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凯施尖东银主铺6950万开拍

近期陷入财困的凯施饼店,再有物业沦为银主盘。尖沙嘴加连威老道98号新东海商业中心地下G1及G2铺位,建筑面积约1814方呎,银主委託拍卖行于下周拍卖,开价6950万,平均呎价3.83万。

现时上址由凯施饼店承租,月租18万,租期由2023年3月至2025年2月,若以开价计算,租金回报率约3.1厘。

(星岛日报)

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Hong Kong land sale could fetch US$294 million for Kennedy Town plot expected to yield 450 flats

The first government tender of the financial year started on Friday for a plot of land in an area popular with expats

Surveyors expect between five and 15 bids from developers, who may bid conservatively amid high interest rates and sluggish home sales

A plot of land on Hong Kong Island that is expected to yield about 450 flats – some with a sea view – could fetch HK$2.3 billion (US$294 million) as the first government tender process of this financial year gets under way.

The tender for the land, at the junction of Sai Ning Street and Victoria Road in Kennedy Town, started on Friday, according to the Lands Department.

The plot should attract around five bidders and “conservative” bids of HK$2.2 billion (US$281.5 million) to HK$2.3 billion, or HK$9,000 to HK$9,500 per square foot, a surveyor said.

A nearby parcel sold in November for around HK$9,500 per square foot, according to a surveyor.

“It will appeal to both end users and investors,” a surveyor said, who expects 12 to 15 bids. “Expats will like this area as it is close to Central and well-served by MTR, tram and road networks.”

The key selling point is the plot’s relatively large scale on Hong Kong Island, and the fact that some flats will enjoy a sea view, the surveyor added.

Kennedy Town and the general western area is a popular area for younger, unmarried expats, the surveyor said. “They are definitely one batch of the potential tenants after completion of the residential development, as small to medium flat sizes are expected” the surveyor said.

However, developers may take a wait-and-see attitude towards the first tender in this financial year,” the surveyor said, adding that a nearby public mortuary will also be a factor that developers consider, as some people would not like to live near such a facility.

“Potential developers will be concerned about the location, and the sales market, as most likely the developer will sell the residential apartments after completion,” the surveyor said.

The Surveyor echoed the view that developers may bid more conservatively than in the past because of higher financing costs amid the current high interest rates, as well as slow sales in the primary Hong Kong property market.

The tender comes after the Hong Kong Monetary Authority (HKMA) early this month raised its key lending rate to a 15-year high, in what could be the last hike in 2023.

Looking ahead, Citi expects “overall home prices to stay flat in 2023, indicating around a 7 per cent home price drop during the second and fourth quarter”, the bank said in a report this week.

(South China Morning Post)