Mansion Global Daily: Chinese Buyers Expected to Return to … – Mansion Global

News Briefs

Chinese Buyers Expected to Return to Australian Property Markets

Chinese investment in Australia’s property market is expected to reach A$4.8 billion (US$3.4 billion) in 2023, double last year, according to a report by Asian real estate technology group Juwai IQI. China has recently resumed issuing travel visas and international flights, and “this will be the first opportunity for most Chinese to visit overseas real estate markets in three years,” said Juwai’s chief executive Kashif Ansari. Australia is still the preferred location for Chinese buyers, over the U.S. and Canada, he said. Domain

Dubai’s Home Sales Hit a 13-Year High in 2022

Dubai’s residential property market had a stellar 2022, with transactions hitting a high since 2009, according to the latest analysis by CBRE. More than 90,881 residential transactions have been recorded in 2022, a 59.2% increase from a year ago. The average sales price was up 9.5% year over year, while the average rent rose 26.9% to the highest level on record, according to CBRE. Arabian Business

Former NBA Star Tony Parker Delists $19.5 Million Mansion With Water Park

Former NBA player Tony Parker has taken his sprawling estate in Texas Hill Country off the market. He listed the 53-acre estate with its own water park in 2021. The property has a six-bedroom main house and a four-bedroom guest apartment. Luxury amenities inside include a temperature-controlled, 1,500-bottle wine room, a home theater with stadium seating, two home offices and a more than 5,900-square-foot gym. Outdoors, there is a tennis court, a sand volleyball court, a greenhouse, an herb garden and a fruit orchard. Mr. Parker, 40, who spent 17 seasons and won four championships with the San Antonio Spurs, purchased the property in 2005. San Antonio Express-News

Apartment at Zaha Hadid-Designed Manhattan Condo Asks $10.5 Million

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