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Franchise Group Press Releases

Sotheby's International Realty Expands Luxury Brand Presence into Singapore

MADISON, N.J. and SINGAPORE 03-30-2016

Sotheby’s International Realty Affiliates LLC today announced that it has signed an agreement with List Holdings Singapore PTE. LTD. to develop the Sotheby’s International Realty® brand in Singapore.

List Holdings Singapore PTE. LTD. is owned by the same company that operates LIST Sotheby’s International Realty in Japan and Honolulu, Hawaii. The firm’s Singapore location will be led by Hisashi Kitami, owner and chief executive officer of List Sotheby’s International Realty.  

“Singapore is a global financial center making it an attractive market for international buyers,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Hisashi Kitami and his team share our brand’s core values and commitment to providing the highest levels of service.”

List Sotheby’s International Realty is expected to open its first office in Singapore during the second half of 2016.

“As part of the Sotheby’s International Realty network, we have seen great success in Hawaii and Japan and are excited to expand into Singapore,” said Kitami.  “The country has an international consumer base and the global exposure offered by the brand will continue to be beneficial to our clients.”
    
The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide.  List Sotheby’s International Realty listings will be 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 will 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.

About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.  In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house.  The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.


CONTACT

Kay Lee
Director, International Marketing, Asia Pacific
Sotheby's International Realty Affiliates LLC
175 Park Avenue Madison, NJ 07940
+1.973.407.4953
Kay.Lee@sothebysrealty.com

For English:
Takae Suzuki
List Sotheby’s International Realty
List Kannai Bldg., 4-47 Onoe-cho, Naka-ku, Yokohama, Kanagawa,
231-0015 Japan
+81 45 671 1111
takae.suzuki@sothebysrealty.com

For Japanese:
Noriaki Matsumoto
List Co. Ltd.
List Kannai Bldg., 4-47 Onoe-cho, Naka-ku, Yokohama, Kanagawa,
231-0015 Japan
+81 45 671 1134
n-matsumoto@list.co.jp
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