Sep 30 2019
Owning a home in New York City is expensive. Owning a second home in New York City may soon become even more expensive. That’s because New York State Senator Brad Hoylman is on a mission to bring back the pied-à-terre tax that was, most recently, turned down in March, The Real Deal reported.
United States of America
An unnamed Hong Kong multi-millionaire has bought a penthouse at the lavish 5-star Corinthia Hotel in London for £10.7 million ($13.3 million).
Sep 19 2019
This article is written by Stamford Capital and examines the existing conditions in the build-to-rent market and highlights:
Financing constraints on the debt and equity side that are hindering investment in the segment;
Lack of tax concession for investors (MIT withholding tax/lack of GST Credits) significantly impacting project returns; and
Pointers we can take from overseas with their further advanced build-to-rent markets.
Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio to South Korea’s Mirae Asset Management Co., marking the end of the Chinese insurer’s short-lived investment in the properties.
Jul 24 2019
Sydney eastern suburbs' Bergman family has sold a large unit block at 10 Henrietta Street, Waverley for about $20 million to a local investor. The two Bergman brothers, who on-sold the property, have owned the block since its construction in the 1970s.
Jul 16 2019
Centuria Capital has purchased a 4.8-hectare site with 11,785 square metres of warehouse and 1240 square metres of office space at 46-68 Gosport Street from Sentinel Property Group for $17 million.
In their second acquisition in Brisbane, Dymocks Properties and the Dymocks Bookstore family has acquired has a 14-level commercial tower for $42.1 million at 420 George Street, which is the legal precinct of the CBD.
Jul 03 2019
The Uniting Church Synod of Victoria and Tasmania and partner BPM, have successfully transacted 130 Little Collins Street to a locally based investor. Jeff Xu’s Golden Age has reportedly paid in excess of $40m for the site.
Jun 26 2019
Dexus today announced that 109 of its 114 assets, comprising 45 office properties and 64 industrial properties have been externally valued as at 30 June 2019.
Jun 25 2019
Due to its strategic importance connecting the Sydney CBD to Parramatta, Sydney’s second CBD, the Parramatta Road Urban Transformation Strategy has been introduced by the NSW Government to upgrade and revitalise the Corridor over the next 30 years through investments in homes, jobs, transport, open spaces and public amenity.
Jun 24 2019
Altis Property Partners, have paid approximately $35 million for 61 unsold units at the Gondon Elysee project at 1-5A Cliff Road and 6-10 Carlingford Road in Sydney's northwest. The apartment project has a total of 130 units at Epping and the Altis acquisition represents a discount of about 32 percent to the $52 million book value.
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