- The document is a survey report from Savills, a global real estate services company, on prime property benchmarks across Asia Pacific markets.
- It provides data on prime office, retail, residential, and hotel market rental rates and costs in 17 cities in the region. The data is presented in tables and graphs with 6-month comparisons.
- Savills operates out of over 600 offices worldwide including 56 in Asia Pacific, providing services such as consulting, property management, leasing, and valuations.
Het 'Consultancy Salarisonderzoek', ook bekend als het 'Consulting HR Market Report’, geeft uitgebreid inzicht in de arbeidsvoorwaarden binnen de Nederlandse consultancybranche. Het onderzoek is gehouden onder 700+ consultants.
The BGSA Supply Chain Index tracks a basket of publicly-traded companies in transportation, logistics, and the supply chain arena. This presentation shows performance as of August 1, 2019.
The Expat Explorer league table ranks each country or territory based on a score that summarizes expats’ overall views of that destination. The Expat Explorer score is the average of the Economics, Experience and Family scores, covering 27 key questions from the survey.
2014 was an interesting year for the SaaS segment. In the public markets, a correction earlier in the year could not be wholly offset by a welcome Q4 rally (the Results International Global SaaS Index tracked up 8% in the last 3 months but nonetheless ended the year 3% down over the 12 month period; with the small cap group down by 30%).
Median valuations in the space rose along with share prices during Q4 with the segment ending the year trading at 6.5x revenue. Meanwhile, investor appetite for growing SaaS businesses in Europe and North America remains very strong and the M&A environment is favourable for those companies offering differentiated products with a strong recurring revenue base.
Het 'Consultancy Salarisonderzoek', ook bekend als het 'Consulting HR Market Report’, geeft uitgebreid inzicht in de arbeidsvoorwaarden binnen de Nederlandse consultancybranche. Het onderzoek is gehouden onder 700+ consultants.
The BGSA Supply Chain Index tracks a basket of publicly-traded companies in transportation, logistics, and the supply chain arena. This presentation shows performance as of August 1, 2019.
The Expat Explorer league table ranks each country or territory based on a score that summarizes expats’ overall views of that destination. The Expat Explorer score is the average of the Economics, Experience and Family scores, covering 27 key questions from the survey.
2014 was an interesting year for the SaaS segment. In the public markets, a correction earlier in the year could not be wholly offset by a welcome Q4 rally (the Results International Global SaaS Index tracked up 8% in the last 3 months but nonetheless ended the year 3% down over the 12 month period; with the small cap group down by 30%).
Median valuations in the space rose along with share prices during Q4 with the segment ending the year trading at 6.5x revenue. Meanwhile, investor appetite for growing SaaS businesses in Europe and North America remains very strong and the M&A environment is favourable for those companies offering differentiated products with a strong recurring revenue base.
tidycf: Turning cashflows on their sides to turn analysis on its headEmily Riederer
Presentation from rstudio::conf 2018 describing work developing an internal R package for cash flow analysis and for spearheading the adoption of open science / reproducible research principles at Capital One
Robert Koven Leonis Partners 4th Quarter 2017 IT Services AnalysisRobert Koven
LEONIS CREDENTIALS & SERVICES
▪ Leonis solely focuses on providing M&A and Growth Capital advisory services to both high-growth and well- established technology and technology services companies
▪ Leonis core areas of focus include:
▪ Sell-side M&A: represent companies looking to be acquired by a strategic or go through a fulsome liquidity event with a financial sponsor
▪ Capital Raises:
• Majority Equity Raises: Recapitalizations from private equity & growth equity firms who understand the sector and will be able to partner with management to inject capital and provide expertise to maximize the company’s growth
• Minority Equity Raises: Equity investments from private equity and strategic partners who bring capital and market expertise to bear
▪ Retained Advisory Services: strategic guidance to assist management in maximizing firm value ahead of a potential liquidity event, as well as manage inbound offers and solicitations
FIRM OVERVIEW
▪ Bankers with over 50 years of combined experience in bulge bracket Wall Street firms and Middle Market
▪ Team has executed over 105 M&A, restructuring and capital raising deals with cumulative transaction values over $170 billion
▪ Team executed eight deals in the last twelve months with an 85% close rate
▪ Deep knowledge of strategic and financial buyers with a proprietary database of more than 4,200 private equity investors and 1,800 strategic acquirers
▪ Team with experience advising, operating and investing in businesses within the firm’s core areas provides an unbiased view of how “the other side” will look at a deal
Why Lean Efforts fail - looking at cultural reasons why Lean dosen't work and...Ankit Patel
Video located at http://youtu.be/Cs18sO-PrOw
A 39 minute video on cultural reasons why Lean doesn't work at some companies and works well at other companies. It's true weather you are doing Lean in manufacturing, healthcare, start-ups, or any other industry it still applies. You'll also get 3 tools to help you diagnose and help you implement change properly.
