Knight Frank opens private office in Hong Kong
The opening of Knight Frank’s special workplace in Hong Kong transpires a year just after it established an exclusive office in Singapore last February. “With Singapore as well as Hong Kong being central to capital circulations in the Asian area, it makes good sense to open an Exclusive Office in Hong Kong too,” claims Nicholas Keong, head of private office space at Knight Frank Singapore.
Keong adds that the office space has actually been established at “impressive moment”. “I look forward to working carefully with him [Tung] to service our customers that are based in the region together, where business, financial investments, real property as well as way of livings have actually been and continue to be enlaced.”
Hong Kong, Singapore, and Sydney place in the top 10 cities for ultra-prime residential property deals in 2022. 3 hundred forty-five super-prime sales (sales negotiated for a minimum of US$ 10 million or $13 million) including 53 ultra-prime sales (transacted for at the very least US$ 25 million) were filed in these metropolitan areas. Additionally, residential facilities stay the preferable estate financial investments for UHNWIs in the Asia-Pacific area, especially in Greater China, where 32% of the overall riches of HNWIs was alloted to their main and also backup homes.
Knight Frank says that private clients were the most engaged buyers in worldwide commercial realty assets in 2022, which is expected to continue this year.
” We are delighted to have Ho-Pin take part in the Knight Frank Private Office. We established ourselves an eager focus on to be the market-leading, worldwide private client and house office consultant in real estate, as well as Ho-Pin’s appointment takes us an action closer to achieving our aim. His appointment enables Knight Frank to cater totally to our buyer’s demands in the location, urging exclusive clients on all their property deals, no matter where in the globe they are occurring,” states Paddy Dring, head of the Knight Frank Private Office.
In an April 14 news release, Knight Frank states Tung’s appointment will definitely further grow its exclusive buyer base, specifically amongst ultra-high-net-worth folks (UHNWIs), family office spaces and their experts in Hong Kong along with mainland China.
Knight Frank has recently set up a private office in Hong Kong, the second in Asia. Tung Ho-Pin has been selected to direct the brand-new workplace, instructing private clients on their worldwide property portfolios.
According to Knight Frank’s most recent version of The Wealth Report, 45% of Asia-Pacific HNWIs are forecasted to encounter a rise in abundance in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Study respondents stated their buyers plan to acquire a house in 2023.