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Construction Update – One Wolstenholme Square (Nov 2017)

On behalf of the developer, we bring you updates as at end Nov 2017 from the construction site of One Wolstenholme Square in Liverpool, UK. Kindly click on the image below to access and flip through the update.

FLASHBACK: One Wolstenholme Square

The Epicentre of History & Culture

Imagine being at the centre of a quaint and cultural city bustling with life and steeped in history…Welcome to One Wolstenholme Square, the latest £40 million development in the most desirable postcode in Liverpool.

Located five minutes away from the city’s attractions and top university campuses, One Wolstenholme Square comprises a selection of studio and one-bedroom residential apartments with a panoramic view of the Liverpool skyline and the remarkable World Heritage Waterfront.

Liverpool is one largest economies in the UK, and home to half a million people, some of the UK’s top universities, football clubs (Liverpool FC & Everton FC), a staggering student population of over 53,000 and, of course, The Beatles!

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – The Residence (Nov 2017)

On behalf of the developer, we bring you updates as at Nov 2017 from the construction site of The Residence in Manchester, UK. Kindly click on the viewer below to see and flip through the update.

FLASHBACK: The Residence

The Residence is only a few minutes’ walk from Manchester City Centre. It sits at the doorstep of Spinningfields (The Canary Wharf of the North), Manchester’s main shopping and commercial district and Deansgate, the financial district of the city. The Residence occupies a prominent position within the stunning new £400 million Greengate Masterplan Project and, upon completion, will be one of the tallest residential buildings in the city, making it highly desirable for tenants. The regeneration of Greengate is expected to unlock £400 million of investment over the next 15 years.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – Falkner Place (Nov 2017)

On behalf of the developer, we provide you with the latest updates as of Nov 2017 from the Falkner Place construction site in Liverpool. Kindly click on the image below to access the update.

Flashback: Falkner Place

Introducing Falkner Place, a new Georgian-inspired residential property investment located in the affluent Georgian Quarter of Liverpool. This impressive project will see 109 residential apartments built, ranging from studios, 1-bed, 1-bed duplex and 2-bed duplex units.  Falkner Place at the Georgian Quarter is just a short walk from Liverpool’s city centre and its main attractions, hospitals and universities. Residents will be well-positioned to capitalise on the continued regeneration of Liverpool’s city centre and its surrounding area.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – Opto House Block C (Nov 2017)

On behalf of the developer, we provide you with the latest updates as at end Nov 2017 from the construction site of Opto House Block C in Luton.  Kindly click on the image below to access the update.

FLASHBACK: London Spring Place

Opto House (London Spring Place) is a brand new, purpose-built student accommodation development comprising fully-managed en-suite rooms and self-contained studio suites across three blocks. En-suites are arranged in clusters of 6 with access to a communal living area and kitchen. Self-contained studio suites will contain en-suite bathrooms and a fully functional kitchenette. Beautifully furnished with a wide range of amenities and facilities, Opto House (London Spring Place) is one of the most ideal student accommodations in the region. It is located within walking distance to the University of Bedfordshire, the shopping mall, and the train station with easy and convenient access to central London in 22 minutes!

Investment Highlights

  • 8% NET p.a. assured for 5 years
  • No bad debt as parental guarantor in place
  • 24,000 students but less than 5,000 available purpose-built beds
  • 250-year leasehold
  • 3% interest paid on deposited funds
  • Established Developer with exemplary track record
  • Completed

Specifications

  • En-suite and studio suites
  • 24 hour CCTV security and controlled building access
  • Communal courtyard
  • Fully equipped state-of-the-art gym
  • Cinema room
  • Onsite management team & manned reception
  • Lounge area with LCD TVs
  • Study and meeting rooms
  • Visitor parking
  • Games room with pool table & gaming stations
  • Onsite laundry
  • Outdoor leisure and sports facilities to include beach volleyball, basketball, table tennis &
    an outdoor cinema

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – Q Studios (Nov 2017)

On behalf of the developer, we bring to you the latest updates from the Q Studios construction site in Stoke-on-Trent, as of November 2017. Please click the image below to flip through and enlarge the update.

Flashback: Q Studios

Fulfilling Students’ Needs

Q Studios is situated in the Hartshill area, with its wide variety of shops and services. It is Stoke-on-Trent’s brand new 300-apartment purpose built student property set within a beautifully landscaped courtyard,  ideally situated between two established universities. It also sits opposite an upcoming student village development and directly adjacent to the brand new £282 million University Quarter.

With only 7% access to purpose built student en-suites citywide, demand is assured for these highly sought-after studio apartments. Indeed, only 21% of the city’s growing student population currently have access to any form of Purpose Built Student Accommodation – including university halls.

Each studio is completely self-contained, with an open plan living space that includes both study and social areas, as well as a double bed and fully-equipped kitchen. The en-suite bathroom contains a cubicle shower, wash basin and toilet. Priced from £69,950.

