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
savills.com.hk/research 05
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
Source: Savills Research & Consultancy
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
Survey | Prime Benchmark
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
TOTAL OCCUPANCY COST (TOP 5 AVERAGE)US$ psm net pm
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)
MANAGEMENT FEE(US$ psm net pm)
GOV’T RATES/TAX(US$ psm net 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
savills.com.hk/research 07
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
TOTAL OCCUPANCY COST
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.
Rental changes in US$
Rental changes in local currency
-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)
HO CHI MINH CITY (VND)
MANILA (PHP)
Beijing Shanghai Taipei Tokyo SydneySingaporeSeoulHongKong
2H/2007-2H/2017
08
LUXURY APARTMENTS 1 January 2018
Survey | Prime Benchmark
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
TOTAL OCCUPANCY COST (TOP 10 AVERAGE)US$ psm net pm
CITY
TOTAL COSTUS$ psm net pm
LATE
UPSWING
EARLY
DOWNSWING
LATE
DOWNSWING
EARLY
UPSWING
TOKYO
OSAKA
SEOUL
SYDNEY
MANILA
GUANGZHOU
SHENZHEN
BEIJING
SINGAPORE
KUALA LUMPUR
TAIPEI
HONG KONG
SHANGHAI
RENT(US$ psm net eff. pm)
MANAGEMENT FEE(US$ psm net pm)
GOV’T RATES/TAX(US$ psm net pm)
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
savills.com.hk/research 09
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
TOTAL OCCUPANCY COST
Source: Savills Research & Consultancy* Seoul’s rent = (Security deposit x Interest rate) / 12 + Monthly payment
Rental changes in US$
Rental changes in local currency
-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
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 pm
GUANGZHOU
SYDNEYBEIJING
SHENZHEN
SINGAPORE
HONG KONG
SHANGHAI
RENT(US$ psm net eff. pm)
MANAGEMENT FEE(US$ psm net pm)
GOV’T RATES/TAX(US$ psm net pm)
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
savills.com.hk/research 011
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
TOTAL OCCUPANCY COST
2H/2007-2H/2017
Source: Savills Research & Consultancy
Rental changes in US$
Rental changes in local currency
-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)
Source: Savills Research & Consultancy
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
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 pm
TOKYO
MANILA
SYDNEY
OSAKA
SEOUL
BEIJING
GUANGZHOU
TAIPEI
HO CHI MINH CITY
HANOI
SINGAPORE
KUALA LUMPUR
SHANGHAI
HONG KONG
SHENZHEN
RENT(US$ psm net eff. pm)
MANAGEMENT FEE(US$ psm net pm)
GOV’T RATES/TAX(US$ psm net pm)
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
savills.com.hk/research 013
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
TOTAL OCCUPANCY COST
2H/2007-2H/2017
Rental changes in US$
Rental changes in local currency
-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)
HO CHI MINH CITY (VND)
KUALA LUMPUR (MYR)
Source: Savills Research & Consultancy
Source: Savills Research & Consultancy
0
20
40
60
80
100
120
140
160
180
US$
per s
qm p
er m
th n
et
Beijing Shanghai Tokyo SingaporeSeoulHongKong
014
HOTELS 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$ 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
savills.com.hk/research 015
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
TOTAL OCCUPANCY COST
2H/2007-2H/2017
Rental changes in US$
Rental changes in local currency
-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)
HO CHI MINH CITY (VND)
KUALA LUMPUR (MYR)
Source: Savills Research & Consultancy
Source: Savills Research & Consultancy
0
100
200
300
400
500
600
700
800
900
US$
per r
oom
per
nig
ht
Beijing Shanghai Tokyo SingaporeSeoulHongKong
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]
EA Co. Licence: C-023750
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]
EA Co. Licence: C-002993
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]
EA Co. Licence: C-004089
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
E-mail: [email protected]
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
E-mail: [email protected]
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
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