Infrared Blankets and Boxing Rings: These Residential Developments Will Put Any New Year’s Wellness Goal to the Test
New urban residential buildings from New York to Miami are responding to booming interest in wellness with ever more niche amenities. Read More
BY THE NUMBERS
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Half- and Full- Floor Condominiums Near Madison Square Park
Brand new 2 – 3 bedroom residences connected by a central garden. Designed with sustainability in mind, many residences offer private planted spaces, creating a seamless transition between interiors and the outdoors. Amenities include a residents’ lounge, fitness center, lushly planted garden and indoor parking. Minutes from Madison Square Park, with panoramic landmark views.
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TRENDING TODAY
LISTING OF THE DAY
This $18.5 Million Spec House Is Tucked Away in the Heart of Harvard Square
The Cambridge, Massachusetts, contemporary new build has a bar, a gym, a spa, an outdoor kitchen and the latest technology. Read More
THE INSIDERS
Sometimes Beautiful Interior Design Is Just What the Doctor Ordered. Meet ‘Neuroaesthetics.’
Ginger Curtis, founder of Dallas-based firm Urbanology, talks about the healing power of natural light and decluttering. Read More
NEWS BITES
China to Focus on Renters Amid Property Slump
The Chinese government, via the People’s Bank of China and the National Administration of Financial Regulation, has announced that it will focus on boosting the supply of rental units in large cities over the coming year. While Chinese consumers remain reluctant to purchase homes at the moment, property prices in the nation’s metropolises still remain out of reach for young workers, motivating the Chinese government to take this supply-elevating action. South China Morning Post
Luxury Condo Sales, Prices Suffer Under Singapore’s New Stamp Duty
Want to take the wind out of a market? Introduce a new tax. Sales and prices for luxury homes in Singapore came crashing down in the second half of 2023 after the nation introduced the Additional Buyer’s Stamp Duty (ABSD). According to international property consultancy Knight Frank, the nation saw 64 prime non-landed residential transactions totaling S$503.9 million (US$379.3 million) in the second half of 2023, with prices averaging S$2,302 per square feet—a drop of more than 50% year over year, from 134 sales in the second half of 2022, totaling S$1.2 billion at an average price of S$2,625 per square foot. The ABSD, which went into effect in April, doubled the stamp duty paid by foreign buyers to 60%. The Business Times
New Luxury Development Near New Delhi Sells out in Three Days
It only took about the length of a weekend for India’s biggest real estate developer to sell out their latest project. According to an exchange filing, DLF Ltd. sold all 1,113 luxury units, including four-bedrooms apartments and penthouses, across the seven towers of their new DLF Privana South project in Gurugram, a city near New Delhi, in three days for a total of 72 billion rupees (US$865 million). Non-resident Indians accounted for one-quarter of the sales of the development, which is spread over 116 acres and has yet to even start construction. The speedy sellout is just the latest run on luxury goods in the nation, which is seeing a trend of the well-off spending on high-end products as incomes rise in one of the world’s fastest-growing economies. The Times of India
A Cautionary Tale of Co-Ownership in Vancouver
Marilyn Dawson, the co-owner of a C$3 million (US$2.24 million) home in Vancouver’s Kitsilano neighborhood has petitioned the courts to force a sale of the property after claiming the living situation has become “unbearable.” Dawson has been living with co-owner Charlotte Joan Currie for the past four years at the home under a “tenants in common” arrangement, an agreement that allows strangers to live together in a property that neither could afford on their own. The program has become increasingly popular in Vancouver as home prices continue to rise. Dawson, who’s conflicts with her co-owner range from the interpersonal to issues around home maintenance, is asking the B.C. Supreme Court to force a sale, under the Partition of Property Act, and split the proceeds evenly between the parties. Vancouver Sun
AROUND NEWS CORP
Buying Home and Auto Insurance Is Becoming Impossible [The Wall Street Journal]
Call for Downsizers to Be Spared Stamp Duty to Ease Housing Crisis [The Times of London]
The Hottest Bathroom Decor Trends for 2024, According to the Design Pros [Realtor.com]
Melbourne Rent Skyrockets Almost A$100 a Week in a Year [news.com.au]
