The turnover of industrial and commercial shops this year continued to break 200 billion
Last year, the Commerce and Industry Branch recorded a large number of transactions. Due to the market’s attention, Huang Hancheng, chief executive of APL (00459), predicted that this year the market will continue its upward trend and the overall trading volume will once again exceed 200 billion yuan. .
With a total turnover of 9,124 and a total investment of 242.190 billion yuan, a total of 2,124 transactions were recorded in the commercial buildings. The transaction value amounted to 112.4 billion yuan, accounting for more than 4 transactions to make. However, as more flats were sold to flats, the number of registered flats reached the highest of 3 out of 5,081, but due to the lower selling prices, the amount involved was only $ 54.4 billion. There were also signs of recovery. The turnover of 1,939 transactions was 75.3 billion yuan, up 45% and 133% year-on-year, but still lower than the 5,800 cases in 2012.
Restart activation in the whole building look pretty house
As for the government’s chance of restarting the industrialization scheme of the industrial building during the year, Wong means that the industrial buildings in the whole block have better prospects and higher plasticity, and are therefore highly sought after by investors. However, the current market is not large in number and the owners may not be willing Even before the policy is put on sale, the premium will be very high even if it is released. There is little chance of succession. This year, the whole industrial estate is expected to be the most popular in the whole property market. The sales of flats in the flats will have a chance to soften. Since the market has been launched since the previous year, the absorption capacity of the home use is almost saturated. As a result, the total number of transactions is expected to slightly drop to 4,800, a decrease of about 5% while the selling prices and rents continued to rise, both of which rose at least 10%.
According to the information released by the Associated Press for the Department of Industrial and Commercial Information, last year, 23 blocks of industrial blocks were sold at a total cost of about 17.78 billion yuan, including BJK’s purchase of 2.16 billion yuan in Tsuen Wan Yung Nam Warehouse Building and a purchase price of 1.32 billion yuan Tong Yingya Building.
In respect of commercial buildings, last year, Henderson Land (00012) won 23.3 billion U.S. dollars to King Murray Road and the Central Center recorded a turnover of 40.2 billion U.S. dollars. Wong believes that the construction cost and the foot price of commercial buildings will certainly have another chance of breaking the roof this year. The core area will have the highest increase rate and the chance of bringing non-core areas to rise. Taking K11 Atelier in Tsim Sha Tsui for example, he recently had an area of about 27,500 square feet above the 20th floor at a price of 95 yuan per square foot for the first time. It will temporarily boost the commercial buildings in the area.
Capital flow restrictions to slow down the Chinese market
However, he does not think there will have to be a large number of huge deals this year. The main reason is that the Chinese government has tightened liquidity, restricted overseas fund transfer, investment and offshore RMB loans and other activities. With limited capital turnover, it is believed that many Chinese enterprises will slow down Market pace.
As for the relocation of core business areas of the enterprise logistics sector, he said the situation has been for some time, with respect to the long-term vacancy rate of Central A-Shard being at a low level. Many Chinese-funded institutions are still foothold in Central and push up the price of fares and rents in the area. Forcing agencies in Hong Kong to find another office, I believe this year will be more serious. According to the information, last year’s Central A target was 72.36 yuan, 1.2 times higher than that of the North Point and 1.7 times that of Kowloon East.
As regards East Kowloon, he thinks this year’s rate of increase has been modest. Since the government started to promote district development in 2012, the price of foot-blocks soared to about $ 17,000 last year from about $ 4,000 a few years ago. However, due to the high completion rate of new commercial buildings in the area and the high vacancy rate in recent years, rentals have not been able to push up. It is estimated that the selling prices of the entire A-share market are still expected to rise by 5% to 10% this year and that of B-buildings by 10% to 15%. Both rents have risen by 10% and the annual turnover is expected to be 2,300 with a 10% increase over the previous year.
However, there is a sign of a rebound in the market. Wong believes that the rent for shops is now back to 2008-2009 level. Although the worst period has passed, many investors are still at a wait-and-see attitude. He said the vacancy rate in the first half of this year was still at a high level. However, due to the marked softening of home ownership and the reduction of rent, many businesses would also be willing to accept the goods, especially non-luxury brands, so the situation will improve in the second half of the year.
Non-core area rent shop this year can be expected to rise 8%
The overall shop selling price and rents are expected to rise by 5%. The non-core area is up by 8% and the core area is from 0% to 5%. The number of transactions is expected to be 1,900 and unchanged from last year.
He is particularly optimistic about the Minsheng District, referring to the most potential areas of Tuen Mun, Yuen Long, To Kwa Wan and Kowloon City. Both local and free-spending spending are balanced. Benefiting from the opening of the Shatin Central Railway, rents will be high. . According to the statistics, To Kwa Wan and Hung Hom recorded a total of 155 bunk beds last year with a total value of about 1.83 billion. Of them, To Kwa Wan accounted for 82 cases, up 183% year-on-year. The turnover was recorded at about $ 1.03 billion, up 145% .