oasis in the city
TRANSCRIPT
ASIA’S ELITE PROPERTY SHOWCASE
LUXURYPROPERTIES
FOR SALE
168
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OASIS INTHE CITYPLACEMAKING PROPERTIES
THE MODERN WAY TO INVEST / LIVE /WORK / PLAY IN AUSTRALIA, LONDON,
NEW YORK, MALAYSIA & SINGAPORE
THIS PROPERTY MIDTOWN MODERN IS FEATURED FOR SALE Pg 114
AUSTRALIA: ONE SYDNEY HARBOURLONDON: CANE HILL PARKLOS ANGELES: 1471 FOREST KNOLL DRIVE
ARCHITECTS DESIGNING FURNITUREPLACEMAKING CREATIONS FOR THE PANDEMICPLUS: UNSUNG HEROES IN DESIGN
8 885007 530086
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62 PALACE
ASIAN ALLUREBy Felicia SoonPictures courtesy of respective developers
High-end properties with placemaking features remain an attractive investment choice for many investors regionally and internationally.
Top 10SPECIAL REPORTPlacemaking Properties
For Investment
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The global real estate industry is beginning to see more activity in the market, despite some lockdown measures remaining in place into Q2, due to the COVID-19 pandemic. Purchasers of luxury global properties are usually sophisticated, well-travelled and have a good eye for detail when they are purchasing a high-end residence.
Branded residences linked to a luxury hotel or internationally-renowned designers linked to a high-end residential space in an urban redevelopment area are becoming reference points for investors as it provides them with reassuring quality, a high level of service and aesthetically pleasing design. According to Knight Frank’s Prime Global Cities Index, some markets – in particular, London is entering into a new phase of their property market cycles, where we are starting to see sales volumes gain traction in January and February 2021 (figure).
The following lists the top 10 developments around the world that is currently an attractive proposition for Asian buyers.
Avadina Hills, Phuket, Thailand
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This is our first opportunity to take
the pulse of prime residential markets
around the world since our PIRI 100
Index in The Wealth Report 2020.
A lot has happened since December
2019. We are now in the midst of a
global pandemic with strict travel
restrictions in place and the global
economy is forecast to shrink by 3%
in 2020 according to the IMF.
The latest index results cover the
year to the end of March 2020. At this
stage, much of Asia and the Middle
East had been hit by Covid-19 with cases
in China totalling 83,000 and those in
Iran 47,000. However, whilst cases in
Italy and Spain were escalating; the
crisis was in its nascent stages in the
UK and US meaning it is likely to be Q2
before we can accurately gauge the full
impact of the disease on prime housing
markets globally.
Despite the fact that housing markets
are in a state of flux at present with
viewings and transactions largely halted
in many cities, there is some value in
looking back at where we were before the
crisis took hold.
As we reported in The Wealth Report
2020, several markets – in particular
London, New York and Vancouver –
were entering into a new phase of their
property market cycles. After several
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M a n i l a THE CIT Y WITH THE
STRONGEST RATE OF ANNUAL PRICE GROWTH
B a n g k o k THE CIT Y WITH
THE WEAKEST RATE OF QUARTERLY GROWTH
7 6 % THE PERCENTAGE OF CITIES RECORDING FLAT OR RISING
PRICES IN THE YEAR TO Q1 2020
E u r o p e THE STRONGEST PERFORMING
WORLD REGION IN THE YEAR TO Q1 2020
7 3 % THE RISE IN PRIME PRICES IN
SYDNEY SINCE Q1 2008
H E A D L I N E S
The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across 40+ cities worldwide using data from our global research network.
Prime Global Cities IndexQ1 2020
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Source: The Knight Frank Prime Global Cities Index
Fig 1. Post-Lehman: Prime property prices vs alternative assets Indexed, 100 = Q1 2008
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London New York Sydney S&P 500Gold FTSE 100Hong Kong
Fig 3. Average price change by world region Annual % change
Fig 2. The five cities to register weakest growth in Q1 2020Quarterly % change
Source: The Knight Frank Prime Global Cities Index Source: The Knight Frank Prime Global Cities Index
Source: Knight Frank Prime Global Cities Index
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1. THE IMPERIAL,CHELSEA, UNITED KINGDOMAn iconic landmark, the Imperial is a 30-storey tower offering a collection of one-, two- and three-bedroom apartments with their own individual balcony and duplex penthouses with access to 24/7 concierge, gym, spa, cinema and residents’ lounge. Situated in Chelsea Creek, these luxurious waterside apartments will provide stunning vistas of London and exclusive waterside living to its residents. This new development which is estimated to be completed in 2023 is just a four-minute walk to the Imperial Wharf station and not far from the iconic King's Road and the River Thames.www.knightfrank.com.my/residential/buying-international-property/buying-london-property/the-imperial
Top 10
2. PARK & SAYER, LONDON, UNITED KINGDOMSituated within Elephant Park, Park & Sayer will become an urban community of parks and restaurants, galleries and markets, shops and cafes upon its estimated completion in the year of 2024. This upcoming coveted Parkside living will feature one- and two-bedroom apartments with beautiful views towards St Paul’s Cathedral, The City, The Shard and Canary Wharf. The site sits adjacent to the incredible Elephant & Castle shopping centre, which is being redeveloped into a new, open-air pedestrianised town centre for the local community, residents and tourists.www.knightfrank.com.my/residential/buying-international-property/buying-london-property/park-sayer
