30 Jun '14, 5am

S'pore buyers eye smaller London units, Singapore Property News, Singapore Property Guides

S'pore buyers eye smaller London units, Singapore Property News, Singapore Property Guides

An artist's impression of the Royal Wharf development along the River Thames. The Oxley Holdings project, located in a regeneration area in London's Docklands, has sold about 75 per cent of the units launched. -- PHOTO: OXLEY HOLDINGS Singapore buyers are still keen on London property but they are focusing more on smaller and cheaper units these days. Consultants CBRE found that 62 per cent of London property sales from Singapore in the first five months of the year were for units priced between £500 ($1,060) and £750 per sq ft. Only 21 per cent of the sales made in all of last year belonged to that price range. The number of units sold so far this year has not changed much from the same period last year but the total sales value has dropped 27 per cent. Mr Darien Bradshaw, CBRE's executive director for international project marketing in Asia, told The Sunday Times: "The v...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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Jun 30, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singapore’s total bank lending inched up by 1...