Knight Frank opens private office in Hong Kong
Hong Kong, Singapore, along with Sydney place in the leading 10 cities for ultra-prime residential property deals in 2022. Three hundred forty-five super-prime sales (sales negotiated for at least US$ 10 million or $13 million) also 53 ultra-prime sales (negotiated for a minimum of US$ 25 million) were documented in all these metropolitan areas. On top of that, residential properties stay the more effective estate investments for UHNWIs in the Asia-Pacific region, especially in Greater China, where 32% of the complete wealth of HNWIs was designated to their main and backup homes.
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Keong incorporates that the workplace has been developed at “impeccable moment”. “I look forward to working closely with him [Tung] to servicing our customers who are located in the area together, where business, investments, real estate and way of lives have actually been and remain to be entangled.”
The opening of Knight Frank’s exclusive business office in Hong Kong happens a year after it established a nonpublic workplace in Singapore last February. “With Singapore as well as Hong Kong being main to resources flows in the Asian region, it makes good sense to open up a Private Workplace in Hong Kong as well,” states Nicholas Keong, head of exclusive workplace at Knight Frank Singapore.
In an April 14 news release, Knight Frank claims Tung’s appointment will certainly further broaden its special buyer base, specifically amongst ultra-high-net-worth people (UHNWIs), family office spaces and their advisors in Hong Kong and mainland China.
According to Knight Frank’s most recent release of The Wealth Report, 45% of Asia-Pacific HNWIs are predicted to encounter an increase in abundance in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Survey participants stated their customers prepare to acquire a residential property in 2023.
Knight Frank claims that exclusive investors were the most engaged purchasers in global profitable real estate assets in 2022, that is presumed to carry on this year.
” We are pleased to have Ho-Pin join the Knight Frank Private Workplace. We prepared ourselves an eager focus on to be the market-leading, international special client and family workplace expert in property, and Ho-Pin’s appointment gets us an action closer to achieving our aim. His appointment enables Knight Frank to serve fully to our client’s demands in the region, instructing exclusive clients on all their realty transactions, no matter where in the globe they are happening,” says Paddy Dring, head of the Knight Frank Private Workplace.
Knight Frank has established an exclusive office in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been assigned to head the new business office, guiding private clients on their worldwide property portfolios.
