UK

Thanks to the university, Cambridge is seen as a hotspot for research, science and technology, which encourages leading companies to set up operations in the city and its suburbs (Astra-Zeneca, Microsoft and GSK).

After all, Cambridge is the home of world-changing discoveries such as the structure of DNA. But how attractive is the property market there?

 

Cambridge tops the charts for property investment

While Cambridge has a global reputation due to its university, there’s a lot more to this UK city than just a world-class education. It also has a thriving economy comprising leading hospitals and a science park that attracts global companies.

Having a world-renowned university comes with many benefits. Beyond the rental demand created by its large student population, the congregation of experts at the University of Cambridge has also created a research and development hub, bringing in professionals, scientists and international investors to the city.

As a result, there is a continuous demand for property in Cambridge and the surrounding area.

 

Students

The student population at Cambridge is enormous, with 20,000 students at the University of Cambridge and 22,000 students at Anglia Ruskin University.

Around one in five residents in Cambridge are students, including undergraduates and postgraduates undertaking study and research.

Moreover Cambridge also has a number of good schools catering to all age group with both state and private schools available.

 

Global companies

Thanks to the university, Cambridge is a hotspot for science and technology research, encouraging leading companies to set up operations in the city (Astra-Zeneca, Microsoft and GSK). After all, Cambridge is the home of world-changing discoveries such as the structure of DNA.

Home to the Cambridge Biomedical Campus, one of the largest centres of health science and medical research in the world, Cambridge is also a technology hub, boasting a large cluster of high-tech businesses from software, electronics and biotechnology to science and engineering, harnessing the very best talent from the University and beyond.

Cambridge’s science parks are a partnership between the university colleges and businesses. Together, they have helped make them a world leader in futuristic industries like software and biotechnology.

These have all brought highly-skilled, well-paid jobs to Cambridge and created huge demand for real estate.

Addenbrooke’s Hospital is a major teaching hospital and a world leader in medical research, along with nearby Royal Papworth Hospital. Both are huge employers with several thousand medical staff, researchers and support staff working there.

The Cambridge economy has regularly been the fastest-growing economy within the UK and is likely to remain so in the future.

 

Connections

Cambridge is already well connected, being close to two major motorways and just 50 minutes from London by Thameslink train. A new railway line , the East-West Rail project, is planned to be built within the next decade, connecting it to the cities of Oxford and Milton Keynes.

A new motorway-standard road, the Oxford-Cambridge Expressway, will also connect Cambridge to the M1 and Oxford.

 

Property market

Given the high demand and limited supply, Cambridge’s house prices are some of the highest in the UK. Property prices have risen 85% since the 2008 global financial crisis, putting it among the highest in the UK’s major cities including London.

In 2020 there has been a 9% increase in new sales compared to 2019 (Zoopla). Rightmove has recorded it's busiest ever start to a new year in 2021, with visits to the site up 30% compared with a year ago. Buyer enquiries to agents are currently up 11% year-on-year, rental enquiries up 22% (02.01.21-06.01.21 v 04.01.20 -08.01.20). According to ONS, average rental values across the UK rose by 1.4% in the year to November. The South West had the largest increase (2.3%) and Scotland had the smallest increase (0.6%) (source: JLL Research, 2021).

With particularly strong demand for rented homes, Cambridge properties can earn landlords some of the highest rents in the country.

 

 

North West Cambridge Development

The North West Cambridge Development is the most significant capital project in the University’s history.

It is set to be a billion-pound urban district and the masterplan includes architecture that has been inspired by Cambridge: college courts, active street life, homes, research facilities, parks and amenities needed to sustain a city.

The first phase of this development, Eddington district is already hugely successful, with plenty more to come.

 

 

Eddington and the wider North West Cambridge Development seeks to secure the University’s long-term future and contribute to the City’s growth by providing homes for key workers, students and the public in a vibrant place to live.

It is a vibrant, new community with a school, nursery, shops, market square, sports facilities and more than 50 hectares of open space for residents to enjoy. It has been carefully planned to minimise its environmental impact with a forward-thinking approach to travel, energy, landscaping and construction.

 

 

Investment opportunity

JLL is marketing a new development called Knights Park in Eddington, north west Cambridge developed by Hill - the third largest privately-owned housebuilder in the UK.

The first homes have been completed and some of them have already been released for sale on the open market.

Five minutes’ walk from Knights Park is the University of Cambridge Primary School. Rated Outstanding by Ofsted, it is the first primary University Training School in the UK.

For older children, there is a choice of Good or Outstanding rated secondary schools across the city, while the Cambridge Academy for Science and Technology offers a STEM curriculum at GCSE and A-Level.

There are also a number of independent schools in the area catering to students of all ages, in addition to the historic and internationally renowned University of Cambridge.

 

Unique selling points:

•  Catchment area for University of Cambridge Primary School

•  Thriving tech hub in Cambridge City Centre; Astra-Zeneca, Microsoft and GSK

•  Hyatt Hotel coming soon to Eddington

•  53 minutes* to King's Cross London

•  Innovative, modern homes set within beautiful green spaces with cycling and pedestrian friendly routes

•  1, 2, 3 bedroom apartments & 3 & 4 bedroom houses*

•  First phase of the development

•  Prices from £369,950*

 

Join us at our webinar on 25 March 2021 to learn more about the Cambridge Property Market and Knights Park.

