London townhouses on show
Overseas property buyers and investors looking at London will get the opportunity to a rare townhouse launch in Singapore this weekend.
Real estate firm CBRE will be marketing a townhouse development in southwest London from developer Barratt London.
Putney Rise (pictured) near the top of Putney Hill offers picturesque views across west London towards the City. The low-rise development is set back from the road and includes 125 one-, two- and three-bedroom apartments and 30 three- and four-bedroom townhouses with private gardens and parking.
The first units for sale are a selection of one-, two- and three-bedroom apartments in Skylark Court with prices starting from 510,000, and a selection of three- and four-bedroom townhouses starting from under 1 million.
Sarah Nicholson, Director, International Project Marketing, CBRE Singapore said: It is a rare opportunity to have new townhouses, similar to Singapore cluster houses, in a London project launch in Singapore, but those that have launched here in the past have sold well and have gone on to find tenants easily.
It is an investment option that should not be overlooked by investors who have traditionally invested in the apartment market, as tenants who rent houses typically rent for longer periods compared to apartment tenants, resulting in fewer turnover of tenants and thus less cost. Less void periods for property owners means higher yields.
Putney is a prime residential area in London popular with young professional British families because of the proximity to excellent schools, the River Thames and numerous cafes, restaurants and shops.
Transport for London has graded Putney in the top category for accessibility by public transport due to the mainline station, two underground stations, 15 bus services and river taxi.
The Singapore property exhibition for Londons Putney Rise takes place on Saturday, April 18, and Sunday, April 19 at Regent Hotel, Grange Room.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
More from PropertyGuru:
Leasehold cluster home prices outperformed in 2009-2013
Keppel Land Q1 profit down 17.2%
New tactics for Sydney investors
SOHO, so good
