Glorax Development Projects Bestsellers in Business and Premium Segments


By the end of Q3 2020, the Golden City and the Grand House projects topped St. Petersburg construction market by average business and premium sales. A rating by M2Market analytical center, prepared on the basis of data by Rosreestr (the Federal Service for State Registration, Cadaster, and Cartography), was carried out to rank residential and non-residential apartment sales. Golden City gained popularity with executive segment buyers thanks to its vivid architectural concept featuring golden decorative fixtures, numerous scenic view, two-storey, and terraced apartments. The project is being implemented on the Gulf of Finland’s front line. Its advantages include an underground parking lot, panoramic windows, landscaped gated yards, and elegantly designed common facilities. The project has won several Russian and international professional awards. For example, in 2016 Golden City won the European Property Awards in the category Housing Construction in Russia. In 2020, the project was titled a 5-Star Facility according to the 11th annual international award Real Estate Market Records.

The Grand House club house has topped premium projects in average sales due to a combination of advantages, such as magnificent architecture, various planning solutions including bay windows and terraces, its own underground parking lot, and artistic lighting of the building and its courtyards. The project’s unique feature is the Glorax Life club where residents can hold a meeting of any format with their neighbors and friends or solve business issues using coworking spaces or equipped meeting rooms. Located in downtown St. Petersburg, just 400 meters away from Nevsky Prospekt, it has become a most popular project in the segment.