East London skyscraper Maine Tower has “a comprehensive array of elite lifestyle facilities” and boasts it is an “all-private tower” – meaning it has no apartments set aside as affordable social housing. And it has just proved that reports of the death of the capital’s housing boom may have been exaggerated.

At a launch event for the 41 storeys of luxuriously appointed living, more than 200 apartments worth a combined £140m were snapped up in just four hours: the equivalent of £580,000 of sales every minute. And the development won’t even be complete until 2019.

Both homebuyers and investors snapped up the flats, which started at £350,000 for a studio and went up to £1.25m for a three-bedroom apartment. The 67 swankiest flats and penthouses, on the top floors with the best views, will go on sale at a later date.

The scramble for Maine Tower flats came just days after the launch of another Canary Wharf development also attracted queues for properties costing from £395,000.


Read more of the story at The Guardian