Presented at the RETG event in Auckland on the 7th April 2017. David Faulkner explains why focusing on business retention in today's economic climate is equally as important as focusing on business development. Also, why too many unregulated Property Managers are causing us to have a race to the bottom.
Nominations for 2016 Philippines Property Awards UnderwayKMC Savills, Inc.
Come April 7, 2016, the shape of the real estate industry in the Philippines and how has dramatically changed, will hog the spotlight when the Philippines Property Awards announce a plethora of big winners in the fourth consecutive year that Ensign Media organized the event. KMC MAG Group's Michael McCullough will be one of the judges at this year's event.
tidycf: Turning cashflows on their sides to turn analysis on its headEmily Riederer
Presentation from rstudio::conf 2018 describing work developing an internal R package for cash flow analysis and for spearheading the adoption of open science / reproducible research principles at Capital One
Robert Koven Leonis Partners 4th Quarter 2017 IT Services AnalysisRobert Koven
LEONIS CREDENTIALS & SERVICES
▪ Leonis solely focuses on providing M&A and Growth Capital advisory services to both high-growth and well- established technology and technology services companies
▪ Leonis core areas of focus include:
▪ Sell-side M&A: represent companies looking to be acquired by a strategic or go through a fulsome liquidity event with a financial sponsor
▪ Capital Raises:
• Majority Equity Raises: Recapitalizations from private equity & growth equity firms who understand the sector and will be able to partner with management to inject capital and provide expertise to maximize the company’s growth
• Minority Equity Raises: Equity investments from private equity and strategic partners who bring capital and market expertise to bear
▪ Retained Advisory Services: strategic guidance to assist management in maximizing firm value ahead of a potential liquidity event, as well as manage inbound offers and solicitations
FIRM OVERVIEW
▪ Bankers with over 50 years of combined experience in bulge bracket Wall Street firms and Middle Market
▪ Team has executed over 105 M&A, restructuring and capital raising deals with cumulative transaction values over $170 billion
▪ Team executed eight deals in the last twelve months with an 85% close rate
▪ Deep knowledge of strategic and financial buyers with a proprietary database of more than 4,200 private equity investors and 1,800 strategic acquirers
▪ Team with experience advising, operating and investing in businesses within the firm’s core areas provides an unbiased view of how “the other side” will look at a deal
Why Lean Efforts fail - looking at cultural reasons why Lean dosen't work and...Ankit Patel
Video located at http://youtu.be/Cs18sO-PrOw
A 39 minute video on cultural reasons why Lean doesn't work at some companies and works well at other companies. It's true weather you are doing Lean in manufacturing, healthcare, start-ups, or any other industry it still applies. You'll also get 3 tools to help you diagnose and help you implement change properly.
Presented at the RETG event in Auckland on the 7th April 2017. David Faulkner explains why focusing on business retention in today's economic climate is equally as important as focusing on business development. Also, why too many unregulated Property Managers are causing us to have a race to the bottom.
Nominations for 2016 Philippines Property Awards UnderwayKMC Savills, Inc.
Come April 7, 2016, the shape of the real estate industry in the Philippines and how has dramatically changed, will hog the spotlight when the Philippines Property Awards announce a plethora of big winners in the fourth consecutive year that Ensign Media organized the event. KMC MAG Group's Michael McCullough will be one of the judges at this year's event.
KMC MAG Group and its international associate, Savills, releases its bi-annual Asian Cities Report for Manila Office. The report, which covers the second half of 2015, features key market updates on the local office sector.
KMC in the News | Infra woes to bug Manila, Cebu property boom?KMC Savills, Inc.
The Philippine real estate industry continues to grow in strength, and remains an attractive option for investors, but poor infrastructure and connectivity could pose problems in future. Read more via The Standard
The Cebu office market is attractive investors as projects in the area continue to be rolled out but the lack of infrastructure development and poor connectivity remain obstacles to its growth, real estate services provider KMC Mag Group said.
The Cebu office market is attractive investors as projects in the area continue to be rolled out but the lack of infrastructure development and poor connectivity remain obstacles to its growth, real estate services provider KMC Mag Group said.
