Knight Frank opens private office in Hong Kong
According to Knight Frank’s newest edition of The Wealth Record, 45% of Asia-Pacific HNWIs are anticipated to experience an increase in riches in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Attitudes Study participants stated their customers intend to acquire a house in 2023.
Knight Frank says that private real estate investors were one of the most engaged purchasers in global profitable property assets in 2022, which is anticipated to continue this year.
Keong includes that the office space has actually been established at “impeccable moment”. “I look forward to working carefully with him [Tung] to servicing our clients who are situated in the area together, where local business, financial investments, property and way of livings have been and remain to be entwined.”
Knight Frank has already set up an exclusive office space in Hong Kong, the second in Asia. Tung Ho-Pin has been selected to lead the brand-new workplace, guiding special clients on their worldwide real estate profiles.
Hong Kong, Singapore, along with Sydney place in the best 10 cities for ultra-prime property transactions in 2022. 3 hundred forty-five super-prime purchases (sales transacted for a minimum of US$ 10 million or $13 million) and 53 ultra-prime sales (transacted for at the very least US$ 25 million) were documented in all these urban areas. Furthermore, residential facilities stay 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 designated to their basic and extra houses.
The opening of Knight Frank’s private business office in Hong Kong happens a year following it established an exclusive office in Singapore last February. “With Singapore as well as Hong Kong being key to capital circulations in the Asian region, it makes sense to open up a Private Workplace in Hong Kong too,” claims Nicholas Keong, head of exclusive office space at Knight Frank Singapore.
In an April 14 press release, Knight Frank states Tung’s appointment will certainly better grow its exclusive client base, particularly amongst ultra-high-net-worth individuals (UHNWIs), family office spaces and also their advisors in Hong Kong together with mainland China.
” We are thrilled to have Ho-Pin sign up with the Knight Frank Private Workplace. We prepared ourselves an eager focus on to be the market-leading, global exclusive client and even home office consultant in property, and also Ho-Pin’s appointment gets us an action closer to achieving our objective. His appointment makes it possible for Knight Frank to cater totally to our client’s needs in the region, instructing private clients on all their property transactions, regardless of where in the globe they are taking place,” states Paddy Dring, head of the Knight Frank Private Office.
