Elephant Park sales in Singapore
Singapore property buyers and investors will be able to learn more about a new development in one of London's up-and-coming areas at an exhibition in the city-state this weekend.
Integrated property developer Lend Lease is set to launch 360 new homes which form part of the regeneration of the Heygate Estate in Elephant & Castle. These new units represent the first phase of the Heygate Masterplan – now named Elephant Park – which received outline planning permission from the local council last year.
This first phase of Elephant Park includes homes ranging from three-storey houses to a 16-storey tower with one-, two-, three- and four-bedroom houses that will provided with a bias towards larger family homes.
All homes will include a private balcony, terrace or private garden and residents will also have access to a rooftop terrace, offering views of the London skyline, including Canary Wharf.
Singapore sales of Elephant Park, in association with real estate agency Colliers, will start on Saturday, April 11 and Sunday, April 12 at a property exhibition at The Regent Hotel. Guide prices for the first release start from £380,000 for one-bedroom units and £460,000 for two-bedroom apartments.
Pascal Mittermaier, Lend Lease's Project Director for Elephant & Castle, said: "Elephant & Castle is fast-becoming one of the most sought after places to live in London and the homes we are creating at Elephant Park will be some of the most sustainable and energy efficient ever built in Britain.
"In addition to the new homes we are delivering here, the Masterplan will also create Central London's largest new park in 70 years and will implement significantly enhanced transport infrastructure.
"The rapid transformation of Elephant & Castle demonstrates Lend Lease's ability to deliver some of the most complex and large-scale urban regeneration schemes in the world."
Elephant Park's Zone 1 location makes it one of the best-connected places in the capital. In addition to two underground lines, it also benefits from proximity to a mainline train station and 28 bus routes. It is a six-minute tube journey to the City and 11-minutes to the West End.
This latest milestone builds on the strong progress that has already been made at Elephant & Castle, including the successful launches of Lend Lease's first two residential developments last year. One The Elephant, a landmark, 37-storey tower comprising 284 new homes and Trafalgar Place – a 235-unit development – are both now under construction. Both sold well to Singapore property investors.
In addition to the regeneration of Elephant & Castle, Lend Lease is also delivering The International Quarter – the new £1.3 billion commercial district at Stratford City in the Olympic Park that will include 320 new homes. Lend Lease also won planning permission last year for two new sites in Battersea that will provide another 200 units.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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