Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Knight Frank

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A new report has found five Australian cities have placed in the top 50 worldwide in terms of residential price growth. 
The Wealth Report 2019, released by Knight Frank, tracks the movement of luxury residential prices in the world’s top 100 cities.
Last year showed Sydney at the top of the list of Australian cities with 3.1% prime price growth in 2018.
Australia's rankings were: Sydney (30), Brisbane (31), Melbourne (41), Perth (42) and Gold Coast (42).
Manila topped the rankings with 11% growth, attributed to a lack of supply and the Philippines’ thriving economy.
The index saw its lowest rate of annual growth since 2012 with prices rising on average by 1.3% down from 2.1% in 2017. 
According to Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski: “The Australian prime market continues to track above the global average for luxury residential price growth over the year to December 2018, with Sydney topping the list for Australian cities on the PIRI 100 at 3.1% growth; Brisbane at 3%; Melbourne 2.2%; and Perth and the Gold Coast both at 2.1% price growth year-on-year.
“The price growth between prime global markets is converging – and Australia is no exception. The performance in 2018 saw all five Australian prime cities place in the top 50 of Knight Frank’s PIRI 100 – all five cities within 1 percentage point – when three years ago the range was closer to 19 percentage points.”
<img src="https://www.urban.com.au/images/2019/3/6/KF%20Cities.JPG" alt="">
Knight Frank’s Head of Residential, Australia Sarah Harding said: “According to The Wealth Report Attitude Survey, for the second year in a row, Australia has retained its position as the third most popular country for those planning to buy prime residential property globally in 2019 – behind the US and the UK. Australia remains a top destination for the ultra-wealthy due to multiple factors, including lifestyle, education, and political stability.
“Ultra-high-net-worth individuals dedicate a large portion of their wealth to property. This has been confirmed by the growth in the average number of homes owned by wealthy people around the world increasing from 2.9 to 3.6 over the past year. We found Australian UHNWIs owned three residential homes, on average, in 2018.
“Only 6% of ultra-wealthy Australians purchased prime residential property outside of Australia in 2018. This is relatively low when compared with other active countries in the Asia Pacific region such as South Korea (30%), Hong Kong (28%), Malaysia (27%) or China (25%).”
Ciesielski said prime residential growth has become more sustainable in most Australian cities on the PIRI 100.
“In Perth, early signs of business recovery and a strengthening office market had a positive impact with prime residential price growth rising from 1.3% in 2017 to 2.1% in 2018,” said Ciesielski. 
“Properties along the waterfront have remained popular with the downsizing generation, and the city still offers good value relative to other major Australian cities.
“The spotlight in 2019 will remain on the pace of recovery as the Western Australian resources sector continues to build.”
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j.ballantyne1990-6AQqhLzZaK

Five Australian cities in top 50 worldwide for residential price growth: Knight Frank

