Penthouses.com: The Weblog

If you are tired of living in your present home then how about labeling a unique estate to your name? Kuala Lumpur, Malaysia, to be precise! Featured to the right is the tallest penthouse of the city. Offering a magnificent view of the city’s Twin Towers and city skyline, this penthouse is a worthy asset. News is few steps away, the four seasons development is about to start. This breathtaking estate provides a revolutionary lifestyle. Generous in architect and interiors, this splendid penthouse is expected to be furnished at the owners demand and choice of belongings’. The renowned designers engaged in the interior designing of the building are as Christian Liaigre, Ann Likoh and Yasumichi Morita. They say even a floor can be tailored to fit the concerned needs and desires.

Erected at a 12,330 square feet of well-designed living space, the starting price of this penthouse is $18,600,000.

Read more form LuxuryRealEstate.com

If the banking crisis is threatening the size of City bonuses and property prices, then the news has not yet reached some in Canary Wharf.

The owner of a pair of penthouse apartments at Berkeley Tower, the tallest building in Canary Riverside, has put them on the market with a record asking price of £18.7 million. That’s £14million more than he paid for them three years ago

The total size of the properties are twice the size of the average three-bedroom semi, at more than 6,000 square feet.  This means the cost is more than £2,700 per square foot, more than double the previous Canary Wharf record of £1,216 per square foot.

It is estimated that about 88,000 homes are valued at over £1 million in England and Wales, up from just 30,000 homes five years ago, according to figures by Halifax

When it comes to sales above the £1 million mark, the SW7 postcode has been in second place for years but this year it was matched by W8. The SW1X postcode, which includes Knightsbridge, remains in fifth place, behind NW3 (Hampstead). This may change when flats at One Hyde Park come on to the market with asking prices of at least £20 million each.

However, estate agents today warned that turmoil in the financial markets could see central London homes fall in value for the first time in more than five years. Property agency Savills says houses and flats in the £1 million to £3 million bracket will be stagnant at best for the rest of the year and could fall by up to five per cent.

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Italian architect David Fisher is building his first skyscraper, the Dynamic Tower, and it happens to be one of the most ambitious construction plans since the Pyramid of Khufu. Every floor of the 80-story self-powered building rotates according to voice command, and nearly the entire structure of the $700 million building is pre-fabbed.

The Dynamic Tower offers infinite design possibilities, as each floor rotates independently to create a building that constantly changes shape, resulting in a unique and ever evolving architectural structure.

The Tower is environmentally friendly and the first building designed to be self-powered, with the ability to generate its own electricity, as well as for other nearby buildings, it achieves this feat with wind turbines fitted between each rotating floor, An 80-story building will have up to 79 wind turbines, making it a true green power plant,’ Dr. Fisher stated.

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Records are set to break in Dubai after bids are received for two exclusive penthouses in the new Trump hotel on Palm Jumeirah.
Sales of the residences begin this week. Pre-sales of some properties have sold for $3,000 per square foot, with the average price per square foot selling for $2,450.

The 62-story tower made of stainless steel and glass, will be the tallest structure on Palm Jumeirah and is expected to be completed in summer 2011. The property will be comprised of two freestanding towers that straddle the center line of Palm Jumeirah, making it the gateway to the heart of the development.

Two expansive penthouses designed by Kelly Hoppen will sit atop both towers. But all the Tower’s 399 freehold residences will have the designer touches: Norman Foster bathtubs, Boffi kitchens and Gaggenau appliances. Furthermore, a “Soundcreation” package will be available with each residential purchase. This system provides owners with complete home automation, an awe-inspiring home cinema, multi-room audio, and spectacular custom lighting.  All residences will have access to the Beach Club which features multiple sports, leisure and entertainment facilities.

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That luxury penthouse in downtown San Jose may not be out of reach after all. In fact, you might be able to get one for just $150.

Developer Barry Swenson is raffling off one of his eight penthouses that sit atop the brand new City Heights condominium high-rise on Julian Street.

The lucky winner would have a choice of taking the penthouse or $1 million in cash.

The beneficiary of the proceeds will be InnVision, a San Jose-based nonprofit charity that provides emergency housing and services to the homeless.

