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SurveyPrime Benchmark 1 July 2017

Savills World Research

Asia Pacifi c

savills.com.hk/research

SURVEY | PRIME BENCHMARK

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 700 offi ces and associates throughout the Americas, Europe, Asia Pacifi c, Africa and the Middle East.

In Asia Pacifi c, Savills has 66 regional offi ces comprising over 25,000 staff. Asia Pacifi c markets include Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, Myanmar, New Zealand, Taiwan, Thailand, Singapore and Viet Nam,

with associate offi ces in Cambodia and the Philippines. 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 30 June 2017, USD/RMB = 6.7744; USD/HKD = 7.8060; USD/NTD = 30.265; USD/JPY = 112.015; USD/KRW = 1,139.6; USD/SGD = 1.3773; USD/MYR = 4.2940; USD/VND = 22,800; USD/AUD = 0.7692; USD/PHP = 50.466; USD/IDR = 13,319

savills.com.hk/research 03

1 July 2017

19Aus

tra

lia & New Zealand

Offices

47Asia

Offices

Savills Asia Pacific NetworkAustralia

AdelaideBrisbaneCanberraDouble Bay Gold CoastGordonLindfieldMelbourneNotting HillParramattaPerthRosevilleSt IvesSunshine CoastSydneyTurramurra

CambodiaPhnom Penh

ChinaBeijingChengduChongqingDalianGuangzhouHangzhouNanjing

QingdaoShanghaiShenyangShenzhenTianjinXiamenXi’anZhuhai

Hong KongCentralTaikoo ShingTsim Sha Tsui

IndiaBangaloreMumbai

IndonesiaJakarta

JapanTokyo

MacauMacau

MalaysiaJohor Bahru

Kuala LumpurPenang

New ZealandAucklandChristchurch

PhilippinesMakati CityBonifacio Global City

SingaporeSingapore

South KoreaSeoul

TaiwanTaichungTaipei

ThailandBangkokPattaya

VietnamDa NangHanoiHo Chi Minh City

EMPLOYEES

25,386

OFFICES

66

COUNTRIES

16

04

OFFICES 1 July 2017

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

271.9 143.3 110.7 93.0 88.0242.9 I 16.9 I 12.1 133.4 I inclusive I 9.8 103.5 I 7.2 I Inclusive 70.3 I 22.7 I Inclusive 88.0 I Inclusive I Inclusive

SHANGHAI OSAKA SHENZHEN TAIPEI SYDNEY

87.9 75.8 70.4 64.9 64.378.8 I 9.1 I Inclusive 70.2 I Inclusive I 5.6 65.0 I 5.5 I Inclusive 57.7 I 4.3 I 2.9 61.4 I 0.6 I 2.3

HO CHI MINH CITY GUANGZHOU MELBOURNE JAKARTA HANOI

52.2 49.9 45.1 40.2 38.841.5 I 6.5 I 4.2 43.6 I 6.3 I Inclusive 40.4 I 0.8 I 3.8 29.0 I 7.5 I 3.7 35.2 I Inclusive I 3.6

