english-mar.jpg)
March 2023
.jpg "Savills Appointed Sole Agent for the Sale of a Residential Site in the Northern Metropolis")
Savills Appointed Sole Agent for the Sale of a Residential Site in the Northern Metropolis
28 March 2023
International real estate firm Savills is appointed as the sole agent for the tender sale of a residential site in Sheung Shui, New Territories, where the core area of the “Northern Metropolis”. The site involves parts of sections of Lot No. 1583 & Lot No. 1584 in Demarcation District No. 100, which is situated next to Miami Crescent on 328 Fan Kam Road in Sheung Shui. The currently bare site is to be sold with vacant possession and on an "as is" basis for an asking price of HK$100 million. The tender will close at noon on 19 June 2023 (Monday).
.jpg "Savills Singapore brokered the sale six-storey Boat Quay shophouse for $37 million")
The Formation of the New Super Prime Team in the International Residential Sales Team
20 March 2023
Savills (Hong Kong) Limited is pleased to announce the formation of the new Super Prime Team in the International Residential Sales team with effect from today.
Singapore ranks 6th most expensive city for office space
20 March 2023
Q4 2022 sees total Singapore office costs reach USD $142.73 (annual psf)
17 March 2023
Savills Singapore, as the sole marketing agent, is proud to offer homes at Embassy Gardens, the landmark development in Nine Elms in Zone 1, for sale.
New residential sales volume in Q4 2022 and full year 2022: the lowest in 14 years
16 March 2023
47.9% drop in Singaporeans buying non-landed homes in Q4. Luxury non-landed private residential prices continue to rise for ninth consecutive quarter to S$2,568 psf
16 March 2023
Savills Singapore is the appointed Consultant Project Manager for the Geylang Serai Cultural Belt rejuvenation project in partnership with BDP Architectural Services. The project was awarded following a competitive Geylang Serai Design Competition, overseen by the Singapore Institute of Architects (SIA).
Savills Presents 23/F United Centre for Sale with The Indicative Price of HK$25,000 per Square Foot
15 March 2023
International real estate firm Savills is appointed as sole agent for the sale of 23/F, United Centre (known as "The Property"), a traditional grade-A commercial building located in the heart of Hong Kong's Central business district. The property has an approximate gross area of 20,489 square feet with over 85% saleable area. The property is sold on an "as-is" basis, with partial existing tenancies and partial vacant possession. The indicative asking price of HK$25,000 per square feet, making it an attractive investment for those looking for quality commercial real estate in a prime location.
.jpg "Savills Appointed Sole Agent for the Collective Sale of 100% Undivided Shares of Luxury Residential Site in Happy Valley")
13 March 2023
International real estate firm Savills is appointed as the sole agent for the collective sale of 100% undivided shares of a residential site on 111-117 Blue Pool Road, Happy Valley. The site with an area of 10,360 square feet is situated at the prestigious luxury residential area that overlooks the valley and urban landscapes. Rare on the market for its substantial scale, the site has no restrictions to the number of units and could be redeveloped into houses or apartments with a maximum GFA of 21,762.3 square feet in total (with land premium required). The Deadline for EOI submission will be by 2nd May 2023.
Private non-landed rents increased 29.7% year-on-year in 2022, highest since 2007.
10 March 2023
Luxury segment of non-landed rents tracked by Savills surged 35.9% year-on-year in 2022, highest since 2005. Parc Esta recorded highest leasing transactions and median rent of S$7.43 per square foot, surpassing Marina One Residences and The Sail @ Marina Bay in Q4 2022.
Subscribe to Savills Research
Would you like to be notified via email about new research?