Property Deals soar to P23.3B in the second quarterKMC Savills, Inc.
The real estate industry continued to be robust, registering a record quarterly volume of transaction of P23.23 billion ($505 million) in the second quarter driven by large-scale land deals.
Promoting a culture of excellence in real-estate developmentKMC Savills, Inc.
Appreciation for effort is the key to the development of the real estate so that excellence may be achieved. Thank you, Ms. Amor Maclang, @businessmirror, for your continuous support to the Philippine real estate market.
The AAP Tower is a 10-storey mid-rise building situated along Aurora Boulevard in Quezon City. This mixed use building has available office and retail spaces for lease. For inquiries, email us at landlordrep@kmcmaggroup.com
According to Expat newspaper, as Cebu continues to make waves and compete in the BPO industry, more challenges also started to arise that requires close attention and preventive measures.
KMC Managing Director Michael McCullough presented the upcoming opportunities, strategies and possible solutions to overcome these challenges during the 1st Property Summit Cebu last July 17, 2015.
Unleashing the Power of Data_ Choosing a Trusted Analytics Platform.pdfEnterprise Wired
In this guide, we'll explore the key considerations and features to look for when choosing a Trusted analytics platform that meets your organization's needs and delivers actionable intelligence you can trust.
The Building Blocks of QuestDB, a Time Series Databasejavier ramirez
Talk Delivered at Valencia Codes Meetup 2024-06.
Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds.
It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
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A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
Learn SQL from basic queries to Advance queriesmanishkhaire30
Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
Analysis insight about a Flyball dog competition team's performanceroli9797
Insight of my analysis about a Flyball dog competition team's last year performance. Find more: https://github.com/rolandnagy-ds/flyball_race_analysis/tree/main
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
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2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
2. Survey | Prime Benchmark
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 offices
and associates throughout the
Americas, Europe, Asia Pacific, Africa
and the Middle East.
In Asia Pacific, Savills has 56 regional
offices comprising over 22,000
staff. Asia Pacific markets include
Australia, China, Hong Kong, Japan,
Korea, Macau, New Zealand, Taiwan,
Thailand, Singapore and Viet Nam,
with associate offices in Malaysia
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 flair
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 defined 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.
An introduction to Savills
Source: Savills Research & Consultancy
7
2
2
4
Savills
Asia Pacific Network
4
3
2
2
13Offices
Aust
ralia & New
Zealand
43Offices
Asia
Australia
Adelaide
Brisbane
Canberra
Gold Coast
Melbourne
Notting Hill
Parramatta
Perth
Sunshine Coast
Sydney
China
Beijing
Chengdu
Chongqing
Dalian
Guangzhou
Hangzhou
Nanjing
Qingdao
Shanghai
Shenyang
Shenzhen
Tianjin
Xiamen
Zhuhai
Hong Kong
Exchange Square (2)
Discovery Bay
Taikoo Shing (2)
Kowloon Tong
Kowloon
India
Bangalore
Indonesia
Jakarta
New Zealand
Auckland (2)
Christchurch
Japan
Tokyo
Macao
Macao
Malaysia
Johor Bahru
Kuala Lumpur
Penang
Myanmar
Yangon
Philippines
Makati City
Bonifacio Global City
Singapore
Singapore (4)
Taiwan
Taichung
Taipei (3)
Thailand
Bangkok
Vietnam
Hanoi
Ho Chi Minh City
South Korea
Seoul
3. savills.com.hk/research 03
1 July 2015
Prime offices (top 5)
Prime retail malls (top 5)
Luxury apartments (top 10)
GRAPH 1
Source: Savills Research & Consultancy
Beijing
Singapore
Shanghai
Guangzhou
Jakarta
Early upswing
Seoul
Ho Chi Minh City
Hanoi
Early downswing Late downswingLate upswing
Hong Kong
Tokyo
Osaka
Melbourne
Manila
Shenzhen
Taipei
Sydney
Kuala Lumpur
Singapore
Guangzhou
Sydney
Early upswing
Seoul
Hanoi
Early downswing Late downswingLate upswing
Tokyo
Melbourne
Osaka
Jakarta
Ho Chi Minh City
Manila
Hong Kong
Beijing
Shenzhen
Shanghai
Taipei
Kuala Lumpur
TABLE 1
Source: Savills Research & Consultancy
Hong Kong Tokyo Beijing Singapore Shanghai Seoul Shenzhen Osaka Taipei Sydney Guangzhou HCMC Jakarta Hanoi Melbourne Manila Kuala Lumpur
Rent
(US$ psm net eff. pm)
187.9 119.3 116.7 114.6 81.9 67.9 69.6 61.9 55.7 52.7 45.3 40.1 37.6 35.6 34.9 25.9 28.2
Management fee
(US$ psm net pm)
16.0 Inclusive 8.0 Inclusive 9.7 22.2 6.2 Inclusive 4.2 0.6 7.0 6.4 7.1 Inclusive 0.8 4.6 Inclusive
Gov't rates/tax
(US$ psm net pm)
9.4 8.8 Inclusive Inclusive Inclusive Inclusive Inclusive 4.9 2.8 2.3 Inclusive 4.0 4.5 3.6 3.2 1.8 Inclusive
Total 213.3 128.1 124.7 114.6 91.6 90.1 75.8 66.8 62.6 55.6 52.2 50.6 49.2 39.2 38.9 32.3 28.2
GRAPH 2
Source: Savills Research & Consultancy
0
50
100
150
200
250
US$persqmpermthnet
GRAPH 3
Source: Savills Research & Consultancy
GRAPH 4
Source: Savills Research & Consultancy
0
200
400
600
800
1,000
1,200
US$persqmpermthnet
TABLE 2
Source: Savills Research & Consultancy
#
As prime retail mall rental figures are not available for Tokyo, average prime high street retail rents are used instead.
