prime benchmark 01 2018 - pdf.savills.asiapdf.savills.asia/.../2018-prime-benchmark-jan.pdf ·...

SurveyPrime Benchmark 1 January 2018

Savills World Research

Asia Pacifi c

savills.com.hk/research

SURVEY | PRIME BENCHMARK

3

5

6

Aus

tr

Savills Asia Pacific NetworkAustralia

China

Hong Kong

India

IndonesiaJakarta

JapanTokyo

MacauMacau

MalaysiaJohor BahruKuala LumpurPenang

New ZealandAucklandChristchurch

SingaporeSingapore (3)

South KoreaSeoul

TaiwanTaichungTaipei

ThailandBangkok

VietnamDa nangHanoiHo Chi Minh City

AdelaideBrisbaneCanberraGold CoastGordonLindfieldMelbourneNotting HillParramattaPerthRosevilleSt IvesSunshine CoastSydneyTurramurra

XiamenXi’anZhuhai

BeijingChengduChongqing DalianGuangzhou HangzhouNanjingShanghai ShenyangShenzhenTianjinWuhan

Central (2)Taikoo Shing (2)Tsim Sha Tsui

BangaloreMumbaiGurgaon

17Aus

tra

lia & New Zealand

Of s

39Asia

Of s

savills.com.hk/research 03

1 January 2018

An introduction to Savills

savillsasia pacific services

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 56 regional offi ces comprising over 25,000 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, offering a premium service to organisations and individuals with whom we share a common goal. Savills is synonymous with a high-quality service offering and a premium brand, taking a long-term view of real estate and investing in strategic relationships.

Asset Management

Facilities Management

Hotels

Industrial Services

International Residential

Investment & Sales

Occupier Services

Offi ce Services

Project Management

Property Management

Research & Consultancy

Residential Services

Retail Services

Serviced Apartment Services

Valuation & ProfessionalServices

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 different cities.

Assumptions:1) 1 sq m = 10.7639 sq ft/0.3025 ping/0.3025 tsubo2) As of 31 December 2017, RMB/USD = 6.5259; USD/HKD = 7.8114; USD/TWD = 29.81; USD/JPY = 112.01; USD/KRW = 1,071.4; USD/SGD = 1.3363; USD/MYR = 4.0620; USD/VND = 22,800; AUD/USD = 0.80; USD/PHP = 49.92; USD/IDR = 13,548

04

OFFICES 1 January 2018

Survey | Prime Benchmark

LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING

Source: Savills Research & Consultancy

MARKET CYCLE

TOTAL OCCUPANCY COST (TOP 5 AVERAGE)US$ psm net pm

CITY

TOTAL COSTUS$ psm net pmRENT(US$ psm net eff. pm)

MANAGEMENT FEE(US$ psm net pm)

GOV’T RATES/TAX(US$ psm net pm)

HONG KONG TOKYO BEIJING SEOUL SINGAPORE

278.6 145.0 115.3 100.4 96.1248.8 I 17.3 I 12.4 135.0 I inclusive I 10.0 107.5 I 7.8 I Inclusive 76.2 I 24.3 I Inclusive 96.1 I Inclusive I Inclusive

SHANGHAI OSAKA SYDNEY SHENZHEN TAIPEI

91.5 79.9 79.1 74.2 66.782.0 I 9.5 I Inclusive 74.0 I Inclusive I 5.9 76.0 I 0.7 I 2.4 67.7 I 6.5 I Inclusive 59.3 I 4.4 I 3.0

GUANGZHOU HO CHI MINH CITY JAKARTA HANOI MANILA

52.5 52.4 39.9 38.3 33.445.9 I 6.6 I Inclusive 41.7 I 6.5 I 4.2 28.9 I 7.4 I 3.6 34.8 I Inclusive I 3.5 27.4 I 4.0 I 1.9

