St William, part of the Berkeley Group, has launched Poplar Riverside, a major new riverside neighbourhood on the banks of the River Lea in Poplar, London.&nbsp;A significant new chapter for this part of the capital, Poplar Riverside occupies 20 acres and will provide 2,800 new homes, a new school, a new park, as well as a gym, a cr&egrave;che, shops, restaurants and cafes all set to become a new and vibrant Zone 2/3 neighbourhood.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1624950723/olmwebcontents/ip/prod/qil2dmx99dn1ate24imm.jpg" />Life on the WaterfrontA sustainable, green community sits at the heart of St William&rsquo;s vision for Poplar Riverside, with landscaped gardens and open space covering more than half of the scheme.The new riverside walkway and park will create a vibrant outdoor public space to be enjoyed throughout the seasons. Designed by LDA Design, the landscape will include 227 semi-mature trees (including the rare Black Poplar), thousands of shrubs and tens of thousands of plants to create a variety of new natural habitats. The new green open spaces will create a 55% gain in Net Biodiversity.A new play area will be incorporated within the park, alongside a large terrace and a 10,000 sq ft outdoor performance space at Shelduck Square that will be used for public events. In addition, a public square featuring a caf&eacute; and Wi-Fi-enabled spaces will serve as a venue for community events.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1624950733/olmwebcontents/ip/prod/w6qqn4hdf5l91x1qflhi.jpg" />Riverside homes and world-class residents&rsquo; facilities&nbsp;New homes reflect the character, colours, and textures of the surrounding East London architecture. All apartments feature outside space, many with river, park and city views. The spacious internal layouts and large feature windows flood rooms with natural light.As part of the extensive regeneration, St William is delivering 16,000 sq ft of carefully considered residents&rsquo; facilities to meet today&rsquo;s demands of living in the capital. Residents can unwind with far reaching views of the River Lea from The Riverside Club, which will include a 20-metre swimming pool, a vitality pool, salt inhalation room, steam room and private treatment room. Working from home is made easy with exclusive workspace facilities, including a large business lounge with open plan spaces and meeting rooms. A vibrant social scene will be created thanks to a Den Lounge, private hire dining rooms, cinema and games room. Residents will also have access to a 24-hour concierge service.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1624950742/olmwebcontents/ip/prod/owevurxu7prcgybkaqfo.jpg" />A Thriving NeighbourhoodWhether travelling by foot, bike, car or train, residents will enjoy excellent transport connections from Poplar Riverside. East India and Canning Town Stations are less than a 15-minute walk away meaning residents can access Waterloo in 13 minutes, Westminster in 17 minutes and Bond Street in 22 minutes. For those travelling by bike, Canary Wharf is just 12-minutes away and Bank and Waterloo are also just 31 minutes away.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1624950748/olmwebcontents/ip/prod/yamvftwrqbahm1x0jbzd.png" />Residents will have access to a new pedestrian bridge, which is being built over the River Lea, allowing residents to enjoy a pleasant and convenient walking route directly to the City.For leisure and travel further afield, Stratford International and Westfield Stratford City are both less than 25 minutes away by bike.For more information, please contact JLL International Residential at +852 3759 0909 or via email:&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Poplar Riverside: An investment hidden gem in London E14 area

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1624950646/olmwebcontents/ip/prod/g0vrfyfdu4372xazrfsy.png

Just 23 minutes by train from London Paddington, Reading has long been a favourite of commuters looking for cheaper rents than the capital. Now, heavy investment in business facilities, education and transport infrastructure are making the town even more appealing to professionals, families, and property investors.Reasons to invest in ReadingNamed the fastest growing region in the UK by Ernst &amp; Young from 2020 to 2023, Reading is set for consistent growth as investments in business parks and the new &pound;900 million Crossrail station continue to drive demand and property values in the coming years. Reading's digital sector is one of the most concentrated in the UK, attracting major global companies such as Microsoft and Huawei that can benefit from world-class amenities and a steady supply of talent from overseas and the local University of Reading, which ranked in the top 30 universities in the UK.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1621243842/olmwebcontents/ip/prod/c5y4telpu8fdfnbicfhd.png" />Big city perks without the downsideMany London commuters prefer living in Reading for its lower prices and the smaller town experience. Reading offers the experiences of modern city living on a manageable scale, the River Thames and Berkshire countryside being within easy reach. The Oracle and Broad Street shopping malls are at opposite ends of the high street, featuring a mix of big brands, independent boutiques and eclectic eateries catering to Reading's multi-ethnic population. There's also fine dining at the London Street Brasserie and Michelin-starred L'Ortolan.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1621243850/olmwebcontents/ip/prod/ecbpmqjycvh4l85fcikz.jpg" />Strong education provisionFamilies moving to Reading will appreciate having nature and heritage sites on the doorstep, as well as high-performing local schools that boast some of the best GCSE and A-level grades in the UK.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1621243857/olmwebcontents/ip/prod/tibmlv0kmj1ivs3nnqjo.jpg" />Riverside livingNew residential developments are meeting the demand for well-connected property in Reading, from CBD apartments to the Berkeley Group's new riverside quarter Huntley Wharf, a residential-led development with commercial and communal facilities a short walk from Reading station.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1621243864/olmwebcontents/ip/prod/orof0aoxqzxn4o6uu0mn.png" />For more information about Huntley Wharf and other residential properties in the United Kingdom, please contact JLL International Residential at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.&nbsp;&nbsp;Disclaimer:Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. In the event of discrepancies between the Chinese and English versions, the English version shall prevail. *Prices and details correct at time of going to press. Travel times are approximate. Source:&nbsp;<a href="http://thetrainline.com/?fbclid=IwAR1f3M3utpEoVSrSe6Sqbw5Z_8GacXc-f-ARFh2TmmF13rZ4j_k0uZexE6I" target="_blank">thetrainline.com.</a>&nbsp;^On selected apartments. Computer generated images are indicative only. Planning Permission Number: 170509 and 171009 granted by Reading Borough Council. Acquiring interest in an apartment in the building with 999-year lease. Property ID: IRP_N_101_00371. Last update date: 17 May 2021.

