Property prices may fall 20pc after curbs, agent Savills says

Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

The prediction follows in the wake of a sharp drop in sales of commercial and residential properties since the government raised stamp duties payable on all commercial and non-residential properties sales effective from February 22.

Thursday, 7 May, 2015, 12:48pm

Real-estate agents forced to diversify to survive

Raymond Lee, of Savills, Greater China, says the company will now be competing in the mass housing market. Photo: Edward Wong

International consultant Savills, which until now has focused on broking big-ticket property transactions in Hong Kong as well as introducing overseas properties to Hong Kong buyers, is expanding its sales force to enter the mass housing market in the city.

24 Apr 2013 - 5:20am

Hong Kong still the world's most costly city for billionaire homes

'Billionaire' properties in the city average HK$84,400 per sq ft for an average home of 5,200 sq ft

Hong Kong remains the most expensive city in the world for billionaire trophy homes, a report by international property consultancy Savills says. "Billionaire" properties in the city average £7,200 (HK$84,400) per square foot for an average home of 5,200 sq ft, it says.

21 Mar 2013 - 8:36am

Savills moves into China's serviced flat sector with Pudong deal

Global real estate adviser Savills has entered the mainland's fast-growing serviced flat sector and is looking to manage 20 properties across the nation by 2016.

"China's serviced residency market is one of the strongest in Asia, with Beijing and Shanghai seeing the most robust demand," said Neil Harvey, Savills' residence director.

20 Oct 2012 - 2:35am

Housing estate fights rail tunnel

Work on the Sha Tin to Central railway line only began last week, but is facing a possible delay after the manager of a luxury Mid-Levels property applied for a judicial review.

28 Jun 2012 - 12:00am

Cut has little impact

China's first interest rate cut since 2008 is unlikely to have a significant impact on the residential property market, according to Savills. The real estate consulting firm says the move will help improve confidence that the country is taking steps to spur flagging growth. It will also help reduce the mortgage burden on home owners.

22 Jun 2012 - 12:00am

Capital soars to new heights

Even before it hosts the Olympic Games this summer, London has already won gold. A consistent top performer

in the international property investment stakes, prime central London continues to improve on its personal best. New data also shows that the sector's growth momentum is picking up pace, as markets elsewhere in Britain lag behind.

9 May 2012 - 12:00am

One development proud to live it up with Henry

Naming a building 'The Henry' may not be the best bet for a property company in this political climate, given the battering one chief executive candidate has been taking.

These days any mention of the name Henry is immediately associated with scandal-hit Henry Tang Ying-yen.

11 Mar 2012 - 12:00am

Mainland rules 'still too tough on foreign buyers'

Foreign investors interested in buying office buildings in mainland China are still finding it difficult to secure deals, even as some properties have become more attractive due to Beijing's austerity measures, says global property broker Savills.

6 Dec 2011 - 12:00am

West Kowloon rules

West Kowloon has outperformed other luxury districts in price gains, according to Savills. The property consulting firm says prices in West Kowloon have surged 138.8 per cent since 2008, better than the second best performers, Happy Valley and Jardine's Lookout. West Kowloon also had the most luxury property transactions this year, at 84 by mid-May.

10 Jun 2011 - 12:00am

Former owner of King Yin Lei mansion pays HK$58 million to build houses next door

The former owner of historic King Yin Lei mansion in Mid-Levels has paid HK$57.99 million to the government for a new site to build houses after surrendering the monument site.

The unidentified owner paid the full market difference between the land values of the two sites, the Development Bureau said.

16 Dec 2009 - 12:00am

Info packs may cause distortion

Experts are divided over whether the British government's eleventh-hour decision to postpone the introduction of home information packs (HIPs) will worsen market distortions. A sales surge prior to the launch will be followed by a sales drought afterwards, agents warn.

30 May 2007 - 12:00am

Angry blast over FPD's upfront ad

Oh dear. Local property agent FPD Savills is in trouble over a pair of swollen breasts.

The bosom of contention is affixed to a winsome lass of the blonde persuasion.

She's the poster girl for a London property development called Artilleries.

The photographer captured her likeness from above, with the camera peering down her low-cut top.

17 Oct 2000 - 12:00am

First Pacific share plan cleared

Property agency First Pacific has announced its reorganisation plan involving share transactions with Savills has been approved by the British company's shareholders. Under the plan, First Pacific will sell its Asian property arm, First Pacific Davies, a wholly-owned unit, to Savills in return for 7.8 million new shares in Savills and HK$225 million in cash.

8 Apr 2000 - 12:00am

Buying remainder of Savills not an option, says First Pacific

First Pacific has denied reports wholly owned subsidiary, First Pacific Davies (FPD) is preparing a GBP143 million (about HK$1.83 billion) cash offer for the 80 per cent of British estate agency Savills it does not already own. FPD, which last year bought a 20 per cent stake in Savills for GBP17 million, said the reports were 'unfounded rumour and speculation'.

9 Oct 1999 - 12:00am