Sotheby’s International Realty® has yet again expanded its preeminent luxury real estate presence across the globe, this time with its first-ever office in Singapore. At home in the United States, the brand has also extended its services into Virginia Beach, which marks our fifth independently owned and operated affiliate in the state of Virginia.
In Singapore, an agreement was signed with List Holdings Singapore PTE. LTD., which is owned by the same company that operates List Sotheby’s International Realty in Japan and Honolulu, Hawaii, to develop the new brand.
“Singapore is a global financial center making it an attractive market for international buyers,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Hisashi Kitami and his team share our brand’s core values and commitment to providing the highest levels of service.”
The Singapore firm is expected to open its first office, which will be led by owner and CEO of List Sotheby’s International Realty Hisashi Kitami, during the second half of 2016.
“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,” said Kitami. “The country has an international consumer base and the global exposure offered by the brand will continue to be beneficial to our clients.”
Back home at Virginia Beach, the Weaver Advantage team, an established real estate firm in the area, has joined the brand’s network, and will now operate as Atlantic Sotheby’s International Realty. Owned by Kris Weaver, the company is planned to serve the specific markets of Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Eastern Shore and Northern Neck. Existing brand affiliates in the state include Frank Hardy Sotheby’s International Realty, Hunt Country Sotheby’s International Realty, The Steele Group Sotheby’s International Realty and TTR Sotheby’s International Realty.
“Virginia Beach is a popular beach town destination with a strong luxury residential real estate market,” said White. “Expanding into this area has been one of our brand’s objectives, and we are proud to welcome Atlantic Sotheby’s International Realty to our network.”
The new affiliate currently has two office locations, with plans to open a third in a prime waterfront location later this year.
“Affiliating with the Sotheby’s International Realty brand allows us access to the finest marketing platform in the luxury real estate space and an impressive global network of agents,” said Weaver. “Our goal is to provide our clients with the best possible experience buying, selling and leasing real estate; we are thrilled to align with a brand that can elevate us to the next level.”
For more of the latest expansion news, be sure to frequently check out our brand’s “Extraordinary Living” blog here.