News

"International real estate firm Savills is delighted to announce the successful completion of the transaction of the Shop E on G/F, Glamour Garden, No.1-5 Chik Fai Street, Tai Wai (the "Property"). The Property was sold on an “as is” basis at a transaction price of approximately HKD 25 million. With the saleable area of the Property is about 180 square feet, the price per square foot equates to approximately HKD 138,888."

"International real estate firm Savills has been appointed as the sole agent for the sale of Shop A&C2 on G/F, Kwai Wah House, Nos. 132 – 134 Fuk W Street, Sham Shui Po ("The Property"). Shop A has a gross area of approximately 534 square feet, while Shop C2 measures around 418 square feet. Both units will be sold 'as-is' with existing tenancies and are available for purchase separately."

"International real estate firm Savills has been appointed as the sole agent for the sale of 1831 & 1931, Tower 4, Hong Kong Parkview, No.88 Tai Tam Reservoir Road, Repulse Bay ("The Property") with 2 covered car parking spaces. The Property has a total saleable area of approximately 3,244 square feet and will be sold on “as-is” basis with vacant possession."

"For Immediate Release – Savills’ latest Prime Office Costs report saw London’s West End retaining its position as the world’s most expensive prime office destination in Q1/2025, with net effective occupancy costs (rent plus fit-out costs) averaging US$299.39 per sq ft (psf) per annum. Hong Kong followed closely at US$228.05 psf, while New York (Midtown) ranked third at US$206.67 psf. Despite economic headwinds, all three cities continued to command the highest costs globally, driven by sustained demand for prime office space and tight supply."

"For Immediate Release – The latest Savills Global Luxury Retail 2025 report shares that global luxury retail continues to weather economic headwinds, with core markets reporting strong rental growth in 2024. Across the 21 destinations tracked, over 75% reported annual increases or a hold in prime headline rents year-on-year (YoY)."

"The Board of Savills today announces that Mark Ridley will retire as Group Chief Executive at the end of 2025 after a 29 year career at Savills, seven of them as Group Chief Executive, as well as 41 years in the industry. Mark will be succeeded by Simon Shaw, currently Group Chief Financial Officer of Savills, effective 1 January 2026."

"International real estate firm Savills has been appointed as the sole agent for the sale of Unit 501, 5/F, Riley House, No. 88 Lei Muk Road, Kwai Chung ("The Property"). The Property will be sold on an “as-is” basis with existing tenancies."

"International real estate firm Savills has been appointed as the sole agent for the tender sale of 15 Cambridge Road, Kowloon Tong ("the Property"). The Property is a three-storey building, with a site area of approximately 9,767 square feet, a saleable area of about 7,302 square feet, and a maximum redevelopment gross floor area of approximately 17,581 square feet. The Property is being sold on an “as-is” basis with vacant possession. The tender will close at noon on May 13, 2025 (Tuesday)."

"International real estate firm Savills has been appointed as the sole agent for the sale of G/F, 1/F and 2/F, Amber Commercial Building, Nos. 70 – 74 Morrison Hill Road, Wan Chai ("The Property"). The Property has a total gross area of approximately 21,702 square feet and will be sold with vacant possession."

"International real estate firm Savills has been appointed as the joint agent for the sale of SEVEN – a prestigious, iconic riverside development beside the River Thames."