A Saudi Royal’s London Home Lists for £250 Million—the Most Expensive in the Country
The palatial 40-bedroom home sits on a lake within London’s Regent’s Park. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
A Back Bay Boston Duplex Good Enough for a Governor
In the 1920s, the whole building was the single-family home of two-term Massachusetts Gov. Alvan T. Fuller. Read More
TAX TALK
Who Would Benefit From the Arizona Bill to Eliminate Property Taxes?
While homeowners with paid-off property would see a complete tax exemption, those with reverse mortgages would see a significant hike. Read More
NEWS BITES
112-Year-Old Edwardian House in Victoria, Australia, Hits the Market
An Edwardian-era house in Richmond, Victoria, that was built circa 1910 hit the market with a price guide between A$1.955 million (US$1.32 million) and A$2.15 million. The home has four bedrooms, two bathrooms, and features high ceilings, stained-glass windows, bay windows, exposed brick walls and polished concrete floors. The seller is Lauren Ostrowski Fenton, a life coach and meditation teacher, whose YouTube videos have recorded more than 43 million views since 2009. realestate.com.au
Debt-Ridden Chinese Developer Is Taking Advantage of Hong Kong Stock Market Rally
China Vanke, the country’s second-biggest developer by sales, took advantage of the recent rally in the Hong Kong stock market to raise capital to pay its debt. The developer has sold 300 million Hong Kong-listed shares to collect HK$3.915 billion (US$499 million), according to a filing on Thursday. About 60% of the proceeds will be used to repay its offshore borrowings and to replenish its working capital, it said in the filing. The company’s shares are trading at 31% above the level in late October, mirroring the broader market rally. South China Morning Post
Cape Town Mansion Previously Owned by the Notorious Gupta Family Sold
A sprawling mansion in Cape Town, South Africa, that was once owned by the notorious Gupta family has finally sold, according to the agent Richard Huxham-Hardie from Hardie Property. The seven-bedroom, six-bathroom mansion was asking R20 million (US$1.1 million). The Gupta family bought the mansion in 2005 from the son of former British Prime Minister Margaret Thatcher, Mark Thatcher, for R17 million. It was seized by the government after the family, which owned a variety of business interests including computer equipment, media and mining, was charged with corruption. The South African
Film Director Marc Forster Cuts $2.3 Million off the Price of His Los Angeles Home
German-born film director Marc Forster has relisted his home in the Pacific Palisades neighborhood of Los Angeles for $12.7 million, a $2.3 million reduction from what he originally wanted three years ago. Designed by famed architect Richard Neutra in the early 1930s, the gated property features a Bauhaus-inspired main residence and a work studio/guesthouse with a combined 4,300 square feet of living space, including five bedrooms and six bathrooms. Mr. Foster, best known for films such as “Monster’s Ball,” “Finding Neverland,” and “Christopher Robin,” bought the property in 2009 and renovated it with the assistance of restoration architect Mark Haddawy. Dirt
AROUND NEWS CORP
Foreign Buyers, Who Nearly Disappeared During Covid, Finally Return to the U.S. Housing Market [The Wall Street Journal]
What You Get for £900,000 in North Yorkshire, Cumbria, Surrey, South Ayrshire and Sweden [The Times of London]
America’s Hot Mess of a Housing Market Just Got a Little Bit Uglier—Here’s Why [Realtor.com]
Aussies in the Lurch as Rate Hikes and Soaring Construction Costs Hurt Building Approvals [news.com.au]
