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Old 08-30-2020, 02:14 PM
 
73 posts, read 42,987 times
Reputation: 139

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Criteria
  • close to the prime retail streets
  • high rises, if possible
  • newer buildings (>2010), if possible

Sorted by price/sqft (descending)

Paris
Apartment on Avenue Montaigne, Paris 8e (Listing)
  • Price €2,600,000 ($3.09m)
  • Size 67.55sqm (727sqft) / 1bd 1.5ba
  • Price/sqft $4,258/sqft
  • Floor 7/9
  • 0.3 mile to Av. des Champs-Élysées (10/10)
About the building(s)
Year Built 1960
# of Buildings 1
# of Units ? units
Top Floor 9
Height ?m (?ft)
Construction/Finishing Upscale/Upscale
Free parking None (on-site covered parking 0/unit)

Hong Kong
The Oakhill (Listing)
Morrison Hill, Hong Kong
  • Price HKD 26,000,000 ($3.35m)
  • Size 834sqft / 2bd 2ba
  • Price/sqft $4,022/sqft
  • Floor ?/42
  • 0.5 miles to Times Square in Causeway Bay (9/10)
About the building(s)
Year Built 2011
# of Buildings 1
# of Units 130 units
Top Floor 42
Height 177m (581ft)
Construction/Finishing Upscale/Upper Midrange
Free parking None (1/unit for larger units) (0.51 underground parking/unit)
Amenities Gym, Ball room, Barbecue area, Children playground, Indoor swimming pool, Jacuzzi, Open lounge, Saunna room

New York City
One 57 (Listing)
Midtown North, New York, NY
  • Price $3,595,000
  • Size 1,037sqft / 1bd 2ba
  • Price/sqft $3,466/sqft
  • Floor 42(vanity)/90(vanity)
  • 0.3 mile to Upper 5th Ave (10/10)
About the building(s)
Year Built 2013
# of Buildings 1
# of Units 92 units
Top Floor 75
Height 1,004ft
Construction/Finishing Highend/Highend
Free parking None (on-site parking spot sold seperately)
Amenities Park Hyatt New York, Swimming Pool, Spa, Fitness center, Library, Piano room, Concierge, Conference & Private dining room

Tokyo
Park Court Akasaka Hinokicho The Tower (Listing)
Akasaka, Minato, Tokyo
  • Price JPY 298,000,000 ($2.82m)
  • Size 77.82sqm (837sqft) / 2bd 1ba
  • Price/sqft $3,379/sqft
  • Floor 35/44
  • 2.4 miles to Ginza (6/10)
About the building(s)
Year Built 2018
# of Buildings 1
# of Units 319 units
Top Floor 44
Height 170m (557ft)
Construction/Finishing Upper Upscale/Upscale
Free parking None (on-site underground paid parking $500-700/mo)
Amenities Fitness room, Party library, Lounges, Rooftop deck, Guest rooms

London
Centre Point Residences (Listing)
West End, London
  • Price £3,100,000 ($4.13m)
  • Size 118sqm (1,274sqft) / 2bd 2ba
  • Price/sqft $3,248/sqft
  • Floor 3/34
  • 0.8 mile to New Bond Street (9/10)
About the building(s)
Year Built 1966 (Renovated 2018)
# of Buildings 1
# of Units 82 units
Top Floor 34
Height 117m (385ft)
Construction/Finishing Upper Upscale/Upper Upscale
Free parking None (on-site underground parking spot sold seperately)
Amenities Gym, 30m indoor swimming pool, Spa, Club lounge, Meeting and dining rooms, Cinema/ screening room, Concierge

Sydney
Greenland Centre Sydney (Listing)
CBD, Sydney
  • Price AUD 4,375,000 ($3.22m)
  • Size 120?sqm (1,291?sqft) / 3bd 2ba
  • Price/sqft $2,496?/sqft
  • Floor 69(vanity)/66
  • 0.4 mile to Pitt Street Mall (10/10)
About the building(s)
Estimated Completion Year 2021
# of Buildings 1
# of Units 481 units
Top Floor 66
Height 235m (771ft)
Construction/Finishing Upper Upscale/Upper Upscale
Free parking 1
Amenities Primus Hotel Sydney, Residents Club House, Indoor-outdoor pool with sun deck, BBQ facilities, Gymnasium, Sauna/Steam, Concierge

