Following the successful launch of its first Asian office in Singapore, Select Property Group has wasted no time in expanding with a second office in Shanghai. How will Brexit influence the Chinese investors?
The firm has seen an 835 percent increase in Asian investors buying British real estate since 2010 and currently the largest proportion of its Asian investors originate from Greater China and Singapore. The new Shanghai office opening follows the successful launch of the Group’s first Asian office in Singapore in April this year, the firm said in a release.
U.K. Bound Chinese Students
The new office will further cater to strong demand by Chinese investors for its fully-managed properties. Currently, investors from Greater China and Singapore form the largest base of the Group’s Asian investors.
Select Property Group’s expansion in Asia will also enable it to support the growing number of Chinese student tenants for its purpose-built student accommodation.
«Asia is one of our most important growth markets and the launch of our second office in the region will allow us to better serve our valued investors from China. Our first footprint in Asia through our Singapore office has yielded encouraging results, and we are excited about the opportunities our Shanghai office will bring,» said Adam Price, Managing Director of Global Sales.
