News

"The auction sale of No. 4 Liberty Avenue, Kowloon under the Land (Compulsory Sale for Redevelopment) Ordinance through Savills was held today. The Property was sold at the reserve price of HK$355 million to Henderson Land Development Company Limited."

"International real estate firm Savills is appointed as the sole agent for the tender sale of No. 7 South Bay Close, Repulse Bay ("The Property"). The Property consists of two low-density residential blocks, offering a total of 26 residential apartments and 44 private car parking spaces with a total saleable area of approximately 45,533 square feet, each apartment size ranges from 1,561 to 2,859 square feet. The Property will be sold on an “as-is” basis partly with existing tenancies and partly with vacant possession, and the tender will be closed at 12:00 noon on 15 March, 2024 (Friday)."

"Savills (Hong Kong) is pleased to announce the appointment of Mr Ricky W.K. Lau as Managing Director (Leasing), effective 1 January 2024.  "

"Savills is pleased to announce the appointment of Mr Franco Liu as Managing Director & Head of Macau in Agency & Property Management, effective 1 January 2024."

"Highlights of the past month was the relaxation of restrictive measures on housing market, however, its impact is not benefiting as expected, according to Savills in its Market in Minutes – Hong Kong Residential Sales report in November 2023."

"The auction sale of No.18 Sau Wa Fong, Wan Chai, Hong Kong under the Land (Compulsory Sale for Redevelopment) Ordinance through Savills was held today. The Property was sold at the reserve price of HK$136.1 million."

"The Hong Kong office leasing market faces several headwinds and negative factors that could potentially accelerate its decline, according to Savills in its Market in Minutes – Hong Kong Office Leasing report for Q3 2023."

"High cost of funding with 3-month HIBOR standing at 5.2% remains concern for the local property investment market, according to Savills in its Market in Minutes – Hong Kong Investment report for Q3/2023. "

"The top luxury brands experienced remarkable growth, while overall retail industry did not see any substantial growth compared to Q2, according to Savills in its Market in Minutes – Hong Kong Retail Leasing report for Q3/2023."

"International real estate firm Savills is appointed as the sole agent for the tender sale of the retail podium and car park of Alto Residences at 29 Tong Yin Street, Tseung Kwan O ("The Property"). The total gross area of the retail podium is approximately 102,582 square feet, providing 135 car parking spaces, 19 motorcycle parking spaces and 9 loading and unloading bays. This is the first public sale of the property since its completion in 2018. The property is sold as “as is” basis with existing tenancies and tender closing date is scheduled at noon on January 15, 2024 (Monday)."