The recovery in the United Kingdom's residential property markets is exceeding expectations. The growing urban population in London and major regional cities is pushing demand to ever greater heights, and investors the world over are eager to stake a claim now that property prices are back on the upswing.

Institutional investment totaled £2.4 billion (HKD 24.7 billion) in 2017, an increase of 15 percent over the previous year. This is only just below the record transaction levels seen in 2015, prior to the EU referendum vote that temporarily shook investor confidence. 2018 is set to be a record-breaking year for UK property investment, and this is largely thanks to sustained optimism from overseas buyers who supported the markets through those turbulent times.

Our research shows that foreign capital accounted for 54 percent of investment volumes last year. This came primarily from established investors in Europe, the Middle East and North America, although growing interest from Asia is also making significant contributions, with Hong Kong investors being the biggest spenders.

As in the rest of Europe, the greatest obstacle preventing the UK’s residential markets from achieving their full potential is the lack of available housing supply to meet demand. An active development pipeline is aiming to address this imbalance, leading to a record number of forward purchases being made as investors secure prices today for properties that will enter the highly competitive marketplace in the coming years.

Best performing cities

London received the lion's share of UK residential investment in 2017. Institutional investment volumes grew by 20 percent to reach almost £1 billion with a net yield of 3.75 percent on average.

Although it is only the fifth busiest investment market in Europe—after Berlin, Copenhagen, Stockholm and Paris—the UK capital is favored by Asian investors, whose confidence in the city following the Brexit vote has been borne out. Prices have been recovering across the capital this year, with prime Central London seeing an increase in transactions and consecutive rental gains in the first two quarters of 2018.

There's more to the UK than London, of course, and Asian investors are increasingly looking to regional powerhouse cities such as Greater Manchester and Sheffield in the north, Birmingham in the Midlands, and the Scottish capital Edinburgh, to expand their portfolios. A number of large-scale construction projects are also underway in smaller cities across the UK, which are set for rapid price growth over the next few years.

Overcoming the supply shortage

The lack of available housing stock is the most significant barrier to new investors entering the UK’s property markets. This affects prime Central London most severely, with opportunities too scarce or upfront costs too expensive for less experienced investors.

The landscape is evolving however, with an increasing focus on purpose-built developments targeted at institutional investors and landlords. With the majority of these projects currently in the construction phase, forward purchase deals now comprise the largest share of investment volumes across the UK and patient investors must wait for their properties to enter the market and start generating income.

More and more investors are also entering into joint partnerships to increase their buying power and gain access to larger assets. These investment strategies are expected to continue through 2018.

Outlook remains positive

Looking ahead to the next 12 months, the UK’s residential markets are expected to continue their trajectory of growth, fueled by ever-increasing interest from overseas property investors.

Our head of UK residential investment, Simon Scott, explains: “The growth in city populations, strong supply/demand fundamentals and relative economic stability provide many reasons for investors to remain positive about London and the wider UK in the next year.

“The impact of Brexit does not seem to have dampened investors' appetites and there is an increasing desire to gain exposure to the sector.”

For more information about residential properties across the UK, please contact JLL International Residential at +852 3759 0909 or irp.hk@ap.jll.com.

15 Oct 2019

Central London's housing markets are back on a firm footing after three years of uncertainty, making property developers and investors optimistic about the future.

Our UK residential research shows that property prices remained stable over the past year before picking up strongly in the first three months of 2018. This was aided by the government-backed Help to Buy equity scheme that allows buyers to secure homes under £600,000 (HKD 6,231,000) with as little as a five percent deposit.

Developers are eager to increase construction activity and capitalize on this high demand, but new government restrictions, such as the increased affordable housing provision, have caused a slowdown in planning applications. While development activity has held steady over the past year, the longer term outlook is less certain unless these challenges can be met.

 

Sales rebound in Q1 2018

The number of sales of ‘new builds’ in Central London jumped 31 percent in the first quarter of 2018 to 2,450 sales. Annual sales are expected to stabilize around 8,500 units, a turnaround from the steady decline in the market since 2015.

House prices in Central London have also remained stable across all submarkets over the past 12 months. Large discounts of 10 percent or more have become less common, suggesting stronger market conditions and growing confidence.

Demand is highest for lower-value properties, such as those that qualify for the Help to Buy scheme, with more affordable districts of Outer London outpacing those closer to the center of the capital. Homes in up-and-coming regeneration areas such as Nine Elms and those close to Crossrail stations are especially popular with investors owing to the price growth that is forecast over the coming years.

Buyer demographics are also changing, with a higher proportion of domestic owner-occupiers buying new build units. Foreign investment is still a driving factor however, with Chinese and Hong Kong buyers being attracted to the UK market by the weakened pound.

