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.

Hong Kong luxury residential rents slip in Q3, with leasing demand holding up surprisingly well

Hong Kong luxury residential rents slip in Q3, with leasing demand holding up surprisingly well

28 October 2019

Hong Kong – 28 Oct 2019 Prominent real estate advisor Savills pointed out that luxury apartment rents in Hong Kong Island, Kowloon and New Territories experienced falls which were larger than those of previous quarters, down by 1.6%, 3.6% and 3.1% respectively, compared to 1.0%, 0.8% and 2.5% in Q2/2019. There is a sense that continuing unrest will eventually impact Hong Kong’s appeal as an overseas posting, however, the finance and professional services sectors have so far experienced less disruption and tenant demand from this quarter remains firm for now.

 
 
Hong Kong luxury residential sales volumes dwindle while prices moderate

Hong Kong luxury residential sales volumes dwindle while prices moderate

24 October 2019

Hong Kong – 24 Oct 2019 Prominent real estate advisor Savills pointed out that while recent social unrest and worsening economic conditions have cast a cloud over the housing market in general, mass residential volumes have held up well thanks to buoyant primary sales over the first eight months of the year. The implementation of a vacancy tax by year-end should accelerate launches of backlog units as well as new projects, maintaining market momentum.

 
 
Hong Kong commercial property prices take a hit in Q3

Hong Kong commercial property prices take a hit in Q3

17 October 2019

Hong Kong – 17 Oct 2019 Prominent real estate advisor Savills pointed out in its Q3 Investment Briefing that a volatile economic and social backdrop saw non-residential transaction volumes collapsing by 57% in July and August following a 48% YoY decline in the first half of the year. Local disruption is compounding the negative consequences of the trade war and hitting commercial volumes hard, but retail prices only adjusted mildly compared to the dramatic decline in retail rents; while the office sector saw a rapid decline in buyer appetite.

 
 
Hong Kong warehouse rents fall for the first time since 2016

Hong Kong warehouse rents fall for the first time since 2016

16 October 2019

Hong Kong – 16 Oct 2019 Prominent real estate advisor Savills pointed out in its Q3/2019 Industrial Briefing that in contrast with the weak general market, the industrial investment segment is proving to be relatively resilient thanks to redevelopment interest. The leasing market, however, recorded a rebound in vacancy rates and a mild fall in rents. The firm believes the new air freight safety regulations have boosted the space needs of air freight forwarders, though this new demand is expected to be short-lived.

 
 
 

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Olive Jiang

Olive Jiang

Senior Manager
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+852 2842 4409

 

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