Luxury real estate refers to the property that is priced above the average value of the market and is classified into the following categories such as an absolute luxury residence, a luxurious home or semi-luxury home, or a more affordable alternative like an executive condominium. All properties in these categories have to meet certain requirements such as high levels of excellent construction materials, top-of-the-line interior design and fittings/fixtures as well as stunning landscaping and stunning views.

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