If you think Toronto's Condos are expensive, consider:
Contact a Condo Genius
Most Popular Posts
The Most Expensive Condos in the World
The Hotel-Condo Four Seasons Penthouse at Bay and Bloor in Toronto, with a 2,500 square foot master bedroom and an additional 6,500 sf living space, including an 800 sf wine cellar, just sold for $30 million to make it Canadas most expensive Condo. Co-designer, Brian Glukstein, says: Before, Torontonians with money did not value communal living. Now people with alluence want this type of lifestyle."
The story is similar worldwide where Canada's most expensive condos pale when compared to prices in many international markets.
Sun Microsystem founder Bill Joy put his luxury Manhattan condo on the market, without ever having moved in. Should his $40 million asking price be achieved, it will mean a profit of $20 million. Although it is unlikley to sell at that price.
The top-priced apartment in New York isn't a condo but a co-op, the historic $70 million triplex penthouse owned by financier Martin Zweig. Then again, co-ops can be more expensive because they are exclusive.
New York has seen several new, uber-luxury buildings rise in recent years. That includes the new Time Warner Center, where in 2003 financier David Martinez paid a record-setting $42.25 million for a full-floor condo.
A new 3,205 sf Hong Kong apartment sold for a record US$14.1 million recently as the citys booming market for luxury homes continues to strengthen. Thats about HK$34,000 psf or C$4,480 psf.
A 30-YEAR-OLD condominium at Orchard Boulevard has smashed the record for Singapores most expensive collective sale. Westwood Apartments was sold recently for $435 million to Malaysian conglomerate YTL Corp. That is an eye-popping $2,525 per sq ft per plot ratio (psf ppr), including a $4.6 million development charge.
Four flats overlooking Hyde Park are on sale for a rumored 84 million each (C$136,000,000) the highest price ever asked for a British flat. The flats are part of a development at One Hyde Park.
Sources said today that the four penthouse flats could feature bullet proof windows, specially purified air and even "panic rooms". The security system is believed to have been developed after consultation with the SAS. A tunnel will link the flats to the Mandarin Oriental hotel, which will provide a concierge service for the development, which contains 86 flats with prices starting at 4 million.
The complex will also have a spa, squash court and private wine-tasting facility. According to the One Hyde Park website, the scheme is "a new residential scheme whose beauty, luxury and prestige will place it in a class of its own".
Barely a month after reporting that a London penthouse had sold for $220 million, making it the world's most expensive private residence, the record has been shattered with the $308 million sale of a palatial penthouse in Monaco.
The Monaco property, called La Belle Epoque, has quite a history; formerly the home of billionaire banker Edmund Safra, it's where he was found dead following a mysterious fire that gutted the apartment in 1999. The three-bedroom, 17,500-sq-.ft. duplex penthouse, which includes a double-height library and vast roof terraces complete with mature 15-foot trees and an infinity pool, is thought to have been purchased by an Arab sheikh, the Economic Times.
Hong Kong & Singapore photos courtesy of Getty Images