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UNITED STATES
Gotham profiles Manhattan luxury residences that allow you to enjoy the urban outdoors in all its glory. [Gotham] Is artificial intelligence the next high-end amenity? GlobeSt.com looks a the mechanics behind the one-of-a-kind elevator coming to the Porsche Design Tower in Miami. [GlobeSt.com]More: Unique Amenities Abound in Miami's Competitive Condo Market Gizmodo Australia looks at the unique engineering challenge faced by New York’s $20 billion Hudson Yards luxury development, the largest private development in U.S. history, as it attempts to build a park above a working train yard. [Gizmodo] A new report by the Risky Business Project posits that by 2030, $69 billion of coastal property in Florida could be in danger of flooding due to climate change, more than any other state in the nation. [Miami Herald] Crain’s New York Business examines the playbook used by NIMBYs (“Not In My Back Yard”) to derail new development in New York City. [Crain’s New York Business]
EUROPE
Prime Minister David Cameron is committing to increasing the United Kingdom’s efforts to root out corrupt money being funneled into the nation’s real estate market. [Financial Times] Massive Chinese developer Dalian Wanda finds itself mired in controversy as it considers the possibility of tearing down the Espana Building, a Madrid landmark. Wanda purchased the building last year for $297 million with the intent of preserving the facade and converting the building to a commercial, hotel and luxury residential development. [China Daily]
ASIA
The Shanghai Composite dropped 8.5% yesterday, furthering China’s stock woes, with investors abandoning the market for the relative safety of real estate. [Quartz]More: China's Luxury Home Market Should Weather Stock Turmoil Will Hong Kong’s property market remain immune to the stock mayhem? Select Property looks for a timetable on real estate’s resistance to China’s bumpy stock exchange. [Select Property] Bloomberg examines how Indonesia’s evolving property ownership rules for foreigners may entice Chinese and Singaporean buyers and drive further price growth in Bali. [Bloomberg]More: Indonesia to Ease Restrictions on Foreign Ownership Smaller Chinese cities have not benefited from the housing recovery taking hold in the nation’s larger metropolises like Shanghai and Shenzhen. [Nasdaq]
INTERNATIONAL
Refinery29 profiles five international dream homes that are less expensive to rent than a London apartment. [Refinery29]
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