Mansion Global Daily: Hong Kong Has The Most Expensive Rentals, Melbourne Home Prices Expected To Hit A $ 1 Million By June, And More
Hong Kong is the most expensive city for luxury rentals
New York and Singapore follow, with Madrid and Dubai offering the most room for the money. Read more
BY THE NUMBERS
TREND TODAY
LIST OF THE DAY
A duplex penthouse with its own swimming pool atop a 57-story tower in Sunny Isles Beach, Florida
The 11,661-square-foot home also features a gym and spa, a private elevator, and a two-story master suite. Read more
TALK TAX
Can you explain Canada’s new proposal to tax non-resident owners?
If approved, residential property owners who are not Canadian citizens and live in other countries would have to pay a 1% tax. Read more
NEW BITES
Melbourne home prices set to hit AU $ 1million by June
The median price of a home in Melbourne, Australia hit a new high of 974,397 Australian dollars (757,160 US dollars) in the first quarter of 2021, according to the Domain House Price Report, released Thursday. The increase was around 5%, or nearly A $ 45,000, from the previous quarter, and prices could reach A $ 1 million by June, according to Domain senior research analyst Nicola Powell. “It will take a little more than half of the growth recorded in the March quarter to reach this milestone,” she said. Domain
Dubai recorded record luxury home sales in March
Luxury home sales in Dubai recorded a record 84 transactions in March, according to data released Thursday by real estate consultant Property Monitor. Last month, sales of prime properties, priced at AED 10 million ($ 2.7 million) or more, totaled AED 1.7 billion. The majority of buyers were European buyers looking for an escape from blockages, easy access to vaccines, and discounted properties, which are about a third cheaper than six years ago as the market sagged. Arab affairs
Developer Offers Up To 10% Off New Seattle Development
Bay Area-based Laconia Development on Thursday relaunched sales to Speyer, a $ 350 million, 41-story luxury condominium tower with 343 units in Seattle, to revive the urban condominium market. One and two bedroom homes are now listed up to 10% lower, with homes starting at $ 400,000. Puget Sound Business Journal
New York Mets star Francisco Lindor lands Florida mansion
New York Mets shortstop Francisco Lindor retired to Florida for $ 2.9 million offseason. The waterfront mansion in Montverde was on the market for $ 3.2 million before Lindor made an offer in early February. Built in 2017, the construction features details like stone, beams, rustic shutters and antique pavers. The two-time Gold Glove winner signed a 10-year, $ 341 million contract extension with the Mets earlier this month. realtor.com
AROUND NEWS CORP
An English mansion so grand it has its own exhibit at the Metropolitan Museum of Art [The Wall Street Journal]
Doja Cat’s new mid-century modern home is a hit [realtor.com]
For $ 400,000 you can live in the only house built on this island [New York Post]
Australian house prices register biggest increase in 18 years, especially in Adelaide and Hobart [news.com.au]