Los Angeles
Tower Residences at Century Plaza (Listing)
Century City, Los Angeles, CA
  • Price $3,400,000
  • Size 1,723sqft / 2bd 3.5ba
  • Price/sqft $1,973/sqft
  • Floor 13/44
  • 1.4 mile to Rodeo Dr (8/10)
About the building(s)
Estimated Completion Year 2020
# of Buildings 2
# of Units 263 units
Top Floor 44
Height 600ft
Construction/Finishing Upper Upscale/Upper Upscale
Free parking 2
Amenitiese Fairmont Hotel (The Century Plaza), Valet/Concierge, Catering Kitchen, Meeting Room/Private Dining Room, Library Lounge, Steam/Sauna, Business Center, Fitness Center, Pool with Jacuzzi with Cabanas, BBQ Area

Milano
Bosco Verticale (Listing)
Isola, Milano
  • Price €2,500,000 ($2.98m)
  • Size 154sqm (1,657sqft) / 5bd 2ba
  • Price/sqft $1,796/sqft
  • Floor ?/26(or 18)
  • 1.5 miles to Via Monte Napoleone (7/10)
About the building(s)
Year Built 2014
# of Buildings 2
# of Units 400 units
Top Floor up to 26
Height up to 111m (364ft)
Construction/Finishing Upper upscale/Upper upscale
Free parking 2
Amenities Private balconies with some trees, Small park

Zürich
Mobimo Tower (Listing)
Escher Wyss, District 5, Zürich
  • Price CHF 3,450,000 ($3.81m)
  • Size 198sqm (2,131sqft) / 4bd 3ba
  • Price/sqft $1,790/sqft
  • Floor 18/24
  • 1.9 miles to Bahnhofstrasse (7/10)
About the building(s)
Year Built 2011
# of Buildings 1
# of Units 54 units
Top Floor 24
Height 81m (266ft)
Construction/Finishing Upper upscale/Upper upscale
Free parking 1
Amenities Renaissance Zurich Tower Hotel

Singapore
Paterson Suites (Listing)
Central Area, Central Region, Singapore
  • Price SGD 4,150,000 ($3.05m)
  • Size 1,776sqft / 3bd 3ba
  • Price/sqft $1,719/sqft
  • Floor Low/22
  • 0.4 miles to Orchard Road (10/10)
About the building(s)
Year Built 2011
# of Buildings 2
# of Units 105 units
Top Floor 22
Height ?m (?ft)
Construction/Finishing Upper Upscale/Upper Upscale
Free parking 1 (1.14 underground parking/unit)
Amenities Gym, Steam/Sauna, Outdoor 50m pool, Jacuzzi, BBQ area, Tennis court, Lounge, Putting green

San Francisco
The Avery (Listing)
SoMa, San Francisco, CA
  • Price $2,985,000
  • Size 1,898sqft / 3bd 3ba
  • Price/sqft $1,572/sqft
  • Floor 34/56
  • 0.9 mile to Union Square (9/10)
About the building(s)
Year Built 2019
# of Buildings 1
# of Units 118 condo units (+430 rental units)
Top Floor 56
Height 618ft
Construction/Finishing Upper Upscale/Upscale
Free parking ? (? parking/unit).
Amenities Valet parking in private on-site garage, In-home package delivery, Exclusive-use car shuttle service, Fitness studio, Pool, Entertainment lounge

