International

With the luxury housing market continuing to cool, some property firms in Singapore are coming up with new ways to help developers boost sales, writes PropertyGuru's Romesh Navaratnarajah

The French Riviera's property market went through the roof last year, according to search agency Home Hunts.

Multinational agency Engel & Völkers has reported a chunky rise in revenues. 2015's group commission revenues were up 36.4% on 2014's totals and hit 409.8 million euros, a new record for the firm.

"The entire developed property universe" is worth roughly US$217tr, with residential real estate accounting for the lion's share, according to some sums by Savills; that's around 2.7

The US prime property market is reeling after the government announced plans to effectively end buyer anonymity in New York and Miami.

JLL has significantly boosted its presence on Portugal's prime resi scene with the acquisition of a top four agency based in Lisbon.

London isn't the only place where top-end transactions have tanked recently. Although the prices of luxury apartments in Manhattan hit new heights in 2015, the number of $10m+ deals fell by nearly 14%.

A 27-year-old from China has reportedly shelled out over £25m for a mansion with views of Sydney Harbour Bridge. It's expected to be confirmed as the second biggest resi sale in Australian history.

Sydney will see the biggest rises in residential property prices of any prime global city this year, says Knight Frank, while Hong Kong, Singapore and Paris are all likely to see price drops

Knight Frank has recorded a 0.9% fall in prime global rents in the year to September, a stark contrast to the 3.4% rise seen a couple of years ago

Top-end developer Finchatton has given us a sneak peek at its latest international design project - a $24m, 7,775 square foot residence in one of the world's most exclusive resorts

Residential property will be front and centre at next year's MIPIM in Cannes, with the event's main theme being "Housing the World