News

"Hong Kong – 11 Jul 2019 Prominent real estate advisor Savills see recent domestic and overseas uncertainties have led to a fall in both transaction volumes and values. The few office transactions recorded over Q2 were driven by bargain-hunting veteran investors and end users. The core retail investment market was particularly hard hit by declining retail sales, with suburban retail remaining relatively unscathed. The firm expects the investment market to endure another bumpy ride over the next three to six months."

"Hong Kong – 10 Jul 2019 Prominent real estate advisor Savills saw the luxury residential leasing market lost momentum in Q2 with rents across all districts posting marginal declines as financial services demand weakened. However, rents in the townhouse market are still supported by limited availability. Expats are a diminishing force, and the market is now dominated by both locals and mainlanders."

"Hong Kong – 09 Jul 2019 Prominent real estate advisor Savills pointed out that despite the positive rental growth for seven consecutive quarters (+0.8%) in all districts, the rate of growth was lower than the 1.6% rise posted in the previous three months. While decentralization will be given a further boost with the completion of new infrastructure, vacancy in core business districts is expected to remain low."

"Hong Kong - 08 July 2019 Prominent real estate advisor Savills pointed out in its Q2/2019 Industrial Briefing that industrial sales sentiment was subdued by external uncertainties and deal volumes declined significantly. However, with vacancy remaining extremely tight (1.9% overall and 0.8% for modern warehouses), the warehouse sector actually recorded a rental increase. Investment sentiment is expected to remain cautious with the ongoing trade situation and the volatile stock market, and volumes are expected to remain low while prices may hold up for another few months."

"Hong Kong – 04 Jul 2019 Prominent real estate advisor Savills believes the retail leasing market is slowing in tandem with retail sales, with shopping mall rents little changed in Q2, while prime street shop rents recorded a fall of 1.9%. Food, pharmaceuticals and cosmetics are out-performing other retail sectors (+3.1% YoY and +1% YoY in May). The firm believes that the 2019 retail market will see a quiet second half with no big headline deals."

"Hong Kong - 13 Jun 2019 Prominent real estate advisor Savills pointed out in its Hong Kong Asian Cities Report 1H 2019 that co-living is bridging the gap in the urban millennial segment and offering an opportunity to investors, developers and property owners to create not only property value, but also social impact in the community. We foresee that these buildings will remain a popular alternative asset type."

"Prominent real estate advisor Savills pointed out that with the subsequent rebound of the stock market by 19% over Q1, save for any unexpected external turbulence, the short-lived home price correction seems to be nearing its end."

"Savills has been appointed as sole leasing agent for a New York styled hotel and serviced apartment - The Mercury. Located at 23 Mercury Street, Tin Hau, the property boasts 69 residences with premium services and facilities and is set to bring urban-chic living from New York’s Soho to Hong Kong. "

"Savills plc, the international real estate advisor, is today holding its Annual General Meeting (AGM) at 12 noon, 33 Margaret Street, London, W1G 0JD, and provides the following AGM statement."

"Hong Kong – 07 May 2019 Prominent real estate advisor Savills is pleased to announce that it has concluded HK$25 billion real estate deals since January 2019. In 2018, the Hong Kong investment team hit a record HK$80 billion transaction volume and was ranked No. 1 overall broker in Hong Kong by Real Capital Analytics (RCA) for the year 2018 – 2019; while Savills Hong Kong took home four Royal Institution of Chartered Surveyors (RICS) Hong Kong Awards in 2019."