Luxury Real Estate Blog and News
Nearly US$3 trillion of the world’s private wealth is held in owner-occupied residential properties.
PropGOLuxury.com, a wholly owned brand of Asia Interactive Corp (“AIC”) closes a momentous Private Placement investment round!
The HK Governments policies to make housing more affordable are starting to work. As property transactions have plummeted over the last 8 months, Hong Kong’s landlords looking to sell their properties are starting to do the following: Photo 2 – agency window with scratch offs and price reductions. 1. Motivated landlords are offering deep discounts of 10%-20%+ to sell their flats to buyers. 2. Landlords keeping their flats without tenants in the hopes of selling to cash in on all time high property prices are giving up and looking for tenants to start to generate rental income = More Rental Inventory coming online every month.
Christie’s, the world’s leading art business, recently opened Christie’s Private Property, a specialist real estate acquisition service for international buyers wishing to purchase a residence in London’s prime residential neighborhoods.
Christie’s International Real Estate is the only luxury network wholly owned by a fine art auction house and the world’s leading art business. Last month’s Magnificent Jewels sale at New York’s Rockefeller Center underscored why this synergy distinguishes the Christie’s brand.
Christie’s International Real Estate is the only luxury network wholly owned by a fine art auction house and the world’s leading art business. This month’s sale of Magnificent Jewels at the company’s North American headquarters at New York’s Rockefeller Center underscored why this synergy distinguishes the Christie’s brand. The sale’s top lot was The Clark Pink, a cushion-cut fancy vivid purplish-pink diamond ring of 9.0 carats by Dreicer & Co., circa 1910 from the Estate of Huguette M. Clark. Christie’s achieved US$15,762,500 for the extraordinary stone—believed to have been stored in a bank vault since the 1940s—setting a new auction record for the most valuable pink diamond sold in the United States.
Hong Kong's property sales transactions have dropped approximately 40% from 7,500 per month in 2010 to 4,500 per month in 2011 for the months of September, October, November. Register to get Hong Kong Property Transactions Emailed to you Monthly >> Click Here The big question everyone has: If fewer people are buying why have prices remained at historically high levels?... Is a major market correction coming soon to Hong Kong property market?
The second edition of LPS Beijing, the Luxury Properties Showcase, attracted over 4,500 VIPs and generated property transactions in all corners of the world before its graceful ending on Sunday November 6th, 2011. . The event took place over three days at the prestigious Legandale Hotel and welcomed the world’s most renowned real estate brands: Ritz-Carlton Residences, Banyan Tree Residences, CB Richard Ellis, Coldwell Banker, Prudential, Century 21, Jones Lang LaSalle, Clearwater Bay and many others. Feedback from the exhibitors has been enthusiastically positive: