Asia is home to the world’s sexiest residential developments, so we profile some of the hottest tower properties available in the region.
Not many buyers in Singapore get the opportunity to own a freehold property, but that is what Boulevard 88 (pictured above) offers. Developed by City Developments Limited, the twin tower property offers only 154 apartments, including three and four-bedroom units, on a prime site on Orchard Boulevard.
The development will also house the Singapore Edition Hotel, the first South East Asian outpost of Ian Schrager’s new luxury brand, which already has outposts in London, New York and Miami Beach.
Despite a raft of cooling measures, Singapore residential property prices rose 7.9% in 2018, according to Savills Research.
Centennial, a luxury residential tower on Ho Chi Minh City’s waterfront, offers buyers a slice of luxury in an enviable location, as well as the chance to invest in Vietnam’s booming residential market.
Troy Griffiths, deputy managing director at Savills Vietnam, says: “Centennial will occupy a unique position on Saigon’s dynamic historical waterfront, as the location is undergoing enormous change which will deliver a prestige sense of place. The small number of units to be bought to market will ensure exclusivity is maintained.
“Vietnam’s residential markets continue to flourish. There is now a distinct lack of stock, particularly in Ho Chi Minh City, where many development sites have been delayed in coming to the market.
“Savills estimate HCMC needs around 50,000 dwellings per year to keep up with urbanization, obsolescence and the trend for smaller households. So far supply has been well short of this level.”
Located at the intersection of Shanghai’s most attractive waterways, OCT Suhe Creek enjoys a 270° view of both the Bund and Lujiazui, taking in Shanghai’s history and bright modernity. The Foster+Partners-designed project also includes art galleries, a Bulgari Hotel and office space, as well as luxury apartments.
Units in the development have been trading at more than RMB200,000 per sq m in a busy high-end residential sales market, according to Savills research. Suhe Creek’s position and amenities such as the Bulgari Hotel make it a prime opportunity for wealthy buyers.
SC Asset’s Saladaeng One offers buyers dramatic designs, 3m ceiling heights and one of the best infinity pool views in Bangkok. Despite being in the heart of the city, Saladaeng One overlooks green space, the 142-acre Lumpini Park.
Chris Hobden, associate director at Savills Thailand, says: “Bangkok’s luxury condominium sector performed well over 2018, with average prices rising by 4.3% year-on-year. We also expect greater competition at the upper end of the condominium sector, with developers increasingly willing to offer various incentives to attract cash buyers.
“We expect end-user demand for condominiums to favour projects located along future mass transit routes where construction progress is already apparent.”
Is there a better view in Hong Kong than that enjoyed from the pool at this duplex penthouse?
This 2,582 sq ft apartment at the Alassio residential tower on Caine Road, has more than 1,000 extra square feet on the roof, with views to Central and Kowloon.
Hong Kong’s luxury residential market was sluggish in 2018, but all the signs are that it will pick up again this year, so the chance to take advantage is running out. The city’s economic outlook is steady for the next five years and fears of US interest rate rises have diminished.