London's luxury-home pipeline would cover Hyde Park twice
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
THE record number of luxury homes planned in London, equivalent to more than double the size of the city's Hyde Park, is raising the prospect that developers may be forced to turn some projects into offices as demand falls, according to consulting firm Arcadis NV.
Plans are in the pipeline for 35,000 high-end properties worth almost £77 billion (US$147.5 billion) in the coming decade, 40 per cent more than in 2014, Arcadis said in a report Monday. The homes would span more than 40 million square feet, compared with Hyde Park's 15 million square feet.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
