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JLL to launch Berlin project in Singapore

angela.teo@bizedge.com
Updated

Demand for residential property in Berlin has increased because of economic expansion and strong population growth, says a recent report by JLL on the city’s property market. And, demand has been exceeding supply.

In light of this, JLL has acquired Zabel, a German property firm with offices in the German capital and Frankfurt. Additionally, JLL will be launching part of a 179-unit residential project, Luisenpark (below), Berlin-Mitte, at Grand Park Orchard, on the weekend of July 22 and 23.

The project comprises two blocks — the 84-apartment Parkside House, to be launched on the aforementioned weekend in Singapore, and the 95-unit Cosmpolitan House, which will be launched later. Prices at Parkside House start at €350,000 ($550,496) for a 631 sq ft one-bedder and €699,000 for a 1,311 sq ft four-bedder. The entire development is expected to be completed by end-2019.

Luisenpark, Berlin-Mitte
Luisenpark, Berlin-Mitte
Source: JLL

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