Reading: Why London's commuter hotspot is the UK's most promising investment opportunity

thumbnail

raj0hwntg0gq58yti50s (2)

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1621243824/olmwebcontents/ip/prod/raj0hwntg0gq58yti50s.png

City North is a mixed-use development and a joint venture between Telford Homes and the Business Design Centre Group. Set across four sleek and stylish buildings, this exclusive collection of spacious suites, 1 to 4 bedroom apartments, duplexes and penthouses is only 15 minutes from the heart of the City of London. Homes are ready for occupation and can benefit from the Stamp Duty Holiday.The Capital on its DoorstepFinsbury Park is one of the best-connected neighbourhoods in North London, and its station is only a minute&rsquo;s walk from City North. The new western entrance to the tube and rail station created as part of the City North development provides easy access to the Victoria and Piccadilly line &ndash; it only takes 4 minutes by tube to King&rsquo;s Cross and 9 minutes to Oxford Circus.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617006964/olmwebcontents/ip/prod/edahyu1rkgbye1yrjnjm.jpg" />City North is set amongst some of London&rsquo;s finest outdoor spaces. As well as having the 110-acre Finsbury Park on its doorstep, residents may explore the natural beauty of the 4.5 miles Parkland Walk, which takes them along the course of a tree-lined former railway line to Highgate. The East &amp; West Reservoirs are close by for walks, watersports and open-water swimming. Other facilities in Finsbury Park include Outdoor Gym, Athletics Track, Cycling, Tennis Court, Caf&eacute; and Art Gallery.Finsbury Park and the neighbouring Stroud Green are a major destination for foodies, attracted by the excellent range of cuisine on offer. From mouth-watering tapas at La Fabrica, through to sensational Lebanese dishes at My Cottage Caf&eacute;, residents will find great food for every mood and occasion.A New Home for Cultural Excellence and Exclusive LeisureSet to become a destination in its own right, City North is the focal point of a ground-breaking regeneration that is transforming the area. It is located in a centre of excellence for the art world, featuring the recently created John Jones Art Building and the popular Park Theatre. There is also a multi-screen cinema, supermarket, fitness centre and a selection of retail and culinary experiences within easy reach.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617006973/olmwebcontents/ip/prod/pxgyqk2qbdkf8rchwidl.jpg" />The Pavilion at City North is a private residents&rsquo; landscaped roof garden of over 2,000 square metres. Providing an outdoor seating area with sweeping vistas across the capital &ndash; from Finsbury Park, The City to Canary Wharf. It features an attractive residents&rsquo; Wi-Fi Lounge which offers a tranquil haven to enjoy all year-round.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617006982/olmwebcontents/ip/prod/umsn1lwfqx14nlbatfzq.jpg" />City North also offers a 24-hour concierge providing a hassle-free experience including restaurant reservations and taxi scheduling. Units at City North start from &pound;530,000. For further information, please contact +852 3759 0909 or email&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.&nbsp;&nbsp;Disclaimer:You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. * Prices correct at time of going to press. Prices subject to change without prior notice. ^Walking times and travelling times are approximate. Planning Permission no: P092492 granted by London Borough of Islington. Property ID Number: IRP_N_101_00085. Acquiring interest in an apartment in the building with 999-years leasehold. The last updated date: 29.03.2021.&nbsp;

A New Landmark and a Vibrant, Cosmopolitan Development in Finsbury Park

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617006883/olmwebcontents/ip/prod/qkuetv7drxarhf8spgki.jpg

My vacation in Lisbon was almost by accident and almost shouldn&rsquo;t have happened. For the winter of 2018, I had planned to traverse the North African country of Morocco, spending time in Marrakech before tackling the Atlas Mountains, Sahara Desert and then enjoying the cultural parts of the ancient city of Fes.One of the last things to get planned was where to stay on the way back from Morocco. It was decided that we spend a week in Lisbon, with it being a hub of connections to the Middle East and other major destinations. My time in Lisbon has ultimately led me to say that it is a highly underrated and often overlooked European destination.&nbsp;The Old Town District, AlfamaWe decided to stay in the neighborhood of Alfama, the old town district. Plenty of character, old buildings, narrow cobbled streets. Instead of a hotel, we chose a 2-bedroom serviced apartment which was newly refurbished. Although the building had plenty of character and all appliances worked brilliantly, it was still an older building with no lift (we lived on the top floor) and only a narrow staircase to walk up. I certainly see why new-builds with an elevator would be in high demand in Lisbon.A Gourmet Journey of Portuguese History and InfluencesI think many people will agree with me that exploring new cuisines is one of the best aspects of travelling. In Portugal, it is impossible to avoid cod and sardines, cooked in a thousand different ways. Overall, I found the food to be incredibly good and it was very interesting to taste Portuguese history and influences from around the world in its cuisine. For foodies, I recommend spending a good amount of time at the Timeout Food Market, which showcases food from the best restaurants and chefs from around Portugal, as well as artisanal food products from around the country. The food market nature of the area means that everyone is free to explore and choose what they would like to eat, so definitely go with a group.&nbsp;<img alt="" height="510" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658601/olmwebcontents/ip/prod/wmwtsfb9mgwj6dsz9zfk.jpg" width="287" />&nbsp;After spending more than a week in Morocco, I was looking forward to having a drink and thankfully, I found that Lisbon has some great places to grab a cold drink. I caught up with friends in a local restaurant run by grandpa and grandma trying to order despite the language barrier. I would always recommend being adventurous and going to small restaurants without flashy advertising. In terms of nightlife, my favorite memory was seeing a hole in the wall (literally), which turned out to be a speakeasy bar (called Ulysses), run by a Portuguese/Canadian who used to be a professor at my university! It was a really interesting find, offering guests bespoke cocktails with no menu. The bartender asks what you like and then makes you a cocktail on the spot. It seats a maximum of eight people, and that is a tight fit! All in all, given the quality of the food, I found myself spending roughly half the amount as I normally would for dining out as when compared to London or Amsterdam.SightseeingI found getting around Lisbon to be very convenient. I prefer walking around a city when I am traveling, and Lisbon was no exception as it gives a better perspective of the place you are visiting. However, using the Metro is also very straightforward and convenient. I would highly recommend taking the #28 tram as it goes through some of the narrowest parts of town and has a stop in Lisbon&rsquo;s very own Chinatown &ndash; just beware of pickpockets!&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658611/olmwebcontents/ip/prod/fplrcxpjkevleheczhny.jpg" />&nbsp;One of the highlights of walking around Lisbon was getting to see the various architectural styles that the buildings have to offer. My personal favorite was noticing the intricate details of the Azulejo tiles (brief history, 13th&nbsp;century, etc.). It is interesting to see the different drawings and colors that occur throughout the city. You will sometimes also see these designs in the interiors of fancy cafes.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658620/olmwebcontents/ip/prod/iy6fmkwwtb693teiehmp.jpg" />&nbsp;As for getting a taste of the Christmas spirit in Lisbon, hang-out in Praca do Comercio &ndash; pedestrian-only streets with little stores and sidewalk cafes.To enjoy a bit of the trendy lifestyle that Lisbon has to offer, I would spend some time shopping in Chiado, a traditionally wealthier part of the city. The neighborhood has stylish shops, local brands and very trendy cafes and restaurants. &nbsp;For a great vantage point to admire the city and coastline, I decided to pay a visit to the Castelo de S. Jorge. Walking up through Alfama was an interesting journey of seeing how the old town was built and how it compares to the rest of the city. On the way down, there are plenty of cafes to which you can have a pitstop and enjoy an espresso with a pastel de nata (egg-tart).&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658627/olmwebcontents/ip/prod/dd9wiz3kfysrpwtoajad.jpg" />&nbsp;Laidback City with Incredibly Friendly PeopleMy overall impression of Lisbon is a very laidback city with incredibly friendly people. It is quite cheap compared to other &lsquo;major&rsquo; European countries and I can definitely see why young people from other European cities would consider living here. You can feel people here like to enjoy life. In my European travel experience, there are only a few cities where you can genuinely feel the vibrant colors of the city &ndash; Lisbon is definitely one of these rare cities. A place full of history and character, I would love the opportunity to go back and explore Lisbon more in-depth as well as other parts of Portugal.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658635/olmwebcontents/ip/prod/qhq3aodvtshjsxkxomla.jpg" />

