25 Feb '13, 1pm

Cooling measures in Singapore have prompted investors to look for London property

Cooling measures in Singapore have prompted investors to look for London property

Investors have been discouraged by the harsh property cooling measures that were imposed in Singapore last month. They have since steered their interest towards overseas projects – London, among many others. As a result, London property developers are spurred on by strong demand from local buyers to continue launching units in Singapore. Highwood House, one of the latest launches marketed by CBRE, is a boutique development of 18 apartments and 1 duplex. The project is strategically located in Fitzrovia in London’s West End. It would be launched during the coming weekend with prices ranging from £589,000 (S$1.1 million) to £1.25 million (S$2.4 million). Another project undertaken by CBRE, Fulham Riverside is located on the north bank of the Thames. The project was launched here last month, with prices ranging from £450,000 (S$862,000) to £2 million (S$3.8 million). ...

Full article: http://www.iproperty.com.sg/news/6395/Cooling-measures-in...

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