News

"International real estate firms Savills and Knight Frank have been appointed as Joint Sole Agents for the sale of a whole block building – The Nate, Tsim Sha Tsui (“The Property”). The Property comprises G/F to 4/F as a retail podium and 5/F to 12/F as co-living residential units, with a total gross floor area of approximately 32,000 square feet. It is being sold on an 'as-is' basis with existing tenancies. The submission period for expressions of interest starts today, with the final deadline scheduled for noon on 29 November 2024 (Friday)."

"International real estate firm Savills is appointed as the joint sole agent for the sale of 9th Floor of the Far East Finance Centre ("The Property"). The property has a gross area of approximately 10,800 square feet and is being sold in vacant possession."

"International real estate firm Savills is appointed as the sole agent for the sale of New Town Mansion with car park, 2 Tuen Lee Street, Tuen Mun ("The Property"). The total gross area of the retail space is approximately 38,512 square feet, with a high utilization rate, including 110 parking spaces, and is being sold "as is" with existing tenancies."

"International real estate firm Savills has been appointed as the sole agent by the landlords for the sale of the entire block of shophouse at No. 35 Bonham Road ("The Property") through invitation to Express of Interest and tender for the sale of the basement to the first floor. The property has a site area of approximately 1,648 square feet and a total area of approximately 6,545 square feet. It can be sold as a whole or separately from the basement to the first floor. The deadline for submitting expressions of interest and tenders is scheduled for Noon on December 18, 2024 (Wednesday)."

"The Hong Kong office market is facing unprecedented challenges, with record-high vacancy rates and a 40% decline in rents since 2019, according to Savills in its Market in Minutes – Hong Kong Office Leasing report for September 2024. "

"International real estate firm Savills is appointed as the sole agent for the sale of L'HART, 487-489 Lockhart Road, Causeway Bay ("The Property"). The property has a site area of approximately 2,182 square feet and a gross area of approximately 32,681 square feet. Completed in 2008, the property is being sold in "as-is" basis with existing tenancies."

"There was significant growth in imports and exports, alongside challenges in logistics demand and cautious market conditions, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report of September 2024."

"International real estate firm Savills is appointed as the sole agent for the sale of 35/F, Shun Tak Centre – West Tower, 168 – 200 Connaught Road Central ("The Property") with 2 car parking spaces. The property has a gross floor area of approximately 22,111 square feet and is being sold in “as-is” basis with the existing tenancies."

"The leasing market looks set to endure more fluctuations and disparities with the diversified tenant profile and inter-district movements shifting market dynamics among different segments, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report of September 2024."

"While mass-market sales have stagnated, the ultra-luxury sector is seeing increased interest from opportunistic buyers amid distressed sales, according to Savills in its Market in Minutes – Hong Kong Residential Sales report in August 2024."