When you purchase a property, you are not just buying a home-you are buying a lifestyle.
It is unknown whose words these originally were, but they describe the property trends for 2024 in a nutshell-and these trends are only going to get bigger and bolder as the year goes on.
There is a surge in awareness and informed discernment among buyers, especially young professionals, who are looking for an investment that fits in with their lifestyle needs and long-term planet goals. Property developers, in turn, are focusing their energies on delivering something to scale that is luxurious, high quality, bespoke and uber organic, with a redefinition of ostentation, says Liam Bailey, partner and global head of research at Knight Frank.
The trend towards modern design and low-maintenance furnishings is becoming increasingly evident, and mirrored in the form of interiors that are not only visually appealing but also functional and easy to upkeep, says Dora Chng, director of residential at Singaporean real estate group GuocoLand. "This movement aligns with a broader societal pivot towards minimalism and sustainability, emphasising the importance of stylish and pragmatic designs," she says.
"An increased awareness of sustainability and well-being is being expressed in consumer demand for qualities like amenities, energy efficiency, materiality and service, redefining the meaning of 'prime' for commercial properties and high-end homes alike," adds Richard Baumert, managing partner at American luxury property development firm Millennium Partners.
This has become a global criterion, albeit that adherence is controlled by how the different markets define the individual components and the buyers' specific needs.
RESILIENT MARKETS
هذه القصة مأخوذة من طبعة June - July 2024 من Tatler Homes Singapore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June - July 2024 من Tatler Homes Singapore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
The Art Of The Matter
Southern American art is a highlight of this transformed Texas ranch by Joshua Rice Design
Dream Making
Summerhaus D’zign managing partner Larry Lim reminisces about the firm's early beginnings and how it has grown from strength to strength in the 12 years since its founding
In The Hidden Valley
Nestled in the Chilean countryside overlooking the lush Valle Escondido, this detached house was crafted as a beautiful home perfect for a family of five
SNOWED IN
This family ski retreat in Quebec's Charlevoix region features spaces with a seamless blend of residential warmth and five-star hôtel particulier luxury
A FASHIONABLE SPIN
We take a look at the exquisite presentations and latest maison offerings dished up by the fashion houses at Milan Design Week 2024
FAIR PLAY
Explore the cutting-edge creations and groundbreaking collaborations at Salone del Mobile 2024 in Milan, which showcased the transformative power of innovation in shaping the future of global design
HAUTE HAUNTS
Designers and design aficionados make their annual pilgrimage to Milan Design Week for the latest and most spectacular design happenings, but where in the city do they actually hang out? Here are some of the stylish locals’ favourite addresses
Inspired Living
The luxury property market is gearing towards elevated lifestyles and transformative trends in the second quarter of the year
Rock Stars
As acclaimed design duo Formafantasma unveil a new material at Milan Design Week, they discuss their pioneering collaboration with Cosentino and explain that designers should be more involved in creating solutions for social issues
Crafting Joy
We chat with Marimekko's Minna Kemell-Kutvonen at the brand's pop-up cafe about celebrating heritage, what makes Finnish design unique, and the future of prints in the digital world