Knight Frank Malaysia Acquires Property Hub to Better Serve the Residential Real Estate Market
Kuala Lumpur (27 April 2022) – Knight Frank Malaysia, a leading global real estate services firm, recently announced a residential joint venture with Property Hub Sdn Bhd, a multi-award-winning real estate agency, comprising over 120 professionals across its Kuala Lumpur headquarters and Kota Kinabalu, Sabah branch.
Renowned as a boutique real estate agency punching well above its weight, Property Hub HQ, together with its Sabah operation are most notably winners of multiple MIEA awards (including Residential Real Estate Firm of the Year and State Real Estate Firm of the Year) for ten consecutive years, from 2012 to 2021. The joint venture with Property Hub coincides with Knight Frank Malaysia’s 20th anniversary in Malaysia and underscores Knight Frank’s global expansion strategy.
Property Hub will integrate with Knight Frank Malaysia’s residential operations, acting as the key element of the company’s residential agency network. A new management structure, complemented by future new hires will bring the joint venture in-line with Knight Frank’s global practices and to bolster the team.
Sarkunan Subramaniam, group managing director of Knight Frank Malaysia, says, “I am delighted to welcome Benjamin Tee and team to Knight Frank Malaysia. Today’s announcement reinforces our position as the leading real estate consultant in Malaysia and highlights the power of our brand and culture to attract the best talent. We are also happy to announce that we have worked collaboratively to successfully complete the transaction of Block N at Jaya One between Worldwide Emergency Assistance Sdn Bhd and Luxchem Corp Bhd. With the combination of our 600+ professionals in Malaysia, this will enhance Knight Frank Malaysia’s ability to provide comprehensive solutions for clients in any market across the country.”
“We are excited to become part of the Knight Frank global family in addressing today’s constantly evolving real estate landscape,” said Benjamin Tee, managing director, Knight Frank Property Hub (also Co-founder of Property Hub). “This joint venture aligns with our vision to provide our clients with a full range of services, including valuation, capital markets, corporate services and property management, while leveraging our expertise in residential sales and leasing as well as project marketing. Our shared values and unique qualities will enhance our market impact and reach as we continue to deliver a premier real estate experience to our clients, our partners and our people.”
Kevin Coppel, managing director, Asia Pacific, commented: “As we are celebrating our 20 years of progress in Malaysia, I am delighted to welcome the Property Hub team which will add to Knight Frank’s global network. One essential part of growing our business worldwide is to find the right cultural fit with partners who align with our values. With the team at Property Hub; we are confident that we have found them.”
Victoria Garett, head of residential Asia Pacific, added, “The residential property market is anticipated to gradually recover this year, and this joint venture could not be better timed as this strengthens our leading position in Malaysia. I look forward to collaborating with the Knight Frank Property Hub Sdn Bhd team and helping them reach new heights”.
Knight Frank Property Hub in Malaysia will operate as the focal residential, project marketing and international project marketing arm, leveraging Property Hub’s extensive strengths and enviable track record in the residential sub-sale and mid-to-high-end markets, its substantial cache of high-net-worth clients as well as its invaluable experience serving MNC and expatriate clients from over 50 countries.
