Redrow Homes London, one of the UK’s leading residential and mixed-use property developers, has announced that it will launch the One Commercial Street mixed-use development project in Singapore on 18 and 19 February 2011 at Shangri-La Hotel.
“Large scale projects built by leading UK developers who can deliver high specifications, efficient layouts, landmark architecture and facilities such as concierge/security with good facilities are a huge draw to Asian investors and One Commercial Street certainly meets these criteria,” said Stephen Ho, Associate Director for International Properties at Colliers Singapore.
Featuring spectacular views of London’s historic skyline, One Commercial Street is a residential-cum-commercial project within a prominent 21-storey tower. It comprises more than 200 residential units and over 100,000 sq ft of Grade A office and retail space.
Ho said the project is expected to receive overwhelming demand from Singaporean investors due to its strategic location in Zone One, enjoying close proximity to both new and old financial centres, where a big number of potential buyers are present.
Prices for the residential units start from £330,000 (S$650,762) for a 379 sq ft studio apartment to £985,000 (S$1.94 million) for a 1,025 sq ft two-bedroom unit, while rental returns for retail and office space are expected to be between four and six percent.
The project also boasts a multitude of local amenities, such as bars and restaurants, as well as several well-known attractions, including the iconic London Bridge, Tower Bridge, Spital fields market and St. Katharine Docks.
With the upcoming London Olympics, sales for the project are expected to benefit from the excitement surrounding the global event.
“Location, location, location remains key and probably even more poignant within the challenging economic times that we are currently going through,” said Charles Calverley, Regional Director of Redrow London.
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