Download - PB 1 Jan 2021
REPORT
Savills Research
Asia Pacifi c – January 2021
Prime Benchmark
Prime Benchmark
2savills.com.hk/insight-and-opinion/
*Associate Office
AustraliaAdelaideBrisbaneCanberraGold Coast GordonLindfieldMelbourneNotting HillParramattaPerthSunshine CoastSouth SydneySydney
CambodiaPhnom Penh *
ChinaBeijingChangshaChengduChongqingDalianFuzhouGuangzhouHaikouHangzhouNanjingShanghaiShenyangShenzhenTianjin WuhanXiamenXi’anZhuhai
Hong Kong SARCentral Quarry Bay (3)Tsim Sha Tsui
IndiaBangaloreChennaiGurgaonMumbaiPuneHyderabad
IndonesiaJakarta
JapanTokyo
Macau SARMacau
MalaysiaJohor BahruKuala LumpurPenang
New ZealandAucklandChristchurch
PhilippinesMakati City *Bonifacio Global City *
SingaporeSingapore (3)
South KoreaSeoul
Taiwan, ChinaTaichungTaipei
ThailandBangkok
VietnamDa nangHanoiHo Chi Minh City
48Offices
Asia
14Offices
Australia &New Zealand
2
3
5
Asia Pacific OfficesSavills
Prime Benchmark
Comprehensive Services
Innovative Thinking
Asset Management
Facilities Management
Hotels
Industrial Services
Investment and Sales
International Residential
Occupier Services
Serviced Apartment Services
Offi ce Services
Project Management
Property Management
Research
Consultancy
Valuations
Residential Services
Retail Services
Assumptions: 1) 1 sq m = 10.7639 sq ft/0.3025 ping/0.3025 tsubo 2) As of 31st Dec 2020, USD/RMB = 6.53182; USD/HKD = 7.7504; USD/NTD = 28.1189; USD/JPY = 103.14; USD/KRW = 1,087.51; USD/SGD = 1.32232; USD/MYR = 4.03035; USD/VND = 23,177.9; USD/AUD = 1.3063; USD/PHP = 48.0349; USD/IDR = 14,046.9
This report has been prepared to provide a benchmark of occupancy costs of selective prime properties in various cities in Asia, inclusive of rents, management fees and government taxes/rates. Except for the hotel sector, all the costs are quoted on a net fl oor area basis per month, which is defi ned as the fl oor area exclusively allocated to a unit, excluding common areas. As only a small basket of 5 to 10 prime buildings are monitored in each sector, the rental data and occupancy costs reported in this publication might be higher than the average market fi gures being reported elsewhere. Given varying local market practices, necessary assumptions and judgments are made by our real estate professionals in local offi ces to achieve comparable results among the diff erent cities.
3
Savills is a leading global real estate service provider listed on the London Stock Exchange. The company, established in 1855, has a rich heritage with unrivalled growth. The company now has over 600 offi ces and associates throughout the Americas, Europe, Asia Pacifi c, Africa and the Middle East. In Asia Pacifi c, Savills has 62 regional offi ces comprising over 29,000 staff . Asia Pacifi c markets include Australia, China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand, Singapore, South Korea, Taiwan,
Thailand and Viet Nam. Savills provides a comprehensive range of advisory and professional property services to developers, owners, tenants and investors. These include consultancy services, facilities management, space planning, corporate real estate services, property management, leasing, valuation and sales in all key segments of commercial, residential, industrial, retail, investment and hotel property. A unique combination of sector knowledge and entrepreneurial fl air
gives clients access to real estate expertise of the highest calibre. We are regarded as an innovative-thinking organisation supported by excellent negotiating skills. Savills chooses to focus on a defi ned set of clients, off ering a premium service to organisations and individuals with whom we share a common goal. Savills is synonymous with a high-quality service off ering and a premium brand, taking a long-term view of real estate and investing in strategic business relationships.