Seoul
Pie'n Polus Cheongdam (Listing)
Cheongdam, Gangnam, Seoul
  • Price KRW 3,800,000,000 ($3.21m)
  • Size 195.43sqm (2,103sqft) / 3bd 2ba
  • Price/sqft $1,530/sqft
  • Floor 11/23
  • 0.2 mile to Apgujeong-ro (8/10, -1 not really the most prime street, another -1 not really meant for walking)
About the building(s)
Year Built 2007
# of Buildings 2 (1 residential)
# of Units 92 units
Top Floor 23
Height ?m (?ft)
Construction/Finishing Upper Upscale/Upper Upscale
Free parking 3 (3.10 underground parking/unit)
Amenities Fitness center, Spa, Swimming pool, Clinics, Gourmet grocery store

Miami
Porsche Design Tower Miami (Listing)
Sunny Isles Beach, Miami-Dade County, Florida
  • Price $3,449,990
  • Size 3,171sqft (in-unit garage 503sqft) / 4bd 5ba
  • Price/sqft $1,087/sqft
  • Floor 18/60
  • 4.2 miles to Bal Harbour Shops (4/10), 11.2 miles to Lincoln Rd (2/10)
About the building(s)
Year Built 2017
# of Buildings 1
# of Units 132 units
Top Floor 60
Height 641ft
Construction/Finishing Upper upscale/Upper upscale
Free parking 2, in-unit garage (2.15 parking/unit)
Amenities In-unit garage, Beachfront
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Old 08-30-2020, 02:55 PM
 
451 posts, read 424,532 times
Reputation: 933
3 million today.... 2 million in a year
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Old 08-30-2020, 03:32 PM
 
Location: Sydney Australia
2,308 posts, read 1,528,077 times
Reputation: 4865
Quote:
Originally Posted by rodolfocostarica View Post
3 million today.... 2 million in a year
Not in Sydney, top end of the market is performing very well.
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Old 08-30-2020, 03:59 PM
 
Location: In transition
10,635 posts, read 16,715,400 times
Reputation: 5248
Even if I was a multimillionaire, I would not buy any of these properties. I would much prefer a detached home or townhome out of the major cities and in quieter areas.
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Old 08-31-2020, 04:37 AM
 
73 posts, read 42,987 times
Reputation: 139
On the initial sales phase, price could go down, significantly in some cases. Developers often start high at first and adjust accordingly to the market realities, especially for the premium/highend properties. However, after that initial phase, it is unlikely to go down significantly in value (at least very unlikely for that much that fast). For example, according to the past transaction data of the listed properties;
  • Hong Kong initially sold at HK$14-18m ($1.8-2.3m) in 2010, now asking HK$26m ($3.35m) - well above inflation
  • Milano initially sold at €1.4-1.8m ($1.7-2.1m) in 2013, now asking €2.5m ($2.98m) - well above inflation
  • NYC initially sold at $3,318,025 in 2015, now asking $3,595,000 - slightly below inflation
  • Seoul initially sold at KRW 2.6b ($2.2m) in 2004, now asking KRW 3.8b ($3.21m) - slightly above inflation
  • Singapore initially sold at SG$4.6-6.0m ($3.3-4.4m) in 2007, now asking SG$4.15m ($3.05m) - well below inflation
  • Tokyo initially sold at JPY 190-210m ($1.8-2.0m) in 2015, now asking JPY 298m ($2.82m) - well above inflation
Only the Singaporean flat has experienced significant drop in value (roughly -10-30% in 13 years, and -30-40% if you take account for inflation). But that's mainly because of the 07-08 financial crisis (they were sold at the pre-crisis peak), and still pale in comparison vs -33% in a year.

Anyway, it has some truth in it. The price of land rarely drops in value, especially in the prime areas of the prime cities. On the contrary, both the building itself and the finishing for sure drops down in value (to zero eventually). Land acquisition cost is accounted for roughly 70% of the total project cost for typical midranger apartments in these prime areas. This is the very reason why they usually go up in value. Decreasing value of 30% (construction, finishing, etc) can be easily overcompensated by the increased value of the land. However, this is somewhat tougher for premium/highend properties, as they typically spend more on construction/finishing/etc. Sometimes they pour half of their project cost into the depreciating part (construction/finishing/etc). Sometimes 70%. Hence, they need significantly steeper rises in land price, to (over)compensate the depreciating part of the property.

