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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".

Despite the recent slowdown, heightened geopolitical risk could ultimately strengthen Hong Kong’s appeal as a capital haven. Photo: May Tse

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.

13 Apr 2026 - 9:00AM

China property

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

1 Apr 2026 - 6:02PM

China property

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

15 Mar 2026 - 12:00PM

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.

8 Mar 2026 - 8:30AM

Consumers shop at Florentia Village in suburban Shanghai. Photo: Maggie Zhang

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.

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

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

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.

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

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

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.

26 Jan 2026 - 10:38AM

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.

18 Jan 2026 - 11:00AM

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

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

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.

28 Dec 2025 - 10:00AM

Wharf Holdings’ latest Plantation Road launch reflects how developers are encouraged by improved market sentiment, following a number of big-ticket transactions this year. Photo: Handout

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

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

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

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.

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

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

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.

12 Nov 2025 - 5:19PM

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.

24 Sep 2025 - 8:30AM

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

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

A view of Seoul after sunset, as a sightseeing boat sails on the Han River. Photo: Shutterstock

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

A view of a luxury residential property on Peak Road, the Peak. Photo: Roy Issa

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

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

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Savills

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.

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

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

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 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.

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.

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