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Savills

Savills
The latest news and top stories on Savills. A leading entity in the Real Estate Services sector, London-based Savills plc is a global real estate advisor with over 700 offices and associates in more than 70 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East. They specialise in a broad range of advisory, management, and transactional services for residential, commercial, and rural properties, including investment and property management. Primarily serving a diverse international client base, Savills is known for its strong market position and consistent industry accolades, such as "Global Real Estate Adviser of the Year".
Shoppers queue and snap photos in Tsim Sha Tsui in early May. Photo: Jelly Tse
Hong Kong property

Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents – but loses global crown

City’s luxury retail shows resilience with rising tourist arrivals and new store openings despite global slowdown, according to Savills.

China property

Shenzhen office market gains steam on tech and services demand

International Property

Singapore’s safe-haven status draws more Chinese property investment

China property

Why Shenzhen may be first to climb out of China’s property slump

Shenzhen’s housing inventory drops to a seven-year low, offering an early signal that China’s property downturn may be nearing a turning point.

Shenzhen’s residential inventory has fallen to a seven-year low, putting it ahead of other first-tier Chinese cities in clearing excess housing stock. Photo: Getty Images
Hong Kong property

Hong Kong safe haven appeal seen rising as Middle East turmoil clouds outlook

A slowdown in Hong Kong office leasing reflects caution among multinationals, yet analysts see upside as investors seek stability.

China property

Top Chinese developers’ losses mount as debt overhaul props up operations

Analysts say subdued demand and cautious buyers persist, with one-off debt restructuring masking deeper losses in the sector.

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China property

China mall shuffle: as EVs exit, who’s filling the ground-floor showrooms?

New demand for mall space comes from brands riding fresh trends, including Unitree Robotics, Pop Mart and Lululemon.

People walk past an EV showroom inside a shopping mall in Beijing. Photo: AP
China property

China’s shoppers head for suburban outlets, a bright spot in retail property

Outlet spending nearly doubles to around US$36 billion over five years, prompting investment surge while urban malls suffer high vacancies.

Singapore

Singapore real estate giants feel the heat amid China’s property woes

Analysts say Singaporean companies are still likely to bet on China’s massive market, but could now adopt a more selective investment approach.

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International Property

Singapore offices cost the most to outfit, Asia-Pacific survey says

Fit-out costs in the city average more than US$2,000 per square metre, topping Tokyo, with Hong Kong in eighth, Knight Frank report says.

Rents have been rising amid falling vacancy rates in Singapore’s central business district. Photo: AFP
Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
Hong Kong property

Hong Kong’s small landlords turn to co-working, student hostels to survive

With record office supply and tenants flocking to premium towers, landlords convert assets to co-working and student digs to survive.

India

The View | Why AI disruption isn’t a major threat to India’s booming office market

Tech disruption is unlikely to spoil India’s commercial real estate party. If anything, the world’s hottest office market is too hot.

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Hong Kong property

Hong Kong home sales head for 22-year high as developers test price resilience

Deep discounts that were offered by developers to reduce unsold inventory may be a thing of the past, analysts say.

Aerial view of residential buildings in Tseung Kwan O. Photo: Sam Tsang
China property

Swire Properties bullish on mainland retail despite slowing market

Foot traffic and sales have been rising across Swire’s mainland portfolio, lifted by Gen Z shoppers, holiday spending and policy support.

Taikoo Li Sanlitun. Photo: Swire Properties
China property

Hotel conversions gain traction in China’s office market amid high vacancies

In Hangzhou, one office building now houses around 10 hotels, alongside restaurants, photography studios and second-hand luxury stores.

Technology

Singapore, Beijing land in top 10 of Savills’ Matcha Index of global tech cities

Even with its premium-priced matcha drinks, Singapore ranks among the world’s most ‘liveable’ cities for tech workers.

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Hong Kong property

Exclusive | US anti-piracy firm Vobile buys top floor of Bank of America Tower at a discount

The Emmy-winning firm has bought the top floor of the US bank’s Admiralty office for US$25.4 million – more than 60 per cent below its peak.

The Bank of America Tower is a 38-floor skyscraper located in the Admiralty area of Hong Kong. Photo: Shutterstock
Hong Kong property

Hong Kong developers test ultra-luxury home demand with new launch on The Peak

As property prices stabilise and rents are on the rise, affluent buyers are being enticed with a fresh supply of high-end homes.

Hong Kong property

Hong Kong, Singapore embrace flex offices as multinationals reshape demand

Flex operators deliver creditworthy tenants – a departure from the sector’s early reliance on start-ups and small firms: analysts.

Luxury brands

Why global luxury brands are switching to shopping streets in China

Luxury giants are transforming China’s retail scene, blending culture, cuisine and shopping in vibrant street-level destinations.

Stand-alone flagship stores with distinctive architectural facades are gradually gaining traction in China. Above, Beijing’s Taikoo Li Sanlitun North. Photo: Zhu Wenqian
Asia housing and property

The View | After vitalising its property market, India must shore up its weaknesses

The sustainability of the real estate boom will depend on how well New Delhi can address lingering gaps in affordability and infrastructure.

Buildings are seen under construction in Mumbai, India, on May 5. Photo: Reuters
China property

Shanghai retail landscape evolves with new malls, shift to experiential shopping

Hang Lung, New World and Swire are renovating and expanding their malls in Shanghai to stay relevant in a competitive environment.

Hong Kong property

US$44 million sale of Hong Kong luxury home linked to mainland Chinese investor

Deal involving buyer Xu Liusheng adds to a growing list of prime assets being snapped up following years of falling prices in Hong Kong.

Hong Kong property

Returning expats fuel Hong Kong’s luxury rental rebound, Savills says

High-end residential rents set to climb 3 to 5 per cent next year amid strengthened appeal of business and education sectors: consultancy.

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A view of 42A Plantation Road on The Peak, which rented for HK$1 million per month this year. Photo: Handout
Millionaires and billionaires

Hong Kong trails Dubai, Singapore in list of destinations for the rich

City ranks highly for business environment and family infrastructure, but trails some rivals in cultural elements, Savills says.

Victoria Harbour pictured from The Peak on August 31, 2025. Photo: Sun Yeung
Hong Kong property

Hong Kong’s office market picks up amid IPO boom, demand from Chinese law firms

Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800 sq ft of net space, according to JLL.

International Property

Fed’s rate cut to fuel property investment globally, but Hong Kong faces hurdles

Lower rates will mildly boost commercial property transactions in Hong Kong, but oversupply is likely to pressure asset prices, analysts say.

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