No decline in love for London

PropertyGuru

8 September 2014 at 8:07 pm

Any thoughts of a decline in interest in London from Singaporean property buyers and investors were brushed aside last weekend when two prominent developments from the United Kingdom capital showcased in the city-state. Although Doris Tan, Director of International Residential Sales at Singapore real estate agency JLL admitted August had been traditionally quiet, she told PropertyGuru her calendar was completely booked with overseas projects especially from London for the rest of the year. Tan and her team was marketing Principal Tower in Londons EC2, and had attracted what Tan described as double-digit sales by early on Sunday afternoon. Also attracting significant attention was The Landau (pictured) in Fulham, SW6 which was being marketed by Colliers Singapore. Jon Hall, Sales and Marketing Director for join-developers Mount Anvil, told PropertyGuru: The United Kingdom is the main market for London properties at the moment, but Singapore, Hong Kong, Dubai, Mainland China and increasingly Malaysia are the places we need to be to sell overseas. Richard Levine, Director for International Properties Southeast Asia, reported he was equally busy with London projects and noted his company had the best six-month period for overseas properties ever. Prices at both London developments started close to the S$2million mark, and both were making their first venture overseas to Singapore after opening sales in their home country. 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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