Luxury U.S. real estate group moving into Asia Pacific

A Chicago, U.S. based real estate group, focusing on luxury properties, in recent times established a corporate office in Singapore to expand its coverage to established as well as emerging Asian markets.

The company, specialising in over USD one million homes, will concentrate on Asia Pacific investors from mainland China, Hong Kong, India, Japan, plus New Zealand, targeting the region’s rising property hotspots including Indonesia, Malaysia, the Philippines and Thailand.

The group have claimed their members have encompassed efforts to target Asian consumers, striving for a better understanding of cultural preferences, acknowledging the potential impact on their businesses.

The upcoming Luxury Portfolio Immersion Conference of China was recently announced—quartering around one million Chinese millionaires from 20^th to 22^nd July. This will give a further understanding of the rising power of Chinese investors.

The luxury property group operates in 30 countries having produced approximately USD314billion in sales last year via 200 luxury affiliates.

'Indonesia's market has the highest potential of the Asia Pacific'

Sony Mobile Communications has claimed Indonesia’s market has the highest potential of the Asia Pacific, as the country’s middle class continues to rise. Indonesia was said to be a significant for Sony, owing to its growing population. As the middle class and population increases, so does the demand for smart phones. Sony aims to take this opportunity to grow its sales within Indonesia, using heavy investment only within Indonesia throughout the Asia Pacific.

A GFK study ranked Sony as second in the mobile phone market by value. Sony had received orders for over 1,200 Z2 phones since it was launched in early March this year.