25 March, 5.30pm Register here

 

 

Disclaimer: Jones Lang LaSalle Property Consultants Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Jones Lang LaSalle Property Consultants Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Jones Lang LaSalle Property Consultants Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. This form was produced solely for preliminary orientation on the property and is not a sales documentation. It does not constitute any offer or part of any contract for sale or otherwise. It contains data that has been provided to JLL by third parties and while we believe it is reliable, we have not independently verified it and take no responsibility for it. The projections, opinions, assumptions or estimates are included for examples only and may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the Property and transaction. 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. Computer generated images are indicative only.  *Prices and details correct at point of publication. Terms and conditions apply.

23 Mar 2021

The housing market has got the extended holiday many were hoping for and the clock is now effectively ticking for new buyers who haven’t yet started the process of purchasing a home to take advantage of a reduced Stamp Duty charge.

 

Stamp Duty Extended Holiday

 According to Rightmove data it has taken an average of 54 days to sell a home since the holiday was introduced in July, down from an average of 70 days in the 12 months prior.

Assuming the average time to sell a home remains at the current level, aspiring buyers have until 7th May to begin a purchase to take advantage of the holiday extension.

Overall the Stamp Duty holiday has provided a much-needed confidence boost to the housing market following its full closure in March last year. However, its previous cliff edge ending on 31st March always risked seeing sales fall through increasing anxiety for aspiring purchasers. The extension will provide welcome relief to those purchasers and open the door to additional buyers. There now needs to be clear signposting introduced to ensure the cliff edge is not just pushed further down the road.

 

2% overseas Stamp Duty surplus

This tax represents a big shift in UK Government policy away from an open trade policy – until now there has never been a consideration of an investors origin if they are looking to buy an investment home.

This tax will undoubtedly create some market resistance for an initial period until it becomes accepted. It should be noted that many other competing cities already provide higher levels of overseas taxation so the UK’s major cities should remain competitive on the international stage.

 

First Time Buyer Mortgages

95% mortgages have been all but non-existent for some time now so the Government’s mortgage guarantee scheme is hugely welcome news for aspiring home owners who have long faced mounting affordability issues.

 

Capital Gains Tax changes

The UK has obviously seen a significant increase in its debts as a result of supporting the country through the COVID pandemic. Those who can pay more tax, should pay more – that is only right and it fits with the levelling up agenda.

Nearly half of the UK’s privately rented homes are in suburban locations owned by small scale buy-to-let landlords. There could now be an increase in demand for this kind of housing stock from first time buyers looking to take advantage of the new mortgage guarantee scheme. The proposed changes to Capital Gains Tax could prompt of flurry of sales from landlords looking to exit before the changes take place. However, if there isn’t sufficient lead in time before the CGT changes take effect, it could reduce the volume of rental stock coming to market. CGT is ultimately a discretionary tax, and if homes become bloated with that tax, many landlords will opt to sit on their asset and wait.

 

Wholesale Review of Residential Taxes

Looking ahead, the Government has announced a Tax Day on 23 March and this could include the commencement of a widespread review of residential property taxes.

Reviewing how residential properties are taxed in the UK is long, long overdue.

Council Tax is based on residential values from 1991, which frankly are a very poor reflection of the current market. Meanwhile, Stamp Duty is a hugely inefficient tax which is ultimately a potential hindrance to the future economic prosperity of the UK. It makes no sense for people to find themselves ‘locked-in’ to their current home because of the tax burden of moving. People need to be able to migrate towards opportunities as easily as possible in the 4th Industrial Age and as part of the levelling up agenda.

Government also needs to acknowledge that we have an ageing population and SDLT is a hugely punitive tax for those looking to descend the housing ladder and right-size in later life. Without enabling more people to downsize, we face many people continuing to live inappropriate homes for their needs which in turn forces Government to have to increase expenditure on health and social care.

However, any significant changes in the tax system must be carried out with care, following a detailed consultation and with a sufficient lead-in time. Any replacement residential tax should carry a similar starting burden for individuals. The variance should then occur over time to allow householders to adjust their finances accordingly.

 

Overall Budget Conclusion

There are many welcome announcements within this Budget. However, solutions to the housing challenge must also focus on providing homes to suit a greater variety of end user needs. Society has changed and we must move away from the concept of blanket home ownership. We need measures to support an increase in purpose-built rental homes which will professionalise the private rented market, providing long-term, secure housing, and raising the profile of renting as an aspirational lifestyle choice.

And we need attractive, specialist later life housing which will help free up family homes and make more efficient use of existing stock.  With people living longer, the UK’s ageing population is typically under occupying family homes, but appropriate alternatives will encourage right-sizing.

Measures to address the housing market should be targeted at increasing all forms of supply, not just increasing demand for Private Sale housing only. 

 

Nick Whitten - Head of UK Living Research

12 Mar 2021

Latimer Homes launches high-spec apartments and townhouses in the heart of thriving Salford Quays, home of MediaCityUK

 

The UK's fastest-growing economy outside of London, Manchester in North-West England offers the best of modern city living at more affordable prices than the British capital. The former textile powerhouse is today best known for its sports and culture scenes, but a thriving economy and strong and stable property returns are making Manchester a compelling option for overseas property investment in Europe.

