加路連山道商地 估值達248億

下季將推出 樓面呎價約2.3萬元

發展局公布新一季賣地計劃中，銅鑼灣加路連山道商業地可建樓面高達107.6萬平方呎，屬區內難得大型商業地供應，業界估值高見248億元，每呎樓面地價約2.3萬元。有業界人士認為，疫情衝擊商廈市道，財團料保守，故有可能流標收場。

發展局局長黃偉綸公布本財政年度第四季 (2021年1至3月) 賣地計劃，銅鑼灣加路連山道為唯一商業地，該地盤面積約15.9萬平方呎，按地積比6.8倍計，可建總樓面約107.6萬平方呎，屬具規模商業項目。

疫情衝擊 有測量師憂流標

翻查資料，規劃署早於10多年提出將銅鑼灣前機電工程署舊總部、郵政體育會、電訊盈科康樂會及前民安隊大樓等組成的大型用地改劃，擬分為南、北兩幅地皮發展。其中北面地盤便是今次的加路連山道地皮。據分區大綱圖顯示，該地建築物高限將獲放寬至主水平基準以上135米，計劃可興建兩幢28至35層高商廈，其中一幢可遠望維多利亞公園一帶景致。

位置上，該地皮鄰近希慎 (00014) 旗下利園商廈王國，包括寫字樓、商場等，而現時利園寫字樓出租情況理想，呎租約60至70元。據測量師行估計，該地皮價值約113億至248億元，每呎樓面地價估值約1.05萬至2.3萬元。

不過，今年受疫情衝擊，商廈市道甚淡靜，甲廈空置率明顯上升，租金下跌。另一測量師稱，擔心銅鑼灣加路連山地皮會流標，認為現時商業環境不適合推出，估計同區持有商業項目的發展商有興趣競投，但出價未必太高。

(經濟日報)

更多利園寫字樓出租資訊請參閱：利園寫字樓出租

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文輝道再推地 呎價估逾5萬

整體供應達標 下季推3住宅地涉2240伙

政府銳意加土地供應，新一季計劃可有4,805伙新供應，連同首3季，年度供應約12,870伙，扭轉連續供應不達標的劣勢。而政府下季將推出的地皮中，包括山頂文輝道豪宅地，市場估值樓面呎價逾5.2萬元，有望締造新地王。

政府昨日公布下季賣地計劃，並將會推出3幅住宅地皮，涉及2,240伙，較上一季的630伙，大幅上升約2.6倍。3幅住宅地分布於山頂文輝道 (135伙)、啟德跑道地 (775伙) 及古洞北新發展區 (1,330伙) 。若連黃竹坑站第6期項目 (750伙) 及舊樓重建 (1,815伙) 全季共有4,805伙，按季上升約39%，並屬於今個財政年度最高。而連同首3季的土地供應，2020/21年度的土地供應為12,870伙，距離目標1.29萬伙僅僅30伙，接近達標。

今個財年 土地供應12870伙

除了大力增加供應外，新推地皮包括山頂文輝道9及11號地皮，可建樓面約14.7萬平方呎，投資總額相對上周推出文運道2至8號為細，市場估值約66.3億至76.6億元，最高樓面呎價5.2萬元，有望超越上周雙數號樓面呎價4.63萬元，締造地王新紀錄。

對於供應量距離目標尚餘30伙，發展局局長黃偉綸表示，需視乎下季需要改契的項目數量，才知道能否達標，又指今年市建局項目沒有供應，期望下年供應會增加。

而對於供應數目相對較少，他指政府不會評論推地會否對樓價造成影響，又解釋之前的私人住宅土地供應較現時高很多，因以往總需求較高，更重要是公私營房屋比例由六四比改為七三比，並承認雖然這對私營房屋供應有影響，但認為現時公營房屋的需求更迫切。

未來幾年 鐵路供應處真空

另外，團結香港基金土地及房屋研究主管葉文祺指，下季出售黃竹坑站第6期項目後，港鐵 (00066) 的土地儲備已所剩無幾，料未來幾年鐵路上蓋地皮供應可能處於一個真空狀態。他亦相信，是次推出的古洞北地皮會對日後新發展區的地價有指標作用。

市場人士稱，自2018/19年賣地計劃的1.8萬伙目標後，本財年逐步回落至1.29萬伙的目標，而2018/19至2020/21年間的賣地計劃中，估計可興建的單位數目合共只有約39,600個，較前3年 (2015/16年至2017/18年) 約65,510個大減近4成。但是，他相信短期私樓供應未會有顯著增長，故這對未來樓市有支持。

(經濟日報)

