{"id":78355,"date":"2018-01-29T18:00:38","date_gmt":"2018-01-29T11:00:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/half-of-unsold-new-build-luxury-flats-may-turn-london-into-city-of-posh-ghost-towers\/"},"modified":"2018-01-29T19:02:56","modified_gmt":"2018-01-29T12:02:56","slug":"half-of-unsold-new-build-luxury-flats-may-turn-london-into-city-of-posh-ghost-towers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/half-of-unsold-new-build-luxury-flats-may-turn-london-into-city-of-posh-ghost-towers\/","title":{"rendered":"Half of unsold new-build luxury flats may turn London into city of posh ghost towers"},"content":{"rendered":"


\nMore than half of the 1,900 ultra-luxury flats built in London last year failed to sell, raising fears that the capital will be left with dozens of \u201cposh ghost towers\u201d.
\nThe swanky flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home.
\nThe total number of unsold luxury new-build homes, which are rarely advertised at less than \u00a31m, has now hit a record high of…
\n
\nSource : South China Morning Post
\nRead more…Half of unsold new-build luxury flats may turn London into city of posh ghost towers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than half of the 1,900 ultra-luxury flats built in London last year failed to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-78355","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-knN","jetpack-related-posts":[{"id":78069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ghost-towers-half-of-new-build-luxury-london-flats-fail-to-sell\/","url_meta":{"origin":78355,"position":0},"title":"Ghost towers: half of new-build luxury London flats fail to sell","date":"January 26, 2018","format":false,"excerpt":"\r Developers have 420 towers in pipeline despite up to 15,000 high-end flats still on the marketMore than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, raising fears that the capital will be left with dozens of \u201cposh ghost towers\u201d. The swanky flats, complete\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-of-central-london-new-build-flats-fell-by-a-quarter-in-2017\/","url_meta":{"origin":78355,"position":1},"title":"Construction of central London new-build flats fell by a quarter in 2017","date":"May 14, 2018","format":false,"excerpt":"\r Apartments housed in developments dubbed \u2018posh ghost towers\u2019 struggle to sellConstruction of luxury flats in central London dropped by a quarter last year, with apartments housed in developments dubbed \u201cposh ghost towers\u201d struggling to sell. New-build starts in the capital in 2017 dropped by 25.4% compared to 2016, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/anger-over-glut-of-posh-ghost-towers-planned-for-london\/","url_meta":{"origin":78355,"position":2},"title":"Anger over glut of \u2018posh ghost towers\u2019 planned for London","date":"February 4, 2018","format":false,"excerpt":"\r Councils in capital have approved thousands of \u00a31m-plus flats despite crisis in affordable housing, new figures showLondon councils have granted property developers planning permission to build more than 26,000 luxury flats priced at more than \u00a31m each, despite fears that there are already too many half-empty \u201cposh ghost towers\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94045,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pancho-lewis-we-refused-to-accept-that-the-west-end-had-to-be-tory-patrick-butler\/","url_meta":{"origin":78355,"position":3},"title":"Pancho Lewis: \u2018We refused to accept that the West End had to be Tory\u2019 | Patrick Butler","date":"July 17, 2018","format":false,"excerpt":"\r Labour\u2019s first ever Mayfair councillor is helping residents fight developers. He says local politicians can learn from his victoryThe Monopoly board game has enshrined Mayfair as the most gilded neighbourhood in London: home to oligarchs, bankers and Tory MP Jacob Rees-Mogg, and host to swanky townhouses, glitzy hotels and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/monaco-reclaims-land-to-make-space-for-us2-billion-luxury-beachfront-flats-amid-housing-shortage\/","url_meta":{"origin":78355,"position":4},"title":"Monaco reclaims land to make space for US$2 billion luxury beachfront flats, amid housing shortage","date":"January 16, 2020","format":false,"excerpt":"\r Tiny Monaco is set to grow by six hectares under plans to reclaim land from the Mediterranean and build more luxury flats and posh boutiques with fine sea views.The second smallest state in the world after the Vatican, Monaco is also home to the world\u2019s most expensive property market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-housing-sadiq-khan-research-brief-recognises-need-for-overseas-investors\/","url_meta":{"origin":78355,"position":5},"title":"London housing: Sadiq Khan research brief recognises need for overseas investors","date":"November 1, 2016","format":false,"excerpt":"\r The mayor\u2019s search for better evidence on an emotive issue shows that he knows that foreign buyers have been made an easy scapegoatMany Londoners take it as read that the high cost of housing in the capital is the fault of wealthy foreigners. Assigning blame to speculators from distant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78355"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=78355"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78355\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}