News

"The Board of Directors of Savills (Hong Kong) Limited (“the Company”) is pleased to announce that Ms. Maggie Chu, former Senior Director and Head of Kowloon Commercial of the Company in 2011, has re-joined the Company on 2 September 2020 as Deputy Managing Director, Greater Bay Area – Project Sales/Leasing."

"Prominent real estate advisor Savills pointed out in its Asia Pacific Mid-Year Regional Roundup that the economic damage of COVID-19 is proving to be extensive with only China and Vietnam expected to post modest positive growth this year of 1.5% and 2.7% respectively. However, most regional economies are expected to report positive year-on-year growth from the first half of next year."

"Prominent real estate advisor Savills pointed out in its APAC Prime Benchmark that Hong Kong remains the most expensive market in almost every segment examined, including office, prime retail malls, luxury (serviced) apartments and prime villas / townhouses."

"Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2020."

"Prominent real estate advisor Savills pointed out in its Asia Pacific Investment Quarterly Q2/2020 that while there are early signs of returning demand in the commercial sector with an improvement in business activity and a slower rate of rental and price declines in the second quarter, the recent resurgence of Covid-19 has pushed back the economy’s recovery. A deterioration in US-China ties has added another layer of uncertainty to Hong Kong’s outlook."

"Global real estate adviser, Savills, pointed out in its Prime Residential World Cities Index that Covid-19 and the subsequent lockdowns significantly disrupted global real estate markets. While the longer trends are still developing, the immediate impact of the pandemic on prime residential values in cities around the world has resulted in a fall of 0.5% for capital values. "

"With residential prices down by around 10% from their previous peak most vendors still have holding power, which has been reflected in the extremely low delinquency ratios of the past 12 months (averaging 0.03% for over 3 months and 0.01% for over 6 months), suggesting that a wave of distressed sales is unlikely in the short term."

"Even given capital expenditure concerns, office decentralization has remained an option for many businesses and we have recently seen Central-based asset management firms and securities firms relocating to Wanchai/Causeway Bay and Wong Chuk Hang. "

"International real estate advisor, Savills, has taken the top spot in the real estate agents / advisory category league table in the UK Business Superbrand list for the 14th consecutive year. "

"The second quarter saw a continued drift in the city’s trading and retail performance, with both imports and total exports declining by 9.6% and 5.6% YoY respectively in April and May."