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
US$ PSM NET PM
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
TAIPEIMANILA
HONG KONGTOKYOBEIJINGOSAKA
SINGAPORESHANGHAI
HO CHI MINH CITYSHENZHEN
GUANGZHOUHANOI
KUALA LUMPUR
SEOULJAKARTA
MANILA
OFFICES
0 50 100 150 200 250 300
HONG KONG
TOKYO
BEIJING
SEOUL
OSAKA
SINGAPORE
SHANGHAI
TAIPEI
HO CHI MINH CITY
SHENZHEN
GUANGZHOU
HANOI
MANILA
JAKARTA
KUALA LUMPUR
HONG KONG
242.1213.218.210.7
SINGAPORE
100.1100.1INCLUSIVEINCLUSIVE
GUANGZHOU
52.746.16.6INCLUSIVE
BEIJING
115.2107.28.0INCLUSIVE
TAIPEI
76.167.94.93.4
MANILA
37.631.24.22.2
TOKYO
179.4163.1INCLUSIVE16.3
SHANGHAI
89.479.510.0INCLUSIVE
HANOI
41.630.58.03.1
JAKARTA
34.123.27.93.1
SEOUL
105.980.525.4INCLUSIVE
HO CHI MINH CITY
61.449.86.65.0
KUALA LUMPUR
26.226.2INCLUSIVEINCLUSIVE
OSAKA
103.293.9INCLUSIVE9.4
SHENZHEN
61.255.35.9INCLUSIVE
4savills.com.hk/insight-and-opinion/
Prime Benchmark
-9.4%-9.4%
4.5%0.0%
4.6%-3.5%
10.3%0.0%
1.4%-3.0%
2.1%-3.1%
10.1%1.5%
5.5%0.9%
0.0%-0.5%
8.0%-0.4%
7.1%-1.2%
0.0%-0.5%
1.8%-1.7%
0.5%-1.1%
6.2%0.0%
COST CHANGESJUL TO DEC 2020
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
Rental changes in US$
Rental changes in local currency
US
$ P
SM
NE
T P
M
OFFICES
TOKYO
Source Savills Research & Consultancy
JAKARTA
HONG KONG
TOKYO
BEIJING
SEOUL
OSAKA
SINGAPORE
SHANGHAI
TAIPEI
HO CHI MINH CITY
SHENZHEN
GUANGZHOU
HANOI
MANILA
JAKARTA
KUALA LUMPUR
-10% -5% 0% 5% 10%
BEIJING
SEOUL
SHANGHAI
SINGAPORE
TAIPEI
HO CHI MINH CITY
HONG KONG
KUALA LUMPUR
0
50
100
150
200
250
300
350
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
5
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
HONG KONG
788.6720.632.036.0
BEIJING
322.2309.312.9INCLUSIVE
KUALA LUMPUR
169.4169.4INCLUSIVEINCLUSIVE
SINGAPORE
398.4398.4INCLUSIVEINCLUSIVE
TAIPEI
234.5210.913.110.5
HANOI
77.770.6INCLUSIVE7.1
TOKYO#
548.5498.6INCLUSIVE49.9
OSAKA
266.2242.0INCLUSIVE24.2
HO CHI MINH CITY
133.8113.39.311.3
JAKARTA
63.744.713.25.8
SHANGHAI
378.7365.113.6INCLUSIVE
SHENZHEN
225.0208.416.6INCLUSIVE
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
OSAKA
TOKYOOSAKA
HONG KONGSHANGHAI
BEIJINGTAIPEI
KUALA LUMPURMANILA
HO CHI MINH CITY
SINGAPORESEOULHANOI
JAKARTA
GUANGZHOUSHENZHEN
PRIME RETAIL MALLS
MANILA
48.940.45.72.8
GUANGZHOU
359.7350.69.1INCLUSIVE
SEOUL
178.4159.618.8INCLUSIVE
US$ PSM NET PM
0 100 200 300 400 500 600 700 800 900
HONG KONG
TOKYO
SINGAPORE
SHANGHAI
GUANGZHOU
BEIJING
OSAKA
TAIPEI
SHENZHEN
SEOUL
KUALA LUMPUR
HO CHI MINH CITY
HANOI
JAKARTA
MANILA
6savills.com.hk/insight-and-opinion/
Prime Benchmark
COST CHANGESJUL TO DEC 2020
