受疫情等因素打擊，商廈市場陰霾密布，租金持續下滑。消息指，上環信德中心西座中層海景優質戶，於交吉僅約一個月，以每呎約50元租出，低市價約一成，較租金急挫約31%，據業內人士指出，中港兩地至今尚未通關，甲廈需求持續疲弱，加上市場正值供應高峰期，料甲廈租金持續調整。
甲廈租金急下滑，據市場消息透露，上環信德中心西座中層9室，建築面積約1391方呎，新以每呎約50元租出，月租約69550元。據地產代理指出，上址坐享開揚維港海景、並附設雅致裝修，屬甲廈優質單位，上一手租金為每呎73元，租戶於本月初租約屆滿遷出，故單位交吉僅一個迅即租出，惟最新租金較舊租急挫約31.5%。
屬「沙士貨」物業
代理亦指出，即使該甲廈近期呎租曾跌穿40元關口，惟該類單位主要外望山景，與上址質素明顯有別，上址同類單位以每呎55元至60元放租，故上述租金較市價低約一成，反映甲廈租務市場仍然疲弱。此外，上址業主早於2003年購入上址，當時因「沙士」肆虐，市場正值低潮期，當時購入價僅438萬，以最新租金計，租金回報相當不俗。
屬海景優質戶
有代理分析指，受疫情打擊、加上市場正值供應高峰期，令核心區甲廈租金持續受壓，能否復甦取決於能否順利通關。不過，政府早前宣布放寬入境檢疫安排，縮短抵港人士酒店檢疫期及推行「紅黃碼」，是邁向全面通關好開始，為寫字樓市場帶來曙光。
上環信德中心屬本港指標甲廈之一，惟近期該廈頻錄租金下滑個案。資料顯示，信德中心西座中層4室，建築面積約1440方呎，於上月以每呎36元租出，月租約51840元。據地產代理指出，上址早前為自用物業，業主於2015年以3024萬購入，平均呎價約2.1萬，以最新租金計，租金回報約2厘水平。 據代理行資料顯示，該甲廈近期頻錄承租個案，其中，最近期個案為該廈低層8B室，建築面積615方呎，早前以每呎約52元租出，月租約31980元。
該甲廈對上低位租金需追溯至2020年10月，為該廈西座中層3室，建築面積1354方呎，當時以每呎約30元租出，月租約40620元。
(星島日報)
更多信德中心寫字樓出租樓盤資訊請參閱：信德中心寫字樓出租
更多上環區甲級寫字樓出租樓盤資訊請參閱：上環區甲級寫字樓出租
嘉民3.8億購葵涌工廈逾7成業權
「鋪王」鄧成波家族於疫市下連環沽貨，該家族早前售出葵涌泉基工業大廈約72.53%業權，成交價為3.8億，買家身分終曝光，為外資基金嘉民集團相關人士，以總建築樓面約16.8萬方呎計，呎價約2262元。
低市價逾2成沽出
據地產代理指出，鄧成波家族於2019年起分段購入上述工廈業權，合共涉資約6億，故以最新易手價計，持貨3年帳面蝕讓2.2億，物業期間貶值約36%，同時，以該工廈市值呎價約3000元計，成交呎價亦較市價低逾兩成。
本報昨日就上述消息向鄧成波孻仔鄧耀昇旗下陞域集團作出查詢，該集團發言人對消息不作回應。
據了解，目前該物業部分樓面連約，部分交吉，買家認為進可攻，退可守，物業可作長綫收租，日後更有統一業權作重建，重建發展的可能性。
泉基工業大廈坐落於健康街15至23號，於1977年落成，樓高15層，佔地約2.5萬方呎，設有4部運貨電梯，以及一部客梯，並提供大量車位及設有一個貨櫃車上落貨設施。
(星島日報)
屯門工業區「變天」成商貿中心 財團改劃8項目 涉總樓面360萬呎
在「北部都會區」發展計畫下，不少財團積極改劃區內用地發展；據本報統計，目前屯門工業區有至少8個項目改劃作商廈或全新工廈等發展，涉及約360.4萬方呎樓面，未來搖身一變轉型成為區內新一個商貿區，可為區內提供就業機會和促進屯門工業區轉型。
近年屯門區發展步伐加快，多個重要交通基建及配套相繼落成開通，加上在北都計畫下，未來本港商業中心將向新界西伸延，故不少財團更隨即起動紛紛把區內工廈項目改劃商業項目發展，當中區內最具規模的私人發展商項目、則為新地早前就屯門工業區內的兩幅車廠用地 (九巴車廠及前九巴車身裝嵌廠) 及連同毗鄰私人持有的商廈，向城規會申建3幢「巨無霸」商廈，涉及可建總樓面約208.08萬方呎，發展規模將成為屯門區最大型的商業項目。
九巴車廠申建「巨無霸」商廈
項目位於屯門市地段第79、80、81號及毗連政府土地，現為九巴車廠、建豐街1號前身是九巴的車身裝嵌廠 (現為物流中心) 及嘉栢中心I，鄰近港鐵屯門站、私樓瓏門；地盤面積約40.07萬方呎，包括約18.17萬方呎政府土地，地積比約9.5倍發展，擬建3幢樓高27至32層，另有3至4層地庫的商廈，亦提供約922個車位，涉及可建總樓面約208.08萬方呎。
