I have been MIA for quite long mainly due to some heavy traveling. Anyway, since i was in London 2 weeks ago, i did a little bit of research on the Battersea Power Station project.
SP Sertia is launching Battersea Power Station in London which is in Zone 1 but across the Thames river. London sounds interesting as there are lots of things you can do in UK. There are many world class museums, famous musicals playing everyday, rich history, beautiful scenery in the country side and many many more.
It was advertised at GBP343,000 for 400 sqft (non river facing) for a one bedder. This works out to be GBP858 psf which is about SGD1,629 psf.
The area is actually a regeneration of a former industrial area. This is how it actually looked like from afar.
And this from really far. Well, it is actually taken from the vauxhall station (bottom left corner of the map) as there isn't any underground serving that area now. In future, it is said that there will be a direct line to Leicester square. That's a really a major plus point as Leicester square is a very popular place. Chinatown is there too for those who miss chinese food when abroad. Well, in London, you can find almost any kind of food there. It is really cosmopolitan and it is no longer just englishman there. You can no longer tell the city just by looking at the faces. It may be because of their lax immigration policy and many political asylum seekers.
Some views of the other properties near to vauxhall station.
The last picture has nothing to do with the properties but it is just me enjoying a cup of cappuccino overlooking the Tower Bridge.
Is it a good time to buy a London property since now Sing dollar to the pound is at an all time high? I recalled the mighty pound was as high as 1 GBP to 3 SGD during my student days. Now, it is less than 2 SGD.
However, the gains seem to be eroded by the rise of the London property prices too. It could be just marginal gain over the years. There are many articles in the internet that says the boom is over for London properties (not until 2019). There're lots of theories to back this up and also further government's intervention. I think that's probably enough to adopt a wait and see approach.
SP Sertia is launching Battersea Power Station in London which is in Zone 1 but across the Thames river. London sounds interesting as there are lots of things you can do in UK. There are many world class museums, famous musicals playing everyday, rich history, beautiful scenery in the country side and many many more.
It was advertised at GBP343,000 for 400 sqft (non river facing) for a one bedder. This works out to be GBP858 psf which is about SGD1,629 psf.
The area is actually a regeneration of a former industrial area. This is how it actually looked like from afar.
And this from really far. Well, it is actually taken from the vauxhall station (bottom left corner of the map) as there isn't any underground serving that area now. In future, it is said that there will be a direct line to Leicester square. That's a really a major plus point as Leicester square is a very popular place. Chinatown is there too for those who miss chinese food when abroad. Well, in London, you can find almost any kind of food there. It is really cosmopolitan and it is no longer just englishman there. You can no longer tell the city just by looking at the faces. It may be because of their lax immigration policy and many political asylum seekers.
On the other end of the river thames, you can see the London eye (from Vauxhall station).
Some views of the other properties near to vauxhall station.
The last picture has nothing to do with the properties but it is just me enjoying a cup of cappuccino overlooking the Tower Bridge.
Is it a good time to buy a London property since now Sing dollar to the pound is at an all time high? I recalled the mighty pound was as high as 1 GBP to 3 SGD during my student days. Now, it is less than 2 SGD.
However, the gains seem to be eroded by the rise of the London property prices too. It could be just marginal gain over the years. There are many articles in the internet that says the boom is over for London properties (not until 2019). There're lots of theories to back this up and also further government's intervention. I think that's probably enough to adopt a wait and see approach.
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