Berkeley Homes Aims London Homes at Asian Property Investors

March 12, 2009 | By admin In property investment opportunities |

Berkeley Homes aims Asian property investor continue buying investment property at london homes. Berkeley Homes is targeting property investors in Malaysia, Singapore and Hong Kong for the sale of its projects in central London.

Berkeley Homes is a UK property developer founded in 1976 committed to providing quality london homes, new builds houses and new apartments for sale in London and the South East. Berkeley Homes has unrivalled expertise in creating sustainable communities within complex regeneration schemes on Brownfield sites. Although the location, size and complexity of sites vary, Berkeley Homes always delivers superbly designed and built homes.

The 125-year leasehold properties, high-rise properties comprising 292 apartments are collectively known as City Quarters.There are four blocks of buildings in City Quarters and known as Times Square and two buildings known as the Sugar House and Hoopers Yard.

In the past two months, the London property market has attracted much attention from overseas property investors.There is reason behind.

Property Prices for Penang property market may dip ~10%, UK property prices have dropped between 15% and 20% since 2007. The interest rate for housing loan has also come down to 0.5% while the rental yield is about 5% annually.Furthermore, the pound has weakened by about 25% compared with a year ago.

Berkeley Homes had promote City Quarters at the G-Hotel in George Town, Penang on 7th & 8th March. So far, eight property investors from Malaysia have paid deposits for the london homes in City Quarters, And Berkeley homes has sold about 70% of the properties.

The apartments are priced between £345,000 for a one-bedroom 500-sq-ft unit to £1.8mil for a three-bedroom 1,850-sq-ft unit.There are also 1,150-sq-ft duplexes with two bedrooms priced at £850,000.
The london homes, which are gated, come with concierge and night porter services, landscaped water gardens, courtyards and underground car parking bays.

The Times Square buildings, comprising 205 apartments, and the 45-unit Hoopers Yard building are completed. The 42-unit Sugar House is a 19th century Victorian building that is being refurbished for completion in August y2009. The Sugar House designed to have high ceilings and a grand entrance staircase.

Buying investment property in Malaysia or oversea are given good respond from property investors. Selling of London Homes in Penang proved it. Upcoming property fair will be launch in April is Australian property Fair. Australia & UK Property Development are offering property investment opportunities to Asian property investors.