February Continues to Be Strong Month for Manhattan Luxury Real Estate
$17 million Upper East Side apartment tops the 29 prime property contracts signed last week. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Upper East Side Corner Apartment With Views of Central Park
The Manhattan building was designed by notable New York architect Emery Roth. Read More
THE INSIDERS
Los Angeles Broker James Harris on ‘Bullet-Proof’ Neighborhoods, Zoning Changes and More
The "Million Dollar Listing Los Angeles" star sees U.S. luxury real estate as a safe bet. Read More
NEWS BITES
Dubai Rents Expected to Continue to Decline in 2018 Slow demand and a continued case of excess supply are expected to keep pushing Dubai rents downward this year, according to industry analysts. As of January, prices were down 7.43% year-over-year, and they’re expected to drop "by a mid-single-digit percentage" in 2018. "While sale prices are expected to stabilize in Dubai residential market in 2018, rental levels are likely to decline further," researcher Craig Plumb of JLL said. Gulf News
An A$350 Million Residential Tower Will Be the Tallest Building in Perth’s Applecross A 30-story, 173-apartment residential building will be the tallest in the Perth, Sydney, suburb of Applecross and is already attracting early buyers. Prices will range from a A$410,000 (US$321,608) one-bedroom to larger top-floor apartments asking as much as A$1.8 million (US$1.4 million). Amenities are set to include a gym and wellness area, private dining room, music room and "theatrette." Domain
Hong Kong Developers Expected to Report Strong Half-Year Results Major Hong Kong homebuilders are expected to announce half-year and full-year earning results soon, with experts predicting robust numbers due to home prices that continue climbing. Morgan Stanley forecasts half-year earnings between 19% and 250% for several major builders. Raymond Cheng of CIMB Securities noted "positive market sentiment, higher-than-expected land prices, and strong demand" as driving factors. South China Morning Post
Fewer Super Prime Properties Entering the Rental Market in England’s Home Counties Though the sales market in the Home Counties—sought-after counties surrounding London—is picking up steam, fewer super prime properties in the area were put up for rent during 2017. Rentals in the area tend to pick up when the sales market slows and vice versa. Jemma Scott of Knight Frank noted that "a more active sales market has tempted a number of accidental landlords and tenants" back to the sales market after new stamp duty regulations had previously caused them to balk. PropertyWire
AROUND NEWS CORP
The Alleged $1.2 Billion Ponzi Scheme Sapping L.A.’s Trophy-Home Market [The Wall Street Journal]
Luxury Lighting Trends [The Times of London]
New-Home Sales Collapse in January as Momentum Wavers [MarketWatch]
Afraid of Selling Your Home Too Soon—and Missing Out on Tons of Cash? [realtor.com]