As employment, educational and social opportunities continue to draw professionals and students to Manchester from far and wide, the supply of new housing is struggling to meet the high demand, driving up prices and creating opportunities for developers and investors. Property values in Manchester have grown by 19 percent since 2016, according to the Land Registry, and Jones Lang LaSalle (JLL) is projecting a further 17.1% increase in the next five years, with consistent growth of 3 to 3.5 percent per annum in sales and rental prices.

Manchester's urban regeneration is creating opportunities for developers to address this shortfall and add more homes to sought-after areas, particularly in the popular waterfront district Salford Quays. New developments such as Amplify Apartments by Latimer Homes are providing contemporary homes within walking distance of local attractions and a short tram ride from the city center.

 

Thriving waterfront community

Salford Quays can trace its history back to the Victorian period when it was one of the UK's busiest commercial docks. Following the closure of the docks, this prime real estate close to the city center was transformed into a fashionable business and leisure district, incorporating notable cultural venues such as The Lowry Theatre and Imperial War Museum, watersports centers and media hub MediaCityUK, the new home of the BBC and ITV Studios.

Salford Quays is less than 15 minutes from Manchester city center and business parks, making it a convenient address for living and working in the city. World-class facilities and international connections at nearby Manchester Airport have convinced many leading global brands, including Google, Amazon, Adidas and 80 of the FTSE 100, to establish regional offices in Manchester. With more than 1.4 million people working in the Greater Manchester area across sectors ranging from legal and accounting to fashion, media and retail, the city's diverse economy is projected to grow by 2 percent per annum, above the UK average.

Manchester is also a major university city, where over 100,000 students attend 10 notable institutions including the local Salford University, University of Manchester and Manchester Metropolitan. With a 59 percent student retention rate, most young people prefer to continue living, working and renting in Manchester after graduating, contributing to the steady demand for well-connected property.

 

Riviera lifestyle

Amplify Apartments at Salford Quays combines scenic waterfront living with access to the best Manchester has to offer via convenient tram and road links. Buyers have a choice of one, two or three-bedroom apartments and duplex townhouses, with a help-to-buy scheme and Shared Ownership options offering a choice for every budget.

All residences are appointed with high-spec fittings including integrated Bosch appliances, connected media services and full-height windows making the most of natural light and views over The Quays from the higher floors. More views can be enjoyed from the private residents' rooftop garden, while a hotel-style concierge in the entrance lobby can take care of all requests.

 

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

02 Nov 2020

Despite the challenges posed by Covid-19, new housing schemes, developments and initiatives in the UK continue unabated.

The beauty of a city like London is that it has such a wide variety of vibrant districts spread across its vast metropolis. Most of these are steeped in rich heritage, dating back to Victorian times and beyond.

One of the lesser-known areas in central London, is called the Silk District and sits in the east of the city. Back in the 17th century, the Hugenots were forced to flee France and brought their silk-weaving skills to this part of London. Before that you couldn’t buy silk in England.

While most Londoners will know the area as Whitechapel, the Silk District is being revitalised thanks to some new regeneration projects. This historic part of the city currently ranks in The Telegraph's Top 20 Places to Invest in London.

 

Whitechapel vision

The Mayor of London’s “Whitechapel Vision” is a £300m investment to improve the local area, creating a new shopping destination, public squares and first-class educational opportunities.

The regeneration plan aims to create 5,000 new local jobs, a new street market, seven public squares, a research campus, parks and a medical research centre.

 

Widya Lesta, Head of International Residential, JLL Singapore said:

“Whitechapel's proximity to both London's major financial districts and ongoing regeneration promises it to be a key destination for impressive buy to let investment growth.”

 

Up-and-coming neighbourhood

The area is a magnet for city execs, technology workers and creative types with the ultra-cool Shoreditch enclave close by.

A major part of the regeneration includes the opening of the high-speed Crossrail train network in 2021. When this opens, residents can reach Central London in 10 minutes or less. This improved connectivity is likely to spur healthy rises in property values in locations that have Crossrail access.

“There is currently huge appetite to invest in Whitechapel,” Peter Gibney, director at JLL, commented.

This area was first identified by JLL’s Crossrail tool as offering the highest price growth potential compared with other Crossrail stations.

Together with the emerging creative commercial hub and unparalleled convenience of location for both work and leisure, Whitechapel looks set for demand for residential investment opportunities to continue to outstrip supply.”

 

 

“Neighbouring high-performing areas like Old Street and Spitalfields have seen staggering returns over the last five years, which demonstrates the best is yet to come.

The Bouchon (the last phase of The Silk District) offers a great opportunity for savvy buyers and investors, and it’s the last chance to buy in this up-and-coming development.”

Even without Crossrail, the Silk District and wider Whitechapel is on the edge of London’s city centre located in the Zone 1 transport network.

In fact, the Silk District is excellently located in between two of London’s largest financial districts, the City of London and Canary Wharf.

 

Strong growth

This part of London is predicted to grow strongly by 2024. The average price growth of the Silk District development is expected to be more than twice that of other new builds in the same postcode.

