.jpg "Photo: Photo courtesy of Savills Vietnam")
UK-based property firm Savills and St Edward Homes are offering luxury apartments for sale in London to Vietnamese buyers.
Built by St Edward, a joint venture between Berkeley Group and insurance major Prudential, the US$500 million development is situated on Kensington High Street in the British capital.
The first phase of the project comprises 155 luxury apartments with one, two, and three bedrooms and three-bedroom duplex penthouses priced at $1 million-$7 million.
The apartments range from 34.2 square meters to 144.7 square meters most will have access to a private balcony, terrace, or sky garden.
The penthouses will be more than 185 square meters and have a master bedroom with a walk-in dressing room, and two more bedrooms.
The apartments will be offered on a 999-year lease and customers will have to pay 4 percent for reservation and paper work fee.
The development is expected to be finished by the third end of 2014.
Foreigners buying property worth more than $1 million in the UK will be offered a visit visa to the country and those buying property worth $2 million maintaining their ownership for four years can apply for UK naturalization, newswire Vnexpress quoted James Talbot, Savills UK's international sales director, as saying.
The company has sold 80 apartments already to Singaporean and Malaysian customers and is set to launch its sale in Hong Kong.
