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JLL Residential Research Report | August 2022

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2022 was a record-breaking year for Prime
Central London (PCL). Buyers spent almost &pound;5.2
billion on homes last year, 9% higher than in
2021, already a strong year, and the highest
amount spent for more than ten years. Even in
2014, when sales reached &pound;4.94 billion, 5% less
was spent than in 2022.<a href="https://res.cloudinary.com/drt5ol8ck/image/upload/v1673866400/videos/APAC%20Articles/JLL_PCL_Report_Q4_2022.pdf" target="_blank">Download report </a>

Prime Central London Report - Q4 2022

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Research indicates that this is due to the good experience enjoyed by many foreigners in Japan which is spreading by word of mouth overseas and accelerating the demand for long-term residences in Fukuoka.&rdquo;&nbsp;<div><iframe frameborder="0" src="https://www.youtube.com/embed/4iwqNJCw9zo"></iframe></div>&nbsp;As the fastest-growing major city in Japan outside the capital area, Fukuoka has been tempting workers and entrepreneurs away from the larger cities for decades through its lower prices and more relaxed lifestyle.&nbsp;Fukuoka, the largest city in Kyushu Island in southern Japan, is becoming one of the top tech start-up cities in Asia.Fukuoka is particularly attractive to investors due to its local and international transport connections. It is an economic and transportation hub on Kyushu Island.Tax breaks, relaxed visa restrictions and convenient international travel are making Fukuoka property highly sought-after by foreign investors.&nbsp;Rin Chiniku, Miyoshi Real Estate, explains:&ldquo;Rental trends in Fukuoka's real estate market remains positive.Statistics showing that more than 60% of people living in Fukuoka are renting properties. Rental demand is consistently high and this is reflected in the increasing average rental rates.&rdquo;&ldquo;We are seeing greater number of foreigners moving to Japan for education and advanced medical treatment, and they are also looking to rent or buy in the housing market. A number of these are choosing to reside permanently in Japan as well.This segment of the market is not a new trend and we have had similar demands before. However, these is a recent boom in foreigners moving to Fukuoka not for sightseeing or short stay, but with the intention of residing on a long-term basis.Research indicates that this is due to the good experience enjoyed by many foreigners in Japan which is spreading by word of mouth overseas and accelerating the demand for long-term residences in Fukuoka.&rdquo;&nbsp;&nbsp;As the fastest-growing major city in Japan outside the capital area, Fukuoka has been tempting workers and entrepreneurs away from the larger cities for decades through its lower prices and more relaxed lifestyle.It's especially popular with younger generations, fueling high demand for rental units in the inner city that continues to drive up property prices.&nbsp;Takahiro Yonei, Mitsubishi Jisho Residence, said:&ldquo;With the increasing population of young people comes increasing demand for family-type layouts such as 70-80 sqm layouts consisting of three or four bedrooms.This is paralleled with higher demand for 40-60sqm units due to the rising number of single professionals moving to Fukuoka for work.&rdquo;&nbsp;Designated one of Japan's Special Economic Zones, Fukuoka has more to offer than just a strategic location. With residential and office rents up to 50 percent cheaper than Tokyo, the international city offers attractive prospects for overseas property investment.Because of the tremendous social and economic activities in Fukuoka, investors can look forward to high rental yields. Fukuoka is an excellent choice to benefit the luxury of living while they invest in properties at a very low cost.&nbsp;For further information contact JLL International Residential directly at +65 6220 3888 or&nbsp;<a href="mailto:internationalresi@ap.jll.com">internationalresi@ap.jll.com</a>

Invest in Japan's Fastest Growing City - Fukuoka

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In recent years Scotland&rsquo;s major cities have established themselves as stand out performers in terms of residential investment and development. Edinburgh, and to a lesser extent Glasgow, have seen above average house price growth in the face of significant supply shortfalls.&nbsp;However, Scotland has faced political uncertainty since 2014 through the Scottish independence referendum and then Brexit. Remain has been the prevailing vote in both referendums with 62% of Scotland voting to stay in the EU - more than any other region in the UK.<a href="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1574752532/olmwebcontents/ip/prod/yqwywt0jackdcf3jyq40.pdf" target="_blank">Download Report</a>