While London’s financial districts are very close, so too are a number of world-renowned universities including Queen Mary University, UCL, London Metropolitan University and King's College, which are all within 15 minutes.

The Silk District’s close proximity to these financial and educational centres guarantees a steady influx of people looking to rent or buy properties. And with a low price per square foot compared to neighbouring boroughs, the Silk District is ranked top by JLL for future price growth potential.

 

New developments

The Silk District development is designed by Stockwell Architects and features a 24-hour concierge, secured underground parking, a cinema room, a private gym, rooftop gardens and a large commercial space.

 

 

We have already successfully launched three phases of the development and now the fourth phase is ready to launch. For investors, a two-bedroom rental property in the Silk District could command a premium rental price and capital appreciation over the next few years.

Ongoing area regeneration and Crossrail’s arrival is the catalyst for a 25% projected price growth by 2024.

This weekend, 16th – 18th October, JLL Singapore will launch the final phase of The Silk District – The Bouchon.

It is the tallest building in the development, rising to 25 floors, offering stunning views of Canary Wharf and the City.

“The Bouchon offers would-be buyers the last chance to buy within our development, The Silk District, which is scheduled for completion in spring 2024,” Jon Hall, sales director at Mount Anvil.

Could Whitechapel’s Silk District be the investment opportunity you are waiting for?

Register your interest here.

 

Download our brochures for more information:

The Silk District, The Bouchon
Download Brochure

The Silk District, The Bouchon
Download Factsheet

Whitechapel Investment Guide
Download PDF
14 Oct 2020

The Portman Estate is investing more than £250m into fashionable Marylebone to create a new residential hotspot in the heart of London W1

 

London is consistently one of the most popular global cities for overseas property investment, and a prestigious Central London postcode is the gold standard for wealthy buyers and professionals who want the best of the city on their doorstep.

Extensive regeneration continues to offer new opportunities to live and invest in London's most fashionable districts, among them Marylebone.

A stone's throw from Oxford Street and Mayfair, surrounded by Royal Parks and a popular boutique shopping and dining destination in its own right, Marylebone in the Borough of Westminster is one of the most central and best-connected areas of London.

The residential sales and lettings markets in Marylebone have remained robust over the past few years, and Jones Lang LaSalle (JLL) expects growth to accelerate as the ongoing regeneration and forthcoming high-speed Crossrail services at nearby Paddington station draw more investment to the area.

 

Marylebone's transformation is centered on The Portman Estate, a mixed-use neighborhood covering 110 acres of prime Central London real estate that dates back to 1532.

Working with some of London's most esteemed property developers, the Estate is investing more than £250m into Marylebone and surrounding areas over the next decade to improve living standards even further, bring more new and refurbished properties onto the market and ensure their long-term growth prospects.

 

Village in the city

Despite its central location, Marylebone has held on to its village charm, particularly among the Georgian architecture and independent retail streets of The Portman Estate. The wider Marylebone area is famous for its specialist stores and home to several Michelin-starred restaurants, making it a popular destination for discerning Londoners looking for a more authentic alternative to the global brands of nearby Oxford Street and Regent Street.

Part of London's artistic West End, Marylebone also has cultural experiences to entertain and inspire locals all year round, from the eclectic art exhibitions at The Wallace Collection to music recitals at the legendary Wigmore Hall.

Nature lovers and families have two sprawling Royal Parks in walking distance – 350-acre Hyde Park and Regent's Park with its iconic zoo – and many of London's highest-rated schools, colleges and universities are just minutes away on the Underground, including King's College London, University College London, Imperial College London and the London School of Economics.

 

 

At the center of London's transport network, Marylebone is exceptionally well connected to all parts of London and further afield by local Tube stations such as Marble Arch and Edgware and nearby Paddington station, offering high-speed connections to financial district Canary Wharf in just 17 minutes and London Heathrow Airport in 34 minutes on the Crossrail Elizabeth Line.

With the opening of Crossrail now delayed until the first half of 2022, investors in London property can still look forward to the anticipated rise in demand and house values once services begin.

 

Meticulous living spaces

Located in the west of The Portman Estate, TwentyFive is the new flagship residential development of the area that's already welcoming overseas investment.

Developed by Native Land, TwentyFive offers 23 meticulous studios, one, two and three-bedroom lateral apartments and two lateral penthouses across eight floors.

The mixed-use building also includes over 44,500 square feet of office space at OneThreeSix and four retail units, setting a new standard for high-end living and working locations in London.

 

 

Designed by architects Stiff + Trevillion, the eye-catching development makes the most of its stunning location with dual aspect views in most units and Juliet balconies for all.

The spacious contemporary interiors by MSMR Architects use natural oak and stone, light color palettes and reflective surfaces to set a calm and airy atmosphere to help city dwellers unwind.

 

 

Residents can also access a private gym, a pool and spa at the neighboring Marriot Hotel, concierge services, secure underground car parking and other amenities, alongside the perks of a central London W1 location.

 

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

 

Twenty Five - Launching in Singapore on 3rd – 4th October

Register now

21 Sep 2020

Mount Anvil, in a joint venture partnership with L&Q, is launching its final phase at The Silk District – The Bouchon – in this vibrant development in Whitechapel. The pièce de résistance of the site, it is the tallest building in the development, rising to 25 floors with epic views across Canary Wharf and The City, with Crossrail on the doorstep prices start £445,000.

