One of Karl Lagerfeld’s final works, a luxury apartment tower, is rising in Taiwan

Penthouse units will cost up to $6M

National /
Apr.April 27, 2019 04:00 PM

Karl Lagerfeld and Taiwan (Credit: Getty, iStock)

Those mourning the loss of fashion icon Karl Lagerfeld will soon be able to turn to a new high-rise in Taiwan to purchase a piece of the late designer’s final works.

In 2014, developer Jut Group teamed up with the late Chanel and Fendi creative director to design an apartment tower in Taichung City, Bloomberg reported. The building is expected to be completed by 2022.

Lagerfeld designed almost every aspect of the building, from the interiors of the uber-luxury penthouses to the building’s facade. Apartment prices start at about $1 million and go up to nearly $6 million for one of the 8,900-square-foot penthouses.

The development is reflective of a new wave of luxury home buyers in Taiwan, which is home to more than 1,500 people with more than $30 million in assets. Though real estate is coveted with the country’s ultra-wealthy owning an average of 5.4 properties — the highest globally — Taiwan’s property prices have stagnated in recent years, which has led to increased competition for the affluent’s dollars. Jut and Lagerfeld hoped the late designer’s collaboration in the tower’s design would be a deciding factor for many of Taiwan’s wealthiest women, who are often the decision-makers in property deals.

Lagerfeld died at the age of 85 in February. [Bloomberg] – Natalie Hoberman


Related Articles

arrow_forward_ios
Quarters CEO Rui Barros (Linkedin)

Quarters, the “WeWork of co-living,” files for bankruptcy

Quarters, the “WeWork of co-living,” files for bankruptcy
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

Soap star Joan Collins lists longtime Midtown pied-à-terre

Soap star Joan Collins lists longtime Midtown pied-à-terre
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
New Yorkers signed leases in record numbers last month. (Getty)

Manhattan, Brooklyn rental leasing hit 12-year high in December

Manhattan, Brooklyn rental leasing hit 12-year high in December
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...