More Singaporean investors eyeing prime London properties as luxury developments hit record high

Local developers are also venturing into the city.

The lacklustre local property scene is driving Singaporean investors to foreign shores in their search for investment properties.

A report revealed today by EC Harris revealed that an increasing number of investors from South East Asia, particularly Singapore and Malaysia, are heading to London because it is deemed a safe haven for international property investors.

The realization of London property market stability and high rental yield has made the investment choice even more appealing and lucrative one for local buyers.

There is also an increasing trend for Asian property developers venture into developing London properties with international institutional investors.

The number of luxury homes currently being planned or under construction in London hit a record high this year, with around £60 billion of properties currently due to be delivered over the next decade, a twenty percent increase on 2013.

With the UK economy back on track and London deemed a safe haven for international property investors, especially those from Asia, it’s not surprising that demand for luxury homes is fuelling ever-increasing development.