_Knight Frank opens fourth Private Office globally with latest expansion into Singapore
22 February 2022
Singapore – Knight Frank opened its fourth Private Office globally with its latest expansion into Singapore. Nicholas Keong, former head of prime sales at Knight Frank Singapore will now lead the Private Office there. The expansion comes hot off the heels of the launch of Knight Frank’s Private Office in New York in December 2021 and is testament to Knight Frank’s ambitious strategy to be the market leading, global private client and family office advisor in real estate.
With private client teams now covering residential and commercial sectors in the UK, the Middle East and New York, the Singapore Private Office has been established to capitalise on existing and new relationships with key family offices and ultra-high-net-worth-individuals (UHNWIs) in the market. According to The Knight Frank Wealth Report 2021, the number of UHNWIs in Singapore is forecast to grow by 31% over the next five years. In addition, there are almost 250 family offices that have registered in the market since the start of 2020 and almost 400 Variable Capital Companies present.
Nicholas Keong, head of Knight Frank Singapore Private Office said: “It makes complete sense for Knight Frank to open a Private Office in Singapore and I’m incredibly excited to be part of this journey. Through our Private Office team, Knight Frank’s private clients will benefit from one point of contact across both residential and commercial property markets, a high-quality service and a long-term consistent relationship. Whatever our client’s property needs, whether buying, leasing or selling property in Singapore or globally, the Knight Frank Private Office will be able to assist.”
Keong will work closely with Knight Frank’s global Private Office network, set up in 2018 by Rory Penn and Thomas van Straubenzee, through which clients will have access to the collective knowledge, and experience of Knight Frank in 57 markets around the world.
Rory Penn, joint-head of Knight Frank Private Office said: “With clear evidence of growing private wealth in Singapore, combined with our existing client base in the region, we are delighted to be expanding our Private Office. Nick is superbly positioned to lead the Private Office team advising our private and family office clients; he has lived in Singapore for 22 years and has a decade of experience of working with UHNW clients having advised on sales across global property markets.”
Wendy Tang, group managing director of Knight Frank Singapore commented: “Given Singapore’s credible reputation as an economic powerhouse, many family offices are enticed to explore this island country as a gateway to access Asian investments. Against the backdrop of a rapidly expanding family office industry, there has never been a better time for us to establish a private office, to capture the rise in demand for bespoke services.”
Private clients will have access to the full suite of Knight Frank’s services including Strategy and Consultancy, Valuation and Advisory, Global Capital Markets and Investment, Property Asset Management, Occupier Services and Commercial agency, Industrial and Logistics and Residential, both in Singapore and internationally. For more information about Knight Frank Private Office Singapore, please visit https://www.knightfrank.com.sg/private-office.
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For further information, please contact:
Mr Nicholas Keong Director, Head, Private Office, Knight Frank Singapore
(E) nicholas.keong@sg.knightfrank.com (D) +65 6228 6870 (M) +65 9839 9361
Mr Hector Tan, Head, Marketing & Communications, Knight Frank Singapore
(E) hector.tan@sg.knightfrank.com (D) +65 6228 7358
Ms Astrid Recaldin, née Etchells, Head of Global Wealth & International PR
(E) astrid.recaldin@knightfrank.com (D) +44 20 7861 1182
Notes to Editors
Knight Frank has a strong presence in Singapore with a head office and two subsidiaries: Knight Frank Property Asset Management and KF Property Network. For further information about Knight Frank Singapore, please visit www.knightfrank.com.sg.
Knight Frank LLP is the leading independent global property consultancy. 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.