Vacation in Lisbon, Portugal - A Place Full of History and Character

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1616658465/olmwebcontents/ip/prod/hnyccaxjvwg0vnecomrb.jpg

Shibaura is located in the Minato ward of Tokyo, Japan, and also in the southeast district of ​​the busy Yamanote Line, accessible from Tamachi Station. As the starting point of Rainbow Bridge that connects to the entertainment hub of Odaiba, Shibaura was developed into a residential and commercial area in the early 2000s. Many corporate headquarters are located in this area. Along with the vigorous development in recent years, the area has complete facilities, including parks, schools, supermarkets, etc. The bay area is now a very popular middle-class residential area.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799321/olmwebcontents/ip/prod/1-Branz_Tower_Shibaura.jpg" />From Tamachi Station&nbsp;The Shibaura area is extremely well-connected. The area is reachable from Tamachi Station on the Yamanote Line and Mita Subway Station. By using the subway Mita Line and Asakusa Line&rsquo;s Mita Station, there are 5 stations directly to Tokyo Commercial Center (Otemachi). The famous Tokyo university "Keio University" is near Mita Station, so this area is also very popular with university students.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/2-Branz_Tower_Shibaura.jpg" />Keio University&nbsp;From the Tamachi Station, walk along "NAGISA Avenue" to the direction of Rainbow Bridge. You will find supermarkets, restaurants and drug stores along the road. The Shibaura Canal Festival is held here in Shibaura Shopping Street every year at the end of September.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/3-Branz_Tower_Shibaura.jpg" />&nbsp;Near "NAGISA Avenue", you will see a five-story transparent glass building. This is "SHIBAURA HOUSE" designed by the famous architect, Kazuyo Sejima. The first and second floors of the "SHIBAURA HOUSE" are open to the public on weekdays. This is a place where people can work, read books, and eat in order to promote exchanges among the residents in Shibaura.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/4-Branz_Tower_Shibaura.jpg" />&nbsp;Continue walking towards Rainbow Bridge and we will arrive at Shibaura Island. The 4 high-rise residential buildings here are representative of Shibaura's high-end residential buildings. Here you will find canal cafes, restaurants and a 24-hour supermarket.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/5-Branz_Tower_Shibaura.jpg" />Shibaura Island&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/6-Branz_Tower_Shibaura.jpg" />24-hours supermarket&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799322/olmwebcontents/ip/prod/7-Branz_Tower_Shibaura.jpg" />Canal side&nbsp;&nbsp;Shibaura South Port Park is a marine park under the Rainbow Bridge. You can enjoy the bridge, Tokyo Bay and the night view up close. It is also the place where Tokyo people will come to enjoy the first sunrise of the new year on January 1. The park has open spaces such as benches and a sports plaza where you can play baseball and football. A 3-minute walk from Shibaura South Port Park is the entrance of the Rainbow Bridge Walkway. The walkway is about 1.7 kilometers long. It takes about 20-30 minutes to complete the walk. The walkway is divided to the left and right sides (north and south). The north side faces Harumi Toyosu, where you can see the Tokyo Tower; the south side faces Odaiba. If you come to Tokyo for a trip, you might as well visit the Rainbow Bridge Walkway!&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799321/olmwebcontents/ip/prod/8-Branz_Tower_Shibaura.jpg" />&nbsp;From the rooftop garden of Branz Tower Shibaura, you can enjoy a 360&deg; panaromic view of the bay area. Towards the East, you can appreciate the Rainbow Bridge and mesmerizing sunrise. Towards the West, there is the iconic Tokyo night scene.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799321/olmwebcontents/ip/prod/9-Branz_Tower_Shibaura.jpg" />&nbsp;For further information, please click&nbsp; <a href="https://internationalresidential.jll.com.hk/insights/article/walking-around-shibaura-the-popular-bay-area-of-tokyo?utm_medium=website&amp;utm_source=jll&amp;utm_campaign=branz-tower-shibaura-2021&amp;utm_content=article">here</a>&nbsp;or contact +852 3759 0909,&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.&nbsp;&nbsp;DisclaimerPurchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Planning Permission no: 300359 (10th Sep 2018) granted by UHEC. Acquiring interest in an apartment with freehold. Property ID Number: IRP_N_101_2285. Last updated date: 15.03.2021

Walking Around Shibaura, the Popular Bay Area of Tokyo

v7xyydocbqglcrjdwmfm

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615799669/olmwebcontents/ip/prod/v7xyydocbqglcrjdwmfm.jpg

