MTA launches “South Tower at One Crown Place”, a luxury residence in Central London. A Focus on Thai investors in the world’s largest metropolis
Alloy Group, the world leader in global property development from Malaysia launches “South Tower Suites at Crown Place” (The South Tower at One Crown Place). For the first time to attract investors in Asia, special offers will be available from 10 – 11 March at Anantara Siam Hotel, Bangkok. For more information and registration, please contact CBRE Thailand.
One Crown Place is located on “Sun Street” – the historic London Conservation Area consists of 246 residential apartments, five-star boutique hotels, the 130,000 square-meter (426,000 square-foot), 650 square-meter (7,000 square-foot), and the Georgian Terrace will be periodically restored as part of the project. Prices start from 39,500,000 Thai Baht or 888,000 Pounds for a single bedroom apartment which is expected to be completed and accessible by 2020.
Mr. Te Kim Chiew, Chief Executive Officer, says that “the launch of South Tower at One Crown Place is an exciting time for us and it shows the continued development of this landmark project. This project is truly mixed-use, offering the highest standards of living and lifestyle conceived by leading British designers, created to be a center of work in the digital era and located at one of the best locations in Greater London. Thai people will be some of the first investors in this most outstanding project.”
One Crown Place, designed by international architectural design award-winner Kohn Pedersen Fox Associates (KPF), features two towering buildings, the highest of which spans 33 stories. The beautiful Georgian terrace is the last in the neighborhood – having been restored to its original architecture, it will become the clubhouse of residents and five-star boutique hotels.
This high-end mixed-use is fully-equipped with world-class facilities such as a modern gym, private dining room, lounge, mini-cinema, treatment rooms, studios with specious balconies, natural lighting in common areas, and 24-hour security. The interior of One Crown Place is designed by renowned interior design company Bowler James Brindley, whilst the nine penthouses are designed by Sophie Ashby of Studio Ashby.
One Crown Place is not for from exclusive universities and close to many of London’s top business districts, also being situated on several local transportation routes including the new Elizabeth Line Rail (Crossrail) to be opened this year. Heathrow Airport is just 33 minutes away, and some of the world’s top shopping destinations including Bond Street Broadgate Circle, Old Silicon Roundabout, Spitalfields Market and Shoreditch are an easy 7-minute commute.
Henry Robinson, Executive Director and Developer of One Crown Place believes that “London is an all-encompassing city that is truly international. We are confident that this world-class project will attract the attention of investors both in the UK and across the globe very well.”
UK law makes it easy for foreign investors to own real estate. The 999-year leasehold has made the UK property market not only attractive to those looking for a home, but it also attracts buyers from around the world whose focus is on investing.
Thai investors will have the opportunity to profit from buying property in London, especially those who send their children to study in the United Kingdom. In the past, Thai students were the 7th largest ethnic group studying in the UK, spending around four to five years studying in the region. After graduation, these future real-estate professionals will also be able to benefit from sustainable growth of long-term capital – in the past ten years, the value of quality apartments with strong capital growth especially in prime locations such as London’s city center will increase by 16.7% by 2021 according to CBRE’s research, an amount higher than that of other assets such as gold, oil and stock markets.
Thai investors and those from around the world are interested in investing in London real estate because the UK is a safe haven thanks to its transparent legal system and an ideal time zone for communication and international commerce. The supply of housing is not sufficient to meet the demand, thus this market is growing very steadily. London has a long history of having a diverse culture whilst using English as its universal language. Recently, the number of investors in Asia has increased significantly due to changes in the exchange rate of the Pound.
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