Hong Kong Singapore Tokyo#
Guangzhou Beijing Shenzhen Shanghai Taipei Sydney Melbourne Seoul Kuala Lumpur Osaka Jakarta HCMC Hanoi Manila
Rent
(US$ psm net eff. pm)
1,061.9 551.2 371.2 373.8 372.9 344.7 339.8 227.0 204.8 180.5 146.1 155.0 129.9 95.0 100.8 65.6 40.3
Management fee
(US$ psm net pm)
30.2 Inclusive Inclusive 17.2 13.6 13.4 14.5 11.9 Inclusive 1.7 16.6 Inclusive Inclusive 12.8 7.0 Inclusive 6.1
Gov't rates/tax
(US$ psm net pm)
53.1 Inclusive 29.7 Inclusive Inclusive Inclusive Inclusive 11.4 Inclusive 4.4 Inclusive Inclusive 10.4 10.8 10.1 6.6 2.8
Total 1,145.2 551.2 400.9 391.0 386.5 358.1 354.3 250.3 204.8 186.5 162.7 155.0 140.3 118.6 117.9 72.2 49.2
GRAPH 5
Source: Savills Research & Consultancy
Singapore
Shanghai
Beijing
Early upswing
Taipei
Shenzhen
Kuala Lumpur
Early downswing Late downswingLate upswing
Hong Kong
Tokyo
Seoul
Osaka
Guangzhou
Sydney
Manila
GRAPH 6
Source: Savills Research & Consultancy
0
20
40
60
80
100
US$persqmpermthnet
TABLE 3
Hong Kong Tokyo Seoul* Singapore Shanghai Beijing Taipei Osaka Guangzhou Sydney Shenzhen Manila Kuala Lumpur
Rent
(US$ psm net eff. pm)
77.9 74.6 47.6 42.6 41.5 35.0 30.1 32.5 26.8 24.9 23.9 21.5 11.0
Management fee
(US$ psm net pm)
8.4 Inclusive Inclusive Inclusive Inclusive Inclusive 2.5 Inclusive 0.9 Inclusive Inclusive Inclusive Inclusive
Gov't rates/tax
(US$ psm net pm)
3.9 Inclusive Inclusive Inclusive Inclusive Inclusive 1.5 Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Total 90.2 74.6 47.6 42.6 41.5 35.0 34.1 32.5 27.6 24.9 23.9 21.5 11.0
Source: Savills Research & Consultancy
* Seoul’s rent = (Security deposit × Interest rate) / 12 + Monthly payment
4. 04
Survey | Prime Benchmark
Prime villas/townhouses (top 5)
Luxury serviced apartments (top 5)
Prime hotels (top 5)
Assumptions:
1) 1 sq m = 10.7639 sq ft/0.3025 ping/0.3025 tsubo
2) As of 30 June 2015, RMB/USD = 6.11; HKD/USD = 7.75; NTD/USD = 31.1; JPY/USD = 122.3; KRW/USD = 1,116; SGD/USD = 1.35; MYR/USD = 3.79; VND/USD = 21,673; AUD/USD = 1.30
GRAPH 7
Source: Savills Research & Consultancy
Shanghai
Singapore
Beijing
Early upswing
Taipei
Shenzhen
Kuala Lumpur
Early downswing Late downswingLate upswing
Hong KongSydney
Shenzhen
Guangzhou
GRAPH 8
Source: Savills Research & Consultancy
0
20
40
60
80
100
120
US$persqmpermthnet
TABLE 4
Source: Savills Research & Consultancy
Hong Kong Sydney Shenzhen Guangzhou Shanghai Singapore Beijing
Rent
(US$ psm net eff. pm)
91.6 55.7 41.0 36.3 33.0 32.6 27.1
Management fee
(US$ psm net pm)
10.9 Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Gov't rates/tax
(US$ psm net pm)
4.6 Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Total 107.1 55.7 41.0 36.3 33.0 32.6 27.1
GRAPH 9
Source: Savills Research & Consultancy
Early upswing
Guangzhou
Taipei
Early downswing Late downswingLate upswing
Hong Kong
Tokyo
Manila
Osaka
Shanghai
Shenzhen
Hanoi
Kuala Lumpur Seoul
Singapore
Beijing
Ho Chi Minh City
GRAPH 10
Source: Savills Research & Consultancy
0
20
40
60
80
100
120
140
US$persqmpermthnet
TABLE 5
