Battersea's 2nd phase to cost more than twice of phase 1

PETALING JAYA: The second phase of the Malaysian-owned Battersea Power Station redevelopment project is being priced at a record level in the Nine Elms area of London, making it a new prime area to watch.

Tagged at an average price of £2,300 (RM12,627) per sq ft, this is more than double its phase one price of £1,100 (RM6,039) per sq ft. It is also 176% higher than the average price of £832 (RM4,567) per sq ft for newbuilds in the Nine Elms area, according to property consultancy Kinleigh Folkard & Hayward.