MADISON, N.J. (Sept. 17, 2014) – Sotheby’s International Realty Affiliates LLC today announced Tianjin Zeng Yi Real Estate Brokerage Co. Ltd., which is owned by Plus Investment Holding Group (Beijing), will open Hainan Sotheby’s International Realty in China, furthering the brand’s expansion in Asia.
Kevin Corbett will serve as chief executive officer, and Jim Hao will serve as general manager. The firm is expected to open in mid-November of this year.
“Following the planned opening of Beijing Sotheby’s International Realty in October, Kevin and Jim look to continue the momentum in Hainan,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Hainan, with its tropical climate, is a tourist hot spot. We are proud of their efforts in creating a strong presence in this market, as we continue our expansion in Asia.”
With the opening of Hainan Sotheby’s International Realty, the Sotheby’s International Realty® brand will have 27 independently owned and operated offices throughout Asia in Australia, Beijing, Hong Kong, Japan, New Zealand, the Philippines, Taiwan, Thailand and Vietnam.
“Hainan is often referred to as the Hawaii of China, and the No. 1 tropical resort destination there,” said Corbett. “With the strength of the Sotheby’s International Realty network and our robust resources in Hainan, we are opening new doors to this exotic haven and to those seeking to invest in China’s world-class resort real estate. With the opening of Hainan Sotheby’s International Realty, we foresee further growth and expansion in mainland China’s luxury real estate market.”
The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. Hainan Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.