Investment Highlights

  • 10% nett fixed yields
  • Assured 10 years
  • 10 years structural warranty
  • ZERO stamp duty
  • 10 mins walk to University of Staffordshire & University Quarter
  • 8 mins walk to Stoke-on-Trent Railway Station
  • Critical undersupply of student rooms (including university halls)


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – Lygon 8 (Nov 2017)

On behalf of the developer, we bring to you the following updates from the construction site of Lygon 8 in Melbourne, as of November 2017. Click the image below to flip through and enlarge the update.

Flashback: 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 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  

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

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Construction Update – One Islington Plaza (Nov 2017)

On behalf of the developer, we bring you updates as of November 2017, from the construction site of One Islington Plaza in Liverpool, UK. Kindly click on the viewer below to read, flip through and enlarge the document.

Flashback: One Islington Plaza

Living in the Knowledge Quarter

One Islington Plaza is the latest student development directly adjacent to Liverpool’s Knowledge Quarter,  in the heart of Liverpool’s student district. One Islington Plaza will consist of 317 studio and ensuite clusters, with great facilities for student living such as communal lounges, entertainment and services. All ensuites have access to communal kitchens with appliances, including dishwashers, while all studios come with fully-fitted kitchens. The project is situated in an incredible location, within walking distance to major universities in Liverpool.

Investment Highlights

  • Prime Location
  • 8% rental returns assured 3 years
  • NO stamp duty
  • Fully-managed
  • Fully-furnished

Project Highlights

  • On-site concierge & front desk
  • Communal lounge with flat screens, video games, pool tables, ping pong & fuzzball
  • Cinema, media room & study areas
  • Laundry services
  • Bicycle storage
  • Fully-equipped gym
  • On-site Crosby Coffee shop & retail unit
  • TVs & high-speed broadband in all rooms
  • Hotel style access control systems & monitored CCTV system


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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Construction Update – Lygon Place (Nov 2017)

On behalf of the developer, we bring to you the following updates from the construction site of Lygon Place, Melbourne, as of November 2017. Kindly click on the viewer below to see and flip through the update.

Lygon Place, Briefly

Lygon Place, located in Brunswick East, brings authentic urban living to one of Melbourne’s most established, inner city precincts. Tree lined streets, leafy parks and gardens meet an abundant retail and café scene in a small yet diverse, tightly held location, 4.2km from the heart of the CBD.

Central to the city’s most popular destinations and surrounded by Melbourne’s key employment hubs, transport links and leading universities, Lygon Street is placed for proximity. Open green spaces, a rich cultural heritage and colourful urban landscapes embody the essence of modern Melbourne while an energetic and youthful community of artisans and creative entrepreneurs set a progressive pace for an enviable lifestyle.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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UK Landlord Licensing

The Landlord Licensing scheme has recently taken effect in several cities and boroughs in the United Kingdom.

The scheme, which is also known as selective licensing, sets out to ensure that landlords are “fit or proper persons”, and that the buildings being let out are fit for occupation. If someone cannot meet the ‘fit and proper’ landlord criteria the scheme sets out, they will be refused a licence.

Despite having been introduced in certain areas recently, it is not new, and was provided for by the UK Housing Act 2004. Nonetheless, enforcement of Landlord Licensing is still in its infancy. Several city councils, for example, Bradford, Luton, Stoke & York have yet to implement the scheme (as at time of publication), whilst Liverpool and Manchester enforced the scheme in 2016 and 2017, respectively.

Selective licensing really is an attempt to improve the rental market by raising standards and helping to identify non-compliant landlords and management agents who do not invest in their properties or manage them properly.

Areas are designated for selective licensing upon the discretion of the local council. Often a scheme will only cover certain wards or areas of a city, and under new rules only 20% of a council’s area can be selectively licensed without a special application being made.

A scheme lasts for five years and can be renewed if the local council deems it necessary.

Right now Liverpool is running the scheme citywide, while Manchester has introduced licensing in only some parts of the Crumpsall, Moss Side and Rusholme areas.

Landlords in London can use the London Property Licensing website to find out whether they are in an area covered by a scheme, but there is no countrywide list of schemes. Checking with the local council is the safest strategy.

Where selective licensing applies, then normally all houses within the private rented sector for that area must be licensed, except where they require to be licensed as HMOs (houses in multiple occupation). Licensable HMO properties are properties with three or more storeys, and are occupied by five or more tenants not from a single household. Non-licensable HMOs must be licensed under selective licensing.

Some properties are exempt from selective licensing. These include:

  • Holiday lets
  • Business premises
  • Student premises where the university is the landlord/manager
  • Premises where the tenant is a family member

Each local council sets their own licence fees and discounts, and the licences last until the end of the 5-year period. In Manchester the licence costs £650, with each additional licence costing £550. Liverpool charges a fee of £400 for the first, with each subsequent licence costing £350.

