Palm Springs' luxury housing market is cooling after a pandemic-era boom, with home prices falling, properties taking longer to sell, and significant price cuts observed on upscale homes. The market, once fueled by low mortgage rates and remote work, now shows signs of balance with increased inventory.
David and Marilee Kiliti sold their 89-acre Pennsylvania hog farm for over $22 million to QTS, a Blackstone-backed data center company. This sale, part of a larger 1,700-acre acquisition for AI data centers, highlights a trend of tech giants investing in rural areas for power infrastructure.
President Lee Jae Myung reaffirmed the need to raise property holding taxes to normalize South Korea's soaring real estate market, stating broad consensus exists but a compromise is needed on the extent of the increase. He warned against asset accumulation through multiple homes and expressed concern over high real estate investment levels.
Chinese actor Li Chengru, 71, known for classic roles, lost US$13 million in foreign currency trading before his acting career took off. His early life involved poverty and an apprenticeship that ignited his passion for acting, leading him to script supervision for 'Journey to the West'.
A New Yorker recounts furnishing a new Brooklyn apartment by shopping locally with Caroline Weaver, founder of the Locavore Guide, highlighting the benefits of supporting small businesses and community engagement over online retail.
India's residential real estate market is entering a consolidation phase, not a downturn, with demand supported by urbanization and lower borrowing costs. Premium housing leads growth, while affordable segments face pressure. Unsold inventory is rising as launches outpace sales.
Billionaire Steve Wynn has relisted his exclusive New York City duplex penthouse at the Ritz-Carlton Residences on Central Park South for $70 million, the price he originally paid in 2012. After failing to sell it for $90 million in 2022 and later reducing the price, the property is back on the market, reflecting trends in the ultra-luxury real estate sector.
San Francisco's real estate market is experiencing a dramatic surge, with median house prices reaching a record $1.76m. AI company stock is being considered as payment for properties, reflecting the immense wealth generated by AI giants like OpenAI and Anthropic.
Several Indian states offer financial incentives like lower stamp duty and concessional home loans to women homebuyers, aiming to boost female real estate ownership, financial inclusion, and gender equity.
Dubai's property market has seen a dramatic slowdown, with sales falling significantly in May compared to April and last year. Market watchers attribute the decline to the ongoing conflict in the Middle East, impacting high-earner and luxury real estate sectors.
Japan's real estate market leads the Asia-Pacific in investment, safety, and trade, with strong performance in office, residential, and hotel sectors. Despite this, Japanese investors are increasing their overseas property investments, particularly in Australia's rental housing market.
Taiwan's real estate sector is shifting towards low-carbon and green building practices as the new carbon fee system takes effect. Developers are increasingly competing on sustainability, incorporating features like carbon footprint assessments, recycled materials, and energy-efficient designs to meet policy demands and evolving consumer preferences.
New Taipei City's industrial real estate market is evolving due to AI and supply chain shifts. Two industrial zone urban renewal projects in Tucheng and Sanchong have been approved, expected to create jobs and economic value. The demand for new factory buildings is high, with Sanchong leading in renewal applications.
China's real estate market maintained its "spring bloom" momentum in May, with key cities showing active trading. New home sales rose 7% month-on-month, while existing home sales increased 19.3% year-on-year, indicating sustained market heat and positive repair momentum, especially in first-tier cities.
Despite widespread optimism that the German real estate market crisis is over, banks remain skeptical, according to an EY-Parthenon survey. Many institutions see no sustainable recovery and are concerned about a specific issue impacting the financing sector.
Saudi Arabia's real estate market is experiencing a structural shift with inflationary pressures easing, driven by government measures to increase supply and curb speculation. This aims to stabilize the sector in line with Vision 2030.
Saudi Arabia's real estate market is experiencing a slowdown in inflationary pressures due to government regulations aimed at increasing supply and curbing speculation. The market has seen a 0.7% decline in Q4 2025 and a 1.6% annual drop in Q1 2026, driven by residential sector decreases, while the commercial sector grew.
Egypt is preparing to regulate its real estate market with new legislation to govern the relationship between developers and buyers, addressing complaints of project delays and reputational damage to the sector.
A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the first major city in China whose property market has bottomed. That could attract developers from mainland China looking to secure new projects”. More aggressive...
Noida International Airport at Jewar is expected to transform Faridabad's real estate market, which has historically lagged behind Gurgaon and Noida despite its strategic location. The airport will handle 12 million passengers annually in phase one, expanding to 70 million at full capacity. Developers including Omaxe, Bhumika Group, and BPTP are launching projects anticipating demand driven by improved connectivity via FNG Expressway, Greenfield Expressway, and DMIC. Apartment prices near the airport have nearly tripled from 2020-2025, with Faridabad expected to see similar appreciation.
Dubai's real estate market is increasingly prioritizing connectivity, with properties near metro stations experiencing over 26% price growth. Urban development is shifting toward transit-oriented corridors, fostering integrated economic clusters and reducing market fragmentation.
Morgan Stanley's January prediction of a 10% rise in secondary home values has moved from a non-consensus call to alignment with industry experts, though skepticism persists due to years of false dawns and geopolitical threats. Hong Kong's residential sector held 17,500 units of excess inventory last month, down from 23,000 at the start of 2025, while new completions are expected to reach 17,000 units in 2026 versus 24,300 in 2024.
President Lee Jae Myung's remarks on revising the long-term holding tax deduction for homeowners have intensified controversy and raised uncertainty in Korea's real estate market. Lee proposed a phased abolition of the deduction, including a six-month grace period followed by partial reduction and full elimination after one year. The 1989 policy has provided tax relief of up to 80% for gains exceeding 1.2 billion won, supporting housing stability for middle- and lower-income households. Critics warn equating long-term homeowners with speculative investors could discourage property listings, increase rental prices and weaken market confidence.
