Luxury tower flats going for €3,500 a square metre

in Business · 28-03-2018 14:38:00 · 1 Comments

The developers of a new tower block in the Campolide area of Lisbon say they expect to have a significant part sold before building work begins at prices of over €3,500 a square metre.

José Cardoso Botelho, general director of Vanguard Properties told Lusa News Agency that he expects all the properties in the €80 million project to have been sold before the tower is half-built and a significant part before work even begins.
He said the price of €3,500 a square metre could easily be beaten on the top floors of the tower. The 195 flats in the tower, range from single bedroom studios to six-room apartments, including duplexes, one of which is on the top floor and is already promised to a Portuguese buyer, he said.

The tower is residential only and includes various amenities such as swimming pools, a spa, garden, a padel court and a children’s area that are not common in other city centre buildings because they are relatively low.
The Campolide tower is to have 26 storeys above ground level, covering a total of 50,000 sqm of constructed area and it will have 352 parking places distributed over three underground levels.



Comments:

For your information,
In Gothenburg they are currently constructing the tallest building in Scandinavia. It will be 245 metres tall. The top four floors were recently sold as a single flat to a price of 6.600.000 € which means 18.000 €/sqm. It's five times higher than in Lisbon! Are you sure your figures are correct?
Best regards,
Lars, living outside Coimbra
by Lars Trawén from Other on 29-03-2018 01:49:00
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