Latest news with #luxurydevelopment
Daily Mail
3 days ago
- Entertainment
- Daily Mail
Max Verstappen and girlfriend Kelly Piquet purchase plot of land at luxury development Pinheirinho Comporta in Portugal
Max Verstappen and his girlfriend Kelly Piquet have purchased a plot of land at the luxury development Pinheirinho Comporta in Portugal. Daily Mail understands that the F1 star, 27, and model Kelly, 36, are planning to build a property here, after spending plenty of time in the sunny holiday destination. Max's jet was recently spotted at the airport nearby, and he spent time playing golf with his friends and relaxing on the beach at the exclusive UltraLuxe Pinheirinho Comporta resort. This is the second year in a row the couple have spent their summer in the area, with Kelly often sharing holiday snaps with her social media followers. Pinheirinho is a large coastal estate near Comporta, Portugal, known for its natural beauty and high-end development. It features a blend of luxury residences, a championship golf course, and a resort and spa. Beyond golf, the area offers opportunities for surfing, horseback riding, tennis, and other outdoor activities. Other celebrity residents include Christian Louboutin, Princess Eugenie and visitors include Claudia Schiffer, Madonna and Harrison Ford. Daily Mail has contacted Max and Kelly's representatives for comment. The news comes after stewards issued a verdict after Red Bull driver Max was placed under investigation for throwing a towel onto the track during Friday's second practice session in Hungary. The reigning world champion was seen discarding a white rag from his cockpit on the exit of turn three, only for it to land on the grass next to the track, triggering a formal summons from race officials. Verstappen made a visible effort to throw the towel as far away from the racing line as possible, driving all the way to the right side of the track to dispose of it. As such, the stewards adopted a lenient view of the incident, and allowed Red Bull's star driver to escape with a mere warning. Max welcomed his first child with girlfriend Kelly in May this year. Pinheirinho is a large coastal estate near Comporta, Portugal, known for its natural beauty and high-end development He announced the news on Instagram, sharing a slew of black and white snaps of their baby girl, whom he called the 'greatest gift' and revealed they had named her Lily. Alongside the adorable pictures, he wrote: 'Welcome to the world, sweet Lily. Our hearts are fuller than ever - you are our greatest gift. We love you so much.' While Lily is Max's first child, Kelly already has a daughter, Penelope, born in 2019, from her previous relationship with Formula One driver Daniil Kvyat, 30. When talking about having his first child, Max previously explained he is already somewhat prepared thanks to Penelope. The Dutchman said in the Talking Bull podcast : 'Luckily I did get a little bit of training with Penelope, seeing her grow up already for like four years. Which has been also really, really nice. 'But yes, for sure, when it's like, also going be fully your own [kid]... Yes, it's going to be a different challenge. But I'm looking forward to it'. The couple began dating in October 2020, and announced that they were expecting their first child together last December. Despite having a nine-year age gap, Kelly previously said that her relationship with Max is thriving because of the mutual understanding they have for each other. Kelly, said: 'I think we have a very healthy relationship, easygoing, we have a lot of understanding and support for each other. 'You would think the age difference could be a challenge, but so far things are going really well. 'I also really appreciate how he treats Penelope. It's so sweet to see.' The subject of marriage has been publicly addressed by Max, who said that only 'time will tell' if he and Kelly decide to tie the knot. Kelly is the daughter of F1 legend Nelson Piquet, who won three Drivers' Championships himself in the 1980s, though he was also embroiled in a racism scandal with Lewis Hamilton.
News.com.au
3 days ago
- Business
- News.com.au
See inside the new apartments looking over the future Olympic Games
A luxury development with more than a hundred residences is under construction opposite the site of the future Olympic Games, with only a limited supply of units remaining. Oria, an art-deco inspired project, is being made on Gregory Tce in Spring Hill: developed by Keylin, designed by MAS Architecture Studio and built by CoStruct. The 15-storey building features two, three and four-bedroom options, with prices starting at around $1.45 million for the remaining two-bedroom units. Three-bedroom apartments begin at $2.335 million, while a few higher-end offerings sit above the $4 million range. A variety of unique floor plans and styles are available across 132 units. Two-bedroom homes can range between 91 to 110 sqm, with three-bedroom homes reaching 130 to 246 sqm. Keylin Managing Director Louis Cheung said Spring Hill's high demand meant the development needed to cater to a wide range of desires. 'The struggle for many that want to live in the area is a lack of inventory and supply that meets their needs,' he said. 'With Oria, we are addressing these gaps and setting a benchmark for luxury in the area.' Sales lead and Ashwin Property director, Tony Ashwin, said current sales have been from a wide range of demographics. 'Over the last 8 weeks, we've had 1350 inquiries, so demand's been really strong,' he said. 'We've got some younger professional couples, a significant amount of downsizers, and also a significant amount of families.' 'We had a number of investors who came in early, who were aware of all the infrastructure for the Olympics, but ended up making Oria their home.' Each of these residents will be sharing a wide variety of communal features in the development, including a gym, cinema, pool, sauna and private dining areas. Meanwhile, open spaces include a pickleball court and off-leash dog area, accounting for downsizers who may be moving with pets. A display area is available where interested parties can inspect the building's future features, including an interactive 3D model of the rooms, allowing for an in-person digital walk-through. 'They'll be able to experience apartment views, whether it's the city skyline or overlooking Victoria Park, because the visualisations are based on real imagery taken at different storey heights,' Mr Cheung said. With construction already at level five, residents are expected to move in early 2027, five years ahead of the Olympics.