MANILA KUALA LUMPUR

32.6 25.126.8 I 4.0 I 1.9 25.1 I Inclusive I Inclusive

HONG KONG

TOKYO

OSAKA

TAIPEI

HO CHI MINH CITY

GUANGZHOU

BEIJING

SHANGHAI

KUALA LUMPUR

SEOUL

JAKARTA

SINGAPORE

HANOI

SYDNEY

MELBOURNE

MANILA

SHENZHEN

0 50 100 150 200 250 300

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SHENZHEN

TAIPEI

SYDNEY

HO CHI MINH CITY

GUANGZHOU

MELBOURNE

JAKARTA

HANOI

MANILA

KUALA LUMPUR

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SHENZHEN

TAIPEI

SYDNEY

HO CHI MINH CITY

GUANGZHOU

MELBOURNE

JAKARTA

HANOI

MANILA

KUALA LUMPUR


1 July 2017OFFICES

KongBeijing Shanghai Taipei Tokyo SydneySingaporeSeoulHongKong

COST CHANGES

JAN-JUN 2017

Rental changes in US$

Rental changes in local currency

3.5%

4.5%

2.1%

6.9%

3.5%

4.8%

6.1%

1.2%

6.8%

2.9%

-0.4%

2.6%

2.6%

-4.6%

-0.4%

0.0%

4.8%

4.2%

0.0%

-0.4%

0.8%

-1.5%

2.2%

1.6%

-0.5%

0.3%

0.4%

-0.4%

0.2%

0.0%

-5.4%

-0.4%

1.3%

1.0%

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

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SHENZHEN

TAIPEI

SYDNEY

HO CHI MINH CITY

GUANGZHOU

MELBOURNE

JAKARTA

HANOI

MANILA

KUALA LUMPUR

TOTAL OCCUPANCY COST

2H/2007-1H/2017


HONG KONG (HKD)

TOKYO (JPY)

BEIJING (CNY)

SEOUL (KRW)

SINGAPORE (SGD)

SHANGHAI (CNY)

OSAKA (JPY)

SHENZHEN (CNY)

TAIPEI (TWD)

SYDNEY (AUD)

HO CHI MINH CITY (VND)

GUANGZHOU (CNY)

MELBOURNE (AUD)

JAKARTA (IDR)

HANOI (VND)

MANILA (PHP)

KUALA LUMPUR (MYR)

0

50

100

150

200

250

300

US$

per s

qm p

er m

th n

et

06

RETAIL MALLS 1 July 2017


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

1,242.2 525.0 449.4 367.9 340.81,153.1 I 31.4 I 57.7 486.1 I inclusive I 38.9 449.4 I Inclusive I Inclusive 355.5 I 12.5 I Inclusive 327.7 I 13.1 I Inclusive

SYDNEY TAIPEI MELBOURNE GUANGZHOU SHENZHEN

264.8 250.8 222.1 211.2 192.8264.8 I Inclusive I Inclusive 227.3 I 12.2 I 11.4 216.0 I 1.7 I 4.4 202.5 I 8.7 I Inclusive 186.0 I 6.8 I Inclusive

OSAKA SEOUL KUALA LUMPUR JAKARTA HO CHI MINH CITY

189.6 164.4 161.5 126.4 113.7175.5 I Inclusive I 14.0 147.0 I 17.4 I Inclusive 161.5 I Inclusive I Inclusive 101.0 I 13.9 I 11.5 95.4 I 8.8 I 9.5

HANOI MANILA

80.7 46.073.4 I Inclusive I 7.3 38.0 I 5.3 I 2.7

TOKYO

BEIJING

SHANGHAI

SYDNEY

OSAKA

GUANGZHOU

HANOI

SHENZHEN

KUALA LUMPUR

SINGAPORE

TAIPEI

SEOUL

HO CHI MINH CITY

HONG KONG

MELBOURNE

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

MELBOURNE

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

JAKARTA

HO CHI MINH CITY

HANOI

MANILA

HONG KONG

TOKYO#

SINGAPORE

BEIJING

SHANGHAI

SYDNEY

TAIPEI

MELBOURNE

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

JAKARTA

HO CHI MINH CITY

HANOI

MANILA


1 July 2017RETAIL MALLS

0

200

400

600

800

1,000

1,200

1,400

US$

per s

qm p

er m

th n

et

COST CHANGES

JAN-JUN 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.



0.1%

12.6%

-9.3%

3.0%

3.6%

4.5%

6.9%

2.6%

4.7%

3.4%

13.2%

10.5%

0.0%

2.2%

-1.6%

0.0%

-1.3%

0.8%

7.8%

-13.7%

0.5%

1.1%

2.0%

0.3%

0.0%

2.2%

1.6%

8.3%

4.3%

-3.6%

1.3%

-1.6%

0.0%

0.0%

-20% -10% 0% 10% 20%

HONG KONG

TOKYO#

SINGAPORE

BEIJING

SHANGHAI

SYDNEY

TAIPEI

MELBOURNE

GUANGZHOU

SHENZHEN

OSAKA

SEOUL

KUALA LUMPUR

JAKARTA

HO CHI MINH CITY

HANOI

MANILA

HONG KONG (HKD)

TOKYO# (JPY)

SINGAPORE (SGD)

