THE FIRST 800 townhouses, flats and penthouses at Battersea Power Station will go on sale to the public this Thursday as building of the £8bn scheme gets underway later this year.
The Malaysian developers behind the site, which has lain derelict for over 30 years, will say this week that the first phase of the development, being built in blocks next to the power station, will be called Circus West.
Prices will range from £335,000 for a studio, £420,000 for a one-bedroom flat to £890,000 for three-bedroom apartments.
A spokesperson for the Battersea Power Station Development company said prices for the townhouses were not yet finalised but they are likely to sell for significantly more.
Singaporean, Hong Kong and other overseas investors are being targeted although the developers said flats will go on sale to the British public first this week.
The 39-acre scheme will eventually include 3,400 homes, 1.7m square feet of offices, shops, and two hotels. The Northern Line will also be extended with two new stops to the area.