3. MASTERY, SYDNEY, AUSTRALIAMastery by Crown Group is a new high-end apartment development with excellent amenities located in Waterloo, just four kilometres from the Sydney Central Business District. This new development is currently under construction and with studios, one-, two- and three-bedroom apartments for sale. Upon its estimated completion this year, Mastery by Crown Group will comprise 368 luxury apartments across five buildings, ranging six to 20 storeys and a mix of restaurants, cafes, and shops. This iconic five-building precinct has been designed exclusively by three outstanding architects, the world-renowned Kengo Kuma, Koichi Takada and Silvester Fuller.www.masterybycrowngroup.com.au/
4. WATERFALL, SYDNEY, AUSTRALIACrown Group’s spectacular Waterfall by Crown Group is a newly completed tropical garden residential development at Waterloo in Sydney, Australia. Inspired by cascading water and tropical rainforests, the design is the work of award-winning SJB Architects, in conjunction with Crown Group, and leads an innovative greenery revolution in the heart of Waterloo. The apartments span three seven-storey buildings and one 20-storey sculptural tower that features a 22m high waterfall – an extraordinary new feature for the suburb.www.crowngroup.com.au/waterfall
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SPECIAL REPORTPlacemaking Properties
For Investment
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5. THE ROYAL ATLANTIS RESORT & RESIDENCES, DUBAILocated on the crescent of The Palm and next to the iconic Atlantis resort, the Royal Atlantis Resort & Residences are amongst the most exclusive beach homes and apartments in Dubai. Featuring a unique structure that ascends towards the Dubai skyline, these contemporary living spaces offer spectacular views of both the Arabian Gulf and the Dubai skyline. With sophistically designed living spaces and architecturally landscaped gardens, these exclusive residences will provide the perfect luxury living at The Palm’s most coveted address. Residents will also have access to the world's most renowned chef, Gordon Ramsay’s restaurant in Atlantis hotel, and also to experience the fun at the Atlantis.www.knightfrank.com.my/residential/buying-international-property/the-royal-atlantis
6. FOUR SEASONS PRIVATE RESIDENCES, SAN FRANCISCO, UNITED STATESComprising a modern tower and incorporating the historic Aronson Building, the Four Seasons Private Residences is located in the heart of San Francisco’s vibrant Yerba Buena arts and cultural district at 706 Mission Street. With a total of 146 private residences and featuring two towers at 45 and 10 storeys high, these spacious residences overlooking Jessie Square will offer residents premium amenities and services, independently managed by staff from the neighbouring Four Seasons Hotel.www.fourseasons.com/residences/private_residences/706-mission-san-francisco/
10. AVADINA HILLS,PHUKET, THAILANDNestled in the forested hillsides above Layan Beach and located only 20 minutes away from Phuket International Airport, Avadina Hills features 11 uniquely designed pool villas overlooking the dazzling Andaman sea. Each of the fully-furnished home offers residents uninterrupted ocean views and utmost privacy in a natural sanctuary surrounded by lush gardens. The spacious open-plan living and dining areas open out to a terrace with an infinity pool. Residents can also utilise the exclusive five-star facilities at the neighbouring Anantara Layan Phuket Resort, making these the most sought-after luxury villas for sale in Thailand. www.avadinahills.com
7. ANANTARA DESARU COAST RESIDENCES, DESARU COAST, JOHOR, MALAYSIADeveloped jointly with Themed Attractions Resorts & Hotels (TAR&H), a subsidiary of Khazanah Nasional Berhad, Anantara Desaru Coast Residences offer 20 three- and four-bedroom luxury villas – each featuring between 3,100 to 6,426 square feet of fully furnished living spaces, a private infinity pool and direct access to the beach. The Residences are managed, maintained and serviced by the five-star Anantara Desaru Coast Resort & Villas, offering owners access to the resort’s world-class facilities, including a private beach, a lagoon pool, an ocean-fronting infinity pool, Anantara Spa, a fitness centre, kids’ clubs and a variety of restaurants.www.anantara.com/en/desaru-coast
8. SELONG SELO RESORT & RESIDENCES, LOMBOK, INDONESIASelo Group affords a range of luxury villas from Selong Selo Resort & Residences, the group’s award-winning flagship resort and residences on the scenic coast of South Lombok. The property is a 25-minute drive from the Lombok International Airport and offers more than 50 luxury villas with one to seven bedrooms, a full-service spa, clubhouse, Aura Bar Lounge, a kids’ club, and beach club access.www.selongselo.com
9. YU KIRORO RESIDENCES, HOKKAIDO, JAPANTucked away in the mountains, Yu Kiroro is a stunning luxury condominium at Kiroro Resort in Hokkaido Japan. These exclusive ski-in/ski-out private residences at the base of the mountain in the midst of the resort village feature one-, two-, three-bedroom and penthouse freehold luxury private residences that are fully furnished with premium services such as ski valet, a natural indoor-outdoor onsen, 24-hour concierge, fitness centre and lounge, and all-day dining. Kiroro is a favourite destination for those seeking an ideal winter destination with plenty of open space, outdoor activities and extra special attention to hygiene and health protocols.www.yukiroro.com
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The Royal Atlantis Resort & Residences, Dubai
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