02 October 2014
London’s leading property developer, the Berkeley Group, and Colliers International held an exclusive cocktail evening in Bangkok to showcase their Elite Collection of London developments to the Bangkok market. The projects showcased included One Tower Bridge, One Blackfriars, 190 Strand and Wimbledon Hill Park, all high quality London developments.
London is reputed to be a safe and reliable market for property investments due to its prominence as a global city, strong legal and political structure and shortage of prime housing. Interest for central London property is currently at record levels amongst Asian investors, with most of the demand emerging from Hong Kong, Singapore and China. Since 2008, prices for residential properties in London have climbed rapidly, and for the first time, average property prices topped 400,000 in the capital which is around30 percent above their 2007 peak according to the Nationwide Building Society House Price Index.
Colliers International further reports that interest is rising for UK projects amongst Thai investors. Christian Robb, Senior Sales Manager, International Project Sales & Marketing at Colliers International (Thailand) commented: “In Thailand the reasons to invest in the UK are pretty much the same as elsewhere in Asia. Investors may be looking to diversify their property portfolios, their children may attend university in the UK and therefore want a home for the duration of their studies, or they may have personal or business interests in London and the UK. Whatever the justification for purchasing, the underlying reason is investment, as London’s reputation as a safe haven appeals to the global investor.”
Paul Bennett, International Business Development Director for Berkeley said: “The demand for our homes has grown throughout Asia especially in Hong Kong and Singapore, and has now extended to Thailand. We are pleased to be able to introduce an exclusive range of Berkeley Group projects to the Bangkok market. We have showcased four projects at this event, which include One Tower Bridge, One Blackfriars, 190 Strand and Wimbledon Hill Park, many of which include new phases only just released here in Asia. Each project is in a prime location of particular interest to the Thai customer and is perfectly positioned for the ideal London lifestyle being in close proximity to excellent transport connections, London’s prime shopping districts and world-class educational institutions.
Mr. Simon Landy, Executive Chairman of Colliers International (Thailand) commented: “Thailand has great potential, significant buying power and London is the first choice as an international investment location for the Thai customer. They buy property for both their family and for investment, with the most popular location being central London close to the many and varied attractions, landmarks, education establishments, transport infrastructure and entertainment and leisure locations. We plan to offer the best London properties to Thai investors and work exclusively with Berkeley Group for more invite only events in 2015.”
Asked to comment on the recent cocktail event, Mr. Paul Bennett said: “Feedback for the event was extremely positive which are very happy with. We shall be building on this success by working closely with Colliers International to continue to offer prime central London residential developments to the Thai market and to hold future events in Bangkok.”