A luxury, 404-apartment residential development, Snow Hill Wharf, located in Gun Quarter district in Birmingham, the UK, will be showcased in Singapore. This will take place at The St Regis Singapore on Sept 8 and 9. Snow Hill Wharf is developed by London-listed Berkeley Group, and marketed in Singapore by Savills Singapore and Strawberry Star.
Snow Hill Wharf is the first luxury residential development in that district, and the showcase will be the first time international investors can buy a property in the development. The 288,000 sq ft project will include a mix of one- to three-bedroom apartments which will have views of the city’s skyline. The development will feature a gym, resident’s lounge and cinema room, as well as 24-hour concierge and security services.
The first phase of sales will see units at two residential blocks selling from £189,995 ($333,631).
Savills forecasts 17% rental growth in the city over the next three years, due to its growing working population, constrained housing supply, and economic prospects. “There is a predicted shortfall (of new homes in Birmingham) between now and 2031, making it likely that prices will continue to increase,” says Cherrin Loo, director at Savills Singapore.
“There is also a huge amount of infrastructure investments like (the high-speed railway) HS2, which will link Birmingham to London in less than 50 minutes when completed in 2026. It will further increase property demand from professionals and families currently living in London,” says Doris Tan, regional director at Strawberry Star.