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News

Residential

Hong Kong home price rebound signals end of correction

"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."

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Residential

The Mercury - brand new hotel & serviced apartment in Tin Hau

"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. "

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News

Property Management

Savills Vietnam named Property Manager of DOJI Tower

"Savills Vietnam has been appointed the Property Manager of DOJI Tower, a DOJI Group project after the official signing ceremony in April 2019. Mr. Nguyen Thanh Long, Head of Asset Management, DOJI Group believes that choosing Savills as the property management agent will enhance the professional standard for the building and offer tenants the highest standard of service at Doji Tower – the key project celebrating 25 years of DOJI Group."

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News

Commercial Investment

Savills Hong Kong leads the market with HK$25 billion real estate transactions in 2019

"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."

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News

The Executive Centre to be the first tenant in the Friendship Tower

"Ho Chi Minh City, 06 May 2019. Friendship Tower - the first investment of CZ Slovakia in Vietnam advised by international real estate consultancy Savills Vietnam, located on the prestigious Le Duan Street in Ho Chi Minh City, is very proud to secure world class flexible workspace provider The Executive Centre as its first tenant signing 1,442 sq m of space spanning two floors."

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Industrial

Hong Kong modern warehouse vacancy remains frictional

"Hong Kong - 29 April 2019 Prominent real estate advisor Savills saw overall and modern warehouse rents increased by 1.6% and 2.6% respectively in Q1/2019. With vacancy remaining tight (1.8% overall and 0.7% for modern warehouses), many tenants chose to renew their leases. The sales market saw renewed interest in en-bloc / majority share deals with reviving sentiment, and industrial prices rebounded across all three subsectors. We expect warehouse vacancy to remain tight with warehouse rents continuing to head north."

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News

Commercial Investment

Hong Kong investment sentiment rebounds in Q1

"Hong Kong - 28 April 2019 Prominent real estate advisor Savills pointed out that Hong Kong office values have bounced back while street shop prices continue to drift. We saw some green shoots of office and retail price recovery on Kowloon side in Q1/2019, while prices remained largely flat on Hong Kong Island. We expect office prices to rebound across the board, and suburban retail to continue to outperform both in terms of price and rental growth."

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