Tag Archives: London Property

London project offered to Asian investors

Posted on 20 Oct 2009 | Comments Off on London project offered to Asian investors

CENTRAL London developer Native Land is previewing its NEO Bankside in Asia, claiming this is the first time Asian buyers and investors have been offered preferential access to a prime central London development.

Asian investors will get first bite at 197 units, priced from £1,000-£1,500 per sq ft. The entry level price for a two-bedroom unit approaches £1 million.

Located next to the Tate Modern gallery on the South Bank of the River Thames, NEO Bankside is a 50-50 joint venture by Native Land and Grosvenor, the Duke of Westminster’s privately owned property group. The project is Grosvenor’s first residential venture in London.

‘Asia represents an important and growing market for Native Land,’ said the latter’s chief executive Alasdair Nicholls. ‘Our team has a long history of co-development with Asian investors and developers. Continue reading →

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Ho Bee again looks abroad for growth

Posted on 10 Oct 2009 | Comments Off on Ho Bee again looks abroad for growth

Developer sniffing for opportunities in China and London

HARD pressed to find land in Singapore, developer Ho Bee Investment again plans to beat a path overseas to places such as China and London to grow.

‘Looking for our raw material is the big challenge in Singapore. Every site that comes up (at state tenders) now attracts 12-15 tenderers. The pricing is also very competitive.’
— Mr Chua (above) at one of Ho Bee’s projects at Sentosa Cove

‘We are still sniffing for opportunities, but our next phase of growth will definitely not just be in Singapore but outside of Singapore,’ Ho Bee chairman and CEO Chua Thian Poh told BT in a recent interview.

Under a joint-venture agreement Ho Bee signed with high-end China residential developer Yanlord last month, the two Singapore-listed developers will join forces for a feasibility study on a project in China.

Ho Bee and Yanlord are also eyeing large sites in China’s second and third-tier cities to build mid and upmarket condos for locals.

Additionally, Ho Bee is scouting for residential development opportunities in Central London. ‘London was badly hurt during the financial turmoil, and the pound has also come down substantially,’ said Mr Chua. ‘Maybe it’s time for us to re-look at London again.’ Continue reading →

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Posted in Developers, Overseas Property

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