You may remember that we recently featured the outstanding One Hyde Park development in London, stating that when completed the Penthouse would be the most expensive apartment in the World.
Well, in some ways we were right, and in others less so.
It has just sold and is indeed, officially, the most expensive apartment in the world. It did, however, sell for $221 million USD, thus being $21 million USD more than we expected.
Featuring six bedrooms and a panic room and set across two floors with bullet-proof windows and panoramic views of the Serpentine, SAS-trained security guards, iris scanners and secret escape tunnels and 24-hour room service from the Mandarin Oriental Hotel, of all the 86 apartments this penthouse is clearly the cream of the World’s crop.
So, whilst the UK property market may indeed be struggling, clearly when the demand is present, great prices can be achieved.
Incidentally, the previous most expensive apartment was at 8 St James’s Square in Westminster in 2008 which sold for $180 million USD.