Another weekend, and another London property attempts to tempt Thailand-based London property investors.
One of our predictions this year was for more U.K. properties being showcased in Bangkok this year, and this is one that is certainly coming true.
This weekend (March 10-11), Malaysian conglomerate AlloyMtd Group will launch residential sales of the South Tower at One Crown Place, a major new mixed-use scheme in the heart of London.
According to CBRE, the real estate agency marketing the London property, Thai buyers will be the first in Asia to take advantage of its exclusive new unit release.
The “exclusive” sales exhibition will be taking place at Anantara Siam hotel in Bangkok, and registration can be obtained through CBRE.
The London property in the historic Sun Street conservation area will provide 246 apartments, a boutique hotel, premium office space, retail units and a historic Georgian terrace that will be fully restored as part of the scheme.
Prices start from THB 39.5 million (GBP 888,000) for a one-bedroom apartment.
First residents are expected to move in to One Crown Place on completion at the end of 2020.
According to the developer, the main reasons Thai and other investors from around the world prefer to invest in London property and real estate is that it is a safe haven with a transparent legal system, having a time zone well-positioned for international communications and commerce.
The number of Asian investors in London property has also increased markedly due to changes in the exchange rate of the British pound.