Southeast Asians Snap Up New London Homes, Land Securities Says

Two-thirds of new London homes sold before completion are being purchased by Southeast Asian buyers, according to Land Securities Group Plc, the U.K.’s largest real estate investment trust.

Singaporeans account for a third of buyers from Southeast Asia, with a further third from countries including Malaysia and Thailand, while Hong Kong makes up another third, Tom Eshelby, residential director at London-based Land Securities, said in an interview in Singapore today.