Knight Frank Launches Private Office in Hong Kong with Formula 1 & Indycar Racer Ho-Pin Tung Hired as Head of Hong Kong Private Office, 2nd Office in Asia with Nicholas Keong Heading Private Office in Singapore
14th April 2023 | Hong Kong
Knight Frank, a leading global property consultancy group, has launched a new Private Office in Hong Kong with formula 1 and Indycar racer Ho-Pin Tung hired as Head of Hong Kong Private Office (2nd private office in Asia). Nicholas Keong is currently leading the Private Office in Singapore (Head of Private Office in Singapore). Ho-Pin Tung will lead Knight Frank new Private Office in Hong Kong, advising private clients on their global real estate portfolios, focusing on UHNWIs (Ultra-high-net-worth individuals), family offices and advisors in Hong Kong and Chinese Mainland. Through the Private Office, Knight Frank’s private clients can benefit with only one point of contact across both residential & commercial property markets, received high-quality service and a long-term, and consistent relationship globally. Ho-Pin Tung is a Dutch-born Chinese who grew up and was educated in the Netherlands and now returning to Asia to join Knight Frank. With a successful career as a professional racing car driver, Ho-Pin Tung made history as the first Chinese racing car driver in Formula 1 and IndyCar and won multiple international championships, including the 24 Hours Le Mans race (world’s largest automotive endurance race). Ho-Pin Tung was also the co-founder and executive of Jackie Chan DC Racing. Read – Knight Frank Wealth Report 2023 | Knight Frank APAC Real Estate Outlook 2023
“ Knight Frank Launches Private Office in Hong Kong with Formula 1 & Indycar Racer Ho-Pin Tung Hired as Head of Hong Kong Private Office, 2nd Office in Asia with Nicholas Keong Heading Private Office in Singapore “
Paddy Dring, Head of the Knight Frank Private Office: “We are delighted to have Ho-Pin join the Knight Frank Private Office. We set ourselves an ambitious target to be the market leading, global private client and family office advisor in real estate and Ho-Pin’s appointment takes us a step closer to reaching our goal.
His appointment enables Knight Frank to cater fully to our clients’ needs in the region, advising private clients on all their real estate transactions, no matter where in the world they are taking place.”
Victoria Garrett, Head of Residential at Knight Frank Asia-Pacific: “According to Knight Frank’s latest edition of The Wealth Report, 45% of Asia-Pacific HNWIs are forecasted to experience an increase in terms of wealth in 2023 as compared to 25% in 2022.
With private wealth growing in Asia, expanding our private client teams covering the residential and commercial sectors beyond New York, the United Kingdom, and the Middle East to Singapore and now Hong Kong enables us to capitalise on existing and new relationships with key family offices and ultra-high-net-worth-individuals (UHNWIs) in the region.”
Knight Frank Launches Private Office in Hong Kong with Formula 1 & Indycar Racer Ho-Pin Tung as Head of Hong Kong Private Office, 2nd Office in Asia with Nicholas Keong Heading Private Office in Singapore
Knight Frank: “According to the latest edition of The Wealth Report published by Knight Frank, private investors were the most active buyers in global commercial real estate investment in 2022, and this trend is expected to continue throughout 2023. In Asia-Pacific, 16% of respondents to The Knight Frank Attitudes Survey said their clients are planning to buy a home in 2023. Hong Kong, Singapore, and Sydney rank as part of the top 10 cities for ultra-prime property transactions (US$25m+) in 2022. 345 transactions took place for super-prime (US$10m+) sales and 53 transactions for ultra-prime (US$25m+) in these cities. Residential premises remain the most preferable property investments for UHNWIs in Asia-Pacific, particularly in the Greater China region, with 32% of the total wealth of HNWIs allocated to their primary and secondary homes.”
Knight Frank launches new Private Office in Hong Kong with formula 1 and Indycar racer, hiring Ho-Pin Tung as Head of Hong Kong Private Office (2nd private office in Asia). Nicholas Keong is currently leading the Private Office in Singapore (Head of Private Office in Singapore).
Knight Frank Head of Hong Kong Private Office, Ho-Pin Tung
Ho-Pin Tung will lead Knight Frank new Private Office in Hong Kong, advising private clients on their global real estate portfolios, focusing on UHNWIs (Ultra-high-net-worth individuals), family offices and advisors in Hong Kong and Chinese Mainland. Through the Private Office, Knight Frank’s private clients can benefit with only one point of contact across both residential & commercial property markets, received high-quality service and a long-term, and consistent relationship globally.
Ho-Pin Tung is a Dutch-born Chinese who grew up and was educated in the Netherlands and now returning to Asia to join Knight Frank. With a successful career as a professional racing car driver, Ho-Pin Tung made history as the first Chinese racing car driver in Formula 1 and IndyCar and won multiple international championships, including the 24 Hours Le Mans race (world’s largest automotive endurance race). Ho-Pin Tung was also the co-founder and executive of Jackie Chan DC Racing.
About Knight Frank
Knight Frank LLP is the leading independent global property consultancy, serving as our ‘clients’ partners in property for 126 years. Headquartered in London, Knight Frank has more than 16,000 people operating from 384 offices across 51 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Firm, please visit knightfrank.com.
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