Knight Frank opens private office in Hong Kong

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

According to Knight Frank’s newest edition of The Wealth Report, 45% of Asia-Pacific HNWIs are anticipated to experience a rise in wealth in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Mindsets Survey respondents claimed their buyers intend to buy a house in 2023.

Knight Frank claims that private real estate investors were the most intense purchasers in international commercial real estate venture in 2022, which is expected to proceed this year.

In an April 14 announcement, Knight Frank says Tung’s appointment will definitely further broaden its special buyer base, specifically among ultra-high-net-worth people (UHNWIs), family offices as well as their experts in Hong Kong along with mainland China.

Keong incorporates that the office has been developed at “impressive timing”. “I look forward to working closely with him [Tung] to servicing our customers who are based in the area jointly, where company, financial investments, real estate as well as way of livings have actually been and keep on be enlaced.”

” We are delighted to have Ho-Pin sign up with the Knight Frank Private Workplace. We set ourselves a determined focus on to be the market-leading, worldwide special client and even home office advisor in real estate, as well as Ho-Pin’s appointment gets us a step nearer to achieving our goal. His appointment enables Knight Frank to provide completely to our buyer’s demands in the location, urging private customers on all their real estate transactions, no matter where in the globe they are happening,” says Paddy Dring, head of the Knight Frank Private Office.

Newport Residences City Developments (CDL)

Hong Kong, Singapore, and Sydney place in the leading 10 cities for ultra-prime residential property transactions in 2022. 3 hundred forty-five super-prime revenues (sales negotiated for a minimum of US$ 10 million or $13 million) and 53 ultra-prime sales (negotiated for at least US$ 25 million) were documented in all these urban areas. On top of that, non commercial facilities continue to be the more effective estate financial investments for UHNWIs in the Asia-Pacific zone, particularly in Greater China, where 32% of the overall riches of HNWIs was alloted to their main and extra residences.

Knight Frank has established an exclusive office in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been appointed to lead the brand-new workplace, instructing private customers on their worldwide property portfolios.

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