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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".
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
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

China property

Swire Properties bullish on mainland retail despite slowing market

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.

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.

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.

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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.

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.

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.

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.

Malls in Shanghai are revamping with new concepts to keep consumers interested. Photo: Reuters
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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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.

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.

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.

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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.

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).

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.

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.

Wimbledon Park, a residential area. Photo: Handout
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.

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Restoration work in progress at Zhangyuan, a 140-yer old shikumen compound in Shanghai. Photo: CCTV
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