Knight Frank expands footprint in Singapore with 4th Private Office opening

The new Private Office will capitalise on key family offices and ultra-high-net-worth individuals.

Real estate consultancy firm, Knight Frank, is expanding into Singapore as it opened its fourth Private Office, following the launch of the Private Office in New York in December last year.

In a statement, Knight Frank said the Singapore Private Office is looking to capitalise on existing and new relationships with key family offices and ultra-high-net-worth individuals (UHNWIs) in the market. 

The private client teams in the UK, Middle East, and New York cover the residential and commercial sectors.

Knight Frank Singapore's former head of prime sales, Nicholas Keong, who will lead the Private Office in Singapore, said the company'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," he said.

Rory Penn, joint-head of Knight Frank Private Office, said the growing private wealth in Singapore prompted them to expand their Private Office.

According to Knight Frank's Wealth Report last year, the number of UHNWIs in Singapore is expected to rise by 31% over the next five years. There were also almost 250 family offices that have registered in the market since the beginning of 2020 and almost 400 Variable Capital Companies present.