KUALA LUMPUR

26.526.5 I Inclusive I Inclusive

HONG KONG

SYDNEY

TOKYO

OSAKA

TAIPEI

BEIJING

SHANGHAI

KUALA LUMPUR

SEOUL

JAKARTA

SINGAPORE

MANILA

SHENZHEN

GUANGZHOU

HANOI

HO CHI MINH CITY

0 50 100 150 200 250 300

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SYDNEY

SHENZHEN

TAIPEI

GUANGZHOU

HO CHI MINH CITY

JAKARTA

HANOI

MANILA

KUALA LUMPUR

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SYDNEY

SHENZHEN

TAIPEI

GUANGZHOU

HO CHI MINH CITY

JAKARTA

HANOI

MANILA

KUALA LUMPUR


1 January 2018OFFICES

KongBeijing Shanghai Taipei Tokyo SydneySingaporeSeoulHongKong

2.4%

2.5%

1.2%

1.2%

4.2%

0.3%

8.0%

1.5%

9.2%

6.0%

4.1%

0.3%

5.4%

5.4%

11.0%

6.7%

5.3%

1.4%

2.7%

1.1%

5.0%

1.2%

0.4%

0.4%

-0.7%

-0.5%

-1.4%

-1.4%

2.4%

1.3%

5.7%

0.0%

COST CHANGES

JUL-DEC 2017

Rental changes in US$

Rental changes in local currency

TOTAL OCCUPANCY COST

2H/2007-2H/2017


0

50

100

150

200

250

300

US$

per s

qm p

er m

th n

et

-10% -5% 0% 5% 10% 15% 20%

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SYDNEY

SHENZHEN

TAIPEI

GUANGZHOU

HO CHI MINH CITY

JAKARTA

HANOI

MANILA

KUALA LUMPUR

HONG KONG (HKD)

TOKYO (JPY)

BEIJING (CNY)

SEOUL (KRW)

SINGAPORE (SGD)

SHANGHAI (CNY)

OSAKA (JPY)

SYDNEY (AUD)

SHENZHEN (CNY)

TAIPEI (TWD)

GUANGZHOU (CNY)

HO CHI MINH CITY (VND)

JAKARTA (IDR)

HANOI (VND)

MANILA (PHP)

KUALA LUMPUR (MYR)

06

RETAIL MALLS 1 January 2018


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING

Source: Savills Research & Consultancy# As prime retail mall rental fi gures are not available for Tokyo, average prime high street retail rents are used instead.

MARKET CYCLE


CITY

TOTAL COSTUS$ psm net pm

HONG KONG TOKYO# SINGAPORE BEIJING SHANGHAI

1,241.3 525.0 467.2 374.9 362.11,152.3 I 31.4 I 57.6 486.1 I inclusive I 38.9 467.2 I Inclusive I Inclusive 361.9 I 12.9 I Inclusive 348.5 I 13.6 I Inclusive

SYDNEY TAIPEI GUANGZHOU SHENZHEN OSAKA

275.5 253.0 232.1 210.4 196.9275.5 I Inclusive I Inclusive 229.1 I 12.4 I 11.5 223.1 I 9.0 I Inclusive 195.5 I 14.9 I Inclusive 182.3 I inclusive I 14.6

SEOUL KUALA LUMPUR HANOI JAKARTA HO CHI MINH CITY

176.7 170.7 134.2 122.2 114.2160.0 I 16.7 I Inclusive 170.7 I Inclusive I Inclusive 122.0 I Inclusive I 12.2 97.4 I 13.7 I 11.1 95.6 I 9.0 I 9.6

MANILA

47.639.3 I 5.4 I 3.0

TOKYO

BEIJING

SHANGHAI

SYDNEY

OSAKA

SHENZHEN

KUALA LUMPUR

HONG KONG

TAIPEI

HANOI

SEOUL

HO CHI MINH CITY

SINGAPORE

GUANGZHOU

JAKARTA

MANILA

RENT(US$ psm net eff. pm)



0 200 400 600 800 1,000 1,200 1,400

HONG KONG

#TOKYO

SINGAPORE

BEIJING

SHANGHAI

SYDNEY

TAIPEI

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

HANOI

JAKARTA

HO CHI MINH CITY

MANILA

HONG KONG

TOKYO#

SINGAPORE

BEIJING

SHANGHAI

SYDNEY

TAIPEI

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

HANOI

JAKARTA

HO CHI MINH CITY

MANILA


1 January 2018RETAIL MALLS

-0.1%

0.0%

0.0%

0.0%

4.0%

0.9%

1.9%

-1.8%

6.2%

2.3%

4.0%

0.0%

0.8%

-0.7%

9.9%

5.9%

9.1%

5.1%

3.9%

3.8%

7.5%

1.0%

5.7%

0.0%

-1.6%

-1.6%

-3.3%

-1.6%

0.4%

0.4%

3.5%

2.4%

0

200

400

600

800

1,000

1,200

1,400

US$

per s

qm p

er m

th n

et

COST CHANGES

JUL-DEC 2017


Source: Savills Research & Consultancy# As prime retail mall rental fi gures are not available for Tokyo, average prime high street retail rents are used instead.