Located where all paths meet at the centre of the development, The Bouchon houses 198 studio, one and two-bedroom homes.

Set within a £300m regeneration area, the development is primed for growth, as it enjoys increasing popularity with the new Queen Mary Bart’s Life Science medical research campus, a new Crossrail station, retail and open space all within a 3 minute walk. As such, sole sales agents JLL predict growth levels of 25% by 2024.

Jon Hall, Sales Director at Mount Anvil, comments:

“The Bouchon offers would-be buyers the last chance to buy within our development, The Silk District, which is scheduled for completion in spring 2024. Standing tall, The Bouchon is an outstanding building with spectacular views and is only a short commute of The City, Canary Wharf and Old Street. Since we launched the development it has proved popular with young professionals and students working and studying locally.”

Synonymous with the silk trade, Whitechapel harbours an industrial heritage that dates back centuries to the craftsmanship and creativity of the French Huguenots – the silk weaving artisans who settled in the area during the 17th century.

This legacy has been suffused into the new phase’s name and identity, which today assimilates the cutting-edge fashion and style for which East London is renowned, creating a stylish collection of homes built to foster a new community.

 

The Bouchon’s exterior showcases a palette of champagne and light stone panels, with lighter materials like glass and aluminium to create a distinctive tower, enhancing the future townscape of Whitechapel.

Inside the colour scheme continues, neutral tones are luxuriated with brushed gold brassware, silk-effect carpet and Terrazzo-effect tiles in the bathroom and living areas. Along with bespoke cabinetry and in the kitchen, statement black porcelain splashbacks with white and gold marbling contrasting the white composite worktops.

The layout in each apartment has been considered to make the most of the space and the kitchen is complete with integrated ‘A’ grade appliances.

 

 

Claire Brenlund, London Sales Director at L&Q comments, “Whitechapel is a vibrant community in the heart of the East End, together with Mount Anvil, we have enjoyed bringing forward The Silk District with more residential homes commercial units and public realm – including our shared ownership offering which is launching next year. It is an area that is going places, and we are excited to be part of its history.”

Residents at The Bouchon will be able to enjoy first-class amenities including a fully equipped gym with spin studio and rooftop terrace. Residents will also benefit from a WiFi-enabled flexible working space – ideal when working from home, and a 24-hour concierge to keep a busy lifestyle flowing. A screening room, which features full length sofas and a bar area, can be booked out by residents to enjoy a private film viewing or sporting event with like-minded friends. With longer summers, residents will be able to enjoy access to podium and rooftop gardens.

Ideally located between two of London’s largest financial districts, the City and Canary Wharf, Whitechapel is attracting financial professionals, as well as the workers of London’s thriving tech and start-up scene.   

 

 

Peter Gibney, Director at JLL comments: “There is currently huge appetite to invest in Whitechapel. The area displays a myriad of reasons to have confidence in the continuing price-growth which consistently out performs the wider market. This area was first identified by JLL’s Crossrail tool as offering the highest price growth potential compared with other Crossrail stations. Together with the emerging creative commercial hub and unparalleled convenience of location for both work and leisure, Whitechapel looks set for demand for residential investment opportunities to continue to outstrip supply. Neighbouring high performing areas like Old Street and Spitalfields have seen staggering returns over the last five years, which demonstrates the best is yet to come. The Bouchon offers a great opportunity for savvy buyers and investors, and it’s the last chance to buy in this up-and-coming development.”

Already well-connected given its interchange with the District, Hammersmith & City and Overground lines, residents will also benefit from a fast paced, connected future, thanks to the opening of a new Crossrail station, which is just five minutes’ walk from The Silk District.

The Elizabeth line (Crossrail) will supercharge Whitechapel’s convenience, halving journey times to the multitude of business and leisure destinations across London; Canary Wharf will be accessible in three minutes, Bond Street in ten minutes, and London Heathrow in 36 minutes.

For further information, please contact the JLL team at +65 9671 9583 or internationalresi@ap.jll.com

 

Singapore Launch:

17-18 October

Register now

 

17 Sep 2020

The pride of Scotland and a property hotspot

Edinburgh has a lot going for it in terms of having a thriving financial and technology sector, world-class universities and a rich history. It also has lower property prices than London, a high standard of living and is undergoing some major regeneration projects across the city.

Those factors should be more than enough to entice overseas property investors to think outside of London and focus on Scotland’s capital city instead. Edinburgh also has a higher percentage (77.8%) of its working age population in employment than any other major UK city. That makes for a healthy labour market which underpins its strong economy.

Along with its economic and business credentials, Edinburgh is a picturesque city steeped in history and with roots dating back to the medieval times. It has a number of stunning natural and man-made landmarks including a famous castle that sits high above the city.

 

Financial hub

While London is one of the world’s leading financial hubs, Edinburgh is also seen as a significant financial centre within Europe. It is home to a large number of banks, insurers and fund managers.

 

 

In fact, Edinburgh is ranked the number two city after London in terms of economic growth. As a world-class city it attracts a high level of foreign investment as the UK’s second biggest financial centre. It also has a thriving technology scene.

