CBRE, Savills Open New Offices

Source : The Business Times, 13 Sept 2007

PROPERTY firm CB Richard Ellis (CBRE) is set to open its office in Koh Samui, Thailand, while its competitor Savills officially opened its office in Dalian, China, yesterday. CBRE’s office opens tomorrow.

The group, which already has offices in Bangkok and Phuket, said in a press statement yesterday that the move was in response to growing investor demand, and the number of quality developments on the market.

The Koh Samui office will offer a full range of services, including residential sales, investment and land services, research and consulting, and valuation services.

It will be supported by CBRE’s regional offices in Asia and will be part of a larger business plan to roll out a high-end luxury properties platform.

Separately, integrated property services provider Savills yesterday launched its Dalian office, bringing the group’s total number of offices in China to eight, with staff strength estimated at 3,000.

Earlier this year, Savills also opened offices in Tianjin and Chengdu. Savills Dalian offers full agency services, including residential sales, commercial and retail leasing, property management, research, development and consultancy, and valuation.

Shu Zhong Hua, a real estate veteran with over 10 years’ experience in China, has been appointed general manager of the Dalian office.

At the opening ceremony, Savills also announced their appointment as property management consultant for Jguang East Coast, a 120,000 sq metre high-end residential project located in Dalian’s eastern Zhongshan district. The project is expected to be launched at the end of this month.