The Indonesian Government is currently reviewing the luxury tax applied to real estate in the country, having previously announced that “certain apartments with an area of more than 150 square meters (about 1,615 feet) may be exempted from the 20 percent tax if they are not considered ‘prime’ properties.” [Tax News] Despite a weather-induced slow start to the season, Canadian brokers are now experiencing a “rush of activity” on the increasingly limited supply of vacation property across the country, according to the recent 2015 Royal LePage Recreational Property Report. Read the full report. [Royal LePage] In an effort to stand out Melbourne’s crowded luxury market, the developers of the upmarket apartment complex One Irving plan to give base model BMW i3s, the car maker’s latest electric model, to the first five buyers. [Domain] Hamptons-based broker Alan Schnurman talks to Dan’s Papers about “the transitional house,” the current fashion of modern luxury most desirable to those in the market for a Hampton's home. [Dan’s Paper’s] The rise of the deluxe dressing room? Australian brokers are finding that stylish storage for sartorial supplies is proving to be a major selling point. [The Courier Mail] Meet Mt. Waverley, the Melbourne neighborhood where multi-million dollar listings are becoming commonplace. [Herald Sun] Boston.com profiles Pauli & Uribe Architects LLC the architecture firm behind the renovation of some of Boston’s most expensive homes, including the residence of Secretary of State John Kerry. [Boston.com] New York City developers are seeking to optimize space, and asking price, by constructing elaborate subterranean spaces including media rooms, vaults and pools. [New York Post]View full listing (pictured) Have an update for Mansion Global? Write to us at info@mansionglobal.com
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