Manhattan’s Luxury Market Finally Has a Good Week
After a dismal summer-long performance, which extended into early fall, Manhattan’s luxury real estate market may be bouncing back. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
House Island, One of a Cluster of Islands Off Portland, Maine, is An Oasis with a Storied Past
While being incredibly close to bustling Portland, Maine, House Island is unique in that it still manages to feel very separate and private. Read More
THE INSIDERS
Luxury Does Not Have To Be Expensive
Manhattan-based interior designer and luxury home stager Cheryl Eisen has worked with clients including Kim Kardashian and Kanye West, Ivanka Trump and Jared Kushner and Daniel Craig, helping to fix up homes and sell them faster, too. Read More
NEWS BITES
A Private Island in Florida's Panhandle Is on the Market for $2.5 Million A 53-acre private island in Walton County, Florida has listed for $2.5 million, the first time the land has come up for sale in 80 years. Known as South Walton Island, it’s located off of Choctawatchee Bay and is reportedly one of the last undeveloped islands in the Panhandle. The island is zoned for residential construction and also has a designated area for recreational development, giving the future buyer the option to develop the land into a primary residence, second home, or income-producing property. The Real Deal Miami
Wealthy Australian Expats Are Eager to Return to the Local Market Well-off Australians living abroad are showing increasing interest in the local property market, some eager to invest before prices climb higher and others interested in moving back to put their children in local schools. Australians living overseas earn an average of US$135,755, per a recent report from HSBC, and the value of the Australian dollar may make buying in cities like Sydney or Melbourne look like a relative bargain compared to other global capitals such as Hong Kong or London. The Australian
As Market Strengthens, Singapore En-Bloc Deals Are at a 10-Year High In another sign that Singapore’s housing market is climbing out of a recent slump, en-bloc sales of owners grouping together to sell entire apartment blocks have reached a 10-year high. Deals so far this year have totaled S$5 billion (US$3.8 billion), according to OBC Investment Research, bolstered in part by a flurry of en-bloc sales last week, including the S$830.1 million (US$608.9 million) purchase of the 488-unit apartment complex Normanton Park and the S$906.7 million (US$665.2 million) purchase of Amber Park. The previous high for en-bloc sales was S$11.5 billion (US$8.4 billion) in 2007. Bloomberg
Demand Is Growing for Damac's Dubai Hotel Units Near Expo 2020 Site Damac’s hotel apartment projects in New Dubai and Dubai South are more than 80% sold out, the company announced, with investors eager to snap up properties near the Expo 2020 site and eventually rake in cash from the stream of visitors. The company is bullish on demand surrounding the Expo, with one hotel apartment tower in Dubai South recently completed, another one in the area due next year, and two other towers on the way in Jumeirah Village Circle. Khaleej Times
London Mayor Overrules Local Council to Double Number of New Affordable Apartments London Mayor Sadiq Khan has moved forward with approval for residential development at the former National Institute for Medical Research in Mill Hill after Barnet Council initially refused permission for the project. Mr. Khan’s approved version of the plans, 40% of units on-site will be affordable—up from 20% when plans were first released—and trees that were set to be removed will stay put, with more added as part of the updated plans. The move is part of Mr. Khan’s aggressive strategy for creating more affordable units across London. PropertyWire
A 327-Unit Apartment Complex Is Going up Near Burbank, California's Metrolink Station In a boon for Los Angeles commuters who prefer not to travel by car, a major apartment complex is reportedly coming in just west of the Metrolink station in Burbank, according to the project’s architecture firm Newman Garrison + Partners. The project will include seven stories, 327 housing units (a mix of studios to apartments as large as four-bedrooms), assorted amenities (swimming pool, spa, outdoor movie theater, bocce ball course), and retail space for "organic grocery offerings." The units will be a mix of market-rate and affordable (though it’s currently unclear what the ratio will be), and the project could be ready as early as 2021. Curbed Los Angeles
AROUND NEWS CORP
Amazon’s Search for a Second Headquarters Could Weigh on Seattle’s Growth [The Wall Street Journal]
The Very Model of a Modern Development [The Times of London]
The Obamas' New Building Could Be Cursed [New York Post]
Let the Fur Fly: What Are the Best Cities for Dog Lovers and for Cat Lovers? [Realtor.com]