Battersea Power Station
Half of the units
allocated to Singapore-based buyers for the third phase of the Battersea Power
Station project were sold on the first day of its global launch.
The developer of
the £8 billion ($16.4 billion) project on the south bank
of the Thames began showcasing 539 of the
1,305 new Phase 3 homes at the St Regis Hotel on Friday.
buyers here were
mainly investors and prices start from £495,000 for a studio and £3.2 million
for a four-bedder, with penthouses priced on application.
Average pricing
is about £1,600psf. In comparison, Phase 1 homes had an average
price of £1,000psf and Phase 2, £1,800psf.
Most buyers from Singapore
The ambitious
development involves transforming the old Battersea power station site into a
complex of around 4,000 homes, 250 retail and F&B outlets and offices.
The 17ha project,
which is scheduled for completion in 2015, is owned by a consortium of Malaysian
investors - SP Setia, Sime Darby and the Employees' Provident Fund.
With over 4,000 homes in this project alone and at£1,600psf,
it is indeed ambitious... buying for investment and especially so for those
seeking short-term capital gains.
There was no lack
of interest at the sales launch of Australia
108, touted to be Melbourne
When completed in
2019, the freehold, 1,105-unit project in Southbank, near Crown Casino, will
stand tall at 319m.
Buyers were a
mixture of Singaporeans and foreigners. Construction is expected to begin next
year.
One buyervof a
one-bedroom unit yesterday said Australia
"It's in the
heart of the city and will be easy to rent out", he said.
Well, let's hope he is right. The wife and I did a
back-of-the-envelope calculation and with about 1,000 units of one- and
two-bedders in this development, not to mention similar-sized units from other
projects that are slated for construction within a 1-km radius of Australia
108, we reckon the judgement on the "easy to rent out" bit is still
out.
Info source: ST
No Comment to " Launch sales status: Battersea Power Station & Australia 108 "