Thursday, February 21, 2008
One Hyde Park in London: Not For Poor People
I really don't even know what to say about this ultra-ridiculous and mind-bendingly priced residential development in London overlooking 350-acre Hyde Park. Let's put it this way, if you're looking to drop $10 million on a home, you need more than 3 times that amount just to make an offer on one of these apartments. Yes, I just said apartments.
One buyer reportedly has an apartment under contract for a head popping $192,000,000. Crazy you say? But he's getting around 20,000 of penthouse space. That's worth it, right?
Anywhoo, the developer is boasting that they have 80% of the residences under contract at an average sales price of just over $39,000,000. I feel insignificant just typing that number.
Thanks to Your Mama, as usual, for this dee-licious information and make sure to go to One Hyde Park's website and let me know if you get approved to see some of their floor plans. They probably won't even call you back unless you got half a billion smackers in the bank.