TD Bank increased its U.S. real estate lending by 9.5% in 2014, for a total of $6.3 billion in new loans, but remains cautious about the luxury condo market, which it sees as driven by foreign money. [The Real Deal] A bubble in Bangkok? The Thai capital could be flirting with an oversupply of residential property. [Bangkok Post] Bengaluru, India’s IT hub, is a bright spot in the nation’s somewhat stagnant property market, according to real estate consultancy JLL India. [NDTV Profit] Chinese developers are bracing for impact as the government moves to reform the value-added tax as a replacement for the real estate industry’s existing business tax. [South China Morning Post] A Vancouver developer has stated that he will not sell his new 360-degree view, 6,830-square-foot C$18 million (US$14.6 million) penthouse atop the Hotel Georgia to a foreign buyer. [The Vancouver Sun] Young affluent buyers are drawn to the Miami property market due in part to the beneficial tax status afforded to Florida residents. [Miami Herald] Jones Lang LaSalle profiles the most attractive neighborhoods for high-net-worth individuals in India’s primary cities. [The Hindu] The teardown business is booming in southwest Florida where buyers are discovering it is cheaper to rebuild than to remodel. [News-Press.com] Bargains can be had in Beruit’s luxury real estate market as Lebanon experiences political impasse and an economic slowdown. [The National] Myanmar is experiencing a luxury “condo rush” as foreign developers are attempting to capitalize on the growing population of wealthy citizens. [Bangkok Post] There is a growing trend of “pret-a-habiter” mansions, homes fully furnished in the finest styles, as developers look for new ways to entice affluent buyers. [Australian Financial Review] Overseas Property Professional identifies Ajman, the smallest of the seven emirates, as a property market ripe for investor interest and growth. [OPP.Today]View full listing (pictured)
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