NEW YORK: The six hundred and seventy-seventh entry for the seniors housing Global Awards for 2015 has been received.
High prices and foreign buyers have Londoners hot and bothered as multigenerational luxury apartments keep springing up in the Nine Elms district of London.
About a week ago, Aykon Nine Elms was launched in Singapore. The project has apartment interiors which will be fitted out by Versace, but it is just one of many luxury apartments in the area.
About 20,000 homes are in the pipeline over the next 10 to 15 years in Nine Elms, in the borough of Wandsworth. Launches in the past few years include the landmark Battersea Power Station project, involving a Malaysian consortium’s restoration of the decommissioned power plant.
However, locals are not thrilled. Battersea Power Station, whose backers comprise SP Setia, Sime Darby and the Employees Provident Fund, has come under fire amid news of early investors flipping their units for tidy profits after paying off only 10 to 20 per cent of the property price.
