Luxury Real Estate Blog and News

Developers are hoarding flats, aggravating Hong Kong’s home shortage

June 20, 2018 - Hong Kong
A group of developers in Hong Kong are disputing suspicion that they are hoarding flats, an act anathema to the government’s efforts to address the housing affordability crisis.

New Zealand softens ban on foreigners' home ownership

June 19, 2018 - New Zealand
New Zealand's government has softened its stance on foreign ownership of homes, rewriting a proposed law banning non-residents from investing in housing.

Realtors abandoning China's resort island as sales plunge

June 15, 2018 - Hainan
Home transactions in Hainan plunged 14 percent on the month and 41 percent year-on-year in May, according to real estate research firm CRIC.

Trump talks about the beaches and real estate potential in North Korea

June 14, 2018 - North Korea
US President Donald Trump heaped some praise on the real estate prospects of North Korea after his summit yesterday with its leader Kim Jong-un.

Second home ownership rises in Britain

June 14, 2018 - England
A backlash against second home owners in England is gaining pace with people voting to make sure new homes are only able to be bought by local people.

Tax to be imposed on idle flats in Hong Kong

June 12, 2018 - Hong Kong
Sources say the Hong Kong government has decided to impose a vacancy tax on property developers that hold on to completed units, RTHK reports.

Achilleion, Colombo's first 7-star luxury residence launched

June 11, 2018 - Sri Lanka
Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project.

Akihisa Hirata completes tree-ness house in Tokyo

June 08, 2018 - Tokyo
Japanese studio Akihisa Hirata has designed the ‘Tree-Ness House’, a multi-story complex that replicates the structure of a tree.

Raffles City Chongqing boasts ‘world’s highest sky bridge’

June 07, 2018 - Yuzhong
Raffles City Chongqing, a project headed by the architect Moshe Safdie, will boast 134,000 sq m of homes, shops, offices, entertainment, transportation links and a public park.

Hong Kong parking space sells for US$760,000

June 06, 2018 - Homantin
A parking bay in Hong Kong's Ho Man Tin area sold Tuesday for HK$6 million (US$760,000), setting a new record in the Chinese SAR, the South China Morning Post reported.