西九龍逾410萬呎商業項目 新地佔7成

西九高鐵站「巨無霸」商業地在去年由新地 (00016) 以約422億元投得，商業樓面達316.5萬平方呎，連同尖沙咀一帶重建項目，西九龍一帶未來商業樓面供應逾410萬平方呎。

西九高鐵站地王成最大單一商業項目

西九龍及尖沙咀一帶屬於本港核心商業區之一，在廣深港高鐵綫近年通車亦帶動區內商業發展，當中屬於西九高鐵站上蓋的大型商業地，在去年由新地以約422億元投得，每呎樓面地價約1.3萬元，而地價金額則破政府賣地史新高。

該幅商業地王佔地約64萬平方呎，最高可建樓面約316.5萬平方呎，按照之前所入的規劃方案，將會興建3幢樓高20多層的辦公室，而基座則為一個約30萬平方呎的零售商場，將會是香港站上蓋國際金融中心等之後，最大的單一商業項目。

地皮由新地以附屬公司投得，並已經由公司大股東郭氏家族以約94億元入股部分股權，早前亦有媒體傳中國平安 (02318) 亦有意入股，並擁有其中一幢商廈。

除了該廈商業地之外，區內亦有不少重建項目正在進行，合共提供約90萬平方呎商業樓面。當中政府在2014年批出的中間道商業地，前身為停車場，由恒地 (00012) 以約46億元投得，每呎樓面地價約1.38萬元。

項目將會興建成17層高的銀座式商廈H Zentre，項目已經在去年落成，總樓面約34萬平方呎，屬於一幢以醫療及健康生活為主題，配以餐飲、零售及停車場設施的商廈，當中部分租戶已經陸續進駐。

海員之家重建作酒店及會所

至於同樣位於中間道的「海員之家」，近年亦展開重建，並招標由帝國集團投得將會興建1幢酒店，並設一個新的會所重置現有「海員之家」俱樂部。項目樓高40層，總樓面涉約34.7萬平方呎，當中低層的會所佔最多約4.95萬平方呎，其餘近30萬平方呎樓面會用作酒店，總投資額約60億元，預計項目約2021至2022年落成。

不少尖沙咀區舊樓亦陸續重建，包括金馬倫道35號及金巴利道39號金興大廈分別獲得投資者財團收購業權，將可發展成單幢新商廈物業，預計兩地盤可重建樓面涉約11萬平方呎。另外，漢口道43至49A號的漢口大廈，亦獲新世界 (00017) 或相關人士收購重建，料可興建1幢商廈，總樓面約13.9萬平方呎。

 (經濟日報)

長實古洞北申放寬地積比

長實旗下古洞北兩幅地皮，新近向城規會申請放寬兩成地積比及高限，以作住宅發展，兩地合共提供約1136伙。據城規會文件顯示，古洞北丈量約份第95約的多個地段，涉及2幅土地(23A及26A地盤)，其中最大的一幅土地(地盤26A)，屬住宅(乙類)地帶，佔地面積約13.84萬方呎，新近提交優化方案，申請略為放寬2成地積比由3.5倍，增至4.2倍發展，總樓面約58.11萬方呎，計畫興建5幢住宅，涉及832伙。

共提供約1136伙　　

而另一幅土地(地盤23A)，佔地面積約5.35萬方呎，擬議地積比率4.2倍發展，涉及總樓面約22.48萬方呎，計畫興建2幢樓高26至27層住宅，包括2層地庫，涉及約304伙。　　

申請人指，社會普遍認為需要透過增加土地供應，以滿足強勁的住宅需求，而增加鄰近古洞北新發展區市中心用地的發展密度，可望更有效使用土地資源提供更多住宅單位，以滿足增長中的房屋需求。　　

另外，恒基及會德豐地產等合作發展的大埔林村項目，佔地面積185.59萬方呎，住宅部分可建樓面約84.54萬方呎，新近亦向城規會提供優化方案，項目幢數由36座增至37座樓高3至4層發展，伙數維持不變，同樣提供1309伙。

 (星島日報)

CK Asset seeks easing of site restrictions

CK Asset (1113) has submitted an application for a relaxation of the plot ratio and height restrictions of two sites at Kwu Tung North to the Town Planning Board in order to develop residential projects that will provide 1,136 residential flats.

The same application was submitted for the land plot and two nearby sites for the construction of over 2,000 units, but approvals have not yet been received.

The two sites are located between Tong Kok and Beas River, and measure approximately 138,000 sq ft and 53,500 sq ft respectively. The group applied to relax the plot ratio 4.2 times to 581,000 sq ft and 225,000 in terms of total gross floor area, resulting in 832 and 304 residential units respectively, as well as one non-residential building on each site.

Li Ka-shing and his son Victor Li Tzar-kuoi have spent HK$83.9 million to increase their stake in CK Hutchison (0001) and CK Asset (1113) over four consecutive trading days.

A company owned by both the younger and elder Lis purchased 1.959 million shares in CK Asset (1113) on April 1, 2, 3 and 6 at an average price of HK$42.3881, HK$42.7875, HK$42.9860 and HK$43.45 per share respectively.

Another company owned by the Lis bought 101,500 shares in CK Hutchison (0001) last Friday at an average price of HK$52.0514 per share.

The two companies allowed investors to take part in e-shareholder meetings.

Meanwhile, Swire Pacific (0019) and Cathay Pacific Airways (0293) will make special arrangement for shareholder meetings. No refreshments will be offered and there will be special seating arrangements to prevent the spreading of the virus.

 (The Standard)

Sham Shui Po redevelopment attracts 17 bids

The Urban Renewal Authority has received 17 bids for the Tonkin Street/Fuk Wing Street development project in Sham Shui Po.

Henderson Land Development (0012), Chevalier International (0025), Emperor International (0163), Wing Tai Properties (0369), Lai Sun Development (0488), Wheelock and Co (0020), Sino Land (0083), Far East Consortium International (0035) and K&K Property have all submitted tenders.

CHFT Advisory and Appraisal valued the project between HK$9,000 and HK$9,500 per square foot, while other surveyors estimated the project to be worth nearly HK$1 billion.

This came after a non-industrial site in Mongkok was tendered out for only HK$3,658 per buildable sq ft last month, having received just five bids. The land plot at Reclamation Street and Shanghai Street was awarded for only HK$85.9 million, hitting a 16-year low for the district.

Amid a gloomy property market, Wing Tai Properties (0369) named its Tai Lam project at 166 Castle Peak Road Oma by the Sea, offering 517 units.

In secondary sales, a homeowner of a 912-sq-ft unit at Fleur Pavilia in North Point slashed the asking price by HK$1.5 million to HK$26.5 million for the foreclosure sale.

And a 517-sq-ft flat at Telford Garden was sold for HK$6.5 million or HK$12,500 per sq ft, HK$1 million lower than the initial asking price.

Another surveyor said the nine-year-high unemployment rate in the city is putting pressure on local housing prices and it expects home prices to fall by 10-15 percent in 2020.

Bank of America expects primary property prices to drop 15 to 20 percent and secondary property prices to fall 10 to 15 percent this year.

However, Morningstar said with low interest rates in the medium term and confidence in the city's future remaining firm, the property market is unlikely to see a large-scale decline.

Meanwhile, in the commercial property market, real estate agency expects office rents to fall by 13 to 18 percent this year as the overall availability rose to 10 percent in the first quarter, a 10-year high. It also forecasts 1,000 restaurants will shut down.

Bank of America also expects the rent of offices to decrease 10 to 20 percent and the rent for shops to drop 5 to 20 percent in 2020.

 (The Standard)