No Comments

8 Lygon – FEB 2017

On behalf of the Developer, we are pleased to present the latest update from the construction site of Lygon 8 in Melbourne, Australia as at February 2017. Kindly click on the image below to enlarge.

 

About 8 Lygon

8 Lygon is perfectly positioned only 3.5 kilometres from Melbourne’s CBD, at the heart of culture in Carlton & Brunswick and in close vicinity to a vast range of cafe and dining hubs.

Designed by award-winning architect, CHT Architects, this iconic 9-storey building marries cafe culture and retail at its base with chic urban living above. The building features a number of amenities including the stunning secure lobby, a lush garden courtyard, your own community vegetable garden, and a rooftop entertaining space with uninterrupted views of the city.

The chic contemporary interiors by CHT Architects reflect Melbourne’s international style. Each apartment has been designed to fill the spaces with warm filtered light, enhanced by the surrounding views of the city and tree-lined rooftops.

Every apartment has top of the range appliances, fixtures and fittings, with cleverly crafted detailing and joinery throughout.


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

No Comments

RIMA – FEB 2017

On behalf of the developer, we are pleased to bring our clients the latest updates from the construction site of RIMA in Brunswick East, Melbourne. Click on image to enlarge.

Located on 22 Lygon Street, RIMA is surrounded by some of the most popular retail institutions, watering holes and eateries in the city. It is in perfect proximity to two of Australia’s finest universities – the University of Melbourne and RMIT University, Brunswick. Everything is a tram or bus ride way!

Design-wise, RIMA is a polished ensemble of clean lines, steel and glass, whilst the interiors offer spectacular views, well-configured and seamless spaces and abundant natural lighting. RIMA’s rooftop club is a fabulous hideaway from the hectic Brunswick and Lygon pace, complete with a terrace lounge with open fire place, dining area with barbecue, teppanyaki grill, bar and a cosy outdoor cinema – surrounded by uninterrupted views of the city; a perfect spot for entertainment.

RIMA Investment Highlights

  • Capital growth averaging 5.06% p.a. over the last 10 years (translates to more than 70% growth over 10 years, making a $500K apartment worth $850K)
  • Vacancy rates of 2.1% (vs 2.9% in Metropolitan Melbourne)
  • 28.6% are within the 25 – 34 age group (vs 15.4% in Greater Melbourne)
  • Residents able to pay higher rental – 17.4% earn more than $1,500 per week (vs 12.9% in Greater Melbourne)
  • Only 10 mins from University of Melbourne and 12 mins from RMIT University
  • Only 3km to Melbourne CBD
  • Convenient public transportation: tram & bus


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

No Comments

UK Property Outlook 2017

Housing Shortage Continues to Drive UK Property Market Growth in 2017

Summary

Lack of housing in the UK remains the top driver of housing market growth in the UK
Property markets in regional cities like Manchester have surpassed London
UK student property remains resilient to Brexit, growth predicted to hit £45.8bn by Sept 2017
Brexit effects still muted, international investors have greater appetite for UK real estate

Image credit: http://bit.ly/2hNtoqD

The year 2016 was an eventful one for the UK property market, influenced significantly by changes to the stamp duty and Brexit. While these events will continue to underpin market growth in 2017, the critical lack of housing remains the market’s main driver, supporting property prices. This article highlights the various issues that will dominate the UK property landscape in 2017.

Brexit Aftershock – A Final Window of Opportunity

The market calmed down fairly quickly following the results of the EU Referendum. Fears of an immediate house price crash after Brexit have abated with overseas investors particularly gaining a strong appetite for UK real estate, fuelled by the drop in the pound. As 2017 reopens with the spectre of Article 50, we foresee the same uncertainty surrounding the property market following Brexit in 2016, remaining in 2017. PM Theresa May received landslide votes in Parliament on Feb 8 to trigger Article 50, yet this will not change the fact that Brexit shall be a long-drawn affair.

Appetite for UK property stands to remain strong among overseas investors during this window of uncertainty when the sterling remains at its lowest levels since 1985. The Bank of America has advised its clients that it expects the sterling to suffer one last plunge — its lowest — when Article 50 is invoked (expected end March) and that this will be the best time to buy the sterling as the currency will strengthen after official Brexit negotiations get underway. The bank believes the sterling will recover in a V-shape rebound and that currency markets will no longer react to Brexit following this.

