Sky-High Towers, Amenity-Rich Buildings Altering Skylines Around the World
Mansion Global’s guide to new luxury developments coming onto the market this spring
In New York, Miami, Australia, Dubai, London, San Francisco and Los Angeles, there’s a dizzying number of high-end developments kicking off sales this spring.
In New York, recent over-development is giving buyers an edge—and discounts—even as the luxury market in the city continues to expand. While in Miami, plagued with that same over-development, homes within the “affordable luxury” segment are moving quickly.
On the U.S. west coast, a boom of construction is poised to alter the Los Angeles skyline in the coming years. At the same time, real estate in San Francisco, continues to explode, thanks to the city’s ever-growing tech industry.
It’s a far different story in London, however, where the Brexit fallout and increased stamp duty has given buyers an advantage. The good news is that this hasn’t dampened the number of new developments entering the market this spring.
Meanwhile, Dubai’s market is starting to bounce back, thanks to increased investment surrounding the upcoming of Expo 2020. The marquee development entering the market is the Dubai Creek Harbor project, a new Island District that sits along the Ras Al Khor Wildlife Sanctuary.
And in Australia, from Sydney to Perth, buyers have much to look forward (and up) to, with skyline-changing high-rises steeped in luxury and amenities offering units for purchase.
Let Mansion Global guide you through what new developments are in store in each of these top markets this spring.
To make up for a lack of available land, New York City developers have, in recent years, been building increasingly taller towers, and making even more use of vertical space.
But these sky-high developments have also created an oversupply in the market, and, according to a recent Olshan Luxury Market Report, the average Manhattan luxury property was on the market for 368 days, with an average price reduction of 6% off the original sales price...Read More
London’s luxury housing market has struggled in recent months after being hit by a double dose of higher sales taxes, known as stamp duty, which has weighed heavily on demand.
This has only been further exacerbated by the uncertainty created as a result of the Brexit vote in June to leave the European Union...Read More
A flood of development to Downtown Los Angeles is poised to give the city’s unremarkable skyline—a flat, unfocused sprawl of buildings—a massive facelift over the next decade.
Among the flurry of construction in the West Coast metropolis are high-end residential towers, including multimillion-dollar condominiums, such as the penthouses at the new Metropolis mini-city on the edge of South Park and the Financial District...Read More
Paid for by Kohanaiki
Nestled along the shores of the Kona Coast on Hawaii’s Big Island, a new private residential community—Kohanaiki—is taking shape while paying tribute to the land’s storied past.
A diverse family oriented community is coming to life, raising the bar for the private-club experience while emphasizing the beautiful natural features of the 450-acre property and thoughtfully weaving in its rich cultural history...READ MORE
This section was paid for and created by an advertiser. The Mansion Global news organization was not involved in the creation of this content.
After a downturn, the real estate market in Dubai is looking upbeat again.
The stabilization in oil prices, as well as the excitement and monetary investment leading up to the Expo 2020 has the market feeling back on track, according to global real estate consultancy JLL. The Expo, which marks the first of its kind in the Middle East, Africa and South Asia, is set to attract 25 million visitors from over 180 countries, creating a level of attention and a pace of development that the city has not seen before...Read More
San Francisco’s luxury housing market continues to grow, thanks in large part to the booming tech industry. In fact, the city was ranked the No. 1 hottest market in the U.S. in December 2016 and January 2017 according to Realtor.
"The luxury home buying momentum that typically commences after Super Bowl Sunday actually started in mid-December 2016," Alan Mark, president of local real estate consulting firm The Mark Company, told Mansion Global...Read More
Luxury residential developments are changing city skylines across Australia.
The lure of the inner city pied-à-terre is as strong as ever, with baby boomers, offshore buyers and investors indulging in a low maintenance, sky high, lifestyle that wants for nothing...Read More
It hasn’t been an easy road for Miami developers of late, with sales—and construction—slowdowns happening across the market.
But experts say the tides are changing...Read More