BEIJING (CNY)

SHANGHAI (CNY)

SYDNEY (AUD)

TAIPEI (TWD)

MELBOURNE (AUD)

GUANGZHOU (CNY)

SHENZHEN (CNY)

OSAKA (JPY)

SEOUL (KRW)

KUALA LUMPUR (MYR)

JAKARTA (IDR)


HANOI (VND)

MANILA (PHP)

Beijing Shanghai Taipei Tokyo SydneySingaporeSeoulHongKong

2H/2007-1H/2017

08

LUXURY APARTMENTS 1 July 2017


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

SYDNEY

MANILA

SEOUL

BEIJING

GUANGZHOU

TAIPEI

KUALA LUMPUR

SINGAPORE

SHANGHAI

HONG KONG

SHENZHEN




HONG KONG TOKYO SEOUL* SHANGHAI SINGAPORE

91.8 75.8 55.9 39.2 38.579.1 I 8.7 I 4.0 75.8 I Inclusive I Inclusive 55.9 I Inclusive I Inclusive 39.2 I Inclusive I Inclusive 38.5 I Inclusive I Inclusive

BEIJING TAIPEI OSAKA SYDNEY SHENZHEN

33.3 32.8 30.1 25.1 24.333.3 I Inclusive I Inclusive 28.8 I 2.6 I 1.4 30.1 I Inclusive I Inclusive 25.1 I Inclusive I Inclusive 24.3 I Inclusive I Inclusive

GUANGZHOU MANILA KUALA LUMPUR

24.2 20.9 8.423.4 I 0.8 I Inclusive 20.9 I Inclusive I Inclusive 8.4 I Inclusive I Inclusive

0 20 40 60 80 100

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SYDNEY

SHENZHEN

GUANGZHOU

MANILA

KUALA LUMPUR

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SYDNEY

SHENZHEN

GUANGZHOU

MANILA

KUALA LUMPUR


1 July 2017LUXURY APARTMENTS

0

20

40

60

80

100

120

140

US$

per s

qm p

er m

th n

et

COST CHANGES

JAN-JUN 2017


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



2.1%

5.2%

6.1%

6.6%

1.7%

3.6%

4.8%

5.3%

2.5%

0.6%

2.2%

0.7%

0.3%

2.8%

0.7%

0.1%

3.9%

-3.2%

1.0%

-1.7%

0.8%

0.0%

-1.2%

-0.2%

2.0%

-3.3%

-6% -4% -2% 0% 2% 4% 6% 8% 10%

HONG KONG

TOKYO

SEOUL*

SHANGHAI

SINGAPORE

BEIJING

TAIPEI

OSAKA

SYDNEY

SHENZHEN

GUANGZHOU

MANILA

KUALA LUMPUR

HONG KONG (HKD)

TOKYO (JPY)

SEOUL* (KRW)

SHANGHAI (CNY)

SINGAPORE (SGD)

BEIJING (CNY)

TAIPEI (TWD)

OSAKA (JPY)

SYDNEY (AUD)

SHENZHEN (CNY)

GUANGZHOU (CNY)

MANILA (PHP)

KUALA LUMPUR (MYR)

2H/2007-1H/2017

Beijing Shanghai Tokyo SingaporeSeoulHongKong

010

VILLAS/TOWNHOUSES 1 July 2017


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING


MARKET CYCLE


CITY


SYDNEYGUANGZHOU

BEIJING

SINGAPORE

SHENZHEN

HONG KONG

SHANGHAI




HONG KONG SYDNEY SHENZHEN GUANGZHOU

99.2 55.7 36.5 32.884.7 I 10.3 I 4.2 55.7 I Inclusive I Inclusive 36.5 I Inclusive I Inclusive 32.8 I Inclusive I Inclusive

SINGAPORE SHANGHAI BEIJING

30.7 30.0 24.230.7 I Inclusive I Inclusive 30.0 I Inclusive I Inclusive 24.2 I Inclusive I Inclusive