We have always believed that London and the UK are resilient and will remain an important global landmark; the market shall right itself around and the pound will rise again once the chaos calms and uncertainty reduces. We anticipate that investment volumes will recover next year, but until then, now is a good time to invest in UK property while the pound is at its weakest.

 

UK Student Property Remains Top Investment Asset

Just as it did during the economic downturn, UK student accommodation is proving resilient to concerns about Brexit. The Universities and Colleges Admissions Service (UCAS) reports that the number of students for 16/17 is set to exceed the previous year. While it may be that the weaker pound is more attractive to overseas students, it also proves the ongoing demand for UK higher education. JLL released research showing that at the start of the 2016/17 academic year, almost 522,000 students were enrolled on undergraduate courses at UK universities, an increase of more than 7,000 on 2015 while the number of acceptances of EU students rose by 8% y-o-y.

We strongly foresee that UK student accommodation is set to remain popular due to its recession-proof qualities, alongside supply still unable to keep up with demand across the UK. There will be growth in overseas investors due to the favourable exchange rate. Knight Frank predicts that UK’s purpose built student accommodation sector is set to reach a total value of £45.8bn by September 2017 while rental growth of 2.5% is expected. The sector has grown by 37% since 2014, from £30.9bn to £42.5bn, making it one of the fastest growing asset classes in the UK property market.

 

House Prices Continue to Increase

The UK housing market is a tough cookie, staying resilient in the toughest of times.

Figures by the Office for National Statistics (ONS) for October 2016 showed that house prices across the UK grew 6.9% y-o-y. While this may be the lowest growth figures recorded since end 2015 (the market slowed mostly due to stamp duty and other tax changes), this is still strong growth nonetheless, driven by the general undersupply of housing across the UK. The Royal Institution of Chartered Surveyors (Rics) predicts that UK house price growth will slow down in 2017, but that the legacy of insufficient housing will see demand continue to outstrip supply, leading to a 3% rise over the year. The weaker pound will prove favourable to international investors.

 

Britain’s Crisis: Housing Remains Critically Undersupplied

Some 250,000 – 300,000 houses need to be built every single year to tackle soaring house prices and home shortage in England. The latest figures show that only 190,000 homes were added to England’s stock last year — the highest number since the financial crisis. With the current uncertain climate, there are fears that fewer homes will be built in 2017, with Jones Lang Lasalle (JLL) suggesting that the number of housing starts (ie start building) could fall to 134,000 (from 147,880 in 2016).


Rents Continue Rising

Data from Savills shows house prices vs rental. Image credit: BBC

Despite the change in stamp duty affecting landlords, there remains a significant community of renters in the UK, due to the critical undersupply of housing and prices at inaccessible levels. Commentators predict rent rises of 2%-3% across the UK; Savills has forecast a rise of 2.5% in 2017, while in London the increase will be at 3% as more people share homes to split the cost. In fact, Savills has predicted that rents would rise faster than house prices i.e. at 19% between now and 2021 while house prices only rise by 13%. Rics suggests that rents will rise by about 5% p.a. for the next five years because of strong demand and shortage of properties.

PwC’s research into housing affordability for generation rent shows that buyers may now have to save for 19 years in order to buy their first home (assuming deposit is raised entirely from their own savings without family assistance). In 2000, the same group would have been able to buy after saving for just 6 years, and in 1990 it took only around 2 years.  PwC estimates a generation renter starting to save in 2016 can now buy in 2035. See our article: Britain, A Nation of Renters?

Manchester Knocks London Out in Price Growth

For the first time in 7 years, London is no longer within the top three growth regions in the UK as the effect of Brexit is more keenly felt in London. Regional cities like Manchester and Birmingham are in the spotlight due to better public realm improvements and more students choosing to stay and work in these cities. Manchester is leading the price growth among key cities in the UK, recording rises of 8.9% y-o-y as demand exceeds supply and unemployment falls. The outer boroughs of London are posting faster growth rates than the inner boroughs and this trend is looking to stay this year.

House price growth rates: inner vs outer London boroughs. Source & credit: CBRE

Rightmove’s most recent report, based on asking prices of properties for sale, shows a steady start to 2017’s housing market, with annual growth in the East and South-East regions of England significantly outpacing London and the South-West. Again, prices are being bolstered by a lack of housing, meaning that demand continues to outstrip supply.