屯門250萬呎工商樓面 改劃發展

屯門的基建設施陸續落成，加速投資者的重建步伐，區內現有12宗工廈重建或改裝的申請，涉及約250萬平方呎的工商業樓面，單計「舖王」鄧成波持有的4宗申請，已提供近百萬平方呎的樓面。

屯門的跨境基建交通相繼落成，其中屯門至赤鱲角連接路剛於周日通車，令區內以至往返內地的交通更便捷，或會增加發展商投資及重建工廈的意慾，而鄰近西鐵屯門站的第9區，及杯渡路以南的第12區，近年吸引不少發展商及投資者買入工廈，並重建為其他用途。

舖王持4項 酒店面積佔6成

11月公布的《施政報告》提及，發展局會推行「標準金額」徵收補價先導計劃，市場料可以加快工廈重建步伐。而資深投資者「舖王」鄧成波為區內最積極參與重建者之一，他在區內擁有4個工廈項目，合共約98.56萬平方呎，其中最具規模為東亞紗廠工業大廈。項目現為15層高的工廈，並已申請改裝及加高兩層，擬發展為酒店、辦公室、商店及服務行業等，提供約943個酒店客房，涉及發展樓面面積約46.64萬平方呎，當中酒店樓面佔逾6成。

另外，位於建豐街4號，前身為有成工業大廈，已獲批准改建成酒店、辦公室及商店等用途。項目樓面面積約22.99萬平方呎，目前為悅品度假酒店。而鄧成波旗下位於新合里1號及3號的鈞善工廠大廈及愛善中心，前者早年獲批改裝為1幢樓高約10層的寫字樓，用作寫字樓、商店、服務、私人會所及食肆等用途，而後者則改裝為1幢28層高的商廈，涉及樓面約28.93萬平方呎，不過兩者最終獲發展商命名為滙賢一號，並分拆出售。

英皇兩工廈合併重建

另一邊廂，英皇國際 (00163) 旗下位於新安街15號的山齡工業大廈，原先申請全幢改裝作食肆及商店，樓面面積約5.6萬平方呎。不過，在政府最新的工廈活化政策下，發展商改為將連同旁邊的寶泰工業大廈一併重建，期望獲得額外增加約3.8萬平方呎樓面，並計劃興建成1幢22層高工廈，涉及總樓面面積約22.8萬平方呎，估計最快於2024至2025年落成。

(經濟日報)

黃竹坑站5期突招標每呎補價1.01萬跌4%批出補地價64億料組財團減風險

受疫情升溫影響，近期樓市淡靜，港鐵黃竹坑站五期於上周二截收意向書，昨日突擊推出招標，該項目補地價逾64.37億，每方呎約10119元，較去年批出的黃竹坑站4期項目補價略低4%，受到疫情肆虐，料發展商將組成財團入標以減低投資風險。

黃竹坑站五期上周截收37份意向書，數量為港鐵項目第三高紀錄，港鐵於昨日推出招標。消息人士指，項目補地價逾64.37億，以可建樓面逾63152方呎計，每方呎補價為10119元，較去年9月批出的4期呎價10576元，略低於4%，惟仍然是黃竹坑站各期中排第三位。

4期去年補價每呎1.05萬

據了解，是次招標條款，除補地價及固定分紅比例約25%外，並須以價高者得的「一口價」決定勝負，該項目將於下月26日截標，提供2座住宅大樓，不多於1050伙，平均每個單位面積605方呎，較第4期的約800方呎的面積為小，是現時已推出的1期至5期當中，平均單位面積最細的一期。

「一口價」決定勝負

有測量師指，港鐵沿綫項目具其吸引力，加上不少發展商於區內擁有項目，具一定發展經驗，亦因具協同效應，吸引發展商競投發展。該項目規模大，不排除發展商以合組財團或中港合資參與發展，惟受疫情影響，料發展商出價會較保守，料每方呎地價介乎1.6萬至1.8元，項目估值介乎110億至123億。

落成後料呎價2.5萬

另一測量師指出，是次補價低於去年的第4期，反應疫情影響，第5期預計連同補地價和分紅等因素，每方呎樓面地價可達1.6萬。以總樓面計算，估值約101億，落成後每方呎料可賣2.5萬。

共收37份意向書

測量師表示，受第4波疫情影響，近期市況向下，黃竹坑站5期補地價較第4期低約4.4%，補地價金額跟隨市況調整。政府推地步伐放慢，鐵路沿綫優質地段罕有。項目鄰近港鐵黃竹坑站，坐享南港島綫之便，周邊配套齊全。近日疫情雖然持續，未有影響發展商持續買地投資的決心，料項目落成後以中型單位為主，連同補地價每呎樓面地價約16000元，地價約101.8億。

