KUALA LUMPUR: Singapore-based Oxley International will launch Phase 2A of its London development, Royal Wharf at its office in Menara Atlan, Jalan Ampang today.
It follows the successful launch of Royal Wharf, a residential centrepiece of London’s Royal Docks.
“The market response for Phase 1 of our Royal Wharf launch has been extremely encouraging and we are expecting a significant amount of interest in Phase 2 as well” said Oxley chief executive officer and chairman Ching Chiat Kwong in a press statement.
Located in the heart of the Royal Wharf, Phase 2A — Compass House — comprises 200 units of compact suites, one-, two- and three-bedroom apartments and also four-bedroom townhouses. The units are a part of 3,500 new properties in Royal Wharf.
The Edge Financial Daily contacted Oxley for the prices and sizes of the unit but Oxley declined to reveal further information.
The entire development is set to be a new town centre and neighbourhood that will fit 10,000 residents.
The Royal Wharf development will also include two new parks, a new high street, Georgian-style garden squares, a river promenade, bars and restaurants, and around 5,000 sq m of shops. The development is expected to garner much interest as it is considered one of the top connected places in East London.
“We are looking forward to seeing Royal Wharf transform and rejuvenate the Royal Docks area when purchasers of the properties start to move in, in two years’ time,” said Ching.
Commuting will be made easy as there are transport links from Pontoon Dock DLR station and Canning Town on the Jubilee Line. Commuters will get to West End in 20 minutes, Canary Wharf in five minutes and London City Airport in just four minutes.
Royal Wharf is also set along the path of the Crossrail station that is set to be completed in 2018.
This article first appeared in The Edge Financial Daily, on June 20, 2014.
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