The Lancasters development (pictured) in London has gained strong interest from international buyers who are drawn to its classical facade, luxury interiors and prime location overlooking Hyde Park.
With around 90 percent of units sold, the high-end project by UK developer Northacre Plc has received notable attention from Asian purchasers, including Singaporeans and Hong Kongers looking to become owner-occupiers.
At the same time, there has been a significant increase in the number of enquiries from European buyers in Greece, Spain, Italy, France and Portugal over the last few months. Unlike other high profile developments that attract investors who do not intend to live there, the majority of buyers bought apartments at The Lancasters for owner-occupation.
The Lancasters boasts fine architecture, amenities, services and 24-hour security. In addition, it is within close proximity to the city’s transport links as well as the West End, Kensington and Notting Hill areas.
Units still available for sale include studio apartments sized at 640 sq ft and priced at £900,000 (S$1.8 million), 1,050 sq ft two-bedroom apartments for £2,500,000 (S$5 million) as well as three- and four-bedroom apartments from £7,950,000 (S$15.9 million).
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