Knight Frank opens private office in Hong Kong

Keong includes that the office has actually been established at “flawless moment”. “I anticipate working closely with him [Tung] to servicing our buyers who are situated in the region together, where company, financial investments, real estate and way of livings have been and keep on be enlaced.”

Knight Frank claims that exclusive real estate investors were one of the most engaged buyers in global commercial realty venture in 2022, which is expected to continue this year.

Knight Frank has already created a private office space in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been appointed to direct the new business office, advising exclusive customers on their global property profiles.

Hong Kong, Singapore, and even Sydney place in the leading 10 cities for ultra-prime residential property deals in 2022. 3 hundred forty-five super-prime revenues (sales negotiated for at least US$ 10 million or $13 million) and 53 ultra-prime sales (transacted for at least US$ 25 million) were filed in these cities. Additionally, residential properties remain the better property financial investments for UHNWIs in the Asia-Pacific zone, specifically in Greater China, where 32% of the overall wealth of HNWIs was designated to their basic and also extra residences.

In an April 14 press release, Knight Frank says Tung’s appointment will better increase its private client base, particularly among ultra-high-net-worth people (UHNWIs), family offices and also their experts in Hong Kong together with mainland China.

” We are pleased to have Ho-Pin take part in the Knight Frank Private Office. We set ourselves a determined focus on to be the market-leading, worldwide private customer and family office consultant in property, as well as Ho-Pin’s appointment involves us a step nearer to reaching our aim. His appointment enables Knight Frank to provide totally to our customer’s demands in the area, instructing exclusive buyers on all their property transactions, despite where in the globe they are happening,” states Paddy Dring, head of the Knight Frank Private Office.

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The opening of Knight Frank’s special business office in Hong Kong happens a year just after it established an exclusive office in Singapore last February. “With Singapore as well as Hong Kong being key to funding circulations in the Asian region, it makes good sense to open up a Private Office in Hong Kong also,” claims Nicholas Keong, head of exclusive office at Knight Frank Singapore.

According to Knight Frank’s most current release of The Wealth Report, 45% of Asia-Pacific HNWIs are anticipated to encounter a boost in wealth in 2023 contrasted to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Mindsets Survey respondents stated their customers prepare to buy a home in 2023.

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