Tags: Mobile edit Mobile app edit Android app edit
|
m Reverted 1 edit by Orionhousing (talk) to last revision by Citation bot
|
||
(22 intermediate revisions by 16 users not shown) | |||
Line 1: | Line 1: | ||
{{Short description|Apartment with higher-than-average price and quality}} |
{{Short description|Apartment with higher-than-average price and quality}} |
||
{{Use mdy dates|date=July 2020}} |
{{Use mdy dates|date=July 2020}} |
||
|
{{Living spaces}} |
||
A '''luxury apartment''' is a type of [[apartment]] that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market,<ref name=":0">{{Cite web|url=https://www.brickunderground.com/blog/2015/08/what_does_luxury_mean_in_the_new_york_real_estate_market_anyway|title=What does luxury real estate mean when everything is called "luxury"?|date=August 2, 2015|website=Brick Underground|language=en|access-date=January 15, 2020}}</ref> or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million.<ref>{{Cite web|url=https://www.brickunderground.com/blog/2015/02/pop_the_champagne_your_apartment_probably_qualifies_as_luxury|title=Start popping bottles, your apartment probably qualifies as "luxury"|date=February 2, 2015|website=Brick Underground|language=en|access-date=January 15, 2020}}</ref> However, it can also mean any apartment with extra amenities, such as a [[Doorman (profession)|doorman]], [[yoga]] studios or [[bowling alley]]s, among others.<ref name=":0" /> |
A '''luxury apartment''' is a type of [[apartment]] that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market,<ref name=":0">{{Cite web|url=https://www.brickunderground.com/blog/2015/08/what_does_luxury_mean_in_the_new_york_real_estate_market_anyway|title=What does luxury real estate mean when everything is called "luxury"?|date=August 2, 2015|website=Brick Underground|language=en|access-date=January 15, 2020}}</ref> or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million.<ref>{{Cite web|url=https://www.brickunderground.com/blog/2015/02/pop_the_champagne_your_apartment_probably_qualifies_as_luxury|title=Start popping bottles, your apartment probably qualifies as "luxury"|date=February 2, 2015|website=Brick Underground|language=en|access-date=January 15, 2020}}</ref> However, it can also mean any apartment with extra amenities, such as a [[Doorman (profession)|doorman]], [[yoga]] studios or [[bowling alley]]s, among others.<ref name=":0" /> |
||
Line 8: | Line 8: | ||
== Current examples == |
== Current examples == |
||
=== |
===Americas=== |
||
====New York==== |
|||
[[File:111 West 57th Street.png|thumb|right|[[111 West 57th Street]] in Midtown Manhattan is the most [[slenderness ratio|slender]] luxury apartment tower in the United States]][[File:2017_One57_tower_from_Seventh_Avenue.jpg|thumb|right|[[One57]], an ultra-luxury apartment building constructed in Midtown Manhattan, New York City]] |
|||
[[File:Central Park Tower April 2021.jpg|thumb|right|[[Central Park Tower]] located at 225 West 57th Street, Manhattan, is currently the [[List of tallest residential buildings|tallest primarily residential building]] in the world]][[File:111 West 57th Street.png|thumb|right|[[111 West 57th Street]] in Midtown Manhattan, is the most [[slenderness ratio|slender]] luxury apartment tower in the United States]] |
|||
As of 2016, three out of every four new apartment buildings in [[New York City]] were luxury designs targeted towards high-end buyers.<ref name=":1">{{Cite web|url=https://qz.com/684561/the-luxury-apartment-boom-goes-way-beyond-new-york-and-dc/|title= |
As of 2016, three out of every four new apartment buildings in [[New York City]] were luxury designs targeted towards high-end buyers.<ref name=":1">{{Cite web|url=https://qz.com/684561/the-luxury-apartment-boom-goes-way-beyond-new-york-and-dc/|title=America's luxury apartment boom is gentrification on steroids|last=Groskopf|first=Christopher|website=Quartz|date=20 May 2016 |language=en|access-date=January 15, 2020}}</ref> This luxury boom is centered in the fastest-growing American cities, but also includes smaller, less-dense cities.<ref name=":1" /> It has been linked to the movement of affluent Americans away from suburbs to cities, also known as The Great Inversion.<ref name=":1" /> |
