Given how unique and trendy they are, Soho apartments are proving popular with buyers. They are ideal for those who want to work from home, along with urbanites who enjoy city living.

 

So what exactly is a Soho apartment?

The term stands for Small Office, Home Office (Soho) which highlights perfectly their dual use of being a comfortable place to live in while also providing plenty of space to work in.

Feature-wise, Soho apartments tend to have high ceilings similar to loft-style apartments. With this generous vertical space, you can customize your living and working areas according to your needs and likes. Some buyers install platform beds high up and have their office space below.

 

Why are they so attractive?

Our working lives are becoming more flexible and many more people now have the opportunity to work from home on a regular basis. This was a trend before Covid-19 and has now accelerated as employees are given the freedom to work more from home.

Others who are self-employed or run their own business may choose to work from home permanently, along with freelancers and those working in the gig economy. This means that more and more of us are using our homes as offices.

Listen to our podcast to find out more about how this trend is taking shape (click here to listen)

A Soho apartment offers the best of both worlds. Ample working space and the flexibility of being able to live there too. They are also attractive to urbanites – people who enjoy living in or very close to the city centre as most Soho apartments are built in these areas. Having the city on your doorstep and all its amenities like shopping malls, cinemas, bars and restaurants can be hugely appealing.

 

Why buy one?

Soho apartments are considered value for money given their sought-after city locations and combined usage as a comfortable living and working space.

Plus, having that vertical space gives you a unique opportunity to get creative. You may want to install full-length wall bookshelves with rolling ladders. Or you could put in wall mounts to hang up your bikes to save floor space. You could even set up a projector screen on one of the high walls for home movies.

Another attraction to Soho apartments are the facilities normally included within the development. These range from private meeting rooms and lounges, which makes life even easier for you whether you are working, playing or socialising.

Widya Lesta, Head of International Residential, Singapore, said: “Soho apartments are really hitting the sweet spot right now given the rising number of people who are using their homes as offices. It is a trend that is likely to be long term as the future of work changes and becomes more flexible.”

 

Where are they being built?

While Soho apartments and loft living are normally associated with New York’s Manhattan district, this popular property type has now popped up in virtually every major city across the globe. In Asia, Soho apartments are proving a big hit with young people, urbanites and those who are part of the gig economy – working flexible hours and locations.

In Japan, we are working with property developer Keihan Real Estate which is building a 12-storey residential development in Osaka’s trendy Nishi district. It will include studio apartments, one-bedroom and two-bedroom units and should be completed by early 2021. Osaka is one of the fastest growing cities in Japan but average property prices are about 30% cheaper than in Tokyo.

 

If you want to know more about Soho apartments and buying opportunities, please register for our webinar on 24 August 2020 at 5pm

 

Email: internationalresi@ap.jll.com, JLL International Residential Business Line: 96719583 (Whatsapp/SMS/Call)

12 Aug 2020

Thank you for joining the webinar on the London residential market and special preview of TwelveTrees Park, London.

It was great to receive so many questions during the session and apologize that not all the questions submitted were answered due to time constraints. Please find below those questions and our answers for your reference.

 

1. Is there financing available both in Singapore and in the UK? Are the banks offering interest only loans? What is the loan to value ratio available?

Yes, there is financing available from Singapore banks. UOB for example can lend in either Sterling Pound or Singapore Dollars. They can provide financing of up to 70% LTV (subject to application and approval by the bank). Financing in the UK to non-residents and/or foreign purchasers is widely available (rates and LTV levels vary from lender to lender). We recommend speaking to a mortgage broker to ascertain the best solution for you. Contact your sales consultant who would be delighted to make the introduction.

 

2. Will price soften further once the mortgage holidays end and a hard Brexit at end of the year?

The London residential market has re-priced over several years already as a result of several tax changes and 2016 Brexit referendum. The interest rate environment is very different to that in 2007, and supply and demand have fallen and risen in unison. The market is showing signs of a shallow recovery, building on the pickup in activity following the general elections in 2019, as pent up demand built over the period prior being released.

 

3. A 3-4% yield will generate a negative cash flow, therefore is it a capital appreciation play?

Often in established markets, if buyers chose to maximize loan to value ratios on their mortgage, there will be a slight top-up. Rental income from your tenant generally covers most of your mortgage and operating costs such as maintenance fees, leasing and property management fees. In short, your tenant effectively will be paying most of the holding costs to own the property, with capital growth potential determined by location, accessibility & connectivity, access to rental catchment and a futureproofed development.