Rishi Sunak, UK Chancellor of the Exchequer, delivered his new Budget on Wednesday 3 March 2021. The Budget sets out the distributional impact on households of tax, welfare and public service spending decisions. On a wider economic context, there is also focus on trends in employment, earnings and household incomes &ndash; including the impacts of COVID-19.&ldquo;There are many welcome announcements within this Budget,&rdquo; said&nbsp;Nick Whitten, Head of UK Living Research at JLL.Major policies related to real estate market:Extended Stamp Duty HolidayResponding to calls from the industry and to prevent over a third of the deals from falling through, Sunak has extended the Stamp Duty Holiday. No tax will be levied on the first &pound;500,000 of property purchases in England and Northern Ireland until 30 June 2021. To assist a smooth transition, the threshold will be reduced to &pound;250,000 from July to September 2021. For completions after 1 October 2021, stamp duty will return to the usual level of &pound;125,000.Overall, JLL believes that the stamp duty holiday provided a much-needed confidence boost to the housing market. The extension will provide welcome relief to purchasers on the edge of the original deadline and open the door to additional buyers, where the clock is now effectively ticking.According to statistics, it has taken an average of 54 days to sell a home since the stamp duty holiday was introduced in July 2020, down from an average of 70 days 12 months prior. Assuming the average time to sell a home remains at the current level, aspiring buyers have until 7th&nbsp;May to begin a purchase to take advantage of the full holiday extension.&nbsp;2% Overseas Stamp Duty SurplusWith reference to last year&rsquo;s budget, it has been confirmed that a 2% overseas stamp duty surplus for purchasers of residential property in England and Northern Ireland who are not resident in the United Kingdom. The measure will apply to land transactions with an effective date of 1 April 2021 or later.From our perspective, this tax represents a big shift in UK Government policy away from an open trade policy &ndash; until now there has never been a consideration of an investor&rsquo;s origin if they are looking to buy an investment home.Undoubtedly, JLL recognises that this tax will create initial market resistance until it becomes accepted. However, it should be noted that many other competing cities already provide higher levels of overseas taxation; so, UK&rsquo;s major cities should remain competitive on the international stage.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1614910747/olmwebcontents/ip/prod/q23rcvkrvkwtbtdqkcnf.jpg" />Increase in Corporation TaxCorporation tax on company profits above &pound;250,000 is set to rise from 19% to 25% in April 2023. The 19% corporation tax rate is retained for those companies with small profits under &pound;50,000. The tax rate for profits between &pound;50,000 and &pound;250,000 will be taxed at a rate between 19% to 25%, depending on the government&rsquo;s relief.Therefore, JLL envisions that this will affect all companies that own a portfolio of UK commercial and residential property.&nbsp;Overall Budget ConclusionThe underlying message from the budget was that the outlook for economic growth is better than anticipated. There are various supports for the vaccination rollout, businesses, arts and sports to resume. GDP will reach its pre-pandemic level six months earlier than expected, while unemployment is expected to peak at 6.5%, rather than the initially anticipated 11.9% in June 2020.The Budget&rsquo;s stamp duty and mortgage measures may create a &lsquo;generation buy&rsquo;; however, to suit a greater variety of end user needs, renting as an aspirational lifestyle choice will still be apparent.&nbsp;For further information, please contact +852 3759 0909 or email&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

UK Budget 2021: a good news for home buyers

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1614910727/olmwebcontents/ip/prod/n5mf2kn0mkg8gq06wcdf.jpg

St James, part of the Berkeley Group, has launched a new collection of parkside homes set within the green landscape of White City Living in London&rsquo;s W12.&nbsp;A world class social, cultural and educational destination&nbsp;Parkside residents will find themselves surrounded by world-class retail, entertainment, education, culture and commerce, with Westfield London &ndash; Europe&rsquo;s largest retail destination &ndash; on the doorstep, which is now home to the second branch of Harrods, the world&rsquo;s leading luxury department store.&nbsp;In addition, White City Living is located within 30-minutes of four of London&rsquo;s top five universities including University College London, London School of Economics and Imperial College London, which is currently developing a new 23-acre campus and innovation hub adjacent to the scheme. Families are also well catered for, with the prestigious Notting Hill Prep School and St Paul&rsquo;s Girls School located close-by, while Eton College and Harrow School can be reached within 40 minutes.Positioned moments from Holland Park, Notting Hill and Kensington, White City Living is home to more than 2,300 new homes alongside 60,000 sq ft of mixed-use commercial space and eight acres of open green landscaping, including the Exhibition Park which is a new five-acre public park.Residents enjoy outstanding transport connections to London and beyond. White City and Wood Lane Underground stations provide quick and easy access to key London hotspots including West End, Bond Street and Mayfair in less than 15 minutes.&nbsp;At home in natureAptly named Parkside, the new apartments overlook the Central Gardens and offer some of the best views of this new neighbourhood, located within eight acres of open green landscaping, including magnolia gardens and serene waterscapes.Designed by internationally renowned architects Patel Taylor, Parkside&rsquo;s elevated views face to the west, whilst the verdant gardens below epitomise the passing seasons.With a landscape designed by Murdoch Wickham, White City Living&rsquo;s extensive green spaces mean the new Parkside apartments are enveloped by nature. Residents can enjoy a network of water gardens and landscaping features, with all apartments featuring outside space in the form of balconies or terraces.Enhancing biodiversity and giving life to a spectacular landscape is key to St James&rsquo; regeneration vision; so far more than 6,400 native trees have been hand-selected along with a wide variety of native planting, which will provide valuable habitats for a range of wildlife.The landscape is almost entirely car-free to encourage a pedestrian approach and aims to deliver a greener environment. Electric car charging points are provided to all parking spaces, alongside an on-site car sharing club and secure cycle parking.&nbsp;&nbsp;A seamless experienceParkside includes suites, one, two- and three-bedroom apartments that are ideally suited to owner-occupiers looking to take advantage of all the area has to offer; including access to Imperial College London&rsquo;s largest campus, Westfield London and outstanding transport connections.Catering perfectly for modern life, residents enjoy access to White City Living&rsquo;s unrivalled private facilities which will be newly opened at the beginning of 2021. A state-of-the-art Home Club occupies more than 20,000 sq ft across two buildings. The Home Club is a multifunctional space to work, meet, socialise, relax, and keep fit. Residents also have access to two individually designed private lounges that provide a perfect place to work during the day or relax in the evening and a 24-hour concierge.Touch-free access technology is incorporated throughout all residents&rsquo; facilities. This innovative technology removes the need for residents to touch door handles or press lift buttons and switches, from the moment they arrive at White City Living.Mandy Wong, Head of International Residential at JLL in Hong Kong&nbsp;said, &ldquo;The UK housing market has been generating high interest from buyers in Hong Kong, with investors recognising its resilience even amid pressure from uncertainties following Brexit and Covid-19. A rising trend in remote working has led to growing demand from affluent young families for a flexible work-leisure space that has both access to nature and convenient technologies. Parkside embodies all of these features on top of having excellent transport connections and fantastic growth potential in its surroundings, making it a prime location for those who are looking to ride the tide of the transforming real estate landscape in the UK and make an ideal long-term investment.&rdquo;&nbsp;Homes at White City Living start from &pound;727,500 (HKD7.72 million). For further information, please contact Mandy Wong, JLL, tel: +852 3759 0909, email:&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.&nbsp;&nbsp;Disclaimer:Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Acquiring interest in an apartment in the building with 999 Years leasehold. Planning Permission no: 2019/01300/RES granted by London Borough of Hammersmith &amp; Fulham. Property ID: IRP_N_101_00309. Last updated date: 04.01.2021.

