If you are looking at modern technology for your penthouse, the modular wall system will do the trick. It serves as a storage cabinet and also looks hip and chic. Some walls come with rotating shelves and cabinets which can be rotated to give it a contemporary trend. A custom built fire place with a stainless steel finish can add a dash of glamor to the living room furniture. You could also add a couple of love seats to give your living space the cozy look.
Another recent trend in living room furniture for penthouses is the themed look. If you opt for an Asian theme, the living space could display square, circle or even spiral shaped furniture throughout the living room. A low coffee table could also be an interesting pick. A minimalistic approach could do wonders by just having a couple of Asian artifacts such as a gong or an Asian country side painting. A black and white theme or a black and red combination theme could make your living room elegant and smart. A lot of people are now going in for customized furniture. Keeping the space and budget in mind, you could get your kind of furniture by ordering it specifically from a designer. Bulky pieces are no more in vogue as it makes your room look smaller.