Bellow you can see the first digitally created photo on how London’s most expensive property will look on the inside. The computer-generated picture visualizes the £100 million One Hyde Park penthouse, the most expensive flat in the world, upon completion in 2010. Other homes in One Hyde Park, Knightsbridge, have already sold at record prices of £6,000 per square foot.
The whole project is being managed by brothers Christian and Nick’s development company Candy & Candy, featuring 80 flats designed by architect Richard Rogers with communal spas, squash courts and a private wine-tasting facility. Among the buyers you can find some of the most famous and wealthy men, from oil moguls, to actors, to Russian oligarchs.
Knight Frank’s head of residential research, Liam Bailey, said sales at One Hyde Park proved the super-prime property market was still strong.
He said: “One Hyde Park is the most prominent example of activity at the top of the market, but its performance is not an anomaly. The pull effect of One Hyde Park has meant that whereas £2,500 per sq ft represented the peak of the market in Knightsbridge in 2006, 18 months later £4,000 per sq ft is not only achievable, it is now expected for refurbished and newly developed properties in the super-prime sector.”
The premium apartments will feature bullet proof windows, purified air systems and “panic rooms” and everyone on site will have access to an underground passage leading to the nearby Mandarin Oriental hotel. Although not yet even completed, half of the units have already been sold at an average of more than £20 million each with average per square-foot prices hitting £6,000 this year. Thus the previous record struck in last year’s June by, the then newly, converted flat stretching across the first and second stories of two Regency houses in the nearby Lowndes Square, Belgravia, sold for more than £4,250 per square foot, has been broken.