Posted by Leonard Steinberg of URBAN COMPASS on July 23rd, 2014 Pricing in Hong Kong remains high, with some penthouse apartments selling for over $ 14,000/sf. Buyers from Hong Kong should look at the pricing of the mega-towers of the 57th Street corridor and consider them relatively good buys…..but are there enough Hong Kong buyers… [Read More]
NEW YORK IS WORLD’S TOP FINANCIAL CENTER
Posted by Leonard Steinberg on March 15th, 2015 New York has ousted London amid growing regulation, scandals and EU concerns as the world’s top financial center. The top 4 cities in the twice-yearly survey by consultancy Z/Yen Group remain the same: London, New York, Singapore and Hong Kong. London has held on to the lead over New… [Read More]
IS MONACO REAL ESTATE CHEAP FOR THE SUPER-RICH?
Posted by Leonard Steinberg on September 5th, 2013 I recently visited Monte Carlo, the wealthiest country/principality in the world with ZERO unemployment and per capita income of around $183,150.00, to tour TOUR ODEON the brand new ultra-luxurious, amenity and services laden 49-storey residential tower being built at the border of Monaco and France. My initial impression… [Read More]
SUPER CITIES – THE ‘VIRTUAL CONTINENT"
Posted by Leonard Steinberg on June 4th, 2011 A dislocation between a few “super cities” is emerging, where international money moves markets, and national counterparts that are still closely linked to economic inertia. In to-day’s Financial Times it is reported that a separation has become marked over the past two years, with strong price growth in some major… [Read More]