More from: real estate

Super-cities: Skyscrapers of the future

The last two decades were perhaps history’s most ambitious period for architecture. Multi-billion development projects across the globe fuel massive construction booms, pushing design boundaries as well as boosting local or national economies. While the financial crisis of 2008 seemed to have discouraged many developers, building mega-projects—such as skyscrapers—did not stop companies from making history. In Dubai alone, dozens of innovative and groundbreaking structures rose above empty deserts like mushrooms and forever changed the emirate’s cityscape. In the next couple of years, several more revolutionary skyscrapers will hit news headlines. Some of them are as follows:

 

Jeddah Tower

When completed by the end of the decade, this Saudi super-structure will be the tallest skyscraper in the world. It will be more one kilometer tall and will be the centerpiece of a US$20 billion proposed development known as Jeddah Economic City. The project was designed by multi-awarded American architect Adrian Smith, who is also the genius behind the world’s current tallest building, the Burj Khalifa. Aesthetically, the structure will resemble desert plant shooting upwards, symbolizing Saudi Arabia’s growth and future.

 

Image source: stuff.co.nz

 

KL118

Consisting of 400,000 square meters (4,300,000 square feet) of residential and commercial space, KL118 will overtake the iconic Petronas Towers as Malaysia’s tallest structure when it opens in 2019. It is currently being constructed within the vicinity of a number of historic landmarks with little modern development.

 

Image source: skyrisecities.com

 

Hydropolis

An aquatic city found right next to a cosmopolitan desert boomtown, this mega-project will be a magnificent underwater hotel that will once again put Dubai on the map. When completed, the hotel will cover an area of 260 hectares, which is roughly the size of Hyde Park in London. The central structure of the Hydropolis is the Lemniscate, a symbol of wisdom. A unique aspect of the underwater building is that it will comprise of different structures that represent various parts of the human body.

 

Image source: charismaticplanet.com

 

Baoneng Shenyang Global Financial Center

Currently under construction in Shenyang, Liaoning, China, this supertall skyscraper is notable for its design emphasis on both simplicity and iconicity. It has conical extrusions at its base, resembling canopies or nomadic tent entrances common during the Qing Dynasty. At the top is a “pearl” that would symbolize the Chinese wisdom, luxury, and purity. Located on a high seismic zone, the tower was designed to withstand strong ground shaking.

 

Image source: allday.com

 

These structures are highly impressive in their own right and will go down in historic as architectural marvels. However, regardless of how ambitious a building plan looks, its economic, cultural, and environmental value must be of the greatest importance.  Man’s ingenuity must always be used for the greater good.


Sleek and simple but a bit more personal: Interior design trends for 2017

The first few months of the year is often the start of an entirely different ball game in the world of interior design. The things which might have looked fantastic six months ago may no longer be as chic as it would be today. Design truly is a fickle creature. That’s why leading experts in the field try their best to stay in the know by keenly observing what kind of trends will follow the industry as a whole. For the most prolific, they can create and start a new trend themselves.

Image source: diningandlivingroom.com

 

Generational fault lines

One interior design prediction by a luxury rental developer is that the favorability of designs created this year will lie partly on the generational fault lines. This is driven by the growing number of millennials and baby boomers who are now shying away from home ownership. Generation Y is also following the dogma “less is more.” They want their space to be uncluttered and less fussy than traditional designs.

 

Geometric minimalism

Chanel Korby, the director of business development at a brokerage firm, also confirmed the appeal of clutter-resistant areas to young adults. The world outside is only becoming more hectic, that’s why people are now opting for tranquil environments in their homes. Even in the midst of a bustling cosmopolitan city, homes can achieve Zen-inspired interiors.

 

Emphasis on personalization

Millennials might be shying away from quite a number of knick-knacks, but that doesn’t mean that furniture are only applicable to the older generation. They just want a specific set of demands which will highlight who they are as a person. Young adults want to mix design styles and create a one-of-a-kind simple look, and they are more than willing to dish out more money to get what they want.

Image source: modern-homedesign.com

 

Return to gold

The world’s most popular precious metal will once again make its way to interior design this 2017. This design trend has always been a classic, but it can now be used in conjunction with modern styles, especially when used as a finish for kitchen light fixtures and hardware. Gold tends to look great in every room, and pairs perfectly with a wide range of palettes and patterns.

 

Mixing furniture pieces properly

Scandinavian design will dominate this year, thanks to its clean lines and refreshing balance. This particular trend embodies the idea of simplicity, which many modern homeowners are continuing to gravitate to and enjoy. How to achieve the look? Neat and proper combination of furniture piece. Simple but sleek designs always translate to comfort and positive ambiance.

Image source: onthewebrealestate.com

 

Poor housing market propelled by the last major economic crisis adversely affected the interior design industry. However, things seem to be turning the tides as the business managed to grow fairly well over the last five years and is expected to do better up to the end of the decade or even beyond. The housing market is expected to improve dramatically, yielding growth for residential interior designers as home sales skyrocket. For investors with the heart for the arts, the interior design market could be a good venture to tap into.


The Advantages Of Investing In Real Estate

There are many things one can invest in and among them is in the industry of real estate. A lot of people find it more lucrative now to put their money in this department because they have seen great results for those who did it. I would like to say that investing in properties is ideal more than doing it in other venues. Today, you will learn about the many advantages on investing in real estate.real estate investment 2

 

  1. The fact that this could actually generate money once you started investing in it is a huge green light. Whether you want to resell it upon acquisition or you would want to have it rented, either way you would see that one is able to generate income out of it. Of course just like in any other businesses, you would experience some down time. But the beauty about investing here is that you can be sure that you would profit from it eventually.
  2. Another thing that you will love from it is the fact about depreciation. It means that when an asset or property depreciates, you could still use that for your tax benefit. This also means that once your investment real estate depreciates, the taxman in your country would have to reduce that amount on annual basis from your taxes. The total value of the real estate you invested in would be based on its structure, the materials it was made of and the amount of time since it was built. Usually, the taxman would separate the value of your property based on its structure and the length of time since it was last built. As the year goes by, the property depreciates and that would work well with your tax payment.
  3. The next advantage you have from it is the fact that all the expenses spent related to your investment in real estate are actually deductible. Having a property manager inspecting your investment or when you have it repaired, you must know that all those are deductible. This is once again another thing that would help you with your tax papers. It is not just the value of the property itself, but pretty much everything related to it that made you spend for it would not be counted on your property tax fees.
  4. Now, aside from the benefit you could get from “depreciation,” you would also reap the benefits from its “appreciation.” As the years go by, the chances of a property to grow when it comes to its net worth is high, which would eventually affect its value. This is when a real estate would experience appreciation. For example, some of the houses built in Bel-Air, Beverly Hills were priced for less back in the 30s. But of course since time is involved in real estate and the other things that would affect its value like its ambiance, neighborhood, etc.; houses there now are worth around millions of dollars.


These are just among the things to consider as an advantage in investing in real estate.