Properties in London is becoming a trend!

Reports show that  the  demand for London property increased from domestic and international buyers, & particularly from South-east Asia. Some UK companies e.g.  The Berkeley Group are setting up offices in Singapore in respond to this trend. 

The Berkeley Group will be the opening its corporate office,  a new 3,175 sq ft marketing suite at the Marina Bay Financial Centre, which will serve as a customer service centre and  provide a permanent show home for prospective customers to view development models and experience the specifications/fittings and fixtures on offer. 

Knight Frank reported that in 2012, Singapore accounted for 23 % of new build purchases in central London, Hong Kong  for 16 % . And that’s a lot! 

The trend is still going strong, looking at the  steady stream of UK projects being launched here. Projects launched in recent weeks include London Square in Putney, Amberley Waterfront in west London, One The Thames close to the banks of the River Thames, and Putney Place. 

What is sustaining this tend? For one, London  is viewed as a safe haven for investors. Many of their children are educated in the UK and the weakness in sterling is another key driver. On top of all that, the sky rocket prices of property in Singapore has made local property less attractive for the locals, & London properties seems almost cheap in comparison.

Properties in London is becoming a trend!

Online banking has finally reached the well-off & seniors!

Internet banking is becoming increasingly widely used among seniors and the well-off, its no longer limited to the young and tech-savvy. Possibly because there is the  growing confidence that personal information is safe.

DBS reported that abt  53.5 % of its high-net-worth clients use Internet banking compared to about 40 %of retail customers- & that’s a lot!  Enhanced security is seen as the key to wooing more people over to Internet banking, which started at DBS in 1997. Its new Internet banking tokens, introduced in 2011, add an extra layer of security.

Instead of simply generating a one-time password, they require customers to enter details such as account numbers and the amount they want to transfer - a process which is called transaction signing. This is in line with industrywide guidelines requiring transaction signing for high-risk Internet banking transactions.

Having said all that, it's possibly everyone is  just tired of waiting in line & checking your account in the comfort of your own home , wins hands down...LOL.....