Luxury apartments surge across Singapore has ensured it is an island of prosperity. The City State is a tiny nation but is densely populated. Its affluent citizens demand luxurious housing and a new ultra-luxury apartment building called Hamilton Scotts tells a lot about their preferences. The top end apartment provides for elevated parking that allows the residents to transport their super cars directly to glassed-in “sky garages” next to their living room. In a city where real estate is one of the most expensive in the world, it is extravagant to create premium space to park your car. Even the technology involved in transporting the cars to individual apartments is high tech and obviously expensive.
Singapore to be the Wealthiest Country in 2050
Apparently, the citizens of Singapore don’t mind the extra cost as they are amongst the richest in the world. The economy of the small nation has been hyper active in the last few decades and has been creating wealth at a fast pace. It already has the largest concentration of millionaires in Asia. Its robust economy successfully stood up to the economic downturn and all major studies and analysts project the country to be the wealthiest country of the world in the year 2050. Its economy is expected to be amongst the fastest growing economies of the world. It should not come as a surprise that the real estate developers design apartments with out of the world extravagant amenities.
Luxury Apartment Costs Between $9.5 Million and $24 Million
Hamilton Scotts has 54 apartments and two penthouses. Each apartment has two en-suite sky garages and both the penthouses have four. All the apartments boast of plenty of outdoor space and magnificent city views and that’s why the living rooms feature floor to ceiling windows. The apartments have very large and modern master bathrooms. The other amenities at Hamilton Scotts include a 45-foot lap pool, play pool and Jacuzzi. The high rise apartment building is located on high end Orchard Road. All this luxury doesn’t come cheap. The prices vary according to the size and the floor of the apartment. Prices start at $9.5 million and go up to $24 million.