January 2019


Hong Kong retail leasing market gets off to a positive start in 2019

Hong Kong retail leasing market gets off to a positive start in 2019

30 January 2019

Prominent real estate advisor Savills saw both prime street shop and shopping centre rents remained flat during 2018 and rental growth had all but ground to a halt by Q4/2018 due to a weak sales performance. We forecast retail rents will rise modestly by less than 5% this year but note that 2019 has already got off to a positive start and risks are to the upside.

 
 
Hong Kong property investment market subdued in Q4

Hong Kong property investment market subdued in Q4

10 January 2019

At the start of the year, prominent real estate advisor Savills saw office rents rising (+8% to 10%) and a retail sector recovery (+2% to 4%) in 2018. Sales figures increased (+5 to 9% depending on the asset) with the exception of prime street shops (-3%). Given the dual threats of the US / China trade conflict and interest rate hikes, the Grade A office market saw price declines, but rents are expected to gain 2.5 to 5% in 2019. Shopping centres and prime street shops should both hold steady at 2% gains in rent, but street shop prices could lose 5% this year.

 
 
US / China trade conflict holds back the industrial sales market, but modern warehouse rents continue to rise

US / China trade conflict holds back the industrial sales market, but modern warehouse rents continue to rise

09 January 2019

Prominent real estate advisor Savills pointed out that recent rate hikes and uncertainties over the US / China trade conflict have held back the industrial sales market in Q4; and modern warehouse rents rose by 2.1% with vacancy droping to a recent low of 0.5%. Tight availability and growing demand are expected to prop up the leasing market.

 
 
Office rents hit record highs in Q4 as Wanchai and Causeway Bay drive rental growth

Office rents hit record highs in Q4 as Wanchai and Causeway Bay drive rental growth

07 January 2019

Prominent real estate advisor Savills pointed out in its Q4 office leasing report that overall Grade A office rents rose by 1.3% to record levels. Wanchai / Causeway Bay, popular among rent refugees from Central, recorded the highest rental growth among major business districts (+10.2%).

 
 
Despite cooling rental growth in Q4, improved connectivity raised the profile of West Kowloon and Tung Chung

Despite cooling rental growth in Q4, improved connectivity raised the profile of West Kowloon and Tung Chung

03 January 2019

Prominent real estate advisor Savills pointed out a slight cooling down in residential rental growth in Q4, while luxury apartments and townhouses outperformed in 2018 recording 8% and 10% Y-o-Y rises respectively (compared with Savills’ forecast growth of 0% to 5%). 

 
 
Savills Hong Kong hits a record HK$45 billion deal flow in 2018, and to deploy new business model in 2019

Savills Hong Kong hits a record HK$45 billion deal flow in 2018, and to deploy new business model in 2019

02 January 2019

Prominent real estate advisor Savills is pleased to announce that it has advised on a record HK$45 billion in real estate deals across all sectors in 2018 - including 14-30 King Wah Road (HK$9.95 billion), Octa Tower (HK$7.5 billion), 39 Shouson Hill Road (HK$5.9 billion) and Provident Arcade (HK$2 billion). Riding on the success, Savills will open a new Investment Private Office (“IPO”) headed by Jonathan Chau to capture new business opportunities.

 
 

Key contacts

Olive Jiang

Olive Jiang

Senior Manager
Marketing & Communications

Savills Two Exchange Square

+852 2842 4409

 
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