 

Construction volumes holding firm

Over 42,600 homes are currently under construction across Central London—close to a record high. Of these, 45 percent are being built in Core markets closer to the center of London—predominantly in more affordable Canary Wharf—but development activity is gradually shifting to the Outer Core to meet buyer preferences for lower-value properties. Around 75 percent of new planning permissions are for Outer Core markets, particularly in the east of the city.

Like sale prices, construction volumes have stabilized over the past six months, although a decline in planning permissions has already seen a drop in the number of new projects commencing in the first quarter of 2018. This slowdown is believed to be largely due to new initiatives launched last October by London Mayor Sadiq Khan that require 35 percent of new builds to be affordable housing and for developers to be subject to stricter reviews and greater transparency.

While these measures have reduced the appetite of some, most residential developers say they still feel positive about building in Central London, especially in the most desirable locations.

 

Gradual improvements ahead

Our research forecasts ongoing stability and steady price growth through the rest of 2018 that will reward the patience of developers and investors. Central London house prices are expected to grow by 9.8 percent from 2018-22 and rents by 8.8 percent over the same period, supported by the Help to Buy scheme before its expiry in 2021. Sales growth is also expected to continue.

Construction activity will remain relatively stable across the year, with Outer Core developments increasing their share from 55 percent of projects at present to 75 percent by 2020. Canary Wharf and Nine Elms will be the most sought-after Inner Core markets.

Director of Residential Research at JLL UK, Neil Chegwidden, explains: “The Central London development sales market remains slower than developers would like, but prices have remained firm for the past year. Some developers are delaying launches, but most are continuing with existing plans.

“The volume of construction activity is high by historic standards but, with planning applications slowing sharply—driven in part by the Mayor's firmer stance on affordable housing provision—the medium-term supply pipeline is less certain.”

 

For more information about London residential properties, please contact JLL International Residential at +852 3759 0909 or irp.hk@ap.jll.com.

15 Oct 2019

Tokyo's successful bid to host the 2020 Summer Olympics and Paralympics has accelerated the pace of urban regeneration in Japan's high-tech capital. As well as the new sports venues, hotels and transport upgrades catering to international visitors during the events, the Japanese government and Tokyo Metropolitan Government are also investing heavily in long-term improvements within the city's rapidly growing CBDs.

Japan's population is becoming increasingly urbanized, with Tokyo in particular drawing an influx of workers, entrepreneurs and students from surrounding regions to its thriving central wards. The international population is also on the rise, with global companies being tempted by lower corporate taxes and relaxed visa rules in Tokyo's Special Economic Zones. Overseas property buyers can also benefit from cheaper stamp duties and a lower price index compared to other major world cities such as Hong Kong, London and Shanghai.

The most high-profile redevelopments are primarily located in Shibuya, the trendy heart of the capital that has also been a major hub of tech and creative industries since the 1990s. The Shibuya Station area is currently in the midst of a “once-in-a-century” regeneration which is aiming to establish the district as a world-leading business and entertainment center to rival the likes of London, Paris and New York.

 

Shibuya regeneration

Tokyo's answer to Times Square, the Shibuya Station area is the iconic image of Tokyo. Home of the world's busiest train station, the famous scramble crossing and the statue of loyal dog Hachiko, this popular meeting place is also a haven for startups and international headquarters, for example, Mixi, online Japanese social media company like Facebook, its headquarter is located in Shibuya.

The Shibuya regeneration is adding to these landmarks to make the area even more appealing to businesses and investors, with an extensive development plan involving over nine million square feet of new buildings and infrastructure. These include:

 

    Shibuya Hikarie – this 183-meter skyscraper was the first phase of the redevelopment and was completed in 2012. It houses offices and conference facilities, restaurants, shops and the Tokyu Theatre Orb, which hosts Broadway musicals and other entertainment.

    Shibuya Station Building  – a new 230-meter skyscraper adjacent to the rebuilt station and scheduled for completion in 2019. Its rooftop observation deck will offer panoramic views over the city that stretch as far as Mount Fuji.

    Shibuya Station South – another 180-meter skyscraper will be constructed on the former site of the redirected Tokyu Toyoko Line railway, housing office space, a hotel and services for creative startups.

 •   Dogenzaka – a new commercial and office building will be erected near the existing Shibuya Mark City complex.

 •   Sakuragaoka – this area south of the station will be home to a new 180-meter office tower and 150-meter condominium targeted at foreign buyers.

 •   Shibuya River – this overlooked waterway running through the district will be turned into an attractive pedestrian plaza that is expected to open later this year.

 

(Image from Shibuya Station website)

 

Further commercial buildings of various sizes will follow in the second phase of the redevelopment which will carry through to 2027 and is expected to unlock even more of Shibuya's potential.

Solving the housing shortage

With more local and international talent being drawn to the district, the already high demand for accommodation in Shibuya is skyrocketing, especially for larger family homes. Only 20 percent of condominiums in Shibuya currently have two or three bedrooms, compared to the 50 percent average for other central Tokyo wards. New residential developments are addressing this shortfall.

