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Mansion Global Daily: Lagerfeld Lists, Australia to Remain Flat and More

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

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Karl Lagerfeld’s Former Home in Germany Hits Market for €10 Million

The designer restored the single-story mansion, and his touches remain. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

A Two-Story Penthouse Atop Fort Lauderdale, Florida’s Tallest Building

Amenities include three private terraces. Read More

THE INSIDERS

NYC New Development Expert Warns Against ‘Paralysis by Analysis’

Susan de Franca says to go with your gut, and keep your home for the long haul if possible. Read More

NEWS BITES

Australia’s Home Prices Expected to Remain Flat for the Financial Year A market forecast from BIS Oxford Economics has warned of a slowdown in Australia’s housing market for the 2018-19 financial year. Stagnant prices or minor declines are now expected for most major markets, including Sydney and Melbourne. Tighter lending restrictions and an increase in housing stock have both contributed to stagnating market conditions. Domain

China Aims to Protect 25% of Land From Development by 2020 China is working toward a goal of protecting 25% of its land with an "ecological red line" plan to be put in place by the end of 2020, the State Council announced this weekend. The measures would prevent protected land from being developed and increase forest coverage to over 23% of the nation’s total land mass. Provinces have already been ordered to come up with plans to cut down on building and "irrational development" near rivers and other environmental sites. Reuters

Twin Townhouses Set Price Record on Hong Kong Island South Two adjoining townhouses at 90 Repulse Bay Road, a new luxury development on the waterfront of Hong Kong Island South, have sold for a little over HK$1 billion (US$127.6 million) to a pair of buyers from the same family. The sales have set a new local price record on a price-per-square-foot basis. One home went for HK$508.67 million, or HK$90,286 per-square-foot, while the other went for HK$495.95, or HK$87,500 per-square-foot. South China Morning Post

Hollywood Favorite in Brentwood Hits Market for $16.25M A traditional-style, 10,000-square-foot home built in the 1930s has hit the market for $16.25 million. The house was once home to actress ZaSu Pitts, who started in silent films and went on to work in talking movies. Later on, Linda Ronstadt, a former pop singer, owned the home, which was designed by architect to the stars Paul R. Williams. Former White House designer Michael Smith recently updated the home. Los Angeles Times

AROUND NEWS CORP

Your Own Wild Island[The Times of London]

Why High Real-Estate Prices Could Unify Americans [MarketWatch]

Washington Heights Is the New Williamsburg [New York Post]

The Worst Mistakes You Can Make Before Selling Your Home [realtor.com]