News

"International real estate firm Savills has been appointed as the sole agent for the sale of G/F, 1/F and 2/F, The Morrison, Nos.223 – 227 Wan Chai Road and No.28 Yat Sin Street, Wan Chai ("The Property"). The Property includes an external wall, signage space, and an open piazza in front of Wan Chai Road. It has a total gross area of approximately 17,775 square feet and will be sold partly vacant and partly with existing tenancy."

"While the recent tariff reductions have provided some relief in U.S.-China trade tensions, Hong Kong's logistics industry continues to grapple with the structural impacts of global supply chain realignment. The first quarter of 2025 saw resilient trade performance with both imports and exports showing growth, yet logistics operators remain cautious. This prudence has contributed to rising warehouse vacancy rates and modest declines in both industrial property rents and prices, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report of May 2025. "

"International real estate firm Savills has been appointed as the sole agent by the mortgagee for the sale of 9 Cameron (House No.26) with garden, St. Andrew’s Place, No. 38 Kam Chui Road, Kwu Tung, Sheung Shui ("The Property"). The Property has a saleable area of about 3,344 square feet and the garden area about 3,373 square feet. It will be sold on an “as-is” basis with vacant possession. "

"International real estate firm Savills has been appointed as the sole agent for the sale of No.8 Stanley Beach Road, Hong Kong ("The Property"). The existing status of the Property is 3 blocks of 3-storey high apartments, a total of 9 units and 10 car parking spaces. It has a site area of approximately 26,600 square feet and a saleable area of about 18,852 square feet. It will be sold on an “as-is” basis, partly with vacant possession and partly with existing tenancies. "

"In early May 2025, investor sentiment showed tentative improvement amid easing U.S.-China trade tensions and interest rate cuts. While the fundamentals of office and retail remained weak, lower funding costs and active end-user acquisitions for self-use properties provided short-term support to the market, according to Savills in its Market in Minutes – Hong Kong Investment report of May 2025. "

"In the first quarter of 2025, Hong Kong's retail industry displayed a divergent development amid multiple challenges. Despite subdued local consumption and intensified cross-border competition leading to an overall retail sales decline of 6.5% year-on-year, international brands and mainland enterprises continue to strategically enter core business districts, reflecting confidence in the market's long-term potential. Additionally, the strengthening of the Hong Kong dollar has resulted in an 11% year-on-year increase in the number of net outbound tourism. However, the record high number of visitors during the Labour Day holiday in May 2025 did not translate into retail earnings, highlighting a shift in consumer behaviour—mainland tourists now prefer short and cost-effective experiential trips, and the price advantages of nearby areas like Shenzhen have diverted purchasing power. Against this backdrop, sports and health, the physical presence of e-commerce, and cultural and entertainment activities have become new highlights in the market, while the government's large infrastructure projects are paving the way for medium- to long-term recovery, according to Savills in its Market in Minutes – Hong Kong Retail Leasing report of May 2025."

"International real estate firm Savills, following the successful sale of the large retail shop at G/F, 1/F and 2/F, Amber Commercial Building in Causeway Bay, has once again been appointed as the sole agent by the owner for the sale of three prime shops, including the Commercial Premises on the G/F and the air-conditioning plan room on 2/F, Tanner Garden, No. 18 Tanner Road, North Point, G/F & C/F, Shing Wah Mansion, Nos.455 – 457 Hennessy Road, Causeway Bay and Shop 1 on G/F, Yue King Building, Nos.41 – 47 Morrison Hill Road, Wan Chai. The Property has a total gross area of approximately 21,702 square feet and will be sold with vacant possession. G/F, 1/F and 2/F, Amber Commercial Building."

"International real estate firm Savills is appointed as the sole agent for the sale of Unit 4701, 47/F, Far East Finance Centre, 16 Harcourt Road, Admiralty ("The Property"). The Property has a gross area of approximately 2,780 square feet and is being sold with vacant possession."

"International real estate firm Savills has been appointed as the sole agent for the sale of Michelia, No. 28 Cheung Fu Street, Cheung Sha, Lantau Island ("the Property"). The Property has a site area of approximately 34,200 square feet and a total saleable area of about 13,637 square feet. It is being sold on an “as-is” basis, partially with tenancies."

"International real estate firm Savills has been appointed as the sole agent by the receiver for the sale of 188 Victoria Road, Pok Fu Lam ("The Property"). The Property has a site area of approximately 15,240 square feet and a saleable area of about 6,083 square feet. It will be sold on an “as-is” basis with vacant possession. The Expression of Interest closing date is scheduled for noon on July 8, 2025 (Tuesday)."