Mansion Global: How to Spend $30 Million in the World’s Top 5 Cities
BY KATHRYN HOPKINS
ORIGINALLY PUBLISHED ON APRIL 04, 2016
According to the 10th Edition of the Knight Frank Wealth Report, the world’s ultra-high-net-worth individuals (defined as having at least $30 million in assets) fell by 3% last year, to roughly 187,500. That’s still a lot of buying power for people who traditionally love real estate.
Where do these UHNWIs prefer to purchase property? For the second year in a row, London edged out New York as “the most important city for the ultra-wealthy,” according to the report. They’re the only two Western cities to appear on this year’s list. Singapore, Hong Kong and Dubai round out the top five.
Naturally, we wanted to know what $30 million buys in each of these top-five cities.
ON THE MARKET IN LONDON
PRICE: $24.16 million
Not only will this palatial style mansion on the outskirts of London leave you with change to spare, the newly built four-story property boasts eight bedrooms, a two-bedroom staff apartment, two security gates and a 40-foot swimming pool.
ON THE MARKET IN NEW YORK
Douglas Elliman Real Estate
PRICE: $31.5 million
BATHROOMS: 4 1/2
This three-bedroom trophy home in the ultra-luxurious One57 has breathtaking views of Central Park and Midtown. The building itself has 24-hour doorman service, a fitness center, yoga studio and a swimming pool.
ON THE MARKET IN SINGAPORE
Christie’s International Real Estate
PRICE: $26.6 million
This five-bedroom, five-bathroom Bali resort-style home sits on a 10,000-square-foot seafront facing plot in Singapore’s Sentosa Cove. Added bonus: With the prime location comes a natural sea breeze throughout the day.
ON THE MARKET IN HONG KONG
Hong Kong Sotheby’s International Realty
PRICE: $30.7 million
This beautiful three-story, five-bedroom waterfront home in Hong Kong has a large living room with wall-to-wall sliding glass doors leading to the private terrace and infinity pool.
ON THE MARKET IN DUBAI
Gulf Sotheby’s International Realty
PRICE: $34.8 million
This Pierre-Yves Rochon-designed home is located in the Emirates Hills. Known for his hotel projects such as the Savoy in London and the Four Seasons George V in Paris, Rochon sought the same balance between luxury and functionality in this eight-bedroom villa.
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