As Singaporeans' burgeoning appetite for London's property market continues to thrive, investment firms are launching products to tap into the trend.
Investment firm London Central Portfolio is set to launch a London residential property fund in Singapore next month, focusing on the central districts of the city, and in direct response to growing Singapore demand for London property.
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"The fund provides an alternative way to take advantage of this sought after asset class and is particularly attractive to people based overseas, who cannot be a 'hands-on' investor," said Naomi Heaton, CEO of London Central Portfolio.
"Whilst there has always been a high level of interest from Asian and Singaporean buyers in Central London property, in the past few years more and more have taken advantage of beneficial exchange rates and sought the safety and relative security of prime London real estate," a spokesperson added.
Singapore's demand for London properties has been heating up as a host of factors drive locals out of the home market into alternative destinations.
Residents have been put off by the swathe of restrictive measures introduced by the Singaporean government in an attempt to cool prices which have risen 60 percent since 2009 helped by low interest rates.
Meanwhile, house prices in central London have been soaring. The latest U.K. government Land Registry data showed the average house price in London was £1.45 million ($2.42 million), following robust growth of 12.3 percent in 2013.
Gavin Sung, head of international property sales for Asia Pacific at Savills' Singapore office, told CNBC that a number of factors continue to drive investment appetite into London from both Singapore and the Asian region as a whole.
"The cooling measures have been an important domestic factor. People that are liquid are looking for alternatives and one of those is London where there are a lot of options. Most look to buy-to-let, where you can take a yield, others buy more for capital appreciation. The strength of the Singaporean dollar in the last two years has been a key driver as London has looked considerably cheaper," he said.
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However, Sung added that, in his view, London's ongoing appeal as an investment destination was a more prominent driver of the trend rather than a dramatic increase in Singaporean demand.
"There are no restrictions on international money movement into London. It has an amazing rental story, one of the best education systems in the world, a vibrant culture and an ethnically diverse population, all factors that make London very appealing and aren't going away," he said.