由財團持有的河田街2號東亞紗廠工業大廈，早前亦曾向城規會申請改裝全幢工廈，發展酒店、辦公室、商店及服務行業，項目地盤面積約7.2萬方呎，現為樓高15層工業大廈，計畫改建部分大廈外牆，並於頂層增設兩層，改裝後總樓面約46.6萬方呎。
由彩星集團集團持有的彩星工業大廈，早年改裝全幢工廈，以發展作寫字樓、食肆、藝術工作室、設計及媒體制作等多種用途；改裝後建築物維持18層高，總樓面約31.29萬方呎。
東亞紗廠發展酒店寫字樓
英皇國際持有的屯門新安街兩幢工廈，即泰工業大廈和山齡工業大廈，2020年1月獲批合併重建，去年10月再向城規會遞交新發展方案，將上述兩工廈分拆作單獨重建，可建總樓面維持22.8萬方呎，今年5月獲城規會在有附帶條件下批准發展。
上述兩個項目分別位於新安街13號的寶泰工業大廈、新安街15號的山齡工業大廈，目前均屬「工業」地帶，地盤面積同為1萬方呎，同步申請放寬兩成地積比，由9.5倍增加至11.4倍發展，上述兩工廈分別重建為一幢樓高23層 (包括兩層地庫) 的新式工廈，可建總樓面約11.4萬方呎，即兩廈重建後合共可提供約22.8萬方呎工業樓面。
除商業項目外，同區亦有工廈申請作數據中心發展，由財團持有屯門精棉發展工業大廈、早前曾向城規會申請放寬兩成地積比，以重建一幢樓高19層的數據中心，涉及可建總樓面約16.96萬方呎。
(星島日報)
「起動九龍東」帶動觀塘寫字樓發展，有業主放售區內甲級商廈。觀塘道370號創紀之城3期10樓全層，單位面積約8,140平方呎，業主以意向呎價約1.4萬元放售。
有代理表示，業主去年底以8,800萬元購入，現放售價較不足1年前購入價高2,500萬元或28%。該代理續指，創紀之城3期鮮有全層放售，目前有一個中層全層放售，面積約8,140平方呎，意向呎價約1.5萬元，涉及總額約1.22億元。
(經濟日報)
更多創紀之城寫字樓出售樓盤資訊請參閱：創紀之城寫字樓出售
更多觀塘區甲級寫字樓出售樓盤資訊請參閱：觀塘區甲級寫字樓出售
新蒲崗東傲高層戶 1334萬售
近日工商舖新項目銷情不差，其中麒豐資本旗下新蒲崗東傲錄成交，涉1,334萬元。
消息指，東傲高層09室，面積約1,020平方呎，以1,334萬元易手，呎價約1.3萬元，造價頗理想。新蒲崗工廈東傲去年尾正式推出，反應理想，暫已售出逾8成樓面，套現約20億元。
另商廈租務方面，尖東康宏廣場高層04室，面積約2,750平方呎，以每呎約35元租出。同區漢口中心低層20室，面積約500平方呎，以每平方呎約29元租出。
(經濟日報)
更多康宏廣場寫字樓出租樓盤資訊請參閱：康宏廣場寫字樓出租
更多尖沙咀區甲級寫字樓出租樓盤資訊請參閱：尖沙咀區甲級寫字樓出租
Growing glut of new prime Hong Kong office space could further depress rents as ‘new normal’ sets in, analysts say
With 2.8 million sq ft of new prime space hitting the market this year, supply will reach a level not seen since 2008, consultancy says
Major lease signings, such as at Swire Properties’ Two Taikoo Place in Quarry Bay, are helping some developers weather the storm
Hong Kong’s supply of new prime office space is at a 24-year high, and rents are likely to drop by as much as 5 per cent this year as the market heads for a “new normal” with rents as much as 30 per cent below a 2019 peak, according to analysts.