是次第5期共收37份意向書，參與的發展商包括長實、新地、恒地、信置、會德豐、南豐、華懋、英皇國際、其士、爪哇、遠東及帝國集團等；中資則有碧桂園、旭輝集團、中國金茂控股等。而過往，港鐵推出的黃竹坑站上蓋發展項目，收到標書由，以2017年1月招收意向書的第1期 (後由路勁基建及平保投得項目)，收到最多意向書，當時共收到39份。

黃竹坑站對上一期項目為4期，於去年10月，由嘉里、信和、夥拍太古地產合組財團，力壓其餘5家財團投得，第4期每方呎補地價10587元，採用固定分紅比例25%，與第5期一樣，財團的最高「一口價」，成為奪地關鍵。

(星島日報)

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美政府沽壽山村道屋地造價逾25億矚目

雖然今年整體豪宅成交量，較去年有所下滑，但市場仍不乏大額成交，其中，以恒隆斥25.66億，購入南區壽山村道37號屋地，最為矚目。

受疫情影響下，今年豪宅屋地亦不乏大額交投，其中，恒隆於9月斥25.66億，奪得原由美國政府持有的壽山村道37號屋地，以可建樓面約4.7萬方呎計，每呎樓面地價5.4萬，相隔20年後，再奪本港地皮。

購得地皮後，發展商將重建成多幢獨立大屋，將於2024年落成，料投資額約40億。但是次成交呎價，相較兩年前華潤置地以樓面呎價約8.6萬，涉資約59億購入毗鄰的壽山村道39號地皮，低約37%，但目前豪宅市況難以與當時相提並論，始終去年出現反修例政治事件，加上疫情夾擊，本港經濟情況轉差，內地豪客幾近絕迹，不少豪宅新盤急煞停推，價格難免受壓。

山頂道地皮逾33億易手

另外，今年8月時，由中渝置地主席張松橋持有的山頂道75號項目，即前何東花園地皮，其一半地盤以逾33.88億易手。

據土地註冊處資料顯示，鄉郊建屋地段第670號A分段、即山頂道75號項目其中一半地盤，獲買家GOLDEN MARKET DEVELOPMENTS LTD於8月時購入，屬一家海外註冊公司，買家於同一日簽署及完成買賣合約，市場料有機會屬內部轉讓。此外，由於買家以公司名義購入，須繳付達樓價共30%的雙辣稅，涉及稅款逾10億。

(星島日報)

37 chase Wong Chuk Hang MTR package

MTR Corp (0066) has received 37 expressions of interest for its Wong Chuk Hang station package five property development and opened tenders starting from Tuesday.

The land premium was HK$10,119 per sq ft, 4.4 percent lower than the last batch, with the figure for the project reaching HK$6.431 billion.

The tender closes at 2 pm on January 26.

The project situated on Aberdeen Inland Lot No 467 has a maximum residential gross floor area of nearly 636,152 square feet, providing not more than 1,050 residential units.

The news came as average home prices fell to the lowest in seven months in November, while home prices are expected to fall by 1 percent, the first drop in 11 years.

The private domestic price index fell by 0.18 percent month on month, or 1.27 percent year on year, to 380.4, data from the Rating and Valuation Department showed.For January to November, the official home price index rose 0.32 percent.

The private domestic rental index inched up by 0.06 percent month on month to 178.6 last month, which is still 6.39 percent lower than a year ago.

For 11-month period, the rental index dropped by 5.85 percent.

Kerry Properties (0683) is set to launch two luxury units in Mont Rouge in Beacon Hill for sale by tender on Saturday. The tender ends in March.

The two three-room units have an area of 1,760 and 1,699 sq ft, according to the sales document.

(The Standard)

For more information of Grade A Office for Lease in Wong Chuk Hang please visit: Grade A Office for Lease in Wong Chuk Hang

For more information of Grade A Office for Sale in Wong Chuk Hang please visit: Grade A Office for Sale in Wong Chuk Hang

Race looms as tender is set for top sites

The SAR government will offer for tender a commercial site in Causeway Bay with a gross floor area of 1.07 million square feet, as well as three residential plots, to accommodate 2,240 units in total during the first quarter of next year.

The plot at Caroline Hill Road in Causeway Bay, which was rezoned after serving as the Electrical and Mechanical Services Department's former headquarters, covers an area of 159,305 sq ft and provides a total gross floor area of 1,076,391 sq ft.

A property consultancy valued the site at HK$14 billion, or HK$13,000 per buildable sq ft.

The site is near the Leighton Centre office building and Hysan Place and Lee Gardens shopping malls, all of which are developed by Hysan Development, the biggest landlord in Causeway Bay.

The other three residential sites are Kai Tak Area 4E Site 2, one in Fan Ling's Kwu Tung in New Territories and one that comprises 9 and 11 Mansfield Road on The Peak.

