Chelsea Creek to launch new phase in Singapore

By Romesh Navaratnarajah: The Tower and Countess House, the latest phase of the exclusive Chelsea Creek development (pictured) in London, will be launching in Singapore from tomorrow till Sunday (1 - 3 February) from 11am to 7pm at the St Regis Hotel.

The exhibition is targeted at Singaporeans looking for overseas investment opportunities in view of the recent property cooling measures.

Nick Hutchings, Managing Director at St George Central London, the developer, said: "With Chelsea Creek proving so popular, St George is delighted to announce the launch of The Tower and Countess House. We are offering a prestigious level of contemporary living within prime central London."  

The development provides European-style waterside living, with some apartments offering access to private pontoons.  

At The Tower, 44 exclusive apartments overlooking views of the city's skyline and waterways are available, while the neighbouring 29-unit Countess House comprises contemporary apartments and penthouses.

Both offer a choice of one- to three-bedroom units equipped with kitchens, bathrooms and air-conditioned living spaces. Residents also get exclusive access to The Spa, which features a heated indoor swimming pool, sauna and gym.

Moreover, Chelsea Creek provides 24-hour concierge, managed car parking, as well as shops, bars, restaurants and other leisure facilities.

Centrally located, the development is near excellent transport connections and is within walking distance of the fashionable Kings Road.

According to Linda Chern, Director International Project Marketing at Knight Frank, the latest property curbs rolled out by the Singapore government has "indeed encouraged well-heeled and discerning investors to turn their attention towards investment opportunities abroad, especially in cities like London".

"The attraction of overseas investment in locations like London boasts strong fundamentals as well as added attractions such as a top education destination."

She noted that prime central London homes are now priced 53 percent higher than in March 2009 and 16.5 percent up compared to their previous market peak in 2008, making them ideal for investment. Likewise, there is strong capital appreciation and demand for rentals. Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg Related Stories: Boom time for Philippines property industryAlmost 50% of London units sold unbuilt

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