-10% -5% 0% 5% 10% 15%

HONG KONG

#TOKYO

SINGAPORE

BEIJING

SHANGHAI

SYDNEY

TAIPEI

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

HANOI

JAKARTA

HO CHI MINH CITY

MANILA

HONG KONG (HKD)

TOKYO (JPY)

SINGAPORE (SGD)

BEIJING (CNY)

SHANGHAI (CNY)

SYDNEY (AUD)

TAIPEI (TWD)

GUANGZHOU (CNY)

SHENZHEN (CNY)

OSAKA (JPY)

SEOUL (KRW)

KUALA LUMPUR (MYR)

HANOI (VND)

JAKARA (IDR)


MANILA (PHP)

Beijing Shanghai Taipei Tokyo SydneySingaporeSeoulHongKong

2H/2007-2H/2017

08

LUXURY APARTMENTS 1 January 2018


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING

Source: Savills Research & Consultancy* Seoul’s rent = (Security deposit x Interest rate) / 12 + Monthly payment

MARKET CYCLE


CITY


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING

TOKYO

OSAKA

SEOUL

SYDNEY

MANILA

GUANGZHOU

SHENZHEN

BEIJING

SINGAPORE

KUALA LUMPUR

TAIPEI

HONG KONG

SHANGHAI




HONG KONG TOKYO SEOUL* SHANGHAI SINGAPORE

95.8 74.2 60.9 40.9 39.583.0 I 8.6 I 4.2 74.2 I Inclusive I Inclusive 60.9 I Inclusive I Inclusive 40.9 I Inclusive I Inclusive 39.5 I Inclusive I Inclusive

BEIJING TAIPEI OSAKA SHENZHEN SYDNEY

35.1 32.9 31.0 28.8 26.235.1 I Inclusive I Inclusive 28.8 I 2.6 I 1.4 31.0 I Inclusive I Inclusive 28.8 I Inclusive I Inclusive 26.2 I Inclusive I Inclusive

GUANGZHOU MANILA KUALA LUMPUR

23.1 21.6 9.022.3 I 0.8 I Inclusive 21.6 I Inclusive I Inclusive 9.0 I Inclusive I Inclusive

0 20 40 60 80 100

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SHENZHEN

SYDNEY

GUANGZHOU

MANILA

KUALA LUMPUR

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SHENZHEN

SYDNEY

GUANGZHOU

MANILA

KUALA LUMPUR


1 January 2018LUXURY APARTMENTS

4.6%

4.6%

-2.1%

-2.1%

9.0%

2.4%

4.3%

0.5%

2.4%

-0.6%

5.5%

1.7%

0.2%

-1.3%

2.9%

2.9%

18.3%

14.0%

4.0%

0.0%

-4.5%

-8.0%

3.4%

2.2%

7.5%

1.7%

0

20

40

60

80

100

120

140

US$

per s

qm p

er m

th n

et

COST CHANGES

JUL-DEC 2017


Source: Savills Research & Consultancy* Seoul’s rent = (Security deposit x Interest rate) / 12 + Monthly payment



-10% -5% 0% 5% 10% 15% 20% 25%

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SHENZHEN

SYDNEY

GUANGZHOU

MANILA

KUALA LUMPUR

HONG KONG (HKD)

TOKYO (JPY)

SEOUL* (KRW)

SHANGHAI (CNY)

SINGAPORE (SGD)

BEIJING (CNY)

TAIPEI (TWD)

OSAKA (JPY)

SHENZHEN (CNY)

SYDNEY (AUD)

GUANGZHOU (CNY)

MANILA (PHP)

KUALA LUMPUR (MYR)

2H/2007-2H/2017

Beijing Shanghai Tokyo SingaporeSeoulHongKong

010

VILLAS/TOWNHOUSES 1 January 2018


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING


MARKET CYCLE


CITY


GUANGZHOU

SYDNEYBEIJING

SHENZHEN

SINGAPORE

HONG KONG

SHANGHAI




HONG KONG SYDNEY SHENZHEN GUANGZHOU

101.6 58.0 37.6 34.186.6 I 10.6 I 4.3 58.0 I Inclusive I Inclusive 37.6 I Inclusive I Inclusive 34.1 I Inclusive I Inclusive

