July 2023

Stable Rental Rates Despite the Decreased Logistics Demand

28 July 2023

Despite decreased logistics demand, the Q2 leasing market was dominated by renewals, with rents remaining stable, according to Savills in its Market in Minutes – Hong Kong Industrial Sales and Leasing report for Q2 2023.

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Savills Completes Sale of a Residential Site in Fanling for HK$77.3M

25 July 2023

International real estate firm Savills is delighted to announce the successful completion of the transaction of a residential site in Fanling, New Territories (the “Property”), where the core area of the “Northern Metropolis”. The Property was sold to Ming Hing Waterworks for HK$77.3 million. It 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.

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Influx of Talent Fuels Hong Kong Leasing Market

25 July 2023

The influx of talent via various talent schemes was positively impacting the residential leasing market, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q2 2023.

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Coveted Development Site At Port Melbourne Offered For Sale

24 July 2023

A prime landholding opposite Port Melbourne’s North Port Oval has been offered to market, with permits and plans in place for the development of luxury apartments which will capitalise on the location and stunning park and city views on offer.

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Dubai, Singapore and Bangkok: forecast to lead in H2 2023 for prime residential capital value growth

21 July 2023

Capital values grew on average by 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index in H1 2023, compared to growth of 0.8% in H2 2022. This left year-on-year growth to June 2023 at 1.9%, the slowest annual growth since December 2020.

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Savills Appointed Sole Agent for the Tender Sale of a Rare Unit at The Arch

21 July 2023

Savills, the international real estate firm, has been appointed the sole agent for the tender sale of a high-level four-bedroom unit at The Arch ("the Property"). The Property, which offers a saleable area of approximately 1,842 square feet, is being sold on an "as is" basis and comes with vacant possession. The tender is scheduled to close at noon, 29 September 2023 (Friday).

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Singapore, Lisbon and Berlin: cities with highest increase in rents first half of 2023

20 July 2023

Singapore, Lisbon and Berlin top the Savills Prime Residential World Cities Index for the greatest increase in rents for the first half of 2023.

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Savills Appointed as Sole Agent for the Sale of a Portfolio of Prime Shops of COS Centre, Kwun Tong

17 July 2023

International real estate firm Savills has been appointed as the sole agent by Tang's Family for the sale of a portfolio of prime located at the COS Centre on 56 Tsun Yip Street, Kwun Tong ("The Property"). Developed by Billion Development and Project Management Ltd, COS Centre was completed in 2015 and is adjacent to AIA Kowloon Tower and AXA Tower. The property for sale consists of nine shops in the COS Centre, with a total gross floor area of approximately 18,427 square feet, and a frontage of approximately 83 feet. a high-quality commercial property in the area, with the majority of tenants being F&B, including a popular restaurant that often attracts long queues of customers.

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Persistently High Interest Rates Dampen Investment Sentiment

12 July 2023

High interest was widely regarded as one of the main reasons behind sluggish property investment sentiment, according to Savills in its Market in Minutes – Hong Kong Investment report for Q2/2023.

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