Mansion Global Daily: The most competitive January ever in the US market, Melbourne rents hit record highs and more


The US faces the most competitive January housing market in history

While prices and demand are rising, the supply of housing is at an all-time low. Continue reading

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The $45 million Apex is one of Miami’s tallest buildings

Amenities at this duplex in the city’s financial district include a private indoor pool and spa, gym, bar, six terraces and a private elevator. Continue reading

CONTROL TALK


Which property tax changes are being considered in Germany?

Possible adjustments include a reduction in real estate transfer tax and a lowering of the investor threshold. Continue reading

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A triplex and four apartments in Hong Kong are offered for a total of HK$1 billion

A triplex and four apartments in The Arch, a 16-year-old luxury residential tower in Kowloon, Hong Kong, are for sale for a combined HK$1 billion (US$128 million). Dubbed the “Emperor’s Home” for its lavish decoration, the triplex occupies floors 80 through 82 and features 4,263 square feet of indoor living space, a 1,278 square foot sky garden, private pool and patio. The other four units on the 79th and 80th floors range in size from 972 square feet to 1,023 square feet. The owners, Hui Chi-ming, former chairman of Sino Union Petroleum & Chemical International, and related parties purchased the five properties between 2007 and 2011 for a total of HK$270 million. South China Morning Post

Melbourne rents hit a record high in December

Rental prices in Melbourne, Australia hit record highs in December despite Covid-19 lockdowns and international travel bans. Median single-family home rent rose 3.5% year-on-year to AUD$445 per week (approx. Average apartment rents rose a more modest 1.4% to AUD$375 per week. Domain

Home Prices in Kauai, Hawaii, Soared 35% in 2021

According to data from independent real estate firm Locations, average prices in Kauai, Hawaii, rose more than 35% year over year in 2021 to $1.1 million, the highest in the state. The island saw 742 home sales last year, 54% of which sold for $1 million or more. In 2020, only 36% of home sales exceeded the million dollar mark. “Rising interest rates may shrink the buyer pool a bit, but there’s still so much demand,” said John Jacobson, a senior real estate analyst at Locations. The Garden Island

Rents in Manhattan reach their highest level for every December

According to a report by Douglas Elliman, Manhattan’s net effective rent excluding landlord concessions reached $3,392 per month in December, the highest level ever recorded for the month. The effective median rent increased 21% from the same point in 2020 when more than 25,000 vacant units were available in the district. CNBC

AROUND NEWS CORP

A castle in rural Connecticut is listed for $6.5 million [The Wall Street Journal]

The self-sufficient Michigan Compound features an underground bunker and private lake [Realtor.com]

Embattled barstool founder Dave Portnoy shops in the Hamptons [New York Post]

Real estate appraisers accept stricter rules after disputes over conflicts of interest [The Times of London]

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