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London luxury home sales surge to record on overseas purchasers
Sales of London's most expensive homes reached a record as foreign buyers dominate the city's luxury residential market, Savills Plc said. The number of houses and apartments that sold for more than 5 million pounds ($8 million) rose to 262 from 200 in the nine months through September, a 31 percent more than a year earlier, the real-estate broker said today in an e-mailed report.
Chinese on global homebuying spree as local markets tighten
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.China developers chase rich buyers abroad amid curbs at home
Chinese developers are starting to venture overseas, chasing wealthy locals who are buying apartments from New York to Sydney as the government restrains the property market at home.Scotland's priciest home for sale gets cheaper after second cut
Scotland's most expensive house for sale, an 18th-century mansion with 85 rooms, had its price slashed for the second time this year as the global economic slump curbs the enthusiasm of millionaire buyers.
Apartment investors look beyond Class A properties
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn't have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco.
Hong Kong Kwok brother tycoons arrested
The billionaire co-chairmen of Hong Kong's biggest developer Sun Hung Kai Properties Ltd. were detained in connection with a probe into offenses suspected to have been committed under the Prevention of Bribery Ordinance.Hong Kong sells Sha Tin site for $704 million, less than analyst estimates
Hong Kong's government, which is boosting housing supply to ease soaring home prices, today sold a site at auction 33 percent below estimates after stock markets were roiled by the U.S.'s debt downgrade.
China home prices cool as government steps up bid to avoid property bubble
China's effort to cool home prices is damping the market for existing homes, with prices in May falling from the previous month in 23 of 70 cities measured.Abandoned airport may help solve Hong Kong's office shortage
Hong Kong's abandoned Kai Tak Airport, idle for 13 years, may hold the answer to a space shortage in the world's costliest office market where banks including Goldman Sachs Group Inc. jostle for towers.Trending Stories
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