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Billionaire Lang Walker Says Sydney Home Market 'Too Hot'

Billionaire Lang Walker, founder of one of Australia’s largest closely held developers, said that home prices in Sydney and Melbourne have climbed too much, and he is turning his focus to his investment in Malaysia.

Casa AL by Studio Arthur Casas

Studio Arthur Casas have designed Casa AL, located in the hills near Rio de Janeiro, Brazil.

Foreign investors set sights on India’s property market

International property investors are capitalising on India’s new regime’s policies to pursue various real estate ventures in the country.

Higher fees and mortgage cap hitting prime property price growth in Dubai

Higher fees and the recently introduced mortgage cap are having an effect on the prime property market in Dubai with price growth weakening.

Indonesian media mogul Eddy Sariaatmadja sells $16 million Bellevue Hill trophy home

It last sold at $14.5 million in 2009 to the Indonesian media mogul Eddy Sariaatmadja from the broadcaster Emtek.

Monaco gets it first skyscraper since the 1980s as demand soars for luxury homes

The world’s wealthiest people are looking to Monaco, the tax haven on the French Riviera, to buy property due to its low tax and banking services, but there is a lack of space.

SAOTA Designs Oceanfront Oasis In South Africa

Stefan Antoni Olmesdahl Truen Architects together with interior designers Antoni Associates, have designed the Sprecher House in Hangklip, South Africa.

The most affordable inner city suburbs: RP Data’s city by city reveal

Looking at where the most affordable dwellings are within 10 kilometres of each city’s CBD, RP Data’s research analyst Cameron Kusher paints an intriguing picture of each state and territory’s apartment markets.

Why Hong Kong may face more property curbs

Despite a slew of measures aimed at damping down Hong Kong's runaway home prices, some segments of the market are heating up again, potentially spurring further tightening measures.

Companies

Asia Pacific

Demand for new mass residential units are the key driver of Hong Kong’s residential market at present with sales of other homes slowing, according to the latest monthly research report.

> New homes in Hong Kong driving the market forward as developers offer deals

Europe

There is further evidence that house price increases in parts of the UK are cooling with the latest index showing growth of just 0.1% in England and Wales in August.

> Latest index provides further evidence of UK property market slowdown

North/South America

A USD1 billion budget is being prepared by Chinese firm Yida International to build the first mega-resort in Antigua & Barbuda.

> Chinese investors to make a splash in East Caribbean mega-resort

Middle East

United Arab Emirates-based developer Nakheel is set to resume construction of an urban and tourism complex in a UNESCO World Heritage Site in Quanh Ninh province, northern Vietnam.

> Nakheel seeks funding to complete USD550 million luxury resort in Vietnam

Property Funds and Finance

Asia Pacific

Demand for new mass residential units are the key driver of Hong Kong’s residential market at present with sales of other homes slowing, according to the latest monthly research report.

> New homes in Hong Kong driving the market forward as developers offer deals

Europe

Mortgage lending in Scotland is being driven primarily by lending for house purchases, with remortgage activity showing a year on year decline, according to the latest figures from the Council of Mortgage Lenders.

> Home lending in Scotland robust in second quarter of 2014, says latest CML report

North/South America

In another indicator that the double-digit housing price gains of 2013 appear to be behind us, price increases continued to slow in June, S&P/Case-Shiller home price data released Tuesday shows.

> Housing Price Gains Hit The Brakes In June, S&P/Case-Shiller Says

Middle East

New lending rules for buying property in Dubai have been issued by the UAE central banks with limits for both nationals and foreign buyers needed a mortgage.

> UAE central bank reveals new mortgage rules

Residential

Asia Pacific

Demand for new mass residential units are the key driver of Hong Kong’s residential market at present with sales of other homes slowing, according to the latest monthly research report.

> New homes in Hong Kong driving the market forward as developers offer deals

Europe

Mortgage lending in Scotland is being driven primarily by lending for house purchases, with remortgage activity showing a year on year decline, according to the latest figures from the Council of Mortgage Lenders.

> Home lending in Scotland robust in second quarter of 2014, says latest CML report

North/South America

Last year, a penthouse at Faena House became the priciest-ever condo to list in Miami Beach when it went on the market with a price tag of $50 million.

> A Miami Beach Condominium to Ask $50 Million

Middle East

Dubai Marina continues to be the most popular location in the emirate for buyers and tenants, but Dubai Sports City is fast growing in popularity, according to the latest data report.

> Dubai Marina proving popular with buyers and renters

Commercial

Asia Pacific

THE apartment boom is set for its biggest test yet, with private equity giant Blackstone calling in real estate agencies CBRE and JLL for advice on the future of Gold Fields House that sits right on Sydney’s Circular Quay.