 

4. What is the payment timeline?

  • A non-refundable reservation fee is payable on reservation:
    • deposit for Studio & 1 bedroom apartments
    • deposit for 2 & 3 bedroom apartments
    • deposit for Penthouse apartments
  • Exchange of contracts to take place within 21 days of reservation with a down payment of 10% of the purchase price payable (minus the reservation fee).
  • A further 10% of the purchase price is payable 12 months from exchange.
  • A further 5% of the purchase price is payable 24 months from exchange.
  • Balance of 75% is payable on completion.

 

5. Is this Zone 2?

The location is a Zone 2 / 3 within the E16 postcode in the London Borough of Newham. The zone system is used to identify the fare one would expect to pay when using the trains. Travelling towards the City from West Ham Station will be in Zone 2, whereas if you were to travel further east, that would be fare zone 3. It is also worth noting that this system means you’ll always be paying the lowest fare.

 

JOIN US FOR THE EXCLUSIVE TWELVE TREES PARK EVENT

Date: Thursday 13th to Sunday 16th August 2020

Time: 10am to 6pm (By appointment only)

Venue: Berkeley Group – Singapore, 10 Marina Boulevard #16-04, Marina Bay Financial Centre Tower 2, Singapore 018983

 

Register here: https://internationalresidential.jll.com.sg/event-calendar/16/aug/2020/twelvetrees-park

For more information please contact JLL at +65 9671 9583 or internationalresi@ap.jll.com

 

10 Aug 2020

Ho Chi Minh City’s CBD skyline will be getting an exciting update in 2022 when Hongkong Land completes construction of The Marq, its newest luxury development in the heart of the city.

The long-awaited project is a combination of a desirable central location, luxurious interior provision and built by a renowned regional developer.  

Located in the heart of District 1, Ho Chi Minh City, Vietnam, the development will provide 515 opulent residences comprising one- to four-bedroom condominiums and penthouses offering stunning views of Ho Chi Minh City and a true luxury lifestyle for discerning investors.

 

“Our investors are seeking properties with reasonable appreciation potential and stable rental yield in Vietnam”, said a brokerage agent who is currently marketing the project.

“Demand for a condominium in central locations in Ho Chi Minh City has always been high because the supply is limited due to the scarcity of land bank in the city centre. With its location in close proximity to Grade A office buildings, consulate general offices, historical places and popular shopping and entertainment destinations, The Marq is expected to be in high rental demand in the future. Apart from local demand, we have also had potential customers reaching out to us from overseas to enquire about The Marq.” 

 

 

The demand is not so surprising if you look at the design and interior provision: up to 3.2-m high ceilings, marble floors in living and dining rooms, marble floors and walls in all bathrooms, marble kitchen countertops, branded kitchen appliances, branded sanitary wares and fittings.

Selected units have a double-height ceiling in the living and dining rooms, separate service entrance, imported kitchen cabinetry and private lift landing. Residents on lower floors may still enjoy sweeping views of downtown Ho Chi Minh City while chilling out, exercising or swimming in the rooftop residents-only Sky Club.

 

Living room of two-bedroom show suite

 

Master bedroom of one-bedroom show suite

 

 

For further information contact JLL International Residential directly at +65 9671 9583 or internationalresi@ap.jll.com

 

Hongkong Land is a major listed property investment, management and development group. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta. The Group also has a number of high quality residential, commercial, and mixed-use projects under development in cities across Greater China and Southeast Asia.

In Singapore, its subsidiary, MCL Land, is a well-established residential developer. Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

 

 

04 Aug 2020

Berlin, 16th July 2020 – JLL and Savills have been appointed as international selling agents for the new urban quarter, AM TACHELES, one of the most exciting mixed-use projects in Berlin. 

Located on the former Kunsthaus Tacheles in the Mitte district, this historical landmark is set to become a new cultural hub in the city with 133 apartments and penthouses, office space and a range of shops and restaurants.

Designed by world-leading architectural champions -  Herzog & de Meuron, Grüntuch Ernst Architekten and Brandlhuber + Muck Petzet -  the five distinct residential buildings combine striking design and world-class facilities. Owners will have access to a concierge service and a health club and spa with private gardens, swimming pool, saunas and fitness rooms.