0 20 40 60 80 100

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING


1 July 2017VILLAS/TOWNHOUSES

COST CHANGES

JAN-JUN 2017

REAL GDP GROWTH FORECASTS

2017-2018

Source: FocusEconomics



-2.9%

2.5%

-4.2%

3.8%

5.1%

3.5%

5.5%

-2.3%

0.0%

-5.9%

1.2%

0.1%

0.9%

2.9%

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

HONG KONG

SYDNEY

SHENZHEN

GUANGZHOU

SINGAPORE

SHANGHAI

BEIJING

HONG KONG (HKD)

SYDNEY (AUD)

SHENZHEN (CNY)

GUANGZHOU (CNY)

SINGAPORE (SGD)

SHANGHAI (CNY)

BEIJING (CNY)

2017

2018

0% 2% 4% 6% 8%

China

Hong Kong

Taiwan

Japan

Korea

Singapore

Malaysia

Philippines

Indonesia

Vietnam

AustraliaAUSTRALIA

VIETNAM

INDONESIA

PHILIPPINES

MALAYSIA

SINGAPORE

KOREA

JAPAN

TAIWAN

HONG KONG

CHINA


012

LUXURY SERVICED APARTMENTS 1 July 2017


LATE

UPSWING

EARLY

DOWNSWING

LATE

DOWNSWING

EARLY

UPSWING


MARKET CYCLE


CITY


TOKYO

MANILA

OSAKA

SEOUL

SHENZHEN

BEIJING

GUANGZHOU

TAIPEI

SINGAPORE

HO CHI MINH CITY

HANOI

HONG KONG

KUALA LUMPUR

SHANGHAI




HONG KONG SEOUL TOKYO SINGAPORE OSAKA

115.4 103.9 102.0 94.0 86.3115.4 I Inclusive I Inclusive 94.5 I Inclusive I 9.4 102.0 I Inclusive I Inclusive 94.0 I Inclusive I Inclusive 86.3 I Inclusive I Inclusive

MANILA SHANGHAI SHENZHEN BEIJING GUANGZHOU

84.0 57.9 57.5 51.2 43.384.0 I Inclusive I Inclusive 57.9 I Inclusive I Inclusive 57.5 I Inclusive I Inclusive 51.2 I Inclusive I Inclusive 43.3 I Inclusive I Inclusive

HANOI TAIPEI HO CHI MINH CITY KUALA LUMPUR

41.3 36.9 31.8 10.637.5 I Inclusive I 3.8 32.4 I 3.2 I 1.3 28.9 I Inclusive I 2.9 10.6 I Inclusive I Inclusive

0 20 40 60 80 100 120 140

HONG KONG

SEOUL

TOKYO

SINGAPORE

OSAKA

MANILA

SHANGHAI

SHENZHEN

BEIJING

GUANGZHOU

HANOI

TAIPEI

HO CHI MINH CITY

KUALA LUMPUR

HONG KONG

SEOUL

TOKYO

SINGAPORE

OSAKA

MANILA

SHANGHAI

SHENZHEN

BEIJING

GUANGZHOU

HANOI

TAIPEI

HO CHI MINH CITY

KUALA LUMPUR


1 July 2017LUXURY SERVICED APARTMENTS

0% 2% 4% 6% 8%

China

Hong Kong

Taiwan

Japan

Korea

Singapore

Malaysia

Philippines

Indonesia

Vietnam

Australia

COST CHANGES

JAN-JUN 2017

INFLATION FORECASTS

2017-2018



5.1%

11.4%

5.5%

-0.2%

4.1%

4.5%

8.5%

9.8%

2.5%

0.9%

-3.5%

3.9%

-0.1%

0.8%

5.8%

5.0%

1.0%

-5.0%

-0.3%

5.8%

5.9%

7.9%

0.0%

-1.4%

-3.5%

-2.4%

-0.1%

-2.8%

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

Hong Kong

Seoul

Tokyo

Singapore

Osaka

Manila

Shanghai

Shenzhen

Beijing

Guangzhou

Hanoi

Taipei

Ho Chi Minh City

Kuala Lumpur

HONG KONG (HKD)

SEOUL (KRW)

TOKYO (JPY)

SINGAPORE (SGD)

OSAKA (JPY)

MANILA (PHP)

SHANGHAI (CNY)

SHENZHEN (CNY)

