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From Hong Kong to Beverly Hills 90210

10/8/2020


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One recent deal closure involving both Engel & Völkers in Hong Kong and Engel & Völkers in Beverly Hills, California, demonstrates particularly well just how incredibly valuable the Engel & Völkers global referral system is for the network.

A Singapore-based family approached Chris Liem, Licence Partner of Engel & Völkers Hong Kong, after he was recommended by several government officials from both Singapore and Hong Kong.

“I have good contacts with family offices in Asia and with the Singapore Consulate, a broad network with the established families in Asia,” said Chris Liem. “In this case, I advised the owners on their properties, as well as providing support on financial, strategic and business matters. Because they were looking to sell their property in California,  I referred them to Engel & Völkers Beverly Hills.”

 On America’s West Coast, Real Estate Agents John Steiner and Derek Cardoza connected with the client to offer support and strategic guidance. “The property at 1008 Benedict Canyon Drive presented some challenges for real estate agents,” said John Steiner. “It had been refurbished, but not to the standard expected by a Beverly Hills buyer. We developed a plan for both the property and its brokerage that reflected the owner’s wishes and resulted in their agreeing to list with us.”

To address the property’s shortcomings, John Steiner and Derek Cardoza put together a creative team of experts, including landscapers and interior designers who elevated the property’s overall appeal. The home’s bright, open floor plan is set over an interior space of approx. 537 m² and comprises five bedrooms, six bathrooms on a plot of more than 2,000 m² with resort-style gardens and recreational areas. 

Key to their success was consistent communication and involvement with the sellers. “We were always on the same page. Despite the COVID-19 situation, everyone involved worked so professionally and quickly that we managed to put up a For Sale sign in the front yard even earlier than we’d anticipated,” said Derek Cardoza.

In addition, the E&V Beverly Hills team placed online ads and filmed a high-quality video showcasing the property:


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The buyer is based in Beverly Hills and reached out to the Engel & Völkers shop after finding the property online. The home’s proximity to the famous Beverly Hills Hotel and good schools, in addition to its size and elegance, were exactly what the buyers were looking for, The estate changed hands for 9.4 million US dollars, which is approx. 8 million euros. 

“Few places demand the quality of home and client satisfaction as Beverly Hills. The success of this deal speaks to the incredible benefits that the Engel & Völkers global network offers to every buyer and seller. The smooth closure has surprised the industry,” revealed John Steiner. “It was among the highest in 2020, reinforcing the prestige of one of the most famous and desirable zip codes across the globe.”

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