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Knight Frank's Asia-Pacific Prime Office Rental Index for Q3 2018 has showed slower growth, however is still on the rise.
The Q3 Index increased saw an increase of 2.3% quarter-on-quarter and 6.4% year-on-year.
The index showed slower growth, as office occupiers delayed significant real estate decisions amidst rising US-China trade tensions
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/asian%20pacific%202.jpg" alt="">
Despite slower growth, 18 out of the 20 cities tracked report stable or increased rental growth.
Rental growth in Sydney and Melbourne continues to be among the strongest in the region, recording further increases during the quarter to be up 14% and 7% over the past year respectively  
Knight Frank's head of research and consulting Australia Ben Burston puts the increases down to employment growth and subdued development activity.
“Buoyant employment growth and subdued development activity continues to drive rental uplift in Sydney and Melbourne, which have recorded some of the strongest growth in the region over the past year," Burston said.
"The level of supply scheduled to deliver in 2019 simply will not redress the imbalance, and this will continue to drive rents and motivate tenants to pursue densification strategies or consider emerging fringe markets where expansion can be more easily achieved.”
Asia-Pacific Prime Office Rents
<table style="width: 430px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="91">
City
</td>
<td valign="top" width="126">
Submarket(s)
</td>
<td valign="top" width="117">
3-month % change (Q2 2018 - Q3 2018)
</td>
<td valign="top" width="96">
Forecast next 12 months
</td>
</tr>
<tr>
<td valign="top" width="91">
Brisbane
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Melbourne
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
2.6%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Perth
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.2%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Sydney
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
2.5%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Tokyo*
</td>
<td valign="top" width="126">
Central 5 Wards
</td>
<td valign="top" nowrap width="117">
5.6%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Beijing
</td>
<td valign="top" width="126">
Various
</td>
<td valign="top" nowrap width="117">
0.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Guangzhou
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.3%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Shanghai
</td>
<td valign="top" width="126">
Puxi, Pudong
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
<tr>
<td valign="top" width="91">
Hong Kong
</td>
<td valign="top" width="126">
Central
</td>
<td valign="top" nowrap width="117">
2.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Taipei
</td>
<td valign="top" width="126">
Downtown
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Seoul
</td>
<td valign="top" width="126">
CBD, GBD, YBD
</td>
<td valign="top" nowrap width="117">
-0.7%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Bengaluru
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.4%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Mumbai
</td>
<td valign="top" width="126">
BKC
</td>
<td valign="top" nowrap width="117">
3.9%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
NCR
</td>
<td valign="top" width="126">
Connaught Place
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Phnom Penh
</td>
<td valign="top" width="126">
City Centre
</td>
<td valign="top" nowrap width="117">
0.1%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Jakarta
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Kuala Lumpur
</td>
<td valign="top" width="126">
City Centre
</td>
<td valign="top" nowrap width="117">
-0.2%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
<tr>
<td valign="top" width="91">
Singapore
</td>
<td valign="top" width="126">
Raffles Place, Marina Bay
</td>
<td valign="top" nowrap width="117">
1.1%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Bangkok
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Manila
</td>
<td valign="top" width="126">
Various
</td>
<td valign="top" nowrap width="117">
0.8%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
</tbody></table>
<a href="https://www.propertyobserver.com.au/images/2018/11/26/asian%20pacific%202.jpg" target="_blank">Click here</a> to enlarge:
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Slower office rental growth, but still increasing: Knight Frank's Prime Office Rental Index

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The acquisition is targeted at accelerating the expansion of Australian agency platform Cushman &amp; Wakefield.
Knight Frank’s Sydney valuations business comprises 24 valuation professionals who will join Cushman &amp; Wakefield’s Australian valuations platform.
They will be a part of the company’s global valuations network that has executed valuations for assets in excess of US$3.7 trillion last year.
“With the combination of our 2,000+ global valuations professionals and this acquisition, Cushman &amp; Wakefield is well placed to provide comprehensive solutions for clients in any market across the globe,” said Matthew Bouw, Chief Executive Officer, Asia Pacific at Cushman &amp; Wakefield.
Effective today, David Castles and Matthew Russel will lead Cushman &amp; Wakefield’s national valuations practice across Australia.
This team which sits on all four major Australian bank panels, executed valuations for assets totaling more than US$65 billion in the last financial year.
James Patterson, Cushman &amp; Wakefield’s Chief Executive, Australia and New Zealand said “this acquisition provides us with opportunities to accelerate the growth of the company’s broader commercial real estate business, which will in turn positively impact our clients and people.
Mr Patterson added that, "it also complements our occupier business, which is one of the strongest in the country.”
Newly appointed David Castles, Joint Head of National Valuations, Cushman &amp; Wakefield, Australia said, “we saw an opportunity to leverage Cushman &amp; Wakefield’s global brand, alongside a truly national platform to create additional value for our clients and career opportunities for our people.”
This acquisition, pending Foreign Investment Review Board (FIRB) approval, follows the recent acquisition of Capital Markets firm, Inc RE, in July 2018, by Cushman &amp; Wakefield’s.
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Cushman & Wakefield have acquired Knight Frank’s Sydney valuation firm

