Mansion Global Daily: Tips for Buying in the Hot Hamptons Market, Home Sales Stay Steady in Singapore Despite Cooling Measures, and More
In the Hot Hamptons Home Market, ‘Look to the Fringes’ for Opportunities
After months of frenzied competition and price growth, under-the-radar neighborhoods and fixer-uppers offer potential upside. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Architects Revive ‘Pokey’ London Mews House Into Bright, Contemporary Oasis
The newly renovated five-bedroom home now includes six-meter living wall and huge expanses of glass. Read More
NEIGHBORHOOD NOTES
Londoners Are Trading in Flats for Houses in Leafy, Thames-Front Richmond
The town is a charming, well-amenitized suburb that’s seen record dealmaking since the pandemic started. Read More
NEWS BITES
Call the Queen a Neighbor at a Northern England Home Listed for £795,000
A bungalow near the royal residence of Sandringham Estate in Norfolk, about 100 miles north of London, has hit the market for £795,000 (US$1.1 million). The four-bedroom, one-story home is not as grandiose as the queen’s 18th-century manor house, but is “flooded with natural light from the clever architectural design and large windows,” according to the listing agency Brown & Co. The property also comes with planning permission to build a three-bedroom house and garage. The queen and the royal family spend several weeks a year at the estate, including around Christmas. The Sun
Sydney Apartments to Outperform Single-Family Houses in Price Growth
Prices for apartments in inner city Sydney are set to rise when Australia opens its borders at the end of the month. The influx could result in price growth for city apartments outperforming the appreciation of the price of houses in 2022, according to Paul Ryan, economist at realestate.com.au. “Houses have outperformed units over the past two years and the relative pricing between houses versus units is at its biggest gap that we have ever seen…I think that gap is going to narrow in the future,” he said. realestate.com.au
Home Sales in Singapore Stayed Steady in January Despite Government Cooling Measures
Despite government cooling measures that went into effect in December, new private-home sales in Singapore have stayed steady. Developers sold around 639 new private homes in January, a 1.7% dip compared to the previous month. Meanwhile, January’s sales were nearly 61% lower than the same time in 2021, although Christine Sun, the senior vice-president of research and analytics at OrangeTee & Tie, said the high volume was “an anomaly” and figures were boosted by the launch of the 1,862-unit mega project Normanton Park, which moved 645 units that month. From 2014 to 2020, total new-home sales for the month of January ranged between 324 and 620 units, Ms. Sun added. Business Times
Ritz-Carlton Residences in Dubai With Wellness Focus Set to Launch Sales
The Ritz-Carlton is launching sales next week on its first residences at Keturah in Dubai, a wellness-focused development from the local firm MAG Real Estate. Facing the wildlife sanctuary Ras Al Khor, the project is set to include two- and three-bedroom apartments and penthouses, as well as free-standing villas. The project aims to create an “immersive wellness luxury lifestyle in Dubai,” and will feature a private members club, Michelin-starred chef restaurants, shopping and, of course, a wellness center. Sales are set to launch next week. Gulf News
AROUND NEWS CORP
Listing on a Prayer: Bon Jovi Asks $22 Million for Manhattan Home [The Wall Street Journal]
5 Reasons Pending Sales Fall Through in Real Estate [Realtor.com]
How Much Money Could You Make Renting out Your Spare Room? [The Times of London]
Mosman A$30M Trophy Home Shoots for Suburb Record [news.com.au]
