30/8/2018-9

Rebuilding the potential of the site is expected to be optimistic

The market has recently slowed down slightly. First Pacific Davis believes that the market is not clear, so the consortium will turn funds to projects with development potential, and the site with the value of reconstruction will be the first to be optimistic.

The last quarter’s turnover slowed down but no price reduction

Recently, the market for big-handed trading has slowed slightly. Some people in the industry believe that there is downward pressure on property prices in the fourth quarter. Fang Lanqing, senior director of the investment department of Savills Davis, pointed out that the recent fluctuations in market conditions, including trade wars, etc., also raised interest rates, and the stock market has changed from the beginning of the year, so it has more or less impact on the investment market. Trading in the four seasons may slow down, but she believes that prices may not be adjusted back. “Investors may turn to prudence, and the recent transactions have not seen the owners significantly reduce their prices.”

Recently, the market focus has been on the two major investors. Shop Wang Boshu (Deng Chengbo) and Da Honghui have sold a total of over 10 billion properties, which has caused market participants or investors to be bleak. She thinks, “Overall, The investor’s sale of the property is just a replacement. The property sold by Da Honghui was purchased many years ago and has been greatly appreciated. The market is in good condition and is being sold for other developments including the construction of commercial buildings. As for Deng Chengbo, In fact, there are more goods than shipments. During the period of officially selling the property, he also purchased several properties, including the purchase of the shop at Weiqing Street in Jordan for about $300 million. It can be seen that the goods are in rotation and the sale of the property is a replacement. nature.”

Interest rate has risen, increase return requirements

In the investment strategy, Mr. Fang Yiqing believes that due to the uncertainties in the market, the prospects for the development of the property are expected to be pursued. “The interest rate has risen and buyers may be cautious and demand higher returns. The first time in the second half of this year, the property is expected to be refurbished at a satisfactory price. It is expected that the whole property and the property with redevelopment value will be highly regarded in the second half of this year.

This time, Deng Chengbo commissioned Savills Davis to sell a total of 11 properties. The properties are mainly divided into two categories, namely 5 shops and 6 mergers and acquisitions and complete title sites with a total valuation of about 7.8 billion yuan. She said that the projects that were most frequently inquired by the consortium were residential redevelopment sites, such as the old buildings at 3/13, Sheung Wan Road, Kowloon City. The owners had already applied for a strong auction and now hold 80% of the property. Developed into a floor area of ​​about 63,000 square feet of commercial and residential buildings, the project near Yu. Prince Edward and French hospitals have a site area of ​​approximately 7,030 square feet and a property market value of approximately 750 million yuan.