News

"Persistently low interest rates (the Fed is expected to keep rates close to zero until 2022) as well as low levels of near-term commercial supply;"

"Local demand has become a more important driver in the luxury residential leasing market over Q2/2020 as new PRC and expat demand has fallen heavily due to the cross-border restrictions, which require newcomers to self-quarantine for 14 days."

"The local retail industry has experienced the longest business disruption in its history amid the prolonged social unrest and the global coronavirus pandemic. Retail sales have for the first time recorded 11 consecutive months of double-digit decline since July last year. Tourist-focused sectors such as jewellery and watches, cosmetics and luxury fashion took the biggest hit due to sinking tourist traffic, with the value of sales of jewellery and watches plummeting by over 69% over the first five months of 2020. "

"In the latest edition of Savills Prospects: Asia Pacific Real Estate Intelligence, the online magazine dedicated to commercial real estate investment in the APAC region, we explore the continuing appeal of logistics real estate, the attractions of Shanghai and the new world of real estate crowdfunding. The publication also includes views from Savills experts around the region."

"Prominent real estate advisor Savills held a webinar in Hong Kong and Shanghai today with thousands of audiences from across the APAC region."

"In its latest global sentiment survey among its researchers around the world of the impact of Covid-19, Savills says that the outlook has improved slightly."

"Prominent real estate advisor Savills pointed out that the COVID-19 outbreak has dampened residential sentiment in general, with super luxury transactions hitting another low in January and February before rebounding in March due to an improvement in sentiment as the outbreak was temporarily contained until the influx of overseas Hong Kongers in mid-March caused another wave of infections."

"Prominent real estate advisor Savills is pleased to announce that despite challenging market conditions, its Investment team has concluded HK$12.8 billion of real estate deals since January 2020, remaining a market leader across many asset classes including industrial, luxury residential properties and development sites."

"Prominent real estate advisor Savills pointed out that only bargain-hunting investors were left in the office market looking for deeply discounted assets (30% or more), with most end users holding back from making any purchase decisions due to worsening business prospects. "

"The COVID-19 outbreak which began at the turn of the year has disrupted first Mainland China and now global supply chains, resulting in a dismal local trading performance."