In Liverpool, properties managed by professional managers who are members of one of the council’s approved co-regulation organisations (e.g. the Association of Residential Lettings) are entitled to a 50% discounted fee. This means that investors of property developments like Queensland Place and Parliament Place need only pay £200 for the licence.

If the property consists of en-suite units in a cluster sharing a common living area, only a single licence is required for the whole cluster. Student accommodation is a good example of this. This means that cost of one licence can be divided amongst the individual units, greatly reducing the price of licensing.

This is good news for investors in student accommodation. The more units one cluster has, the greater the division, and the lower the cost of licensing. However, studio apartments with no common living area will require a single licence for each individual apartment.

The local councils are taking this very seriously. In October last year, a landlord in Liverpool was fined £1,500 due to his failure to obtain a licence.

“The punishments can be very high,” says Richard Tacagni, founder and managing director of property consultancy London Property Licensing. “Landlords can be forced to pay 12 months’ rent back to a tenant, or could be told that they are unable to rent out a property in future.”

Article by Ian Choong

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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

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UK Bank Raises Interest Rates

Experts and industry players are clear that the increase in interest rates will not have too adverse an effect on the property market. In fact, the UK’s property market will take the rise in its stride, according to ratings agency Moody’s.

The official bank rate in the UK has been lifted from 0.25% to 0.5%, the first increase since July 2007. The move reverses the cut in August of last year, which was made in the wake of the vote to leave the European Union.

Even with the increase, interest rates still remain at historic lows. To lend some perspective, Malaysia’s interest rates are at a high 3%, while the interest rates for Australia and Singapore are at 1.5% and 1.1%, respectively.

Higher interest rates increase the cost of borrowing money, which moderates economic growth and brings inflation under control.The panel which sets interest rates, called the Monetary Policy Committee (MPC), has justified the rate increase by pointing to record-low unemployment, rising inflation and stronger global economic growth.

 

In contract, Malaysia's interest rates are at a far higher 3% compared to UK's 0.5%. Image credit: Trading Economics
In contract, Malaysia’s interest rates are at a far higher 3% compared to UK’s 0.5%. Image credit: Trading Economics

Bank of England governor Mark Carney stated that the UK economy is expected to grow at about 1.7% for the next few years. He said this would require “about two more interest rate increases over the next three years”, taking the official rate to 1%.

The Bank of England (BOE) has been reluctant to raise interest rates until now, arguing that inflation had been boosted by the fall in the value of the pound since the Brexit vote in June of last year. OBR predicts inflation will peak at 3% this quarter before falling back towards its 2% target over the next year.

Expectedly, the increase in interest rates will cause knock-on effects in the UK property market. Homeowners on variable rate mortgages, whether it is a standard variable rate or a tracker rate, will be most affected. However, homeowners whose mortgages are on a fixed rate will not be affected by the rate hike until  they remortgage their property.

Higher mortgage payments caused by rising rates can put less households in reach of a mortgage (loan). The lower competition can reduce demand for property which will in turn slow down property price growth. Correspondingly, the market for rental properties will increase as people who might have bought a house can now only afford to rent. This, from the investor perspective, is a good thing.

Experts and industry players are clear that the increase in interest rates will not have too adverse an effect on the property market. In fact, the UK’s property market will take the rise in its stride, according to ratings agency Moody’s.

Moody’s economist Colin Ellis said, “We have expected a rate rise for some time. This is about taking away emergency stimulus introduced after the referendum vote. A rise of 25 basis points [0.25%] is not going to move the dial. A rise of 0.25% pales into insignificance compared to the 8%-10% decline in the currency.”

Surveys from major mortgage lenders Halifax and Nationwide have painted a buoyant picture of the housing market. Halifax reported that house prices in the UK were rising at their fastest annual pace since February, up 4.5% to a record £225,826. Nationwide’s house price index also showed prices picking up in October, to an annual rate of 2.5%, the highest reading recorded in three months.

Savills predicts the housing market will grow by 14% from 2018 to 2022 based on an assumed Bank base rate of 2.25% by 2022. The north-west of England is set to experience the fastest price growth in the UK over the next five years: a surge of 18.1%.

Savills also forecast that rents are set to grow faster than house prices in London for the first time since 2011. They are forecast to rise 17% over the next five years, despite a 3% fall this year.

Virata Thaivasigamony of property consultancy CSI Prope commented, “The interest rates are now still very low, so it’s a good time to get into property. The fact that the UK is increasing interest rates at this time is a great statement of confidence in its economy, that Brexit is no longer a cause for concern.

“The UK has had a housing crisis over the past few years, and the increase in interest rates isn’t going to change the basic fact that people still need homes — which are a basic necessity. If people can’t afford to mortgage, they will have to rent. You’ll see rental income potentially going up, as demand for housing continues its upward trend.”

Interest rates remaining near historic lows bodes well for buyers, and today’s market still reflects some of the cheapest debt a property buyer will be able to attain in the market.

Article by Ian Choong

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential 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. 

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