HONG KONG investors and returning expatriates are the biggest overseas buyers of luxury homes in central London. As a result, a number of developers and estate agents will be taking part in this weekend's exhibition in Wan Chai in an attempt to lure more Hong Kong home buyers to the British capital. London property promoters include Hong Kong developer MBf Property Services, which is showing new flats and houses at two projects on the banks of the Thames. For example, the company is offering 44 apartments at its Bishops Wharf development in Battersea. Each of the one-and two-bedroom flats, and the three-bedroom penthouses has a balcony and private car park. Sizes range from 648 square feet to 2,460 sq ft. The flats, priced at between GBP144,000 (about HK$1.79 million) and GBP495,000, are scheduled for completion in November. Battersea became known as 'South Chelsea' in the late 1980s. The South London district became a favourite place to live for people priced out of the 'real' Chelsea, on the opposite side of the river, and other central London prime residential areas, during the property boom of the 1980s. The company is also offering 26 flats at Balmoral Court in the London Docklands. The two-bedroom flats range in size from 709 sq ft to 758 sq ft and most have views of the Thames. The flats, priced from GBP115,700 to GBP169,000, will be completed in late summer. Balmoral Court forms part of the award-winning Pageant Steps development which was offered to Hong Kong buyers last year. An MBf spokesman said the Docklands area was experiencing an upturn in its fortunes because a number of infrastructure projects were now well underway. For example, the Docklands Light Railway is being extended to south of the Thames and a new underground railway station, on the Jubilee Line, will open at Canada Water, near Pageant Steps, in 1998. Furthermore, a new dual carriageway now runs through the area from Tower Bridge on the edge of the City of London. An MBf spokesman said the local economy was also picking up following stagnancy in the early part of the 1990s, with a growing number of businesses moving into the Docklands. At the end of last year, stockbroker Barclays de Zoete Wedd signed a lease for 850,000 sq ft of office space in the Docklands, which means about 1,250 staff will be relocating there. A further 350,000 sq ft was let in the area to Morgan Stanley, the United States bank. 'The Docklands continues to brighten as more infrastructure projects are finished, more office space is taken up and more families move to the area where offices and housing are still more affordable compared with many other areas of London,' a spokesman said. London estate agents Pembertons Residential will be at the exhibition offering a number of upmarket flats and houses in the capital's central districts. Prices range from GBP100,000 for one-bedroom flats to GBP500,000 for larger properties.