The raffled penthouse is valued at $1.2 million (take a look at the slide show and video clip for a tour.) InnVision hopes to sell 18,000 tickets at $150 each with a goal of raising $1 million to support the organization’s services.

Aside from the grand prize there are a number of smaller prizes, including cash prizes ranging from $10,000 to $20,000 and a Hawaiian vacation. An early bird drawing is scheduled for June 28 at City Heights. The final drawing for the penthouse will be held on Oct. 3 at InnVision’s gala banquet at the Santa Clara Marriott.

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40 year old Christian Boros, a German advertising executive has announced plans to turn a former Nazi air-raid shelter, designed to protect 2,000 Berliners from Second World War bombing, into a luxurious penthouse complete with its own art gallery.

Mr Boros may have come to the rescue with his plans to lend one of the city’s ugliest buildings a touch of flair. He plans to turn the top of the bunker into a penthouse measuring 450 square metres that would be Berlin’s most luxurious city centre apartment. However he refused to disclose what he paid for the building or how much the conversion will cost.

‘It will be like James Bond ” very cool ” with exposed concrete and glass,’ he promised. But will this be enough to disguise the fact that once upon a time it was occupied by the Red Army and used as a prison for German soldiers.

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A stunning selection of two bedroom apartments and penthouses designed by Charles Church sits in its new development, Alwoodley Gates in Alwoodley - a prestigious suburb of Leeds. Blending excellence and exclusivity the two elegant apartment blocks Balmoral House and Sandringham House each have ten luxury two bedroom apartments and penthouses spread over three storeys.

The development provides residents with private parking within the electronically gated and secure environment which consists of ample lawned areas and feature flower beds. Ground floor apartments have direct access to the gardens via French doors to the living room and most first floor apartments have private balconies and an option of an en-suite to the master bedroom.

Properties in Balmoral House are priced from only £249,995 to £358,995 and in Sandringham House from only £309,995 to £339,995.

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Once it was a city penthouse, with a villa somewhere hot and a chalet somewhere cold. The Mercedes 4×4 was for the school run, while the £200,000 convertible was for weekends with friends in the country. A cook and two nannies took care of the children, leaving plenty of time for lunches with ladies for her and the best wine and cigars for him. Ah, the sweet smell of excess.

But - whisper it as softly as the purr of the limousine waiting at the end of the gravel drive - times are changing. The world’s super-rich are having a tough time. Plunging stock markets, the impact of 11 September and accounting scandals, and now fear of war and a prolonged recession have left the world’s millionaires watching their fortunes shrink. Down to their last few hundred thousands, the richest people on the planet are being forced to do the unthinkable - tighten their belts.

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William Beaver House is rising 47 floors above the historic Wall street area. Inside, there will be 258 simplex residences, 48 furnished residences, 10 duplex residence, each with a private terrace, and 3 penthouses with private terraces. Beaver House bosts the most spectacular views downtown. Most apartments have water views and at the top part of the building you can see all of Brooklyn, Statue of Liberty and Jersey! 26 out of the 28 unique layouts have direct southern light at some point during the day.

Get on the elevator of your own imagination and take it to the top floor. There, in the nosebleed heights of your wildest expectations, your penthouse awaits, with its top-perch status, sweeping views, luxury accommodations and easy living.

Whether they are apartment rentals or condos for sale, penthouses can be found at established buildings such as the Madison and Bellefield in Oakland, at the Trimont on Mount Washington, and in Downtown buildings such as Chatham Tower.

And Downtown, a few new high-profile penthouses include the new Heinz Lofts restored from the former H.J. Heinz factory buildings on the North Side, 100 Seventh St., a 151-unit apartment building on Fort Duquesne Boulevard, and First Side Place, a 17-story condo that will towers over Fort Pitt Boulevard and the Monongahela River.

“I’m not convinced that, by and large, Pittsburgh people really have a complete understanding of what a penthouse is, I think people consider penthouses to be the top floor of buildings. But I’m not so sure that has to be the case.” Said Kevin Keane, senior vice president of Dallas-based Lincoln Property Co.

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