UK developer Weston Homes is launching a 119-unit development in the historic City of Cambridge to Singapore-based buyers this weekend.
Marketed by Knight Frank, the luxury Grand Central (pictured) comprises modern one- and two-bedroom apartments, duplexes and townhouses. Many units come with private gardens and outside spaces.
Prices start from £340,000 for a one-bedder measuring 553 sq ft.
Grand Central is close to bars, restaurants and supermarkets. Future residents will also be within walking distance to Cambridge Railway Station, which provides regular daily rail services to central London.
Although London remains the UK’s most attractive city amongst overseas buyers, investing in Cambridge is seen as an upcoming investment opportunity.
Considered one of the fastest growing cities in the UK, and known for its world-class university that attracts the best foreign students, Cambridge is also home to numerous global high-tech and scientific companies.
Weston Homes revealed that percentage house price growth is set to outperform London in the next five years. At the same time, rents in the city have risen 52 percent in the last five years.
“Strong rental demand from local professionals makes this an excellent prospect for buy-to-let investors,” added Knight Frank.
The 999-year leasehold project is expected to complete by early 2017.
The Singapore showcase for Grand Central takes place this Saturday, April 18, and Sunday, April 19 at the Four Seasons Hotel.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