With 2.8 million sq ft of new prime space hitting the market this year, supply will reach a level not seen since 2008, when it stood at 3.5 million sq ft, according to a property consultancy.
Moreover, analysts estimate that the supply of new office property will grow to between 4.3 million and 6 million sq ft in the next two years, putting further downward pressure on rents.
So far this year, overall office rents have retreated by 1.7 per cent to HK$55.10 (US$7) per square foot, according to a property agent.
The office availability rate, which includes confirmed leasing stock that is already vacant or will become vacant in the next 12 months, is likely to rise from 13.8 per cent now to as much as 17 per cent by the end of the year, the agent said.
“The higher availability rate could become a ‘new normal’ for the office landscape in Hong Kong, intensifying competition among buildings while net take-up remains slow,” the agent said.
Rents across key submarkets should stabilise in 2023 after correcting by around 20 to 30 per cent since the last rental peak in April 2019, the agent said.
“A substantial rental recovery could be challenging in the near term, given the economic and pandemic uncertainties that are disrupting business sentiment and hence new demand in the city,” the agent added.
The prime office vacancy rate currently stands at 12.3 per cent and is likely to slightly increase in 2023, according to another property agent, who estimates that office rents will remain flat or decline by as much as 5 per cent this year.
Despite the gloomy outlook, a few major leasing deals are helping property developers weather the slowing demand, according to a report by another property consultancy.
For example, mainland Chinese financial institution Citic Bank recently leased 150,000 sq ft in Swire Properties’ Two Taikoo Place in Quarry Bay, the consultancy said.
The 42-storey office tower, with a total gross floor area of 1 million sq ft, is slated for occupancy before the end of the year.
“As of early August, Two Taikoo Place is almost 50 per cent pre-leased,” said Don Taylor, director, office, at Swire Properties. “We’ll be welcoming tenants including Julius Baer, Amundi, BASF, and Boston Consulting Group, in addition to a bank which will be taking up 20 per cent of the tower’s lettable area as an anchor tenant.”
Citic has its Hong Kong headquarters in the Citic Tower in Admiralty. It is unclear whether Two Taikoo Place will be its new base in the city or merely an expansion of its footprint. Swire Properties declined to comment, and Citic did not immediately respond to an inquiry.
Office rents in Central average HK$111.60 per square foot, while in Hong Kong East, including Quarry Bay, they average HK$45.70, according to the property consultancy.
For Swire Properties, rents in its office portfolio in Admiralty, near Central, range from HK$95 to HK$120 per square foot, while those in Hong Kong Island’s eastern districts range from around HK$50 to around HK$70, said Taylor.
In Central, CK Asset Holdings, the property developer founded by tycoon Li Ka-shing, is set to complete the 41-storey Cheung Kong Center II (CKC II), which will have a gross floor area of 550,000 sq ft.
“Whilst Hong Kong remains an international financial centre, banking and finance, as well as professional-services firms are still the key demand drivers in the office leasing market, which represented 29.2 per cent and 17.5 per cent of the new lease transactions in the second quarter of 2022, respectively,” an agent said.
In recent months, with the Hong Kong and mainland China borders remaining closed, demand from traditional office tenants had weakened while thriving new economy companies, such as those related to cryptocurrencies, NFTs and blockchain technology, became a stronger source of demand for office space.
However, given the cryptocurrency rout, demand from such companies has also flagged, and the pendulum of major demand now appears to be swinging back to traditional office tenants.
