28 Nov '12, 11pm

British developer unveils ambitious project #PR

Property values in London will likely surge due to an expected undersupply of new homes in the capital. In fact, Savills Research predicts an overall shortfall of 50,000 new units by 2016. In the city’s central district of Victoria, prime property prices will likely rise by around 48 percent, said Knight Frank. With that in mind, overseas property investors seeking good capital appreciation may consider the upcoming Kings Gate development in Victoria (pictured ), which is being developed by UK firm Land Securities. According to the developer, 100 premier residences will be built within a 14-storey block in the East Building of the project, comprising studio units priced from £650,000 (S$1.27 million) and penthouses costing up to £10 million (S$19.55 million). Built-up areas range from 471 sq ft for studios and 3,460 sq ft for penthouses. “Kings Gate is an iconic developmen...

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

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