News

"Savills plc, the international real estate advisor, publishes the following trading update in respect of the year ended 31 December 2018. Savills experienced a robust closing quarter in most of our business lines to deliver growth in both revenue and underlying profits for the full year."

"At the start of the year, prominent real estate advisor Savills saw office rents rising (+8% to 10%) and a retail sector recovery (+2% to 4%) in 2018. Sales figures increased (+5 to 9% depending on the asset) with the exception of prime street shops (-3%). Given the dual threats of the US / China trade conflict and interest rate hikes, the Grade A office market saw price declines, but rents are expected to gain 2.5 to 5% in 2019. Shopping centres and prime street shops should both hold steady at 2% gains in rent, but street shop prices could lose 5% this year."

"Prominent real estate advisor Savills pointed out that recent rate hikes and uncertainties over the US / China trade conflict have held back the industrial sales market in Q4; and modern warehouse rents rose by 2.1% with vacancy droping to a recent low of 0.5%. Tight availability and growing demand are expected to prop up the leasing market."

"International real estate advisor Savills has today announced the rebrand of its Middle East business following the acquisition of Cluttons Middle East on 31 May 2018. The firm, which was previously represented by associates in the Middle East, has completed a successful six month integration process with the region’s leading and longest-established advisor Cluttons Middle East, which will now be known as Savills. The occasion was celebrated with a briefing morning hosted by Savills Middle East CEO Steve Morgan, as well as key members of Savills leadership team."

"Prominent real estate advisor Savills pointed out in its Q4 office leasing report that overall Grade A office rents rose by 1.3% to record levels. Wanchai / Causeway Bay, popular among rent refugees from Central, recorded the highest rental growth among major business districts (+10.2%)."

"Prominent real estate advisor Savills pointed out a slight cooling down in residential rental growth in Q4, while luxury apartments and townhouses outperformed in 2018 recording 8% and 10% Y-o-Y rises respectively (compared with Savills’ forecast growth of 0% to 5%). "

"Prominent real estate advisor Savills is pleased to announce that it has advised on a record HK$80 billion in real estate deals across all sectors in 2018 - including 14-30 King Wah Road (HK$9.95 billion), Octa Tower (HK$7.5 billion), 39 Shouson Hill Road (HK$5.9 billion) and Provident Arcade (HK$2 billion). Riding on the success, Savills will open a new Investment Private Office (“IPO”) headed by Jonathan Chau to capture new business opportunities."

"Savills has been appointed by the Urban Redevelopment Facilitating Services Co. Ltd. Tender Closing Date: 11 January 2019 (Friday)."

"Savills plc today announces its unaudited results for the six months ended 30 June 2018."

"Savills has been appointed as sole agent for the tender sale of retail portion of Centro and its car park, located at 1A Chui Tong Road, Sai Kung. Tender Closing Date: 16 October 2018 (Tuesday)."