“Financial institutions are major occupiers in Hong Kong’s grade A office market, wealth management and insurance in particular,” another agent said. “We do see them getting more active once the economy starts to pick up.”
The market also looks forward to the end of a lull that saw initial public offerings (IPOs) in the first half of the year in Hong Kong fall to their lowest level since 2003 in terms of funds raised.
“Law firms and the professional services will benefit once IPOs and businesses resume normal activities,” another agent said. “Healthcare and tech, albeit small in terms of space occupied, also have high potential.”
(South China Morning Post)
For more information of Office for Lease at Two Taikoo Place please visit: Office for Lease at Two Taikoo Place
For more information of Grade A Office for Lease in Quarry Bay please visit: Grade A Office for Lease in Quarry Bay
For more information of Office for Lease at Citic Tower please visit: Office for Lease at Citic Tower
For more information of Grade A Office for Lease in Admiralty please visit: Grade A Office for Lease in Admiralty
For more information of Office for Lease at Cheung Kong Center II please visit: Office for Lease at Cheung Kong Center II
For more information of Grade A Office for Lease in Central please visit: Grade A Office for Lease in Central
New flats at Novo Land in Tuen Mun sell out as young, first-time buyers take advantage of steep discounts
Sun Hung Kai Properties sold all 180 units on offer in the second phase of the project within about four hours on Wednesday
‘Nearly 80 per cent of our clients were young buyers considering the low entry price,’ a property agent said
The low-pricing strategy of Hong Kong developers proved effective once again as hundreds of mainly young first-time buyers flocked to the sales office of a large residential project in Tuen Mun.
Sun Hung Kai Properties (SHKP) sold all 180 units on offer in the second phase of its Novo Land project within the first four hours on Wednesday afternoon, according to agents.
The development is at 8 Yan Po Road, about a 25-minute walk from Siu Hong MTR station.
“The latest round of flats are priced 20 per cent lower than units that recently went on sale in the same area, which is very attractive,” another agent said.
The agent said that about 60 per cent of the potential buyers for Phase 1B were people who had been unable to get their hands on a unit when Phase 1A was launched at the end of July.
SHKP managed to sell 815 units, or 98 per cent of the units available in phase 1A for HK$5 billion, within 12 days of them going on sale at the start of August.
The latest batch of flats at the development attracted 12,887 potential buyers who registered an interest. The average price was HK$13,998 per square foot.
“Nearly 80 per cent of our clients were young buyers considering the low entry price,” the first agent said.
One buyer spent HK$12 million for two units, the agent said.
The units, ranging from 253 to 694 square feet, were priced between HK$3.41 million and HK$9.59 million, or HK$12,936 to HK$15,539 per square foot, after discounts of up to 15 per cent.
Eight units are to be sold separately through tender.
The cheapest flat on offer on Wednesday was a 253 square-foot unit priced at HK$3.4 million, or HK$13,489 per sq ft.
Novo Land comprises 4,639 units in total, to be developed in six phases. It is slated for completion in June, 2023.
There were 824 units in the first phase, and 800 in the second.
The agent said that August could record as many as 2,500 transactions of new flats, the highest in 20 months, given today’s sell-out at Novo Land.
Sales of lived-in flats, meanwhile, are likely to remain weak as developers are pricing new flats at steep discounts in a bid to lure buyers away from the secondary market at a time when interest rates are on the up.
Mortgage payments linked to the Hong Kong interbank offered rate (Hibor) have risen since March. The one-month Hibor was at 1.9 per cent on Wednesday, the highest in two years following an 11-day rally.
The effective mortgage rate – 1.3 percentage points above Hibor – has climbed from 1.43 per cent in January to about 2.5 per cent.
The Hibor-linked mortgage is capped at 2.5 percentage points below the prime rate, which stands at 5 per cent.
“If Hibor remains above 1.8 per cent for a period of time, the pressure on Hong Kong’s interest rate and banks’ capital costs will increase sharply,” a mortgage broker said.
“The pressure on banks to raise interest rates will increase, which may lead to an acceleration in the pace of raising the prime rate.”
The broker believes that the prime rate rise could go up in September.
(South China Morning Post)