Zawya
28-07-2025
- Business
- Zawya
London Gate, Octa join hands for three Dubai residential projects
Leading real estate developer London Gate has announced the launch of three distinct residential projects in collaboration with Octa Properties in Dubai including a Franck Muller-branded residential development that brings the signature sophistication of the Swiss watch brand to a striking new waterfront address. For these projects, London Gate will be the launching developer, while Octa Properties will be the exclusive sales and marketing partner. The new lineup of projects has been presented as part of the companies' ongoing collaboration, in a bold move to redefine the emirate's property sector. These projects are: •A modern, design-led collection of studios, one- and two-bedroom apartments in Dubai South, with family-friendly amenities and a stunning rooftop. •A boutique low-rise residential building in Jumeirah Village Circle, offering studios, one- and two-bedroom units with seamless access to Dubai's key hubs. •A distinctive Franck Muller-branded residence in Dubai Maritime City, inspired by luxury yacht living and infused with the timeless precision and design language of the brand. On the tieup with Swiss watch brand, the duo said it marks their second partnership following the successful launch of Vanguard by Franck Muller. The collaboration was formalised through a signing ceremony held at the Octa Properties Sales Centre. This next chapter in the alliance includes another Franck Muller-branded development, this time located in Dubai Maritime City, bringing the signature sophistication of the Swiss watch brand to a striking new waterfront address. On the new projects, Eman Taha, CEO of London Gate, said: "Our ongoing partnership with Octa Properties continues to flourish, and this latest slate of projects, especially our continued collaboration with Franck Muller, exemplifies our shared dedication to redefining luxury living in Dubai." Founded in 2014, London Gate, he stated, has carved a niche in the real estate landscape by marrying architectural refinement with globally celebrated design brands, setting new standards in residential development. London Gate's signature developments, such as the record-breaking Franck Muller Aeternitas Tower and the sold-out Vanguard Tower, reflect its dedication to quality, design-led living, and strategic partnerships with world-class brands, he added. Octa Properties CEO Fawaz Sous said: "We are thrilled to be selected once again for this new wave of developments with London Gate. From our successful first collaboration on Vanguard by Franck Muller to now expanding into three diverse communities, this partnership reflects the deep trust and synergy between our teams." "As a strategic partner, Octa Properties will drive the sales and marketing efforts for these projects, ensuring they resonate in today's competitive market," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Yahoo
17-07-2025
- Business
- Yahoo
Singapore luxury condos' early struggle shows boom's limits
By Low De Wei (Bloomberg) — A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state's otherwise stratospheric property market. The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter who asked not to be identified sharing private information. The complex is located in the heart of the country's central business district, a short walk from skyscrapers that house global financial institutions and multinational companies. The units' preview prices started from about S$3,200 ($2,491) per square foot, which means the cheapest one-bedroom units were advertised for S$1.8 million. Five-bedroom units were priced at S$11.6 million and up, according to marketing materials seen by Bloomberg News. The project's weak debut shows how property developers face an uphill challenge trying to attract wealthy home-buyers to luxury towers in Singapore's iconic business district, which lines its downtown waterfront. The government in 2023 doubled already hefty taxes on foreigners' property purchases, while locals have gravitated to suburban private homes that are closer to schools and other amenities. Last weekend, LyndenWoods, a mass-market condominium project about 9 kilometres (5.6 miles) from the downtown luxury residence, sold over 94 per cent of its 343 units in a single day, despite new curbs that were added in early July. Average pricing was about S$2,450 per square foot. Overall private home prices in Singapore have climbed roughly 40 per cent over the past five years. However, apartment prices within the so-called core central region – which covers the CBD and other high-end neighbourhoods – have lagged behind, with a smaller increase of about 19 per cent. The W Residences Marina View is being built by IOI Properties Group Bhd, a Malaysian developer that paid S$1.5 billion in 2021 for the site. The project will be managed by Marriott International. A spokesperson for the developer said there was 'strong interest' from individuals who were invited to its private previews, and 'it's natural that buyers are taking a measured approach amid a wave of new launches' in the area. The 99-year leasehold development has yet to be built, and buyers could pull out in the early stages of a sale if they pay a fee. 'Developers are likely to be more cautious and recalibrate their land acquisition plans following the poor demand' for properties in the prime city centre, said Nicholas Mak, chief research officer at property portal 'They will avoid a price war at all costs.' A nearby high-end residential project called Skywaters Residences, which is part of a broader development backed by Alibaba Group Holding Ltd. and local developer Perennial Holdings Pte, has sold just two of its 190 units since it launched more than a year ago. One 7,761-square-foot apartment sold for S$47.3 million, while the other smaller unit went for S$30.9 million. Such prices are comparable with mansions in land-scarce Singapore. Local property giant City Developments Ltd., which is building another 'ultra-luxury development' in the business district, hasn't set a launch date for its Newport Residences project, which will feature serviced apartments and 246 residential units. Developers have largely refrained from offering major discounts, betting that they can still attract wealthy locals and foreigners who have residency in Singapore, granting them lower property levies. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
16-07-2025
- Business
- Bloomberg
Singapore Luxury Condo's Early Flop Shows Property Boom's Limits
A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state's otherwise stratospheric property market. The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter who asked not to be identified sharing private information. The complex is located in the heart of the country's central business district, a short walk from skyscrapers that house global financial institutions and multinational companies.