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
PRIME RETAIL MALLS
-5.5%-5.5%
4.5%0.0%
-8.9%-13.5%
8.9%0.5%
11.3%2.6%
5.4%-2.8%
4.5%0.0%
2.1%-2.4%
-6.7%-1.5%
-0.4%-9.7%
3.3%-2.8%
2.6%2.1%
10.6%0.1%
-40.7%-41.6%
0.0%-3.5%
HONG KONG
TOKYO
SINGAPORE
SHANGHAI
GUANGZHOU
BEIJING
OSAKA
TAIPEI
SHENZHEN
SEOUL
KUALA LUMPUR
HO CHI MINH CITY
HANOI
JAKARTA
MANILA
-40% -30% -20% -10% 0% 10% 20%
Rental changes in US$
Rental changes in local currency
US
$ P
SM
NE
T P
M
0
200
400
600
800
1,000
1,200
1,400
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source Savills Research & Consultancy
BEIJING
TOKYO
SHANGHAI
SEOUL
TAIPEIHONG KONG
SINGAPORE JAKARTA
7
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
TOKYOHONG KONGSHENZHEN
GUANGZHOUBEIJING
SHANGHAI
HONG KONGKUALA LUMPUR
SINGAPORESHENZHEN
BEIJINGSHANGHAI
GUANGZHOU
LOGISTICS
TOKYO
24.722.5INCLUSIVE2.2
GUANGZHOU
9.28.7INCLUSIVE0.5
SINGAPORE
12.69.32.40.9
SHANGHAI
8.68.6INCLUSIVEINCLUSIVE
HONG KONG
21.718.42.30.9
BEIJING
8.78.1INCLUSIVE0.6
SHENZHEN
11.711.1INCLUSIVE0.6
KUALA LUMPUR
5.15.1INCLUSIVEINCLUSIVE
US$ PSM NET PM
0 5 10 15 20 25 30
TOKYO
HONG KONG
SINGAPORE
SHENZHEN
GUANGZHOU
BEIJING
SHANGHAI
KUALA LUMPUR
8savills.com.hk/insight-and-opinion/
Prime Benchmark
COST CHANGES*JUL TO DEC 2020
US
$ P
SM
NE
T P
M
LOGISTICS
BEIJING
HONG KONG
SHANGHAI
SINGAPORE
SHENZHENGUANGZHOU
-1.4%-1.4%
13.1%7.3%
11.0%2.4%
11.7%3.0%
9.7%0.7%
8.0%-0.4%
6.2%0.0%
HONG KONG
SINGAPORE
SHENZHEN
GUANGZHOU
BEIJING
SHANGHAI
KUALA LUMPUR
-5% 0% 5% 10% 15%
Rental changes in US$
Rental changes in local currency
0
5
10
15
20
25
30
2H 1H 2H 1H 2H
2018 2019 2020
TOTAL OCCUPANCY COST2H 2018 TO 2H 2020
Source Savills Research & Consultancy* Tokyo cost change datas are not available
KUALA LUMPUR
9
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
TOKYOOSAKATAIPEI
HONG KONGSINGAPORE
MANILABEIJING
SHANGHAIGUANGZHOUSHENZHEN
KUALA LUMPUR
LUXURY APARTMENTS
HONG KONG
109.681.224.34.1
BEIJING
35.235.2INCLUSIVEINCLUSIVE
GUANGZHOU
21.720.90.8INCLUSIVE
SHANGHAI
39.639.6INCLUSIVEINCLUSIVE
TAIPEI
32.528.32.81.5
KUALA LUMPUR
7.97.9INCLUSIVEINCLUSIVE
TOKYO
86.286.2INCLUSIVEINCLUSIVE
OSAKA
32.632.6INCLUSIVEINCLUSIVE
MANILA
21.321.3INCLUSIVEINCLUSIVE
SINGAPORE
37.937.9INCLUSIVEINCLUSIVE
SHENZHEN
29.729.7INCLUSIVEINCLUSIVE
US$ PSM NET PM
0 20 40 60 80 100 120
HONG KONG
TOKYO
SHANGHAI
SINGAPORE
BEIJING
OSAKA
TAIPEI
SHENZHEN
GUANGZHOU
MANILA
KUALA LUMPUR
10savills.com.hk/insight-and-opinion/
Prime Benchmark
COST CHANGESJUL TO DEC 2020
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
US
$ P
SM
NE
T P
M
LUXURY APARTMENTS
BEIJING
TOKYO
SHANGHAI
SINGAPORE
HONG KONG
8.7%8.7%
