Property agency expands into S’pore amid housing market recovery
Mr Patrick Lai, Chief Operating Office of RHT Wealth Holdings
London-based property specialist Chestertons and Singapore’s RHT Wealth Holdings have teamed up to launch a new real estate consultancy in the city-state that will serve as its gateway into the rest of the region.
Known as RHT Chestertons, the company provides a full range of property services like acquisitions, sales, leasing, valuation and investment advisory across all types of properties, be it commercial, industrial or residential.
“As investor appetite for property returns to the market, we believe there are attractive investment opportunities in Singapore which fit our strategy of focusing on niche segments within the market,” said RHT Chestertons Non-Executive Chairman Ricky Sim, a veteran with more than 20 years of experience in the industry.
The new partnership further extends Chestertons’ existing international property business and paves the way into fresh markets in Southeast Asia.
“By combining our resources and expertise, we will be able to access real estate opportunities globally with RHT Chestertons acting as the gateway to Asia Pacific and Chestertons offering its vast network in Europe, Middle East, and North Africa,” noted Salah Mussa, Chairman of Chestertons.
Founded in 1805, Chestertons is a real estate firm with decades of experience in its home market, the UK, as well as in Europe, the Middle East, and North Africa. It also has more than 100 offices across 19 countries.
On the other hand, RHT Wealth Holdings offers multidisciplinary business solutions in Singapore such as compliance, data risk management, advisory and risk management, as well as governance and regulatory advisory.
According to RHT Wealth Holdings’ COO Patrick Lai, the new alliance aims to take advantage of their network of super wealthy customers.
“Real estate is still a high-net-worth individual’s go-to safe haven. Having a real estate consultancy arm is part of our approach to create and deliver real value to our clients.”
Meanwhile, RHT Chestertons intends to establish a presence in two other ASEAN markets that are on the radar of international investors, namely Indonesia and Vietnam.
This article was edited by Keshia Faculin.