 

Thomas Zabel, head of residential development Germany, JLL, said,

" AM TACHELES historical legacy is getting new life. The project's charisma reaches beyond the city of Berlin, enjoying strong interest worldwide. AM TACHELES has always fascinated people from near and far. The project appeals to people interested in culture, Berlin connoisseurs and architectural enthusiasts. We are delighted to be part of it."

 

Prices at the Residences at AM TACHELES start from €567,000 for a one bedroom apartment.

 

Interested to know more? Join the online preview on 29.07.2020 at 5pm (SGT)

Register here

 

 

03 Feb 2021

We revisit our 2020 Residential Forecasts in light of the Covid-19 pandemic, discussing its likely impact on house prices, transactions, housing starts and the rental market in the UK over the next five years.

Disclaimer: The Covid-19 pandemic has created a material uncertainty in real estate investment market performance. Across Europe, there is considerable variation in the extent of the human implications unfolding and their impact on economic activity, including the trajectory, duration and extent of these impacts on all real estate sectors. Varying recent and ongoing policy responses across the region and mitigating implications will differ by market and sector.

As a result, caution should be applied to usage of our latest market forecasts contained within this document.

 

JLL forecasts UK house prices to fall by 8% in 2020

Predicting the full impact of Covid-19 on the performance of the UK housing market is a complicated exercise. The steps taken to contain Covid-19 have led to a steep contraction of the economy. The Bank of England and the Office of Budget Responsibility are predicting the UK could face its deepest recession in 300 years. However, the Government has taken unprecedented steps to protect businesses and households with the aim of enabling the economy to grow quickly again.

Ultimately the longer it takes to fully return to ‘normality’, the more severe the recession will be. Hopes of a more immediate V-shaped recovery are fading fast. The great unknown of how long this crisis will last remains the key challenge  in arriving at a robust housing market forecast.

We have assumed Covid-19 will continue to impact our ability to go about our daily lives throughout the remainder of 2020 and into 2021 and ultimately until a vaccine is widely in circulation. We have also taken account of the growing signs of economic scarring with a significant rise in unemployment now expected in 2020.

There will be regional variations to our forecasts of course with some parts of the country more affected than others. And, at a more local level, there will be some areas that are more resilient and perform better. There is an upside potential to our forecasts. For example, a new Government stimulus response could trigger a stronger than anticipated bounce in home buying demand.

However, there are downside risks also. For example, if it  takes longer to find a Covid-19 vaccine or a Hard Brexit could ensue.

 

Subdued sales and starts

The housing market has re-opened for business and there may be a small bounce in sales due to pent-up demand. But there remains continued uncertainty as well and this is  expected to leave buyer sentiment subdued for much of the remainder of 2020 and running into early 2021. Due to the extent of the recent full market closure and the continued social distancing measures we expect annual transactions to drop to around 650,000 in 2020 from 1.2m in 2019 – below the bottom of the Global Financial Crisis when transactions fell to 750,000 in 2008/09. Annual transaction volumes would be expected to start growing again from the second half of 2021 as confidence gradually starts to return, getting back to around pre-Covid levels of just below 1.2m by around 2023.

Meanwhile, we expect UK new housing starts to plummet to 80,000 in 2020, well below the Global Financial Crisis in 2008, when starts bottomed out at 100,000. New home completions should fare slightly better as housebuilders prioritise these in the short term. However, social distancing will extend the length of time it takes to deliver a traditionally built new home by up to 50% compared with pre-Covid-19 which will create a fundamental dampening effect on new supply.

JLL home sales and housebuilding forecasts May 2020

*Regional and locational variations will apply

 

London prices to recover more quickly

The UK housing market has effectively now been re-opened for business following an unprecedented drop-off in new buyer activity over the past two months. Once the dust settles, the buyers who remain active this year will typically be more opportunistic in nature and will seek to secure a deal. However, the Government’s job protection schemes should limit the number of forced sellers. As a result, we forecast this will lead to price falls of circa 8% in 2020, around half the level of falls witnessed in the global financial crisis.

Across Greater London we expect price falls will be similar to the UK average in 2020. However, the most exclusive Prime Central London (PCL) market, which has already seen several years of weak performance and is now looking ‘good value’ relative to other global prime markets, should see lower falls of 4% off a very low base of sales activity.

Prices are expected to recover more quickly in Greater London and PCL, led by a spike in demand from investors and opportunistic owner-occupier buyers.

