News

"Sustained high cost of funds leads to more property investors putting assets up for sale at discounted prices, according to Savills in its Market in Minutes – Hong Kong Investment report of August 2024."

"International real estate firm Savills is appointed as the sole agent by order of the receiver for the sale of the residential side at 992-998 King's Road & 2-16 Mount Parker Road ("The Site"). The site area is approximately 50,000 square feet, with a maximum buildable gross floor area of approximately 448,000 square feet. The expression of interest submission deadline is scheduled at 12:00 noon on 27 September 2024 (Friday)."

"The auction sale of Nos. 291 & 293 Castle Peak Road, Kowloon (Section G and the Remaining Portion of New Kowloon Inland Lot No. 2813) under the Land (Compulsory Sale for Redevelopment) Ordinance through Savills was held today. The Property was sold at the reserve price of HK$120 million to Regal Hotels and Paliburg Group."

"Savills (Hong Kong) is pleased to announce the appointment of Agnes Chu as the Legal & Compliance Director for the Agency Group and Savills Services Group in Hong Kong (“Savills Hong Kong”), effective August 15, 2024.  "

"International real estate firm Savills is delighted to announce the successful completion of the transaction of Shop A&B, G/F, Hong Kong Industrial Building, Nos. 444 - 452 Des Voeux Road West, Hong Kong, and 2 car parking spaces (the "Property"). The Property has a total gross floor area of approximately 20,414 square feet and was sold on an as-is basis with existing tenancy. The Property was acquired by the Occupational Safety & Health Council for HK$148 million, representing a unit price, inclusive of the car parking spaces, of around HK$7,250."

"International real estate firm Savills is appointed as the sole agent by order of the owner for the sale of 37 Cumberland Road, Kowloon Tong ("The Property"). The Property occupies a spacious 9,684 square feet site and currently operates as a two-storey block used as a hotel. The Property can be sold either together with the existing guesthouse license or through the transfer of company shares, allowing investors to capitalize on an additional business opportunity and enhancing the Property's liquidity."

"Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2024."

"International real estate firm Savills is appointed as the sole agent by order of the owner for the sale of Flat G, 28th Floor, The Masterpiece, Tsim Sha Tsui ("The Property"). The Property is a 2-bedroom (1-ensuite) unit with a storage room, with a saleable area of approximately 1,033 square feet. It is available for sale with vacant possession."

"International real estate firm Savills is appointed as the sole agent by order of the owner for the sale of 64.5% shares of 206 – 208 Prince Edward Road West ("The Property"). The Property will be sold as-is, with existing tenancies."

"International real estate firm Savills is appointed as the sole agent by order of the owner for the tender sale of 31 Cambridge Road, Kowloon Tong ("The Property"). The Property is currently a two-storey residential property with ample parking space. The site area is approximately 5,485 square feet, with a maximum redevelopment area of around 9,873 square feet. The property will be sold as-is, with the public tender closing at 12 noon on September 26, 2024 (Thursday) (unless it is sold or withdrawn prior to the tender closing).                                                              "