Barratt Homes sets its sight on buyers in Asia to move new product launches
London property market has re-calibrated to its stable point with credible real estate developers like Barratt Homes re-targeting Asian buyers to up-sell their development in the pipeline. International buyers, mainly Asian, In recent quarters, have been main driving force behind the property market in London as local demand flagged due to increasing mortgage rates. Barratt Homes is a one of the successful real estate developers in London with strong record of real estate exemplary portfolios. Over the last five years, an estimate completed 200 new apartment homes has been delivered by the developers. Barratt Homes is eager to spread their business to Asia Pacific-based investors this year who are willing to tap on the currently attractive exchange rate to add on London properties to their existing portfolios.
UK Overall inflation has disappeared to an “sensible” quantity of about 6.4 percent with heartwarming balance pointing to a continuation decline trend, says Steve Thompson, found and partner of Barratt East London, a regional office of Barratt Homes. the UK real estate price however began to average out since beginning. “Many market lookers, domestic buyers and international investors were shocked with the price last year where residential property prices across the UK started to crash. But we are at a point where prices are starting to become sensible,” says Craig Carson, managing director of Barratt West London. foreign buyers have to pay a 60% additional buyer’s stamp duty (ABSD) since April 27 in Singapore. Singaporeans acquiring their second residential property will have to pay 20% ABSD, and 30% on their third and additional purchase. Some investors have henceforth swapped their attention to the UK.
The UK developer will commence its Sterling Place project in Asia on October 14. One Global is engaged to be the marketing agent for Singapore. Sterling Place is a 456-unit new project located in New Malden, an area southwest of central London. This will be the UK developer maiden launch in overseas. On top of that, Barratt Homes is presenting forty-two new units at its project in Bermondsey in London’s Zone 2 district. The project, called Bermondsey Heights, is a 163-unit 26-storey development.According to Thompson, the median transacted price of GBP800 psf ($1,327 psf) for Bermondsey Heights is viewed “the most affordable price for a new residential development in Zone 2”. The median transacted price is equivalent to new projects outside Central London, he says. The forty-two units offered for sale in Singapore will be a mix of one- to three-bedroom apartments on the top six floors of the 26-storey tower. Barratt Homes has made a name for itself by recognizing areas throughout London that have opportunity for future rejuvenation and this was exactly what the real estate company had identified at Bermondsey, says Thompson.
The Arden Condominium Price Singapore