JLL house price forecasts May 2020

*Regional and locational variations will apply

 

Rental falls expected but BTR more resilient

The UK’s circa 5m private rental households are expected to feel disproportionate pressure on their incomes due to the Covid-19 crisis. This will particularly be the case for those employed in the hospitality and retail sectors, who have a much greater difficulty working from home. We expect that, in the Q3 peak letting season, many of these lower income PRS households will look to negotiate down rents resulting in average value falls of circa 2% across the whole UK rental market in 2020.

However, these falls will be tempered by an increase in rental demand from people opting to delay their purchasing ambitions over the short-term and we forecast that positive rental value growth should start to return from 2021.

And as with the sales market, there will be regional variations in performance. The Build to Rent sector should also prove more resilient for several reasons. Longer average tenancy lengths mean BTR customers are less likely to be facing a tenancy break in the short term. Our research also shows that BTR customers earn c 30% more than the UK average salary shielding them somewhat from short-term pressures on their incomes.

JLL Rental Market Forecasts May 2020

*Regional and locational variations will apply

 

Nick Whitten – Head of UK Living Research

 

09 Jun 2020

This latest waterfront residential project from Berkeley is making U.K.’s tech hub more attractive for overseas property investment

Reading has long been a favorite destination for upcoming professionals, business startups, and young families looking for affordable, yet convenient properties to settle in outside of London.

Today, emerging tech companies are starting to take a foothold in key areas of the city, making Reading’s rental property market attractive to overseas investors and buyers.

 

The Silicon Valley Of Britain Offers Long-Term Investment Growth

Voted as the U.K. No. 1 Tech Centre by KPMG’s Tech Monitor, Reading remains to be a global hotspot for multinational tech companies.

In fact, major tech firms like Cisco, Oracle, Huawei, and Microsoft have found a home in Reading.

 

 

This thriving tech community has so far contributed over £10bn in annual revenue, according to TechNation. Plus, the area’s technology firms also account for 40,440 jobs - making the city with the lowest unemployment rate in the whole country at 1.5%.

One of the key reasons for Reading’s emerging tech industry is its number of young professionals.

Thanks to its top notch universities and lower cost of living, these prospective renters often choose Reading as an alternative to London to jumpstart their career or business.

And because of its close proximity to London, Reading provides easy access to airports and major universities, making it a magnet for talent and investment funding locally and internationally.

It’s no wonder that in 2018, Tech Nation reported that the city’s tech company density is approximately seven times higher than the national average.

 

Elkie Russell, Managing Director, Berkeley Homes (Oxford & Chilterns), comments,

“Reading has so much to offer residents, employers and investors alike: the UK’s largest tech cluster; home to 13 of the world’s top 30 global brands, excellent employment opportunities with one of the highest wages in the UK outside of London, superb transport connections and outstanding education, to name a few.”

Of course, with unprecedented growth comes the need for comfortable living spaces not only for single, up-and-coming professionals but also for young couples who wish to start a family outside the hustle and bustle of London.

For savvy investors, this could spell an opportunity for the real estate market - especially with how the market is trending right now.

 

Reading’s Rental Market: Among The Best In The U.K.

Reading’s commitment as South East’s business and hi-tech capital is starting to pay-off.

Just recently, it was named one of the most attractive European cities for foreign direct investment in the FDI European Cities of The Future by the Financial Times.

At the same time, the Heathrow expansion in the South East - in which Reading is located - means an additional £30bn in economic benefits and the creation of up to 33,200 new jobs around the area.

Reading’s Network Rail has also gotten a massive facelift providing unrivaled rail links to over 300 destinations and the fastest journey time to London Paddington by only 23 minutes.

Station Hill will also provide over 900,000 sq. ft of mix-use development. It is also set to introduce around 2,500 jobs to the area -- thus, increasing rental demand to newer heights.

Because of these massive developments and international recognition, Reading’s rental property continues to trend upwards.

Steve Woodford, Managing Director, of local lettings agent, Haslams, comments

“Property values in Reading have experienced consistent growth over the last decade, with town center apartments rising in value by 75% over the last five years.”

“With Crossrail now imminent and talks of a new fast, direct rail link to Heathrow, we believe that real estate in Reading will continue to offer a solid investment proposition.”

According to Haslams, typical rental returns in Reading are between 4% and up to 4.5%.

Haslams let between 70 and 100 properties every month.

Meanwhile, void periods are minimal and usually, properties are let within one week of being marketed.

