Australian pop star Kylie Minogue slashed the asking price of her multi-million dollar London flat due to a lack of buyer interest.

The mansionette was placed on the market earlier this summer at $7.6 million. However, no buyers expressed interest even after a month that it has been on the market. Minogue is now selling the property for $6.6 million, or a reduction of more than 12 percent.

The flat was refurbished to Minogue's specifications by interior designers and developers Candy & Candy five years ago, costing the Australian singer an estimated $3 million. Designer Nick Candy, perhaps in an effort to help Minogue sell the flat, put in some good words in an interview with The Sun.

"It's an amazing-looking flat with large terraces and views over Chelsea," Candy said.

Candy also told paper that Kylie Minogue wanted "a bigger place so sister Dannii and her baby son Ethan can stay."

According to Minogue's neighbours, the pop star wants to live in a house rather than her Kesington flat. It also not true that Mingue will relocate outside the United Kingdom as her friends say that the star want to stay put on the country despite having to live in Spain and United States.

The 42-year-old Minogue is believed to have bought the Kensington flat in the early 1990s, sharing it then with her brother Brendan who had since moved back to Australia in 2002.