St James launches Parkside at White City Living

pi6g8xdlsfo8x9alnyjf

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1614233112/olmwebcontents/ip/prod/pi6g8xdlsfo8x9alnyjf.jpg

Matching Green has launched Dockley Apartments, an exciting new residential development located a stone&rsquo;s throw from the heart of Bermondsey and is set to complete in Q2 2022. The development offers 111 apartments across 8 levels, comprising of one, two and three-bedrooms, each with a generous private terrace and many with far-reaching views across London.&nbsp;Spacious outside living and sleek design for modern comfortThe apartments are finished to an excellent specification with contemporary interiors and stylish layouts. Each unit is thoughtfully designed to maximize space and light, from open-plan kitchens, underfloor heating to frameless shower screens. The apartments are wired for fibre optic broadband, essential for the emerging trend of working from home. The face of the development showcases an innovative tiered design, which allows for spacious private terraces for each apartment. Residents will exclusively benefit from a sheltered all-weather children&rsquo;s play area, landscaped central courtyard and two communal roof terraces with comfortable seating and year-round sunlight. The project is also equipped with secure parcel lockers to accept personal deliveries. Built to the highest environmental standards, with sustainable modern design and high-quality materials, this impressive development breathes new life into a historic industrial site.&nbsp;Perfectly located in a trendsetting yet historical districtDockley Apartments is conveniently located within a five-minute walk from Bermondsey tube station in Zone 2, ten minutes from the River Thames and vibrant Bermondsey Street. Canary Wharf, the business district, is only four minutes away on the Jubilee Line.Bermondsey, host to London&rsquo;s first railway, was named &lsquo;Best Place to Live in London&rsquo; in 2018 by the coveted Sunday Times. Known as a thriving hub for food and drink, Bermondsey hosts a wealth of bars, breweries, restaurants and cafes. The neighbourhood also offers parks, modern art galleries and an independent cinema, providing a rich cultural atmosphere. Sitting alongside Dockley Apartments are a collection of railway arches which, in conjunction with Matching Green, Monmouth Coffee and Neal's Yard Dairy, have been restored to create Spa Terminus where like-minded food production and distribution companies now occupy these spaces. From cheesemongers and greengrocers to butchers and brewers, Spa Terminus consists of companies who supply some of the absolute best food products on the market, all on Dockley Apartments&rsquo; doorstep.Along with Dockley Apartments, Matching Green is currently developing Dockley Road, a development of approximately 12,000 sqft of commercial and retail space. The project will create a new pedestrian street and a new series of commercial units opposite the railway arches, contributing to the range of artisan producers on-site. This will create a dynamic street open for Saturday market trading forming a key part of Southwark&rsquo;s Low Line walking routes and establishing an exciting centre of activity and enterprise.&nbsp;Units at Dockley Apartments start from &pound;544,500. For further information, please contact +852 3759 0909 or email&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Contemporary Apartments in Central London’s Thriving Neighbourhood

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1612948970/olmwebcontents/ip/prod/rmtbjwvxkjjzvuevq59m.jpg

New residential projects are creating rare opportunities for property investment in the UK's fastest growing economy within commuting distance of LondonWorld famous for its prestigious university, cutting-edge research and magnificent heritage, Cambridge is also one of the UK's leading technology hubs and fastest-growing economies.A huge student population, excellent career opportunities and convenient access to London ensure consistently high demand for residential property in Cambridge, and several new developments are providing opportunities for overseas property buyers and landlords.&nbsp;Best and brightestThere's more to Cambridge than its elite university, but the institution's influence on local life and the economy is undeniable. University colleges are spread across the city and one in five local residents are students, many of whom remain in the city after graduation for postgraduate research or recruitment into the highly-skilled local workforce.Cambridge's science parks are partnerships between the universities and businesses that continue to attract substantial overseas investment from the world's largest brands. These partnerships have been instrumental in growing Cambridge's reputation as a world leader in fields such as biotechnology, medical research, software and pharmaceuticals, particularly around the high-tech cluster nicknamed 'Silicon Fen.'The growing importance of Cambridge's technology and research sectors have placed the city among the UK's fastest growing economies in recent years. Less than an hour from London and international airports, Cambridge is a convenient location for businesses in all fields, and access will improve further with the new East-West Rail link and Oxford-Cambridge Expressway expected to open in the next decade.&nbsp;Country charm and city convenienceCambridge's reputation for work and study overshadows its other perks as a comfortable and stimulating place to live. Numerous performance venues, museums and art galleries provide one of the richest cultural offerings outside London, and a packed events calendar has something for everyone &ndash; from the live bands of the Big Weekend to the Cambridge Folk Festival and traditional Midsummer Fair.Cambridge's shopping and dining options are just as diverse. With three shopping centers, traditional markets, independent boutiques and the wide selection of restaurants, cafes and bars that modern city dwellers expect, Cambridge has all the attractions of city living with the English countryside on its doorstep.Families with children are also exceptionally well provided for in Cambridge, with many highly rated primary, secondary and independent schools in the area. These include the University of Cambridge Primary School, St Bede's Inter-Church School and Chesterton Community College, all rated 'Outstanding' by education authority Ofsted.&nbsp;Buoyant residential marketWith consistently high demand from domestic and overseas students, professionals and families, Cambridge property can offer investors and landlords some of the highest yields in the UK. The problem, until recently, was the lack of new supply. Cambridge's heritage architecture may be one of its greatest draws for visitors and residents, but stringent building restrictions have long stifled development in the small city, even as they maintained high levels of demand and prices.This situation is gradually improving as more new residential developments are opening up Cambridge and surrounding areas to investment. The Government's proposed CaMKOx Arc initiative for Cambridge, Milton Keynes and Oxford is also aiming to bring one million homes and 1.9 million residents to England's 'brain belt' by 2050 by creating new neighborhoods and amenities.One such district in Eddington, a new community less than two miles from Cambridge's historic city center designed by the University of Cambridge as a successful model of sustainable urban planning. Premium homes and apartments are now available in Eddington at Knights Park, combining modern living with convenient access to Cambridge, London and the surrounding countryside.&nbsp;For more information about Knights Park and other residential properties in Cambridge and the UK, please contact JLL Investment Limited at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Cambridge city guide: Forward-thinking historic city

