At that price you'll need all the Help to Buy you can get and pray interest rates stay low. So, what do you get for your £30 million?
From £338k to £30mOne of the project's Malaysian backers confirmed that the price of owning a penthouse in the power station will be an estimated £25-£30m and will be built in the second phase of construction, according to Bloomberg.
Phase one, tagged Circus West, sold out earlier this year (75% of the properties were reserved in the first week). Prices started from £338,000 for a studio to £894,000 for a three-bedroom apartment. A social housing element is also planned for the project.
Power pricesThose prices are some distance from £30m. No wonder comments made by the developer's chairman, Lieu Kee Sin, in Kuala Lumpur to push the properties, made headlines in London.
While the arguing over prices continue, for your £30m piece of history you could instead have a 9-bed, 9,000 square foot penthouse with terrace and park views over St James' Park. Alternatively this £29,950m 6-bedder with mews house would be within budget.
Rental demandOr, you could save yourself £5m and move into Avenue Road, St John's Wood for £25m incorporating "a breathtaking leisure complex including a swimming pool, a gymnasium, a cinema and a games room as well as other features."
Given London's current market froth and talk of £30m riverside apartments, one question lurks: will tenants of these properties really pay what the owners demand when a slowdown arrives? Not all City professionals will be sold down the river.