A quiet contest is playing out across the world's luxury residential markets, and it is not about square footage or views. It is about the clubhouse, where F&B has become the primary differentiator most developers still treat as an afterthought.

[Placeholder — the paragraphs below are structural placeholders only, showing heading rhythm, pull-quote treatment and length for a long-form piece. They are not the real published article text, which should be dropped in here once available.]

[First subheading from the real article]

[Body paragraph placeholder. Replace with the real article content — this section should run roughly 150 to 250 words to match the pacing of the piece as published.]

[Second body paragraph placeholder, continuing the same section.]

"[A pulled sentence from the real article goes here, used as a visual break in the layout.]"

[Second subheading from the real article]

[Body paragraph placeholder for the second section of the piece.]

[Closing subheading, if the real piece has one]

[Closing paragraph placeholder.]