Frasers Property, the international property arm of Singapore-based Frasers Centrepoint Limited (FCL), is launching Phase Three of its Riverside Quarter residential project in London this weekend at St Regis Singapore.

According to The Business Times, the first two phases, comprising 204 condominiums, have been fully sold out.  

“It is an opportune time for Singapore buyers and investors to consider purchasing a UK property. The undersupply situation in the London market should benefit rentals, and the upcoming Olympics will lead to renewed focus on London as a global city,” said Chia Khong Shoong, Chief Executive of UK, Australia and NZ at FCL.

“Coupled with favourable exchange and interest rates, we are confident that Riverside Quarter will be well received.”

Phase Three of Riverside Quarter comprises 121 condominiums in two blocks. Meanwhile, Riverside One, the first phase of the development, features a nine-storey tower with 49 units, while phase two consists of a 12-storey block with 72 units.

A one-bedroom unit measures 495 sq ft while two- and three-bedroom units are available in sizes ranging from 796 to 1,728 sq ft and 905 to 1,862 sq ft respectively. Prices for a one-bedroom unit start from £360,000 (S$706,822).

Riverside Quarter is adjacent to the River Thames and close to the Southside shopping centre and Wandsworth Town Centre.

“Prime Central London has been strong with demand from overseas buyers fuelling the market for larger houses and newly developed luxury apartments,” reads a report by Savills, the marketing agent of Riverside Quarter.

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