News

"Overall average median rents in all market segments expected to stay sideways in 2025"

"Savills Singapore, as the exclusive marketing agent, is pleased to present a unique opportunity to acquire a portfolio of six prime HDB shophouse units located across three key mature estates in Singapore – 190 Toa Payoh Lorong 6, 702 & 705 Ang Mo Kio Avenue 8, and Tanjong Pagar Plaza. "

"For Immediate Release – Savills’ latest Prime Office Costs report saw London’s West End retaining its position as the world’s most expensive prime office destination in Q1/2025, with net effective occupancy costs (rent plus fit-out costs) averaging US$299.39 per sq ft (psf) per annum. Hong Kong followed closely at US$228.05 psf, while New York (Midtown) ranked third at US$206.67 psf. Despite economic headwinds, all three cities continued to command the highest costs globally, driven by sustained demand for prime office space and tight supply."

"For Immediate Release – The latest Savills Global Luxury Retail 2025 report shares that global luxury retail continues to weather economic headwinds, with core markets reporting strong rental growth in 2024. Across the 21 destinations tracked, over 75% reported annual increases or a hold in prime headline rents year-on-year (YoY)."

"The Board of Savills today announces that Mark Ridley will retire as Group Chief Executive at the end of 2025 after a 29 year career at Savills, seven of them as Group Chief Executive, as well as 41 years in the industry. Mark will be succeeded by Simon Shaw, currently Group Chief Financial Officer of Savills, effective 1 January 2026."

"Overall Office Rents Rose Slightly In Q1/2025 With Rents Of Grade Aaa Offices Seeing Greatest Increase Us Tariffs Unlikely To Affect Cbd Grade A Rents In Next Two Quarters – Projection Remains Flat For 2025"

"SINGAPORE, 25 April 2025– Savills Singapore, as the exclusive sole marketing agent, is pleased to offer for sale 22 Keong Saik Road — a prized freehold conservation shophouse strategically located in the heart of Singapore’s most vibrant and historically rich neighbourhood under the Bukit Pasoh Conservation Area."

"Industrial & Hospitality Assets Show Promise In The Coming Quarters"

"Savills Singapore shared that High Park Residences in District 28 (Seletar/Seng Kang West), Botanique At Bartley, Forest Woods in District 19 (Hougang/Punggol/Serangoon), Artra in District 3 (Queenstown/Alexandra/Redhill) and The Clement Canopy in District 5 (Buona Vista/Dover/Pasir Panjang/West Coast)* saw the highest price appreciation between 50%-60% over the past decade."

"Savills Singapore, as the exclusive sole marketing agent, is pleased to offer for sale a portfolio of two freehold strata-titled shophouses – 6B Keong Saik Road and 290G Joo Chiat Road. "