News

"Withdrawal of property cooling measures expected to boost residential volume, while prices may stabilize, according to Savills in its Market in Minutes – Hong Kong Residential Sales report in March 2024."

"While merchandise trade and air freight showed significant rebounds with growth rates of 6.8% and 16.3% respectively, sea freight and cold storage faced challenges in a challenging environment, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report of February 2024."

"The retail market in Hong Kong is steadily recovering, showing positive signs of progress despite the ongoing challenges. Total retail sales have rebounded, indicating a gradual recovery in consumer spending. However, the overall number of inbound visitors remains lower than desired, according to Savills in its Market in Minutes – Hong Kong Retail Leasing report of February 2024."

"Resilient performance in challenging markets driven by the Group’s less transactional service lines"

"Despite challenging macroeconomic conditions, end users have emerged as dominant players in the Q4/2023 investment market, according to Savills in its Market in Minutes – Hong Kong Investment report of February 2024."

"Hong Kong residential leasing market is witnessing significant changes in tenant profiles and preferences post-Covid, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report of February 2024."

"International real estate firm Savills is appointed as the sole agent by the receivers for the sale of entire block of Kimball Industrial Building,155 Wai Yip Street and circa. 88.9% undivided share of South China Factory Building,157-159 Wai Yip Street, Kwun Tong (excluding 3/F) (referred to as the "Properties"). Kimball Industrial Building and South China Factory Industrial Building are nine-storey and eight-storey buildings respectively, with the ground floor being used for warehousing and the upper floors for office spaces. The total site area is approximately 17,280 square feet, and the Properties are being sold on vacant possession and an "as is" basis."

"The Hong Kong office market is grappling with the dual challenges of oversupply and weak demand. Weakness in the financial sector and rising relocation costs were key factors contributing to the subdued demand observed,according to Savills in its Market in Minutes – Hong Kong Office Leasing report for February 2024."

"International real estate firm Savills is appointed as the sole agent for the sale of Shop 2A on UG/F, Parkvale, No.1060 King’s Road, Quarry Bay, Hong Kong (“The Property”). The Property offers approximately 10,527 square feet of space and is being sold on an "as is" basis with existing supermarket tenancies. The indicative price for the Property is approximately HK$155 million."

"International real estate firm Savills is appointed as the sole agent for the tender sale of House E, 10 Black’s Link, The Peak ("The Property"). The Property is a three-storey single family house equipped with a private garden and an internal elevator, with a saleable area 4,933 sq. ft.^, offering spacious living space. The Property is being sold on “as is” basis. The tender will be closed at noon on 22 April 2024 (Monday) tentatively."