The Four Pillars of Foreign Investment
Whether you’re new to the market or a seasoned buyer, these are the keys to unraveling complexities of purchasing an overseas home. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Oceanfront Apartment in a New Resort on the Hawaiian Island of Kauai
This oceanfront three-bedroom apartment is in Timbers Kaua’i-Ocean Club & Residences at Hōkūala, a new private residential club set to open on June 1 on the southeast coast of the island of Kauai. Read More
NEIGHBORHOOD NOTES
Panama City’s Casco Viejo is Bustling, Charming, and Becoming More International
The area has an exciting nightlife, lots of restaurants and winding streets. Read More
NEWS BITES
Greenwich Village Penthouse Sells for $19 Million Under Asking A triplex Manhattan penthouse that initially listed for $28.5 million in 2013, and later had its price bumped up to $30.5 million, has finally sold for $11.5 million. The property had gone through multiple brokers and price cuts, and most recently had its asking price brought down to $12.95 million. Noting the slowdown in activity for properties above $10 million, one broker said, "This apartment was caught in the midst of the great pricing adjustment in the luxury market." New York Post
Dubai Developer Targets Young Entrepreneurs with Co-Living Spaces Emaar, a Dubai developer, has launched "The Collective," which is made up of "co-living" spaces that allow buyers to live and do work under the same roof. Aimed mostly at young professionals, the units start at Dh671,888 (US$182,928) and are part of the company’s 11-million-square-meter Dubai Hills Estate project in Mohammed Bin Rashid City. Other co-living spaces are popping up elsewhere in the city, as developers look to appeal to creatives and entrepreneurs. Gulf News
Toronto’s Divided Market Has Created a New "Monster" for Buyers In Toronto’s uneven market, sellers are unable to unload single-family homes, with sales down 41% and prices down 12%, while condo sales face multiple bidding wars and have seen prices rise by 20%. New mortgage regulations requiring high down payments have helped push buyers toward condos and their relatively low asking prices. BNN
Hong Kong Home Prices Continue to Set Records in 16-Month Growth Streak Hong Kong’s private home prices continued to grow for the 16th consecutive month in February, according to government data, rising 1.62% to a new record high. Prices were up 16% year-over-year. However, the city’s financial chief has said that new inventory and rising interest rates are likely to put pressure on the city’s prices soon. Reuters
AROUND NEWS CORP
Living in ‘the Valley’ Is, Like, Cool Now [The Wall Street Journal]
These Housing Markets Are Going to the Dogs, in a Good Way [MarketWatch]
Why We Want Homes That Last a Lifetime [The Times of London]
Comedian Mike Myers Finally Sells SoHo Penthouse for $14M [realtor.com]