He predicted that with a moderate inflation and a low interest rate environment, plus the economy continues to recover with rents increase that support prices to go up, investors especially those from the Mainland will be even more active.  He expects that the total commission income for 2010 will double that of last year.
    
Achieved record setting transaction amount of HK$6 billion for 2010Q1
The total transaction amount in the first quarter recorded over HK$6 billion, setting the team's record for the highest amount in a single quarter. Also, the total transaction amount in March exceeded HK$2.5 billion, which is another record for the highest amount in a single month. 

In terms of strata-title offices, retail shops, industrial buildings, and whole block transactions worth HK$100 million or more, Savills Investment has concluded a total of 12 transactions, out of which 5 are whole block properties, 4 are strata-title offices, and 3 are retail shops.  In March alone, there are a total of 5 transactions worth over HK$100 million, which amount to 40% of the total cases recorded in the first quarter.

Out of the 5 major transactions recorded in March, 3 are whole block properties. Nos.31 & 31A Granville Road, TST, is transacted at HK$335 million.  With its prime location in the heart of popular shopping area in TST, it has huge redevelopment potential.  With a maximum gross floor area of 33,576 sq.ft., the accommodation value is approximately HK$9,977 per sq.ft. (psf).  After selling the above property, the investor purchased a whole block property at Nos.31-33 King's Road, North Point, for HK$429 million.  The property is in the proximity to Tin Hau MTR station and is said to be converted into a service apartment building.

Another whole block transaction is The Broadway, Nos.54-62 Lockhart Road, Wanchai.  It is transacted at HK$590 million. The property was purchased by Yeung's Family of Glorious Sun Enterprises Ltd through Savills for HK$210 million in 2004, achieving 1.8 times return upon the recent disposal.  The other two transactions include one office and one retail properties. 22/F & 35/F, COSCO Tower, 183 Queen's Road Central, Sheung Wan, was transacted at around HK$429 million, achieving a price per sq. ft. of HK$13,600 for the 35/F.  The retail shop, located in G1-2, G/F, Nos.17-19 D'Aguilar Street, Central, was transacted at HK$1.39 million, representing a yield of over 4.7% upon renewal of the leases.

Concluded this year's first billion-dollar deal in town
Besides the hundred-million-dollar deals done, Savills Investment also has a market share of 40% for transactions worth over HK$500 million, including the first billion-dollar deal in town. In February 2010, Savills transacted the sale of ten floors of One Harbour East in Kwun Tong for HK$1.068 billion. The buyer, a renowned Mainland personal health care products company called C-Bons Holdings, acquired the property for long-term investment. 

Peter Yuen saw it as the start of a trend of Mainland investors buying Hong Kong commercial properties for investment. Upon measures introduced by Central Government to cool the Mainland property market, buyers are holding back with a wait-and-see attitude. On the other hand, the Hong Kong property market is all along popular among investors from all over the world. Therefore, he foresees that there will be more capital influx from the Mainland into Hong Kong. 

The outlook of the investment market remains positive, said Peter Yuen. He expects that the total transaction amount for the year 2010 will increase by 50% compared to that of last year, and the commission income will at least double.  To increase market share, the Investment department has already hired more elites to further enhance the team's strength. They all vow to achieve greater success for this year and continue to be The Winning Team in the market.