Singaporeans Turn to Berkeley’s London Homes on Currency
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Berkeley Group Holdings Plc, the U.K.’s second-largest homebuilder by market value, is benefiting from Singapore’s efforts to cool its property market as new restrictions and a weak pound attract investors to London.
The island nation is the biggest overseas buyer of homes constructed by Berkeley, which sells 40 percent of its properties to people living outside the U.K., Managing Director Rob Perrins said in an interview in Singapore yesterday. Hong Kong and Malaysia are the next-biggest markets for the company based near the U.K. capital.