Cooling of Asia’s property market puts greater investor focus on London residential opportunities
Knight Frank’s International Project Marketing team reports high levels of interest in turn-key, new build, residential stock in London among Asian investors following the impact of local governments introducing cooling measures on some Asian cities’ property markets after Chinese New Year. In late February, the Hong Kong government announced it would double the rate of stamp duty on all properties over HK$2 million, which has led to a marked slowdown in the sale of apartments in the city.