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Australia’s student housing sector is set to boom in coming years, according to a report from Knight Frank.
Australia’s PBSA (purpose built student accommodation) sector is undergoing "rapid growth" due to an increasing number of Australian and international university students.
This year, over 8,000 new PBSA beds will become operational across Australia, approximately 20% more than in 2017.
Demand is outstripping supply with a growing population of both local and international students strengthening current demand.
According to the Australian Bureau of Statistics, the number of 18-25-year-olds in Australia is projected to increase by 104,000 between 2016 and 2026, increasing the number of Australian university students.
Chinese Higher Education enrollments in Australia could more than double by 2027; rising from the current figure of 124,700 to 294,000 enrollments according to Knight Frank Research estimates.
Knight Frank’s Paul Savitz, Director, Research and Consulting, Australia, said that speculation about the negative impact of high-ranking Chinese universities is unwarranted.
"There has been speculation of late that because Chinese global university rankings are improving, that this may have negative consequences for Australian universities; given their part reliance on full-fee paying international students," Savitz said. 
"However, when students are looking to study abroad, research shows that lifestyle factors are equally as important as the quality of education and because Australia offers international students a fantastic lifestyle with excellent employment opportunities, we have every confidence international student numbers will continue to rise."
In addition to freestanding PBSA developments, an additional opportunity for developers lies in upgrading existing university accommodation.
As a result, it’s expected that some of the largest investment opportunities will be in partnership with regional or metro universities to redevelop older on-campus stock.
Recent examples of public-private partnerships include the Living + Learning Partners consortium investment in the University of Wollongong’s on-campus student accommodation facilities, and ANU’s agreement with investment management firm H.R.L Morrison and Co over nine student residences.
The report suggests that establishing long-term partnerships with universities is the key to success in the PBSA sector.
"Whether it’s upgrading university accommodation or targeting overseas students in the direct let market, the key is developing long term relationships with universities to help meet their specific needs and investors and developers who are able to match a university’s vision will benefit long term; much more than those who simply target particular cities,” Savitz said. 
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Rapid growth in student housing demand presenting opportunities for developers: Knight Frank

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Knight Frank and the Launceston firm Woolcock Partners Real Estate will be merged on July 1.
The merged operation will employ a total of 85 people.
The new firm will be branded Knight Frank with Knight Frank CEO Scott Newton and Woolcock Partners Director Sam Woolcock taking places on a Tasmanian Knight Frank board.
The new entity will offer commercial, residential, consulting and research, project marketing and valuation services.
“The new firm comes into operation on July 1. Initially our two Launceston offices … will continue to trade as normal and we aim to launch our new single brand Knight Frank in new premises in the coming months,” Newton said.
“Together we will be able to offer our clients in Northern Tasmania a complete real estate package.”
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Knight Frank real estate expands in Tasmania with merger

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Knight Frank has announced a new Australian partnership structure 
Knight Frank Australia has announced a new partnership structure, with all Senior Directors, Group Directors, Service Line Leaders and Managing Directors becoming ‘Partners’ as of 1 July 2018.
Knight Frank Australia’s Chief Executive Officer, Stephen Ellis, said the partnership program has been a long time in the making and is modeled on the firm’s UK scheme.
“Knight Frank has always held a distinctive position in the Australian property industry as the only global, privately-owned real estate services provider without external shareholders, and we now have an opportunity to amplify our true strengths by differentiating ourselves from our competitors.  
“I am excited by the new ‘Partner Program’ which will become a key element of our leadership plan. It will be the foundation block for sustained success and unite the leadership team with a mutual accomplishment and entrepreneurial focus,” said Mr Ellis.
Around 80 senior leaders at Knight Frank Australia will becomes partners at the outset of this program.
“The UK has a track record proving the partnership structure is a key appointment, recruitment and retention tool,” concluded Mr Ellis.
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Knight Frank announces new Australian partnership structure

