Asia:
Chinese property giant Wanda, owned by China’s richest man Wang Jianlin, is considering an investment in Madrid worth “billions of euros.” Last year, the firm paid $297 million for a historic skyscraper on Madrid’s Plaza de Espana. This new potential investment is rumored to be “10 times bigger.” [South China Morning Post]
RELATED: Sunnier Days for Spain's Housing Market Investors are beginning to return to Singapore as an oversupply of luxury properties has brought about bargain deals on high-end apartments. [The Edge Property]
United States:
Cash buys accounted for 49.5% of all Miami real-estate transactions in May, nearly double the national average. [World Property Journal] Business Insider offers a look at the wealth of Hamptons real estate hidden behind the region’s famous hedges via an aerial tour. [Business Insider] China may be the biggest investor in U.S. real estate but when it comes to South Florida, Brazil is the big spender. [HomesGoFast.com]
Australia:
A report by the National Australia Bank, in collaboration with CoreLogic, forecasts that Sydney home prices will continue to grow but at a markedly slower pace. While home prices rose 7% for the first half of 2015, the report predicts 3% for the remainder of 2015 and 5% for all of 2016. [The Daily Telegraph] Investors will be paying close attention to Sydney’s real estate auction market this weekend, where 650 properties hit the block amid declining clearance rates. [Domain]
Middle East:
Arabian Business profiles the oft-overlooked Qatari developer Al Bandary Real Estate and their range of unique projects including the state’s first combined luxury tower and waterpark. [Arabian Business] Inman offers forward-thinking property investors five reasons to consider in the United Arab Emirates. [Inman]More: The Party’s Over in Macau
Have an update for Mansion Global? Write to us at info@mansionglobal.com