Luxury Real Estate Blog and News
A landmark Beverly Hills property purchased by British developers for $500 million in 2007 was sold Monday to Asian investors for $148 million.
Singapore property magnate Kwek Leng Beng is in discussions to sell a parcel of land in Malaysia that could be the most expensive in the country’s history.
Foreign real estate investors interested in buying land in Brazil could face a tightening of restricitions as the country cracks down on ownership over food security issues. Those who have already bought land and large rural properties by creating Brazilian companies face title deeds being revoked under tough measures that are currently being drawn up, it has been confirmed. Government officials have confirmed that official policy is that foreigners should not be allowed to buy agricultural land.
A prime Ho Man Tin site sold yesterday for HK$10.9 billion - beating records and market expectations and reflecting developers' bullish views on the luxury market. Sun Hung Kai Properties beat out seven other bidders for the 173,800-square-foot lot on Fat Kwong Street with gross floor area of 864,200 sq ft. It will build luxury homes on the site. Market estimates for the site ranged from HK$7.15 billion to HK$10.6 billion
A plot of luxury Hong Kong land went for a record price at auction Tuesday, defying an effort by the government to temper the top end of the real-estate market.