Hong Kong Residence Sells for HK$1.16 Billion
The four-bedroom home boasts a private swimming pool, terrace, courtyard, two-car garage, and views of the Victoria Harbour and city skyline. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Four Seasons Condo Perched High Above Boston
The apartment, currently owned by a sailing champion, offers amazing city views. Read More
TAX TALK
Manhattan vs. London: Which Has the Better Property Tax Rate?
Laws in the British capital are much more buyer friendly. Read More
NEWS BITES
Hollywood Hills Home of Stockard Channing Hits the Market, Again "Grease" star Stockard Channing is selling her Hollywood Hills West two-bedroom house. Originally listed last year for $1.895 million, it’s currently listed at $1.849 million. Built in 1950, the 2,200-square-foot home overlooks Laurel Canyon and offers generous terrace and patio space. Los Angeles Times
U.K. Property Prices Will Rebound in the Next Five Years The current uncertainty plaguing price growth in U.K. housing will be a distant memory by 2019, when a boom potentially amounting to 14% of growth in five years will begin, real estate firm Savills reports. The prediction calls for stronger growth in Northwest England, estimating the area will reach 18% and a more sober 7% in London. PropertyWire
Plans for Luxury Senior Living in Brooklyn A 16-story Brooklyn Heights building will become the site of a high-end senior housing development. A Florida private equity firm has acquired the property, which was formerly owned by the Jehovah’s Witnesses, and plans to create a retirement community with 75,000-square-feet of amenities in line with increased interest in luxury options for the elderly. Bloomberg
Manhattan Sees a Bleak Quarter for Condo Development Approvals The New York attorney general’s office approved 823 proposed Manhattan condo units for the third quarter, estimated to be worth $3 billion. This marks a decline after three consecutive periods of growth. September only saw one signed off on plan, the bleakest month since April of 2013. The expense of Manhattan land and the excess of existing luxury properties are seen as contributing factors. The Real Deal
AROUND NEWS CORP
Ski Homes With Walls of Glass, Thanks to New Technology [The Wall Street Journal]
Home-Selling Checklist: 12 Things to Do Before Selling Your House [Realtor.com]
Rising Art Star Paints Mural for Chic Luxury Condo [New York Post]
Lavish Aussie Mansion That Just Won't Sell [news.com.au]