SINGAPORE SHANGHAI BEIJING

31.6 31.1 25.631.6 I Inclusive I Inclusive 31.1 I Inclusive I Inclusive 25.6 I Inclusive I Inclusive

0 20 40 60 80 100 120

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING


1 January 2018VILLAS/TOWNHOUSES

2.4%

2.5%

4.0%

0.0%

3.0%

-0.8%

4.0%

0.2%

3.1%

0.0%

4.8%

0.9%

5.8%

1.9%

COST CHANGES

JUL-DEC 2017


2H/2007-2H/2017




-10% -5% 0% 5% 10% 15%

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING

HONG KONG (HKD)

SYDNEY (AUD)

SHENZHEN (CNY)

GUANGZHOU (CNY)

SINGAPORE (SGD)

SHANGHAI (CNY)

BEIJING (CNY)


0

20

40

60

80

100

120

140

160

US$

per s

qm p

er m

th n

et

Beijing Shanghai SingaporeHongKong

012

LUXURY SERVICED APARTMENTS 1 January 2018


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING


MARKET CYCLE


CITY


TOKYO

MANILA

SYDNEY

OSAKA

SEOUL

BEIJING

GUANGZHOU

TAIPEI

HO CHI MINH CITY

HANOI

SINGAPORE

KUALA LUMPUR

SHANGHAI

HONG KONG

SHENZHEN




SYDNEY HONG KONG SEOUL TOKYO SINGAPORE

184.9 126.0 104.0 103.9 95.2175.2 I Inclusive I 9.7 126.0 I Inclusive I Inclusive 94.8 I Inclusive I 9.2 103.9 I Inclusive I Inclusive 95.2 I Inclusive I Inclusive

OSAKA MANILA SHENZHEN SHANGHAI BEIJING

87.6 86.0 61.5 60.1 54.687.6 I Inclusive I Inclusive 86.0 I Inclusive I Inclusive 61.5 I Inclusive I Inclusive 60.1 I Inclusive I Inclusive 54.6 I Inclusive I Inclusive

GUANGZHOU HANOI TAIPEI HO CHI MINH CITY KUALA LUMPUR

44.9 38.9 36.6 29.2 10.944.9 I Inclusive I Inclusive 35.4 I Inclusive I 3.5 32.1 I 3.2 I 1.3 26.5 I Inclusive I 2.7 10.9 I Inclusive I Inclusive

0 20 40 60 80 100 120 140 160 180 200

SYDNEY

HONG KONG

SEOUL

TOKYO

SINGAPORE

OSAKA

MANILA

SHENZHEN

SHANGHAI

BEIJING

GUANGZHOU

HANOI

TAIPEI

HO CHI MINH CITY

KUALA LUMPUR

SYDNEY

HONG KONG

SEOUL

TOKYO

SINGAPORE

OSAKA

MANILA

SHENZHEN

SHANGHAI

BEIJING

GUANGZHOU

HANOI

TAIPEI

HO CHI MINH CITY

KUALA LUMPUR


1 January 2018LUXURY SERVICED APARTMENTS

4.0%

0.0%

9.1%

9.2%

0.0%

-5.9%

1.9%

1.8%

1.3%

-1.7%

1.5%

1.5%

2.4%

1.3%

7.0%

3.1%

3.8%

0.0%

6.6%

2.7%

3.7%

-0.1%

-5.7%

-5.7%

-0.7%

-2.2%

-8.4%

-8.4%

2.7%

-2.8%

COST CHANGES

JUL-DEC 2017


2H/2007-2H/2017



-10% -5% 0% 5% 10% 15%

SYDNEY

HONG KONG

SEOUL

TOKYO

SINGAPORE

OSAKA

MANILA

SHENZHEN

SHANGHAI

BEIJING

GUANGZHOU

HANOI

TAIPEI

HO CHI MINH CITY

KUALA LUMPUR

SYDNEY (AUD)

HONG KONG (HKD)

SEOUL (KRW)

TOKYO (JPY)

SINGAPORE (SGD)

OSAKA (JPY)

MANILA (PHP)

SHENZHEN (CNY)

SHANGHAI (CNY)

BEIJING (CNY)

GUANGZHOU (CNY)

HANOI (VND)

TAIPEI (TWD)


KUALA LUMPUR (MYR)



