London’s prestigious One Hyde Park Complex in London’s Knightsbridge, home to some of the rich and famous is in the news again. This time it’s the sale of a penthouse for an eye-popping sum of US $ 220 million that has set the tongues wagging. Unconfirmed reports suggest that the buyer is a wealthy Nigerian or from middle east who have in the past shown some inclination for luxury properties in this area.
Well the question on everybody’s lips is if this deal will reach its logical conclusion i.e. close through.AS the saying goes there’s many a slip between the lip and the cup, the same holds true here too. People are a bit skeptical as in the past many such deals have fallen through after generating initial euphoria. A case in point is that of the Hong Kong apartment sale that promised too much too soon. Touted to be one of the biggest sales last season for $ 57 million, failed to live up to the hype and fell through this June.
The fate of the London’s Hyde park apartments deal will get decided in due course of time but one thing is for sure it’s proud owners will have access to virtually anything they can ask for. This six bedroom duplex property has bullet proof windows, a panic room, purified air room service from Mandarian Oriental hotel and to top it all it will be manned by SAS trained security guards.
This recent sale and sudden spurt in the buyer’s interest in the London trophy properties amidst rising property prices in central London is fuelling the speculation that Luxury housing is witnessing a revival. But is it for real? Let’s wait and watch.