For more information about Tokyo residential properties, click here or contact JLL International Properties at +852 3759 0909 or irp.hk@ap.jll.com.

15 Oct 2019

It may be the world's most powerful financial center and have a huge appeal for tourists, but there's a less showy side to London that makes the UK capital a timelessly appealing place to live. Look beyond the shimmering skyline and you'll find a world of red brick Victorian mansions, tranquil waterways, and sprawling Royal Parks.

The impending launch of the new Crossrail service by year's end is making certain areas of London even more attractive to residents and investors alike, with our research forecasting house price growth of 16 percent above the Greater London average by 2020.

Among the best connected stations on the new line will be Paddington, which lies within walking distance of leafy residential neighborhood Maida Vale. Combining classic red-brick charm with this convenient Crossrail connection, the affluent W2 district offers more affordable house prices than nearby St. John’s Wood, Notting Hill or Mayfair. Garrett Mansions is a new property in Maida Vale by leading developer Berkeley Homes that updates the traditional mansion square for the 21st century.

 

Serenity in the city

Renowned for its peace and quiet and the canal side cafes of ‘Little Venice,’ Maida Vale offers the experience of close-knit village living while still being enviably close to London's top sights and destinations, from Harrods to Buckingham Palace. Home to the BBC's Maida Vale Studios, the area has long attracted musical talent, some notable residents including singers Björk, Jarvis Cocker and Noel Gallagher.

Garrett Mansions is less than 15 minutes' walk from two of London's most famous parks—Hyde Park to the south and Regent's Park to the north-east—totaling a combined 760 acres of green space. The boutiques of Marylebone High Street are less than 20 minutes on foot, and it's not much further to the cultural charms of SoHo and fine dining in Mayfair.

Families with children will also be spoiled for choice when it comes to exceptional education options. Local St. Saviour's primary school is rated ‘Outstanding’ by Ofsted, and notable universities including the University of Westminster, Regent's University London and London School of Economics are all within easy reach.

For getting around the city and beyond, the district is as well-connected as you'd expect for prime Zone 1 London. Edgware station offers access to four Underground lines just a minute's walk from Garrett Mansions and it's also a short walk to Paddington station and Crossrail, taking you to Heathrow Airport in 21 minutes.

 

Classic style with modern amenities

Garrett Mansions is part of the larger West End Gate development that's reimagining the London mansion block for the modern age. Architects Squire and Partners designed the red brick buildings to blend sympathetically with their period surroundings, overlooking a serene private garden.

This classically-inspired design continues inside the apartments, which are characterized by warm bronze and heritage tones, and feature engineered timber flooring, integrated appliances, and bespoke fittings. Residents can also access exclusive amenities at the development's Westmark building, including a swimming pool, fully-equipped gym and spa, private lounge, dining and cinema rooms, and a 24-hour concierge.

Berkeley Homes Sales and Marketing Director, Simon Howard, says the West End Gate development offers an excellent opportunity to overseas property buyers. “With great design, amenities and location, the mid-range pricing opens up room for investment growth,” he explains.

“With the current and predicted lack of supply, it's a safe option for an investor. With the area’s new transport connections, the opening of Crossrail, and the prestigious, established locations all around, I see it as a very good opportunity.”

 

For more information about Garrett Mansions at West End Gate and other Central London residential properties, click here or contact JLL International Residential at +852 3759 0909 or irp.hk@ap.jll.com.

04 Dec 2019

港幣1000萬至1200萬元可於世上最受歡迎的城市買到甚麼?
香港住宅物業是世上其中一個最貴的市場。但同樣的價格,可於其他城市購得甚麼類型的單位?

我們為你找來世界各大城市中,一些介乎1000萬元至1200萬元的物業。    

如此價格,只能在香港購買啟德或荃灣一個全新的兩房單位,面積只有500平方呎,或者於西灣河買入一個700平方呎的舊樓三房單位。香港的新樓設施整全,提供會所、健身室及室外泳池;舊樓則有較少設施,因間隔較實用,而且樓底較高,同樣受歡迎。

倫敦

倫敦一直是香港投資者的目的地,近年中國投資者數量則節節上升,因他們尋找海外投資機會,豐富自己的資產組合。

西敏區及倫敦市中心是中倫敦最受歡迎的區域,這是因為該區有著名的景色、完善的第一區交通網絡,同時鄰近著名的餐廳及劇院。一個面積達600平方呎,有法式露台的豪華一房單位,約值100萬英鎊 (港幣1020萬元)。物業設施有服務台、附有電影房間及健身室的會所,以及住客酒吧間。

