Knight Frank opens private office in Hong Kong
Hong Kong, Singapore, and even Sydney rank in the best 10 cities for ultra-prime property purchases in 2022. Three hundred forty-five super-prime purchases (sales negotiated for at the very least US$ 10 million or $13 million) including 53 ultra-prime sales (negotiated for at least US$ 25 million) were documented in these metropolitan areas. In addition, residential premises stay the better property financial investments for UHNWIs in the Asia-Pacific region, specifically in Greater China, where 32% of the total wealth of HNWIs was alloted to their primary and also secondary residences.
According to Knight Frank’s latest edition 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 Mindsets Study participants stated their clients intend to get a house in 2023.
Knight Frank claims that exclusive clients were the most intense buyers in worldwide profitable realty investment in 2022, that is anticipated to continue this year.
In an April 14 news release, Knight Frank claims Tung’s appointment will certainly even more broaden its exclusive consumer base, especially amongst ultra-high-net-worth folks (UHNWIs), family offices and also their consultants in Hong Kong together with mainland China.
” We are thrilled to have Ho-Pin sign up with the Knight Frank Private Office. We set ourselves an ambitious target to be the market-leading, worldwide special client and home office expert in real estate, and Ho-Pin’s appointment takes us a step nearer to getting to our aim. His appointment enables Knight Frank to serve completely to our buyer’s demands in the area, urging exclusive buyers on all their real estate transactions, no matter where in the world they are taking place,” states Paddy Dring, head of the Knight Frank Private Office.
Knight Frank has recently established a nonpublic workplace in Hong Kong, the second in Asia. Tung Ho-Pin has been designated to lead the new business office, instructing exclusive customers on their worldwide realty profiles.
The opening of Knight Frank’s special business office in Hong Kong transpires a year following it set up a nonpublic office in Singapore last February. “With Singapore as well as Hong Kong being central to capital flows in the Asian region, it makes sense to open a Private Workplace in Hong Kong also,” states Nicholas Keong, head of exclusive office at Knight Frank Singapore.
Keong includes that the workplace has been developed at “flawless timing”. “I look forward to working carefully with him [Tung] to servicing our customers that are situated in the region jointly, where company, assets, real estate and also way of lives have actually been and continue to be entangled.”