Scotland Residential Forecast

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Once home to Britain&rsquo;s largest chemical manufacturer, this iconic 1920&rsquo;s building has transformed into one of London&rsquo;s luxury Grade II listed residential complex&nbsp;In the world of real estate, few places around the world could compete against the allure and the potential returns of a London property. It&rsquo;s no wonder when overseas investors focus on the U.K. property market, most &ndash; if not all &ndash; almost always find their way in the streets of London.And despite the growing concerns over Brexit, market forecaster Jones Lang LaSalle (JLL) sees a steady price growth in prime central London over the next two years &ndash; with 1% price growth in 2019, 2.5% per annum in 2020, and 4% per annum in 2021. Investors may also expect rental prices to soar from 0.5% in 2019 to .5% in 2021.One such area investors should focus on is Westminster &ndash; London's most prolific borough and the Capital's political epicenter.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335777/olmwebcontents/ip/prod/lgqvjypfs1v52skgbpxy.jpg" />&nbsp;Westminster boasts many famous landmarks including the Palace of Westminster, Big Ben, Westminster Abbey, and the Houses of Palace.What's more, living in Westminster puts you right at the doorstep of world-famous parks including Green Park, Hyde Park, St. James's Park, and Kensington Gardens.The borough is also home to prestigious educational institutions including London School of Economics and University College London.For travelers and business people who wish to explore the rest of London, Westminster is connected to the rest of the city with three underground stations namely Victoria, Westminster, and St. James' Park.&nbsp;And with the recent &pound;2bn regeneration scheme of nearby Victoria Station well underway, investors have more reasons to cash in on London's property market.In a 2018 article, Home and Property reported that new flats in regenerating areas are &ldquo;the best buy for the long term.&rdquo;According to the report, sales prices of apartments in large regeneration projects have risen by an average of 17% per year between 2012 and 2016 &ndash; a stark contrast to non-regeneration schemes in inner London (source: Home and Property).Plus, given that property prices in Westminster are set to rise by 31.9% by 2021 as per&nbsp;<a href="http://www.newsroom.barclays.com/r/3482/new_barclays_research_reveals_top_property_investment" target="_blank">Barclay's</a>&nbsp;latest research, future landlords may have the opportunity to see positive numbers from rental yields and capital growth.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One such property investment is Millbank Residences along the River Thames.&nbsp;This latest project from St. Edward Homes Ltd. includes a collection of one, two, three, and four-bedroom apartments, and penthouses constructed in a beautifully restored 1920's building once home to the Imperial Chemical Industries.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335842/olmwebcontents/ip/prod/kt74xgbhzr6q9hpu62if.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335869/olmwebcontents/ip/prod/bhasxcgbwlx1qojfzddr.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335881/olmwebcontents/ip/prod/xphwrrriqdhgyzz0omf6.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335898/olmwebcontents/ip/prod/lyjijacugmrj4akkwjyw.jpg" />&nbsp;&nbsp;Millbank Residences features a landscaped inner courtyard, a 24-hour concierge, state-of-the-art gym, swimming pool with spa and treatment room, private cinema screening room, meeting rooms, and underground parking.Stepping inside a Millbank Residence unit is like going back in time with a classical style which harkens back to the 1920s.The interior features engineered painted entrance and internal doors with carpet floor finishes to bedrooms.&nbsp;Polished chrome door handles matches the engineered timber floor finishes to hallways, reception rooms, kitchens, and master bedroom lobby area.The bedroom has a neutral palette finish and carpeted flooring for a relaxing ambiance.&nbsp;The unit comes with high-end K&uuml;ppersbusch kitchen appliances, free-standing washer, space-saving recycling bins, stainless steel 1 1/2 bowl under mount sink and polished chrome mixer tap.For safety and security, Millbank Residences installed a video entry system which residents can access via an individual apartment handset or screen.There's also a 24-hour CCTV which helps monitor the entire building.All units had smoke detectors and fitted with domestic sprinkler systems while apartment entrance doors feature multi-point locking, door restrictor, and spyhole.Investors who wish to take on this opportunity are protected with a 999-year lease plus a 10-year build warranty.Due to its prime location and SW1 address, expect this project to be filled out soon.&nbsp;For more details about Millbank Residences, you may&nbsp;<a href="https://internationalresidential.jll.com.sg/property-contact-us?source_listing_id=801445&amp;return_to=apartment-new/london/9-millbank&amp;transaction=new">enquire here</a>&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335908/olmwebcontents/ip/prod/yjopmjz6g70ixwe5imbn.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1551335919/olmwebcontents/ip/prod/bobygltlmp8dwmpveq7u.jpg" /><a href="http://images.interact.jll.com/Web/JLL/%7b56ff5645-dc93-4c53-9cf7-8860e9ccc9d4%7d_Millbank-Residences-Main-Brochure-JLL-SG-Low.pdf" target="_blank">Download brochure</a>&nbsp;

Millbank Residences: Luxurious Riverside Property in the Heart of Historic Westminster

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PRIVACY NOTICEJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.Generally the personal information we collect from you are for the purposes of dealing with your enquiry.We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our&nbsp;<a href="https://www.jll.co.uk/en/privacy-statement" target="_blank">privacy statement</a>.

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PRIVACY NOTICEJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.Generally the personal information we collect from you are for the purposes of dealing with your enquiry.We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our&nbsp;<a href="https://www.jll.co.uk/en/privacy-statement" target="_blank">privacy statement</a>.&nbsp;

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PRIVACY NOTICEJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.Generally the personal information we collect from you are for the purposes of dealing with your enquiry.We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our&nbsp;<a href="https://www.jll.co.uk/en/privacy-statement" target="_blank">privacy statement</a>.

JLL Residential Research Report | August 2022

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