News

"Prominent real estate advisor Savills pointed out that the retail sector has borne the brunt of the corrosive effects of the trade war and the damaging impact of the social unrest on visitor numbers. Looking ahead, without a resolution in sight, the current market conditions could prevail into next year and it is worth remembering that the negative impact of the Occupy Movement was felt for at least 12 to 18 months, yet day trippers are expected to be the first to return if things were to return to normal."

"Prominent real estate advisor Savills pointed out that the positive rental growth of Hong Kong’s Grade A office ended its seven-consecutive-quarter run abruptly in Q3 with overall rents falling by 1.0%; while the vacancy rate remained low (3.8%). All sub-markets saw a drop except Kowloon West where rents remained unchanged. On a positive note, Mainland firms remain committed to Hong Kong, even if some multinationals may be weighing up other regional alternatives. New supply over the next five years will be focused in Kowloon East and fringe island while 2023 will see major new projects completing in Central."

"This October, UOL Group Limited (UOL), one of Singapore’s leading public-listed companies with total assets of USD$15 billion, is launching its maiden project The Sky Residences at One Bishopsgate Plaza, a new development in the heart of the City of London. The residences will be showcased across five Asian markets from mid-October."

"Today marks the international launch of King’s Road Park by St William in Fulham. Located just 60 metres from the King’s Road and next to Chelsea, King’s Road Park will deliver over 1,800 homes set within six-acres of open space, including a park, square and residents’ garden. King’s Road Park will also provide world-class residents’ facilities and 100,000 sq. ft. of commercial space."

"Hong Kong – 17 Sep 2019 Prominent real estate advisor Savills is delighted to announce the successful sale of a majority share of Winway Building located at 50 Wellington Street, Central for HK$780 million to a wholly owned subsidiary of SEA Group (HK00251). This is a rare prime office building transaction in the second half of 2019."

"Hong Kong – 13 Sep 2019 St George, a proud member of the Berkeley Group, unveils Affinity House , the jewel in the crown of Phase 1 at Grand Union , the landmark new waterside development in North West London."

"• Roadshow coincides with release of new interior images from leading architects Gehry Partners, Foster + Partners and WilkinsonEyre• Stunning apartments in Electric Boulevard available to purchase"

"Hong Kong – 07 Aug 2019 Price growth across the world’s leading prime city housing markets has continued to slow during the first half of 2019, rising by just 0.4%, taking the annual growth to 0.7%. This compares to a 5.1% YoY increase in the year to June 2018. All six cities tracked in Greater China recorded solid growth, with Hong Kong topping the table as the world's most expensive housing market."

"Hong Kong – 14 Jul 2019 Prominent real estate advisor Savills reported that the overall Hong Kong residential market recorded 21,685 transactions in the first four months of 2019, flat compared with the same period last year. Both luxury and mass residential markets were supported by the primary market, as its market share of total volume increased from 22.4% in Q1 to 37.4% in Q2. The super luxury segment saw a fall in demand and the townhouse market recorded a 1.5% price adjustment over Q2."