Knight Frank opens private office in Hong Kong
The opening of Knight Frank’s private business office in Hong Kong comes about a year following it established a private office in Singapore last February. “With Singapore as well as Hong Kong being key to capital flows in the Asian territory, it makes good sense to open up a Private Workplace in Hong Kong also,” says Nicholas Keong, head of exclusive office space at Knight Frank Singapore.
Keong includes that the office has been developed at “impressive moment”. “I eagerly anticipate working very closely with him [Tung] to service our customers who are located in the place together, where business, assets, real property as well as way of lives have actually been and keep on be enlaced.”
Knight Frank has set up a private office in Hong Kong, the second in Asia. Tung Ho-Pin has been designated to head the brand-new workplace, instructing special clients on their worldwide property portfolios.
Knight Frank states that private clients were one of the most intense customers in worldwide profitable realty investment in 2022, that is presumed to continue this year.
Hong Kong, Singapore, and Sydney rank in the best 10 cities for ultra-prime residential property purchases in 2022. 3 hundred forty-five super-prime sales (sales negotiated for at least US$ 10 million or $13 million) and 53 ultra-prime sales (negotiated for a minimum of US$ 25 million) were documented in these metropolitan areas. Additionally, residential premises remain the preferable property investments for UHNWIs in the Asia-Pacific area, particularly in Greater China, where 32% of the total riches of HNWIs was designated to their basic and also backup residences.
” We are thrilled to have Ho-Pin take part in the Knight Frank Private Office. We established ourselves an eager focus on to be the market-leading, global exclusive customer and family office advisor in realty, and Ho-Pin’s appointment involves us an action nearer to reaching our goal. His appointment makes it possible for Knight Frank to cater completely to our buyer’s needs in the location, urging private clients on all their realty deals, regardless of where in the world they are taking place,” says Paddy Dring, head of the Knight Frank Private Office.
In an April 14 news release, Knight Frank claims Tung’s appointment will better expand its special buyer base, specifically amongst ultra-high-net-worth people (UHNWIs), family workplaces and also their consultants in Hong Kong and mainland China.
According to Knight Frank’s most current edition of The Wealth Record, 45% of Asia-Pacific HNWIs are anticipated to experience a boost in wealth in 2023 compared to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Mindsets Survey participants stated their customers prepare to purchase a home in 2023.