This New Property Near London Comes With an Unexpected Price Tag – Property Blog Singapore

A new riverside residential development in Leeds, in the United Kingdom, has launched for sale this weekend.

Called The Opal at Dyecoats, the 196-unit apartment project is developed by Latimer Homes of the Clarion Housing Group, one of the largest housing associations and a major residential builder in the UK.

The development is a 16-storey residential block with a mix of one- to three-bedroom apartments of 542 to 950 sq ft. Prices will start from £229,500 ($394,952) for a one-bedroom unit.

The property is marketed in Singapore by Savills Singapore, who is launching the project in a weekend event on April 18 and 19 at the voco Orchard Hotel.

The Opal is one of the new residential projects that make up Dyecoats, the largest residential-led redevelopment in Leeds. The scheme is located in the West End Riverside Development Corridor.

The riverside redevelopment project will add new riverside parks and landscaped walkways, as well as public spaces and leisure facilities. When it is completed, the redevelopment scheme will introduce about 1,860 new homes.

The Opal sits at Kirkstall Road next to the River Aire, and the site is a 15 minute walk to Leeds station and the city’s business district. The apartments will be offered on a 999-year lease and a 10-year National House Building Council (NHBC) warranty, with the project completion targeted for 4Q2027.

Resident facilities at The Opal include concierge services, co-working facilities and residents’ lounges, as well as an on-site food hall and public square.

For Singaporean buyers looking to build or add to their portfolio of properties in the UK, the focus is less on short-term gains and more on building a diversified property portfolio anchored by cities with resilient fundamentals, says Adrian Lim, senior director and Head of International Residential Sales at Savills Singapore.

Given how quickly property prices in Central London and London in general have spiked in recent years, there is also a renewed focus on fast-growing cities like Leeds, whose residential markets offer more accessible entry prices compared with London, he says.

“While investors have become more selective in the current environment, we are seeing continued interest in well-located developments within established regional cities such as Leeds, where regeneration, employment growth and a strong student population continue to support long-term housing demand,” says Lim.

Leeds is one of the six largest cities in the UK, and in recent years has shaped up to be a well-connected regional city characterised for its high-quality living that incorporates its heritage with modern urban projects.

With renowned institutions such as the University of Leeds and Leeds Arts University driving a growing talent base, the city attracts employers looking to relocate their operations outside London. Leeds has a 65,000-strong student population, with the University of Leeds alone attracting over 12,500 overseas students. 

In 2025, the Leeds City Council launched an ambitious plan to generate £20 billion (S$34.4 billion) in economic growth and create 100,000 new jobs. A significant part of the plan is to advance multiple nationally significant programmes, which includes ongoing rejuvenation across the city centre and waterfront districts. 

As the UK’s largest financial services hub outside of London, Leeds’ financial sector has contributed £19.8 billion (S$34.08 billion) gross added value to the UK’s economy. Home to more than 2,000 professional services firms, it also has the largest concentration of health organisations outside of London.

“Leeds is a city with strong economic foundations and clear long-term growth. Dyecoats has been carefully planned to reflect that strength, creating high-quality homes in a riverside setting that connects directly to the heart of the city,” says Richard Cook, chief development officer at Clarion Housing Group.

The planned West Yorkshire Mass Transit project will deliver a tram-style network across the city, linking Dyecoats directly to the city centre, university district, and the expanding West End Riverside Development corridor. This public transport network is targeted to be operational by 2030.

These developments and the city’s thriving population growth point to strong rental demand. With lower entry costs compared to London or Manchester, coupled with rental yields from one of the UK’s strongest city centre housing markets, investors looking for long-term growth.