Reading’s population of 230,000 continues to grow and is set to continue for the foreseeable future particularly with the arrival of Crossrail - meaning that demand from tenants is here to stay.

With ongoing infrastructure developments, positive forecasts from economic experts, an upward trend in the rental market, and revitalized transport links, it’s no wonder Reading is attracting numerous high-end developers to meet the demand for comfortable living residential.

One of the most appealing investments in the works right now is Huntley Wharf - Berkeley’s latest residential project located in a prime riverside estate just a few minute’s walk from Reading town center and station.

 

An Exciting Riverside Property Investment Near The Capital  

The Huntley Wharf project is a 6.9-acre site conveniently located in central Reading and just 30 minutes away from Central London.

It offers more than 750 new homes in three principal buildings and a range of amenities with over 13,160 sq. ft. of commercial space, concierge services, and private podium gardens.

 

 

Apartments in Huntley Wharf include Manhattans, one-, two-, and 3-bedroom apartments and duplexes, with a choice of four color palettes for a more personalized touch.

Huntley Wharf also offers a number of generously sized duplex apartments, plus two riverfront 3 bedroom triplexes with flexible living accommodation spread across 3 floors.

Residents will have exclusive access to services like gym, co-working spaces, a day nursery, plus public amenities such as restaurants, a convenience store, a riverside walk, and coffee shops.

For savvy investors, there’s no better time to jump on this opportunity than today, and here’s why.

In recent years, there has been an undersupply of high-quality town center apartments that are in constant demand from young professionals.

Berkeley’s Huntley Wharf development responds really well to this market.

Not only are the units high quality and built by a premium developer but the development itself offers valuable space, tranquility, and the ability to walk or cycle to large employment hubs.

All of these aspects are emerging as a key requirement for tenants.

Therefore, prospective buyers may expect units at Huntley Wharf to achieve some of the very best values anywhere in Reading ranging from £1,200 - £2,500 per month with premiums of £50-£100 per unit for those with waterside views.

 

Don’t Miss Out On This Emerging U.K. Property Market

Huntley Wharf is scheduled for completion in the second quarter of 2022. But as early as this month, investors and buyers are invited to check on a number of residential apartments already available for purchase.

For more details about Huntley Wharf, you may contact JLL International Residential at +65 9671 9583 or internationalresi@ap.jll.com.

 

28 May 2020

This report provides a brief update on the UK Western Corridor Residential market including statistics on Reading, Maidenhead and Slough.

 

• Great opportunities for owner-occupiers, investors, renters and residential developers

• Attractive house prices and rents, especially compared with London

• Varied and enticing housing opportunities for local workers and London commuters

• A rich array of hi-tech, innovative businesses alongside more traditional business services organisations

• Excellent connectivity – rail, road and air

• Improving connections with Crossrail, due to become fully operational in 2022, making London employment hubs more accessible than ever

• The opportunity to be part of an exciting phase in the evolution of these towns

• Higher sales price and rental growth forecasts than the South East and UK

 

Download the Research to learn more

22 May 2020

Home of Portugal’s one and only Jack Nicklaus Signature Golf Course, this world-class residential complex offers long-term growth, year-round bookings, and excellent performance in the luxury rentals market.

As early as this month, early-bird buyers in Singapore, Malaysia, and neighboring countries are now given the opportunity to invest in this luxurious, overseas development in one of Portugal’s most beloved tourist destinations.

 

Discover Luxury And Opportunity In One Place

Pedro Lancastre, Managing Director, JLL Portugal, shares the unique qualities of Monte Rei and why it’s such a big hit among tourists and property hunters.

“Monte Rei is a world-class resort with a top-of-the-game Jack Nicklaus signature golf course and a new generation of modern lifestyle inspired properties, surrounded by stunning scenery and benefiting from a full range of services and a fine dining restaurant, among other high-quality facilities.”

“All this, simultaneously close to the major European capitals and in the unspoiled Algarve, where you can still fully enjoy the authenticity of the region and where the real estate market has a high capital growth potential.”

Set in 1,000 acres in the Eastern Algarve, Monte Rei Clubhouse Residences features spacious two- and three-bedroom apartments as well as penthouses.

The comfortable open-plan living spaces feature floor-to-ceiling windows that make full use of the natural light and warmth for perfect viewing of the surrounding landscape.  Guests and residents will also have access to a variety of personalized services.

