Opportunities for Hong Kong buyers and investors to secure a London apartment have continued with the release of the latest phase in the Beaufort Park development.
The Envoy and Enterprise Apartments are the latest section of the award-winning 25-acre mixed-use development in Hendon, northwest London, to be offered by developer St George to overseas buyers amid reports of an easing in the decline of British house prices.
Agents hope that Hong Kong buyers will be attracted by the weaker value of sterling compared to a year ago, low interest rates and the amenities and convenience offered by Beaufort Park.
Peter Murray, a partner at agents King Sturge in London, said Envoy and Enterprise Apartments would be released first in Hong Kong, prior to Britain.
Prices will start at GBP159,950 (HK$1.98 million) for the apartments, which comprise a selection of studios and one-, two- and three-bedroom apartments and penthouses. Features include an interior-designed entrance lobby, a direct lift from the car park entrance lobby to each floor and a vehicle drop-off point at the entrance.
'The current value of sterling, along with lower capital values, clear signs of market stabilisation and increased market activity, clearly presents an attractive proposal for Hong Kong investors to purchase London property. The combined currency fall and reduction in prices in real terms reflect a saving of 40 per cent from the peak of the market,' said Murray
