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Property: Allure of penthouses in Singapore. Why buy and how much.

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(Sea view from the private rooftop pool of a six-bedroom penthouse at Cape Royale in Sentosa Cove. Photo: Ho Bee Land) Expensive as they may be, the new generation of penthouses on sale here are gaining a lot of traction with property buyers. But just how much does a penthouse cost today and what are the attractions to living in one? Over in prime district 10, Sun Tongyu, co-founder of Alibaba, paid $51 million for the sole penthouse spread across 13,573 square feet on the top two levels of Wing Tai's freehold Le Nouvel Ardmore two years ago - the biggest amount paid for a penthouse in Singapore at the time. SC Global Developments recently smashed that record when it sold the 10, 300 sq ft super penthouse at Sculptura Ardmore for more than S$60 million or in excess of S$6,000 per square foot. The luxury residential developer could set another record when it finds a buyer for the 17, 642 sq ft penthouse on the top three levels - 23, 24 and 25 - in the Signature Tower at Th...

923 Folsom Brings 115 Boutique Apartments to The Heart of SOMA's Arts and Cultural District

SAN FRANCISCO, CA - 923 Folsom is redefining city living . The recently completed apartment building offers renters the finishes a discerning buyer would require, along with amenities previously reserved for much larger buildings — all in a community of only 115 rental residences ."The result is a boutique rental community offering the quality, comfort and sense of home often found only in condominiums, with thoughtful shared spaces that substantially extend the walls of your well-designed residence," said Billie LaBelle, Vice President of Operations for Alliance Residential Company , which professionally manages the community. " 923 Folsom leaves the need to buy a house at the door." Every emphasis is given to cultivating an elevated resident experience . It starts with the double-height, feature bookcase that sets the tone for the community as you enter and flows throughout the many impressive spaces that add to each resident's livable, usable square f...

Boutique Project Hits SoMa

Align Real Estate completed 923 Folsom, a boutique luxury apartment building in the SoMa arts and cultural district of San Francisco. The nine- story building managed by Alliance Residential Co. offers 115 residences and includes 1,900 square feet of retail. Trumark Urban purchased the property in 2012 and sold it once the entitlement process was complete. The company has also recently completed a 76- unit luxury conversion , The Pacific, which is around two miles away. Construction on 923 Folsom started in 2015, with a budget of $48.7 million, according to Cahill Contractors. Condo-feel “The result is a boutique rental community offering the quality, comfort and sense of home often found only in condominiums, with thoughtful shared spaces that substantially extend the walls of your well-designed residence,” said Billie LaBelle, vice president of operations for Alliance Residential Co., in prepared remarks. “ 923 Folsom leaves the need to buy a house at the door.” Designed by S...

Fancy Broome Street Apartment Wants $6.25M

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LOWER EAST SIDE , NY — A fancy new pad on the Lower East Side offers stunning views of the downtown Manhattan and comes with a hefty price tag . The artfully designed apartment is asking for $6.25 million. For more photos and information, view the complete realtor.com listing here. Address: 242 Broome St # C, New York, New York Price: $6,250,000 Square Feet: 2181 Bedrooms: 3 Bathrooms: 4 Baths Features: 242 Broome represents a rare opportunity for anyone seeking a modern home in the Lower East Side , one of New York's most storied neighborhoods. Designed by next- generation firm SHoP Architects , the building's champagne- colored faade softly reflects the surrounding buildings, while capturing an ever-changing dance between past and future. Utilizing a sophisticated mix of materials, slab marble, blackened steel, and warm woods, the artistic, custom-designed interiors by DXA Studio exude calm and comfort. This curated one-of-a-kind 2,181 SF, three-bedroom, three-and-a-half...