 

 

For example, a dedicated team of a concierge is always available to arrange activities in the resort and surrounding area - from travel arrangements, restaurant reservations, spa treatments, in-villa dining, and even childminding.

Additional facilities like high-end dining, heated swimming pool, gym, tennis courts, and children’s play area, are all supported by exceptional staff.

 

 

A Haven For Golfers And Property Investors Alike

As the only Jack Nicklaus Signature Course in Portugal, the clubhouse is ranked as the number one golf resort in the country. It has also been selected and recognized by IAGTO Golf 2020 (five awards) and Golf World top 100 for seven years.

Because of this recognition, Monte Rei has seen a 10% growth per annum on the number of golfers and 8% on golf revenue.

Meanwhile, rental properties have increased on average of 4.5% in value over the last five years.

However, the best is yet to come.

Just recently, Jack Nicklaus signed a development contract for a second golf course, which will make Monte Rei one of the only few resorts in the world to have two signature courses.

The second golf course includes a five-star luxury hotel, a spa, and two residential developments.

Patricia Barão, Head Of Residential, JLL Portugal explains the property’s unquestionable growth and popularity around Europe’s golfing community and the luxury rentals market.

“Monte Rei is not only a unique place to live and to play golf. It also offers a balanced lifestyle experience. The properties and real estate of the resort are a central piece of this experience. It offers luxury and highly comfortable accommodation for residents and golfers.”

“The resort is also increasingly attracting travelers and properties are having an excellent performance in the luxury rentals market, thus representing an unrivaled investment opportunity for those who are seeking for interesting returns in a landmark resort that is generating significant capital appreciation”.

 

 

The Land Of Year-Long Sunshine And Golden Opportunities

Since the 1960s, the Algarve region has been the go-to destination for overseas investors, expatriates, and holidaymakers who wish to settle in Portugal for good.

The region is home to extensive sandy beaches, picturesque towns, and a growing number of activities that cater to travelers of all ages.

But what it sets apart from most vacation spots in Europe is its climate.

Because of its location south of Portugal, it enjoys 3,300 hours of sunshine per year -- more than anywhere else in continental Europe.

This unique feature allows for more tourists and long-term renters to visit the place, which in turn provides a stable profit to rental property owners in the region.

Monte Rei, for example, has seen steady growth over the last few years.

 

 

“As we are located in the Eastern Algarve, we can anticipate an unaffected growth as this region has been the best area for development outside of Porto or Lisbon,” says Declan McNaughton, Commercial Director, Monte Rei.

We currently see our properties giving a return of 4% or greater over the last two to three years. The East Algarve region is now receiving special attention from those looking for authenticity and privacy, where you can enjoy life at your own pace and find a quiet spot to relax or unwind from the exhausting daily routines.”

“This growing interest together with the two investor-friendly schemes namely the Non-Habitual Regime and the Golden Visa Program have uplifted the property value as well as the rental value of the existing properties.”

McNaughton also reported exceptional growth in Monte Rei Club Residences over the last two years.

“Our rents are solidified as bookings for our resort are confirmed at least 6 months in advance. In fact, we had a 10% rate hike at the beginning of this year. We work on a 50% occupancy rate to give a realistic view and return on our properties.”

“We also benefit from two distinct booking seasons, which help the clients rental flow throughout the year in the resort. Golf Season (March, April, September, October, and November) and Leisure / Family Season (June, July, and August).”

These amazing returns, favorable government incentives, and impressive location make this project a promising opportunity for serious buyers and investors.

 

Ready To Invest In Portugal’s Hottest Property Market?

For more details about Monte Rei Clubhouse Residences, you may contact JLL International Residential at +65 9671 9583 or internationalresi@ap.jll.com.

Attend JLL's webinar on 16 May 2020, 4pm (SGT)

Register here. Details to be provided upon registration

15 May 2020

The residential leasing market in London is starting to show signs of bottoming out six weeks after lockdown measures came into effect on March 23, says Lucy Morton, Head of Residential Agency at JLL London.

Property investors can still pick up new residential real estate off-plan despite the social distancing measures, says Sam Molloy, Partner at PCB Lawyers in London. He adds that next year’s changes to the Stamp Duty Land Tax (SDLT) for foreign buyers will also be lower than originally forecasted.

The two real estate experts gave updates on London’s property market during a webinar hosted by JLL on April 30. They were joined by Louis Goldney Sidley, Director of Client Services at JLL London, and Widya Lestaluhu, Head of International Residential at JLL Singapore.

