Sunday 9 March 2014

Loves the London location

If I can only buy one London apartment, this would be the one. The location is just excellent. It is in Zone 1 and within walking distance to Leicester Square, Piccardilly circus and Chinatown. If you miss chinese food in London, you can just swing by the Chinatown which is just 5 mins walk. Can't get better than this for Asians or overseas chinese. It's heart of most action in London and you can catch the popular musicals there too. Will I invest now? I don't think so as there will be more policies coming to curb the rising property prices in London. Most of which is vacant and owned by foreigners as a hedge against inflation. This has prompted many calls to the government to do something about it so I believed something major will happen soon.

Furthermore, this property doesn't come cheap. It cost about GBP 527,100 pounds as advertised and it ranges from 296-429 Sqft.  This works out to be GBP 1,228-1,780 psf. That's SGD2,603 - 3,773 psf. That's expensive and London property is nearing the peak now so better to just wait. 





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