News

"London-based international property consultancy Savills announces the appointment of Mr. Jack Harkness as its new Director of Regional Industrial and Logistics Services."

"Logistics leasing activity levels revived in Q3 with operators opting to renew leases, expand or relocate in order to minimize business disruption, while investors remained keen on purchasing industrial properties as the total number of major transactions and consideration surpassed that of Q2, according to Savills in its Market in Minutes - Hong Kong Industrial Sales and Leasing report for Q3 2021."

"Prominent international real estate firm Savills has completed the transaction of 341-343 Tai Hang Road at a price of HK$1.24 billion. This is a rare transaction involving a large-scale residential site in Hong Kong this year."

"In a broadly stable market with generally weak sentiment, retailers remained largely restrained in terms of expansion given uncertainties over the date of border reopening and the return of tourists. Leasing market activity was particularly sluggish in the prime street shop segment, except for Central, while F&B has again been a rare bright spot, according to Savills in its Market in Minutes - Hong Kong Retail Leasing report for Q3 2021."

"Rental decline in Q3 is milder than in Q2, but uncertain prospects and elevated supply will continue to put the market to test, and rents are expected to continue the downward adjustment next year, according to Savills in its Market in Minutes - Hong Kong Office Leasing report for Q3 2021."

"The Board of Directors of Savills (Hong Kong) Limited (“the Company”) is pleased to announce the appointment of Cherrie Lai as Senior Director – Residential Development & Investment, with immediate effect."

"In the 2021 Policy Address released by the Chief Executive today, Savills welcomed the series of measures announced to increase land supply and those on development strategies and on infrastructure and transportation."

"The luxury leasing market moved in separate directions during the third quarter, according to Savills in its Market in Minutes - Hong Kong Residential Leasing report for Q3 2021."

"Prominent international real estate firm Savills is delighted to announce the successful completion of a transaction involving three consecutive floors of 888 Lai Chi Kok Road ("the Property"), which are in the high zone of a brand-new prime super Grade A office building in Cheung Sha Wan. The transaction, priced at approximately HK$1.2 billion, is one of only a few major office deals completed in Hong Kong in 2021 thus far."

"The auction sale under the Land (Compulsory Sale for Redevelopment) Ordinance of the property of 2A & 2B San Lau Street and No.26 Ko Shan Road (The Remaining Portion of Section L of Kowloon Inland Lot Nos. 4307), Kowloon (The Property), through Savills was held at 10am today on the 10/F, United Centre, 95 Queensway, Admiralty. The Property was sold for the reserve price of HK$136 million to TKS Limited."