Most Expensive Apartment in the World

For a decent apartment or bachelor pad in my home country (South Africa), a person could whip out as much as R5000 ($625) a month for rent or buy a property for anything between R1 million or R2 million ($125,000 – $250,000). I thought that this was quite expensive, compared with the rest of the world. Turns out that I was wrong. Cities like London, Paris & New York are way more expensive. I decided to do some research and I’ve found the most expensive apartment in the world. There is high doubt in my mind that one will not find an advert for a place like this in the property classifieds.

expensive_apartment

In February 2008 a new luxury apartment (1 of 4) at One Hyde Park in London’s Knightsbridge neighborhood was pre-sold for £100 million (over $200 million). The building is only expected to be completed in 2010, but these apartments are selling for such a high price because they will have fancy amenities and because they are insanely centrally located. Candy & Candy is the property developer. Sheikh Hamad, the Foreign Minister of the Gulf State of Qatar bought the apartment. Some features included a communal spa, wine-tasting facility, wooden baths, marble surfaces and floor-to-ceiling fridges. This penthouse apartment will also have excellent security features. Bulletproof glass, panic rooms and access to an underground passage leading to a nearby hotel to name a few. Apartments like this one will be completely out of this working class male’s reach. It’s just too expensive. It is fun to dream though. I personally wouldn’t mind living in such a nice place. Guess I’ll have to look around for a much cheaper property for sale, since I won’t be able to afford such luxuries.

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~ by runningwolfsa on July 29, 2009.

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