{
  "id": 724891,
  "title": "A New Category Is Emerging in the Premium Residential Market — the “Presidence”",
  "url": "https://urgent.news/2026/08/13/a-new-category-is-emerging-in-the-premium-residential-market-the",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-13T02:10:05.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/a-new-category-is-emerging-in-the-premium-residential-market-the-presidence/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Vietnam Investment Review",
        "title": "Presidence Category Gains Market Share Across Global Premium Residential Real Estate",
        "url": "https://urgent.news/2026/08/13/presidence-category-gains-market-share-across-global-premium",
        "published": "2026-08-13T03:17:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}