Upscale Retirement Community Planned For Chicago Lakefront
October 31, 2009 by admin
Filed under Luxury Houses For Sale
850 Lake Shore Drive, an icon on Chicago’s skyline 850 Lake Shore Drive, an icon of Chicago’s skyline Integrated Development Group (IDG), a Chicago area-based firm that creates innovative and extraordinary living communities for affluent seniors, has chosen Chicago’s Booth Hansen Architects to renovate and retrofit 850 Lake Shore Drive for occupancy in 2012.
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Beach Properties of Florida Sees Smoother Sailing
October 29, 2009 by admin
Filed under Luxury Houses For Sale
Recently, I had the opportunity to sit down with Beach Properties of Florida Co-Owners and Sales Executives Price Rainer and John David Sullivan, and Sales Executive Bobby Johnson, and pick their brains about what’s happening in the South Walton Real Estate market. They seem relatively confident that some positive changes are on the horizon for their waterfront property boutique real estate agency in South Walton. Below are a few highlights of our conversation:
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Luxury Real Estate News Roundup 10/27
October 28, 2009 by admin
Filed under Luxury Houses For Sale
Another Hong Kong Luxury Real Estate Bubble; Bulgarian Luxury Property Prices Slump 40% and the Biggest Real Estate Deal in New York Heads Towards Becoming the Biggest Foreclosure Instead and Yet Another “Mortgage Vehicle” Hits The Market
After new Hong Kong mortgage rules were introduced to curb another bubble in the luxury property market due to an influx of Chinese stimulus money, shares in Hong Kong property companies slumped, dragging down the Hang Seng by 1.6%, according to MarketWatch.
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Hong Kong Luxury Property Bubble Worries Central Bank
October 27, 2009 by admin
Filed under Luxury Houses For Sale
Following on from a new record high price for a luxury apartment in Hong Kong last week, regulators have moved to slow things down in the ultra-high end of the market. Although the rest of the market is still suffering, a good proportion of the recent Chinese government stimulus money seems to be making it’s way into luxury real estate in Hong Kong and fears of another bubble have prompted the cetral bank to up the deposit requirements for luxury property to 40%.
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Korean Tycoons Luxury Real Estate Under Investigation
October 24, 2009 by admin
Filed under Luxury Houses For Sale
An anonymous Korean government official said that the Korean Tax Bureau (NTS) will soon send two investigators from their Seoul office to the U.S., where they will look into suspected tax problems with the Hyosung family’s US luxury real estate purchases.If you are unfamiliar, the Hyosung family owns Hyosung motors and a number of other companies.
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Luxury Real Estate in Dubai Not Appealing
October 23, 2009 by admin
Filed under Luxury Houses For Sale
The consensus amongst investors seems to be to avoid the Middle East in general and Dubai in particular as the global financial crisis is still having a large impact on these markets. The over supply situation of luxury real estate in Dubai has reached epic proportions and even the large conglomerates are shying away at substantial discounts.
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Most Expensive Home in York Sold
October 22, 2009 by admin
Filed under Luxury Houses For Sale
Despite ongoing problems further down the real estate tree, this month seems the month of the record sale price in the upper end of the market. Following on from the sale of the most expensive apartment in Asia (still no confirmation on which of the several price tags is correct), now a York luxury home sells for the record price of $4.8 million.
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Luxury Real Estate in the News 10/20
October 21, 2009 by admin
Filed under Luxury Houses For Sale
I have said it before and I will say it again – An ongoing issue in the real estate market as far as I am concerned is the continuing efforts of certain sections of the real estate business, government and news media to “talk up the market,” presumably in an effort to get things moving again. Personally, I think this is a mistake and is actually having the opposite effect. Persuading the sheeple to buy, buy, buy, before they get priced out of the market!! is not the problem. Persuading the banks to lend, lend, lend!!! is the problem, and the banks are foreclosing, foreclosing foreclosing!!!! at the moment.
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Most Expensive Apartment in Asia
October 20, 2009 by admin
Filed under Luxury Houses For Sale
The “most expensive apartment in Asia,” has apparently been sold in just hours. Hong Kong developer Henderson Land, announced that the apartment in 39, Conduit Road was going up for sale just a few days ago. and it has immediately sold for a record price.
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Downtown Corpus Christi Loft Condominiums to Sell at Auction
October 17, 2009 by admin
Filed under Luxury Houses For Sale
The only lofts in Downtown Corpus Christi, will sell at real estate auction on Sunday, October 25 at 2 p.m. at the Bayfront Tower of the Omni Corpus Christi Hotel.
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