Uber-Luxury Sales Fall Globally, but Remain Above Pre-Pandemic Levels
Deals were down 13% annually in the 12 cities monitored by Knight Frank. Read More
BY THE NUMBERS
| CONTENT FROM: 200 Amsterdam |
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Debuting Premier Full Floor Residence, 41
Presenting the most versatile, classically composed, four-bedroom residence with epic Central Park and Hudson River views. Discover 200 Amsterdam’s Penthouse Collection, crowning its landmark tower. At 80% sold with limited inventory remaining – 200 Amsterdam is the top selling building in NYC. 3-5 bedrooms, full floor & duplex residences from $5.35M. Immediate Occupancy.
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TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
Inside the Las Vegas Home KISS’s Gene Simmons Sold
After two years, the musician has decided to move on from Sin City. Tour the lavish house he sold for $11 million earlier this year. Watch Now
LISTING OF THE DAY
A 120-Year-Old Mill in the Heart of Massachusetts’s Berkshire Mountains Makes for a Sprawling Artist’s Home
The owner converted the 13,000-square-foot industrial building into a two-bedroom home with large art and recording studios. Read More
TAX TALK
How Do I Get My Home Reassessed in San Francisco?
The process isn’t complicated, but you have to start now as the window to file a formal appeal this year closes this week. Read More
NEWS BITES
South Korea Home Prices Overvalued, According to Country’s Central Bank
Housing prices remain overvalued in South Korea compared to the general economy, according to the country’s central bank. In addition, household debt levels are excessive. “Housing prices remain at a high level, out of sync with income, and the housing price-to-income ratio is very high even compared with major countries,” the Bank of Korea said in its monetary credit policy report on Thursday. The country’s house price-to-income ratio is 26, according to cost-of-living data website Numbeo.That means a citizen needs to save 26 years of annual income to buy a house—more than double the median ratio of other countries, the Bank of Korea said. The Business Times
Alex Trebek’s Former Los Angeles Mansion Is a Teardown
The nearly 10,000-square-foot Los Angeles mansion of the late “Jeopardy!” host Alex Trebek has been demolished. The property, which sold last May for $6.45 million, was home to Trebek for more than 25 years—until his death in 2020 at the age of 80. Trebek also was the handyman of the house, fixing issues himself and once bought out an entire hardware store for DIY renovations. Permits for demolition were issued in February. TMZ
London, Ontario, Is First City Approved for Canada’s National Housing Accelerator Fund
Upward of 2,000 new housing units are set to be built in London, Ontario, over the next three years, according to government officials. The city is the first to sign a deal under the new C$4 billion (US$2.96 billion) national housing accelerator fund, which was announced in the 2022 federal budget but applications weren’t accepted until July. Prime Minister Justin Trudeau said he was issuing a challenge to other mayors to “step up with their proposals” and “build more homes faster,” adding that London’s proposal was “absolutely visionary.” It calls for creating high-density housing developments without the need for rezoning and allows four units to be built on a single property even in low-density neighborhoods. London will receive C$74 million toward the housing projects. BNN Bloomberg
New 55-Story Residential Tower Planned for Sydney
Hyde Metropolitan, a planned residential tower in Sydney, has gotten the green light for construction, aiming to bring 168 apartments over 55 levels to the city. Developed by local firm Deicorp, prices range from A$1.3 million and A$12.5 million (US$837,746 to US$8.05 million). “Deicorp is delighted to have been given the final go-ahead from the City of Sydney’s Central Sydney Planning Committee to deliver this truly spectacular apartment building,” said Deicorp’s founder Fouad Deiri. realestate.com.au
AROUND NEWS CORP
Over Floor-to-Ceiling Windows? Try This Elevated Option Instead [The Wall Street Journal]
What You Get for £2 Million in Gloucestershire, Devon, Essex, Edinburgh and Greece [The Times of London]
The No. 1 Reason Why so Many Home Buyers Are Unable to Become Homeowners [Realtor.com]
Iconic Bruno Steel House in Texas Lists for $2 Million [New York Post]