Salaries are also high in Edinburgh and the average hourly pay was £15.00 in 2018, which is at least £1 higher per hour than seven other major UK cities. This could be partly due to the fact that a large proportion of workers are in high skilled occupations. At 37.8% of all workers, this is more than other UK cities, including London. This means a healthy rental market of young professionals.

 

University city

The University of Edinburgh is one of the most prestigious academic institutions in the UK and was ranked 20th according to recent World University Rankings.

Around one-third of the student population are from overseas, and the top five nationalities are China, the US, Germany, Canada, and Italy. This highlights Edinburgh’s appeal to an international audience.

 

 

Property opportunities

Edinburgh has long been viewed as a highly desirable place to live which means housing in the city is in high demand. Edinburgh has achieved 6% growth for residential property prices between 2018 and 2019 exceeding London, making it attractive for those looking for capital growth.

But it also offers plenty of potential as a source of income with a large pool of renters. We note that a quarter of homes in Edinburgh are privately rented compared to the UK average of 16%. The vast majority of them are owned by buy-to-let investors.

On the back of a critical shortfall in housing supply, we expect Edinburgh to be one of the top-performing residential markets in the UK over the next five years.

 

Modern city

Alongside its rich history, Edinburgh also boasts lots of modern facilities, more than 50 theatres and four respected universities. Plus many parts of the city are being regenerated including St James Quarter which is undergoing a £1 billion facelift.

New Eidyn is a new development being built in the heart of St James Quarter. It will include 152 beautifully-crafted apartments with spectacular views of the city.

What’s unique about New Eidyn is that it will be located above the new St James Quarter lifestyle destination which includes four floors of shopping, dining and leisure facilities.

 

 

The apartments include access to a private residents’ garden, underground car parking along with membership rights to the neighbouring W Edinburgh hotel’s gym.

These are high-end features for a development that could become one of the standout attractions of Edinburgh’s regeneration.

The UK is an attractive place to invest for overseas property buyers and many are now venturing further afield to look at other major cities across the country. Edinburgh should be high on that list.

 

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

 

New Eidyn - Launching in Singapore on 3rd – 4th October

Register now

 

 

22 Sep 2020

While London continues to entice property buyers and investors from all over the world, some savvy ones are looking outside the capital where prices tend to be cheaper – ‘where prices are seen as better value 58% migration into areas like Staines-upon-Thames is from London’.

Not only are prices lower once you leave the city, but many prefer the quieter suburbs and the slower pace of live living on the outskirts of a major city like London. The suburbs have an abundance of green space, parkland and a wider range of schools and other amenities which have proven more important than ever.

Thankfully there a number of leafy areas on the outskirts of London to choose from.

One such place is Staines-upon-Thames, a picturesque town nestled on the outskirts of London, on the River Thames yet only a 35 minute train ride from the city centre.

This part of the UK enjoys average residential values that are £100,000 (S$180,000) less than in central London.

 

 

Hidden gem

Eden Grove is one such development that could tick all the boxes for investors looking for lower prices than the capital, a new-build complex and plenty of perks for residents including a gym, co-working space, private cinema, landscaped gardens and a 24-hour concierge.

Launching in September, Lavender House will be the first phase of the Eden Grove development.

It will be the tallest residential building in Staines-upon-Thames offering spectacular views of the countryside.

It sits in the beautiful Surrey countryside neighbouring historical Ascot and Windsor with Windsor Castle only 14 minutes by car along with the famous Eton College.

 

 

There are also more than 20 independent schools within a six-mile radius while Heathrow Airport is a 10-minute drive away.

“It is a rarity to find a premium newly built residential opportunity not only just a short walk from the River Thames and in close proximity to the English countryside but also benefiting from exceptional transport links to Central London and Heathrow Airport.”  Paul Vallone, Executive Chairman St Edward

 

 

Growth potential

Not only is it a pleasant residential area but Staines-upon-Thames is the number one growth area in the UK for new companies to set up. including world-class businesses Netflix, Samsung and BP.

Given this, Staines-upon-Thames is in the top 10% locations across the UK for economic growth potential.

 

Another strong point is the growth potential of property prices in Staines-upon-Thames.

Property values in the area has grown 22% in the last five years and are forecast to grow by a healthy 7.6% a year from 2020 to 2024. This offers plenty of upside for capital growth while providing decent rental income.

 

‘’We expect history to repeat itself with Greater London and South East locations performing the strongest as we emerge from the COVID-19 crisis, just as they did coming out of the Global Financial Crisis. Once the dust settles house prices and rents will begin to grow again from as soon as 2021 in locations with strong demand fundamentals such as Staines-upon-Thames.’’  Nick Whitten – UK Head of Residential JLL Research

 

A one-bedroom apartment is expected to earn up to £1,575 a month in rent while a two-bed is estimated to earn around £2,000 a month.

The developer of Lavender House is St Edward which is a joint venture company between M&G Investments, owned by Prudential, and property developer Berkley.

 

 

While London has always attracted global property buyers, a new breed of overseas investor is now looking further afield at the hidden gems that the UK has to offer. These come with an enticing combination of lower prices and greater growth potential.

 

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

 

Attend the Singapore launch on 11-13 September 2020, 10am-6pm

Register here.

