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.