Hisashi Kitami, President and CEO of List Sotheby’s International Realty.
In a bid to expand its presence in Asia Pacific, List Sotheby’s 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 new offices in Thailand, Indonesia and Vietnam.
The office in Bangkok, Thailand is slated to open next month, while operations in the other two countries are expected to commence in 2019.
“Because of geographical and economical closeness, the addition of Indonesia and Vietnam to our locations will facilitate more cross-border transactions,” said Hisashi Kitami, President and CEO of List Sotheby’s International Realty.
More: Sotheby’s International Realty Opens In Singapore
Moreover, List Sotheby’s International Realty is riding the wave of Southeast Asia’s “very active” real estate market, which has “immense growth potential”, added its head of Asia region Yasushi Yamada.
For instance, Kitami noted that demand for Asian properties is not only rising but is also becoming increasingly more diversified given the growing housing needs of the emerging middle/upper income class in the region and the rising number of global High Net Worth Individuals (HNWI) on the lookout for investment properties within and outside Asia.
Currently, List Sotheby’s International Realty has 15 offices in Asia Pacific, including 10 in Japan’s major cities like Yokohama and Tokyo. Aside from two in Hawaii, it also opened one office each in the Philippines (2016), Hong Kong (2017) and Singapore (2017).
The company, specialising in marketing luxury properties worldwide, is a partnership between Japan’s List Group and US-based Sotheby’s International Realty.
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Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com