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]
LARGE CITIES KEEP GROWING
New York City, the nation’s largest city with about 8.4 million people, continued to grow steadily. The city’s population expanded 0.5% in 2009, compared with 0.4% a year earlier but down from 0.7% in 2007. The recession has prevented people moving to the suburbs to buy homes. This keeps people in larger cities and draws… [Read More]