Would you pay $150 million for a unit?

A London apartment has hit the market with a price tag almost three times the size of Australia’s biggest residential sale.

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The asking price for the apartment, which takes up the entire eighth floor of the exclusive One Hyde Park Complex, has been set at $150 million (£75 million)

That figure dwarfs the Australian record price for a house, the $57 million paid for a Perth mansion in 2009.

Even less impressive compared to the London price is the Australian record sale for an apartment, the $25 million paid earlier this year for a top floor unit in Melbourne’s yet to be built Australia 108 complex.

While the price tag may seem a bit over the top for a home that doesn’t have a backyard, the 863 square metre apartment does come with a few features that sets it apart from your typical unit.

Split into two wings and connected by a 50 metre long hallway, it features five bedrooms, four bathrooms, two kitchens, two reception rooms, a media room, separate service and resident entries and a study.

Residents of the unit are also entitled to 24 hour security and concierge services as provided by a neighbouring hotel and use of a library, business suites, entertainment room/dining area, private cinema, games room, wine storage, fully equipped
gymnasium, swimming pool & spa facilities, underground storage and secure underground parking.

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Despite all this, the sale would not even set the mark as the most expensive for a unit in the One Hyde Park Complex, a 2014 sale reportedly saw an apartment in the building sell for £140 million.

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Photographs from Savills