Conclusion

There is strong potential in the UK real estate market as it is not as affected by Brexit as many think. UK student accommodation is a good investment asset as we see increased interest and investments into the sector, even from among our own clients. Key to strong returns is to buy in cities with  good universities and accommodation undersupply. For residential property, we have always maintained that Manchester is the city to focus on while outer boroughs of London, particularly East London (especially areas with Crossrail accessibility) will bring better returns than inner London.

—-

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

No Comments

Adopt A Hope: The Rachel Siew Trust Fund

RAISING FUNDS TO HELP RACHEL SIEW FUND HER LIFE-SAVING TREATMENT

The Rachel Siew Trust Fund (RSTF) was set up with the objective of raising funds for Rachel Siew, a gutsy 27-year-old born with MPS IVA (Morquio), to undergo Enzyme Replacement Therapy (ERT) treatment. This treatment will save her life.

Imagine being born with a rare condition in which your bones, joints, kidneys and eyesight steadily deteriorate over time. A condition in which, without treatment, your chances of survival are slim because your organs will fail. And that, unfortunately, the treatment — which you cannot stop or the consequences would be damaging — costs more than RM1 million a year. Every year.

And what if your appeal for funding to governmental and private organisations alike, have been in vain? You have no choice but to fight for your life using all means possible because.

Meet Rachel Siew Suet Li, a 27-year-old battling Morquio syndrome. A cheerful dynamite of a woman standing at 92.5cm tall and weighing under 20kg, Rachel currently speaheads the ‘Adopt A Hope’ campaign to create greater awareness of her disease and raise funds for her yearly Enzyme Replacement Therapy (ERT) via the Rachel Siew Trust Fund (RSTF). Treatment costs a staggering RM1.6 million per year and Siew is raising funds for her second year of treatment as countless visits to the Ministry of Health to plead for funding has been in vain. She is the second Morquio patient to receive this life-saving treatment in Malaysia. The treatment, once started, cannot be stopped as it will result in adverse effects.

“After more than 20 years of waiting for a ‘miracle’, there is now a treatment that can help prevent my condition from deteriorating further. This is a lifetime treatment and if I don’t set up my own trust fund and campaign for myself while appealing to the authorities, how am I going to continue my journey in life?” says Rachel, a law graduate.

A proud and moving moment for Rachel who graduated with flying colours from the University of Hertfordshire. Image credit: BAC

Rachel is inspiring and courageous, to say the least. She read Law in the University of Hertfordshire in England, fending for herself entirely and settling in well in spite of her limitations and being far from home. Till today, she stares each and every trial in the face and refuses to be daunted, holding firm to importance of self-acceptance and perseverence.

Rachel was formerly part of the Cornerstone International Properties family before moving on to work full-time as a Community Advocate of the Make It Right Movement (MIRM) powered by Brickfields Asia College (BAC).

Rachel Siew catching up with former colleague Virata at a recent party.

“I was blessed to gain employment at Cornerstone International Properties; they accepted me completely, including my limitations. When I was there, I never considered it as ‘going to work’, but like going back home because everyone there became a big part of my life — my family! It’s a struggle to get a job these days, what more for individuals with limitations like myself. I sent countless of CVs and got many rejections, while some never even responded. I hope other companies out there would consider offering employment to individuals with Morquio or other limitations. We may not be as fast as a fully-abled person, but with time and guidance, we will excel,” she says.

Rachel is in need of funds for her second year of treatment and we at Cornerstone International Properties are stepping up to support her. We have set up a crowdfunding platform as part of our effort to create awareness of Morquio Syndrome and raise funds for Rachel’s treatment. All proceeds go entirely to the Rachel Siew Trust Fund.

Independent: Rachel settled in well and managed everything on her own whilst reading Law at the University of Hertfordshire in England.

“Rachel was, and always will be part of our family. She is a bright, courageous and inspiring person who has given all of us in the CSI Prop family a greater appreciation for life and we want to help her as much as we can. We hope the crowdfunding platform will reach as many individuals as possible and that it will raise funds for her treatment. Rachel and those like her deserve support and a fighting chance for life,” said CSI Prop spokesperson Virata Thaivasigamony.

Please donate to the crowdfunding platform here <<insert link>> and join Rachel Siew in her quest to live a fulfilling life. ALL PROCEEDS GO TO THE RACHEL SIEW TRUST FUND. #RSTF #ThisIsMe

Here’s a link to the Rachel Siew Trust Fund: RSTF Facebook site