List Sotheby’s International Realty Expands In APAC
Leading luxury real estate brokerage List Sotheby’s International
Realty already has a strong presence in the Asia-Pacific region with 15
existing offices in Japan, Hawaii, Singapore, Hong Kong, the
Philippines, and a new office in Thailand opening in September. With the
strong international presence, List Sotheby’s International Realty
offers clients probably the largest distribution network that maximises
the exposure of their properties.
With the aim to affirm its position in the real estate market as the
Asian gateway to major cities in Asia-Pacific, LIST Co., LTD, which owns
List Sotheby’s International Realty, has signed agreements with
Sotheby’s International Realty Affiliates LLC to expand into Indonesia
Operations in both countries are projected to open in 2019. With the
addition of Indonesia and Vietnam, List Sotheby’s International Realty
would become one of the largest regional real estate brokerages in Asia
with presence in major cities. Its Singapore office is the Southeast
Asian regional headquarters.
Mr Hisashi Kitami, President and Chief Executive Officer of List
Sotheby’s International Realty, said: “Because of geographical and
economical closeness, the addition of Indonesia and Vietnam to our
current portfolio of locations will facilitate more cross-border
transactions, which will be beneficial for all stakeholders including
our clients, employees, and agents.”
In the coming years, Mr Kitami plans to connect major cities in Asia
through the List Sotheby’s International Realty brand, and for the
company to stand out as an all-in-one real estate company in the region
to capitalise on the increasing property needs from both within and
outside of the Asia Pacific region, and contribute in vitalising the
Mr Kitami views Asia as the region where continued growth in both the
economy and population is expected. Commenting on the Asian market
outlook, Mr Kitami said that the real estate needs in Asia is not only
increasing but also becoming more diversified, and he expects the trend
to continue, citing examples of international High Net Worth Individuals
(HNWI) in search of investment opportunities in Asia; HNWI from Asia
looking for investments outside; as well as residential demands and
needs from the emerging middle/upper income class in Asia.
Responding to INSIGHTS on List Sotheby’s International
Realty’s immediate plans from now till 2020, Mr Kitami shared
enthusiastically that the company will hire more local people in each
country as that will bridge cultural and communication gaps, and also
give the company the edge of accessing local networks and information.
Emphasising the need for strong teamwork between the different
offices and in staying ahead of new disruptive technologies impacting
the market, Mr Kitami said: “Technology has and will continue to change
the way people receive information. To establish ourselves as a regional
market leader, we will focus on connecting our regional offices by
leveraging the latest property related technologies and differentiate
ourselves from the competition.”
“We will also continue to leverage the strength of the Sotheby’s
International Realty brand, which has already built great brand
awareness and is highly respected worldwide as a credible brand. The
brand also has the unique position of having offices in 70 countries and
regions, and it has partnerships with major media powerhouses such as
Wall Street Journal and New York Times,” added Mr Kitami.
The List Group also owns a company that specialises in development
investment. This is part of the Group’s larger strategy to enjoy greater
efficiency and efficacy by having the development investment business
and brokerage business together under one group. Individual businesses
can share efforts and resources in the collecting of information and
building of networks, while sharing best practices that would help each
other avoid potential risks.
Congratulating List Sotheby’s International Realty on its expansion
in Asia Pacific, Mr Philip White, President and Chief Executive Officer
of Sotheby’s International Realty Affiliates LLC, said: “The addition of
Vietnam and Indonesia to the List Sotheby’s International Realty
portfolio will further establish their foothold in Southeast Asia.
Hisashi Kitami and his team have a strong history of growth in the
markets they serve, and we are proud to have them lead this venture."
The Sotheby’s International Realty network currently has more than
22,000 affiliated independent sales associates located in approximately
960 offices in 70 countries and territories worldwide. In 2017, the
brand achieved a record global sales volume of $108 billion USD.
List Sotheby’s International Realty Singapore looks forward to
working closely with our regional colleagues, including Thailand,
Indonesia and Vietnam to continue building List Sotheby’s International
Realty as a leading regional real estate brokerage.