Sales figures struggle to match ‘world’s most pricey apartments’ hype?
By ANISunday, January 23, 2011
LONDON - The hype surrounding luxury flats in One Hyde Park, London, may all be fizz as it seems that the flats have no takers and those who did, have been sold ‘cheap.’
At an asking price upwards of 6,000 pounds per square foot, the luxury development-designed by Lord Rogers and masterminded by developer brothers Nicholas and Christian Candy-is apparently the most expensive residential property in the world.
Despite, One Hyde Park having a private cinema, a 21 metre swimming pool, saunas, a gym, a golf simulator, a wine cellar, a valet service, concierge and room service from the Mandarin Oriental next door, only two of the 84 apartments have been completed and sold for remarkably low prices, reports the Daily Mail.
Land Registry documents have shown that a hugely desirable triplex penthouse, which make up occupying the entire 11th, 12th and 13th floors of one of the four buildings the development, was sold last August for 40.5million pounds-almost 100 million pounds less than the reported asking prices for penthouse suites.
The second completed purchase is a single-storey penthouse tat has been sold for 31 million pounds-again, about 100 million pounds less than the asking price of similar apartments in the complex.
Moreover, analysis of the Land Registry’s Register of Charges has suggested that legally binding contracts have been exchanged-and deposits probably paid-on a further 26 apartments.
This is well short of the 48 or so claimed by the project’s cheerleaders. (ANI)
