The market conditions are slightly slower.
The recent investment climate has slowed slightly, and there are veteran local families with more capital, and they have the opportunity to buy property for long-term investment.
August industrial and commercial shop registration price drop
According to the latest Integrated Land Registry of the Information Services Department of the United States and the United States, the number of registered industrial and commercial shops in August was 755 (excluding internal transfer cases of over $1 billion), which fell by 14.1% month-on-month. At the 10-month low, the total investment was about 7.285 billion yuan, down 33.3% month-on-month. In fact, in the past two months, affected by various factors, the sale and purchase of industrial and commercial shops of more than 500 million yuan was obviously not as good as that at the beginning of the year.
From the recent large-scale transactions, the local old-fashioned family has entered the market more, such as some local consortia that are not active, and recently they have also invested heavily in buying goods. The Lihua Technology Center, Gongyi Street, 69-71 Kwong Yip Street, Kwun Tong, was held by Lihua Garment. According to market participants, the transaction price is about 1.2 billion yuan. The property has a site area of about 10,000 square feet. It was completed in 1995. It is an industrial and trade property with a 25-storey building and a total floor area of about 118,000 square feet. The price is about 10,000 yuan.
According to the information, the current director of the property company is Sun Chi Lan, whose family is a long-established electrical appliance manufacturer in Hong Kong. It is a relatively low-key and now holds luxury homes, commercial buildings and serviced residences. The value is higher at 80 Gloucester Road, Wan Chai. The commercial building, located in the core area of Wanchai, was originally refurbished for the property. The total floor area is about 55,000 square feet, with an estimated market value of about 2 billion yuan. This is the purchase of Lihua Technology Center, which is expected to be long-term investment and rent collection. It is understood that the property has been approved for conversion to hotel use, and it is not excluded that new buyers will be rented by the hotel in the future.
In addition, the Lai Chi Kok Wai Fai Shopping Centre has recently been sold for about $900 million. It involves 43 private shopping spaces and 10 lorry loading and unloading points in the three-storey shopping mall. The property is underground to the 2nd floor and 3 storey shopping malls. The total floor area is about 100,000. Square feet. The tenants of the mall are mainly merchants and restaurants, such as restaurants and restaurants. The occupancy rate is over 90%. The monthly rental income is about 2.8 million yuan. Now it is sold at 900 million yuan. The price is about 9,000 yuan and the return rate is about 3.7 percent. Looking for information, the property was originally held by Fortune Industrial (00778). In 2015, Pengli Assets Fund was purchased for about 648 million yuan, and then it was refurbished. Now it is sold for 3 years and the book profit is about 252 million yuan. According to the news, the new buyer is Yonglun Group, which is purchased for long-term rent collection.
Yonglun Group has accumulated 5 billion yuan into the market this year.
In fact, the Yonglun Group entered the market very aggressively this year, aggressively attacking industrial and commercial shops and luxury homes. It first purchased the W Square commercial building in Wanchai from Yongtai (00369) for 2.85 billion yuan at the beginning of the year, and then purchased Jinzhong Far East for about 660 million yuan. The full-floor unit on the 33rd floor of the financial center has a transaction price of 61,000 yuan, which is the most expensive commercial building. In addition, this year, relying on the registration of No. 23 house with a turnover of 220 million yuan, the unit has a saleable area of 2,378 square feet, and the transaction price is 92,515 yuan. The registered buyer is the chairman of Maosheng Holdings (00022) Lun Yaoji. In other words, the group has accumulated about 5 billion yuan to enter the market this year.
In addition, individual veteran families are engaged in mergers and acquisitions. For example, Hang Seng Bank (00011) has raised the price by more than 30%, and bought the last group of the old building of Duke Street in Ho Man Tin for 32.5 million yuan. The cumulative investment is nearly 318 million yuan, which is expected to rebuild about 24,500 square feet of residential buildings.
According to the analysis, recently, due to factors such as the warming of the Sino-US trade war and the increase in interest rates, traditional investors have turned more cautiously, and mainly based on dumping goods, including Wang Dengcheng and Da Honghui, all of which have launched their property tenders. At the same time, the well-funded old family and the local consortium, which mainly relies on long-term rent and rent, took the opportunity to purchase the property. Because of the relatively high rate of return and long-term investment, they did not worry about the market situation.