Knight Frank opens private office in Hong Kong
According to Knight Frank’s most recent release of The Wealth Report, 45% of Asia-Pacific HNWIs are predicted to encounter a rise in riches in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Survey respondents claimed their buyers intend to get a house in 2023.
Hong Kong, Singapore, and Sydney place in the best 10 cities for ultra-prime residential property deals in 2022. 3 hundred forty-five super-prime purchases (sales transacted for a minimum of US$ 10 million or $13 million) and 53 ultra-prime sales (negotiated for a minimum of US$ 25 million) were recorded in these cities. Furthermore, housing facilities continue to be the more suitable estate financial investments for UHNWIs in the Asia-Pacific region, especially in Greater China, where 32% of the complete riches of HNWIs was alloted to their main and extra homes.
” We are pleased to have Ho-Pin sign up with the Knight Frank Private Workplace. We set ourselves an ambitious focus on to be the market-leading, international exclusive consumer and home office expert in real estate, and Ho-Pin’s appointment gets us an action nearer to reaching our aim. His appointment allows Knight Frank to serve completely to our client’s needs in the region, urging private customers on all their realty deals, regardless of where in the world they are happening,” claims Paddy Dring, head of the Knight Frank Private Office.
Knight Frank has recently created a nonpublic workplace in Hong Kong, the second in Asia. Tung Ho-Pin has been selected to head the brand-new office, instructing exclusive clients on their global real estate profiles.
The opening of Knight Frank’s exclusive workplace in Hong Kong happens a year after it established a private office in Singapore last February. “With Singapore and also Hong Kong being key to resources flows in the Asian territory, it makes good sense to open an Exclusive Workplace in Hong Kong also,” claims Nicholas Keong, head of exclusive office space at Knight Frank Singapore.
Keong includes that the office space has been developed at “impeccable moment”. “I eagerly anticipate working closely with him [Tung] to service our buyers that are situated in the region together, where company, financial investments, property as well as lifestyles have actually been and remain to be entangled.”
In an April 14 announcement, Knight Frank states Tung’s appointment will definitely further expand its special buyer base, especially amongst ultra-high-net-worth individuals (UHNWIs), family office spaces and their consultants in Hong Kong together with mainland China.
Knight Frank states that exclusive investors were the most engaged buyers in worldwide commercial realty venture in 2022, that is expected to continue this year.
