News

Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the commercial real estate industry.  

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News

Office & Business Space

Hong Kong office leasing rental momentum continues in Q1

"Hong Kong - 17 April 2019 Prominent real estate advisor Savills pointed out that the record low vacancy rates (Hong Kong Island: 1.8%; Kowloon: 2.6%) supported the slight rise in office rents over Q1. Central, as the main driver of growth (+2.9%), hit over HK$150 per sq ft per month net effective. Thanks to efficient new transport infrastructure links, tenants now pay more attention to new high-quality buildings, sometimes above location."

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News

Retail

2019 will see stable retail rents and evolving trends in Hong Kong

"Hong Kong - 16 April 2019 Prominent real estate advisor Savills saw the Hong Kong retail leasing market posted a subdued performance and shopping mall rents rose modestly driven mostly by Harbour City (HK$102 million of retail sales daily in 2018), while street shop rents flatlined. Retail sales over January and February recorded their first decline since February 2017, falling by 1.6%. We expect retail rents to remain stable in 2019."

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News

Corporate News

Savills Group CEO Mark Ridley to visit Ho Chi Minh city

"Mr. Mark Ridley, newly appointed Group CEO for Savills, will be visiting Vietnam as part of his upcoming Asia Pacific trip. Mr. Ridley selected Vietnam as the next stop in his journey because “it is now one of the global property hotspots in 2019” and Savills considers it an important long-term strategic market for our business."

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News

Property Management

Savills officially launches SPMS

"With 4 million sq m of residential and commercial projects under management, including around 40,000 apartment units, Savills Vietnam has developed an exclusive communication channel in order to connect the Savills Property Management team and the residents in these buildings."

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