The first phase of the £3 billion Thames City development project will be completed in 2023 and will have 1,900 luxury apartments.
However, two-thirds of expensive homes have not yet been sold, and there are more to be listed.
Prices for expensive high-rise apartments range from £997,500 for a single bed to £1.385 million for a three-bedroom apartment.
According to the “Daily Telegraph” report, since the pre-sale started nearly two years ago, only 120 million pounds of revenue has been reported.
Developer R & F denied the newspaper statement that more than half (47) of the 90 apartments sold last year were sold to friends or employees.
Thames City follows closely To the sky pool, The U.S. Embassy and the new Apple office that is about to open.
It is expected that the extension of the northern line will also attract potential buyers, and it is expected to increase the surrounding housing prices Nine elm Increase by 25% in the next five years.
Rents will also rise by 14%, and developers also hope to provide more office space at the expense of some residential units.
R&F said that after seeing strong demand from tenants in the media, technology and creative sectors, it has decided to expand its office supply.
A R&F spokesperson said: “We have exchanged contracts and will sell nearly 100 million pounds of real estate in the UK in 2021. This is a strong performance by anyone’s standards. Sales continue to remain strong and good transactions. The channel will also be completed before the end of the year, and we look forward to welcoming our first batch of residents to Thames City next summer.
“As of November 2021, it is absolutely untrue to say that more than half of our sales in the UK are related party transactions.”
The secondary* listed Battersea Power Station used to generate electricity for one-fifth of London’s homes, but it is now owned by a Malaysian investor consortium and will reopen next summer.
It will be home to more than 100 shops and restaurants, as well as Apple’s “British Campus”.
