丰泰地产旗下湾仔全幢庄士敦道商厦，有代理表示，湾仔庄士敦道189号及谭臣道110号，全幢物业以交吉形式放售，地盘面积约1466方呎，楼高6层，现址建筑面积约9637方呎，全幢叫价逾2亿。
丰泰地产持有
该物业于2021年10月获屋宇署批准兴建一幢22层商业大厦，涉及面积约21995方呎，亦可考虑重建酒店，交易可转让公司股份。该代理续指，该物业邻近港铁站，亦靠近囍帖街，今年初，恒基以底价3亿强拍投得湾仔活道19至21号及永祥街22至30号旧楼项目，为统一业权，料将与毗邻地盘合併发展中小型住宅，预计提供约180伙单位。
(星岛日报)
With interest rates likely to have peaked, Hong Kong home prices will soon begin to look up, analyst says
Falling global interest rates should boost property prices, but any gains in Hong Kong could be delayed until there is a broader economic recovery locally and in China
Lived-in home prices in Hong Kong fell 1.1 per cent in July, the most this year, as rising interest rates kept buyers on the sidelines
Hong Kong will be among the first markets where interest rates are likely to fall next year along with the US, which could potentially boost the city’s property sector, according to analysts.
With inflation in the US, the world’s largest economy, showing signs of cooling down, normalising of interest rates may come earlier than in the UK and the euro zone, a property agent said.
Hong Kong’s peg to the US dollar means an automatic adjustment to the city’s interest rates alongside the US.
“As rates begin to fall globally, that will be the trigger for improved affordability and will provide the conditions for house price growth, so the US and Hong Kong, in theory, will see prices grow earlier,” the agent said.
“That said, the conditions for stronger prices also require consumer confidence and positive household wealth conditions. In the US one can see how these conditions will be present in the near-term. It may be delayed in Hong Kong until there is a broader recovery in the local and wider China economies.”
The US Federal Reserve embarked on a path of aggressive interest rate hikes in March 2022, raising it 11 times to a target rate of between 5.25 per cent and 5.5 per cent so far. Inflation has generally been brought under control, with the latest reading at 3.7 per cent in August, still a long way from the Fed’s 2 per cent target, but much lower than the 40-year high of 9.1 per cent in June last year. These figures have raised hopes that the US monetary authorities are likely to be swayed to ease rates sooner
that many other markets.
The Fed’s pause last week is another indication that the rate hike may be coming to an end soon.
On the other hand, in the UK and the euro zone, where monetary authorities have been trying to tame consumer price rises to 2 per cent, inflation is proving to be stickier.In the UK, the Bank of England has raised interest rates 14 times since December 2021 to 5.25 per cent, where inflation cooled to 6.7 per cent in August. In the EU, the European Central Bank lifted the interest rate to a record high of 4 per cent on September 14, as inflation hovered at 5.2 per cent last month. Inflation in the euro zone is predicted to be 5.6 per cent on average in 2023.
With Hong Kong following the Fed, the rate cut moves will be quicker, unlike the UK and Europe, where it is more likely at the end of 2024, Bailey said, adding that the falling rates are likely to boost home prices in the US, but may take some time in Hong Kong.
Lived-in home prices in Hong Kong fell 1.1 per cent in July, the most this year, according to the latest official data.
Meanwhile, developers have been extending price cuts at their new project launches in a bid to dispose of their current stock, with the likes of CK Asset’s Coast Line project and Villa Garda by Sino Land, K Wah International and China Merchants Land offering discounts of as much as 16 per cent.
Overall, the agent said the “worst” of the uncertainty is likely over for global property markets.
“In 2022, you had a period when it was clear inflation was rising rapidly,” the agent said. “No one quite knew the end game, how far it would go on, but now we’re probably at a point where we’re getting close to the end of the tightening cycle.”
Global property prices will probably be at their lowest level in the first quarter next year, the agent added.
Besides interest rates, other factors are likely to influence the direction of home prices next year, another agent said.
“In the US, a supply shortage will keep prices nearly flat over the next six months and drive increases in home prices by around 5 per cent in 2024,” the agent said. “In Hong Kong, the slower economy and low transaction numbers will keep the market sleepy until the middle of 2024.”
For the UK, the agent said property prices should find their bottom in the first quarter of 2024 and begin to recover later in the year.
(South China Morning Post)