News

"The retail market in Hong Kong has experienced a slower recovery than initially projected, according to Savills in its Market in Minutes – Hong Kong Retail Leasing report for Q2/2023."

"Last weekend, Savills Greater China held a memorable two-day, one-night team-building training event at the Sheraton Grand Macao Hotel, which included the highly anticipated "Savills Greater China Strategy Symposium 2023". After a significant hiatus, the company's event made a triumphant return, with over 300 colleagues from the Greater China region convening in Macao to participate."

"Savills, the international real estate firm, has been appointed the sole agent by order of the Receiver for the tender sale of 15 Gough Hill Road, The Peak ("the Property"). The tender is scheduled to close at 12 Noon, 19 September 2023 (Tuesday)."

"Savills – An International real estate firm has been appointed as the sole lead agent for the sale of first-hand units in Altamira, 18 Po Shan Road (“Property”). Starting from 5 June 2023 (Monday), the Property will launch 5 units for sale by public tender, including low-level units 7A and 7B, as well as mid-to-high level units 15A, 15B, and 17B, to cater the needs of different buyers. The Property consists of four bedrooms (three en-suites) in each unit, with exceptional interior craftsmanship. The saleable area of the units ranges from approximately 2,028 to 2,206 square feet(1). The Vendor has also renovated a brand-new show flat, and tailor-made some of the most popular flexible payment plans specific for the launch of the new units(2). Visitors are welcome to make a viewing reservation. "

"International real estate firm Savills has been appointed the sole agent by order of the Receiver for the tender sale of the unit on 5/F, OPUS HONG KONG with two car parking spaces, situated on 53 Stubbs Road, Hong Kong ("the Property"). The open tender, to be closed at noon, 8 August 2023 (Tuesday) tentatively, will see the property sold on an "as is" basis with non-vacant possession."

"International real estate firm Savills is appointed by the owners as the lead leasing agent of Yau Shing Commercial Centre in the heart of Mong Kok (known as "The Property"). Following a comprehensive renovation, the property now boasts refreshing decorations and designs in the main entrance and elevator lobby. Additionally, a 16-meter-wide L-shaped giant outdoor 3D electronic billboard has been installed on the exterior wall, becoming a new eye-catching landmark in Mong Kok, attracting many passers-by to stop and take photos. "

"International real estate firm Savills has been appointed as the sole agent for the sale of Retail Podium of Inter-Continental Plaza located at 94 Granville Road, Tsim Sha Tsui ("The Property"), through an international tender. The Property is a 7-storey (Basement to 3rd Floor) podium shopping mall within Inter-Continental Plaza, with a total approved gross floor area of approximately 90,222 square feet. The Property will be sold with vacant possession, and the deadline for tender submission will be announced at a later date."

"International real estate firm Savills has been appointed as the Sole Agent by the Receivers for the tender disposal of One HarbourGate East Tower, 18 Hung Luen Road, Hung Hom, Kowloon ("The Property"), a whole block office building with 279,000 square feet of commercial space approximately. The Property comprises an office tower and a two-storey retail villa along the waterfront, with 155 car parking spaces. Currently, it serves as the headquarters of Sun Life Hong Kong. According to the original Owner's provision, the market valuation was approximately HK$7 billion last year. The tender will be floated globally and is expected to close on 28 August 2023 (Monday)."

"International real estate firm Savills is appointed the sole agent for the sale of Tolo House, situated on 4101 Tai Po Road, Tai Po Kau. Perched on the side of the Tolo Harbour and overlooking the mountain range of Pat Sin Leng, the property is a European style, 2-storey house on a single lot spanning approximately 6,300 square feet, with an impressive lawn and garden that offers an idyllic vacation lifestyle by the coast."

"Full border reopening with mainland China, the scrapping of all quarantine controls and COVID-related curbs have been the positive aspects of the first quarter of 2023 that gave a boost to the property investment market, with both the hospitality and retail sectors being the first to benefit, according to Savills in its Market in Minutes - Hong Kong Investment report for Q1/2023."