Brexit: much at stake for Singapore property investors in UK

OVER the weekend, listed property group Ho Bee Land announced that it was paying £650 million (approximately S$1.16 billion)for a freehold 21-storey Grade A office building in London. Such a large freehold site in the City of London is said to be a rare find.

The announcement comes less than a week after news that CK Asset Holding, run by tycoon Li Ka Shing's son, Victor, had picked up London office tower 5 Broadgate for about £1 billion.

In Singapore, the en-bloc market continues its run with local and foreign players alike still snapping up sites. In Hong Kong, prices continue their rise. With sterling at current levels, prime office buildings in London represent an attractive proposition.