6.8%2.2%
10.8%2.2%
2.2%-3.0%
2.8%-5.2%
2.4%-2.0%
6.2%1.5%
13.3%4.5%
7.5%-0.8%
-3.0%-6.4%
2.7%-3.3%
HONG KONG
TOKYO
SHANGHAI
SINGAPORE
BEIJING
OSAKA
TAIPEI
SHENZHEN
GUANGZHOU
MANILA
KUALA LUMPUR
-10% -5% 0% 5% 10% 15%
Rental changes in US$
Rental changes in local currency
0
20
40
60
80
100
120
140
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source Savills Research & Consultancy
11
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
SHENZHENHONG KONG
BEIJING
GUANGZHOUSINGAPORESHANGHAI
SHENZHEN
PRIME VILLAS/TOWNHOUSES
HONG KONG
104.788.112.24.4
SHANGHAI
28.128.1INCLUSIVEINCLUSIVE
GUANGZHOU
35.335.3INCLUSIVEINCLUSIVE
SHENZHEN
40.940.9INCLUSIVEINCLUSIVE
BEIJING
26.226.2INCLUSIVEINCLUSIVE
SINGAPORE
31.631.6INCLUSIVEINCLUSIVE
US$ PSM NET PM
0 20 40 60 80 100 120
HONG KONG
SHENZHEN
GUANGZHOU
SINGAPORE
SHANGHAI
BEIJING
12savills.com.hk/insight-and-opinion/
Prime Benchmark
COST CHANGESJUL TO DEC 2020
US
$ P
SM
NE
T P
M
PRIME VILLAS/TOWNHOUSES
BEIJING
HONG KONG
SHANGHAI
SINGAPORE
SHENZHENGUANGZHOU
-2.0%-2.0%
12.3%3.6%
7.4%-0.9%
0.1%-5.0%
6.3%-1.9%
1.0%-6.9%
HONG KONG
SHENZHEN
GUANGZHOU
SINGAPORE
SHANGHAI
BEIJING
-10% -5% 0% 5% 10%
Rental changes in US$
Rental changes in local currency
0
20
40
60
80
100
120
140
160
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
Source Savills Research & Consultancy
13
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PSM NET PM
RENT(US$ PSM NET EFF PM)
MANAGEMENT FEE(US$ PSM NET PM)
GOV’T RATES/TAX(US$ PSM NET PM)
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
GUANGZHOUHANOITAIPEI
TOKYOOSAKA
HONG KONGMANILABEIJING
HO CHI MINH CITY
SINGAPORESEOUL
SHANGHAIKUALA LUMPUR
SHENZHEN
LUXURY SERVICED APARTMENTS
TOKYO
105.6105.6INCLUSIVEINCLUSIVE
SINGAPORE
76.176.1INCLUSIVEINCLUSIVE
HANOI
38.935.4INCLUSIVE3.5
OSAKA
93.393.3INCLUSIVEINCLUSIVE
SHANGHAI
57.857.8INCLUSIVEINCLUSIVE
HO CHI MINH CITY
29.627.0INCLUSIVE2.5
HONG KONG
103.2103.2INCLUSIVEINCLUSIVE
BEIJING
58.858.8INCLUSIVEINCLUSIVE
TAIPEI
34.930.03.41.5
KUALA LUMPUR
9.69.6INCLUSIVEINCLUSIVE
SEOUL
87.779.7INCLUSIVE8.0
SHENZHEN
53.653.6INCLUSIVEINCLUSIVE
MANILA
86.271.75.98.6
GUANGZHOU
39.239.2INCLUSIVEINCLUSIVE
US$ PSM NET PM
0 20 40 60 80 100 120
TOKYO
HONG KONG
OSAKA
SEOUL
MANILA
SINGAPORE
SHANGHAI
BEIJING
SHENZHEN
GUANGZHOU
HANOI
TAIPEI
HO CHI MINH CITY
KUALA LUMPUR
14savills.com.hk/insight-and-opinion/
Prime Benchmark
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
US
$ P
SM
NE
T P
M
LUXURY SERVICED APARTMENTSCOST CHANGESJUL TO DEC 2020
-15% -10% -5% 0% 5% 10% 15%
Rental changes in US$
Rental changes in local currency
TOKYO
HONG KONG
OSAKA
SEOUL
MANILA
