Mansion Global Daily: British asking prices hit record high, lack of supply drives up housing costs in Singapore, and more


Bad news for buyers in Britain – After jumping nearly £20,000 in 3 months, asking prices hit a new record high

The average asking price now stands at £360,101, according to Rightmove. Read more

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NEWS

In Singapore, the lack of housing is driving up property prices

House prices in Singapore are expected to continue to rise due to a shortage of supply, undermining the government’s efforts to cool the market. This year, around 7,000 to 8,000 new private apartments could emerge across the country, according to analysts’ estimates. That’s less than the average of 10,750 new units launched each year between 2012 and 2021. “Low inventory of private homes available for sale should push prices up as demand for homes remains firm,” said Alice Tan, head of consulting at Knight Frank. in Singapore. business time

1970s house in Melbourne, Australia sparks fierce bidding war

A six-bedroom 1970s house in Melbourne, Australia, auctioned off Sunday after 55 minutes and with a massive 439 bids. The house sold for “significantly more” than its A$3 million (US$2.14 million) list price at A$3.3 million, according to listing agent Gary Peer of Gary Peer & Associates . “The house has a lot of character, a nice feel; you can feel a sense of grandeur and opulence in the property,” he said. The buyer was a local family with five children. real estate.com.au

Waterfront Compound in Newport Beach, Calif. hits the market for $47.5 million

A three-lot complex with 105 feet of harbor frontage in Newport Beach, Calif., has hit the market for $47.5 million, making it one of the most expensive homes for sale in the county of Orange. Mike Gray, a longtime executive of luxury fashion brand St. John Knits and founder of baked goods company Sweet Life Enterprises, and his wife, Lori, bought the property in 2017 for $12.547 million and renovated it in depth. The main residence has four bedrooms and four bathrooms, with almost all rooms offering harbor views. Outside, there is an infinity pool, a spa, a shed with heated floors and a private dock that can accommodate three boats. Los Angeles Times

A custom-designed loft-style apartment in Brooklyn, New York, is asking for $4.65 million

A loft-style co-op apartment in New York’s historic Brooklyn Heights neighborhood has gone on the market for $4.65 million. A combination of two units, the apartment offers approximately 3,000 square feet of living space with three bedrooms, an open concept living and dining room, a boudoir and two offices. It also has two wraparound terraces with views of the city skyline and the East River. The interiors, custom-designed by architect Henry Smith-Miller, feature a 30-foot steel-walled entrance gallery. 6sqft.com

AROUND NEWS CORP

30 properties to buy abroad on a budget of £1m [The Times of London]

House prices have started to fall: here are the cities where they have fallen the most [Realtor.com]

Expert warns RBA interest rate hike could happen next week [news.com.au]

Janet Jackson wants $8.995 million for the New York condo she’s owned for 25 years [The Wall Street Journal]


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