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January 2023
.jpg "2022 PE Investments in Indian Real Estate at USD 3.4 billion, at par with 2021")
2022 PE Investments in Indian Real Estate at USD 3.4 billion, at par with 2021
31 January 2023
4 January 2023: Private equity investments inflows into the Indian real estate sector stood at USD 3.4 billion (INR 271 billion) at the end of 2022. This is at par with the investment quantum registered in 2021, according to the latest data by Savills India, a global property consulting firm.
.jpg "Industrial & Warehousing records over 46 million sq. ft space of absorption in 2022")
Industrial & Warehousing records over 46 million sq. ft space of absorption in 2022
31 January 2023
3 January 2023: Industrial and warehousing space witnessed absorption of more than 46 mn sq. ft in 2022 which includes over 36 mn sq. ft from tier I cities and over 10 mn sq. ft from tier II & III cities.
Total 2022 investment sales fell by 1% year-on-year to S$24.7 billion
30 January 2023
Office investment sales increased 45.8% year-on-year to $7.52 billion in 2022
Border Reopening to Boost Sentiment in Luxury Residential Market
20 January 2023
Some eye-catching super luxury deals completed towards the end of the 2022 reflect a revival of sentiment, according to Savills in its Market in Minutes - Hong Kong Residential Sales report for Q4/2022.
Savills Singapore brokered the sale of office units in Southpoint for $32.68 million
18 January 2023
Highest record per square foot price for office units in Southpoint
.jpg "Savills Hong Kong’s First Large Transaction in 2023 – West 9 Zone Sold for HK$748 Million")
Savills Hong Kong’s First Large Transaction in 2023 – West 9 Zone Sold for HK$748 Million
12 January 2023
International real estate firm Savills has forged the first large transaction in 2023, the commercial development of Florient Rise, West 9 Zone at No. 38 Cherry Street, Tai Kok Tsui, Kowloon. The property was sold to Sunlight REIT for HK$748 million. The property has an approximate gross floor area of 58,836 square feet.
Luxury Residential Rents Slip On Weak Volumes
10 January 2023
The market has seen very little change in activity levels since the third quarter, but landlords showed greater flexibility in negotiations towards year-end as many were keen to lease vacant units before the traditionally quiet run up to the Chinese New Year in late January, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q4 2022.
Investment Interest Softens in Industrial Sector
09 January 2023
The anticipated border reopening will bring much-needed breathing space to local logistics operators, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report for Q4 2022.
(2).jpg "Office Rents Look To Fall Further In An Uncertain Year Ahead")
Office Rents Look To Fall Further In An Uncertain Year Ahead
06 January 2023
Grade A office rents are 30% down from their 2019-peak, while vacant space surged to 6.6 million square feet net in Q4/2022, according to Savills in its Market in Minutes – Hong Kong Office Leasing report for Q4 2022.
.jpg "Savills Property Management partners with Blue Dragon Children’s Foundation for Gift of Happiness")
Savills Property Management partners with Blue Dragon Children’s Foundation for Gift of Happiness
05 January 2023
To support underprivileged children across Viet Nam, Savills Property Management partnered with Blue Dragon Children’s Foundation on the “Gift of Happiness” campaign in December 2022. This campaign was part of the continued partnership between the two companies, a relationship that is fundamental to the Savills Cares program. Savills communities donated generously and more than 1,000 gifts were delivered to children in need throughout Ha Noi, Dien Bien, and Ha Giang.
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