有代理行统计，2月份共录约273宗工商铺成交，宗数创下6个月以来新高。

金额72.55亿按月升77%

该行代理表示，根据资料，2月共录约273宗工商铺买卖，按月升约26%，为过去半年以来单月新高；惟与第五波疫情前相比，仍有改善空间，按年减约28%，金额录约72.55亿，较上月急升约77%，主因月内录多宗大额成交，商铺最突出，月内录共9宗逾亿成交中，商铺佔逾60%。

市场录9宗逾亿元买卖

代理续称，上月录约86宗备商铺买卖，总金额约37.89亿，分别按月升约50%及约77%，核心消费区铺位连录成交，旺角亚皆老街16至16B号旺角商业大厦地下E铺及1楼至4楼，总面积约1.7万方呎，市传以约3.5亿易手，曾获火锅店作旗舰店，高峰期月租逾90万，2016年迁出后分拆出租，现获3间食肆租用。

代理指，写字楼价量齐升，2月份宗数约42宗，按月微升约5%；金额录约23.74亿，按月攀升约1.6倍。观塘鸿图道73至75号 KOHO 全幢，以约17亿易手，呎价约8340元。工厦录约145宗成交，按月回升约22%，金额约10.83亿，与1月约10.42亿相若。

(星岛日报)

更多KOHO写字楼出租楼盘资讯请参阅：KOHO 写字楼出租

更多观塘区甲级写字楼出租楼盘资讯请参阅：观塘区甲级写字楼出租

湾仔商业地 入场门槛低吸引竞投

下财政年度 (2023至2024年) 将会推出3幅商业地，其中两幅位于传统核心商业地段，包括多年前已经计划推出的前湾仔警察已婚宿舍用地。该地属多年来区内罕有的商业用地供应，而且规模是3幅中最细，入场门槛相对低，估计将吸引不少发展商竞投，尤其是中型发展商。

前宿舍地 逾30年新供应

前湾仔警察已婚宿舍用地位于传统商业地段骆克道，附近有不少商厦，亦邻近世纪香港酒店、比邻前湾仔警署，目前规划为「商业 (4)」用地，最高地积比率限制为12倍，总楼面约23.9万平方呎，规模适中，市场估值18.1亿至26.2亿元，每呎楼面地价约7,600至1.1万元。

翻查卖地纪录，不计及2011年推出的酒店用地，湾仔逾30年来未曾有新商业官地供应，因此是次地皮供应罕有，而且地皮的规模适中，属于下财年推出的3幅商业地中规模最细，投资额相对较细，入场门槛较低，估计除大型发展商外，可吸引更多财团参战。

有测量师认为，地皮位置不俗，在沙中綫通车后更具优势，而且沙中綫通车后，区内未有商业地推出，所以地皮成交价具指标作用。参考上周批出的旺角洗衣街商业地已以低价批出 (每呎楼面地价约3,103元)，估计湾仔商业地每呎楼面地价只有7,600元左右。考虑整幅地皮规模及近期投标气氛后，预测可接获至少6至8份标书。

此外，上述用地早前已经放宽其建筑物高度限制，由80米 (主水平基準上，下同) 增加约37.5%至110米，估计日后建成项目最高楼层可达20多至30层。

(经济日报)

Novo Land sells out with more units to hit market

All 352 homes available at Sun Hung Kai Properties' (0016) phase 2B of Novo Land in Tuen Mun were sold out after the sales launched last Saturday, while the secondary market saw weekly transactions fall.

An additional 171 flats will be put on the market on Wednesday, as part of the 180 units revealed in the fourth price list last Saturday, said the developer. The latest batch of units was priced between HK$4.2 million and HK$9.3 million, or at an average price of HK$14,098 per square foot after discounts.

The project so far has been 29 times oversubscribed with a total of 10,691 checks received last week, cashing in at least HK$2 billion. It is the first new residential development project to receive over 10,000 applications after seven months when phase 1B of Novo Land got 12,887 checks last August.

In Tai Kok Tsui, Henderson Land Development's (0012) The Quinn Square Mile sold seven flats yesterday, raking in HK$41.58 million. The most expensive unit was a two-bedroom 382 sq ft flat, sold at HK$8.88 million. The remaining were studios and one-bedroom units ranging between 209 sq ft and 272 sq ft, with prices between HK$4.6 million to HK$6.5 million.

At least 600 deals were recorded in the primary market this month, a property agent said. The agent expects the figure to triple by the end of March to reach over 2,500.

In the secondary market, 17 secondary transactions were recorded in the ten benchmark housing estates over the weekend -- a decrease of 29 percent from last week's 24 deals, according to a property agency.

