Mansion Global Daily: Katy Perry Lists a Beverly Hills Beauty, Canadian Home Prices Are Under ‘Attack,’ and More


Katy Perry Lists Beverly Hills Home for Nearly $19.5 Million

The pop star’s pad sits on more than an acre in a guarded celebrity enclave. Read More

BY THE NUMBERS


TRENDING TODAY


MANSION GLOBAL ON YOUTUBE


Homes With Wild Family-Friendly Features Ensure Your Kids Will Never Be Bored

In Mansion Global’s latest YouTube episode, check out 3 homes that even the little ones will envy. Read More

LISTING OF THE DAY


In Coastal South Carolina, This Waterfront Mansion Sits on a Car-Free Island

It’s a 30-minute ferry ride to Daufuskie Island, where residents use electric golf carts instead of cars. Read More

DESIGNER’S CORNER


Adding Character With a Colorful Couch

Vibrant shades, prints and textures can all be used to turn a sofa into an inspired focal point. Read More

BITES NEWS

Hong Kong Home Prices Set to Fall 20% Over the Next Four Years

A reckoning is coming for Hong Kong’s real estate prices, according to Goldman Sachs. The Wall Street analyst is predicting a 20% decline in Hong Kong home prices over the next four years, with the city seeing price drops of about 5% each year through 2026. Furthermore, the financial firm forecasts that mortgage rates in Hong Kong will double , to nearly 4%, by 2024. Industry insiders are pointing to Hong Kong’s strict Covid policies, which are set to be eased next month, as a contributing factor in the city’s declining property fortunes, as corporations and individuals are leaving, or considering leaving , a city they find to be increasingly isolated. City AM

Canadian Home Prices Are Under ‘Attack’

We’ve heard of bidding wars but an attack on home prices? That’s how BMO Capital Markets’s senior economist, Robert Kavcic, described the state of the Canadian real estate market to clients in a note this week. Citing a higher and expanded tax on non-resident homebuyers in Ontario, a new 2% tax on foreign homebuyers in Nova Scotia’s budget and a jump in mortgage rates in anticipation of rate hikes from the Bank of Canada, Mr. Kavcic wrote “There is now a full-scale attack on Canadian home prices across various levels of policy.” The coup de grace, according to Mr. Kavcic, remains to be seen, as the nation waits for what Deputy Prime Minister and Finance Minister Chrystia Freeland will include in the federal budget on April 7. Home prices across Canada have been surging amid a chronic supply crunch, with the non-seasonally adjusted aggregate home price index up by record 28% year-over-year in January. BNN Bloomberg

Rising Cost of Raw Materials May Delay Singapore Developments

Since the start of the Russia-Ukraine conflict, property developers have seen surging prices in the cost of raw materials, particularly steel and aluminum. The Singapore Contractors Association Ltd reported an 18% uptick in the cost of steel rebar, to S$1,300 (US$960) per ton, since the start of the invasion in February. As a result, developers may delay the delivery of less urgent projects until the market for raw materials becomes less volatile. The Business Times

Former Chicago Cubs Executive Sells Wilmette Home for $1.39 Million

Former Chicago Cubs executive Jason McLeod has sold his home in the Windy City suburb of Wilmette, Illinois, for $1.39 million. The five-bedroom, seven-bathroom, Colonial-style home features hardwood floors, high ceilings, a media and game room, a gym and recreation room, a large patio and a three-car garage. Mr. McLeod, who purchased the home in 2018 for $1.12 million, had been with the Cubs for 10 years, most recently in charge of player personnel. He joined the Arizona Diamondbacks franchise in December after the conclusion of his contract with the Cubs in October. The Real Deal

AROUND NEWS CORP

Home Wins No Longer at Surefire Bet [The Times of London]

7 Bidding War Mistakes Today’s Homebuyers Are Making in Droves [Realtor.com]

Famous Violinist Lists Stately NYC Spread for $17.5M [New York Post]

These Home Showings Were Going Just Fine—Until The Dog Showed Up [The Wall Street Journal]

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