Singapore remains a key market for Barratt London due to the strong demand from investors here for London property.
Last month, the group launched its latest project, Aldgate Place in the city-state, with keen interest seen for the one- to three-bedroom apartments ranging from 538 to 1,247 sq ft.
A number of the investors were repeat buyers who had previously purchased from the developer.
Prices start from £630,000 for the one-bedders.
Located within Aldgate in Zone 1, the development comprises a total of 313 residential units. Most of the apartments offer private balconies or winter gardens.
Commenting, Gary Patrick, Regional Sales Director, Barratt London, said: “Many of the Singapore-based investors were drawn to the area for the capital growth it is expected to achieve and also because of its close proximity to the local entertainment cores of East London. The introduction of the Crossrail in 2018 will no doubt support these investment predictions as well as the area’s ongoing regeneration.”
Meanwhile, latest forecasts by Hamptons International state that prices in Greater London are likely to grow by 15.5 percent in 2014, up from the previous estimate of seven percent. The value of prime property in the capital is set to rise by 10 percent this year.
Image: Artist’s impression of Aldgate Place.
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
