London homes go on sale

Staff reporter

St James, part of the UK developer Berkeley Group, will launch the sale of a new project called Cascades Two in West London on Saturday.

The development offers 107 homes with prices starting from 610,000 (HK$5.8 million). The units include studio apartments to three-bedroom flats, ranging from 478 square feet to 1,661 sq ft, with prices going up to 2.83 million.

As part of White City Living which has six phases in total, Cascades Two offers a 39,000 sq ft lifestyle club and has direct access to a new Imperial College London campus, reaching three of London's top five universities within a 30-minute walk.

Two-bed flats and larger flats, which account for about half of the new project, are popular among Chinese and Hong Kong buyers at the moment, said Katie Thompson, sales & marketing director at St James.

A survey from property agent CBRE showed that 95 percent of Chinese and Hong Kong investors consider facilities as essential this year when purchasing a UK residential development.

Meanwhile, Berkeley recently leased a mega shop at Russell Street in Causeway Bay for five weeks to exhibit its new residential projects including Cascades Two.