The Tate Residence, Claymore Singapore (Photo: Christie’s Real Estate)
Christie’s International Real Estate, a globally esteemed leader in luxury properties, has officially expanded into the Singapore market as of August 22, 2024. This move marks a pivotal step in the company’s Southeast Asian growth strategy. Establishing its presence with a beautifully refurbished historic shophouse on China Street in Singapore’s bustling Central Business District (CBD), the company is set to make a focused entry into the nation’s luxury real estate market.
Christie’s International Real Estate Singapore will focus on providing residential brokerage services, particularly in the high-end real estate sector. By leveraging its vast global network, the firm aims to assist both individual and institutional clients in Singapore with their real estate investments worldwide. This strategic move is designed to meet the growing demand for luxury properties in Singapore, a market that has experienced over a decade of continuous growth.
Seasoned Leadership at the Helm
From left to right: Himmat Singh, Rohini Singh, Dipika Bedi, Harmeet Singh Bedi
The firm is helmed by Singapore-based Harmeet Singh Bedi and Dipika Bedi, alongside Himmat and Rohini Singh, the long-standing proprietors of Christie’s International Real Estate’s affiliate in India. Each bringing over 25 years of experience in the luxury real estate market, Himmat and Rohini Singh offer a profound understanding of the industry. Harmeet Singh Bedi, with over three decades of expertise in banking and real estate investment management, including ten years in executive roles, most recently served as CEO of Prime US REIT Management Pte. Ltd. Dipika Bedi further enhances the team with more than 20 years of experience in advertising, marketing, art sales, and event management.
Leveraging Singapore’s Prestigious Real Estate Market
Singapore’s luxury real estate market continues to thrive, driven by the city’s high standard of living, stable political environment, robust economy, and favorable tax policies. These factors consistently attract a steady influx of high-net-worth buyers and investors. The market for single-family homes, particularly the highly sought-after Good Class Bungalows (GCBs), remains robust, with these properties typically valued between S$35 million and S$65 million.
Recent high-profile transactions highlight the escalating value of prime real estate in Singapore. For instance, units at the exclusive 32 Gilstead in District 11 have sold for S$14 million each, and the en bloc sale of Kew Lodge on Kheam Hock Road fetched S$66.8 million. Additionally, the redevelopment of 19 Nassim by Keppel Land in the prestigious Nassim neighborhood underscores the sustained demand for luxury properties in Singapore’s most coveted areas.
A Perfect Match for Singapore’s Discerning Market
Harmeet Singh Bedi, Managing Director of Christie’s International Real Estate Singapore, highlights the synergy between the brand’s offerings and the expectations of Singapore’s luxury real estate clientele. “Singapore is a close-knit, highly capitalized market where luxury real estate buyers and sellers demand the highest level of service—precisely what Christie’s International Real Estate delivers,” Bedi remarked. “We are confident that discerning clients from Singapore and the region will value the brand’s bespoke service and extensive international network.”
Himmat Singh, joint Managing Director, shared similar views, noting that the timing is perfect for reintroducing Christie’s International Real Estate to Singapore. “Given the current dynamism and potential in Singapore’s luxury residential real estate market, along with the growing need for global investment opportunities, now is the ideal time to reintroduce the Christie’s International Real Estate brand here,” he stated. “With world-class marketing, an unmatched international network, and a commitment to premier service, we’re bringing the most recognized and trusted name in luxury real estate to one of the world’s most sophisticated markets.”
Global Reach with Local Expertise
Christie’s International Real Estate Singapore will provide unparalleled national and international exposure for listings through its global network, which spans nearly 50 countries and territories. Clients will also benefit from exclusive marketing partnerships and a close relationship with Christie’s auction house, enabling them to explore synergies between luxury real estate, fine art, and high-end collectibles.
As the brand expands across Southeast Asia, Helena Moyas de Forton, Managing Director and Head of EMEA and APAC at Christie’s International Real Estate, expressed her confidence in the Singapore team. “With their extensive industry experience, deep knowledge of Singapore’s real estate market, and commitment to bespoke, first-class service, Harmeet and Himmat will make Christie’s International Real Estate Singapore the go-to firm for Singapore’s luxury real estate clientele,” she said.
Christie’s International Real Estate’s expansion into Singapore adds to its extensive Asia network, including Dubai, India, Taiwan, Vietnam, Japan, and reinforces its global luxury position.
For more information, please visit christiesrealestate.com.
