News

"Stock market turbulence and a sharp rise in interest rates suppressed luxury market sentiment in the second quarter, according to Savills in its Market in Minutes - Hong Kong Residential Sales report for Q2 2022. "

"Activity levels picked up in the second quarter as locally-focused retailers moved to take advantage of lower rents and improved availability in prime locations, according to Savills in its Market in Minutes - Hong Kong Retail Leasing report for Q2 2022."

"Logistics market sentiment has remained buoyant with sustained demand and extremely low levels of availability, according to Savills in its Market in Minutes - Hong Kong Industrial Sales and Leasing report for Q2 2022."

"International real estate firm Savills is appointed by the owners as the sole agent for the tender sale of 46 Sassoon Road, Hong Kong (Rural Building Lot No. 196 known as "The Property"). With a site area of approximately 44,800 square feet and a maximum redevelopment gross floor area of approximately 32,255 square feet, the residential development consists of seven 3-storey detached houses each with a garage and a private swimming pool. The tender will close at noon, 24 August 2022 (Wednesday)."

"Extremely low IPO volumes and ongoing border closure have slowed Mainland office demand while rents went down further, according to Savills in its Market in Minutes - Hong Kong Office Leasing report for Q2 2022."

"The characteristics of Mainland rental demand became apparent in the second quarter as new builds and high-end renovations proved attractive while traditional core locations and sweeping city or harbour views also appealed, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q2 2022."

"Prominent international real estate firm Savills announced the completion of transaction of Loong Fung Terrace, a building under the Civil Servants' Co-operative Building Society (CBS) Scheme situated at 89-93 Tai Hang Road on Jardine’s Lookout, for SEA Group (Stock Code: 251). The total acquisition cost (including land premium) amounts to around HK$627 million, or HK$28,000 per square foot. Savills has assisted SEA Group since mid-2021 in the acquisition and for the optimal use of land resources in urban area of Hong Kong Island. "

"The auction sale of Nos. 47-57 Staunton Street, Sheung Wan under the Land (Compulsory Sale for Redevelopment) Ordinance through Savills was held today morning. The Property was sold at the reserve price of HK$529 million to Wheelock Properties."

"Argent Related has announced the Hong Kong sales launch and exhibition of the first, highly anticipated homes at Brent Cross Town, London’s new 180-acre, £7 billion park town. Positioned alongside Brent Cross Town’s 50 acres of parks and playing fields, The Ashbee and The Delamarre will together offer 277 new homes featuring timeless design and superior quality, all available to purchase via the sole sales agent Savills (Hong Kong)."