||
The 2010s was marked by the construction of many new luxury [[condominium]] towers in New York City, often appealing to wealthy overseas buyers, such as [[One57]] and [[Central Park Tower]].<ref name=":2">{{Cite news|url=https://www.nytimes.com/2020/01/10/realestate/new-york-decade-real-estate.html|title=The Decade Dominated by the Ultraluxury Condo|last=Chen|first=Stefanos|date=January 1, 2020|work=The New York Times|access-date=January 15, 2020|language=en-US|issn=0362-4331}}</ref> [[Billionaires' Row (Manhattan)|Billionaire's Row]] became known as the location of many of these towers. [[Williamsburg, Brooklyn]] had the highest rent increase, rising by 54% on average from 2010 to 2019. Global economic headwinds and unfavorable changes to property and transfer taxes cooled demand, causing a glut of unsold luxury condos.<ref name=":2" /> As of 2019, one in four luxury apartments that were built since 2013 were unsold.<ref>{{Cite news|url=https://www.nytimes.com/2019/09/13/realestate/new-development-new-york.html|title=One in Four of New |
The 2010s was marked by the construction of many new luxury [[condominium]] towers in New York City, often appealing to wealthy overseas buyers, such as [[One57]] and [[Central Park Tower]].<ref name=":2">{{Cite news|url=https://www.nytimes.com/2020/01/10/realestate/new-york-decade-real-estate.html|title=The Decade Dominated by the Ultraluxury Condo|last=Chen|first=Stefanos|date=January 1, 2020|work=The New York Times|access-date=January 15, 2020|language=en-US|issn=0362-4331}}</ref> [[Billionaires' Row (Manhattan)|Billionaire's Row]] became known as the location of many of these towers. [[Williamsburg, Brooklyn]] had the highest rent increase, rising by 54% on average from 2010 to 2019. Global economic headwinds and unfavorable changes to property and transfer taxes cooled demand, causing a glut of unsold luxury condos.<ref name=":2" /> As of 2019, one in four luxury apartments that were built since 2013 were unsold.<ref>{{Cite news|url=https://www.nytimes.com/2019/09/13/realestate/new-development-new-york.html|title=One in Four of New York's New Luxury Apartments Is Unsold|last=Chen|first=Stefanos|date=September 1, 2019|work=The New York Times|access-date=January 15, 2020|language=en-US|issn=0362-4331}}</ref> |
||
=== |
===Europe=== |
||
====London==== |
|||
[[File:Fulham Reach W6.jpg|thumb|right|Fulham Reach is a luxury apartment in Hammersmith, London, built by [[Berkeley Group Holdings|St George]]]][[File:No 1 Hyde Park, London.jpg|thumb|right|Luxury apartment [[One Hyde Park]] is located in Knightsbridge, London]] |
|||
[[File:No 1 Hyde Park, London.jpg|thumb|right|Luxury apartment [[One Hyde Park]] is located in Knightsbridge, London]][[File:Landmark Pinnacle December 2020.png|thumb|right|[[Landmark Pinnacle]], located in the Isle of Dogs, London, is the tallest residential building in the United Kingdom]] |
|||
Luxury apartments in [[London]] comprise at least around 1,000 sq ft of space and would include high specification fittings such as underfloor heating, air conditioning, marble bathrooms, kitchens with granite or quartz worktops, underground carparks and/or garages, a 24 hour concierge service and an on-site residents-only leisure centre. |
Luxury apartments in [[London]] comprise at least around 1,000 sq ft of space and would include high specification fittings such as underfloor heating, air conditioning, marble bathrooms, kitchens with granite or quartz worktops, underground carparks and/or garages, a 24 hour concierge service and an on-site residents-only leisure centre. |
||
====Spain==== |
|||
On the Spanish Mediterranean coast you can find luxury flats or villas with sea views, to enjoy the warm climate with more than 300 days of sunshine a year. An example are the towns of Jávea<ref>{{cite web|url=https://www.miralbo.com/en-gb/properties?mun=21442 |title=Javea apartment {{!}} Miralbo Properties |publisher=miralbo.com |access-date=2024-02-20}}</ref> or [[Ibiza]]. Where the price often exceeds one million euros. |