Whampoa Garden in Hung Hom notched up the most transactions at five.

Tai Koo Shing in Quarry Bay was the only housing estate that had zero transactions over the weekend, after five deals were made during a frenetic weekend late February.

Meanwhile, the number of transactions in Hong Kong's industrial, commercial properties and shops jumped by 27 percent to 273 last month from January, the agency said, marking the highest record in six months. The total considerations also rocketed 77.5 percent to about HK$7.2 billion, the agency remarked.

(The Standard)

Cheaper land in Hong Kong: what low-price parcel sales mean to buyers, renters, developers and government coffers

Developers are the only players likely to benefit from sales such as one in Mong Kok on March 1 that fetched 35 per cent less than a pessimistic estimate

The low-water mark for the slab of prime commercial real estate could have an adverse impact on government land revenue, analysts say

The recent sale of a parcel of prime commercial land in Mong Kok for 61 per cent less than the HK$12 billion (US$1.53 billion) some thought it might be worth is likely to mean a more handsome margin for Sun Hung Kai Properties (SHKP), rather than any profound change to the city’s real estate fundamentals, according to analysts.

SHKP prevailed over two other bidders to secure the 124,184 sq ft plot on March 1, winning the right to develop and lease the land for 50 years for HK$4.73 billion. That price is 35 per cent below the HK$7.3 million that a property consultancy estimated as the low end of the land’s value, and 61 per cent below the HK$12 billion it cited as the high end of the range.

Market observers were left to wonder whether the lower-than-expected bid indicates that lower rents or selling prices lie ahead in the property market, as well as what the transaction says about future government land sales.

The deal is “very good for SHKP”, said Raymond Cheng, managing director and head of China/Hong Kong research and property at CGS-CIMB Securities.

“The winning bid could be considered surprisingly low,” Cheng said. “It was a reflection of the current state of the market, particularly the office and retail segments. We expect office property prices to drop by 5 to 10 per cent year on year for 2023.”

SHKP plans to construct a 320-metre building with 1.52 million square feet of space on the site, which will be the “largest landmark office cum shopping centre in Mong Kok”, Raymond Kwok Ping-luen, SHKP’s chairman and managing director, said in a statement released on March 1.

Even given some constraints on construction on the site, the effective costs will end up being between HK$4,000 and HK$5,000 per square foot, “which is still quite cheap”, said CGS-CIMB’s Cheng.

“Our conservative estimate of the initial yield of about 5.5 per cent is quite high versus the average of 3 per cent during normal times,” Cheng said.

The property market will likely have recovered by the time SHKP starts pre-leasing the project, a property agent said.

“The commercial property market is expected to be better than the status quo in a few years,” the agent said. “Rental performance will be better after 2025, when the market is gradually moving from a tenant market to a balanced market.”

Now is a fortuitous time for developers to acquire parcels of land for their projects, according to another international property consultant.

“It is the right time for developers with a good balance sheet and strong holding power such as SHKP to enter the market,” an agent said, as the medium-term outlook is strong.

However, buyers and renters should not count on seeing lower costs trickle down to them, analysts said.

“It does not directly translate to cheaper office prices and rents when the buildings are completed,” the agent said. “Developers are conservative in land biddings as the prevailing development costs are high, including the interest-rate environment and construction costs.”

The current environment means higher risks for developers, given the poor uptake of office space at the moment, Au said, adding that they are being more conservative in their bidding as a way to minimise risk.

“SHKP will not only pay $4.7 billion for the site, but will invest a huge amount of capital and effort into developing the second-tallest commercial landmark complex in Kowloon,” said a representative from the developer, which plans to complete the project by 2030.

The tender came in the wake of unsuccessful sales of three other parcels of land – in Lantau Island’s Oyster Bay, Kwun Tong, and Stanley – so far this year, an occurrence that likely convinced the Lands Department to adjust its expectations for the Mong Kok site, a surveyor said.

“Due to lower land costs, [SHKP] may be able to offer a more reasonable rental level to the potential tenants,” the surveyor said. “Their construction costs, including financing costs required for the subject site, are significant. Therefore the developer reflected those in their bidding price.”

The Mong Kok site will be a reference point for other commercial sites to be sold outside the Central business district in 2023/2024, such as a 115,000 sq ft commercial and hotel site in Kai Tak, another agent said. The sale will also factor into land-premium discussions between the government and developers when it comes to converting developers’ sites for commercial use, the agent added.

“As such, this transaction price would cause an adverse impact on government revenue,” the agent said.

The government plans to put 18 more plots – 12 residential, three commercial and three industrial – on the market this year, contributing to a projected HK$85 billion in land premium income, according to Financial Secretary Paul Chan Mo-po.