Source: Savills Research & Consultancy
Hong Kong Seoul Singapore Tokyo Manila Osaka Shanghai Shenzhen Beijing Guangzhou Taipei Hanoi HCMC Kuala Lumpur
Rent
(US$ psm net eff. pm)
122.6 100.2 106.8 92.7 84.0 76.9 58.5 55.6 54.9 51.0 38.2 37.7 28.2 13.2
Management fee
(US$ psm net pm)
Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive 3.1 Inclusive Inclusive Inclusive
Gov't rates/tax
(US$ psm net pm)
Inclusive 11.1 Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive 1.5 3.8 2.8 Inclusive
Total 122.6 111.4 106.8 92.7 84.0 76.9 58.5 55.6 54.9 51.0 42.8 41.5 31.0 13.2
GRAPH 11
Source: Savills Research & Consultancy
Hong Kong
Seoul
Shenzhen
Beijing
Ho Chi Minh City
Kuala Lumpur
Early upswing
Guangzhou
Taipei
Early downswing Late downswingLate upswing
Melbourne
Tokyo
Singapore
Osaka
Manila
Sydney
Taipei
Shanghai
Guangzhou
Hanoi
GRAPH 12
Source: Savills Research & Consultancy
0
100
200
300
400
500
600
US$perroompernight
TABLE 6
Source: Savills Research & Consultancy
Sydney Melbourne Tokyo Hong Kong Singapore Seoul Osaka Taipei Shenzhen Shanghai Beijing Manila Guangzhou HCMC Kuala Lumpur Hanoi
Room rate
(US$ per room per night)
586.9 569.2 538.7 467.8 439.8 370.2 364.0 335.9 335.0 322.2 309.1 278.8 184.0 174.1 139.9 120.0
5. savills.com.hk/research 05
1 July 2015
Cost changes - prime offices, Jan–Jun 2015
Costchanges-primeretailmalls,Jan–Jun2015
Costchanges-luxuryapartments,Jan–Jun2015
TABLE 7
Source: Savills Research & Consultancy
GRAPH 15
Source: Savills Research & Consultancy
-15% -10% -5% 0% 5% 10% 15%
Hong Kong
Singapore
Tokyo
Guangzhou
Beijing
Shenzhen
Shanghai
Taipei
Sydney
Melbourne
Seoul
Kuala Lumpur
Osaka
Jakarta
Ho Chi Minh City
Hanoi
Manila
Rental changes in US$ Rental change in local curency
GRAPH 16
Source: Savills Research & Consultancy
0
200
400
600
800
1,000
1,200
Beijing Shanghai Hong Kong Taipei Tokyo Seoul Singapore Sydney
US$persqmpermthnet
TABLE 8
GRAPH 17
Source: Savills Research & Consultancy
-25% -20% -15% -10% -5% 0% 5% 10% 15%
Hong Kong
Tokyo
Seoul
Singapore
Shanghai
Beijing
Taipei
Osaka
Guangzhou
Sydney
Shenzhen
Manila
Kuala Lumpur
Rental changes in US$ Rental change in local curency
GRAPH 18
Source: Savills Research & Consultancy
0
20
40
60
80
100
120
140
Beijing Shanghai Hong Kong Tokyo Seoul Singapore
US$persqmpermthnet
Prime office costs, 2H/2007–1H/2015
GRAPH 13
Source: Savills Research & Consultancy
-20% -15% -10% -5% 0% 5% 10% 15%
Hong Kong
Tokyo
Beijing
Singapore
Shanghai
Seoul
Shenzhen
Osaka
Taipei
Sydney
Guangzhou
Ho Chi Minh City
Jakarta
Hanoi
Melbourne
Manila
Kuala Lumpur
Rental changes in US$ Rental change in local curency
GRAPH 14
Source: Savills Research & Consultancy
0
50
100
150
200
250
300
Beijing Shanghai Hong Kong Taipei Tokyo Seoul Singapore Sydney
US$persqmpermthnet
Prime retail mall costs, 2H/2007–1H/2015
Luxury apartment costs, 2H/2007–1H/2015
TABLE 9
Source: Savills Research & Consultancy
#
As prime retail mall rental figures are not available for Tokyo, average prime high street retail rents are used instead.
