Real Estate Investor Magazine South Africa June 2015 | Page 53

REI OFFSHORE
FOUR GLOBAL PRIME RESIDENTIAL HOTSPOTS

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his area has led the loft-living trend for over 30 years with demand for loft
accommodation increasing. Scarcity will drive pricing, as will Crossrail, with
the nearby Farringdon station providing access to this key investment location.
Typical 700 sq ft apartment: US$1.3m.
1. West Street in Manhattan
This street will form the new residential entrance to Brookfield Place, adjacent to the
new World Trade Center complex. West Street is a leader for the whole downtown
market, which is set for a boost over the next few years; value growth here will
outpace the rest of New York by some margin. Typical 1, 500 sq ft apartment:
US$2.7m.
2. Main Road, Green Point, Cape Town.
The local area was initially boosted by the legacy of the World Cup, and huge
investment was put into upgrading local infrastructure, such as developing parks,
roads and a transport system. Typical 700 sq ft apartment: US$200,000.
3. Business Bay, Dubai.
Work has started on building a channel connecting the sea to the existing lake that
lies in front of the Burj Khalifa. Construction of large towers lining the channel is
under way, providing residences with the unique benefit of mooring facilities in this
central location. Typical 1, 500 sq ft apartment: US$680,000.
4. Sai Ying Pun, Hong Kong
According to the 2015 Knight Frank Wealth Report, residential property in the Sai
Ying Pun neighbourhood is a good investment and re-development. It is within close
walking distance to central Hong Kong but retains local charm. Typical 700 sq ft
apartment: US$1.9m.

EXPERT Q&A
USA LAND INVESTMENT
OPPORTUNITIES

James Bowling
Monarch and Co
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