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Hong Kong sees sluggish Q2 for the super luxury residential segment

"Hong Kong – 14 Jul 2019 Prominent real estate advisor Savills reported that the overall Hong Kong residential market recorded 21,685 transactions in the first four months of 2019, flat compared with the same period last year. Both luxury and mass residential markets were supported by the primary market, as its market share of total volume increased from 22.4% in Q1 to 37.4% in Q2. The super luxury segment saw a fall in demand and the townhouse market recorded a 1.5% price adjustment over Q2."


Savills appointed as lead agent and marketing for Capital Place

"Capital Place is Hanoi’s first international grade A modern office development at 29 Lieu Giai, Ba Dinh District, Hanoi. The commercial development is now leasing and will set new standards for offices in the city in terms of development design, efficiency, scale, services and technology. Savills Vietnam is the Lead Leasing and Marketing Agent for the project."


Savills Vietnam announces the launch of Korean desk

"With leading investment flow to Vietnam, Korean clients and enterprises are playing an increasingly significant role in our property market. That is why Savills Vietnam launched its new Korean desk to assist a wide range of Korean enterprises across its full range of real estate services in Vietnam, and appointed Ms. Hyojin Kim, based in Hanoi to run the desk."


Commercial Investment

Hong Kong investment sentiment subdued in Q2

"Hong Kong – 11 Jul 2019 Prominent real estate advisor Savills see recent domestic and overseas uncertainties have led to a fall in both transaction volumes and values. The few office transactions recorded over Q2 were driven by bargain-hunting veteran investors and end users. The core retail investment market was particularly hard hit by declining retail sales, with suburban retail remaining relatively unscathed. The firm expects the investment market to endure another bumpy ride over the next three to six months."



Hong Kong luxury residential rents dipped in Q2 while Victoria Dockside’s K11 Artus set a new rental record in Kowloon

"Hong Kong – 10 Jul 2019 Prominent real estate advisor Savills saw the luxury residential leasing market lost momentum in Q2 with rents across all districts posting marginal declines as financial services demand weakened. However, rents in the townhouse market are still supported by limited availability. Expats are a diminishing force, and the market is now dominated by both locals and mainlanders."

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