Manufacturers who want to conquer wealthy buyers have realized that apartments must now focus on hyper size. In the last two or three years global demand for apartments of 550 square meters had experienced a dramatic increase. This tendency is changing the designs of luxury apartments which now come to occupy an entire floor or even multiple levels of a building.
One57 New york
An example is the residential tower Opus, a 12 storey building in the cosmopolitan city of Hong Kong where each floor has more than 620 square meters and is occupied by a single luxury apartment. The building broke the record price for the city after only four months of its completion. In fact the apartment on the ninth floor was sold for 58.7 million dollars. In Taipei, the apartment on the thirtieth floor of a new residential tower called Ellipse 360 is a little more than 863 square meters. It has three bedrooms and glass walls that offer a 360 degree view and is on sale at a price of 12.46 million dollars.
Opus Hong Kong
Opus Apartment by Yabu Pushelburg
This phenomenon was initially led by London and the cities of North America. Just in the British capital the largest luxury apartments are located in the newly renovated 3 10 Grosvenor Crescent, housing units that are larger than 1021 square meters and if you want to buy a penthouse in a privileged area the choice would be Battersea Power Station where buildings should reach 720 square meters. You’d better hurry though because some have already been sold when the project was presented in January for $ 9 million. Another major project of considerable interest for the luxury market in London is the Vauxhall Tower still under construction. It’s an imposing 50 storey residential tower which has already attracted buyers. Between requests there are those who wanted the top three floors all for themselves. The triple penthouse of 1672 square meters was bought by a businessman from south east Asia according to the London Times.
Vauxhall Tower London
Vauxhall Tower London Interiors
In the United States the apartments are not only higher and higher but are getting bigger. A first sign of this trend had arrived from New York in November 2011. In fact, after only six months of its submission the sensational rise One57 had sold 50 percent of the apartments including the huge attic of almost 1021 square meters for 95 million dollars. Also noteworthy is the valuable properties at 432 Park Avenue intended to be the tallest building in New York City once completed in 2015 which will reach 800 square meters and will be sold for 82.55 million dollars. In Miami the futuristic Mansions at Acqualina will host a duplex penthouse of 1395 square meters, a real home in heaven with a 360 degree view on sale for $ 55 million. The demographics of investors for these large penthouses include Russia, China and the Middle East which require space as they often consist of families and staff. But while in the past they preferred to buy large country estates now they want to live in the city center and have full access to all the comforts of urban life.