The 49-story development designed by Silicon Valley favorite Ken Fulk is selling its top floor apartments for $3 million to $8.8 million. Read More
BY THE NUMBERS
LISTING OF THE DAY
Belongil Beach and its famous Wollongbar Wreck surf spot are only a few steps away. Read More
Optimize your collection—and space—with the latest wine refrigerator technology. Read More
Abu Dhabi Housing Prices Fall Amidst New Construction
The third quarter saw a fall in Abu Dhabi sale and rental prices, which has been attributed to both the addition of many new housing developments and a slowing economy. According to the consultancy JLL, sale and rent prices fell 13% year-to-year as 550 new units were introduced, increasing vacancy rates. With 3,000 more units set to be finished before the year’s end, the phenomenon is likely to continue.
Canada’s Highest Priced Market is Vancouver’s West Side
The west side of Vancouver is the most expensive neighborhood in Canadian real estate, Century 21 found. The average price per square foot in the area is $1,201, which beats downtown Vancouver’s $863 per square foot, Toronto’s $819 and West Vancouver’s $817. Vancouver-area neighborhoods took seven of the 10 spots on the Century 21 list.
More Than 50 homes Over £10 Million Have Sold in London This Year
Despite a somewhat iffy market and lots of uncertainty surrounding Brexit, according to new data, more than 50 homes in the British capital have sold for £10 million (US$13 million) or above. Belgravia led the pack with seven sales in this ultra high end category (totaling £151 million, or US$199 million), followed by Knightsbridge with eight and St. John’s Wood with six, according to Aston Chase, which analyzed Lonres data.
Hurricanes Slow U.S. Housing Production
Housing production slowed in September, the U.S. Department of Housing and Urban Development and the Commerce Department said, as a result of the destructive hurricane season. Overall single-family construction dropped 4.6% to 829,000 units due to the south’s 15.3% plummet. The single-family numbers in all other U.S. regions rose for the month and permits were up 2.4%.
AROUND NEWS CORP
Backlog in EB-5 Immigration Program Creates Cash Hoard for Property Developers [The Wall Street Journal]
Here’s Where You’ll Live When Cars Drive Themselves [MarketWatch]
Prospective Tenants Already Flocking to One Vanderbilt [New York Post]
5 Ghost Towns You Can Buy Right Now, If You Dare [Realtor.com]
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