Knight Frank opens private office in Hong Kong
Hong Kong, Singapore, and Sydney place in the leading 10 cities for ultra-prime property purchases in 2022. Three hundred forty-five super-prime sales (sales transacted for at the very least US$ 10 million or $13 million) including 53 ultra-prime sales (transacted for at least US$ 25 million) were recorded in these metropolitan areas. Additionally, residential facilities remain the more effective estate investments for UHNWIs in the Asia-Pacific area, specifically in Greater China, where 32% of the overall wealth of HNWIs was alloted to their primary and extra homes.
Knight Frank claims that private real estate investors were the most engaged customers in international profitable real estate assets in 2022, that is presumed to continue this year.
According to Knight Frank’s most current edition of The Wealth Record, 45% of Asia-Pacific HNWIs are forecasted to encounter a rise in riches in 2023 contrasted to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Mindsets Survey participants claimed their customers plan to buy a residential property in 2023.
In an April 14 news release, Knight Frank says Tung’s appointment will definitely even more expand its special consumer base, especially among ultra-high-net-worth individuals (UHNWIs), family workplaces and also their experts in Hong Kong together with mainland China.
Keong includes that the workplace has actually been established at “impeccable timing”. “I anticipate working very closely with him [Tung] to service our customers that are located in the area together, where business, assets, property and lifestyles have been and continue to be enlaced.”
Knight Frank has set up a private office space in Hong Kong, the second in Asia. Tung Ho-Pin has been appointed to head the new workplace, guiding exclusive clients on their worldwide real estate profiles.
” 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, global exclusive customer and family workplace advisor in realty, as well as Ho-Pin’s appointment involves us an action closer to getting to our goal. His appointment enables Knight Frank to provide totally to our client’s needs in the region, advising private clients on all their property purchases, no matter where in the globe they are occurring,” says Paddy Dring, head of the Knight Frank Private Workplace.
The opening of Knight Frank’s special business office in Hong Kong comes about a year following it established a private workplace in Singapore last February. “With Singapore as well as Hong Kong being key to resources flows in the Asian region, it makes sense to open up an Exclusive Workplace in Hong Kong as well,” claims Nicholas Keong, head of exclusive workplace at Knight Frank Singapore.
