Luxury Real Estate Blog and News

Is there a property oversupply in Singapore?

December 06, 2019 - Singapore
An oversupply of flats threatens to lower Singapore’s property prices, the city state’s central bank has warned.

Apartments in Kuwait lie vacant as expats leave the country

December 04, 2019 - Kuwait
Kuwait’s property market has been hit by the increase in the number of expatriates leaving the country, with several apartments now lying “vacant”, local daily Kuwait Times reported.

Expat exodus taking its toll on Saudi real estate market

November 28, 2019 - Saudi Arabia
Around 1.9 million expats have left Saudi Arabia in the past two years, with their exit taking a toll on the country's real estate market, a recent report found.

Lake Tahoe real estate market dips

November 22, 2019 - Lake Tahoe
The Lake Tahoe real estate market slowed down in the first six months after a stormy winter in comparison to the same time last year.

Shenzhen Abolishes Luxury Real Estate Tax

November 13, 2019 - Shenzhen
Shenzhen’s housing and construction bureau announced on Monday that all residential apartments smaller than 144 square meters in the southern city will be exempted from the luxury home tax.

Listed at $250M, Bel Air mansion sells for $94M

October 31, 2019 - Bel Air
The most expensive house in the US had an original asking price of US$250 million. It has just been sold for US$94 million.

Zhuhai announces tender for plot near Hong Kong-Zhuhai-Macau Bridge

October 08, 2019 - Zhuhai
Zhuhai has announced a tender process for what will be one of the largest hotel and exhibition centres near the Hong Kong-Zhuhai-Macau Bridge.

Is it really a Terrible Time to Buy a Home in Hong Kong ?

October 02, 2019 - Hong Kong
According to Citibank, Hong Kong residents predicting a drop in home prices doubled to 56 percent from 28 percent last quarter.

Hong Kong to sell its priciest plot of land ever

September 26, 2019 - Kowloon Station
Hong Kong government to sell off site on top of West Kowloon station expected to fetch record US$11.5 billion.

British abandon French luxury property market because of Brexit

September 23, 2019 - France
The number of British buyers of luxury property in France has dropped by 40% in less than five years due to Brexit and the weakening of the pound sterling.