Large turnover of successful core business by holding
The recent large turnover of the market boom, Colliers International Capital Markets and Investment Services Executive Director Zhen Jun Min that commercial buildings were home users are expected to dominate the commercial market next year, foot prices expected another 15% increase, and in addition to the core area, and the Central and Wan Chai commercial investment expected.
According to Colliers International, property turnover of over $ 30 million in the first 10 months of this year was as high as 141.6 billion yuan, 43% higher than the figure of 98.9 billion yuan last year. The sharp increase in turnover this year was mainly due to the substantial transaction volume recorded in nearly a month. Including Wheelock received a total of $ 9 billion in selling 8 Bay East in Kwun Tong to Greenview China (00095) , While the focus of the market is the recent move by Cheung Kong (01113) to sell 75% of the Central Center at $ 40.2 billion. The two transactions amounted to nearly 50 billion yuan.
Chinese market to accelerate after the third quarter
According to Zhenjun Min’s analysis, the recent large-value transactions, mainly from commercial buildings, are believed to be related to the central government’s decision-making. “In the first half of this year, the market entry of Chinese capital was not active and markedly accelerated after the third quarter. However, under the control of funds, it is difficult to spend large sums of money to buy properties in the first half of the year and I believe there has been a slight improvement in the near future. “He pointed out that there is a higher chance of approval of the purchase of assets by Chinese-funded businesses in Hong Kong if they have their own ingredients , So mainly to buy office buildings.
This year, the sales volume of commercial buildings reached 81.7 billion yuan, an increase of 74% over last year. According to his analysis, the transaction value of other property categories also increased. Not many of them are also related to commercial buildings. Due to the modified components, “the hotel turnover reached 13.3 billion yuan this year 6 times higher than last year. Apart from a slight improvement in the tourism industry, some new buyers purchased commercial hotels and deliberately converted into commercial buildings. ”
Buyers buy hotel converted commercial buildings
This year, the turnover of industrial buildings reached 19.1 billion yuan, up nearly 1-fold from a year earlier. “Since the industrial conversion mainly reactivated into commercial buildings and the revitalization policy is expected to restart, the sales of industrial buildings are also driven.” For this year to next year, Next year there is 10% to 15% increase, and to use the market-based.
In terms of zoning, he believes that the prime commercial buildings are always at the top of the high. However, due to the lack of funds, the funds flow to the two major border areas of Wan Chai and Sheung Wan. “Central China Gold 2 will cost 200 yuan per sq ft and the commercial rent in Sheung Wan will be about 60 yuan. Wan Chai is another area worth seeing. The Chinese prefer the Gloucester Road commercial buildings in Wan Chai, such as Everbright and Evergrande, as well as the entire block of office buildings in the lot. “As for the non-core area, he They think that East Kowloon and Wong Chuk Hang are constantly investing in the transformation as well. “East Kowloon is the ideal non-core area. At present, the problem is the supply of more and the rent not chased up. However, large-scale institutional relocation to the area at the beginning is worth the long-term optimism.” Wong Chuk Hang was mainly an industrial area in recent years. In recent years, One after another of new commercial buildings, coupled with the opening of the MTR, traffic convenient.
In the overall market, he said that with more market capital and lower interest rates this year, the investment market is booming and the fundamentals are hard to change in the short term. “Interest in Hong Kong is still low. Even if interest rates are likely to rise next year, the impact on property prices will be limited . “