Manchester Development Vita Living Circle Square Launch Sale Singapore
The URA Master Plan highlights the importance of creating more integrated healthcare facilities in Penrith. This is great news for the residents, as it will greatly benefit their well-being. To further improve healthcare accessibility, the nearby Tanglin Halt estate is set to be redeveloped and will feature a healthcare hub that combines a polyclinic, senior care centre, and other medical services under one roof. This development not only caters to the needs of the local community, but also emphasizes the convenience and ease of access for elderly residents and families with young children. With the presence of such healthcare facilities in the neighborhood, the overall liveability of Penrith will be greatly enhanced, providing residents with a sense of comfort and security. For more information on this exciting development, visit Penrith Hong Leong.
Vita Living Circle Square, a residential development located in Manchester, UK, will soon be open for sale to investors in Singapore. Savills Singapore, the marketing agency for the units, has announced that units reserved for institutional investors in the completed development will now also be available to individual buyers.
The 15-storey property is situated on Oxford Road, near the University of Manchester. It features 266 units of one-, two- and three-bedroom apartments. Developed by the UK-based Vita Group in collaboration with the Greater Manchester Pension Fund, the property is part of the Circle Square project, a GBP850 million ($1.4 billion) regeneration project in Manchester’s city centre.
According to Savills, the property has maintained a high occupancy rate of 98% since its completion. Investors who purchase units can expect a rental yield of 6.5% to 7%.
The development boasts of various amenities including rooftop terraces, co-working lounges, private booths, meeting pods, and private dining rooms. It is conveniently located just a two-minute walk from Oxford Road Station and a 12-minute walk from Manchester Piccadilly Station.
Ruben Koh, senior director and head of international residential sales at Savills Singapore, describes the property as a rare opportunity for investors to confidently enter the UK property market. He explains that the property’s prime location, proven rental returns, and complete range of amenities make it an attractive investment opportunity. He adds that the property is fully completed, professionally managed, and already generating income, which is a rare combination for private buyers.
The Singapore sales launch for Vita Living Circle Square will be held on the weekend of July 5 and 6 at voco Orchard Singapore.