 

 

DOWNLOAD INVESTMENT GUIDE

 

02 Sep 2020

Berkeley announces inspiring new residential development, Eden Grove, will launch in September, setting an unrivalled benchmark for new homes in the leafy riverside location of Staines-Upon-Thames.

  • The first phase, Lavender House, will one and two bedroom apartments starting at £320,000*.
  • With Central London just 35 minutes away by train, residents can enjoy the best of both worlds and revel in the outstanding natural beauty of the surrounding Surrey countryside and River Thames.
  • Unrivalled resident facilities will include a new co-working space, a concierge, cinema, private gym and a central landscaped garden with a signature water feature.

Dates announced for exclusive launch events – click here to register (Singapore)

 

Date

City

1 September

India

1 September

Middle East

5 and 6 September

Beijing

5 and 6 September

Shanghai

11, 12 and 13 September

Singapore

19th and 20th September

Kuala Lumpur

24th September

Taipei

26 and 27 September

Hong Kong

 

 

Berkeley has revealed plans for the first phase of Eden Grove, a 2.57 Acres / 1.04 Hectares development nestled in the leafy riverside location Staines-Upon-Thames.

When complete, Eden Grove will feature 489 homes and become the tallest residential building in Staines-Upon-Thames offering spectacular views of the surrounding Surrey countryside.

Phase one, Lavender House, will launch in 11-13 September with the release of 130 exceptional one and two bedroom apartments, presenting an opportunity to invest in a quintessentially British destination, just moments from the River Thames and 35 minutes away from the heart of the Capital. 

The homes will range in size from 442 sq ft to 793 sq ft with prices starting at £320,000, with some benefiting from outside private balconies overlooking the town and surrounding green spaces.

 

A new living experience

Eden Grove will bring a new calibre of living to Staines-Upon-Thames. With exceptional architecture, the buildings are arranged as pavilions around a shared garden space, orientated to capture as much daylight as possible.

Residents can expect a high specification throughout, from the unique and stylish interiors through to the biodiverse landscaped gardens and signature water feature.

 

 

Residents living in Eden Grove will benefit from Berkeley’s industry-leading approach to delivering outstanding residential property where convenience and comfort are paramount. Residents will have unlimited access to an unrivalled array of facilities, setting a new standard for new build homes in the area.

The concierge will serve every apartment and there will also be access to a private gym, cycling studio, cinema as well as a co-working space for residents who wish to work from home.

 

 

Enjoy the best Surrey has to offer

Staines-Upon-Thames, set on the River Thames, is surrounded by picturesque green space with a thriving mix of shops, cafes and restaurants within reach of Eden Grove.

Residents can enjoy the outstanding natural beauty of the surrounding Surrey countryside and towns with their historic, royal and sporting significance including Windsor Castle, Ascot or Guards Polo Club.

Access to educational excellence

Royal Holloway is only a six minute drive away and over 20 independent schools are within a six mile radius of Eden Grove, including Eton College.  Four of London’s Top 10 universities are within a 25 mile drive or less than an hour’s train journey away. This includes Imperial College London, King’s College London, University College of London and London School of Economics.

 

 

Invest in a thriving economy

In the past five years, property prices have risen faster in Staines-Upon -Thames than many of the surrounding areas, and at a higher rate than the London average, with rental yields also increasing.

Eden Grove is exceptionally well located, surrounded by the most expensive commuter real estate outside of London, with a vibrant economy and within easy access of London.

The area was also recently ranked No.1 for start-ups and features in the top 10% of all UK destinations for long-term growth potential.

 

Superior connectivity by rail, road and air

Eden Grove boasts superb transport connectivity. The development is a five minute walk from the train station, with Knightsbridge, Bond Street and the West End less than an hour away by train.

Residents are a short 10 minute drive to London Heathrow Airport and a short drive from Royal Holloway University and Eton College.

Paul Vallone, Executive Chairman St Edward, It is a rarity to find a premium newly built residential opportunity not only just a short walk from the River Thames and in close proximity to the English countryside but also benefiting from exceptional transport links to Central London and Heathrow Airport. Eden Grove presents a unique and exceptional opportunity in one of the most prestigious and historic catchments in the UK. We are proud to be offering a new approach to living in Staines-Upon-Thames, one of Surrey’s ‘hidden gems’.”

Nick Whitten – UK Head of Residential JLL Research ‘’We expect history to repeat itself with Greater London and South East locations performing the strongest as we emerge from the COVID-19 crisis, just as they did coming out of the Global Financial Crisis. Once the dust settles house prices and rents will begin to grow again from as soon as 2021 in locations with strong demand fundamentals such as Staines-upon-Thames.’’

Andrew Hawkins, Head of International Residential Sales & Marketing at Savills We are thrilled to bring the first phase of Eden Grove in Staines-upon-Thames to the market. A regeneration scheme located only 35 minutes by train to London Waterloo and surrounded by some of the most expensive commuter real estate in Surrey outside of London. Along with its outstanding residents facilities and communal gardens, Eden Grove will attract interest from around the globe to investors who see the investment opportunity of not only the booming economy of Staines-Upon-Thames; recently ranked no1 for start-ups, headquarter to global brands yet its proximity to first class educational offerings of Royal Holloway University and Eton College.”