 

Rental market bottoms out

Despite the immediate slowdown in London’s rental market on March 23, the market started the year on strong footing, says Morton.

 

“The market was buoyed by the election of a strong Conservative government. Investors have been putting off purchases for the past three years while Brexit negotiations were on-going, resulting in a considerable amount of pent-up demand. A relatively weaker Pound also encouraged investment to flow into London,” she says.

 

There is now an emerging generation of young people who prefer to rent and are holding off their first property purchase. The average age of first-time home buyers in London is about 40-years old. They also prefer to live in cities and towns.

About 2.5 million more people will move into UK cities by 2024, and London’s population is expected to grow by 1 million over the next decade, says Morton.

She adds that there is also an under-supply of new residential homes being delivered by the residential construction industry and as a result, housing supply in London is not keeping pace with demand.

In addition, the supply of rental housing in London has fallen sharply over the past six weeks as tenants stay put in their properties. According to Morton, this is good news for landlords as less supply is likely to help drive prices up.

 

Stamp Duty changes take effect next year

It is also the best time for savvy foreign investors to cash in on London’s rental housing market, says Molloy of PCB Lawyers.

On March 11 this year, the UK government announced that its planned changes to the SDLT for foreign buyers would only come into effect in April next year. The 2% surcharge is also less than what most market watchers expected, says Molloy. He adds that “this relatively low figure maintains London’s status as a highly competitive property market.”

Since it will only come into effect next year, this gives more time for investors to secure deals without incurring the new surcharge.

The year-long run up to the effective date of the tax will likely stimulate the market, and investors are likely to focus on recently completed projects, says Molloy.

 

“This is advantageous for buyers since a completed unit enables investors to capitalise on the relatively weaker pound now, not just on the currency exchange but also on the completion money you end up paying as well. Investors will also start getting use out of the property immediately, whether for own use or to generate an income from the letting,” says Molloy.

 

He also adds that opportunistic buyers may even snap up some bargains during this period from developers who are keen to close deals, thus creating a favourable buyers’ market.

Investors can tap on JLL to secure rental deals. The agency has closed more than 100 leasing deals over the past six weeks. It has supported many clients with virtual tours and videos of its stock of properties.

According to Morton, “when the lockdown measures are eventually lifted, we expect to see a large pent up demand for rental housing and increased activity in the rental market. The spike in inquiries already started over the weekend of April 25,” she says.

 

Spotlight on Nine Elms and Canary Wharf

As a leading realtor in London, JLL highlighted two neighbourhoods in London where property investors could choose to focus on, namely Nine Elms and Canary Wharf, says Sidley, JLL’s Director of Client Services.

In Nine Elms, the completion of the Battersea Power Station shopping mall will be the third largest retail destination in Central London.

Next year, two new tube stations on the Northern Line are expected to open and will enhance the transport connectivity of the area.

Overall, the resident population in the neighbourhood is expected to increase by more than 10,000 people over the next five years. The current demographic is also primarily affluent professionals with high rental budgets.

“Residential property sales are forecast to climb by 19% over the next five years, with 18% rental demand growth over the same period,” says Sidley.

Over at Canary Wharf, “the rejuvenated area reminds me of Singapore, in that it is a clean, safe, and green area within London,” says Sidney.

The area houses 120,000 workers and features 16 million sq ft of prime office space. “Canary Wharf is a vibrant, mixed-use neighbourhood within Central London,” says Sidley.

The lockdown is also encouraging some people to reconsider their preference to rent closer to their workplace. However, competition for quality apartments is high, with the average vacancy period close to zero according to Sidley.  He adds that peak rental demand could clock in next year with the completion of the Crossrail Line.

 

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For more information on investing in London, please contact JLL International Residential at +65 9671 9583 or internationalresi@ap.jll.com

 

05 May 2020

While travel is off the to-do list right now, don’t let that stop you from planning your next holiday when things get back to normal.

After weeks being confined indoors, make sure you head somewhere to enjoy the freedom of fresh mountain air and indulge in leisure activities like golf and skiing.

 

There are few places in Europe where you can get all this in one location, Andermatt, a village in the Ursern Valley in Switzerland.

It might even be the best time to pick up a holiday home at Andermatt Swiss Alps, that has developed into a year-round destination in recent years with apartment builds, hotels, and chalets.

