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.

Savills takes home four RICS Hong Kong Awards

Savills takes home four RICS Hong Kong Awards

15 March 2019

Prominent real estate advisor Savills is delighted to announce a total of four award wins at the Royal Institution of Chartered Surveyors (RICS) Hong Kong Awards Presentation and Dinner 2019. Award list is as follows: Winner, Property Management Team of the Year Certificate of Excellence, Best Deal of The Year Certificate of Excellence, Residential Team of the Year Certificate of Excellence, Facilities Management Team of the Year

 
 
Hong Kong house price correction nearing its end

Hong Kong house price correction nearing its end

26 February 2019

Prominent real estate advisor Savills pointed out that despite the full year decline of 2% in luxury residential transaction volumes on Hong Kong Island, a few new launches succeeded in attracting market attention; while Kowloon / New Territories were actually boosted by consistent primary sales, recording a 39% increase in volumes over 2018 as a whole.

 
 
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.

 
 
 

Key contacts

Olive Jiang

Olive Jiang

Senior Manager
Marketing & Communications

Two Exchange Square

+852 2842 4409

 
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