Sotheby’s International Realty is now open in Japan. The premier global luxury real estate brokerage firm is an exclusive franchise has open it’s very first branch in Japan. However, it is curious that only now a chain is open in Japan seeing the high standards of living there, I thought they should have capitalized on it years ago.
Tokyo, Apr 4, 2008 – (JCN Newswire) – Urban Corporation (TSE: 8868) today launched Japan Sotheby’s International Realty (incorporated name: K.K. Urban International Properties), a premier global luxury real estate brokerage firm, as part of its exclusive franchise agreement with Sotheby’s International Realty Affiliates LLC signed on July 19, 2007. It has opened its first office in Tokyo’s Chiyoda-ku, Kojimachi, paving the way for clients to have access to an unprecedented and unrivaled global real estate network.
Japan Sotheby’s International Realty will operate as the independently owned franchise of the Sotheby’s International Realty(R) brand, which currently consists of 484 offices in 33 countries. By working with the brand’s more than 9,000 brokerage professionals worldwide, Japan Sotheby’s International Realty is able to offer more than 20,000 luxury property listings around the world to Japan’s real estate market. Meanwhile, the launch also provides domestic and foreign clientele with access to the finest domestic property listings, such as luxury residences in metropolitan Tokyo and Osaka, as well as premium resorts and vacation homes in Karuizawa, Okinawa, and throughout Japan.
The Sotheby’s International Realty brand has brokered some of the world’s top luxury real estate, concentrating on property listings over US$1.5 million. In 2007, the brand recorded more than 10,000 property transactions. With the rapid growth of the affluent class worldwide and the global expansion of the Sotheby’s International Realty network in strategic regions, the number of transactions is expected to rise in the near future.
Alongside its official business launch, Japan Sotheby’s International Realty has formed partnerships with domestic and international financial institutions that have proven track records for working successfully with domestic affluent clientele, and has promoted business partnerships with a major tax accountant network and key groups such as domestic real estate firms. By joining forces with these potent partners, Japan Sotheby’s International Realty will develop a unique and effective business strategy that is unrivaled and unprecedented in Japan.