Press Release

For Immediate Release

November 27, 2012

Engel & Völkers Hong Kong Celebrates Third Anniversary
as Engel & Völkers’ “Gateway to Asia”

HONG KONG – Engel & Völkers Hong Kong today celebrated its third anniversary as the company’s “Gateway to Asia” at its Hong Kong flagship store, located at 95 Caine Road in Mid-Levels West.

Princess Bettina Wittgenstein, Head of Global Corporate Communication for Engel & Völkers, based in Hamburg, Germany, and Chris Liem, Owner & Principal of Engel & Völkers Hong Kong, held a celebration ceremony, painting the shop door red as a symbol of the company’s shift of focus to Asia. In the press briefing following the event, Princess Wittgenstein and Mr. Liem discussed Engel & Völkers as a brand, the strategy for expanding in Asia, and their 2013 outlook for high-end, luxury property markets in Hong Kong and around the world.

“Asia represents one of the areas of greatest potential future growth for Engel & Völkers, and the branch in Hong Kong has launched our strategy to expand in the region,” said Princess Wittgenstein. “With accolades such as Best Property Agency from GoHome and Squarefoot, Engel & Völkers Hong Kong emblemizes what we stand for as a brand: local expertise, client-oriented service and access to a global network of the best agents, locations and properties.”

Regionally, Engel & Völkers has already planned for the sale of two more licenses in Shanghai and Singapore, and aims to establish a presence over the next five to ten years in the luxury property markets of other major cities in China, as well as in India, Thailand and Japan.

Said Mr. Liem: “We expect the Hong Kong property market to continue its upward price trajectory. Recent market actions indicate that people are still looking for a home for their cash – hence, the strong demand for easily traded real estate such as commercial units and car parks. It will take time for macroeconomic factors to affect Hong Kong, so the property market here should continue to benefit from easy money and liquidity.”

“We are strengthening our global network with our expansion in the Asian region,” added Princess Wittgenstein.“ As we continue to grow in Asia we are providing our clients with a broader range of options as they look for their next home or investment in Asia and in locations around the world.”

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About Engel & Völkers Hong Kong
Engel & Völkers Hong Kong is the Asia Regional Headquarters for the Engel & Völkers Group based in Germany. As the world’s leading real estate agency, they provide services in specialised luxury residential sales and leasing, and premium project marketing. The experienced team combines the best of local market expertise with unparalleled global market knowledge and resources. Engel & Völkers Hong Kong was voted Best Property Agency 2011 for Mid-levels, Sheung Wan and Central by GoHome and Best of the Best Real Estate Agency 2012 in Mid-levels by Squarefoot. It is Asia Regional Headquarters for the Engel & Völkers Group.

Founded in Germany in 1977 and now with more than 500 locations in 40 countries, Engel & Völkers is uniquely positioned to offer professional real estate agency services to clients, in Hong Kong and internationally.

For more information about Engel & Völkers Hong Kong, please visit www.hongkongev.com.

For media enquiry, please contact:
Robert Grieves / Haley Meng
Tel: (+852) 2488-8866
rgrieves@hamiltonadvisorsltd.com
hmeng@hamiltonadvisorsltd.com
www.hamiltonadvisorsltd.com

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