Luxist

Sheikh Hamad, the foreign minister of the Gulf State of Qatar had picked up an apartment for a rumored £100 million (around $196 million) in One Hyde Park the luxury complex designed by Richard Rogers. The super rich from around the world have been spending prices of around almost £6000 per square foot with an average apartment price of £20 million ($39.23 million). Most of the buyers are from elsewhere with 39% coming from Russia and 25% from the Middle East while just 14% of the buyers are from Britain. The property will have an underground passage to the nearby Mandarin Oriental hotel and access to all hotel amenities. The project is expected to be completed in 2010. 17/09/08