Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Monday, Mar 27, 2023

London's 'The Holme' is the world's most expensive home for sale with a reported asking price around $300 million

London's 'The Holme' is the world's most expensive home for sale with a reported asking price around $300 million

"The Holme," located in Regent's Park in London, is for sale for a reported asking price around $300 million, making it the most expensive home on the market in the world.

A 205-year-old mansion in London's Regent's Park is for sale with a reported asking price of up to £250 million, or just over $300 million.

The 40-bedroom mansion sits on four acres of the park near the heart of London and was put on the market after it was repossessed from a member of the Saudi royal family, according to the Financial Times.

If it reaches the reported asking price, the property would become the most expensive ever sold in the United Kingdom. It is the most expensive home currently listed for sale in the world, according to luxury magazine the Robb Report. The Holme dethroned a three-story penthouse in New York City's Central Park Tower, which was put on the market in September for $250 million.

Another massive mansion held the previous UK record — 2-8 Rutland Gate, which overlooks London's Hyde Park was sold in 2020 for £210 million, or $232 million. The mansion was put back on the market in October for £200 million, or about $221 million.

The Holme was built in 1818 by Georgian property developer James Burton, and was first occupied by his family before being used by Bedford College. It became a private residence again in the 1980s, according to the Evening Standard.

An 1820s sketch of The Holme in Regent's Park, which is currently for sale for an estimated $300 million.


An unnamed source speaking to the Evening Standard called the London mansion "the White House in Regent's Park," comparing the building's facade and its massive scale with that of the historic home in Washington. The mansion reportedly contains 40 bedrooms, eight garages, a tennis court, a sauna, a library, and a "grand dining room" as part of its 29,000 square feet of living space.

Particularly expensive properties like The Holme typically draw interest from foreign investors who may not intend to live in the house, but instead add it to their portfolio. Bloomberg reported last summer that 48% of the homes sold in London's most expensive districts in the first six months of 2022 were sold to international buyers.

The Times reported that it was repossessed as a way to repay a loan of about $180 million, along with a New York residence and a private plane.

Knight Frank and Beauchamp Estates are reportedly the agents handling the sale, and both declined requests for comment on the proceedings.

Newsletter

Related Articles

Hong Kong News
Close
0:00
0:00
In a dramatic U-turn against His Government: Judicial Overhaul Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Powell: Silicon Valley Bank was an 'outlier'
Bordeaux town hall set on fire in France pro democracy protest
Police violence in Paris
Paris: Some of the police are stepping down and showing solidarity with the protesters.
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
The BBC problem about China
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
2 universities in Hong Kong embrace use of ChatGPT, other AI tools
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Missing Chinese banker was working to set up Singapore family office
Hong Kong ditches Covid mask mandate after 945 days
Xi Jinping and His Wife Meet with Cambodian King Norodom Sihamoni and Queen Mother Norodom Monineath Sihanouk
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
×