Tag Archives: UK Property

Ho Bee Land sells London office block for £94.5 million

PROPERTY group Ho Bee Land has entered into a deal to sell Rose Court, an office block in Southwark, London to an unrelated Guernsey property unit trust for £94.5 million (S$167.5 million). The buyer has paid a deposit of 10 … Continue reading

Posted in Developer News, General | Tagged , , | Leave a comment

Most foreign firms owning London property are registered in tax havens: report

The vast majority of overseas companies that own property in London, including many used by individuals to help disguise their ownership, are registered in tax havens, according to a report by Transparency International UK and Thomson Reuters. Just over 90 … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

London to launch inquiry into foreign property ownership: report

London’s mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. “It’s clear we need to better understand … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Uncertainty is the only certainty for landlords post-Brexit

British landlords are unsure or concerned about the consequences of Brexit for the private rental sector, according to research consultancy BDRC Continental. In a post-referendum survey of landlords published on Friday, 40 per cent said they think the vote to … Continue reading

Posted in General | Tagged , | Leave a comment

UOB suspends London property loans after Brexit

United Overseas Bank (UOB), Singapore’s third-largest lender, has suspended its loans programme for London properties in the wake of uncertainties caused by Britain’s vote to leave the European Union. UOB would be among the first banks in Singapore to turn … Continue reading

Posted in Finance, General, Overseas Property | Tagged , | Leave a comment

UK homeowners: property prices have gone up faster than you thought

Housing-obsessed Britons have something new to fixate on: property prices may have increased more than previously thought. A new official house-price index, designed by the Office for National Statistics, shows values rose an annual average of 6.1 per cent between … Continue reading

Posted in General, Overseas Property | Tagged , , | Leave a comment

Keppel Land to invest in freehold building in London’s CBD for S$186m

Keppel Land on Monday (Feb 9) has entered into a sales and purchase agreement with Aberdeen Property Trust for a freehold nine-storey office building in the City of London for £91 million (S$186 million), it announced in a press release. … Continue reading

Posted in Developer News, General, Overseas Property | Tagged , , , | Leave a comment

Qatar set to buy London’s Canary Wharf district

Qatar looked to have won a drawn-out bid to buy London’s Canary Wharf on Wednesday (Jan 28) after the owner of the landmark office quarter said its main shareholders favoured a sale. The board of Songbird, which controls 69 per … Continue reading

Posted in General, Overseas Property | Tagged , , , | Leave a comment

Qatar makes final US$4.1b bid for Canary Wharf owner

Qatar on Thursday lodged a “final offer” to buy the owner of London’s landmark Canary Wharf office quarter for US$4.1 billion. Sovereign wealth fund Qatar Investment Authority and US group Brookfield Property Partners said in a statement they have increased … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

UOL buys prime London site for S$202m

Property group UOL will embark on its first major development project in London following the purchase of a prime development site in Bishopsgate for £97 million (S$201.9 million). The Singapore-listed developer bought Heron Plaza, seller Heron International said in a … Continue reading

Posted in Developer News, General, Overseas Property | Tagged , , , | Leave a comment