在東邊較遠的第二區,同樣的金額可以帶來更好的選擇。100萬英鎊可以買入一個800平方呎的兩房豪宅單位,物業更有消閒設施,同時可欣賞倫敦眼及碎片大廈等著名地標。

第二區的新項目附近有公園、廣場及商店。這區全面重建後,大大提升了社區設施,居民除了可以使用體育館、劇院、畫廊外,附近更有博物館及可供划船的湖泊。

金絲雀碼頭是倫敦主要的商業及金融區及豪宅區。該區同時有酒吧、餐廳及加拿大廣場 – 這是夏天舉行演唱會的場地,冬天則化身成溜冰場。

仲量聯行港區董事兼國際住宅物業服務主管黃嘉欣指,Canary Gateway提供的2房單位,面積達700平方呎,有一個面向河景的露台,價值470,000英鎊 (約480萬港幣),如此價格只是香港的一半。」

曼徹斯特

曼徹斯特過去10至15年經歷翻天覆地的改變,成為英格蘭北部的娛樂及文化重地,更有不少科技企業遷入。

曼徹斯特的單位面積與倫敦相若,但價格較低。亞太區國際住宅部總監茜安妮表示,港幣1000萬至1200萬元(約980,000至117萬英鎊) 可於市中心購入一個頂層單位。不過,投資者一般會買入200,000至400,000英鎊的物業,約值200萬至400萬港元。

Manchester-New-Square是曼徹斯特市中心的新住宅。三座大廈分別有12至15層高,附近有花園,高級餐廳及商店。一個1,000平方呎的三房單位,約值466,500英鎊 (約480萬港幣)。

較少的預算如200,000英鎊,亦可以購買樓齡較大,700至1,000平方呎的三房單位,或者於新樓買入500至600平方呎的一房單位。在曼徹斯特出租物業比想像中容易。黃嘉欣指,一般9日就可以找到新租客。

柏林

柏林近年來有不少建設,吸引年輕專業人士遷入。茜安妮表示,這個現象可提升投資回報。

柏林擁有樓市興旺的特徵,包括新的勃蘭登堡機場將於2019年落成,以及不少行業如科技企業都搬到當地。當地的文化及娛樂事業也愈來愈精彩。歷史悠久的米特區,是不是藝術畫廊的集中地,該區又有不少博物館、劇院、會所。景點則有柏林洪堡大學、火車站、勃蘭登堡門,柏林大教堂及德國國會大廈。

市中心米特區的三房豪宅單位,面積約1,000平方呎,可欣賞施普雷河的景色,價值約600,000至700,000歐元 (港幣550萬至640萬元)。頂層單位亦屬可負擔的水平,約值120萬歐元(1,100萬港幣 )。一般而言,投資者買入的單位,約值400,000歐元(366萬港幣),並附設24小時保安服務及服務櫃枱。

Luisenpark Berlin-Mitte是柏林最新的住宅項目,位於亞歷山大廣場及波茨坦廣場之間。. Parkside House就在附近。項目於2019年完成,一個四房豪宅單位,約值569,000萬歐元 ( 521萬港幣) 。

東京

東京一直是東南亞投資者的熱門選擇。奧運會將於2020年舉行,這些盛事推動不少基建發展,投資者對當地樓市的興趣也漸漸提高。

日本的資產泡沫爆破發生於1992年,自當時起只少量豪宅落成。不過,當地豪宅物業於貴重地段如涉谷、表參道及青山落成後,一般都有香港及其他地方的投資者買入。

東京各區的物業價格有很大分別。涉谷以繁忙街道及多姿多彩夜生活聞名,當地一個800平方呎的一房或兩房單位,附有露台且鄰近火車站,價值最少1,000萬港幣。位於傳統商業區中央區的 Premist Nihonbashi Hamacho-Koen,提供900平方呎的三房單位,約值約900萬港元。

新樓的設施包括服務櫃台、住客酒吧間、以及日式花園,又有華麗裝修的大堂。如果需要會所設施,例如健身室,東京灣及新宿的高層大廈是不俗之選,而這些物業,售價由300萬至400萬港元起。

紐約

紐約物業價格有很大差距,視乎它們位於曼哈頓的上城、下城抑或中城。

1,000港元可於曼哈頓下城及中城買入一個單位。一個700平方呎的豪華一房單位,大廈設有櫃台服務及健身室,售價介乎800,000萬至120萬美元(624萬至936萬港元)。

Extell’s One Manhattan Square是一座位於曼哈頓下城東部的多層大廈。單位售價由800,000美元至900,000美元起(約700萬港元),一般價格為120萬美元 (940萬港元)。

