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interestrateripoff

One Hyde Park, The World's Most Expensive Apartments, Opens Its Doors For The First Time

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8268909/One-Hyde-Park-the-worlds-most-expensive-apartments-opens-its-doors-for-the-first-time.html

Around 350 guests have been asked to an extravagant launch party at the Knightsbridge development, where they will be shown the apartments which reportedly start a £6.5m for one bedroom and go up to £140m for a penthouse.

The prices, averaging about £6,000 a square foot, are the highest ever paid for residential space, according to property experts.

As well as interiors designed by the Candys, residents at the highly anticipated development can call on valets, a concierge and butler room service from the next-door Mandarin Oriental hotel’s two restaurants, overseen by Heston Blumenthal and Daniel Boulud.

The buildings have shared features including a cinema, a 21m swimming pool, saunas, a gym, a golf simulator and a wine cellar. There are eye-scanners in the lifts and panic rooms for added security.

Clearly no recession here, move along now.

Obviously no riff raff will be invited.

Edited by interestrateripoff

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If I'd just bought an apartment for that amount of money I'd be delighted for the developers to invite 350 people to have a look around.

I don't think they've sold any...

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If I'd just bought an apartment for that amount of money I'd be delighted for the developers to invite 350 people to have a look around.

I don't think they've sold any...

And with any luck they won't sell any....

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The prices, averaging about £6,000 a square foot, are the highest ever paid for residential space, according to property experts.

why have the party if theyve all sold at the highest ever paid prices?

Or are these the highest ever ASKING PRICES?

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"We saw you coming"

Suckers! :lol:

Yeah look at those millionaire idiots with all their money, exclusive address, holidays, luxuries, etc. Glad I ain't one of those fools!

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Apartments built by Guernsey based tax dodgers, to sell to the corrupt ruling elites of the middle east fleecing their people, and Mafia linked busuiness men of Russia....
Gee...London, what a classy place.

Nice comment from some moosh.

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Yeah look at those millionaire idiots with all their money, exclusive address, holidays, luxuries, etc. Glad I ain't one of those fools!

In the case of the Arab 'Royal families they just got lucky.

In the case of the banksters they stole it.

Just because they can 'afford' something that's ridiculously overpriced doesn't mean they're not suckers. ;)

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The prices, averaging about £6,000 a square foot, are the highest ever paid for residential space, according to property experts.

why have the party if theyve all sold at the highest ever paid prices?

Or are these the highest ever ASKING PRICES?

I just hope these places are not included in the average London/UK property price calculation.

Even if they do sell they have no relevance to the average housebuyer so should be treated as a special case.

Actually I hope they do sell and cost the buyers 10s of millions in wealth destruction.

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http://www.telegraph...first-time.html

Clearly no recession here, move along now.

Obviously no riff raff will be invited.

If I had £6.5M to spend on housing, I'd want a gothic mansion somewhere like this http://www.rightmove.co.uk/property-for-sale/property-30791342.html and stay at the Connaught if I needed to be in London.

What I wouldn't buy is one of these poxy bedsits.

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Surely this is just a money laundering honey-trap? As the only people able to afford such absurdly high prices would be those engaged in criminal activities, ie gangsters, MPs and investment bankers...................

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Yes, a good amount have sold, but from what I can gather most were bought by the same middle-eastern money that financed the development. So what they gain in profit, they lose in overpaying effectively.

Very little will be sold in a 'real' market as clearly it would not fetch these prices. It's located on a busy road, it's not fundamentally all that special compared to other luxury developments (only 21m swimming pool, for example)

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Yes, a good amount have sold, but from what I can gather most were bought by the same middle-eastern money that financed the development. So what they gain in profit, they lose in overpaying effectively.

Very little will be sold in a 'real' market as clearly it would not fetch these prices. It's located on a busy road, it's not fundamentally all that special compared to other luxury developments (only 21m swimming pool, for example)

I've already discounted looking at them for the that very reason, I'm looking for somewhere with an Olympic sized swimming pool. Only a down market development would have a poxy 21m swimming pool.

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But it's Knightbridge! One of the biggest money holes on the planet. We should be grateful that we have a piece of turf in the UK where the world playboy billionaires can come and sink their dough. Ive been watching these ghastly towers go up. The folks buying these pads are buying into the Old Money network. The rest of us can just carry on as we were.

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If I had £6.5M to spend on housing, I'd want a gothic mansion somewhere like this http://www.rightmove.co.uk/property-for-sale/property-30791342.html and stay at the Connaught if I needed to be in London.

What I wouldn't buy is one of these poxy bedsits.

Yes... but realistically most buyers here do not have just 6.5 million to spend on housing.

I would guess that a buyer of a 10 million pound apartment at One Hyde Park would already own a minimum of 20-30 million pounds of property already. This may include a large Chelsea or Hampstead house if they are based in London, or something similarly expensive in NY, Moscow, the Middle East, or wherever they live. One Hyde Park apartments will invariably be party pads or perhaps bases for infrequent visitors. I reckon not one of them will be a primary residence.

Still wouldn't buy one myself.

They are vulgar and without class... but that probably describes the new money billionaires too.

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well ..if I was spending that sort of dosh ...I would expect this lot as standard ...and defo not shared with some tosser next door ...not exactly a shag pad is it

The buildings have shared features including a cinema, a 21m swimming pool, saunas, a gym, a golf simulator and a wine cellar.

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I don't think I would buy one TBH.

Perhaps these billionaires roll up outide in their F430, then hit 3 different classy escorts each night in there in between snorting lines of coke on the glass coffee tables. At £140m you could afford to.

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I don't think I would buy one TBH.

Perhaps these billionaires roll up outide in their F430, then hit 3 different classy escorts each night in there in between snorting lines of coke on the glass coffee tables. At £140m you could afford to.

If the rich can do that then I feel entitled to do the same.

Do you know if coke dealers and pimps accept credit ?

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If I had £6.5M to spend on housing, I'd want a gothic mansion somewhere like this http://www.rightmove.co.uk/property-for-sale/property-30791342.html and stay at the Connaught if I needed to be in London.

What I wouldn't buy is one of these poxy bedsits.

I agree 100% with you.

I am so underwhelmed by One Hyde Park. The exterior looks no different from a ten a penny Barretts or a Galliard Homes city development.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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