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1610953665/olmwebcontents/ip/prod/fjbelzeqlfnawm4mkm0a.jpg

<div><div id="block-system-main"><article id="node-1079" about="/news/2020/11/16/uk-residential-forecasts-2020-2025" typeof="sioc:Item foaf:Document" data-sf-ec-immutable=""><div><div><div property="content:encoded">JLL research has identified the core trends that are likely to shape the UK's housing markets after COVID-19From Brexit to COVID-19, the UK housing markets and wider economy have been facing unprecedented levels of uncertainty, but there's every reason for investors to feel positive about the near future.Despite the challenges, performance in some markets has been better than expected across the difficult year, and the next few years will present opportunities to buyers and sellers who understand how the real estate landscape has
 changed and who are prepared to adapt.&nbsp;Economic outlookBased on projections that the number of new infections will fall steadily over the next year and that an effective vaccine will be available the following year, Jones Lang LaSalle (JLL) expects the UK economy to recover to pre-COVID
 levels of growth by mid-2022.Unemployment will likely take longer to return to former levels, with many industries being hit hard by the pandemic, but the rate is expected to stabilize around 3.5% by the end of 2025. With interest rates and income growth at
 historic lows, housing affordability during this period should offer many excellent prospects for domestic and overseas property investment.&nbsp;Residential outlookJLL research predicts a bumpy road of generally positive growth for UK house prices over the next five years. The current strong recovery of residential property prices is expected to continue through to March 2021, when the changes
 in Stamp Duty come into effect for overseas property transactions and prices decline. A resurgence of growth is expected from 2022, dependent on a COVID-19 vaccine being in wide circulation.Rental growth is also expected to decline in 2021 as the British Government's job retention furlough scheme ends, which could see many lower to middle income earners facing redundancy. Private housing starts and transactions will
 be well below numbers predicted before the pandemic, but are expected to recover from 2022 as confidence returns to the sector.&nbsp;London and South East EnglandThe Prime Central London property markets are comparative safe havens for investment in times of financial crisis, and price and rent growth are expected to resurge as early as 2021. Greater London property as a whole is also expected
 to prove its resilience with flat house prices in 2021 before growth resumes in 2022. Buyers will increasingly favour outlying districts and regions, especially with the arrival of Crossrail services connecting the South East.&nbsp;East and South West England, the Midlands and WalesJLL forecasts Birmingham's sales and rental markets for the strongest growth in the UK over the next five years, supported by the HS2 rail service and 2022 Commonwealth Games. Bristol has the potential to be a favoured alternative
 to London for commuters and home owners if the undersupply of private sale apartments is addressed.&nbsp;Northern EnglandNorth East England is set to be the worst affected housing market in the UK as the region faces 11% unemployment by 2021. The major northern cities of Manchester, Liverpool and Leeds are expected to fare better with generally flat
 prices in 2021 and strong growth from 2022, underpinned by the ongoing housing shortfall.&nbsp;ScotlandWhile Scotland house prices are set to fall in line with the UK average, its two major cities of Edinburgh and Glasgow will see stronger performance. Demand for Edinburgh city centre apartments will continue to outpace supply,
 while the &pound;35 million regeneration of the River Clyde will create more opportunities in Glasgow.&nbsp;Changing buyer demandsBeyond economic factors, changing trends in what home buyers and tenants are looking for in properties will drive some of these changes in the markets. The coronavirus pandemic has accelerated the pace of some ongoing trends while
 creating or reversing others.One of the biggest changes brought about by the pandemic is the rise of remote working. As people spend more time working and shopping from home, sellers and developers need to satisfy the growing demand for a flexible work-leisure
 space, access to nature and reliable broadband speeds in properties.While the growth of cities will continue, a notable shift is underway of affluent young families favoring greener outskirts and suburbs over city centers to satisfy their changing living needs. This could mean that access to public
 transport and amenities are no longer the priorities they were for a significant portion of home buyers, opening up more opportunities in previously overlooked locations.For more insights on the real estate markets and residential properties in the UK,&nbsp;<a href="https://internationalresidential.jll.com.hk/insights">click here</a>&nbsp;or
 contact JLL International Residential at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.<a href="https://internationalresidential.jll.com.hk/download?pdf=1078&amp;return_to=news/2020/11/16/uk-residential-forecasts-2020-2025" target="_blank">Download Report</a>&nbsp;<div><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://players.brightcove.net/1268729899001/default_default/index.html?videoId=6205798275001" width="560"></iframe></div><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

UK residential forecasts 2020–2025

vtzajju4vqst7yqvkqao

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605505052/olmwebcontents/ip/prod/vtzajju4vqst7yqvkqao.jpg

