Hong Kong News
Hardly a day goes by without a discussion on property, finance or a major development in the news in some part of the world. This section of the website brings you all the news on Savills from Hong Kong.
17 October 2016
This year Savills once again participated in the Central Rat Race, organized by Hong Kong Land, and brought home the Top Five Speed Rats Award, 2nd runner up.
01 October 2016
Savills is pleased to announce the acquisition of floors 21 to 23, totaling over 50,000 sq ft, at the Hong Kong Convention and Exhibition Centre (HKCEC) on behalf of Shanghai Huaxin Group (Hong Kong) Limited, subsidiary of CEFC China Energy Company Limited. The property values up to HK$1.4 billion costing approximately HK$28,000 per sq ft.
19 September 2016
International real estate consultancy Savills has been appointed as the sole agent for the tender sale of the following properties in Ho Man Tin: • 85% ownership of 9-11 Liberty Avenue• 95% ownership of 13 Liberty Avenue• 94% ownership of 5A-5D Victory Avenue• 10 units at 4A-4D Liberty Avenue
15 September 2016
The commercial property market has been heated up with substantial transactions recently. A number of buyers are acquiring Grade A offices for own use or for lease. The upper floors of Far East Finance Centre and Bank of America Tower in Admiralty were sold at the price of HK$ 33,900 per sq ft and HK$ 33,815 per sq ft, respectively in August. Whereas the top floor of The Center which is next to the Grand Millennium Plaza, was sold at a record price of HK$ 38,000 per sq ft. The estimated price of Grand Millennium Plaza (Low Block) is HK$ 21,000 per sq ft and the average rental price is at HK$55 per sq ft which represents approximately 3% yield in rental. With its prominent location, floor space, quality and the reasonable price, the property is said to be a combination of perfectly unique.