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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".

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

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.

15 Mar 2026 - 12:00PM

China property

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

8 Mar 2026 - 8:30AM

Singapore

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

7 Mar 2026 - 5:31PMvideocam

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.

4 Mar 2026 - 4:32PM

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.

4 Mar 2026 - 3:02PMvideocam

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.

1 Mar 2026 - 7:30AM

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.

23 Feb 2026 - 4:30PMvideocam

Data labeller Indu Nadarajan working at the delivery centre of NextWealth, an AI-enabling services firm, in the Namakkal district of India’s Tamil Nadu state on January 12. Photo: AFP

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.

23 Feb 2026 - 11:50AM

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.

26 Jan 2026 - 10:38AM

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.

18 Jan 2026 - 11:00AM

Hotel operators are seeking lower-cost, well-located space, and office landlords are looking to reduce vacancy, says James Macdonald, head of research for China at Savills. Photo: Handout

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.

7 Jan 2026 - 7:30AM

Singapore’s vibrant and rich cafe culture has made it one of the world’s most liveable cities for tech workers. Photo: Shutterstock

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.

31 Dec 2025 - 8:35AM

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.

28 Dec 2025 - 10:00AM

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.

21 Dec 2025 - 11:30AM

Flexible workspaces at One IFC Hong Kong. Photo: Handout

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.

21 Dec 2025 - 10:00AM

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.

15 Dec 2025 - 5:43PM

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.

14 Dec 2025 - 11:30AM

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.

21 Nov 2025 - 4:43PM

The exclusive Deep Water Bay development comprises 12 three-storey homes. Photo: Handout

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.

12 Nov 2025 - 8:30AM

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.

12 Nov 2025 - 5:19PM

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.

24 Sep 2025 - 8:30AM

The overall vacancy rate in Hong Kong increased 0.1 per cent to 13.5 per cent month on month in August. Photo: Jelly Tse

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.

22 Sep 2025 - 8:30AM

Commercial real estate transactions in Hong Kong fell 45 per cent to US$900 million in the April to June quarter, the lowest since the 2008 global financial crisis, according to MSCI. Photo: Eugene Lee

International Property

South Korea’s ban on foreign homebuyers to cool Seoul prices, Chinese spending

The measure, which took effect last month, marks the government’s latest effort to counter speculation in the housing market.

14 Sep 2025 - 10:00AM

Hong Kong property

Southeast Asian ‘smart money’ fishing for ‘trophy assets’ in Hong Kong

Singaporean buyers are joining wealthy mainland individuals in scooping up bargains as prices remain depressed, a Savills director says.

17 Aug 2025 - 10:03AM

Hong Kong property

Hong Kong luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Mainland buyers account for 80 per cent of 35 deals in last year and a half, including five above HK$1 billion (US$127 million).

11 Aug 2025 - 9:34AM

A 6,071 sq ft detached unit at 138 Pokfulam Road sold to a mainland buyer for HK$300 million in April, according to Land Registry records. Photo: Handout

International Property

US leads Asia-Pacific real estate deals with assets worth US$5 billion

Cross-border real estate investments in Asia-Pacific reaches US$12.1 billion in the second quarter, the most since the third quarter of 2022.

3 Aug 2025 - 9:30AM

People walk past a real estate agent’s window in Melbourne. Australia was one of the top cross-border real estate investment destinations in the second quarter. Photo: AFP

International Property

Wimbledon courts wealthy homebuyers amid decline in London home prices

In the second quarter of 2025, Wimbledon home prices recorded a 3.4 per cent increase from a year earlier.

21 Jul 2025 - 9:30AM

China property

Swire to lease more Shanghai retail space after record 18-building move - sideways

Zhangyuan, a 140-year-old compound in Shanghai, is an urban regeneration project offering 140,000 square metres of gross floor area.

20 Jul 2025 - 10:00AMvideocam

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Savills

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.

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

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

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.

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.

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.

.css-1pcrwvc{color:#2aa191;}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.

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.

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.

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.

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.

.css-19im5qg{color:#c79a00;}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.

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, 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.

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.

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.

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.

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.

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.

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.

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.

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.

South Korea’s ban on foreign homebuyers to cool Seoul prices, Chinese spending

The measure, which took effect last month, marks the government’s latest effort to counter speculation in the housing market.

Southeast Asian ‘smart money’ fishing for ‘trophy assets’ in Hong Kong

Singaporean buyers are joining wealthy mainland individuals in scooping up bargains as prices remain depressed, a Savills director says.

Hong Kong luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Mainland buyers account for 80 per cent of 35 deals in last year and a half, including five above HK$1 billion (US$127 million).

US leads Asia-Pacific real estate deals with assets worth US$5 billion

Cross-border real estate investments in Asia-Pacific reaches US$12.1 billion in the second quarter, the most since the third quarter of 2022.

Wimbledon courts wealthy homebuyers amid decline in London home prices

In the second quarter of 2025, Wimbledon home prices recorded a 3.4 per cent increase from a year earlier.

Swire to lease more Shanghai retail space after record 18-building move - sideways

Zhangyuan, a 140-year-old compound in Shanghai, is an urban regeneration project offering 140,000 square metres of gross floor area.

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

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