Sotheby's International Realty Affiliates has announced an agreement with List Holdings Singapore to develop the Sotheby's International Realty brand in the city-state.

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

The new company is expected to open its first office in Singapore during the second half of 2016.

«Singapore is a global financial center making it an attractive market for international buyers, Hisashi Kitami and his team share our brand's core values and commitment to providing the highest levels of service,» said Philip White, President and Chief Executive Officer of Sotheby's International Realty.

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.