Knight Frank opens private office in Hong Kong

In an April 14 press release, Knight Frank claims Tung’s appointment will further expand its private buyer base, especially amongst ultra-high-net-worth folks (UHNWIs), family office spaces as well as their consultants in Hong Kong and mainland China.

” We are thrilled to have Ho-Pin take part in the Knight Frank Private Workplace. We set ourselves an eager focused to be the market-leading, worldwide private client and home workplace advisor in real estate, as well as Ho-Pin’s appointment gets us an action nearer to getting to our aim. His appointment enables Knight Frank to serve completely to our customer’s needs in the region, urging exclusive customers on all their realty purchases, despite where in the globe they are happening,” claims Paddy Dring, head of the Knight Frank Private Workplace.

According to Knight Frank’s latest 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 Perspectives Survey respondents said their customers intend to acquire a residential property in 2023.

The opening of Knight Frank’s exclusive office in Hong Kong comes about a year following it set up an exclusive office in Singapore last February. “With Singapore and also Hong Kong being main to funding circulations in the Asian region, it makes good sense to open a Private Office in Hong Kong as well,” claims Nicholas Keong, head of exclusive workplace at Knight Frank Singapore.

Keong adds that the office space has been established at “impeccable moment”. “I eagerly anticipate working carefully with him [Tung] to servicing our clients who are situated in the region together, where local business, investments, property and also lifestyles have been and keep on be enlaced.”

Knight Frank has already established a private office in Hong Kong, the second in Asia. Tung Ho-Pin has been appointed to lead the new workplace, guiding private clients on their worldwide property profiles.

Knight Frank says that exclusive clients were one of the most active buyers in international profitable real estate assets in 2022, which is presumed to continue this year.

Hong Kong, Singapore, and even Sydney place in the best 10 cities for ultra-prime residential property purchases in 2022. 3 hundred forty-five super-prime purchases (sales negotiated for a minimum of US$ 10 million or $13 million) also 53 ultra-prime sales (transacted for at least US$ 25 million) were recorded in these metropolitan areas. Additionally, housing facilities stay the better estate financial investments for UHNWIs in the Asia-Pacific area, specifically in Greater China, where 32% of the total riches of HNWIs was designated to their primary and extra homes.

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