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Mansion Global Daily: Give Your Home a Feng Shui Makeover, Demand for ‘Nano-Apartments’ in Hong Kong Is Slowing Down , and More


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An Octagonal Home on the Puerto Rican Island of Vieques

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NEWS BITES

Full-Flooring Condominium at Melbourne, Australia’s Eureka Tower Hits the Marketplace for A$10 Million

A full-floor condominium at Eureka Tower, one of many world’s tallest residential buildings situated in Melbourne’s Southbank, has hit the market with a information value of A$10 million (US$7 million) to A$11 million. The 6,243-square-foot residence has 4 bedrooms and 5 loos, with 360-degree views by way of floor-to-ceiling home windows. The sellers are Daniel Grollo and his former spouse, Katherine, who purchased the unit as a “vanilla field” and spent roughly A$15 million to complete it. Mr. Grollo’s building empire, Grocon, collapsed in 2020 after failing to pay collectors, workers and taxes. realestate.com.au

Demand for ‘Nano-Residences’ in Hong Kong Is Slowing Down

Demand for so-called nano-apartments—these sized smaller than 200 sq. toes—is poised to decelerate as house costs throughout Hong Kong have been falling since  final September. A nano undertaking in Mong Kok in Kowloon bought solely 30% of all 120 items on supply earlier this month, in comparison with a 70% sell-out charge at luxurious buildings that launched gross sales about the identical time. “Dwelling seekers are prone to afford greater residing areas throughout a softening property market,” stated Michael Lee, affiliate director {of professional} actual property advisory and valuation at Prudential Surveyors. South China Morning Submit

U.S. Housing Begins Elevated 15.6% in 2021

The whole housing begins within the U.S., together with single-family houses and condos, rose 15.6% in 2021, based on knowledge from the U.S. Division of Housing and City Improvement and the U.S. Census Bureau. Single-family begins elevated 13.4% from the earlier 12 months to a complete of 1.12 million houses. “The double-digit achieve for single-family begins in 2021 was a continuation of the rebound and enlargement of house constructing that happened within the wake of the pandemic,” Robert Dietz, chief economist of Nationwide Affiliation of Dwelling Builders, stated, however added that single-family begins will flatline in 2022 “as mortgage rates of interest are rising and building prices improve.” World Property Journal

A Georgian-Model Home on 41 Acres Close to Hereford, England, Lists for £1.4 Million

The Valletts, a 41-acre property with a Georgian-style home in Ruckhall, a village close to Hereford of West Highlands, England, is in the marketplace for £1.395 million (US$1.87 million). The home has 4 bedrooms that includes interval particulars similar to floor-to-ceiling sash home windows, wood floorboards, an ornate hearth and French-farmhouse rustic interiors. The property additionally has a barn, which could possibly be transformed right into a four-bedroom house, with planning permission already submitted. Nation Life

AROUND NEWS CORP

Our Information to Shopping for a Vacation Dwelling on a Greek Island [The Times of London]

Is Trendy Farmhouse Lifeless? Is Boho Huge? Right here Are the Design Types Hovering in 2022—and the Ones Crashing [Realtor.com]

New York OKs Least New Housing of Any Metropolis in Northeast [New York Post]

Housing Is the Fed’s Frankenstein. It Gained’t Be Simply Tamed. [Barron’s]

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