茜安妮表示,美國物業市場愈來愈受中國買家歡迎,他們的興趣更超過了來自香港及新加坡的買家,主要由於他們的子女於美國受教育帶動需求。

波士頓

美國東岸的波士頓亦經過很大變化。當地有哈佛大學及麻省理工,有子女於當地入學的投資者,都會在當地置業供子女居住。

Echelon Seaport位於波士頓海港區,兩幢21層高的住宅大廈,提供447個豪宅單位。項目有3個泳池、天台花園、健康及水療中心、健身室、高級零售商店及餐廳。一個700平方呎的一房單位,約值900萬港元。

迎接未來

各大城市熱門區域中,價值約1,000萬港元的豪宅物業,有不錯的升值潛力。當你等待物業升值時,租務需求一直強勁,不愁沒有穩定的租金收入。想入市的話,請看我們的清單。

請查看我們的國際住宅物業服務網頁,或聯絡Annie-Marie Sage。

15 Oct 2019

Hong Kong’s residential property market is renowned for being one the world’s most expensive. So how do the hottest property markets overseas measure up to Hong Kong’s in terms of price range, size and facilities?

We set out to discover what HKD 10-12 million would buy you around the world.

For that price in Hong Kong, you could purchase a new, 500 sq ft, 2-bedroom apartment in Kai Tak or Tsuen Wan, or a 700 sq ft, 3-bedroom apartment in an older building in Sai Wan Ho. The facilities at Hong Kong’s newer buildings include a clubhouse, gym and outdoor pool. The city’s older buildings will have fewer facilities but perhaps more spacious layouts and higher ceilings.

The same budget would buy a luxury apartment in London, Manchester, Berlin, Tokyo, or on the East Coast of the U.S., such as in New York or Boston.

London

The UK’s capital city has traditionally been a top choice for Hong Kong investors and, in recent years, mainland Chinese, who are on the look-out for overseas opportunities to diversify their property portfolios.

Central London boroughs like Westminster and The City of London are the most popular, thanks to their iconic London views, numerous Zone 1 transport connections, and proximity to some of the world’s best theatres and restaurants. A luxury 1-bedroom, 600 sq ft apartment with a Juliette balcony in these areas will cost you around GBP 1 million (HKD 10.2 million). Facilities in new builds include concierge service, a clubhouse with cinema room and gym, and residents’ lounge.

A little further east in Zone 2, your money will go further. GBP 1 million will buy you a 2-bedroom apartment of around 800 sq ft in a luxury high-rise, complete with leisure facilities and fantastic views of London landmarks such as the London Eye and The Shard.

New developments in Zone 2 are often built around parks, plazas and shops. The regeneration of large swathes of this part of East London has given rise to excellent community facilities, including sports centres, museums, theatres, art galleries, and even a boating lake.

 

Canary Wharf, now London’s major business and financial district, is home to a cluster of luxury property developments, as well as stylish wine bars, restaurants, and Canada Square Park, which hosts summer concerts and a winter ice-skating rink.

“A 2-bedroom, 700sq ft luxury apartment on the waterfront with a balcony at the Canary Gateway is priced at GBP 470,000 (HKD 4.8 million),” says Mandy Wong, our Head of International Residential Property Services, Hong Kong. “That means you could buy two apartments there compared to just one in Hong Kong.”

Manchester

Manchester has undergone a complete transformation over the past 10-15 years. It’s become the North of England’s entertainment and cultural hub, and many tech companies have relocated to this thriving metropolis.

“Manchester apartments are of a similar size to those in London, but they are much less expensive. For the equivalent of HKD 10-12 million (GBP 980,000-GBP 1.17 million) you can buy a penthouse near the city centre,” says Anne-Marie Sage, our Head of International Residential Property Services, Asia. “Investors typically purchase flats priced between GBP 200,000 and GBP 400,000 (HKD 2-4 million).”

An exciting residential development in the heart of the city centre is Manchester New Square. Its three 12-15 storey buildings are set around landscaped gardens, with artisan restaurants and shops nearby. Here, a 1,000 sq ft, 3-bedroom luxury apartment would cost you GBP 466,500 (HKD 4.8 million).

On a smaller budget of around GBP 200,000, you can purchase a 700-1,000 sq ft flat with 2-3 bedrooms in an older building, or a 500-600 sq ft, 1-bedroom flat in a newer building. 

And it’s easy to rent investment properties in Manchester. “It takes an average of just nine days to find new tenants,” notes Wong.

Berlin

Berlin has also undergone a major transformation in recent years, attracting throngs of young working professionals. That makes it a solid investment choice with potential for “sizable return on investment,” says Sage.

The city bears all the hallmarks of a booming property market: the new Berlin Brandenburg international airport is likely to open in 2019 and many industries have moved to the city, especially the technology sector. It also has a flourishing entertainment and cultural scene. The Mitte, the historical heart of Berlin, is home to art galleries, museums, theatres, clubs, Humboldt University, the railway station, the Brandenburg gate, Berlin Cathedral, and The Reichstag.