Buying ProcessBuying process of resale property is very much similar to that of a new-built property.The payment schedule is very straight forward, with a 5 to 10% down payment upon exchange of contract and the balance payment will be upon delivery of property. The whole transaction in general will take around 2 to 3 months.&nbsp;DocumentationsFor the documentation process, the buyer needs to prepare an Affidavit/Declaration before the exchange of contract, as a proof of identity and for registration of ownership purposes.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604300038/olmwebcontents/ip/prod/pnoz6nc9gxidrmckgzbr.png" />&nbsp;CostsThe estimated costs upon purchase amount to 5 to 8% of property price, inclusive of agency fee and related taxation.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604300055/olmwebcontents/ip/prod/ts6jzrjuw0ew417xilez.png" />&nbsp;Selling ProcessTo list the property on the resale market, the owner needs to exchange a brokerage agreement with an appointed agent after deciding the desired selling price. Once a potential buyer has made an offer and after the buying conditions and schedule are confirmed, the contract will then be exchanged with a 5-10% down payment. To save on remittance costs, all payments from the buyer is usually kept by agent first. After receiving all payments and deducting all necessary costs, the agent will remit the net income to the seller.&nbsp;DocumentationsThe owner shall prepare Affidavit/Declaration before the exchange of contract to prove identity. Also, the title deed of the property needs to be submitted before the delivery of the property. If you have bought a property through JLL, the title deed would have been delivered to you after the handover. If you have problems locating the title deed, please contact your respective salesperson and we will be able to assist.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604300063/olmwebcontents/ip/prod/zfocqnua0uuodfydblkz.png" />CostEstimated cost for selling property can amount to 4 to 5% and exclusive of Capital Gain Tax as it can vary case by case. Capital Gain tax is imposed on the net profit that the seller makes from the transaction. The taxation rate is either 30.63% on properties held for less than 5 years, or 15.315% on properties held over 5 years. Please note, that the holding period starts from January 1 of the new year. Eg. If the handover of the property is September 2020, 15.315% rate will apply from January 1, 2026.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604300085/olmwebcontents/ip/prod/n6w0yxmbhgavgsijjtx2.png" />&nbsp;For more information, please contact us at +852 3759 0909 or email us via&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>&nbsp;or enquire now from the link&nbsp;<a href="https://internationalresidential.jll.com.hk/zh-hk/irp-enquiry?utm_medium=organic&amp;utm_source=website&amp;utm_campaign=japan-resale-market&amp;utm_content=article">here</a>.

Japan Resale Market - Buying & Selling Process

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604300032/olmwebcontents/ip/prod/drf6m8rbfpotbg5lb0wz.jpg

Shortage in supply of new-built condominium pushes up demands in resale marketThe sustainable growth of the Japan property market has been supported by a steadily growing population in the metropolitan areas. As such, the shortage in supply of new-built condominium is leading more people to turn their eyes towards relatively new condominiums in the resale market. The Japanese traditionally favor new-built housing, but the recent trends tell us that there has been a change in the people&rsquo;s perceptions in the age of a building or property. Today, we will look at more insights of the recent trend in resale market.&nbsp;Demand of housing remains strongThe population growth in metropolitan areas like Tokyo has been showing a steady increase. COVID-19 has changed our living and working styles in various ways, but the impact on housing demand is limited. Market observers commented that more people from the city central areas are moving to spacious houses in countryside because of working from home (WFH) was being introduced during the state of emergency in April 2020. Indeed, according to the survey by Tokyo Shoko Research survey, 56% of companies adopted WFH at the time. However, in August, the companies still continuing with WFH reduced to 34.40%.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048932/olmwebcontents/ip/prod/ero0fqciryndjmnynjms.png" />Looking at the demographic movement in Tokyo, COVID-19 did affect the population movements, but not to the extent to call it as a population outflow. Indeed, demography by nationality showed the decrease in population was largely contributed by foreign residents returning back to their countries. As of August 1, Japanese population has increased by 58,114 comparing with January, while foreigner population has reduced by 4%. &nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048947/olmwebcontents/ip/prod/xpkvp0uuxvy02wjjflzb.png" />In the long term, population growth is still in an upward trend. On year on year basis, the Japanese population in metropolitan areas is increasing, despite the state of emergency was announced in April to May period disrupted the usual influx of people expected for every new school year and fiscal year starting in April.Fortunately, real estate sales activity has sprung back to what it used to be before COVID-19. There is still a great demand for condominiums from the local owner occupiers and the decrease of foreigners do not seem to affect sales. When businesses resumed after the state of emergency, local buyers started actively looking for housing like before. On year on year basis, there were even more transactions in the resale market in August.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048955/olmwebcontents/ip/prod/egis2jqkdz54exwikyre.png" />Shortage of supply in new-built condominiumsIn recent years, the supply of new-built condominiums in Tokyo has been decreasing, despite of the growing population and housing demands. The choice limitations turned buyers to the resale market for secondary alternatives. Land acquisition has always been very competitive in the already developed central areas in Tokyo. As city urbanization continues, the shortage of supply in new-built properties is expected to push up the demands of resale apartments.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048962/olmwebcontents/ip/prod/rlydutul78bb4sysuj5h.png" />Properties below 20 years are actively sought afterNew-built housing has always been the most preferred option for Japanese, because historically, houses in Japan were built by wood. It was believed that the newer the house, the better would be its durability. However, the situations are different today. With fewer new-built options and the advancement of superior construction qualities, resale apartments are generally now more accepted.As more buyers opt for resale markets as a substitute for new-built apartments, it resulted in the majority of transaction volumes concentrated in the relatively new buildings with age below 20 years. In terms of the transaction ratio against the supply, the building aged between 6 to 10 years shows the highest demand last year, followed by those of 11 to 15 years, 16 to 20 years and 0 to 5 years.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048978/olmwebcontents/ip/prod/kwv1t4fv292bda3f6tfz.png" />Recommendation is up to 15 years oldThe observations showed that transaction volume zone is within 20 years old and so, investing in property below15 years is the best recommendation with consideration of the exit timing as well. Although buildings of 20 years old might sound &ldquo;old&rdquo; for overseas investors, the locals feel differently. Although traditionally the Japanese adore new-built properties, nowadays more people are realizing that the construction qualities after the millennium 2000 have become excellent to provide strong durability. Especially properties from established developers are well-maintianed in very good conditions, which makes it no big difference to the new-built ones.Many Japanese developers have their own prestige brand names for their condominiums. Therefore, they put in their utmost efforts in maintaining their quality and reputation. Often, the building management is by developer&rsquo;s subsidiary company so as to make sure the same brand quality is achieved.Because of the superior construction quality, it is unlikely that owners of such condominiums will need to pay substantial amounts for maintenance in the first 10 years. That is why many property management companies offers guarantee plans that cover minor repair costs, as there is not much pay out expected during this period of time.After the first decade, some replacements of appliances like air-cons, dishwashers, water-heaters may be required due to service lifespans, but in general, the properties will look no inferior to new-built ones and are equally competitive in the markets.&nbsp;Property price continues to grow in prime locationsBoth resale and new-built condominiums in Tokyo have been on a steep price growth since 2013. The growth until 2016 were largely affected by the great expectations towards Tokyo Olympic game, which has brought significant impacts on the property markets not only in Tokyo central, but also to surrounding areas. The growth in the most recent couple years was due to more sustainable and rational factors. Good connectivity, prime locations, redevelopment and superior quality apartments are enjoying appreciation, whereas those properties without these factors are being left behind from the continuous growths.The demand for a good property in terms of quality and location is expected to remain strong in central area, as working in office is still a daily norm for majority. The shortage of new home supply will still continue, as land acquisitions will remain competitive in prime locations, which in turn can push up values of the existing good properties. It is therefore a good opportunity to widen your options to consider resale properties with strong growth factors.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604048986/olmwebcontents/ip/prod/wywnc5fnevnkmps6xaqz.png" />For more information, please contact us at +852 3759 0909 or email us at&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>&nbsp;or enquire now from&nbsp; <a href="https://internationalresidential.jll.com.hk/insights/article/tokyo-resale-property-market-overview?utm_medium=organic&amp;utm_source=website&amp;utm_campaign=japan-resale-market&amp;utm_content=article">here</a>.

