13 Jan '11, 10pm

Sterling bargains for Asian buyers

SINGAPORE - The falling British pound has made London and other properties in the United Kingdom a bargain for Asian buyers, and its little wonder then that property agents are beating a path here to sell real estate. International property consultants Savills yesterday offered 52 units of one of London's most iconic apartment buildings, Strata SE1, to potential buyers here for an average of £781 ($1,580) per sq ft, with studio units with a floor area of 34 sq m going for £230,000. Several penthouses of about 178 sq m are being offered at around £2.5 million each. Savills is also marketing these apartments in Hong Kong. Designed by BFLS, the same people who did London's famous Gurkhin, the 43-storey Strata rises 140m above the popular Elephant and Castle area. Its most striking feature is its trio of enormous integrated wind turbines at the top, the first of their kind in ...

Full article: http://www.todayonline.com/Business/Property/EDC110114-00...

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