While we may currently be home-bound by COVID-19, Stanley Cheung, Head of Sales and Project of FM Investment Group (FMI), stresses that is no reason to miss the golden opportunity of entering the UK property market.
Cheung cites three reasons why now is the time to seriously consider investing in the UK. Firstly, house prices have steadily risen after Brexit. Secondly, the British Pound has fallen to its lowest level since 1985, representing a boon for Hong Kong investors. Thirdly, the Bank of England has most recently reduced interest rates from 0.75% to 0.1%, the lowest for 325 years.
London City Island
London City Island is a joint venture between EcoWorld Development and the Ballymore Group. Labelled ‘The Manhattan of London’, this project prides itself on its unique position at the confluence of the Thames and River Lea, and the picturesque riverside neighbourhood. It is a cool sibling to the mighty skyscrapers and bright, modern shops and restaurants of Canary Wharf, the new CBD of east London.
Simple, strong & architecturally distinctive, the design for London City Island draws inspiration from cities like Chicago where the urban metropolis is framed by tree lined waterfront. London City Island presents a connected, 21st-century and 24-hour vision of the urban island – a place with a distinct and proud identity, but also a network hub, a focal point for the surrounding cultural establishments.
City Island comprises 1,700 apartments spread across 10 residential buildings, with 500 m of riverfront promenade and a 2.4-acre park. There is a wide choice of configurations, ranging from 1 to 4-bedroom units and townhouses.
The project features a comprehensive range of facilities including 24-hour concierge, security service, storage, parking, and more. For those keen to stay fit, dip in the indoor and outdoor swimming pool, or flex your muscles at the gymnasium. To rejuvenate, facilities such as the roof garden, spa, and residents lounge are available. What’s more, bring your little ones to the children’s play area and have fun.
Connection-wise, the project is a 2-minute walk to Canning Town Station. Whilst the project is in close proximity to DLR and Jubilee Line, residents can arrive Canary Wharf within 4 minutes; London Bridge within 11 minutes; and Bond Street within 13 minutes.
Investors can expect a rental yield of up to 4.5%.
London City Island
Developer: EcoWorld Development & Ballymore Group
Address: London City Island, 45 Hope Street, London E14
Warranty: 10-year warranty by NHBC
Tenure: 999-year leasehold
FM Investment
Web: www.fminvestment.com
Tel: (852) 3758 2969 / 5611 8401
London Property Exhibition and Seminar - London City Island
Date: 23 - 24 May (Sat & Sun)
Time: 11 AM - 7 PM
Venue: 27/F, The Park Lane Hong Kong a Pullman Hotel