Tokyo Resale Property Market Overview

v1dednykem5i2w88hexr

https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1604049165/olmwebcontents/ip/prod/v1dednykem5i2w88hexr.jpg

Site Settings

Landlord - block

HK Contacts

title="Price"
metric="£"
type="minmax"
name="Price"
order=1

[min]
[min.0]
label="No Min"
value=""
[min.1]
label="£100,000"
value=100000
[min.2]
label="£200,000"
value=200000
[min.3]
label="£300,000"
value=300000
[min.4]
label="£400,000"
value=400000
[min.5]
label="£500,000"
value=500000
[min.6]
label="£600,000"
value=600000
[min.7]
label="£700,000"
value=700000
[min.8]
label="£800,000"
value=800000
[min.9]
label="£900,000"
value=900000
[min.10]
label="£1,000,000"
value=1000000
[min.11]
label="£2,000,000"
value=2000000
[min.12]
label="£3,000,000"
value=3000000
[min.13]
label="£4,000,000"
value=4000000
[min.14]
label="£5,000,000+"
value=5000000

[max]
[max.0]
label="No Max"
value=""
[max.1]
label="£100,000"
value=100000
[max.2]
label="£200,000"
value=200000
[max.3]
label="£300,000"
value=300000
[max.4]
label="£400,000"
value=400000
[max.5]
label="£500,000"
value=500000
[max.6]
label="£600,000"
value=600000
[max.7]
label="£700,000"
value=700000
[max.8]
label="£800,000"
value=800000
[max.9]
label="£900,000"
value=900000
[max.10]
label="£1,000,000"
value=1000000
[max.11]
label="£2,000,000"
value=2000000
[max.12]
label="£3,000,000"
value=3000000
[max.13]
label="£4,000,000"
value=4000000
[max.14]
label="£5,000,000+"
value=1000000000

Sale - Price

Price

title="Price"
metric="£"
type="minmax"
name="Price"
order=1

[min]
[min.0]
label="£0"
value=0
[min.1]
label="£1,000 pcm"
value=1000
[min.2]
label="£2,000 pcm"
value=2000
[min.3]
label="£3,000 pcm"
value=3000
[min.4]
label="£4,000 pcm"
value=4000
[min.5]
label="£5,000 pcm"
value=5000
[min.6]
label="£6,000 pcm"
value=6000
[min.7]
label="£7,000 pcm"
value=7000
[min.8]
label="£8,000 pcm"
value=8000
[min.9]
label="£9,000 pcm"
value=9000
[min.10]
label="£10,000+ pcm"
value=10000
 
[max]
[max.0]
label="£0"
value=0
[max.1]
label="£1,000 pcm"
value=1000
[max.2]
label="£2,000 pcm"
value=2000
[max.3]
label="£3,000 pcm"
value=3000
[max.4]
label="£4,000 pcm"
value=4000
[max.5]
label="£5,000 pcm"
value=5000
[max.6]
label="£6,000 pcm"
value=6000
[max.7]
label="£7,000 pcm"
value=7000
[max.8]
label="£8,000 pcm"
value=8000
[max.9]
label="£9,000 pcm"
value=9000
[max.10]
label="£10,000+ pcm"
value=1000000

Rent - Price

title="Bedrooms"
metric="bedrooms"
type="minmax"
name="bed"
order=2

[min]
[min.0]
label="No Min"
value=""
[min.1]
label="Studio"
value=0
[min.2]
label="1 bedroom"
value=1
[min.3]
label="2 bedrooms"
value=2
[min.4]
label="3 bedrooms"
value=3
[min.5]
label="4 bedrooms"
value=4
[min.6]
label="5 bedrooms"
value=5
[min.7]
label="6 bedrooms"
value=6
[min.8]
label="7 bedrooms"
value=7
[min.9]
label="8+ bedrooms"
value=8

[max]
[max.0]
label="No Max"
value=""
[max.1]
label="Studio"
value=0
[max.2]
label="1 bedroom"
value=1
[max.3]
label="2 bedrooms"
value=2
[max.4]
label="3 bedrooms"
value=3
[max.5]
label="4 bedrooms"
value=4
[max.6]
label="5 bedrooms"
value=5
[max.7]
label="6 bedrooms"
value=6
[max.8]
label="7 bedrooms"
value=7
[max.200]
label="8+ bedrooms"
value=200

Bedrooms

title="Property Type"
metric="propertyType"
type="select"
name="type"
placeholder="Any Type"
order=3

[[options]]
label="Any Type"
value=""
[[options]]
label="Flats"
value="flats"
[[options]]
label="Houses"
value="houses"

Property Type

type

title="Country"
type="checkboxes"
name="flags"
order=4

[[options]]
label="United Kingdom"
value="United Kingdom"
[[options]]
label="Germany"
value="Germany"
[[options]]
label="Portugal"
value="Portugal"
[[options]]
label="Japan"
value="Japan"


Sale - Options

flags

Country

title="Options"
type="checkboxes"
name="flags"
order=4

[[options]]
label="Short Term"
value="short-term"
[[options]]
label="Furnished"
value="furnished"
[[options]]
label="Unfurnished"
value="unfurnished"

Rent - Options

Options

Hong Kong

Malaysia

Singapore

China

Property Enquiry

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

Arrange View

anythingElse

date

email

firstName

generalEnquiry

intlDialCode

lastName

marketingOptin

submit

telephone

time

userAction

videoOption

Let us know your preferred time for a viewing and we will get in touch with you to confirm a time.

Fill out the form or call us at {{ phone }}

Arrange a viewing

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

General Enquiry

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

Gated Content Form

Valuation

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

Insights