Hong Kong News

Hardly a day goes by without a discussion on property, finance or a major development in the news in some part of the world. This section of the website brings you all the news on Savills from Hong Kong.

Savills World Cities Prime Residential Index H1 2019

Savills World Cities Prime Residential Index H1 2019

07 August 2019

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 sees sluggish Q2 for the super luxury residential segment

Hong Kong sees sluggish Q2 for the super luxury residential segment

14 July 2019

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.

 
 
Hong Kong investment sentiment subdued in Q2

Hong Kong investment sentiment subdued in Q2

11 July 2019

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 luxury residential rents dipped in Q2 while Victoria Dockside’s K11 Artus set a new rental record in Kowloon

Hong Kong luxury residential rents dipped in Q2 while Victoria Dockside’s K11 Artus set a new rental record in Kowloon

10 July 2019

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.

 
 
 

Key contacts

Olive Jiang

Olive Jiang

Senior Manager
Marketing & Communications

Two Exchange Square

+852 2842 4409

 

Savills Research

City lowdown: Shenzhen
China’s dramatic growth since beginning economic reforms can be summed up in a single word: Shenzhen.

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