Manila’s Luxury Homeowners See Some of the Biggest Price Gains Globally
The capital of the Philippines ranked No. 1 in the third quarter, while U.S. metros saw lackluster performance in high-end home values. Read More
BY THE NUMBERS
| CONTENT FROM: JEM Private Residences, a Naftali Group Development |
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The Jewel of Miami
An architectural masterpiece, JEM introduces a simply unsurpassed level of sophistication, service, and curated amenities, including the JEM Club. The exclusive collection of meticulously designed residences offers commanding vistas that exalt light and expansiveness. JEM’s address within Miami Worldcenter establishes the neighborhood as an international focal point worthy of its prodigious name.
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TRENDING TODAY
LISTING OF THE DAY
The Gucci Family House in Rome Is Looking for a New Owner to Try It on for Size
The property includes a private pool and a massive secondary villa. Read More
DESIGNER’S CORNER
Four Ways to Reimagine the Kitchen Island
Waterfall tops, free-form shapes and double islands are trending. Read More
NEWS BITES
U.K. Home Prices Rise on a Monthly Basis Amid Lack of Inventory
House prices in the U.K. rose by nearly 1% in October, largely due to the lack of homes for sale as opposed to a turnaround in the market, which has been hit by an increase in borrowing costs, according to mortgage lender Nationwide. Prices jumped by 0.9% from September, when prices had only risen 0.1% from August. October’s price growth is the largest monthly increase since August 2022. Year over year, prices were down 3.3% in October, a lesser drop than September’s 5.3% annual decrease. The Edge Malaysia
Hong Kong Property Deals Hit Seven-Year Low in October
Property transactions in Hong Kong fell to a seven-year low in October as the city faces economic uncertainty and high interest rates. Property sales—which include apartments, car parks, commercial and industrial units—dropped by 24.9% last month to 2,925, the lowest since February 2016, while the total value hit a 10-month low at HK$30.14 billion (US$3.85 billion), said Centaline Property Agency. The agency predicts this downward trend will bring Hong Kong property transactions to a 33-year low this year. South China Morning Post
‘Succession’ Executive Producer Sells Manhattan Home
Following the end of HBO hit series “Succession,” executive producer Frank Rich has sold his New York home. Rich, who also produced “Veep” and was a New York Post film critic and a New York Times theater critic, fetched $2.95 million for his Upper West Side co-op. Located on Riverside Drive, the three-bedroom, three-bathroom home has views of both Riverside Park and the Hudson River. The 15th-floor home was first listed in the spring for $3.2 million. New York Post
Former Foreign Minister Lists Queensland Home Following Resignation
The former Papua New Guinea foreign minister, who resigned in May following fallout over a TikTok his daughter posted during an official trip, has listed a Queensland, Australia home. Australia-born Justin Tkatchenko purchased the luxe Brisbane home in 2011 for A$1.1 million (US$701,580) and first listed it last year prior to the Papua New Guinea national elections, then asking A$3.89 million. Tkatchenko took the home off the market after he was re-elected to parliament last summer. The Brisbane home features six bedrooms, a resort-style saltwater pool and a pool house with a full kitchen and gym. A price has not been set on the current listing. realestate.com.au
AROUND NEWS CORP
Elton John’s Atlanta Condo Just Sold for Millions Over the Asking Price [The Wall Street Journal]
Move Over Downsizers—Barbados Is Attracting a Younger Crowd [The Times of London]
Herschel Walker Lists His Elegant Atlanta Home for $1.35 Million [Realtor.com]
Eye-Watering Sum Aussie Renters Pay Every Five Years [news.com.au]
