By Romesh Navaratnarajah: Spurred by the robust sales of London homes to international investors, the Highwood House development (pictured) in the exclusive neighbourhood of Fitzrovia in the West End will be showcased at an exhibition at The Regent Singapore from 22 to 24 February.
Developed by Oakmayne and Marcus Cooper Group, the boutique project comprises just 18 apartments and one luxury duplex unit.
Meanwhile, the area around Fitzrovia integrates residential, business, education, retail and healthcare facilities into one centrally-located enclave.
Highwood House is within close proximity to Westminster University as well as the British Museum and British Library. It is also linked to five underground stations.
International sales have ramped up activity in many London developments, taking advantage of the city's healthy rental market.
"Nearly all the London projects have benefitted from sales from overseas buyers, as South East Asia continues to play a key role on the early stages of release. This is essential to give large developments a boost from the outset. With a substantial volume of units to sell over a long period of time, it is important to establish confidence in the scheme from the beginning," said Stephen Ho, Director of International Project Marketing for Asia at CBRE.
"This trend is encouraging given the number of large – and indeed strategic – sites coming forward, which can help unlock housing delivery on scale in the capital." Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email firstname.lastname@example.org Related Stories: EcoHouse attracts S$30m in two days
Agents targeted by email scammers
Island hideaway sold for more than S$4.75m