U.S. Rents Growing at the Slowest Rate Since the Start of the Pandemic
April marked the ninth month in a row that rents increased annually by a single digit, which should be “promising” news for renters. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: 200 Amsterdam |
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Introducing The Penthouse Collection at 200 Amsterdam
A rarified offering of two expansive Duplex Penthouses and five full-floor, three- and four- bedroom residences crowning the elegant new landmark tower on the Upper West Side. At 200 Amsterdam, three floors of considered amenities, including the Club & Spa with 75-foot Saltwater Pool and Little Composer’s Room, foster a sense of tranquility and balance. Priced from $17.9M. Immediate Occupancy.
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TRENDING TODAY
SPECIAL REPORT
Thailand’s Hua Hin Offers Stunning Beaches, Waterfront Living and a ‘Hot’ Golf Game
The once quiet resort town has become a popular international escape with abundant amenities. Read More
LISTING OF THE DAY
‘The Pantry Is the Size of My Bedroom’—Welcome to the Largest House for Sale in Greater Miami
Spanning 27,800 square feet on more than 18 acres, this expansive estate includes meticulously landscaped grounds, a glass-domed atrium and its own lake. Read More
TAX TALK
Are Property Taxes the Same for All Types of Homes in Singapore?
Property taxes in Singapore are calculated on a progressive scale, but lower rates are afforded to primary residents. Read More
NEWS BITES
Dubai Sales Drop for the First Time in 2023
Dubai property’s market dropped by 33% in total sales transactions in April and also saw an 18.3% decrease in sales value, according to a report by Allsopp & Allsopp. It was the first time sales fell since December. The dip was due to “several external factors,” such as reduced work hours, and the Ramadan, Eid and Easter holidays, which led to fewer new properties coming to the market, followed by a drop in property sales viewings and less new sales transactions by the Dubai Land Department, the report said. In addition, the early May data “shows a swift return” to first-quarter sales levels. Arabian Business
Hong Kong Sales Slow After Short-Lived Uptick in the First Quarter
Despite a relatively active first quarter, home sales in Hong Kong have slumped, and prices are now on a “downward trend” likely to last until next year. Fewer than 80 transactions have been registered in the city each week since the end of March, with one week seeing just 35 sales, according to Midland Realty data. The downturn follows a 7% increase in home prices in the first quarter, according to Ken Yeung, a property analyst with Citi. “Hong Kong residential transaction volumes have been weakening since March 23, which was quite a surprise to us how short-lived this round of recovery was,” he said. South China Morning Post
Music Bigwig Brandon Silverstein Was the Buyer of Angela Lansbury’s Longtime Home
The mystery buyer who recently paid $500,000 over the asking price for a Los Angeles residence long owned by the late actress Angela Lansbury is 31-year-old music manager Brandon Silverstein.Records show Lansbury’s former Spanish-style hacienda sold to Mr. Silverstein and his wife, Julie, for $5 million, or more than $4 million over what the Broadway and Hollywood actress and her actor/producer husband Peter Shaw paid for the place almost four decades ago, in spring 1985. Dirt
Irish Government Seizes Cartel Chief’s Dublin Homes
Ireland’s Criminal Assets Bureau has made moves to seize two luxury properties tied to gang boss Ross Browning, leader of the global Kinahan drug cartel. Family members have been ordered to vacate the Dublin homes, part of €1.7 million (US$1.83 million) in alleged criminal assets facing government seizure, by mid-July. A renovated compound called Chestnut Lodge, complete with equestrian facilities, makes up the bulk of Mr. Browning’s forfeited assets. Irish Mirror
AROUND NEWS CORP
Why Wealthy Home Buyers Are Flocking to Puerto Rico [The Wall Street Journal]
What £3 Million Buys You in London, Devon, North Yorkshire and Mallorca [The Times of London]
Do You Really Need Two Kitchens? Why This Hot Trend Can Break the Heart of Your Home—and Ruin Your Life [Realtor.com]
More Than 27,000 New Home Projects Shelved by Crisis-Hit Construction Industry [news.com.au]
