News

"With the full reopening of borders and scrapping of all COVID curbs, the residential leasing market picked up in the first quarter of 2023, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q1 2023."

"The auction sale of Yip Fat Factory Building, No. 77 Hoi Yuen Road, Kowloon under the Land (Compulsory Sale for Redevelopment) Ordinance through Savills was held today. The Property was sold at the reserve price of HK$2.349 billion to BIEL Crystal related parties."

"Retail rental experience a major turnaround in four years, according to Savills in its Market in Minutes - Hong Kong Retail Leasing report for Q1/2023."

"International real estate firm Savills is appointed as the sole agent for the tender sale of a residential site in Sheung Shui, New Territories, where the core area of the “Northern Metropolis”. The site involves parts of sections of Lot No. 1583 & Lot No. 1584 in Demarcation District No. 100, which is situated next to Miami Crescent on 328 Fan Kam Road in Sheung Shui. The currently bare site is to be sold with vacant possession and on an "as is" basis for an asking price of HK$100 million. The tender will close at noon on 19 June 2023 (Monday)."

"Savills (Hong Kong) Limited is pleased to announce the formation of the new Super Prime Team in the International Residential Sales team with effect from today."

"Group performance ahead of expectations despite challenging markets."

"International real estate firm Savills is appointed as sole agent for the sale of 23/F, United Centre (known as "The Property"), a traditional grade-A commercial building located in the heart of Hong Kong's Central business district. The property has an approximate gross area of 20,489 square feet with over 85% saleable area. The property is sold on an "as-is" basis, with partial existing tenancies and partial vacant possession. The indicative asking price of HK$25,000 per square feet, making it an attractive investment for those looking for quality commercial real estate in a prime location."

"International real estate firm Savills is appointed as the sole agent for the collective sale of 100% undivided shares of a residential site on 111-117 Blue Pool Road, Happy Valley. The site with an area of 10,360 square feet is situated at the prestigious luxury residential area that overlooks the valley and urban landscapes. Rare on the market for its substantial scale, the site has no restrictions to the number of units and could be redeveloped into houses or apartments with a maximum GFA of 21,762.3 square feet in total (with land premium required). The Deadline for EOI submission will be by 2nd May 2023."

"Some eye-catching super luxury deals completed towards the end of the 2022 reflect a revival of sentiment, according to Savills in its Market in Minutes - Hong Kong Residential Sales report for Q4/2022. "

"International real estate firm Savills has forged the first large transaction in 2023, the commercial development of Florient Rise, West 9 Zone at No. 38 Cherry Street, Tai Kok Tsui, Kowloon. The property was sold to Sunlight REIT for HK$748 million. The property has an approximate gross floor area of 58,836 square feet."