Two Harbour Green – for the rich

Thursday, May 26th, 2005

Top-floor views have multimillion-dollar price tags

Ashley Ford

CREDIT: Les Bazso, The Province Two Harbour Green’s Lily Korstanje relaxes in the display kitchen of the condo development’s $7.25-million penthouse

Vancouver has become a happy property-hunting ground for the rich, if not the necessarily famous, of this world. There’s already a list of interested international clients lining up for ASPAC Developments Ltd.’s $7.2-million, 5,800-square foot penthouse in Two Harbour Green on Coal Harbour.

The development won’t even get into the ground until August but, says sales director Lily Korstanje, the sumptuous palace already is getting the attention of the international set. “We have already had interest from both Canadian — 70 per cent — and offshore clients,” she said yesterday.

The project, officially opened for sale yesterday, has potential clients from the U.S., U.K., The Netherlands, Germany, Italy, Mexico and Asia pre-registered.

If the penthouse sells for the asking price, it would set a price record. But not for long.

There are others on the drawing board that will come to market even more highly priced. Rarified as the market is for this type of product, Vancouver is clearly on the map, says Bob Rennie of Rennie Marketing Systems.

Rennie holds the current price record for a penthouse — $6.9 million — in the neighbouring Shaw Tower on the waterfront.

“Both Shangri-La and Two Harbour Place will look like bargains in 10 years time,” Rennie said.

In One Harbor Green, another ASPAC development nearing completion on the harbour, the penthouse fetched $6.02 million. And the 190-metre Shangri-La tower — the city’s highest building — now under construction is about to put a 5,100-square-foot penthouse, complete with its own pool and a 3,000-square-foot deck, on the market for $7.4 million.

With a walk-in closet larger than most downtown condos Two Harbour Green is a fantastic living space by anyone’s measure.

Apart from a spectacular harbor and mountain view, Two Harbour Green has every bell and whistle imaginable, right down to a virtual golf centre. Any course in the world is merely an electronic click away.

It is a living space with top shelf appliances and fittings. The kitchen, with its Snaidero and Miele appliances, comes with a steaming oven and a built-in automatic coffee system that can deliver up five types of coffee at the touch of a button.

There are another 71 apartments between 2,400 and 3,600 square feet with a starting price of $1.7 million.

Last year, 1,049 properties reached the magic million-dollar mark, according to the Real Estate Board of Greater Vancouver. So far this year, 522 properties have been sold for more than $1 million.

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While buyers jealously guard their privacy, these are the most expensive top-floor sales recorded by the Real Estate Board of Greater Vancouver:

– $6.9 million in Shaw Tower on the Vancouver waterfront

– $6.02 million in One Harbour Green, Coal Harbor

– $5.4 million in south Vancouver‘s Kingswood development

– $4.53 million Shangri-La tower in downtown Vancouver

– $4.5 million in Coal Harbour

– $4.1 million in Kitsilano

In addition, flamboyant Belgian actor Jean-Claude Van Damme purchased a whole floor in the Shaw Tower, converting it into one living space at an estimated $4 million plus.

© The Vancouver Province 2005

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