With the markets seeing normalization after almost three years of pandemic chaos, and the luxury market continuously redefining itself, new luxury residential developments are set to open over the course of this year making 2023 a big year for luxury real estate.
With location being a top tier pull factor, luxury residential developments are opening within the next year across some of the most sought-after real estate markets in the world including the Caribbean, London and New York. According to the National Association of Realtors, global buyers are on the rise, as approx. 92% of US respondents are looking to buy property elsewhere. Amenities at these new developments range from private pools, state-of-the-art wellness and fitness centers and golf courses to private beachfront access.
St. Regis Cap Cana– Dominican Republic (pictured)
Set to open Q4 2023
The Residences at The St. Regis Cap Cana is the first and only five-star branded real estate offering in Cap Cana and will be the most luxurious residential resort in the Dominican Republic. Located within the exclusive, master-planned community of Cap Cana, just south of Punta Cana on the eastern tip of the island, owners will have access to all the bespoke amenities and services of St. Regis. Access is also provided to the amenities of Cap Cana, the Caribbean’s fastest growing and most stable tourist destination, which includes the Punta Espada Golf Course, rated as the #1 Best Golf Course in the Caribbean and Mexico by Golf Digest. These luxurious beachfront residences are set to be complete by late 2023.
The Residences at The St. Regis, Los Cabos – Mexico
Set to open Q4 2023
Located on a 33-acre site at the Southern tip of the Baja Peninsula, The Residences at The St. Regis, Los Cabos boasts 74 stunning residences, offering condominiums and villas. Walls of glass fill each residence with an abundance of natural light, with picturesque ocean front views beckoning residents to explore all that Cabo San Lucas has to offer. In the oceanfront villas, the oversized glass walls extend the living room onto a grand shaded terrace with an outdoor kitchen and an infinity-edge pool that spills into a 60-foot, private stretch of beachfront. On property, owners can bask in the beautiful Mexican sun with access to seven resort pools, gardens and landscaped courtyards, and the award-winning Jack Nicklaus Golf Course and Quivira Golf Club.
Mandarin Oriental Residences, Fifth Avenue– New York
Set to open 2023
Located on Manhattan’s most iconic stretch, Mandarin Oriental Residences, Fifth Avenue is surrounded by renowned luxury shopping, fine dining, and cultural landmarks with Central Park a short stroll away. Each pied-à-terre is appointed with rich architectural details, modern finishes, and an impeccably curated furniture package – offering incomparable turn-key service and uncompromising style. Developed by SHVO, the 69 Residences are housed in a landmark 1920’s building. Some amenities include a residents-only Boulud Prive, the first private dining concept by Chef Daniel Boulud, as well as Manhattan’s only residents-only pool.
The Residences at Mandarin Oriental, Mayfair- London
Set to open 2023
The Residences at Mandarin Oriental Mayfair, London will be Mandarin Oriental’s second Residences in London. Located in fashionable Hanover Square and developed by Clivedale, the 77 Residences will be in the heart of the city’s renowned Mayfair district and steps from some of the most exclusive dining, shopping, and entertainment.
The Residences at Mandarin Oriental, Muscat- Sultanate of Oman
Set to open 2023
The Residences at Mandarin Oriental, Muscat will feature the most exclusive beachfront homes in the city. Developed by Eagle Hills, the 156 Residences will be part of Mandarin Oriental, Muscat and offer expansive views over the Arabian Sea. Owners will enjoy luxury living within a world-class community minutes away from the Royal Opera House, Sultan Qaboos Grand Mosque, and Al Qurum Park. Some amenities include a outdoor pool, game room and theater, in-residence dining and more.