Source: Savills Research & Consultancy
* Seoul’s rent = (Security deposit × Interest rate) / 12 + Monthly payment
Due to declined interest rate, the deposit conversion rate has been lowered in the market. Thus -22.3% is not indicative of market circumstances.
Rental changes
from 1 Jan 2015
Hong Kong Tokyo Beijing Singapore Shanghai Seoul Shenzhen Osaka Taipei Sydney Guangzhou HCMC Jakarta Hanoi Melbourne Manila Kuala Lumpur
In US dollars 4.0% 3.1% 1.7% -10.0% 3.0% -3.3% 1.6% -2.0% 2.4% -12.8% 1.4% -1.6% -5.0% -9.6% -11.2% 0.9% -8.6%
In local currency 3.9% 5.2% 1.6% -8.2% 2.9% 0.0% 1.5% 0.0% 0.3% 0.0% 1.3% 0.3% 1.8% -7.8% 1.9% 2.2% -1.0%
Rental changes
from 1 Jan 2015
Hong Kong Singapore Tokyo#
Guangzhou Beijing Shenzhen Shanghai Taipei Sydney Melbourne Seoul Kuala Lumpur Osaka Jakarta HCMC Hanoi Manila
In US dollars 0.4% -3.3% 7.3% 0.0% 1.8% 2.0% 1.2% 2.2% -12.8% -12.8% -5.1% 1.4% -2.0% -5.4% 0.8% -7.9% 0.2%
In local currency 0.3% -1.4% 9.5% -0.1% 1.7% 1.9% 1.1% 0.2% 0.0% 0.0% -1.8% 9.9% 0.0% 1.4% 2.8% -6.0% 1.5%
Rental changes
from 1 Jan 2015
Hong Kong Tokyo Seoul* Singapore Shanghai Beijing Taipei Osaka Guangzhou Sydney Shenzhen Manila Kuala Lumpur
In US dollars 4.4% -0.6% -24.9% -5.5% 0.2% 0.5% 0.9% -1.9% 7.1% -12.8% 9.1% 0.5% -12.3%
In local currency 4.3% 1.4% -22.3% -3.6% 0.1% 0.4% -1.2% 0.1% 7.0% 0.0% 9.0% 1.8% -5.0%
6. 06
Survey | Prime Benchmark
Costchanges-primevilla/townhses,Jan–Jun2015
Costchanges-luxuryservicedapts,Jan–Jun2015
Cost changes - prime hotels, Jun 2015 YoY
TABLE 10
Source: Savills Research & Consultancy
GRAPH 21
Source: Savills Research & Consultancy
-10% -5% 0% 5% 10% 15%
Hong Kong
Seoul
Singapore
Tokyo
Manila
Osaka
Shanghai
Shenzhen
Beijing
Guangzhou
Taipei
Hanoi
Ho Chi Minh City
Kuala Lumpur
Rental changes in US$ Rental change in local curency
GRAPH 22
Source: FocusEconomics
0%
2%
4%
6%
8%
2015 2016
TABLE 11
GRAPH 23
Source: Savills Research & Consultancy
-20% -15% -10% -5% 0% 5% 10% 15% 20%
Sydney
Melbourne
Tokyo
Hong Kong
Singapore
Seoul
Osaka
Taipei
Shenzhen
Shanghai
Beijing
Manila
Guangzhou
Ho Chi Minh City
Kuala Lumpur
Hanoi
Rental changes in US$ Rental change in local curency
GRAPH 24
Source: FocusEconomics
-100
-50
0
50
100
150
200
250
300
350
2015 2016
US$billion
Real GDP growth forecasts, 2015–2016
GRAPH 19
Source: Savills Research & Consultancy
-15% -10% -5% 0% 5% 10%
Hong Kong
Sydney
Shenzhen
Guangzhou
Shanghai
Singapore
Beijing
Rental changes in US$ Rental change in local curency
GRAPH 20
Source: FocusEconomics
0%
2%
4%
6%
8%
2015 2016
Inflation forecasts, 2015–2016
Current account forecasts, 2015–2016
TABLE 12
Source: Savills Research & Consultancy
Rental changes
from 1 Jan 2015
Hong Kong Sydney Shenzhen Guangzhou Shanghai Singapore Beijing
In US dollars 2.0% -12.8% 3.4% 0.1% 0.1% -8.2% -1.2%
In local currency 1.9% 0.0% 3.3% 0.0% 0.1% -6.4% -1.3%
Source: Savills Research & Consultancy
Rental changes
from 1 Jan 2015
Hong Kong Seoul Singapore Tokyo Manila Osaka Shanghai Shenzhen Beijing Guangzhou Taipei Hanoi HCMC Kuala Lumpur
In US dollars -0.3% -3.5% -5.0% -2.4% 6.6% 9.4% 3.1% 4.9% -1.5% 2.4% 1.2% -0.1% -2.7% -1.3%
