Knight Frank opens private office in Hong Kong

The opening of Knight Frank’s exclusive workplace in Hong Kong happens a year following it established a nonpublic workplace in Singapore last February. “With Singapore as well as Hong Kong being main to funding circulations in the Asian territory, it makes sense to open an Exclusive Office in Hong Kong too,” states Nicholas Keong, head of private workplace at Knight Frank Singapore.

According to Knight Frank’s newest release of The Wealth Record, 45% of Asia-Pacific HNWIs are predicted to experience a rise in riches in 2023 contrasted to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Survey participants claimed their customers plan to buy a residential property in 2023.

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” We are delighted to have Ho-Pin take part in the Knight Frank Private Office. We established ourselves an ambitious focused to be the market-leading, worldwide exclusive customer and home office consultant in real estate, and Ho-Pin’s appointment takes us an action nearer to achieving our goal. His appointment allows Knight Frank to serve completely to our client’s requirements in the region, urging exclusive buyers on all their real estate deals, despite where in the globe they are happening,” states Paddy Dring, head of the Knight Frank Private Workplace.

Knight Frank has recently created a nonpublic workplace in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been designated to head the new office, advising special customers on their international realty portfolios.

In an April 14 announcement, Knight Frank claims Tung’s appointment will definitely better increase its exclusive buyer base, specifically amongst ultra-high-net-worth people (UHNWIs), family offices and their experts in Hong Kong along with mainland China.

Hong Kong, Singapore, and Sydney rank in the leading 10 cities for ultra-prime residential property purchases in 2022. 3 hundred forty-five super-prime purchases (sales negotiated for at least US$ 10 million or $13 million) including 53 ultra-prime sales (negotiated for at least US$ 25 million) were documented in all these cities. On top of that, residential premises stay the more suitable real estate financial investments for UHNWIs in the Asia-Pacific region, particularly in Greater China, where 32% of the overall riches of HNWIs was designated to their primary and also extra homes.

Keong adds that the office has actually been built at “flawless timing”. “I eagerly anticipate working very closely with him [Tung] to service our buyers who are based in the area jointly, where local business, investments, property and lifestyles have been and continue to be entangled.”

Knight Frank states that private real estate investors were one of the most engaged purchasers in global profitable realty investment in 2022, which is anticipated to carry on this year.

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