|||
=== |
===Asia=== |
||
====Hong Kong==== |
|||
[[File:39 Conduit Road back.jpg|thumb|right|[[39 Conduit Road]], a luxury residential apartment situated in mid-Levels, Hong Kong Island]] |
[[File:39 Conduit Road back.jpg|thumb|right|[[39 Conduit Road]], a luxury residential apartment situated in mid-Levels, Hong Kong Island]] |
||
[[File:The Cullinan.jpg|thumb|right|[[The Cullinan]], a |
[[File:The Cullinan.jpg|thumb|right|[[The Cullinan]], a luxury residential apartment at the Union Square, is the tallest residential building in Hong Kong]] |
||
[[Hong Kong]] has long been recognised as one of the most expensive property markets in the world, with countless exclusive residential offerings. Though many of the city's famed apartment complexes are found atop the [[Victoria Peak]], there are several other luxury apartments in areas such as [[Repulse Bay]], [[Mid-Levels]], [[Union Square (Hong Kong)|Union Square]], [[Kowloon Tong]] and more. |
[[Hong Kong]] has long been recognised as one of the most expensive property markets in the world, with countless exclusive residential offerings. Though many of the city's famed apartment complexes are found atop the [[Victoria Peak]], there are several other luxury apartments in areas such as [[Repulse Bay]], [[Deep Water Bay]], [[Mid-Levels]], [[Union Square (Hong Kong)|Union Square]], [[Kadoorie Hill]], [[Kowloon Tong]] and more. |
||
====Dubai==== |
|||
[[File:Marina 101.jpg|thumb|right|[[Marina 101]] is the tallest residential building in the United Arab Emirates, and only behind the tallest building in the world [[Burj Khalifa]]]] |
|||
The [[Dubai Marina]] in Dubai, also known as the "tallest block in the world", is home to seven of the ten [[List of tallest residential buildings|tallest residential buildings]] in the world. |
|||
Marina Quays in Dubai Marina is a complex with luxury apartments and villas. The development has shops and other outlets. The three residential buildings are joined by a shared podium. It has luxury apartments with panoramic views of the marina.<ref name="PRE">{{cite web|url=https://www.providentestate.com/dubai-real-estate-projects/dubai-marina/marina-quay-north-831.html|title=Marina Quay North Dubai Marina|website=providentestate.com|publisher=Provident Real Estate|access-date=9 November 2019}}</ref><ref name="PM">{{cite web|url=https://gulfnews.com/business/property/residential-guide-to-dubai-marina-1.824715|title=Residential guide to Dubai Marina|last1=Alphanso|first1=Sarah|website=gulfnews|date=July 2011 |publisher=Property Magazine|access-date=9 November 2019}}</ref> The buildings are Quay East, Quay West, and Quay North.<ref>{{cite web|url=http://www.emaar.com/index.aspx?page=emaaruae-dubaimarina-marinaquays |title=Marina Quays {{!}} Emaar Properties |publisher=Emaar.com |access-date=2018-01-20}}</ref> The two shorter buildings are [[cantilever]]ed, extending 20m over the Dubai Marina waterway.<ref name="auto">{{Cite web|url=https://www.emporis.com/buildings/229692/marina-quays-3-dubai-united-arab-emirates|archive-url=https://web.archive.org/web/20171209153751/https://www.emporis.com/buildings/229692/marina-quays-3-dubai-united-arab-emirates|url-status=dead|archive-date=December 9, 2017|title=Marina Quays 3, Dubai {{!}} 229692 {{!}} EMPORIS|website=www.emporis.com}}</ref> Amenities include a movie theatre, 24-hour security, a pool, concierge service, and a swimming pool.<ref name="Emaar">{{cite web|url=http://www.dubaimarina.ae/en/about/communities/marinaquays.aspx|title=Marina Quays|website=dubaimarina|publisher=Emaar Community Management LLC|access-date=9 November 2019}}</ref><ref name="PRE" /> As of 2016, luxury penthouses in the buildings sold for in excess of 10 million [[Dirham]].<ref name="Penthouses">{{cite web|url=https://www.thenational.ae/business/property/five-of-the-best-dubai-penthouses-for-sale-in-pictures-1.141137#6|title=Five of the best Dubai penthouses for sale – in pictures|website=thenational.ae|date=April 25, 2016 |publisher=The National|access-date=9 November 2019}}</ref> In 2018, five million tonnes of rock was added to create a breakwater for Marina Quays.<ref name="khaleejtimes">{{cite news|url=https://www.khaleejtimes.com/nation/sharjah/first-look-sharjahs-dh25-billion-waterfront-city-on-track-for-2019-completion|title=First look: Sharjah's Dh25 billion Waterfront City on track for 2019 completion|last1=Sadaqat|first1=Rohma|date=20 February 2018|access-date=9 November 2019|publisher=Galadari Printing and Publishing LLC|agency=khaleejtimes}}</ref> |
