Archive for category: Misc

Residents of Tampines Ave 11 Condo UOL Group are spoilt for choice when it comes to amenities. They include shopping malls, dining options, parks, and educational institutions, all within easy reach. Prospective buyers now have the opportunity to purchase a luxurious and comfortable home in an upcoming, vibrant and much sought-after area, presented by UOL Group. Furthermore, the condo has been designed with families in mind, with larger units able to accommodate four bedrooms.

investment

Overseas buyers have already left an impact on the London housing market, according to the latest residential market report by London Central Portfolio (LCP). Managing director of LCP, Liam Monaghan, noted that in the last three months, the region’s apartment market increased, whereas houses in PCL, Greater London and England and Wales saw no big changes. He attributes the rise to the return of buyers from Asia and the Middle East.

Domestic demand, however, is being hindered by rising mortgage and inflation rates. Property owners have also started listing their properties for sale due to the termination of fixed-term mortgage schemes and higher interests rates. Monaghan advises that cash buyers make use of this opportunity to invest as the autumn market has already shown more properties being listed.

For the so-called Prime Central London (PCL) area, prices are still 8% below the peak seen in 2015, yet they are on an upward path. In the last quarter, some London neighbourhoods, such as Knightsbridge, South Kensington and Belgravia, experienced the strongest y-o-y price growth, increasing by 2.1%, 1.9% and 1.8% respectively.

Monaghan also highlighted the fact that after the Covid-19 pandemic, there has been a move back to the city, as well as a surge in foreign visitors due to the start of the school term and the seasonally busy period in Autumn. He believes that this could lead to further price increases in the 4Q2023 and 1Q2024.