The year-round resort comprises an 18-hole golf course, the biggest skiing area in Central Switzerland, six world-class hotels, and a variety of apartments, serviced residences and chalets.

 

Get natural in Switzerland

Whether it’s the breath-taking mountain scenery or heart-pumping activities, Switzerland is a popular destination in Europe in a cultural sense as well as an important financial centre.

While most people come for the high-quality snow and the skiing, it is also an attractive summer destination given the country’s many micro-climates.

 

There’s so much more to do than hitting the slopes, and the quintessential holiday to Switzerland wouldn’t be complete without some chocolate tasting, cheese sampling, fondue eating, and many more tasty cheese experiences.

Despite its moniker as the Rooftop of Europe, Switzerland is home to some of Europe’s largest and most beautiful lakes from Lake Geneva to Lake Lucerne. Switzerland is the perfect summer destination to try out water skiing, diving, and rowing.

 

Home. As it should be.

The newest one-stop destination to experience Switzerland will be at Andermatt Swiss Alps in the Ursern Valley in central Switzerland.

The SkiArena Andermatt-Sedrun boasts 120 km of ski slopes that cater to all standards and is served by 22 lifts. On the valley floor, a 18-hole, par 72 championship golf course has been operational since 2016, and it normally operates between May to October.

In addition, the Chedi Andermatt is a five-star deluxe hotel which welcomed its first visitors in December 2013, while the Radisson Blu Hotel and Gotthard Residences opened in December 2018, featuring 179 rooms and 110 suites.

Ten of the 42 planned alpine apartment buildings around the building square, named “Piazza Gottardo”, are complete and more than 90% of the completed units have been sold. All the residences come with fully integrated management and apartment rental services.

“With the vision by the developer for Andermatt, they are building a grand masterplan with a whole new town, and it has started to become a status investment for many affluent Asian investors,”
says Widya Lestaluhu, head of international residential for Singapore at JLL.

“There is also a growing trend among these investors to buy into more European destinations, and at the end of the day, Switzerland is a safe haven for investment and it has very appealing tax regulations with regards to foreign purchases,” she says.

 

New releases for sale

The next phase of the masterplan will see the completion of four more apartment buildings, as well as enhancements to the nearby municipal railway station and a planned hotel.

The next tranche of residential units will comprise 29 luxury apartments ranging from one- to four-bedroom units of 62 sqm to 136 sqm.

They are set to be completed by March 2022, and prices start from CHF775,000. These high-end apartments will be built in a contemporary alpine style, some of them complete with fireplaces, a sauna or a private garden.

 

The previous collection of alpine units was quickly snapped up by residential investors. Encouraged by the lack of restrictions on foreign purchases and resale transactions that is unique for the apartments in Andermatt Reuss.

In addition, the masterplan development is bringing dynamism to the local area, where there is strong demand for holiday rental homes.

Alpine real estate in Andermatt is also projected to see annual price growth of 5.8% over the coming five years, according to a 2018 research paper by UBS.

The developer has also brought in international real estate consultancy JLL to support its marketing and sales around the world.

Expected returns from real estate investments in Andermatt could also be around 3.5% per annum, making it one of the best destinations around the world, compared to property in Singapore where it can be difficult to yield returns of 2-3% at certain times, says Widya.

 

 

Learn more about Andermatt:

https://internationalresidential.jll.com.sg/andermatt-invest-switzerland-swiss-alps

 

Apartment House Arve:

 

Apartment House Enzian:

 

Gottard Lofts:

 

Disclaimer: This information is intended as a guide only and does not constitute advice. It does not constitute any offer or part of any contract for sale or otherwise. All details are approximate and have not been independently verified. Except where otherwise provided, all references to rent, income or price referred to in this information are GST exclusive. Users should not rely on this information and must make their own enquiries to verify and satisfy themselves of all aspects of the information (including without limitation, any income, rentals, dimensions, areas, zoning, and permits). While the information has been prepared in good faith and with due care, no representations or warranties are made (express or implied) as to the accuracy, currency, completeness, suitability or otherwise of such information. Jones Lang LaSalle Property Consultants Pte Ltd (“JLL”), its officers, employees, subcontractors, agents and clients shall not be liable (except to the extent that liability under statute or by operation of law cannot be excluded) to any person for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on such information. The whole or any part of this document must not be reproduced without written consent from JLL. All forms of investments carry risks, including the risk of losing all of the invested amounts. Such activities may not be suitable for everyone. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand.

22 Apr 2020