In local currency -0.3% -0.2% -3.1% -0.4% 8.0% 11.6% 3.0% 4.9% -1.6% 2.3% -0.9% 1.9% -0.8% 6.9%
Rental changes
from 1 Jul 2014
Sydney Melbourne Tokyo Hong Kong Singapore Seoul Osaka Taipei Shenzhen Shanghai Beijing Manila Guangzhou HCMC Kuala Lumpur Hanoi
In US dollars -17.2% -19.4% -13.9% -9.2% -1.0% -15.6% -16.7% -0.2% -5.0% 4.3% 0.1% 12.6% 2.6% 12.3% -19.8% -3.1%
In local currency 1.5% -1.2% 3.8% -9.2% 6.8% -6.3% 0.5% 3.7% -5.6% 3.7% -0.5% 16.3% 1.9% 14.6% -5.4% -1.1%
7. savills.co.uk/research 07
Savills, the international real estate advisor established in the UK since 1855 with a network of over 600 offices and associates globally.
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 floor area basis per month, which is defined as the floor 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 figures being reported elsewhere. Given varying
local market practices, necessary assumptions and judgments are made by our real estate professionals in local offices to achieve comparable results among the different cities.
HONG KONG SAR
Savills (Hong Kong) Limited
23/F Two Exchange Square , Central, Hong Kong
Tel: (852) 2842 4534 Fax: (852) 2869 6738
Contact: Raymond Lee E-mail: rlee@savills.com.hk
EA Co. Licence: C-002450
Savills Valuation and Professional Services Limited
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Tel: (852) 2801 6100 Fax: (852) 2501 5810
Contact: Charles Chan E-mail: ccchan@savills.com.hk
EA Co. Licence: C-023750
Savills Property Management Holdings Limited
8/F Cityplaza One, 1111 King’s Road, Taikoo Shing, Hong Kong
Tel: (852) 2534 1628 Fax: (852) 2508 1883
Contact: Johnnie Chan E-mail: jckchan@savills.com.hk
EA Co. Licence: C-002955
Savills Guardian (Holdings) Limited
7/F Cityplaza One, 1111 King’s Road, Taikoo Shing, Hong Kong
Tel: (852) 2512 1838 Fax: (852) 2887 3698
Contact: Peter Ho E-mail: peterho@savillsguardian.com.hk
EA Co. Licence: C-004089
MACAU SAR
Savills - 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: fliu@savills.com.mo
CHINA
Savills - Shanghai
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Tel: (86) 21 6391 6688 Fax: (86) 21 6391 6699
Contact: Albert Lau E-mail: Albert.Lau@savills.com.cn
Savills - Beijing
2101 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: Billy.Chau@savills.com.cn
Savills - Guangzhou
Room 906, R & F Centre, 10 Hua Xia Road, Zhu Jiang New Town
Guangzhou, 510623, China
Tel: (86) 3892 7168 Fax: (86) 3892 7030
Contact: Woody Lam E-mail: Woody.Lam@savills.com.cn
Savills - Shenzhen
Unit A, 5/F, Anlian Plaza, 4018 Jintian Road, Futian District, Shenzhen 518026, China
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Offices in Chengdu, Chongqing, Dalian, Hangzhou, Nanjing, Qingdao, Shenyang,
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ASIA
Savills - Indonesia
PT Savills Consultants Indonesia
Panin Tower – Senayan City
16th Floor, Unit C
JI. Asia Afrika Lot. 19
Jakarta 10270, Indonesia
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Contact: Jeffrey Hong Email: jeffrey.hong@propertyconnection.co.id
Savills - Japan
Savills Japan Co., Ltd