Kai Tak Area 4E Site 2, which sits on the runway of the former airport, measures approximately 117,900 square feet. With a plot ratio of 5.5, the site has a total floor area of approximately 648,450 sq ft.

The seafront site, which neighbors Metro Park and Kai Tak Cruise Terminal, offers a panoramic view of Victoria Harbour. Surveyors has valued the site at HK$9.73 billion, or HK$15,000 per buildable sq ft. The site on 9 and 11 Mansfield Road on The Peak measures 54,541 sq ft, with a gross floor area of 145,652 sq ft. Surveyors has valued the site at HK$6.7 billion, or HK$46,000 per buildable sq ft.

Wharf won the tender for the plot occupying 2, 4, 6 and 8 Mansfield Road for HK$12 billion, or HK$46,272 per buildable square foot, last week, with the per square foot price hitting a new high for a residential site in Hong Kong and beating market expectations.

The government had offered to sell the plot, which occupies 2, 4, 6, 8, 9, and 11 Mansfield Road, in 2018, but the tender was canceled after bidders failed to meet its reserve price.

Meanwhile, surveyors values the Kwu Tung North site, which covers a total area of 200,210 sq ft with a gross floor area of 1.2 million sq ft, at HK$6 billion, or HK$5,000 per buildable sq ft.

In addition, MTR Corp (0066) plans to sell by tender next quarter Package 6 of the Wong Chuk Hang Station project, which will produce about 750 units.

Taking all sources of private housing land supply into account, the total supply next quarter will be about 4,800 units.

(The Standard)

For more information of Office for Lease in Leighton Centre please visit: Office for Lease in Leighton Centre

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For more information of Grade A Office for Sale in Wong Chuk Hang please visit: Grade A Office for Sale in Wong Chuk Hang

Hong Kong poised for first annual decline in home prices in 12 years as coronavirus deepens recession, adds to unemployment woes

The fourth wave of Covid-19 infections is likely to tilt the market into negative territory in December after home prices slipped again last month

Analysts predict house prices will drop by as much as 5 per cent next year

Hong Kong looks likely to record its first annual drop in home prices for 12 years as a fourth wave of coronavirus infections threatens to worsen the city’s recession and unemployment problem.

The official price index for used homes slipped 0.2 per cent to 380.4 in November, the lowest level in seven months, according to an earlier-than-expected release from the Rating and Valuation Department on Tuesday.

November’s index is 1.3 per cent lower than it was a year ago, and although it is 0.2 per cent higher than it was in January, analysts believe the full impact of the current spike in Covid-19 cases will show up in this month’s data.

“Including December, home prices should drop about 1 per cent for the whole year,” property agent said. “This would be the first drop in 12 years, because of the rally of 11 years from 2009 to 2019.”

The slide could be attributed to the coronavirus pandemic, which has led the city into its deepest recession and highest unemployment level in decades, the agent said.

“The impact of the fourth wave will be fully reflected in December, when the drop will widen to about 1 per cent,” the agent said. Home prices in January and February “will be relatively downbeat because turnover is downbeat in the new year traditionally, coupled with the [impact of] social-distancing measures”.

Home prices will be down 5.4 per cent at the end of the year, compared to their peak of 396.9 in May 2019, the agent added.

The outlook for Hong Kong’s famously pricey housing market is not good for 2021 either, according to most forecasts.

Prices in the non-luxury “mass market” will drop by as much as 5 per cent next year, according to another property agent, though the fall will stabilise by the second half. Another property agent sees prices in the luxury residential segment falling by about the same amount.

“If the local economy further contracts in 2021, this may directly impact on the employment level and hence purchasing power of homebuyers,” agent said. “The containment of Covid will also impact short-term purchase sentiment in the market, as reflected in the previous falls in transaction volume whenever a new wave of Covid emerged.”

The total value of pre-sold new homes in the coming six to nine months is likely to be lower, according to a analyst.

“When people are cautious about the general economic outlook, and investment demand is weak, the luxury market’s residential prices and volumes are likely to be more affected and see higher volatility in the near term,” analyst said. “Wider discounts are already observed.”

Launches of new developments have been frequently delayed during the pandemic amid slow government approvals, unfavourable market sentiment, and difficulties in making sales arrangements.

Only about 13,000 units were launched in 2020, far less than the average range of 18,000 to 20,000 units recorded previously, according to developer K Wah International.

But Tony Wan, director of sales and marketing for Hong Kong property at K Wah, struck an optimistic note, predicting that transaction volumes will bounce back to pre-pandemic levels and prices will see a single-digit percentage growth.

Wan expects the number of new units to go on sale in 2021 to be around 30,000, mainly in developments located in strategic locations or above MTR stations, such as those at Kai Tak, Wong Chuk Hang and Lohas Park.