This is the only industrial deal completed in 3Q13

It was worth $98m.

According to Savills, in terms of buyer profiles, end users were still the dominant force in the godown sector, but the escalating prices in that sector, which saw godown prices increase by another 3.9% in Q3, coupled with extremely tight stock for both sale and lease, have kept most of these occupiers on the sideline. 

Only one industrial/godown transaction was completed in Q3, with a unit in Riley House in Kwai Chung (around 48,000 sq ft) selling for HK$98 million (HK$2,000 per sq ft).

"Although the lack of short-term investment opportunities has stalled price growth in the flatted factory sector since the launch of the latest government measures in February this year, we have witnessed an increasing number of long-term investors and funds entering the market with renewed interest in the revitalisation of obsolete buildings," Savills said.