Latest news with #real estate
News.com.au
5 hours ago
- Business
- News.com.au
Massive penthouse sale as beachfront tower unveiled
An interstate buyer has splashed $9.1m on a luxury penthouse set to be unveiled within days as the scaffolding comes down on Palm Beach's newest tower. The bumper off-the-plan sale is the biggest deal inked for Graya's beachfront Kloud project, the company's first multiresidential offering on the Gold Coast. Tennis ace Ash Barty is among other buyers in the 23-unit development, with the Wimbledon champion dropping close to $4m on a half-floor apartment. Winner refused to live in 'too perfect' $4m prize home Graya director Rob Gray said just three units were still available within the 41.25m-high tower. 'These have just come to market as the scaffolding starts to come down to reveal the exterior design. 'Construction hit top-out just before the penthouse was launched to the market, leaving just the interior work to be completed,' Mr Gray said. The penthouse was marketed by White Fox agent Nic Whitehead and sold within 15 days, with three offers received. 'Most of our buyers have been Queensland locals, but the penthouse sold to an interstate buyer looking to holiday in beautiful Palm Beach,' Mr Gray said. The 507 sqm penthouse spans two full floors, comprising a luxury living level and rooftop entertaining terrace with spectacular ocean views and resort-style amenities 'We wanted to capture the exclusivity of living sky high without sacrificing the experience of being barefoot on the sand,' said fellow Graya director, Andrew Gray. 'The penthouse achieves this through seamless transition from inside to outside spaces and the feeling of freedom and sophisticated comfort.' The apartment has four bedrooms, a media room, and statement kitchen with an island dining bar with stunning fluted stone accents. The private rooftop hosts a decadent indoor steam room, and a barbecue kitchen overlooking the alfresco terrace with dining area, lounging space, fire pit, spa and a pool with wading ledge. Rob Gray said the residence set a new benchmark for high-end living on the beachfront, where boutique developers were scrambling to meet demand from cashed-up local and interstate apartment buyers. Kloud was expected to be completed in November.
Yahoo
10 hours ago
- Business
- Yahoo
Stephenson County home listings asked for less money in June – see the current median price here
The median home in Stephenson County listed for $182,450 in June, down 5% from the previous month's $192,000, an analysis of data from shows. Compared to June 2024, the median home list price increased 25.9% from $147,450. The statistics in this article only pertain to houses listed for sale in Stephenson County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Stephenson County's median home was 1,762 square feet, listed at $98 per square foot. The price per square foot of homes for sale is up 11.8% from June 2024. Listings in Stephenson County moved briskly, at a median 48 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 50 days on the market. Around 70 homes were newly listed on the market in June, a 9.4% increase from 64 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. In Illinois, median home prices were $325,000, a slight increase from May. The median Illinois home listed for sale had 1,710 square feet, with a price of $189 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Journal Standard: Stephenson County home listings asked for less money in June – see the current median price here Solve the daily Crossword
Yahoo
21 hours ago
- Politics
- Yahoo
Mayor denies wrongdoing in a corruption probe into Milan's building boom
Italy Milan Corruption Probe MILAN (AP) — Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city's massive urban development over the last two decades, saying, 'My hands are clean.' The city's top urban development official, however, resigned while denying wrongdoing. Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city's skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games. The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy's financial and fashion capital 'a commodity to be plundered.'' The probe alleges that developers bribed officials to speed building permits and win approval for projects. Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city's top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. 'My conscience is clear,'' he said. Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, 'All I have done is in the interest of the city.'' Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan's San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one. The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy's regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation. Milan's extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification. 'Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,'' Sala said. Solve the daily Crossword
Bloomberg
a day ago
- Business
- Bloomberg
Head of Asia's Largest REIT Plans to Retire After 16 Years at Firm
George Hongchoy plans to retire as head of Link Asset Management Ltd., the manager of Asia's largest real estate investment trust. Hongchoy, 63, will remain with the property firm as it searches for a successor, Hong Kong-based Link said in a statement Tuesday.
The Independent
a day ago
- Politics
- The Independent
Milan's mayor denies wrongdoing in a corruption probe into the city's construction boom
Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city's massive urban development over the last two decades, saying, 'My hands are clean.' The city's top urban development official, however, resigned while denying wrongdoing. Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city's skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games. The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy's financial and fashion capital 'a commodity to be plundered.'' The probe alleges that developers bribed officials to speed building permits and win approval for projects. Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city's top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. 'My conscience is clear,'' he said. Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, 'All I have done is in the interest of the city.'' Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan's San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one. The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy 's regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation. Milan's extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification. 'Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,'' Sala said.
