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.Wednesday, 24 April, 2013, 5:20am
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 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
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
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
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
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
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
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 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