SINGAPORE
BEIJING
SHANGHAI
SHENZHEN
GUANGZHOU
HANOI
TAIPEI
HO CHI MINH CITY
KUALA LUMPUR
0.1%-4.3%
-3.7%-3.7%
0.0%0.0%
8.8%-1.3%
-13.8%-16.8%
-3.7%-8.6%
10.1%1.6%
4.3%-3.8%
16.2%7.2%
13.9%5.0%
-2.3%-2.8%
8.6%3.8%
9.0%-0.8%
1.2%-4.8%
0
20
40
60
80
100
120
140
160
180
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
BEIJING
TAIPEI
SHANGHAI
TOKYO
SHENZHEN
SINGAPORE
GUANGZHOU
SEOUL
HONG KONG
Source Savills Research & Consultancy
HANOI
15
Prime Benchmark
MARKET CYCLE
TOTAL OCCUPANCY (TOP 5 AVERAGE COST)
TOTAL COSTUS$ PER ROOM PER NIGHT
LATE UPSWING
EARLY DOWNSWING
LATE DOWNSWING
EARLY UPSWING
TOKYOSINGAPORE
OSAKA
TOKYOSINGAPORE
OSAKATAIPEI
BEIJINGMANILA
GUANGZHOUKUALA LUMPUR
SEOULHONG KONGSHANGHAI
HO CHI MINH CITY
SHENZHENHANOI
HOTELS
TOKYO
651.9
HONG KONG
328.8
SHANGHAI
254.9
OSAKA
437.8
BEIJING
277.6
GUANGZHOU
145.0
HANOI
98.6
SINGAPORE
452.8
TAIPEI
325.6
MANILA
146.8HO CHI MINH CITY
114.4
SEOUL
334.5
SHENZHEN
258.1
KUALA LUMPUR
84.2
US$ PER ROOM PER NIGHT
0 100 200 300 400 500 600 700
TOKYO
SINGAPORE
OSAKA
SEOUL
HONG KONG
TAIPEI
BEIJING
SHENZHEN
SHANGHAI
MANILA
GUANGZHOU
HO CHI MINH CITY
HANOI
KUALA LUMPUR
16savills.com.hk/insight-and-opinion/
Prime Benchmark
TOTAL OCCUPANCY COST1H 2009 TO 2H 2020
US
$ P
ER
RO
OM
PE
R N
IGH
T
HOTELS
BEIJING
HO CHI MINH CITY
SHANGHAI
HANOI
TOKYO
KUALA LUMPUR
HONG KONG
SINGAPORE
COST CHANGESDEC 2020 YOY
-50% -40% -30% -20% -10% 0% 10%
Rental changes in US$
Rental changes in local currency
TOKYO
SINGAPORE
OSAKA
SEOUL
HONG KONG
TAIPEI
BEIJING
SHENZHEN
SHANGHAI
MANILA
GUANGZHOU
HO CHI MINH CITY
HANOI
KUALA LUMPUR
-18.0%-22.2%
-9.3%-10.9%
5.3%0.0%
-9.0%-14.4%
-28.7%-29.1%
0.2%-5.8%
2.3%-4.1%
-13.3%-18.7%
0.9%-5.4%
-51.2%-53.7%
-10.6%-16.2%
-31.4%-31.4%
-44.1%-44.1%
-38.7%-39.6%
0
100
200
300
400
500
600
700
800
900
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source Savills Research & Consultancy
OSAKA
MANILA
SEOUL
17
Savills - IndonesiaPT Savills Consultants Indonesia
Panin Tower – Senayan City, 16th Floor, Unit C
JI. Asia Afrika Lot. 19, Jakarta 10270, Indonesia
Tel: +6221 293 293 80 Fax: +6221 293 293 81
Contact: Kevin Murtagh Email: [email protected]
Savills - JapanSavills Japan Co., Ltd
15/F Yurakucho ITOCiA , 2-7-1 Yurakucho, Chiyoda-ku
Tokyo 100-0006, Japan
Tel: +81 03 6777 5150 Fax: +81 3 6777 5105
Contact: Christian Mancini E-mail: [email protected]
Savills - KoreaSavills Korea Co., Ltd
13/F Seoul Finance Center, 136 Sejong-daero
Jung-gu, Seoul 04520, Korea
Tel: +82 2 2124 4201 Fax: +82 2 2124 4188
Contact: Crystal Lee E-mail: [email protected]
Savills - MalaysiaSavills (Malaysia) Sdn Bhd
