GLUT OF $100M HOMES
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.