In the city centre, Berlin Mitte, EUR 600,000–700,000 (HKD 5.5–6.4 million) buys a 1,000 sq ft, 3-bedroom apartment in a new luxury building, overlooking the River Spree. A penthouse with 3-4 bedrooms is still within our budget, priced at EUR 1.2 million (HKD 11 million). However, buyers typically invest much less, paying EUR 400,000 (HKD 3.66 million) for new apartments with concierges and 24-hour security.

Luisenpark Berlin-Mitte is being developed as a new residential quarter between the city’s two most iconic squares, Alexanderplatz and Potsdamer Platz. Parkside House is close by. Scheduled for completion in 2019, a 1,000 sq ft, 4-bedroom apartment in this luxury development costs EUR 569,000 (HKD 5.21 million).

Tokyo

Tokyo has always been a popular choice for property investors in South East Asia. Interest is expected to pick up now that the city is hosting the 2020 Olympics, with investments anticipated to improve its infrastructure.

Since Japan’s asset price bubble burst in 1992, few luxury apartments have been built. So when luxury developments do come onto the market in prominent districts, such as Shibuya, Omotesando and Aoyama, they tend to be snapped up by investors from Hong Kong and elsewhere.

Property prices across Tokyo vary greatly. In Shibuya―a popular nightlife spot and trendy shopping district famous for its busy pedestrian crossing―a luxury 1-2 bed, 800 sq ft apartment with a balcony, close to the railway station, starts from HKD 10 million. In Chuo-ku, historically the main commercial centre of Tokyo, a 3-bedroom, 900 sq ft apartment within the luxury 14-storey Premist Nihonbashi Hamacho-Koen residential block is HKD 8 million.

Facilities in new buildings generally include a concierge, well-decorated lobby, residents’ lounge, and Japanese Zen garden. If you are looking for club house facilities, including a gym, you’ll find them in new high-rise buildings located in Tokyo Bay or Shinjuku. Here, prices for units start from HKD 3-4 million.

New York

Prices vary greatly in New York, depending on whether the property is located in Upper, Lower or Midtown Manhattan.

HKD 10 million could buy you an apartment in Lower Manhattan or Midtown. One-bedroom, 700 sq ft luxury apartments in buildings with concierge service and gyms sell for between USD 800,000 and USD 1.2 million (HKD 6.24 million and HKD 9.36 million).

At Extell’s One Manhattan Square, a condominium tower on the Lower East side of Manhattan, prices started at around USD 800,000 to USD 900,000 (HKD 7 million), with units priced on average at USD 1.2 million (HKD 9.4 million).

“The U.S. is more a more popular market for mainland Chinese buyers, than those from Hong Kong or Singapore,” observes Sage. “The main reason end-users buy properties in the U.S. is that their children are being educated there.”

Boston

Further up the U.S. East Coast, Boston has undergone tremendous regeneration. It is particularly attractive for investors seeking properties for their children to live in while studying at the city’s world-famous universities, such as Harvard and Massachusetts Institute of Technology (MIT).

One popular choice is Echelon Seaport, a large-scale condominium development located in the heart of Boston’s Seaport district comprising two 21-storey buildings offering 447 luxury condominiums. The development boasts three pools, a roof garden, health club and spa, fitness centre, and luxury retail shops and restaurants. A 700 sq ft, one-bedroom apartment is priced at HKD 9 million.

Fit for the future

Bought for around HKD 10 million, luxury apartments in highly sought-after urban districts worldwide have great potential for capital appreciation. While you wait for prices to rise, there is no shortage of demand for leasing apartments in these first-class cities, so you can look forward to a comfortable rental income.

Looking to buy? Check out our listings.

For more information, visit our International Residential Property Services webpage, or contact Anne-Marie Sage.

04 Dec 2019

Apart from being the largest economic center and transport hub outside London, Edinburgh is also a city of diverse culture linking the old and the new development together.

Demand for high end residential property in Edinburgh keep increasing as it has been ranked to one of the most liveable cities in the world. New Eidyn at St James Quarter offers studio to 4-bedroom apartments is a great chance for investor to discover Edinburgh. New Eidyn prices from £350K (Around HKD3.64M*)

Jones Lang LaSalle Investments Limited is a licensed real estate agent, license number: C-082467. 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. Planning Permission no: 08/03361/OUT and 16/01694/FUL granted by The City of Edinburgh Council. Acquiring interest in an apartment in the building with freehold. Property ID number: IRP_N_101_00386. The last update date: 29 Nov 2021.

 

For more information about New Eidyn and other residential properties in Edinburgh, please contact JLL Investments Limited at +852 3759 0909 or irp.hk@ap.jll.com.

