A luxurious residential development in New York City’s Upper West Side will be showcased to potential Singapore buyers during the upcoming weekend of Jan 11 and 12. The stunning 720 West End Avenue boasts 131 homes, ranging from 1- to 5-bedroom units, townhouses, duplexes, and penthouses with private terraces. With sizes ranging from approximately 500 sq ft to over 3,700 sq ft, the units are priced starting from US$1.015 million ($1.38 million) for a one-bedroom residence.
Originally designed by prominent New York architect Emery Roth in 1927, the pre-war building, previously known as the Hotel Marcy, has been redeveloped by Glacier Equities and InterVest Capital Partners. The 17-storey structure features a stunning Renaissance Revival-style façade, which has been meticulously restored to preserve its intricate architectural details. As part of the redevelopment, two floors were added to accommodate penthouse duplexes, and the building’s interiors have been revamped under the guidance of designer Thomas Juul-Hansen.
In addition to its beautiful residences, 720 West End Avenue offers over 30,000 sq ft of amenities for its residents to enjoy. These include a fitness center, private bar and dining room, library and co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Prospective Singapore buyers can learn more about this extraordinary development at a presentation hosted by Savills Singapore at the voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.
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When it comes to investing in Singapore Condos, one crucial factor to consider is the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures, including the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment.