News

"Since the end of Q1 2022, real estate markets across the Globe have been increasingly challenged by geopolitical events, macro-economic issues and policy responses thereto. Despite this the Group performed ahead of its previous expectations for the year and substantially ahead of the 2019 “pre-COVID” comparative period."

"The market has seen very little change in activity levels since the third quarter, but landlords showed greater flexibility in negotiations towards year-end as many were keen to lease vacant units before the traditionally quiet run up to the Chinese New Year in late January, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q4 2022."

"The anticipated border reopening will bring much-needed breathing space to local logistics operators, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report for Q4 2022."

"Grade A office rents are 30% down from their 2019-peak, while vacant space surged to 6.6 million square feet net in Q4/2022, according to Savills in its Market in Minutes – Hong Kong Office Leasing report for Q4 2022. "

"Savills (Hong Kong) Limited is pleased to announce that our Greater Bay Area (GBA) – Project Sales & Leasing officially renamed to Capital Markets – Greater China with effect from January 1, 2023."

"Rents were broadly unchanged in the last quarter amid softer retail sales and a lack of new lettings, according to Savills in its Market in Minutes - Hong Kong Retail Leasing report for Q4 2022."

"International real estate firm Savills is appointed as the lead agent for the sale of the retail podiums at Park Ivy and Park Summit ("The Property"), both located close to the Olympic MTR Station, via a public tender which will close at noon, 13 February 2023 (Monday). The podiums are to be sold on an "as-is" basis with existing tenancies. "

"International real estate firm Savills is appointed by the order of the Receiver as sole agent again for the sale by private treaty of 23/F of Bank of America Tower (known as "The Property") after the complete transactions of the whole floor at Capital Centre and two office spaces in Wan Chai. A rare whole floor in the high floor zone of the prestigious office building, the property that comes with sweeping views of Victoria Harbour and urban skyline is to be sold with three car parking spaces and with vacant possession for an asking price of HK$500 million."

"Savills Services Group (“the Group”) recently organised a fun day celebrating the completion of its table tennis course for staff, inviting former Chinese National Table Tennis Team player Chen Ke to demonstrate her skills for close to 70 employees and family members. Graduates of the course were presented with table tennis bats autographed by Li Ching and Ko Lai-chak, silver medallists in the men's doubles table tennis event at the 2004 Athens Olympic Games. Ko also congratulated the course graduates in the video and encouraged the promotion of a healthy, active culture in the workplace."

"Having secured more than £150m worth of residential sales so far this year at Triptych Bankside, JTRE London (the real estate developer) will further boost its position as London’s fastest selling riverside development with the launch of the East Building, the final phase of the scheme in Hong Kong on Wednesday 16th November with Savills."