Consulina Wong
Manhattan’s Luxury Real Estate Increases 15.5% – Hong Kong Investors Take Note
Hong Kong - October 6, 2010 - (RealEstateRama) -- According to the report released by Prudential Douglas Elliman Real Estate, the luxury apartments in New York City which are priced from US$3,060,000 with an average price of US$5,636,600 increased 15.5% compared to the same quarter in 2009 and up 9% compared to the last quarter. While prices continued to increase, luxury listing inventory in Manhattan continued to shrink down 31.2% from the same period last year and down nearly 15% from the second quarter. The number of luxury sales was up over 19% compared to last year’s third quarter to a total of 266 units.
Hong Kong Real Estate Investors Look to US
Hong Kong - July 27, 2010 - (RealEstateRama) -- In a recent interview in the United States, property magnate Donald Trump is quoted as saying: "This is the best time I've ever seen to buy real estate". It appears that Hong Kong investors agree.