{"id":50193,"date":"2017-03-30T09:55:20","date_gmt":"2017-03-30T02:55:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sothebys-international-realty-opens-in-singapore\/"},"modified":"2017-03-30T10:04:50","modified_gmt":"2017-03-30T03:04:50","slug":"sothebys-international-realty-opens-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sothebys-international-realty-opens-in-singapore\/","title":{"rendered":"Sotheby's International Realty opens in Singapore"},"content":{"rendered":"


\n Leong Boon Hoe, Chief Operating Officer of List Sotheby\u2019s International Realty, Singapore.
\nCapitalising on Singapore\u2019s position as a financial hub and the growing number of affluent individuals in the Southeast Asia region, Sotheby\u2019s International has opened an office in Singapore targeting ultra-wealthy clients.
\nThe move comes as luxury properties in the city-state remain an attractive proposition for foreign investors, with prices falling around 10 percent since the market peak in Q1 2013. The rate of decline has slowed down significantly in 2016 compared with other segments, potentially indicating a bottoming-out effect.
\nCalling the positioning of List Sotheby\u2019s International Realty, Singapore as the Southeast Asia headquarters \u201ctimely\u201d, Leong Boon Hoe, Chief Operating Officer of the local branch, noted that ultra-high net worth investors remain underserved by qualified salespersons with both local and regional market knowledge.
\n\u201cMore than ever, global uncertainties are driving astute investors to redirect and rebalance their investments. Residential properties will remain a key part of the ultra-high net worth investors\u2019 portfolio, and Singapore\u2019s luxury residential sector is primed for recovery when such interests return. We are well positioned to ride on this new wave of growth,\u201d he said.
\nWith the Sotheby\u2019s brand name being synonymous with prestige and discernment, \u201cthis gives us access and insights to ultra-high net worth clients of the world. And because of our reach, properties listed exclusively with us will be exposed to all our affiliate offices and their clients globally, which creates a very strong marketing proposition to these same clients\u201d, noted Leong.
\nAside from the Singapore office, List Sotheby\u2019s International Realty has two other offices in Hawaii, one in the Philippines and nine in Japan. The group plans to open another List Sotheby\u2019s International Realty office in Bangkok by 2018.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sotheby’s International Realty opens in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leong Boon Hoe, Chief Operating Officer of List Sotheby\u2019s International Realty, Singapore. Capitalising on Singapore\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-50193","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-d3z","jetpack-related-posts":[{"id":108208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/list-sothebys-names-new-research-and-consulting-director\/","url_meta":{"origin":50193,"position":0},"title":"List Sotheby\u2019s names new research and consulting director","date":"June 18, 2019","format":false,"excerpt":"\r Alice Tan will be joining List Sotheby\u2019s International Realty (List SIR) Singapore as the new director of research & consulting for Southeast Asia. List Sotheby\u2019s International Realty (List SIR), Singapore has appointed Alice Tan as its new director for research and consulting for Southeast Asia, with effect from 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95935,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/list-sothebys-international-realty-to-expand-into-thailand-indonesia-and-vietnam\/","url_meta":{"origin":50193,"position":1},"title":"List Sotheby\u2019s International Realty to expand into Thailand, Indonesia and Vietnam","date":"August 13, 2018","format":false,"excerpt":"\r Hisashi Kitami, President and CEO of List Sotheby\u2019s International Realty. In a bid to expand its presence in Asia Pacific, List Sotheby\u2019s International Realty announced on Monday (13 Aug) that it plans to hire more property agents for its Southeast Asian regional headquarters in Singapore, as well as open\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-pick-up-in-sales-of-gcbs-and-sentosa-cove-homes\/","url_meta":{"origin":50193,"position":2},"title":"Strong pick-up in sales of GCBs and Sentosa Cove homes","date":"July 20, 2017","format":false,"excerpt":"\r View of waterfront bungalows in Sentosa Cove. Sales of good class bungalows (GCBs) and Sentosa Cove homes picked up in the first half of 2017 from a year ago, according to a report by List Sotheby\u2019s International Realty, Singapore. Based on caveats lodged with URA Realis, 20 GCBs and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sotheby-intl-realty-makes-a-push-into-asia-starting-with-singapore\/","url_meta":{"origin":50193,"position":3},"title":"Sotheby Intl Realty makes a push into Asia, starting with Singapore","date":"April 13, 2017","format":false,"excerpt":"\r Singapore's luxury property market is attracting a different set of buyers, says Michael Valdes from Sotheby's International Realty.\r \r Source : cnbc.com\r Read more...Sotheby Intl Realty makes a push into Asia, starting with Singapore","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-bungalow-snapped-up-for-33-3mil\/","url_meta":{"origin":50193,"position":4},"title":"Sentosa Cove bungalow snapped up for $33.3mil","date":"August 24, 2018","format":false,"excerpt":"\r A single-storey bungalow in Sentosa Cove has been sold to a Singapore permanent resident (PR) for $33.3 million \u2013 the highest price achieved for a Sentosa Cove bungalow since 2013. 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