And that's for the countries/cities that apartment owners almost always owned the land beneath the apartment collectively. In some countries, the lands beneath are often owned by the separate/unrelated entities, like governments/developers/etc, and merely leased to the apartment owners. In that case, the land price do not directly drive up the value of the property because that's not what they owned, and the owners are much more likely to face the depreciation since there is not much of reason that could drive up the value other than the rent.
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Old 08-31-2020, 07:52 AM
 
Location: Honolulu/DMV Area/NYC
30,651 posts, read 18,255,332 times
Reputation: 34524
I personally wouldn't buy that NYC building and think there are much better deals to be had for $3.5 million in NYC, to include in "prime" areas, which are numerous in NYC and are not just limited ton Manhattan. More than anything, it's the one bedroom that is a deal breaker for me.
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Old 08-31-2020, 02:35 PM
 
73 posts, read 42,987 times
Reputation: 139
All other cities also have numerous premium retail areas. I had to stick with the most premium area, since I would have too many options otherwise (as well as the variance coming from the most desirable and the second-third-fourth most desirable addresses). Even in the area, there are many condos which provide 50% more square footage in the same price range (Metropolitan Tower, Park Imperial, Trump Parc, etc). One57 was chosen specifically for the small square footage, because that's how I mainly picked the other properties in other cities (to make it more comparable in terms of price/sqft). However, it wasn't always possible. For example, there was a $2.7m midrange apartment unit ($2,800/sqft) around that area of Seoul, but I dropped it because I've been trying to stay away from the midrange units in other cities. That wasn't possible in Hong Kong. There are many upscale/highend properties yielding $7-13k/sqft in Hong Kong, but they're not only somewhat far from Causeway Bay (Mid-Levels, The Peak, etc), but also well over $10m, so I had to choose midrangers.
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Old 08-31-2020, 04:37 PM
 
Location: Fortaleza, Northeast of Brazil
3,993 posts, read 6,804,337 times
Reputation: 2475
as of today, 1 US dollar = 5.4937 Brazillian Real

3 million USD = 16,481,100 BRL

What you can get with 16.4 million BRL here in Fortaleza?

Well, with 3.5 million BRL you can get this apartment:

https://www.vivareal.com.br/imovel/a...id-2477480773/

400 square meters (4,305 square feet), 5 bedrooms, 5 bathrooms, in the main waterfront of the city, in the most affluent neighborhood of the city

With 3 million USD (16.4 million BRL) you could buy three apartments like that (10.5 million BRL), and with the 5.9 million BRL left you could buy this one that costs 5 million BRL:

https://www.vivareal.com.br/imovel/a...id-2445698709/

326 square meters (3,509 square feet), 4 bedrooms, 6 bathrooms, in the same affluent waterfront as the above

The remaining 981,000 BRL could go to the taxes and fees involved in the purchase of four luxury apartments.
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Old 08-31-2020, 05:57 PM
 
Location: Canada
14,735 posts, read 15,057,756 times
Reputation: 34871
Quote:
Originally Posted by MalaMan View Post

Well, with 3.5 million BRL you can get this apartment:

https://www.vivareal.com.br/imovel/a...id-2477480773/

400 square meters (4,305 square feet), 5 bedrooms, 5 bathrooms, in the main waterfront of the city, in the most affluent neighborhood of the city.......
Wow, for it being the most affluent neighbourhood of the city they sure went to some effort to make sure nobody suicides off that building..... or does a spiderman thing up the walls to break in. But it looks like a prison with the chain link fencing around the balcony and windows.

.
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Old 08-31-2020, 06:11 PM
 
Location: Brisbane
5,060 posts, read 7,506,338 times
Reputation: 4531
Its actually to find penthouses which actually advertise a price in the Brisbane CBD.

Here is what 4 million AUD will get you, about 2 km from downtown/CBD.

https://www.realestate.com.au/proper...farm-133459618
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