The housing market might be down, but that isn’t stopping movie stars, hedge fund managers, and corporate titans from paying mammoth prices for the most lavish real estate on the planet.

“For the ultraluxury market to take a hit, there would have to be serious financial woes that went a lot deeper than what we’re seeing now,” said Rick Goodwin, publisher of Unique Homes, a magazine and Web site about luxury properties. “If they’ve got the money, it’s not going to be a hardship to fork over cash for a $10 million house.”

The ubër-wealthy are also less concerned about interest-rate fluctuations and other mortgage issues; about a third of buyers of $1 million-plus homes pay cash, Moore-Moore said.

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The Gramercy Residences will be the only 24/365 hyper-amenitized luxury high-rise in the Philippines boasting of features and luxuries never before attempted anywhere else in the world.The Gramercy will be fully-serviced, a dream come true for those who live the modern lifestyle.

Imagine ordering a sumptuous meal served in your bedroom from any of Century City restaurants. Or having a personal shopper bring up some new arrivals from your favorite boutiques downstairs, a housekeeper taking care of your household chores, or the 5-Star Services at the Gramercy.

For more information and to take a look at The Gramercy, visit www.century-philippines.com

German architects Manfred Dick (who sought a patent for his concept) and Johannes Kauka want to give drivers the opportunity to park their cars right on their appartment’s balcony.

You would literally drive your vehicle straight into a ‘vehicle elevator’ of sorts and up you & your vehicle go on to your balcony garage or ‘Carloggia’ as they are look to call it. The architects are keen to point out that safety and comfort are two of the major advantages that come with this garage concept; it’s easier to unload groceries, your car in sight & your family are better protected when entering your building. Nifty idea if you ask me.

From Land + Living

Lets start off with a bang (so to speak) and mention the all too familiar now, Penthouse at the Pierre which has been on the market for a good couple of years now and not all that surprising considering its price tag… a mere $70,000,000 .

The 16 room apartment: 5 bedrooms, 7 bathrooms, 5 fireplaces, a grand terrace and a spectacular 360 New York all included.