Knight Frank opens private office in Hong Kong
According to Knight Frank’s latest version of The Wealth Report, 45% of Asia-Pacific HNWIs are forecasted to encounter a rise in wealth in 2023 contrasted to 25% in 2022. In Asia-Pacific, 16% of The Knight Frank Mindsets Study participants said their customers plan to acquire a home in 2023.
In an April 14 news release, Knight Frank states Tung’s appointment will better expand its special consumer base, specifically amongst ultra-high-net-worth folks (UHNWIs), family offices and their experts in Hong Kong along with mainland China.
The opening of Knight Frank’s special office in Hong Kong transpires a year following it established a private office in Singapore last February. “With Singapore and also Hong Kong being key to funding flows in the Asian territory, it makes sense to open a Private Workplace in Hong Kong as well,” states Nicholas Keong, head of exclusive office space at Knight Frank Singapore.
Lakegarden Residences Yuan Ching Road
Keong adds that the office has been established at “flawless moment”. “I anticipate working very closely with him [Tung] to service our customers who are based in the region jointly, where local business, assets, real estate as well as way of lives have been and continue to be enlaced.”
Knight Frank says that exclusive real estate investors were one of the most engaged purchasers in global profitable real estate investment in 2022, that is anticipated to proceed this year.
Hong Kong, Singapore, along with Sydney place in the top 10 cities for ultra-prime residential property purchases in 2022. Three hundred forty-five super-prime sales (sales negotiated for a minimum of US$ 10 million or $13 million) also 53 ultra-prime sales (negotiated for at the very least US$ 25 million) were recorded in these urban areas. On top of that, non commercial premises stay the preferable estate financial investments for UHNWIs in the Asia-Pacific zone, especially in Greater China, where 32% of the total riches of HNWIs was designated to their primary and extra homes.
Knight Frank has recently set up an exclusive workplace in Hong Kong, the 2nd in Asia. Tung Ho-Pin has been appointed to direct the new business office, guiding exclusive clients on their worldwide real estate profiles.
” We are pleased to have Ho-Pin sign up with the Knight Frank Private Office. We prepared ourselves a determined focus on to be the market-leading, global exclusive client and home office consultant in real estate, and also Ho-Pin’s appointment gets us a step nearer to reaching our goal. His appointment allows Knight Frank to provide completely to our buyer’s needs in the area, instructing private clients on all their real estate purchases, regardless of where in the world they are occurring,” claims Paddy Dring, head of the Knight Frank Private Office.
