A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market,[1] or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million.[2] However, it can also mean any apartment with extra amenities, such as a doorman, yoga studios or bowling alleys, among others.[1]
- ^ a b "What does luxury real estate mean when everything is called "luxury"?". Brick Underground. August 2, 2015. Retrieved January 15, 2020.
- ^ "Start popping bottles, your apartment probably qualifies as "luxury"". Brick Underground. February 2, 2015. Retrieved January 15, 2020.