TWO-THIRDS or about 67% of buyers of City Developments Ltd’s (CDL) latest development project, 100 Sydney Street, are Malaysian, indicating their strong interest in London residential property and renewed market confidence amidst the Brexit negotiations.
The development is already 40% sold with prices starting from £5.75 mil. The boutique development comprises seven apartments and one penthouse in Chelsea SW3, a few steps from London’s King’s Road. All apartments are offered freehold.
David Ashcroft, CEO of Dartmouth Capital Advisors, which works on behalf of CDL in the UK, said: “We are excited by the prospect of significant international interest in our 100 Sydney Street development. Its prime location is ideal for those interested in taking advantage of London’s culinary and retail opportunities and its appeal to the Malaysian market so far is very promising. We expect this trend to be indicative of the global appeal we anticipate our apartments having.”
He added that the growing number of Malaysian cuisine opportunities in West London, as well as the retail offerings are also reflecting this buyer trend in the areas around King’s Road in Chelsea and Battersea. – Feb 21, 2020
