Mansion Global Daily: How to Stage an Open House in a Post-Covid World, August Price Growth in Dubai Declined to Slowest Pace in 18 Months, and More

September 9, 2022September 9, 2022 Admin

Baking Cookies and Bread? Open Houses Are Back in Force, Here’s How Sellers Should Prepare in a Covid World

Cleanliness can’t be overstated and many home buyers are still uneasy about finger foods or even lingering too long in someone else’s house. Read More

BY THE NUMBERS

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LISTING OF THE DAY

The Terrace at This Chelsea Condo Is Triple the Size of the Average New York Apartment

‘Pacific Northwest meets New York City’ in this waterfront complex by Robert A.M. Stern on the Hudson River. Read More

NEIGHBORHOOD NOTES

Lakeside Seefeld Offers Shopping, Dining and Swimming Within Minutes of Central Zürich

The long, narrow neighborhood flanking the eastern edge of Lake Zurich has a leafy promenade, landscaped gardens and historic Art Nouveau architecture. Read More

NEWS BITES

Waterline, Set to Be the Tallest Tower in Texas, Breaks Ground

Construction has begun on what will be Texas’s tallest tower—a 1,022-foot tall skyscraper in Austin dubbed Waterline. Helmed by New York City-based architecture firm Kohn Pedersen Fox Associates, the building is going up along Waller Creek, which feeds into the Red River. The 74-story building will have retail and office space, a hotel and residences starting on the 33rd floor. “The facades of the building express this collection of functions as a collage of varied patterns,” said KPF president James von Klemperer. “The project promises to become an icon for Texas’ capital city, expressing its spirit of quirky innovation.” Dezeen

August Price Growth in Dubai Declined to Slowest Pace in 18 Months

Prices for villas in Dubai rose 1.3% in August compared to the previous month—its slowest monthly growth rate in 18 months, according to a report by ValuStrat, a local real estate appraiser. Meanwhile, the market for apartments “gradually approached possible price ceilings with a modest 0.7% monthly rise,” according to the report. Last month’s annual growth for both villas and apartments was 28% and 8%, respectively. The National

Billionaire Hedge Funder Ken Griffin Now Owns More Than $1 Billion of South Florida Property

The South Florida real estate portfolio of Ken Griffin, the billionaire founder of the hedge fund Citadel, has topped $1 billion after his recent purchase of Adrienne Arsht’s Coconut Grove estate for $109 million. Mr. Griffin, a native of the Sunshine State, has a net worth of about $31 billion, about 4% of which he has invested in Florida property. He also owns luxury homes in New York, Chicago and London, among others, but he is likely to be in Florida more often, as Citadel announced earlier this year it will move its headquarters to Miami from Chicago. The Real Deal

Increased Investment in Mortgage-Backed Green Securities in China

Mortgage-backed green securities in China rose to 110 billion yuan (US$15.8 billion) in the first half of the year, compared with 123.3 billion yuan for the whole of 2021, according to a report released this week by Fitch Ratings. In addition, the volume of deals in 2021 exceeded the total number made in the preceding five years. China has made green building a priority as it strives to reach climate targets, and that benefits investors. “Mortgage-backed securities in China are increasingly embedding energy-efficient residential or commercial buildings into their asset pools, encouraged by recent policies of Chinese authorities,” Jia Jingwei, an analyst at Sustainable Fitch, the sustainable finance research unit of the credit rating agency, said in the report. South China Morning Post