News

"International real estate firm Savills facilitated the whole-block leasing transaction of a student accommodation building at 46 – 48 Pak Tin Par Street, Tsuen Wan. This marks the third whole-block leasing project arranged by Savills this year for local student housing operator Youth Dorm."

"Savills’ latest Hong Kong Office Leasing Market Report indicates that Hong Kong’s Grade A office market continued to improve in the second quarter of 2026, with overall rents increasing by 1.3% QoQ and the overall vacancy rate declining from 15.2% to 14.8%. However, the recovery remains highly selective, concentrated primarily in premium office buildings in Central and other core districts. Central led the market, with rents rising 4.8% QoQ and vacancy falling to 9.4%. Hedge funds and quantitative funds have emerged as the primary source of new demand in Central, with some occupiers pre-leasing large contiguous floors before their headcount expands in order to secure increasingly scarce premium space. By contrast, rents in Kowloon East and Kowloon West continued to decline, highlighting that the recovery has yet to extend across the broader market as occupiers become more discerning about location, building quality and operating efficiency."

"International real estate firm Savills has been appointed as the sole agent for the tender sale of the en-bloc hotel at No. 163 Wai Yip Street, Kowloon ("The Property"). The Property has a total gross floor area of 241,686 square feet and offers 598 guest rooms, making it one of the few sizable, en-bloc hotel assets available in Kowloon East. The tender will close at 12:00 noon on 16 November 2026 (Monday)."

"International real estate firm Savills has been appointed as the sole agent for the sale of a House at Strawberry Hill, No.8 Plunkett’s Road, The Peak ("The Property"). The saleable area of the Property is approximately 2,903 square feet, and it will be sold on an "as-is" basis with vacant possession."

"International real estate firm Savills has successfully completed the sale of No. 15 Un Chau Street, Kowloon ("The Property"). The Property, with a total gross area of approximately 4,443 square feet, was sold with existing tenancies, with the transaction price amounting to approximately HKD25.5 million."

"Savills’ latest Hong Kong Retail Leasing Market Report finds that Hong Kong’s retail market continued to improve in the second quarter of 2026. Total retail sales rose 7.1% year-on-year, while online retail sales surged 25.3%. However, the recovery remains narrow-based, with spending growth concentrated in discretionary categories such as jewellery and watches and consumer durables. Core retail districts have benefited from the return of visitors, luxury demand, flagship expansion and experience-led formats, with rents remaining stable in the second quarter following a rebound in the first quarter. In contrast, neighbourhood malls continue to face pressure from northbound spending, online substitution and weak everyday consumption. The market has entered a phase of structural recovery, increasingly shaped by asset quality and tenant mix."

"Savills' latest Investment Market in Minutes highlights a further widening divide in Hong Kong's real estate market in the second quarter of 2026. While the residential sector remained resilient, supported by buyers from mainland China, commercial properties continued to reprice. At the same time, the growing supply of distressed assets, coupled with easing financing costs, has created acquisition opportunities for well-capitalized institutions, owner-occupiers and overseas investors seeking quality assets at discounted prices. Total non-residential investment volume rose 120% YoY to HKD 22.3 billion in the first half of 2026, signalling a shift from market weakness towards a more selective recovery. However, buyers remain highly focused on asset quality, pricing, financing terms and stable income streams."

"International real estate firm Savills has been appointed as the sole agent by the owner for the sale of the car parking spaces at G/F, Wah Mei Court, Nos. 237, 237A, 239 and 239A, Prince Edward Road West, Kowloon ("The Car Park")., comprising a total of 30 parking spaces."

"International real estate firm Savills has successfully completed the sale of Smart A, 348 – 352 & over 70% Undivided Share of 354 Prince Edward Road West, Kowloon City ("the Property") for approximately HKD 320 million."

"Savills plc today announces its unaudited results for the six months ended 30 June 2026."