Sotheby’s is targeting wealthy foreign buyers who are looking for homes in Singapore.
Sotheby’s International Realty Affiliates LLC, a firm specializing in marketing luxury properties, announced on Wednesday, 30 March, that it has signed a contract with List Holdings Singapore to develop the Sotheby’s brand in the city-state.
List Holdings Singapore is owned by the same company that operates List Sotheby’s International Realty in Japan and Hawaii. Under the agreement, the latter will open an office here by the second half of this year, to be helmed by Hisashi Kitami, owner and CEO of List Sotheby’s International Realty.
“Singapore is a global financial centre, making it an attractive market for international buyers,” said Philip White, President and CEO of Sotheby’s International Realty Affiliates LLC.
Kitami added: “As part of the Sotheby’s International Realty network, we have seen great success in Hawaii and Japan, and are excited to expand into Singapore. The country has an international consumer base, and the global exposure offered by the brand will continue to be beneficial to our clients.”
Sotheby’s International Realty network currently has more than 18,800 sales associates spread across 835 offices in 63 countries. Each office is independently owned and operated.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
