20 Feb '14, 3am

#UKREBubble #GlobalREBubble 'No Asia Sales For Battersea's Second Phase' via @SGPropertyGuru

The move will come as a blow to overseas property investors in the region who are keen to purchase at the development, although the move highlights the growing resentment in London over the number of foreigners buying property there. Earlier this year, a number of high profile U.K. property developers signed a pledge not to market their projects overseas before offering U.K. buyers the chance to purchase. The second phase of Battersea Power Station will feature 250 apartments and will go on sale on May 1. Buyers can register now but will have to attend sales appointments at the development site itself. In a statement, the developers confirmed that Londoners: “… will finally be able to buy a piece of the power station”. They also confirmed there would be no property exhibitions in Asia even if U.K. sales slowed. In a statement, Rob Tincknell - Chief Executive of Battersea P...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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