> Blackstone Gold Fields deal puts Circular Quay in play

Europe

A U.S. investor has appointed NAI apollo group to take on the asset and property management of a 277,000-sqm property portfolio.

> U.S. investor selects NAI apollo for asset and property management of a German property portfolio

North/South America

A USD1 billion budget is being prepared by Chinese firm Yida International to build the first mega-resort in Antigua & Barbuda.

> Chinese investors to make a splash in East Caribbean mega-resort

Middle East

Growth is being recorded across most of Dubai’s key commercial real estate markets as the emirate’s economy rebounds, creating increased occupier demand.

> Improving economy boosting growth in Dubai’s commercial real estate sectors

Retail

Asia Pacific

A major Chinese group is the surprise purchaser of the Sofitel Hotel on Queensland’s Gold Coast, pledging to pay more than $80 million for the property, as mainland players set the pace for hospitality assets.

> Chinese pay $80m for Gold Coast Sofitel

Europe

A U.S. investor has appointed NAI apollo group to take on the asset and property management of a 277,000-sqm property portfolio.

> U.S. investor selects NAI apollo for asset and property management of a German property portfolio

North/South America

The 8.7-acre Surf Club—controlled by Miami-based real estate investment group Fort Capital Management—is planned as a mixed-use complex with 151 condo units, a 77-room hotel and a large retail component.

> $820 Million Earmarked For South Florida By Blackstone

Middle East

Dubai’s residential market witnessed a sharp decline in the first half of the year due to higher mortgage caps and steeper transfer fees that curbed buyer sentiment, according to a Knight Frank report.

> Dubai property market prices decline in H1 2014

Industrial

Asia Pacific

Diversified property funds investor Charter Hall will focus on expanding its funds under management through the purchase of assets and an increased level of co-investments in the industrial and retail property sectors.

> Charter Hall's yearly results meet expectations

Europe

A U.S. investor has appointed NAI apollo group to take on the asset and property management of a 277,000-sqm property portfolio.

> U.S. investor selects NAI apollo for asset and property management of a German property portfolio

North/South America

When furniture designer Kristen Wentrcek moved her business into a shuttered Pfizer plant in Brooklyn, N.Y., she changed the light bulbs herself and used power tools to rip out a bank of metal pill cabinets.

> Redeveloping New York Factories Into Small Business Hubs

Middle East

One only needs to look beyond its iconic skyline at mile after mile of sand to be reminded that Dubai is first and foremost a desert city. With summer temperatures often reaching a sweltering 104 degrees Fahrenheit, or 40 degrees Celsius, the air conditioned walkways of Dubai’s many shopping malls provide a safe haven from the scorching sun.

> A $6.8 billion price tag for a giant climate-controlled indoor city in Dubai

Infrastructure, Hotels & Mixed Business

Asia Pacific

MGM Resorts International is planning to establish a world-class casino resort in central Tokyo’s Tsukiji Market after it relocates by 2016.

> MGM Resorts mulls over building casino resort in Tokyo’s fish market

Europe

Frankfurt's new Gateway Gardens district has just become home to the first Element Hotel in Europe. Conceived as an “extended stay hotel,” the Element Frankfurt Airport opened for business on 29 August 2014.

> Bari Group opens hotel at Gateway Gardens

North/South America

A USD1 billion budget is being prepared by Chinese firm Yida International to build the first mega-resort in Antigua & Barbuda.

> Chinese investors to make a splash in East Caribbean mega-resort

Middle East

Starwood Hotels & Resorts Worldwide announced that it will debut the St. Regis brand in Kazakhstan’s lively capital city with the opening of The St. Regis Astana and The Residences at The St. Regis Astana

> The St. Regis Astana and The Residences at The St. Regis Astana to Open in 2017

Lifestyle

Asia Pacific

AN increasing emphasis on cash-yielding properties has driven retirement village landlord Ingenia Communities to nearly double underlying profit to $11.6 million for the year to June.

> Ingenia portfolio play pays with $11.6m profit

Europe

Both Budapest and Zurich registered impressive surges in gross operating profit per available room (GOPPAR) of 32.7% and 31.4% respectively in July, according to the latest data from HotStats.

> July’s profit surge for Budapest and Zurich

North/South America

REITs — agglomerations of property that sell like stocks — are booming. Investors are pouring into the asset class as they search for alternatives to a frothy equities market and low-yielding bonds.

> Self-storage magnates cash in on real estate surge

Middle East

The Dubai International Motor Show 2013 has marked the world premiere of the Bugatti Legend “Meo Costantini”. This is the third model in the six-part edition “Les Légendes de Bugatti”, and is dedicated to Meo Costantini, a close friend of company founder Ettore Bugatti and two-time winner of the Targa Florio.

> Bugatti Legend “Meo Costantini” Unveiled at Dubai International Motor Show