0

20

40

60

80

100

120

140

160

180

US$

per s

qm p

er m

th n

et


014

HOTELS 1 January 2018


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING


MARKET CYCLE

TOTAL OCCUPANCY COST (TOP 5 AVERAGE)US$ per room per night

CITY

ROOM RATEUS$ per room per night

SYDNEY TOKYO HONG KONG SINGAPORE OSAKA

627.2 624.9 502.2 478.4 419.1

SEOUL TAIPEI SHENZHEN MANILA SHANGHAI

375.6 342.9 324.2 298.6 291.0

BEIJING GUANGZHOU HANOI HO CHI MINH CITY KUALA LUMPUR

289.6 212.2 167.0 155.3 139.5

TOKYO

SYDNEY

OSAKA

MANILA

KUALA LUMPUR

SHANGHAI

SEOUL

TAIPEI

BEIJING

HANOI

HONG KONG

HO CHI MINH CITY

SINGAPORE

SHENZHEN

GUANGZHOU

0 100 200 300 400 500 600 700

SYDNEY

TOKYO

HONG KONG

SINGAPORE

OSAKA

SEOUL

TAIPEI

SHENZHEN

MANILA

SHANGHAI

BEIJING

GUANGZHOU

HANOI

HO CHI MINH CITY

KUALA LUMPUR

SYDNEY

TOKYO

HONG KONG

SINGAPORE

OSAKA

SEOUL

TAIPEI

SHENZHEN

MANILA

SHANGHAI

BEIJING

GUANGZHOU

HANOI

HO CHI MINH CITY

KUALA LUMPUR


1 January 2018HOTELS

7.1%

0.4%

5.4%

0.9%

15.2%

16.0%

14.6%

5.8%

5.9%

1.4%

17.9%

4.5%

12.9%

4.4%

18.0%

11.7%

1.4%

1.6%

2.6%

-3.6%

5.7%

0.0%

26.1%

19.4%

27.5%

27.5%

-6.4%

-6.4%

24.4%

13.5%

COST CHANGES

DEC 2017 YoY


2H/2007-2H/2017



-10% -5% 0% 5% 10% 15% 20% 25% 30% 35%

SYDNEY

TOKYO

HONG KONG

SINGAPORE

OSAKA

SEOUL

TAIPEI

SHENZHEN

MANILA

SHANGHAI

BEIJING

GUANGZHOU

HANOI

HO CHI MINH CITY

KUALA LUMPUR

SYDNEY (AUD)

TOKYO (JPY)

HONG KONG (HKD)

SINGAPORE (SGD)

OSAKA (JPY)

SEOUL (KRW)

TAIPEI (TWD)

SHENZHEN (CNY)

MANILA (PHP)

SHANGHAI (CNY)

BEIJING (CNY)

GUANGZHOU (CNY)

HANOI (VND)


KUALA LUMPUR (MYR)



0

100

200

300

400

500

600

700

800

900

US$

per r

oom

per

nig

ht


AUSTRALIASavills - SydneySavills (Aust) Pty Ltd.

Level 25, 1 Farrer Place, Sydney, Australia NSW 2000

Tel: (61) 2 8215 8830 Fax: (61) 2 8215 8899

Contact: Simon Fenn E-mail: [email protected]

Savills - MelbourneLevel 48, 80 Collins Street, Melbourne VIC 3000

Tel: (61) 3 8686 8000 Fax: (61) 3 8686 8088

Contact: Stuart Fox E-mail: [email protected]

Offices in Adelaide, Brisbane, Canberra, Gold Coast, Notting

Hill, Parramatta, Perth and Sunshine Coast

NEW ZEALANDSavills - New ZealandLevel 6, 41 Shortland Street, Auckland NZ 1010

Tel: (64) 9 951 5911

Contact: Paddy Callesen E-mail: [email protected]

Offices in Auckland and Christchurch

THE AMERICASSavills – New YorkSavills Studley, 399 Park Avenue, 11th Floor,

New York, NY 10022

Tel: (1) 212 326 8610 Fax: (1) 212 326 1034

Contact: Mitchell Steir

E-mail: [email protected]

Offices across Canada, the Caribbean, Colombia, Mexico

and the United States

UNITED KINGDOM, EUROPE,THE MIDDLE EAST AND AFRICASavills - EuropeSavills, 33 Margaret Street, London W1G 0JD

Tel: (44) 207 499 8644 Fax: (44) 207 495 3773

Contact: Mark Ridley E-mail: [email protected]

Offices across Austria, Bahrain, Belgium, Czech Republic,

Denmark, Finland, France, Germany, Greece, Guernsey,

Hungary, Ireland, Italy, Jersey, Luxembourg, Monaco,

Netherlands, Norway, Poland, Portugal, Qatar, Russia,

South Africa, Spain, Sweden, Switzerland, UAE and the

United Kingdom

s globally.

