Knight Frank opens private office in Hong Kong

The opening of Knight Frank’s exclusive office in Hong Kong transpires a year after it set up a private workplace in Singapore last February. “With Singapore and Hong Kong being central to resources circulations in the Asian area, it makes good sense to open up an Exclusive Office in Hong Kong also,” states Nicholas Keong, head of exclusive workplace at Knight Frank Singapore.

Knight Frank says that private real estate investors were the most active buyers in worldwide profitable property investment in 2022, that is expected to continue this year.

Keong adds that the office space has actually been established at “remarkable timing”. “I anticipate working very closely with him [Tung] to servicing our clients that are situated in the region jointly, where business, assets, real property as well as way of lives have been and remain to be entwined.”

Hong Kong, Singapore, and even Sydney rank in the leading 10 cities for ultra-prime residential property deals in 2022. Three hundred forty-five super-prime sales (sales transacted for at least US$ 10 million or $13 million) and 53 ultra-prime sales (transacted for a minimum of US$ 25 million) were documented in all these metropolitan areas. In addition, housing premises remain the more suitable estate investments for UHNWIs in the Asia-Pacific region, specifically in Greater China, where 32% of the total riches of HNWIs was alloted to their basic and also secondary residences.

” We are delighted to have Ho-Pin sign up with the Knight Frank Private Office. We established ourselves an ambitious focused to be the market-leading, international exclusive client and family office advisor in realty, as well as Ho-Pin’s appointment involves us an action closer to achieving our objective. His appointment makes it possible for Knight Frank to provide fully to our buyer’s requirements in the location, instructing private customers on all their real estate purchases, no matter where in the world they are happening,” states Paddy Dring, head of the Knight Frank Private Office.

According to Knight Frank’s most recent edition of The Wealth Record, 45% of Asia-Pacific HNWIs are predicted to encounter a rise in riches in 2023 contrasted to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Survey participants claimed their buyers intend to purchase a residential property in 2023.

Sky Eden Bedok, Bedok Central

Knight Frank has set up a private office in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been selected to head the brand-new workplace, guiding exclusive clients on their global real estate profiles.

In an April 14 announcement, Knight Frank states Tung’s appointment will even more increase its exclusive client base, specifically amongst ultra-high-net-worth people (UHNWIs), family office spaces and their advisors in Hong Kong and mainland China.

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