02 Dec 2021

香港,2021年11月17日 – 著名發展商富力地產(英國)與中渝置地隆重推出位於倫敦Nine Elms區核心全新發展項目Thames City 最新一期 Building No.9。項目毗鄰河畔社區,樓高37層,分別提供一房、兩房、三房、四房及頂樓單位,面積由603平方呎至超過5,000平方呎不等,合共提供227個寬敞舒適的優質住宅。

Thames City位於倫敦心臟地帶,將會是全英最大型的商住發展項目之一,預計會於2022年夏天迎接首批住戶,將為中倫敦及Nine Elms東部帶來充滿活力的全新社區。 

隨著地鐵倫敦北部線延線通車,將在Nine Elms設有新地鐵站服務Thames City發展項目,為Nine Elms帶來新需求。銷售代理仲量聯行預期未來五年內Nine Elms的銷售和租賃交投將顯著增加,料售價與租金將分別上升22.5%及13%。

Thames City的 Building No.9亦是富力地產今年推出Thames City的Building No.8後第二個銷售項目,Building No.8樓高53層,坐擁泰晤士河及倫敦無與倫比的河畔景觀。 

由享譽國際的知名建築師Skidmore Owings & Merrill LLP (SOM)打造,室內空間則由獲獎無數的HBA Residential負責設計,優秀的設計團隊將Thames City打造成中倫敦最具活力及完善的新社區。

HBA Residential為項目引入的開放式及靈活設計元素,讓住戶享受高規格的室內空間。坐落於泰晤士河畔,每戶的落地玻璃窗設計光線充足,讓住戶可在大型露台擁抱壯麗、無遮擋的泰晤士河景色,把戶外的美景融入家中。 

項目的住戶亦可盡享五星級的休閒及配套設施,包括設有個人護理間的水療中心、鬆弛和護理室、大型游泳池、蒸汽室、桑拿、按摩浴缸、附設瑜珈和舞蹈室的健身室,以及位於Thames City Building No.8內39樓的空中酒吧。休閒及配套設施均由國際知名的AB Concept設計團隊打造。

此外,住戶亦可在Thames City Building No.9享受私人宴會廳、私人酒廊和酒吧、電影院、卡拉OK、商務中心、圖書館、兒童遊樂室以及24小時禮賓服務。大樓亦設有私人入口大堂、寬敞的的平台天台花園,以及2個私人平台庭院,並提供代客泊車服務。

富力集團副總經理兼英國公司董事長關智熊:「Thames City Building No.9帶動了Nine Elms河畔核心社區的時尚生活發展,在倫敦最令人趨之若鶩的社區帶來全新及難得的機會。」

「項目的銷售表現十分理想,我們期待在2022年夏天迎接首批住戶入住。受惠於倫敦北線延線,配合Thames City提供的大量綠化空間和一座全新公園,我們已看見已令Nine Elms轉變成倫敦最時尚的河畔住宅區。」

中渝置地副主席兼執行董事黃志強:「我們很高興與富力攜手合作發展項目,我們欣然看見Thames City即將推出第二座項目,我們一起併肩努力,打造動人的理想家園。」

「我們期待明年住戶入伙,也期待未來幾個月內即將發布的不同消息,包括住宅、商業與公共領域,Thames City將成為與中倫敦核心位置僅15分鐘距離的新發展區。」

仲量聯行英國住宅市場研究主管Nick Whitten:「Thames City是泰晤士河以南的少見地產投資機會,Nine Elm可嫓美許多傳統與著名社區,是許多買家與投資者都看好的Zone 1核心區位置,極具發展與投資潛力。」

「目前倫敦樓市因疫情關係導致住屋交投延後,導致租務需求大增。Thames City Building No.9將於明年入伙,屆時可為對該區感興趣的人士提供住進河畔黃金地段的獨特機會。此外,隨著倫敦北線延長線現已通車,Nine Elms這個全新社區的潛力將會倍增。」

位處倫敦核心位置,寬敞的草坪、連接不同地方的行人道及單車徑、位處河畔的大型綠色空間,照顧你的身心靈需要的開放空間,讓住戶與大眾可享遠離城市喧囂的寧靜休閒居所。

Thames City Building No.9售價由£799,000 (約837萬港元)起,由國際代理商仲量聯行負責代理銷售。

如欲了解更多詳情,請聯絡仲量聯行黃嘉欣,電話:+852 3759 0909 ,電郵:irp.hk@ap.jll.com ,或瀏覽:www.thamescity.com

 

香港展銷會詳情如下

  • 日期:11月27至28日 (星期六至日)
  • 時間:上午11時至下午6時
  • 地點:香港中環文華東方酒店2樓歷山大廳

 

18 Nov 2021

HONG KONG, 17 November 2021 -- Global property developers R&F Properties (UK), and C C Land, are proud to launch Building No., Thames City, a collection of 227 of one to four-bed apartment and penthouse units ranging from 603 sq ft to over 5,000 sq ft of spacious and lateral residences, set across 37 storeys, centred in the heart of Nine Elms – London’s most desirable riverside neighbourhoods.