Level 9, Menara Milenium, Jalan Damanlela, Bukit Damansara
50490 Kuala Lumpur, Malaysia
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Contact: Datuk Paul Khong
Email: [email protected]
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30 Cecil Street, #20-03 Prudential Tower, Singapore 049712
Tel: +65 6836 6888 Fax: +65 6836 2668
Contact: Marcus Loo E-mail: [email protected]
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21/F Cathay Landmark, No.68, Sec. 5, Zhongxiao E. Road
Xinyi District, Taipei City 110, Taiwan
Tel: +886 2 8789 5828 Fax: +886 2 8789 5929
Contact: Ricky Huang E-mail: [email protected]
Savills - ThailandSavills (Thailand) Limited
26/F Abdulrahim Place, 990 Rama IV Road
Silom, Bangrak, Bangkok 10500, Thailand
Tel: +66 2 636 0300 Fax: +66 2 636 0339
Contact: Robert Collins E-mail: [email protected]
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18/F, Ruby Tower, 81-85 Ham Nghi Street
District 1, Ho Chi Minh City, Vietnam
Tel: +84 28 3823 9205 Fax: +84 28 3823 4571
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E-mail: [email protected]
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Contact: Paul Craig E-mail: [email protected]
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ASIASavills - India
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Savills, the international real estate advisor established in the UK since 1855 with a network of over 650 offices and associates globally.
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contract; interested parties should seek independent professional advice from lawyer, accountant and surveyor and should not rely on the statements or representations herein but must satisfy themselves by inspection or otherwise as to the accuracy,
completeness and correctness of the contents hereto. No warranties or representations whatsoever is given by Savills in respect of the contents hereto. Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this document. This publication may not be reproduced in any form or in any manner, in part or as a whole without written permission of the publisher, Savills. © Savills (Hong Kong)
Limited. 2020
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Contact: Robert McKellar E-mail: [email protected]
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Contact: Christian Mancini E-mail: [email protected]
Contact: Tim Robinson E-mail: [email protected]
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Regional Managing Director, Professional Services, Asia
ASIA PACIFIC EXECUTIVE COMMITTEE
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