|||
== See also == |
== See also == |
||
Line 31: | Line 41: | ||
{{Reflist}}{{Real estate developments}} |
{{Reflist}}{{Real estate developments}} |
||
[[Category:Housing]] |
|||
[[Category:House types]] |
[[Category:House types]] |
||
[[Category:Residential real estate]] |
[[Category:Residential real estate]] |
Aluxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market,[1] or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million.[2] However, it can also mean any apartment with extra amenities, such as a doorman, yoga studios or bowling alleys, among others.[1]
The term "luxury apartment" was used since the postwar era, although its definition was less grandiose than in recent times. In the 1980s, for example, having a doorman for the building was sufficient to mark an apartment as "luxury".[1] Competition to make the most luxurious apartment increased due to the growth of the Internet, which allowed potential buyers to cross-check apartment listings.[1]
As of 2016, three out of every four new apartment buildings in New York City were luxury designs targeted towards high-end buyers.[3] This luxury boom is centered in the fastest-growing American cities, but also includes smaller, less-dense cities.[3] It has been linked to the movement of affluent Americans away from suburbs to cities, also known as The Great Inversion.[3]
The 2010s was marked by the construction of many new luxury condominium towers in New York City, often appealing to wealthy overseas buyers, such as One57 and Central Park Tower.[4] Billionaire's Row became known as the location of many of these towers. Williamsburg, Brooklyn had the highest rent increase, rising by 54% on average from 2010 to 2019. Global economic headwinds and unfavorable changes to property and transfer taxes cooled demand, causing a glut of unsold luxury condos.[4] As of 2019, one in four luxury apartments that were built since 2013 were unsold.[5]
Luxury apartments in London comprise at least around 1,000 sq ft of space and would include high specification fittings such as underfloor heating, air conditioning, marble bathrooms, kitchens with granite or quartz worktops, underground carparks and/or garages, a 24 hour concierge service and an on-site residents-only leisure centre.
On the Spanish Mediterranean coast you can find luxury flats or villas with sea views, to enjoy the warm climate with more than 300 days of sunshine a year. An example are the towns of Jávea[6]orIbiza. Where the price often exceeds one million euros.
Hong Kong has long been recognised as one of the most expensive property markets in the world, with countless exclusive residential offerings. Though many of the city's famed apartment complexes are found atop the Victoria Peak, there are several other luxury apartments in areas such as Repulse Bay, Deep Water Bay, Mid-Levels, Union Square, Kadoorie Hill, Kowloon Tong and more.
The Dubai Marina in Dubai, also known as the "tallest block in the world", is home to seven of the ten tallest residential buildings in the world. Marina Quays in Dubai Marina is a complex with luxury apartments and villas. The development has shops and other outlets. The three residential buildings are joined by a shared podium. It has luxury apartments with panoramic views of the marina.[7][8] The buildings are Quay East, Quay West, and Quay North.[9] The two shorter buildings are cantilevered, extending 20m over the Dubai Marina waterway.[10] Amenities include a movie theatre, 24-hour security, a pool, concierge service, and a swimming pool.[11][7] As of 2016, luxury penthouses in the buildings sold for in excess of 10 million Dirham.[12] In 2018, five million tonnes of rock was added to create a breakwater for Marina Quays.[13]