Knight Frank opens private office in Hong Kong

According to Knight Frank’s newest edition of The Wealth Report, 45% of Asia-Pacific HNWIs are predicted to encounter a boost in riches in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Perspectives Survey participants said their buyers plan to purchase a house in 2023.

Knight Frank has already created a nonpublic office space in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been appointed to lead the brand-new business office, guiding private customers on their worldwide property portfolios.

” We are pleased to have Ho-Pin take part in the Knight Frank Private Workplace. We set ourselves a determined focus on to be the market-leading, worldwide private consumer and even home office consultant in real estate, and also Ho-Pin’s appointment involves us a step nearer to achieving our goal. His appointment allows Knight Frank to cater completely to our buyer’s requirements in the region, advising exclusive clients on all their real estate purchases, regardless of where in the globe they are happening,” says Paddy Dring, head of the Knight Frank Private Office.

Pinetree Hill Singapore

Keong adds that the office space has actually been established at “impressive timing”. “I look forward to working carefully with him [Tung] to service our customers who are based in the region jointly, where local business, investments, real estate as well as way of livings have been and remain to be enlaced.”

Knight Frank states that private real estate investors were one of the most active buyers in global commercial property venture in 2022, that is presumed to proceed this year.

In an April 14 news release, Knight Frank says Tung’s appointment will definitely further grow its exclusive client base, especially amongst ultra-high-net-worth folks (UHNWIs), family workplaces as well as their consultants in Hong Kong together with mainland China.

Hong Kong, Singapore, and Sydney place in the best 10 cities for ultra-prime residential property purchases in 2022. Three hundred forty-five super-prime revenues (sales negotiated for at the very least US$ 10 million or $13 million) also 53 ultra-prime sales (transacted for a minimum of US$ 25 million) were filed in these metropolitan areas. Furthermore, residential premises remain the better property financial investments for UHNWIs in the Asia-Pacific zone, particularly in Greater China, where 32% of the complete wealth of HNWIs was alloted to their primary and extra homes.

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

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