Set to welcome first residents in Summer 2022, Thames City is one of the largest mixed-use schemes to be built in the UK, a thriving new district for central London and the eastern hub of the Nine Elms regeneration programme.

Nine Elms is witnessing increased demand, following the recent opening of London’s Northern Line Extension, which will include a new station at Nine Elms serving their Thames City development. Sales agents, JLL anticipates significant increase in sales and lettings within Nine Elms over the next five years, with uplift sales and rental forecast at 22.5% and 13% respectively.

This is the second building to be unveiled by R&F Properties UK at Thames City this year, following a successful launch of Building No.8 Thames City, a 53-storey building offering new and unparalleled views across the River Thames and London.

Designed by internationally acclaimed architects Skidmore Owings & Merrill LLP (SOM), with interiors by award winning interior studio HBA Residential –Thames City is already forming a thriving and exceptionally connected new district in ‘downtown’ central London.

With interiors by HBA Residential, the international residential specialist of Hirsch Bedner Associates, the open-plan and flexible spaces have each been delivered to a high- specification and finish. Boasting unrivalled and panoramic views across the River Thames, natural light floods through each home through floor-to-ceiling windows, and residents will also benefit from large terraces to truly and bring the outdoors in.

Residents of Building No.9 Thames City will have access to a wealth of exceptional five-star services and amenities, internationally acclaimed luxury design studio AB Concept.

These exceptional spaces have been designed by AB Concepts including a spa wellness centre consisting of relaxation and treatment rooms, a large swimming pool, steam, sauna and jacuzzi, gym with yoga and dance studios, level 39 sky lounge (located in Building No.8).

In addition, there will be podium private dining, private lounge and bar, cinema, karaoke, business centre, library, kids play and 24-hour concierge, in addition to a private entrance lobby, extensive podium roof gardens and 2 private podium courtyards with secure valet parking.

Guan Zhixiong, Chairman of R&F Properties (UK): said: The launch of Building No.9 Thames City elevates contemporary living in the heart of a growing riverside community at Nine Elms, offering a new and rare opportunity in London’s most desirable neighbourhoods.

“Sales to date have been successful and we look forward to welcoming first residents in Summer 2022. Thanks to the Northern Line Extension, and local development contributions – where we are providing an abundance of green spaces, including a new park – we are already seeing the area dramatically taking shape as it transforms into London’s coolest riverside neighbourhoods.”

Dickie Wong, Deputy Chairman and Executive Director of C C Land, said: “Together with R&F, we’re delighted that Thames City is already set to launch its second building, as its development pipeline continues to be delivered at strength and pace.

“We look forward to welcoming residents next year, and look forward to many upcoming announcements – across residential, commercial and public realm – over the next few months, as Thames City is transformed into prime Central London’s most in demand 15 minute neighbourhood.”

Nick Whitten, Head of UK Residential & Living Research at JLL, said: Elevating London luxury living, Thames City provides a unique and unparalleled opportunity south of the river. Rivalling many traditional and prestigious neighbourhoods, many buyers and investors look to prosperous Zone One locations – such as Nine Elms – where there is both opportunity and investment potential.

“The London property market is witnessing an increase in rental demand, following pent up activity as a result of the pandemic. Building No.9 Thames City, which welcomes first residents next year, presents a unique and central riverside opportunity in the early stages of growing interest and demand in the area. Furthermore, excellent new transport connections, such as the recent opening of the Northern Line Extension station, are highlighting the area’s potential as a Prime district.”

Placing wellness and open space at the heart of this Zone One London location, a Great Lawn, network of walkways, cycle paths and intimate green spaces along the river will provide residents and the public a peaceful retreat from the hustle and bustle of the city.

Prices for Building No.9 Thames City start from: £799,000 (about HKD 8.37 million) and is on the market with international agents JLL.

For more information, please contact Mandy Wong, JLL, tel: +852 3759 0909, email: irp.hk@ap.jll.com, or visit www.thamescity.com

 

Hong Kong launch event:

  • Date: 27 – 28 November 2021 (Sat-Sun)
  • Time: 11am-6pm
  • Venue: Alexandra Room, 2/F, Mandarin Oriental Hotel, 5 Connaught Road Central, Central, Hong Kong
18 Nov 2021

The Royal Docks has become a distinctive London neighbourhood offering a premium waterfront lifestyle bringing together high quality residential, commercial, and recreational amenities with excellent connectivity to the city centre, workplaces and the world beyond. The area offers renters and homeowners great access to what are now the top living priorities according to research from JLL.

The report will provide you the valuable insights into:

  • House price forecast and rental forecast
  • Infrastructure and economic improvements
  • Letting market
  • Royal Docks average monthly rents

 

To learn more the latest information of Royal Dock, please download the report now!

Download Report

19 Oct 2021