BEIJING (CNY)

GUANGZHOU (CNY)

HANOI (VND)

TAIPEI (TWD)


KUALA LUMPUR (MYR)

2017

2018

AUSTRALIA

VIETNAM

INDONESIA

PHILIPPINES

MALAYSIA

SINGAPORE

KOREA

JAPAN

TAIWAN

HONG KONG

CHINA



014

HOTELS 1 July 2017


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

TOKYO SYDNEY HONG KONG SINGAPORE OSAKA

626.7 602.8 464.1 454.3 421.4

SEOUL TAIPEI MANILA SHANGHAI BEIJING

345.1 325.0 300.9 300.0 279.0

SHENZHEN HANOI GUANGZHOU HO CHI MINH CITY KUALA LUMPUR

270.7 175.9 172.3 143.6 130.1

TOKYO

SYDNEY

MANILA

SHENZHEN

OSAKA

SEOUL

BEIJING

TAIPEI

HONG KONG

HO CHI MINH CITY

SHANGHAI

GUANGZHOU

HANOI

KUALA LUMPUR

SINGAPORE

0 100 200 300 400 500 600 700

TOKYO

SYDNEY

HONG KONG

SINGAPORE

OSAKA

SEOUL

TAIPEI

MANILA

SHANGHAI

BEIJING

SHENZHEN

HANOI

GUANGZHOU

HO CHI MINH CITY

KUALA LUMPUR

TOKYO

SYDNEY

HONG KONG

SINGAPORE

OSAKA

SEOUL

TAIPEI

MANILA

SHANGHAI

BEIJING

SHENZHEN

HANOI

GUANGZHOU

HO CHI MINH CITY

KUALA LUMPUR


1 July 2017HOTELS

COST CHANGES

Jun 2017 YoY

CURRENT ACCOUNT FORECASTS (US$ BILLION)

2017-2018



-7.3%

0.8%

-1.7%

9.3%

-5.6%

1.4%

-1.9%

1.3%

-1.3%

-2.1%

-16.9%

44.2%

2.8%

-15.0%

0.6%

1.2%

0.4%

-1.1%

11.6%

3.0%

0.3%

-8.0%

8.9%

0.8%

0.0%

-15.1%

50.3%

5.0%

0.0%

7.4%

-40% -20% 0% 20% 40% 60%

HONG KONG

TOKYO

BEIJING

SEOUL

SINGAPORE

SHANGHAI

OSAKA

SHENZHEN

TAIPEI

SYDNEY

HO CHI MINH CITY

GUANGZHOU

MELBOURNE

JAKARTA

HANOI

TOKYO (JPY)

SYDNEY (AUD)

HONG KONG (HKD)

SINGAPORE (SGD)

OSAKA (JPY)

SEOUL (KRW)

TAIPEI (TWD)

MANILA (PHP)

SHANGHAI (CNY)

BEIJING (CNY)

SHENZHEN (CNY)

HANOI (VND)

GUANGZHOU (CNY)


KUALA LUMPUR (MYR)

-150 -100 -50 0 50 100 150 200 250

CHINA

HONG KONG

TAIWAN

JAPAN

KOREA

SINGAPORE

MALAYSIA

PHILIPPINES

INDONESIA

VIETNAM

AUSTRALIA2017

2018

AUSTRALIA

VIETNAM

INDONESIA

PHILIPPINES

MALAYSIA

SINGAPORE

KOREA

JAPAN

TAIWAN

HONG KONG

CHINA



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

Savills, the international real estate advisor established in the UK since 1855 with a network of over 700 offices and associates 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

Contact: Franco Liu E-mail: [email protected]

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, Qingdao, 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: K.D. Jeon 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 - Bangalore31/16 Loyola Layout, Victoria Road, Bangalore 560047 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. 2017 (IX/17)

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

Executive Chairman, Asia PacificContact: Robert McKellar E-mail: [email protected]

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

CEO, Asia Pacific (Ex Greater China)Contact: Christian Mancini E-mail: [email protected]

COO & CFO, Asia PacificContact: Tim Robinson E-mail: [email protected]

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

ASIA PACIFIC EXECUTIVE COMMITTEE

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