Luxury Residential Skyscrapers, The Tallest In The World Will Be In Brazil

In the list of countries with tallest buildings in the world is about to be inserted Brazil. We are talking about those for exclusively residential use, not those that are mainly offices, monuments or tourist destinations, because in that case they are almost all located in Asia and the almost 830 meters of the Burj Khalifa in Dubai are currently untouchable.

According to the ranking of The Skyscraper Center, reference site in the measurement of residential skyscrapers, to date the record is 435 meters (only 17,5 meters wide) and the 84 floors of 111 West 57th Luxury Condominiums in Manhattan, New York, commonly known as Steinway Tower and inaugurated in 2022.

Construction of the building will begin by the end of 2024 Triumph Tower (not to be confused with Trump Tower…) of Balneario Camboriù, in the State of Santa Catarina, in South of Brazil: the building will exceed half a kilometer in height (509 meters to be precise) and will have 154 floors. It is not yet known how many apartments will be for sale nor the overall investment, but the project is of a high standard, given that it is signed by the luxury construction company FG Empreendimentos in partnership with the well-known entrepreneur Luciano Hang, owner of the Havan department store chain and, among other things, a fervent supporter of Jair Bolsonaro. With his assets estimated in 3 billion dollars, Hang is one of the richest men in Brazil and is a bit like the Brazilian Steve Ballmer for his eccentric ways and his motivational "techniques".

Triumph Tower will clearly beat One Tower's record, which is also located in Balneario Camboriù and is currently the tallest residential skyscraper in South America with its 290 meters and 84 floors: 650 million reais, over 100 million euros, were invested in that project and 119 apartments had already been sold at the end of 2022.

The new Triumph Tower should be instead ready in 2028: as mentioned, it will be the tallest as a strictly residential building, but in the general ranking of skyscrapers it will only occupy position number 154, demonstrating how urban centers - especially in Asia, the Middle East and emerging countries - are are increasingly verticalizing.

Its Camboriù seaside resort, a chic seaside resort on the southern coast of Brazil, is one of the most evident examples of this trend.

The “Brazilian Dubai”, as it is called, is the most vertical city in the country together with Santos and São Caetano do Sul: it currently hosts the six tallest residential skyscrapers in Brazil and eight in the top ten. This resulted in a boom in the real estate market, with the construction of entire residential areas from scratch and an explosion in prices, up to +160% in 2023. It happened in Camboriù, a few months ago, that a company sold all the apartments of a new building in a single day neighborhood he was building. Today a 33 square meter studio apartment can cost up to a lot 1,6 million reais, that is, over 300.000 euros. It is no coincidence that they bought a house in Balneario Camboriù Neymar (complete with cinema and heliport) e Cristiano Ronaldo, who took a "pied-à-terre" on the One Tower, a whim worth almost 3 million euros.