A C$35 Million French Chateau is the Priciest Home Listed in Canada
The four-acre Toronto property was originally owned by Robert Campeau, who modeled it after a 17th-century Loire Valley residence. Read More
BY THE NUMBERS
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A 10-Bedroom Beach Paradise in One of Miami’s Most Exclusive—and Secure—Neighborhoods
The area, popular with athletes and celebrities, offers beach access and recreational activities. Read More
TAX TALK
How Can I Tell If I’ve Overpaid My Stamp Duty Taxes?
Checking your records carefully and consulting an expert are key. Read More
NEWS BITES
Knightsbridge Flat Most Expensive Residential Transaction in London Land Registry data by London Central Portfolio reveals that the £90 million (US$115 million) sale of a four-bedroom penthouse in April was the most expensive residential transaction on record in London. Ashley Tabor, who owns Capital FM, purchased the home, with plans to combine it with his existing home to create a 15,000-square-foot "super-flat." Although it’s possible that larger transactions took place, this is the largest Land Registry transaction. City A.M.
Spring Sales Heat Up in Brisbane Property sales and buyer competition are way up in Brisbane thanks to the start of the busy spring season, according to the property research firm CoreLogic. An additional 1,000 auctions per week are expected to be held in the capital cities over the next three months, jumping up from about 1,500-2,000 a week to 3,000 a week in the spring. Experts say it is an ideal time to sell in terms of getting the highest price, but also a more competitive time to buy. Realestate.au
Hong Kong Housing Market Slows Down In July, Hong Kong’s prices for pre-owned homes increased at the slowest rate in three months, indicating that the 16 months of consecutive price growth may be losing momentum. In July, the monthly home price index, which measures the resale property market, rose by only 0.3 of an index point, or .1%, a slowdown from a .74% gain in June and a 1.21% gain in May. Hong Kong home prices have skyrocketed in the past 16 months, growing 24% from April 2016, and making the city the world’s most expensive urban center. South China Morning Post
Buyers from China Account for Most of Malaysia’s Property Deals Even though foreign real estate investment by the Chinese dropped by 82.1% in the first half of 2017, according to PropertyGuru, the Chinese are still very interested in purchasing land and property in Malaysia. According to Knight Frank, Malaysia was the third-ranked property market for Chinese developers, and investors from mainland China accounted for 35% of foreign property deals in Malaysia.. Free Malaysia Today
Former Avon CEO Flips Ultra Luxury Park Avenue Apartment at a Loss Just over a year after she bought it for $17.6 million, former Avon CEO Andrea Jung sold her five-bedroom Upper East Side duplex for $17 million. Ms. Jung listed the apartment, in Toll Brothers’ 1110 Park Avenue, for $18 million in June. The $600,000 loss is seen as proof that the ultra-luxury market in Manhattan continues to weaken. The Real Deal
AROUND NEWS CORP
European Castles: Easier to Buy Than You Might Think [The Wall Street Journal]
6 Reasons Good Homes for Sale Are Harder to Come By [MarketWatch]
The Fascinating History Behind NYC's Stables-Turned-Real Estate [New York Post]
'I Hated Living in a Landmark Building': 3 Surprising Downsides of Historic Homes [Realtor.com]