Clarence Court in London beckons
FOR savvy investors in Singapore, properties in prime central London are a perennial favourite.
The city came out tops for foreign real estate investment opportunity in a survey by the Association of Foreign Investors in Real Estate this year, beating out last year's winner, New York.
And many new developments in the British capital continue to draw investors here, especially in the light of the prohibitive property cooling measures in Singapore.
One new project poised to hit the market is British real estate firm English Rose's boutique development, Clarence Court.
Located on The Strand, the building sits alongside major landmarks such as the Savoy Hotel, and arts and cultural centre Somerset House.
Besides proximity to London's key employment hubs and some universities, the shopping and dining areas of Covent Garden and theatre district West End are close by.
Transport is a breeze for those living there, with the nearest train station, Charing Cross, just a three-minute walk away.
The 16 individually designed apartments in the refurbished building feature quality finishes, such as fully fitted kitchens with integrated appliances, as well as underfloor heating and comfort cooling systems.
The apartments range from studio to one-, two- and three-bedders, and prices begin at £899,000 (S$1.9 million).
Rental yields are projected to start from 3.3 per cent, with possible tenants being working professionals and international students.
English Rose and CBRE will be hosting an exhibition to launch Clarence Court at The Regent Singapore this weekend. It will be held in Boardrooms II and III, from 11am to 7pm.