François Pinault, founder of luxury conglomerate PPR, has just paid $32 million for a historic mansion in the Chelsea neighborhood of London.

Savills Property Management is honoured to receive Awards of “Prime Eco-Business in Property Services Industry 2011” and “Eco-Leadership Award” for 4 of our managed buildings for their contribution and achievement in environmental protection. The award was presented by the Metro Box in June 2011 in the presence of Mr. Edward Yau, JP, Secretary for the Environment. The above awards are to recognize Savills’ contribution and substantiate performance in green property management. To continue support our green property management, Savills has been taking active and proactive role in green promotion, education, training via joint event and activities with environmental groups, occupants and suppliers.

There are ten world cities in a class of their own when it comes to residential real estate according to international property advisors Savills in its World Class Index of premier global residential property locations published today.

Prices of non landed luxury property sales in Singapore remained steady in the first quarter of the year, according to the latest data from real estate consultants Savills.

A positive economic outlook and a continued market growth make Sweden’s property investment market attractive for investors at home and abroad in 2011 according to international real estate advisor Savills.

The prime London property rental market is now characterised by severe stock shortages and very high levels of demand, a combination that will underpin the strong price growth seen in 2010

Land values are set to increase worldwide as the commodity is seen as an attractive investment with stable returns, according to a new report.

With real estate prices in the UK starting to fall in line with predictions that analysts have been making for several months now, one group of buyers who are likely to profit from cheaper prices are the Chinese.

Developers of luxury apartment projects in Vietnam have had to shift their sales strategies in the face of flagging demand, according to real estate consulting and services firm Savills Vietnam.

Expatriates with families, arriving in town prior to the start of the new school year in September, are fueling luxury residential leasing demand in Hong Kong, according to new research from Savills Hong Kong.