CR Kamiyacho Building 10F, 1-11-9 Azabudai, Minato-ku,
Tokyo 106-0041, Japan
Tel: (81) 3 5562 1700 Fax: (81) 3 5562 1705
Contact: Christian Mancini E-mail: cmancini@savills.co.jp
Savills - Korea
Savills Korea
13/F Seoul Finance Center, 84 Taepyungro-1-ga
Chung-gu, Seoul, Korea 100-768
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Contact: K.D. Jeon E-mail: kdjeon@savills.co.kr
ASIA PACIFIC HEADQUARTERS
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Savills - Malaysia
Savills (Malaysia) Sdn Bhd
Level 9, Menara Milenium, Jalan Damanlela, Bukit Damansara
50490 Kuala Lumpur, Malaysia
Tel:+603 2092 5955
Contact: Christopher Boyd Email: chris.boyd@savills.com.my
Savills - Myanmar
Savills Myanmar Limited
192 Bo Myat Htun Street (Middle Block)
Pazundaung Township, Yangon, Myanmar
Tel: +95 1 122 3341
Contact: Richard Emerson Email: remerson@savills.asia
Savills - Philippines
KMC MAG Group
8/F Floor Sun Life Centre, 5th Ave
Bonifacio Global City 1634, Philippines
Tel: (632) 403-5519
Contact: Michael McCullough Email: michael@kmcmaggroup.com
Savills - Singapore
Savills (Singapore) Pte Ltd.
30 Cecil Street, #20-03 Prudential Tower, Singapore 049712
Tel: (65) 6836 6888 Fax: (65) 6836 2668
Contact: Chris Marriott E-mail: cjmarriott@savills.asia
Savills - Taiwan
Savills (Taiwan) Limited
17F-1, Exchange Square, 89 Sung Ren Road
Xin-Yi District, Taipei, Taiwan
Tel: (886) 2 8789 5828 Fax: (886) 2 8789 5929
Contact: Cynthia Chu E-mail: cchu@savills.com.tw
Office in Taichung
Savills - Thailand
Savills (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: rcollins@savills.co.th
Savills - Vietnam
Savills Vietnam Ltd. Co.
18/F, Fideco Tower, 81-85 Ham Nghi Street
District 1, Ho Chi Minh City, Vietnam
Tel: (84) 8 3823 9205 Fax: (84) 8 3823 4571
Contact: Neil MacGregor E-mail: nmacgregor@savills.com.vn
Office in Hanoi
AUSTRALIA
Savills - Australia
Savills (Aust) Pty Ltd.
Level 7, 50 Bridge Street, Sydney, Australia
Tel: (61) 2 8215 8888 Fax: (61) 2 8215 8899
Contact: Paul McLean E-mail: pmclean@savills.com.au
Offices throughout Sydney, Parramatta, Canberra, Melbourne, Notting
Hill, Adelaide, Perth, Brisbane, Gold Coast and Sunshine Coast.
NEW ZEALAND
Savills - New Zealand
Level 8, 33 Shortland Street, Auckland NZ 1010
Tel: (64) 9 951 5910 / (64) 9 951 5911
Contact: Doug Osborne E-mail: dosborne@savills.co.nz
Contact: Paddy Callesen E-mail: pcallesen@savills.co.nz
NORTH AMERICA
Savills - New York
Savills 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: msteir@savills-studley.com
UNITED KINGDOM / EUROPE / SOUTH AFRICA
Savills - Europe
33 Margaret Street, London W1G 0JD
Tel: (44) 207 499 8644 Fax: (44) 207 495 3773
Contact: Jeremy Helsby E-mail: jhelsby@savills.com
Offices throughout the United Kingdom, Belgium, France, Germany,
Hungary, Italy, Netherlands, Poland, Spain and Sweden. Associate offices
in Austria, Greece, Norway, Portugal, Russia, Turkey and South Africa.
Robert McKellar - CEO, Asia Pacific
Raymond Lee - CEO, Greater China
Chris Marriott - CEO, South East Asia
Christian Mancini - CEO, North East Asia
Charles Chan - MD, Valuation & Professional Services, Greater China