GLUT OF $100M HOMES

Finweek English Edition - - THE WEEK -

A record 27 prop­er­ties with price tags of $100m or more are of­fi­cially for sale glob­ally, up from 19 last year, ac­cord­ing to Christie’s In­ter­na­tional Real Es­tate. If pri­vate of­fer­ings are in­cluded, the ac­tual num­ber of nine-fig­ure list­ings world­wide could top 50, ny­times.com re­ported. The rise in nine-fig­ure list­ings comes as sales of lux­ury real es­tate have cooled, prompt­ing many in­dus­try play­ers to warn of a mar­ket bub­ble, it re­ported. In 2015, only two homes glob­ally sold for more than $100m – a $193m house in Hong Kong, which was bought by Jack Ma, ex­ec­u­tive chair­man of Alibaba, and a town­house in Lon­don, which sold for $132m.

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