World’s most expensive addresses for the rich!
Many individuals start collecting things either for sentimental reasons, or as an investment owing to the items projected favourable valuation in the future. An individual’s collection can give a great insight into his or her personal taste.
What about the rich, what might they collect? Billionaires worldwide invest large chunks of money not merely in luxury items like sports cars and jewellery, but in high-end addresses as well. It would be unfair to call them “homes,” because at times the sole reason these wealthy individuals purchase these residences is merely to add them to their already impressive collection.
Let us start with Bangkok City, Thailand’s capital that has for time immemorial been a famous real estate investment location due to its favourable yields. Over the last two years, the value of properties has increased by 9% per annum, accruing in mainly to the new BTS Skytrain lines and urban renewal projects.
Locations in central Bangkok like Langsuan, Chidlom, Sala Daeng, and Ratchadamri are considered to be prestigious addresses where plenty of billionaires have real estate investments to add to their magnificent collections, or to make a future profit.
Bangkok, Thailand – Sala Daeng
Land price: 64,000 USD or 2.2 Million THB/ per square wah
Sala Daeng is an investor’s gold mine, as it is a central business district and residential area rolled into one. Properties in this location work great as residences, and make for great leasing opportunities. Compared to other similar areas, what helps Sala Daeng stand out is its residential attractiveness. It is located near a MRT and BTS station, as well as Bangkok’s largest green space – Lumpini Park.
One of the key projects owing to its attractiveness in Sala Daeng is the SALADAENG ONE, a high-end luxury condominium developed by SC ASSET. Positioned on Sala Daeng Soi 1, this facility is surrounded by shopping centres as it is strategically placed right in the heart of Bangkok’s (Central) Business District.
Paris, France – Avenue Montaigne
Land price: 98,000 USD or 3.4 Million THB/ per square wah
Paris, also known as the “City of Love” is a favoured travel location for many people. Avenue Montaigne is an elite area that features old-school classic architecture and an old Paris charm. Many global luxury brands call this place home, including the likes of Louis Vuitton, Chanel, Valentino, Dior and Fendi. For those who live in this area, it is not an uncommon sight to see residents dressed from top to bottom in high-society brand products. If you’re lucky you can also spot world famous fashion icons taking a stroll down Avenue Montaigne’s fashionable boulevards.
Monaco – Avenue Princess Grace
Land price: 324,000 USD or 11.2 Million THB/ per square wah
If leisure equates to watching the Formula 1 Grand Prix or sipping champagne on a yacht then Monaco is just the place for you. This Mediterranean tourist hot-spot is the prime place to live a luxurious lifestyle in, with glamorous destinations like the Monte Carlo casino that has been running for more than 150 years. Here, houses are located on hills, lending to breath-taking views of the open sea. If you wish to purchase a Penthouse apartment in this area, be ready to shell out nothing less than 10 Billion THB.
London, UK – Kensington Palace Gardens
Land price: 405,000 USD or 14 Million THB/ per square wah
If you’re in search of security and serenity in the heart of the city of London, then Kensington Palace Gardens is just for you. These ever green streets are what a ton of jet-setting billionaires lovingly call home. Some of the homes in this area have tennis courts underground, can museums and medical facilities as well. Living in this luxurious space would make you next door neighbours with Laxshmi Prakash Mittal and Madonna, to name a few!
New York – Fifth Avenue
Land price: 106,317 USD or 3.68 Million THB/ per square wah
One of the most costly addresses in New York is the world famous Fifth Avenue, a glamorous street lined with showrooms or top brands. Fifth Avenue is where elite-shoppers from every corner of the world come to spend their hard earned cash, and is also home to Central Park and the Empire State Building. Guess it wouldn’t be surprising to know that this boulevard is among the most desired investment destination by the Manhattan elite.
Singapore – Paterson Hill
Land price: 162,000 USD or 5.6 Million THB/ per square wah
Singapore is merely a two hour plane ride from Bangkok city, however property prices are drastically higher. The reason for this is that because Singapore is a cash rich country and is also home to plenty of business titans and investors. Paterson Hill is a convenient and quiet area that is situated near Singapore’s world famous shopping street – Orchard Road that is also lined with many a popular dining attraction. If you live here, you would be rubbing shoulders with Eduardo Saverin – Co-Founder of Facebook.
The Peak, Hong Kong – Pollock’s Path
Land price: 462,000 USD or 16 Million THB/ per square wah
The name of this location hints at the price attached to it. This is without a doubt Hong Kong’s most expensive region, where wealthy British expats and billionaires have lived ever since Hong Kong was ruled by the British. This area is desirable by many because of its perfect weather and scenic views beautiful mountains and the Hong Kong skyline. It is at a distance of merely 15 minutes from the famous shopping areas of Hong Kong as well.
These 7 addresses make up just a portion of the property portfolio of the rich. While these locations are extremely expensive, billionaires the world over are willing to pay these preposterous prices, as the having the perfect address makes for a powerful statement, leads to a high-class quality of life and also not to forget is a wonderful investment. Some areas house properties that can appreciate by Millions of That Bahts in just a couple of years.
Keywords/phrases – Thailand, Bangkok, New York, Hong Kong, Singapore, London, UK, Monaco, Paris, France, Million, Billion, invest, luxury, wealth.