The Waldorf Astoria Residences in NYC is for Sale Following Transformative Restoration

Posted in What to Buy

An icon of glamour and grandeur, the Waldorf Astoria has been the epitome of luxury hospitality since it opened its doors in 1931. The legendary hotel has been the Manhattan residence of choice among global elite, world leaders, cultural icons and royalty — hosting former famous guests such as Frank Sinatra, Winston Churchill, Grace Kelly, Queen Elizabeth II and former US presidents JKF and Barack Obama amongst countless more. 

The Waldorf Astoria has switched hands a few times, but was last sold to Chinese insurance company, Anbang Group in 2015 for US$1.95 billion and later transferred to Dajia Insurance Group to control Anbang’s assets due to a run in with fraud. The property is undergoing a US$1 billion renovation as of 2017 and is set to reopen in 2022. The renewed Waldorf Astoria may not be ready for check in for another two years, but apart from attracting hotel guests, Dajia is also looking to woo investors with the property’s brand new residences within the building, The Towers of the Waldorf Astoria, which is now up for sale. 

The meticulously restored Waldorf Astoria will be transformed from its original 1,413 hotel guestrooms to only 375 guest rooms and 375 apartments, making each unit much larger. The lower floors will remain as accommodation for the hospitality side of business, while the upper floors will turn into a collection of contemporary luxury condominiums. The residences range from studio flats which start at about US$1.7 million to one-bedrooms for US$2.6 million to four-bedroom units to two pinnacle penthouses for sale at north of US$18.5 million. 

For the restoration, one of the largest and most influential architecture, interior design and urban planning firms Skidmore Owings & Merrill (SOM) has taken up the challenge. As Waldorf Astoria is New York City’s largest privately-owned landmark, great attention to detail was given to the original Art Deco design and to understand the building’s history and maintain its heritage while bringing it into a new age. The interior design rests on the expertise of emblematic designer Jean-Louis Deniot, the visionary behind some of the world’s most opulent homes.

Every detail was carefully considered and custom made for The Towers including solid custom-paneled interior doors with bespoke antique bronze hardware, custom Italian cabinets, vanities with polished marble countertops, forged polished nickel fixtures and tile mosaics featuring a Waldorf Astoria-inspired pattern. Every residence has been outfitted with all new windows with modern sound-attenuating technology while bringing back the 1931 design, herringbone floors and a full suite of integrated state-of-the-art Gaggenau appliances. 

“The Waldorf Astoria has a forever lavish aura. The interiors will reflect the magnificence of the past mixed with today’s great sense of energy. They will be grand and playful, all highly inviting, with many elements of surprise and excitement.” 

Jean-Louis Deniot, Interior Designer of The Towers of the Waldorf Astoria

As a resident of The Towers of the Waldorf Astoria, residents receive year round access to the hotel’s amenities. Over 50,000 square feet of private residential services includes a 25-metre swimming pool with a relaxation lounge, fitness centre with private training studios, men’s and women’s private spa (with sauna, steam room, treatment rooms), grand salon, private wine storage, games room with bar and lounge, theatre, private workspace with boardrooms, and children’s playroom.  

The Towers of the Waldorf Astoria, 303 Park Avenue, New York 10022, USA

Sales Inquiries: www.waldorftowers.nyc | +1 212 872 1200

Dara Chau

5 New Condominium Developments to Know in Singapore

Posted in What to Buy

2019 saw a flurry of activity in Singapore’s residential property market — the bulk of which can be pegged to the island-nation’s increasing number of en bloc (collective sale) transactions. Though state-backed cooling measures are likely to reduce the frequency of new condo openings — especially when compared with the frenzied buying period between 2017-2018 — underlying market conditions in the Lion City appear to be stable. To kickstart your year, here are 5 new developments, ready to ship in 2020, that have caught our eye.

Leedon Green

Singapore condominium developments

Formerly home to Tulip Gardens, Leedon Green is the latest complex of freehold condos to be launched by Singaporean consortium MCL Land. Situation within District 10, less than ten minutes’ walk from the Farrer MRT station, Leedon Green will prove especially enticing to Singapore’s resident foodies (the development is a short drive to the major dining destinations of Sentosa and Holland Village). As is befitting of luxury condos at this scale, MCL have decorated the public spaces with an assortment of life-enhancing facilities: there are landscaped waterfalls, pools ideal for both exercise and leisure, and entertainment suites intended to facilitate residents’ social needs. Flats available for public viewing are configured in 1 to 4-bedroom layouts.

The M Condo @ Middle Road

Singapore condominium developments

The M is one of several residential sites to be auctioned off as part of the Singaporean government’s ongoing land sales program. Winning bidder Wing Charm has developed the site, located at the heart of Bugis, as a mixed-use development. A total of 375 leasehold flats are available, bifurcated into two zones of 20 and 6-storey buildings. 
The development’s Middle Road location presents an array of benefits that are attractive for quality of life purposes: there’s excellent accessibility to Circle, Downtown, and the North-South Corridor; in addition to a wealth of dining options on one’s doorstep.

The Enclave Holland

Singapore condominium developments

True to its name, luxury developer Three Sixty-Nine’s ‘The Enclave’ is a collection of 26 ultra-secluded duplexes — ideal for young homemakers who wish to remain close to the action. A variety of floorplans are on offer: ranging in size from one to four bedrooms (several even include double-height ceilings, for an unrivalled amount of space).
The project was overseen by celebrated local architects Park + Associates, making quite the impression with its mullioned, low-rise silhouette. Many of the property’s public spaces seize on the feeling of a shared, suburban domicile. There’s a single pool at the back of the ground floor shared between all residents, in addition to communal attic space above the 5th floor — both unusual details by Singaporean standards.

3 Cuscaden

Singapore condominium developments

Sustained Land’s revitalization of the historic Cuscaden Mansions consists of an exclusive 11 apartments, sprawling out across a massive site measuring 21,560 sqm. Across the road from Four Seasons Singapore and Orchard Road, this is an apt choice for private investors who demand a property which ticks all the boxes when it comes to convenience and connectivity.

Kopar at Newton

Singapore condominium developments

Conveniently located near the Central Expressway, North-South Line and Newton Circus, Kopar is the newest strategically situated development to be built by Singaporean developer CEL. Being in District 9, purchasers will have good access to a range of exciting areas throughout the city, though the clear trump card is Kopar’s proximity to Newton Food Centre: a major dining hub for locals and tourists alike. Currently, a total of 435 condos are up for purchase — available for a leasehold of 99 years.

Randy Lai