{"id":21110,"date":"2024-08-22T03:09:29","date_gmt":"2024-08-22T03:09:29","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/christies-international-real-estate-enters-singapore-as-luxury-brand-continues-expansion-in-southeast-asia\/"},"modified":"2024-08-22T03:09:29","modified_gmt":"2024-08-22T03:09:29","slug":"christies-international-real-estate-enters-singapore-as-luxury-brand-continues-expansion-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/christies-international-real-estate-enters-singapore-as-luxury-brand-continues-expansion-in-southeast-asia\/","title":{"rendered":"Christie\u2019s International Real Estate Enters Singapore as Luxury Brand Continues Expansion in Southeast Asia"},"content":{"rendered":"
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SINGAPORE and CHICAGO, Aug. 21, 2024 (GLOBE NEWSWIRE) — Christie\u2019s International Real Estate<\/a>, a global leader in luxury real estate, has officially launched in Singapore, marking a significant milestone in its Southeast Asia expansion strategy.\u00a0<\/p>\n

Operating from a newly refurbished historic shophouse on China Street in Singapore\u2019s Central Business District (CBD), Christie\u2019s International Real Estate Singapore will specialize in residential brokerage services with a focus on Singapore\u2019s well-established luxury real estate market. It will also assist Singapore-based capital, both individual and institutional, with investing in real estate opportunities around the world through the brand\u2019s extensive global network. The firm is led by Singapore-based Harmeet Bedi and Dipika Bedi, and Himmat and Rohini Singh, longtime owners of Christie\u2019s International Real Estate\u2019s affiliate in India.\u00a0<\/p>\n

The team brings a wealth of experience to this new venture. Himmat and Rohini Singh each have over 25 years of experience in luxury real estate, while Harmeet Bedi has more than 30 years of banking and real estate investment management expertise, including a decade in C-suite roles, most recently as CEO of Singapore-based Prime US REIT Management Pte. Ltd. Dipika Bedi complements the team with more than 20 years of experience in advertising, marketing, art sales and event management.\u00a0<\/p>\n

The business partners will reintroduce Christie\u2019s International Real Estate under new ownership and management to the Singapore market, where luxury real estate has experienced over a decade of continuous growth. Singapore\u2019s high standard of living, stable political environment, robust economy, and favorable tax policies continue to attract a steady stream of buyers and investors, reinforcing the strong long-term growth fundamentals of the luxury real estate market. For instance, single-family homes, especially the highly coveted Good Class Bungalows (GCBs) which typically feature land sizes exceeding 15,000 square feet, are valued between S$35 million and S$65 million ($26.8 million and $49.7 million USD), which is reflective of Singapore\u2019s reputation as one of the most prestigious real estate markets in the world.\u00a0<\/p>\n

Notable developments further solidify Singapore\u2019s position as a prime destination for luxury real estate. The exclusive 32 Gilstead in District 11, which has seen units sell for S$14 million each ($10.7 million USD), and the recent en bloc sale of Kew Lodge on Kheam Hock Road for S$66.8 million ($51.1 million USD), further emphasize the escalating value of prime land in this highly desirable district.\u00a0<\/p>\n

Additionally, the redevelopment of 19 Nassim by Keppel Land in the prestigious Nassim neighborhood underscores the sustained demand for luxury properties in Singapore’s most sought-after areas. Upcoming launches in Marina Bay and River Valley highlight the ongoing vibrancy and allure of Singapore\u2019s high-end real estate market, reinforcing its status as a premier destination for luxury investments.\u00a0<\/p>\n

\u201cSingapore is a tight-knit, highly capitalized, and brand-conscious luxury real estate market, with buyers and sellers who expect the highest level of service \u2013 exactly what Christie\u2019s International Real Estate provides,\u201d said Harmeet Bedi, Managing Director, Christie\u2019s International Real Estate Singapore. \u201cWe are confident that discerning clientele from Singapore and the region will appreciate the brand\u2019s tailored service and international network.\u201d\u00a0<\/p>\n

\u201cThe current dynamism and potential in Singapore\u2019s luxury residential real estate market, combined with the increasing need for global investment opportunities from both individual and institutional capital based in Singapore, makes this the perfect time to reintroduce the Christie\u2019s International Real Estate brand here,\u201d adds Himmat Singh, joint managing director, Christie\u2019s International Real Estate Singapore. \u201cRohini and I are excited to expand our long-standing partnership with Christie\u2019s International Real Estate. With the brand\u2019s world-class marketing, unmatched international network, and commitment to premier service, we\u2019re bringing the most recognized and trusted name in luxury real estate to one of the most sophisticated real estate markets in the world\u201d\u00a0<\/p>\n

Christie\u2019s International Real Estate Singapore will offer national and international exposure for listings through the Christie\u2019s International Real Estate network, which has brokerages in nearly 50 countries and territories. Clients will also gain access to exclusive marketing partnerships and a relationship with the iconic Christie\u2019s auction house for the sale of fine art and luxury goods, including wine and watches. Christie\u2019s International Real Estate maintains a close relationship with Christie\u2019s auction house, enabling clients on both sides to leverage the unique synergies between the worlds of high-end real estate, art, and luxury items.\u00a0\u00a0<\/p>\n

\u201cAs we expand our presence in Southeast Asia, we see great potential for the Christie\u2019s International Real Estate brand in Singapore, especially with Harmeet and Himmat at the helm,\u201d said Helena Moyas de Forton, managing director, head of EMEA and APAC at Christie\u2019s International Real Estate. \u201cTheir extensive industry experience, unrivaled knowledge of Singapore\u2019s real estate market, and commitment to bespoke, first-class service will make Christie\u2019s International Real Estate Singapore the firm of choice for Singapore\u2019s luxury real estate clientele.\u201d\u00a0\u00a0<\/p>\n

Christie\u2019s International Real Estate has affiliates throughout Asia, including in Dubai, India, Taiwan, Vietnam, and Japan.\u00a0\u00a0<\/p>\n

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About Christie\u2019s International Real Estate<\/b>\u00a0
Christie\u2019s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its invitation-only Affiliate network spanning nearly 50 countries and territories, Christie\u2019s International Real Estate offers unparalleled services to a global clientele at the luxury end of the residential property market. For more information, please visit christiesrealestate.com<\/a>.\u00a0<\/p>\n