ASIA PACIFIC HEADQUARTERS23/F Two Exchange Square, Central, Hong Kong

Tel: (852) 2842 4400 Fax: (852) 2868 4386

HONG KONG SAR Savills (Hong Kong) Limited23/F Two Exchange Square, Central, Hong Kong

Tel: (852) 2842 4534 Fax: (852) 3007 2458

Contact: Raymond Lee E-mail: [email protected]

EA Co. Licence: C-002450

Savills Valuation and Professional Services Limited23/F Two Exchange Square, Central, Hong Kong

Tel: (852) 2840 4806 Fax: (852) 3007 4523

Contact: Charles Chan E-mail: [email protected]


Savills Property Management Holdings Limited805-13 Cityplaza One, 1111 King’s Road, Taikoo Shing,

Hong Kong

Tel: (852) 2534 1688 Fax: (852) 2508 1883

Contact: Johnnie Chan E-mail: [email protected]


Savills Guardian (Holdings) Limited7/F Cityplaza One, 1111 King’s Road, Taikoo Shing,

Hong Kong

Tel: (852) 2512 1838 Fax: (852) 2887 3698

Contact: Peter Ho E-mail: [email protected]


MACAU SARSavills - Macau Savills (Macau) Limited

Suite 1309-10, 13/F Macau Landmark,

555 Avenida da Amizade, Macau

Tel: (853) 8506 6288 Fax: (853) 2878 1805

CHINA Savills - Shanghai25/F Two ICC, 288 South Shaanxi Road,

Shanghai 200031, China

Tel: (86) 21 6391 6688 Fax: (86) 21 6391 6699

Contact: Siu Wing Chu


Savills - Beijing2101 East Tower, Twin Towers, B-12 Jianguomenwai

Avenue, Chaoyang District, Beijing 100022, China

Tel: (86) 10 5925 2288 Fax: (86) 10 5925 2299

Contact: Billy Chau E-mail: [email protected]

Offices in Chengdu, Chongqing, Dalian, Guangzhou, Hangzhou, Nanjing, Shenyang, Shenzhen, Tianjin, Xiamen, Xi’an and Zhuhai

ASIASavills - IndonesiaPT Savills Consultants Indonesia

Panin Tower – Senayan City, 16th Floor, Unit C

JI. Asia Afrika Lot. 19, Jakarta 10270, Indonesia

Tel: +62 (21) 293 293 80 Fax: +62 (21) 293 293 81

Contact: Craig Williams 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

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

Tel:+603 2092 5955

Contact: Christopher Boyd

Email: [email protected]

Savills - SingaporeSavills (Singapore) Pte Ltd.

30 Cecil Street, #20-03 Prudential Tower, Singapore 049712

Tel: (65) 6836 6888 Fax: (65) 6836 2668

Contact: Christopher Marriott E-mail: [email protected]

Savills - TaiwanSavills (Taiwan) Limited

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: Cynthia Chu E-mail: [email protected]

Office in Taichung

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]

Savills - Vietnam Savills Vietnam Ltd. Co.

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

Contact: Neil MacGregor


Offices in Danang, Hanoi and Ho Chi Minh City

INDIASavills - BangaloreWeWork EGL,

4th Floor, Cinnabar Hills, Embassy Golf Links,

Intermediate Ring Road, Domlur, Bangalore 560017 India

Tel: (91) 95351 29604

Contact: Bryan Kidd Email : [email protected]

Offices in Gurgaon and Mumbai

This document is prepared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change without prior notice and these particulars do not constitute, nor constitute part of, an offer or 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. 2018 (III/18)

CEO, Greater ChinaContact: Raymond Lee E-mail: [email protected]

Contact: Robert McKellar E-mail: [email protected]

CEO, South East AsiaContact: Christopher Marriott E-mail: [email protected]

Contact: Christian Mancini E-mail: [email protected]

Contact: Tim Robinson E-mail: [email protected]

CEO, Australia & New ZealandContact: Paul Craig E-mail: [email protected]

ASIA PACIFIC EXECUTIVE COMMITTEE

Upd

UUaddted: 5

Marchrr

18

prime benchmark 01 2018 - pdf.savills.asiapdf.savills.asia/.../2018-prime-benchmark-jan.pdf ·...

Documents