CB Richard Ellis Launches Residential Sales Services in Hong Kong - By: Elaine W., Posted on: 2007-07-30

CB Richard Ellis is pleased to announce the formation of its new Residential Sales team as part of Residential Services in Hong Kong, in line with the firm’s strategy of offering clients the most comprehensive residential services.

The expansion of residential services is a strategic response to the ever-increasing sophistication of residential development requirements and the exponential growth of the luxury residential market. The new sub-division will complement the existing residential leasing services that the firm currently offers.

The Residential Sales team with its experienced professionals is specifically dedicated to servicing the needs of home buyers, private investors, real estate investment funds, developers and owners to achieve their sales goals and maximise returns in residential property investment. The scope of services provided by the team includes the sales, marketing, advisory and co-ordination in the luxury sector of residential projects and developments; strata title sales of the super luxury and prestige houses, prime residential sites and blocks, penthouse units, low-rise apartment blocks and townhouse developments; as well as tendering and exclusive agent for high-value premises. By aligning CB Richard Ellis’ global network, the team is able to deliver both regional and local opportunities suitable for specific residential investment strategies.

“We are very proud to have a strong Residential Sales team with an excellent track record and a wide range of expertise in the industry. The team is headed by Alan Man, who has over 16 years of residential and investment sales experience. His leadership, impeccable reputation and local market insight will significantly enhance our strategic execution capabilities, and will facilitate continued business growth for CB Richard Ellis,” said Rick Santos, Managing Director, CB Richard Ellis Hong Kong.

“The reinforcement of our professional services expertise reaffirms the aggressive growth and commitment to service that CB Richard Ellis is undertaking in its strategic expansion plans for the Hong Kong office. Looking forward, with the promising local economic growth and buoyant market demand in luxury residential properties, CB Richard Ellis expects positive prospects for the luxury residential sales market in Hong Kong,” he continued.

“My team and I are very honoured to join such a world-class organisation. CB Richard Ellis has a tremendous future, with exciting growth prospects in residential sales services. With our business expansion strategies, we will capitalise on Hong Kong market opportunities and deliver an unparalleled level of service and excellence to our clients,” said Alan Man, Senior Director of Residential Services, CB Richard Ellis Hong Kong.

Alan Man brings with him a wealth of experience in the residential sales industry. Prior to joining CB Richard Ellis, he was a Sales Director of residential department at Savills in Hong Kong (formerly known as First Pacific Davies, FPD Realty and FPDsavills) and a District Sales Associate Director of StatelyHome – Peak & Island South division of Centaline Property Agency Limited.

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CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest real estate services firm (in terms of 2005 revenue). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; investment management; appraisal and valuation; and research and consulting. Please visit our Web site at www.cbre.com.hk

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