Welcome to the blog section. In this blog I’ll be posting about what is happening around my neighbourhood (Yaletown & False Creek North), Vancouver luxury real estate,   real estate and related issues. If you have any suggestions, please let me know, have fun.
 
 
Thursday, August 12, 2010

World’s priciest apartment sells for $220M in London

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   A six-bedroom, two-floor penthous e in the One Hyde Park development in Knightsbridge, London has sold for £140 million -- equivalent to around $220 million -- making it the world's priciest apartment sale, according to Holiday Lettings, a British real estate website. The buyer, who was not disclosed, will enjoy views of the London skyline, private wine tasting facilities and top security features which include bullet-proof windows and a panic room. The property also has tunnel access to the Mandarin Oriental Hotel and its 24-hour room service. One Hyde Park was designed by Sir Richard Rogers' architectural firm Rogers Stirk Harbour. In 2004, the site was acquired by developers Nick and Christian Candy for £150 million, or close to $235 million. The recent sale dwarfs the previous purchase price record for Britain held by an apartment in Westminster's 8 St. James' Square, which sold for £115 million -- or $180 million -- in 2008. By comparison, the most expensive home in the United States is the Manor in Holmby Hills, Calif., a $150 million, 56,500-square-foot mansion owned by Aaron Spelling's widow, Candy, according to Overseas Property Mall. The 4.6-acre California property features a library, gym, bowling alley, wine cellar, gift-wrapping room and media room. The grounds have pools, gardens, a waterfall, and parking for over 100 cars.

 

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