Regional Reach
Jakarta is about 90 minutes from Singapore by private jet, and Hong Kong about three and a half hours. Inspections across the region can fit inside a single week.
About Damark Group
Independent Representation for Private Buyers
Damark Group advises individuals and family offices acquiring luxury assets in Singapore and internationally.
We act solely for the buyer.
The Case for Buy-Side Advice
In the yacht market, sale commissions are customarily set at around 10% of the price and paid by the seller. A broker who introduces the buyer is typically remunerated from that same commission, which links their income to the final price.
The same pattern recurs across most luxury markets. Where the asset is a residence or an aircraft, the intermediary presenting it is usually pad by the party selling it.
Damark Group was established to offer buyers an alternative. Our fee is agreed with and paid by the client, so our advice carries no interest in a higher price.
Why Clients Retain Damark Group
Independent Specialists
Surveyors and authenticators are appointed for each mandate and report directly to the client.
Limited Mandates
Damark Group takes on a set number of active mandates, so every client has senior attention from consultation to handover.
Cross-Border Coordination
A painting may be acquired at auction in Hong Kong for a collection kept in Europe. We arrange the export and insurance that follow the sale.
Fee Structure
Conventional buyer brokerage and a Damark Group engagement differ on four points.
| Conventional Buyer Brokerage | Damark Group Engagement | |
|---|---|---|
| Source of fee | A share of the seller’s commission | Paid directly by the client |
| Effect of a lower purchase price | Reduces the broker’s fee | No effect on our fee |
| Fee disclosure | Varies by transaction | Stated in the engagement letter |
| Payments from sellers | Customary | Declined |
A sample engagement letter is available on request ahead of an initial consultation.
Selected Transactions
Recent transactions reflecting the areas in which Damark Group works.
Confidentiality
Project Codenames
Each mandate is assigned a codename. The client's identity is recorded in the engagement letter and kept out of all working documents.
Secure Communication
We correspond through the encrypted channel of the client's choosing for the duration of the mandate.
Data Protection
Damark Group complies with Singapore's Personal Data Protection Act 2012, which governs the security of personal data and its transfer outside Singapore.
Records Retention
When a mandate is complete, records we no longer require are securely deleted or returned to the client.
Our Services
Engagements range from a single acquisition to an ongoing retainer.