A five-bedroom apartment in London’s One Hyde Park has been put on the market for a whopping £75 million, making it the world’s most expensive apartment to go on sale, revealed media reports.
Described as one of London’s best apartments, the property boasts stunning views of Knightsbridge and Hyde Park.
The unit’s living and entertainment spaces are located on the “park wing”, while the five-bedroom suites are found on the “city wing”.
Aside from paying a hefty price, the buyer of the property will have to pay an additional £9 million in stamp duty.
Nonetheless, the eventual buyer is poised to become the proud owner of the entire floor of One Hyde Park’s pavilion C.
A Nick Candy development, One Hyde Park is a notoriously private development. In fact, Savills agents refuse to discuss the property. However, independent buying agent Henry Pryor described it as a “trophy home” that will be purchased by someone who is unlikely to care about the price.
“These are people who buy property just as they buy cars or watches – it’s about a statement and not absolute value,” he said.
“A Fiat Cinquecento will get you to Waitrose in Motcomb Street in Belgravia as fast as a Ferrari and probably be easier to park when you get there but this is as much about status as it is about practical living.”
“So long as London remains one of the addresses that the rich and famous want to include on their note paper they don’t really care what they pay,” he added.
Image: One Hyde Park. (top10facts.com)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
