Old-new luxury homes: this year's real estate hit

Last year's real estate headlines were dominated by the luxury residential towers, which touted their uniqueness and magnificence. This year's luxury market may not have the same physical height, but will surely be just as opulent. The up-and-coming luxury properties are actually the older buildings closer to the sidewalks. In the past three years such buildings have become a high-demand real estate product that threatens to take over the high-end residential market. The building conservation trend that has brought about this situation is now seeking the potential in the older sections of various cities.