Rush Limbaugh Puts NYC Penthouse Up For Sale

March 04, 2010 - New York

Conservative talk radio blowhard Rush Limbaugh has put his Fifth Avenue penthouse on the market.

Limbaugh promised that he'd sell his Manhattan apartment last March after the Paterson administration proposed raising taxes on New York residents who make more than $500,000 a year.

The 20th-floor penthouse at 1049 Fifth Avenue, which Limbaugh purchased in 1994 was officially listed two weeks ago for $13.95 million.

London Luxury-Home Prices Increase the Most Since March 2008

March 01, 2010 - London

Luxury-home prices in central London jumped 17 percent in February from a year earlier, the biggest gain in almost two years, as more buyers competed for a dwindling number of properties, Knight Frank LLP said.

The value of houses and apartments costing more than 1 million pounds ($1.5 million) rose 3.2 percent from January, the London-based property broker said in an e-mailed statement today.

The annual increase was the largest since the market peaked in March 2008 and compares with an 11.5 percent advance in January. Prices are still 10 percent lower than the peak.

“The continuation of the growth in prices and the recent increase in the speed of such growth has been caused by a dramatic shortage of supply,” Liam Bailey, head of residential research at Knight Frank, said in the statement.

Kenwood Place – London's new trophy address

February 11, 2010 - London

Knightsbridge has One Hyde Park, Kensington has Phillimore Square and now Hampstead and Highgate have Kenwood Place.

Arguably North London’s most exclusive new trophy address offers the very best of the best - Belgravia luxury in the leafy historic suburbs of N6.

This new collection of exquisite apartments offers a rare opportunity to live next to Hampstead Heath and its 800 acres of open countryside, parkland and woods.

Mission Hills Hotel & Apartment, Dongguan

February 10, 2010 - Shenzhen

Situated just steps away from the Mission Hills golf course and Asia’s largest golf clubhouse, residents at this project will enjoy both the amenities of a golfing lifestyle and the serenity of Mingyue Lake and the surrounding hills.

The modern, resort-style service apartments, conceived by Hong Kong’s PAL studio, range from 58 sq m to 108 sq m and feature wide terraces designed to invite the scenery into the home.

The neighbouring club house offers an array of amenities including restaurants, shopping boutiques, entertainment and a spa.

Wealthy Chinese snap up luxury property in Hong Kong

February 05, 2010 - Hong Kong

Cash rich mainland Chinese buyers are snapping up luxury flats in Hong Kong which they regard as a good investment at a bargain price, according to research.

Almost one in five luxury flats sold in Hong Kong last year, that is property worth more than HK$10 million, went to a buyer from the Chinese mainland, transaction data from Centaline Property Agency shows.

Singapore Home Prices to Lag Behind Hong Kong on Building Boom

February 03, 2010 - Singapore

A bungalow on Singapore’s Ocean Drive, a stretch of luxury homes lined with Bentleys and Ferraris, sold for a record S$30 million ($21 million) in October.

In Hong Kong, a duplex a third the size went for almost three times as much the same month.

Singapore’s luxury-home prices won’t match Hong Kong’s because an increase in building ahead of two casino projects in the city-state will see nine times the number of new apartments going up over the next three years than in Hong Kong, according to real estate broker Savills Plc.

The Cullinan, Hong Kong

January 25, 2010 - Kowloon

Named after the 3,106-carat Cullinan diamond−found in 1905 and the world’s largest known diamond−this lofty project has effectively become the focal point of Kowloon’s skyline.

At 270 metres, the Cullinan I tower is Hong Kong’s tallest residential building.

The tower houses 852 luxury apartments, with standardsizes between 83 and 213 sq m, and two crown triplex suites on the 91st to 93rd floors, which encompass over 372 sq m, plus have six bedrooms, private pools and roof gardens.

Zephyr Point, Kuala Lumpur

January 22, 2010 - Kuala Lumpur

Inspired by Zephyr, the Greek god of the West Wind, Zephyr Point introduces a boutique development designed to capture both KL’s gentle winds and its impressive skyline.

Located in Damansara Heights, the low-density development includes only seven highly exclusive units – three penthouses (930 and 1,070 sq m), and four three-storey villas (740 to 880 sq m).

Singapore Swing

January 22, 2010 - Singapore

Sudden moves in property prices used to be rare in the staid real estate market of Singapore, but since early 2008, the city has seen a sudden surge in interest in private property.

The Lion City is starting to show some of the same kind of volatility and speculative interest that has long been a feature in Asia’s other citystate, Hong Kong.

The number of new sales in high-end residential real estate crossed the 1,000-apartment barrier in the second quarter of this year.

Second Bali airport to boost North Bali property investment

January 06, 2010 - Bali

Construction of a second Bali airport, to be completed by 2011, is expected to particularly impact on beachfront property investment opportunities in the north Bali Lovina Beach area with its beautiful tourist attractions and relaxing lifestyle.

Bali´s Governor Made Mangku Pastika has confirmed that Bali will move ahead with plans to build a second airport near its northern shore and the plans have been endorsed by both the Vice President and the Minister of Culture and Tourism.