News

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News

Valuations

Savills wins 2019 API Valuations Team of the Year

"Around 360 property professionals gathered for the prestigious Australian Property Institute (API) Excellence in Property Awards and Gala Dinner last month, hosted at the National Property Conference (NPC) on the Gold Coast, with the event receiving its highest turnout this year."

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News

Hotel & Resort

Savills Hotels APAC hosts seminar dedicated to selection and appointment of hotel operators

"The process of selecting and appointing a hotel operator is complicated and lengthy that involves a lot of research, planning and negotiation. In order to help property developers conduct this process efficiently, in late October 2019, Savills Hotels Asia Pacific hosted the seminar which explained the process of appointing hotel operators and international brands as well as discussing how operators interact with hotel owners during planning and construction stages."

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News

Commercial Investment

Sports & Spinal Clinic snaps up Bronte Strata

"Sports & Spinal Chiropractic Clinic has snapped up Shop 4, 284 Bronte Road, Waverly, on one of the Eastern suburb’s busiest retail strips for $570, 000 from Dewreef Pty Ltd on a 5.1% yield."

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News

Research

Hong Kong luxury residential rents slip in Q3, with leasing demand holding up surprisingly well

"Hong Kong – 28 Oct 2019 Prominent real estate advisor Savills pointed out that luxury apartment rents in Hong Kong Island, Kowloon and New Territories experienced falls which were larger than those of previous quarters, down by 1.6%, 3.6% and 3.1% respectively, compared to 1.0%, 0.8% and 2.5% in Q2/2019. There is a sense that continuing unrest will eventually impact Hong Kong’s appeal as an overseas posting, however, the finance and professional services sectors have so far experienced less disruption and tenant demand from this quarter remains firm for now."

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