Savills is pleased to announce it is the leading real estate agency across Asia Pacific with USD$5.78 billion (AUD$8.89 billion) worth of properties transacted over US$10 million (AUD$15.3million) which comprises a number of recent sales including the Urbanest Student Housing Portfolio for in excess of USD$1.3bn (AU$2.1bn), LG Twin Towers in the Beijing CBD for USD$1.12bn (AUD$1.72 bn) and the Minatomirai Center office building in Yokohama-shi Nishi-ku, Japan for USD$895m (AUD$1.36bn).

Paul Craig, CEO of Savills Australia and New Zealand said this overall achievement is a true testament to the strength and resilience of the entire Savills Asia Pacific business.

“Despite working remotely during this pandemic, buyers are still active, and are spending more time reviewing and analysing key markets. The ability for agencies to connect internally, quickly and easily across borders has been critical in assisting in these transactions.

Further Reading: Largest ever student accommodation transaction in Australia completes for $2.1bn+ Savills

“Savills has always had an entrepreneurial approach to everything we do, and our focus continues to be first and foremost on our clients and the service we provide them.

“As a result of our continued hard work, cross communication and extensive network across Asia Pacific, we are able to achieve the absolute best results for our clients and assist with vital information around how to best navigate the changed market conditions,” he said.

Despite the global pandemic, Savills data says certain property sectors have maintained deal momentum across the region, and the regions to watch will be the few economies that appear to have the virus under control.

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