 

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

 

Attend the Singapore launch on 11-13 September 2020, 10am-6pm

Register here.

 

 

DOWNLOAD INVESTMENT GUIDE

 

Developer:

Founded in 1976, Berkeley is one of the UK's best known developers of new homes. The vision has been the same since the beginning: to be a dynamic and innovative company with a passionate commitment to provide superbly designed and built homes in excellent locations in London and the South East of England. 'Berkeley' has undoubtedly become a byword for excellence.

Berkeley's first homes were typically large executive style properties, but today the Berkeley portfolio reflects the aspirations of a much broader range of home buyers, encompassing medium to large-scale developments in towns, cities and the countryside, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces. The company has also gained considerable experience in creating sustainable communities within complex regeneration schemes and today all building takes place on brownfield sites.

In 2015, Berkeley further consolidated its commitment to exemplary customer service by becoming the first homebuilder to receive a ServiceMark accreditation from the Institute of Customer Service. Berkeley’s Health & Safety record is also to be commended: its performance this year is the strongest ever, even though staff numbers are at an all-time high.

The Berkeley Group is made up of five main autonomous companies: St George, St James, Berkeley, St Edward and St William.

 

 

Disclaimer: Jones Lang LaSalle Property Consultants Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Jones Lang LaSalle Property Consultants Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Jones Lang LaSalle Property Consultants Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. This form was produced solely for preliminary orientation on the property and is not a sales documentation. It does not constitute any offer or part of any contract for sale or otherwise. It contains data that has been provided to JLL by third parties and while we believe it is reliable, we have not independently verified it and take no responsibility for it. The projections, opinions, assumptions or estimates are included for examples only and may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the Property and transaction. 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.

*Prices and details correct at the time of release and subjected to change(s) without prior notice. All images are computer generated and are indicative and used for illustrative purposes only. Travel times stated are approximate, calculated at optimum travel times using google.co.uk/maps, tfl.gov.uk and google.co.uk/maps and are indicative only. Planning Permission number: 19/00290 and 19/01051 granted by Spelthorne Borough Council

14 Sep 2020

In recent years, London has seen phenomenal growth in property prices which is testimony to its economic stability and attractiveness as a great place to live. This has put it firmly on the radar of property investors, keen to tap into these rising prices while also earning a decent yield from rental income.

Foreign buyers particularly like investing in London, and strong overseas demand is helping to keep property prices in the capital edging upwards. Many are drawn to its glitzy and star-studded districts like Chelsea and Kensington.

But there are a wide number of areas being regenerated across the city by the UK government which could attract even more buyers to invest.

These regeneration projects tend to be in older neighbourhoods in need of fresh capital to help revitalise them and spark economic growth. This provides an excellent opportunity to invest as property prices are generally lower than other parts of the city, but offer greater potential for capital growth.

Billions of pounds are being invested across many parts of London including its East End. This money will go towards improvements to infrastructure and amenities in those areas and create increased demand for housing. Developers in the UK are often instructed not just to build residential buildings, but also to create new community hubs for residents to live, work and play as part of the regeneration.

TwelveTrees Park is being built in the borough of Newham, in the heart of London’s East End where a number of these regeneration projects are happening. It’s one of the most highly anticipated large-scale developments in London given its enviable location and connectivity.

Newham is already home to a highly-successful regeneration project in the form of Olympic Park which was revitalised for the 2012 Olympic games. More than £1billion is now being spent on developing the park further.

 

Growth potential

Newham’s population is expected to grow in the next few years to more than 380,000 making it comparable to many of the UK’s smaller cities. This will create a need for more housing in the area, including new builds like TwelveTrees Park.

Figures show that house prices in this area have already been growing strongly and should continue to do so as the regeneration projects take shape.

Property buyers are likely to be drawn to TwelveTrees Park because of its connectivity to other parts of London and the enviable greenery it offers, along with its growth potential.

This new development will be set in 12 acres of open green space that includes landscaped gardens and a WiFi enabled park. In fact, more than half of TwelveTrees Park will be dedicated to green space.

The ambitious development will include around 3,800 homes – a mix of studios, one, two and three-bedroom apartments along with exclusive penthouses – spread across the vast green space. This offers plenty of price points for property investors for TwelveTrees Park, which will be completed by 2024.

 

 

Getting connected

Connectivity is a strong point of TwelveTrees Park, as it’s only a one-minute walk from West Ham station, which is linked to five rail and tube lines offering fast and regular links to the city centre and beyond.

The location also has quick access to the high-speed Crossrail network, while London City Airport is just 10 minutes away. Investors like to buy properties close to public transport as it makes them much easier to rent out.

Those living in the development will have access to a residents’ gym, business lounge, screening room and 24-hour concierge service. Such features are attractive to tenants and should help achieve higher rental incomes.

 

Sweet spot

“TwelveTrees Park is in the sweet spot given its great location in a part of London which will also benefit from major regeneration. This will be one of the best-connected developments in London and a big part of the growing transformation of East London,” said Widya Lesta, Head of International Residential, JLL Singapore.

As TwelveTrees Park enters its early sale period, now is seen as an excellent time to gain a first-mover advantage and invest. The growth potential and location are major attractions likely to spark strong demand.

 

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

 

19 Aug 2020