A New Category Is Emerging in the Premium Residential Market — the “Presidence”
Experts say a self-contained, service-led residential format built for multigenerational ownership is emerging at the very top of the market — and that demand for it is rising worldwide. SINGAPORE – Media OutReach Newswire – 13 August 2026 – Experts in premium residential real estate note that a distinct new category is forming at the top of the market, and that demand for it is rising around the…
The premium residential market is witnessing the emergence of a new category known as the "Presidence." This self-contained, service-led residential format is specifically designed for multigenerational ownership and is gaining traction globally. The Presidence combines the elements of a private residence with the amenities of a five-star hotel, all within a single, internationally branded development.
This unique living arrangement caters to the evolving needs of ultra-wealthy individuals, who are increasingly seeking spaces that offer privacy, space, wellbeing, and the ability to be handed down across generations. The trend reflects a shift in global wealth, with the number of high-net-worth individuals increasing by over 160,000 between 2021 and 2026, and more affluent families building cross-border portfolios of homes.
While fully integrated examples of Presidences remain rare, the concept is gaining momentum, with demand outpacing supply as the number of ultra-wealthy households continues to grow.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
