The Battersea
Power Station project team will showcase 539 of the 1,305 new homes in
Phase 3 of the development at the St Regis Hotel in Singapore from Oct 31 to Nov 2.
The remnant units
from earlier phases will also be available for sale this round. Everything,
save for a handful of penthouses in Phase 1 that are gradually being released
into the market, and the last few remaining units from Phase 2, have completely
sold out.
Pricing for the
homes was also released on Tuesday.
Studio apartments
start from £495,000($1.02 million); one-bedders from £590,000;
two-bedders from £1.2 million; three-bedders from £1.9 million
and four-bedders from £3.2million. Prices for the few penthouses
are available on request, but information on the unit sizes or per square foot
prices is not available.
The £8 billion Battersea
Power Station project, on the south bank of the River Thames, has been
labelled the "jewel in the crown" of central London's regeneration
area by UK Prime Minister David Cameron.
But a proposed
annual "mansion tax" on UK properties valued at £2 million
which may kick in next year, or rather the confusion surrounding the matter,
has dampened enthusiasm for properties priced around the £2 million
mark.
This is because
the tax is "by no means certain - either the level of taxation, how it
will be calculated and collected, or when it will come into being".
Another pitfall
of buying London
properties now could be that a lot of flats are currently being sold for
investment, so there will be a huge number coming onto the rental market at the
same time.
The Battersea
site is owned by a Malaysian consortium comprising SP Setia, Sime Darby and the
Employees' Provident Fund.
Info source: BT
The wife and I just have two words to
offer... Caveat Emptor.
But this should be interesting enough for a drop by at the St Regis just to take a look-see, if you can spare the hour or two this weekend.
But this should be interesting enough for a drop by at the St Regis just to take a look-see, if you can spare the hour or two this weekend.
Here's an informative video on the vision of Battersea Power Station redevelopment by Rafael Vinoly, the Master Planner of the project.
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