measuring between 332 square feet and up to 766 square feet 766 sq ft (72 square metres). Prices started from HK$8 million, going up to HK$23.6 million (US$3 million), or HK$28,103 per square foot on average after discounts, almost 22 per cent more than the launch price on June 22.

China’s central bank announced a cut in the nation’s reserve requirement ratio (RRR) on Friday, a much-anticipated move that released about 1 trillion yuan (US$154.3 billion) into the monetary system for commercial banks to lend to businesses and factories to bolster the post-coronavirus economic recovery.

Hong Kong’s monetary policy is run in lockstep with the US Federal Reserve to maintain the city’s currency peg with the US dollar. The world’s most powerful central bank is expected to keep rates at current low levels until 2023.

The continuous flow of financial liquidity will boost Hong Kong’s residential property market, helping owner-occupiers afford new homes through low mortgage rates, while spurring investors to park their capital in fixed assets that generate higher returns.

“Residential property will continue to serve as a tool for [investors] to hedge against inflation,” property agent said.

The market could get another leg up when Hong Kong’s northern border with mainland China reopens, which would open the doors for tourists, business travellers and investors to re-enter the city.

The Hong Kong economy is also seeing signs of recovery amid the government’s efforts in boosting retail sales with HK$36 billion vouchers for citizens. Housing prices are expected to further rise as the local residential land supply will shrink to the lowest level in a decade. Total housing supply could top 7,050 units this financial year, bringing the total to about 55 per cent of the target of 12,900 apartments.

Hong Kong’s housing prices may increase to a record this month, with sales of new homes expected to increase by 20 per cent to 18,000 units from last year, the agent said.

“If the peak of housing prices doesn’t come in July, it will be in August due to various positive factors,” the agent said. “Housing prices in many countries around the world have risen in the past two years during the easier monetary policy, but Hong Kong had lagged behind. Once the border with the mainland reopens, new capital from the mainland will support the Hong Kong market.”