/// International Property News
The Asking Price of a Rarefied Manhattan Condo Jumped
$10 Million in 24 Hours
be worth $10 million more overnight?
We won’t know until the aspiring
investor-escapee completes the flip
of No. 62A.
If the entity known as Escape From
New York gets its asking price, there
will be at least one other satisfied
party in the tower: the owner of a
three-bedroom unit on two floors
below. That unit sold for $30 million
last month, too, in a transaction that
inspired a bit of real-estate porn in
the New York Times:
Are you looking to make a quick
$10 million in the ultrahigh-end
Manhattan real-estate market? You
needn’t look further than One57,
Extell Development’s slim, 90-story
rising over Central Park South.
new buyer put the property back
on the market for $41 million, a
miraculous 32 percent increase in
value.
This is a sign of what real estate
writers often describe as “a
frothy” market. The Real Deal,
which uncovered the fastappreciating home, describes it as
a “4,483-square-foot, 62nd-floor
apartment [featuring] four bathrooms
and floor-to-ceiling windows.” It must
be adorable. But could such comforts
A three-bedroom condo in the
building sold for a record $31 million
in April to a mysterious buyer known
as Escape From New York LLC. The
sale was officially memorialized
in public real estate records on
Tuesday. Then, on Wednesday, the
“The apartment, No. 60A, has fourand-a-half marble baths and the
ultimate view magnet, 60 feet of
park frontage in the living/dining/
entertaining area. The master suite
has his-and-hers baths and bird’seye views of the city and the Hudson
River. The custom eat-in kitchen by
Smallbone of Devizes has handpainted white cabinetry (although
buyers at One57 do have the option
of choosing a Macassar ebony color
scheme).
” Throw in the optional room
service—wouldn’t you expect it at this
price?—and such opulence suddenly
seems like a bargain at only $30
million.
Big Drop in March New Home Sales
Number of units
Riversuites which moved
44 units at $1,109 psf and
RiverTrees Residences
where 35 homes were
taken up at $1,129 psf.
Sales of Private Home (inc. ECs)
3,500
3,000
2,500
2,000
1,500
1,000
Source PropertyGuru / URA
Sales of new private
homes in Singapore fell by
about 34 percent monthon-month during March to
reach 480 units, according
to public data published
today by the Urban
Redevelopment Authority
(URA).
In February, the total
number of private homes
sold by developers,
including ECs was 769
units. Looking at March
2013 when 3,072 units
were sold, the year-onyear decline is a massive
83 percent.
Including executive
condominiums (ECs),
the number of units sold
increased marginally to
535.
The top-selling project
last month was The
Santorini which sold 76
apartments at a median
price of $1,108 psf. This
was followed by Eight
62
www.PropertyHunter.com.my
Mar - 14
Feb - 14
Jan - 14
Dec - 13
Nov - 13
Oct - 13
Sep - 13
Aug - 13
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Apr - 13
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0
Jan - 13
500
The most expensive
property sold in March
based on median psf
pricing came from Cluny
Park Residence with
one unit at $2,825 psf.
Skysuites @ Anson was
second with one unit sold
at $2,817 psf, followed by
Marina Bay Suites which
moved one unit at $2,787
psf.
Sales of new private
homes as well as the
number of projects being
launched has generally
declined. Sales in
December 2013 were at
333 units, which was a fiveyear low for the city-state.
According to URA, prices
as well as the number
of units sold during the
month are based on the
Option to Purchase (OTP)
issued by developers to
buyers.
An OTP is a right or option
given by the vendor to an
intending purchaser to buy
the property at a specified
price within a specified
period of time - the validity
period of the option.
The intending purchaser
must pay a booking fee of
between 5 – 10 percent
of the agreed price for
this right or option. The
purchaser has to exercise
the OTP within its validity
period if he decides to buy
the property.
A Chinese
Company 3D
Printed 10 Houses
in a Day
There’s a lot you can do with a
3D printer. Now add “building a
house in a day” to the list.
Make that 10 houses.
The WinSun Decoration Design
Engineering Co. has printed
10 homes in 24 hours out of
recycled materials.
This isn’t the first attempt at
3D printing large structures
in a short amount of time.
Researchers in California are
making a printer that can build a
house in 24 hours.
In Amsterdam earlier this month,
construction of a 3D-printed
house began. The house made
out of plastic bricks that fit
together like Lego. It’s also being
printed onsite.
The Chinese houses, on the
other hand, weren’t built onsite.
They were printed in pieces and
then put together in Shanghai’s
Qingpu district.
The pieces are made using
recycled construction materials
and industrial waste to form a
concrete aggregate, Gizmodo
reports.
The 3D printer used to build the
houses is 500 feet long, 33 feet
wide and 20 feet high. Each home
costs around $4,800.
“We purchased parts for the
printer overseas, and assembled
the machine in a factory in
Suzhou,” the company’s CEO,
Ma Yihe, told 3ders. “Such a new
type of 3D-printed structure is
environment-friendly and costeffective.”
This Chinese City’s Property Market Is Even Chillier Than Its Weather
gates opening to the International
Olympic City project in Yingkou.
Here One of thegates opening to the International Olympic City project in Yingkou“We’re
in
the frigid, wind-battered northeast
currently finding a lot of difficulties in
Chin \