Customers will be interested in new research showing that 60% of new-build property in central London is now bought by people from Asia.
The report from Knight Frank covers the six months to the end of April 2011. Hong Kong buyers were the largest group at 24% followed by people from Singapore (12%) and mainland Chinese (10%).
Knight Frank say that £120 million of its London property was snapped up by Asian buyers in the last two months alone, with particular success in the £400,000 to £1m bracket. The King’s Cross mixed use development was launched in Hong Kong and Singapore very successfully at the start of April.
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