30 Chelsea Barracks homes in London sold at £4,500 psf
London
QATARI Diar Real Estate Investment Co has sold almost 30 homes at its US$4.3 billion Chelsea Barracks project in London before the properties are offered to the wider market later this year, according to a person with knowledge of the matter.
Buyers agreed to pay the equivalent of about £4,500 (S$8,887) a square foot, said the person, who asked not to be identified because the information is private. That compares with an average price of about £1,500 a square foot for homes sold in central London's best districts in March, according to data compiled by broker Huntly Hooper Ltd.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co