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The Élevé project at Palm Meadows has recently settled all 61 apartments sold in its first stage for more than $15 million.
Élevé which has a second stage in the pipeline was developed by Hungtat Worldwide, associated with Macau casino tycoon Dr Stanley Ho and his wife Angela Leong.
Élevé's 100% settlement rate was achieved within 45 days.
It included all apartments sold to foreign buyers, who represented about 30% of purchasers.
It was an extraordinary result, Knight Frank agent Chris Litfin said, adding he had pinpointed the Gold Coast suburb of Carrara - which took centre stage during the opening and closing ceremonies of the Commonwealth Games - as a likely gold medal performer in property sales and growth over the next two years.
Litfin, who heads the agency's Queensland project marketing division, noted Élevé's rental apartments are achieving typical returns of around 6% and in some cases above 7%, with 254 applications received for the initial 33 apartments available to rent.
Hungtat has previously been behind the Gold Coast's international award-winning The Wave tower in Broadbeach and Sydney's exclusive Kirribilli Grande community.
Market analysts Urbis recently found the Gold Coast's coastal fringe precinct, which is centred around Carrara, was the most active area for apartment sales in the city in the December quarter, recording 77 sales for an average of $537,0.
Litfin says the reason for this activity is growing demand from residents who live in and around Carrara who want to downsize from their family homes to an apartment.
"Carrara has the right type of apartment offering to meet the market both now and into the future, and that's why it is outperforming other areas," he said.
"There are plenty of people who live in the coastal fringe area who don't want to move to a smaller apartment near the beach - they want to stay in their neighbourhood and live in a boutique building with larger apartments on a big, abundantly landscaped site.
"Carrara is known as a 'green belt' suburb, so projects like Élevé, which are surrounded by parklands and  golf courses, appeal strongly to buyers who want a resort-style lifestyle in an area that is still highly accessible. 
"Carrara is just a short drive from the beach and the Robina and Southport CBDs, and new apartments there are geared towards owner occupiers because developers see the appeal of delivering a premium project in the coastal fringe as opposed to lesser liveability near the beach where sites are smaller and more expensive."
 
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100% foreign buyer settlement in Stanley Ho's Élevé project at Palm Meadows

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Knight Frank, the independent global property consultancy, launched its Global Residential Cities Index for Q4 2017, which finds Hobart has jumped to 11th place, up from 34th on the index.
It came after with 13.1% growth over the year to December 2017.
This is up from 11.3% growth in the 12 months to March 2017 according to the index which tracks the performance of mainstream residential prices across 150 cities worldwide.
Hobart sales have included Hanby Villa, a Georgian manor in the heart of Hobart, sold for $1.85 million last year (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-tas-hobart-125958938" target="_blank">Located at 197 Macquarie Street</a>, the house comes with five bedrooms, light-filled living space, cosy library,  extensive modern kitchen and sun-drenched terraced garden.
It is conveniently located less than a kilometre from the CBD.
A Hobart two bedroom apartment with waterfront surroundings has been sold for $1.25 million (pictured below).
<a href="https://www.realestate.com.au/sold/property-apartment-tas-hobart-124402862" target="_blank">The 22/19 Hunter Street </a>(pictured below) apartment features two double bedrooms, open plan living/dining and kitchen areas across the front, and two bathrooms. 
Circa 1864, the building itself is one of the earliest built in old Hobart Town and has been sympathetically restored and refurbished.
It is adjacent to the historic Henry Jones Hotel and just a few minutes walk from cosmopolitan Salamanca Place with market, restaurants, bars and galleries.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/11/hobart%202.jpg" alt="">
A brand new offering currently on the market is a Sandy Bay four bedroom house in excess of $1.4 million (pictured below).
<a href="https://www.realestate.com.au/property-house-tas-sandy+bay-128084906" target="_blank">Shrouded in topiary-featured private special garden spaces, the 481 Sandy Bay Road</a> home comes with four bedrooms, informal living zone, and glass-roofed outdoor/indoor entertainment area.
With the intimate water views from both floors, there is also proximity to the most excellent schools, speciality stores and services.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/11/sandy%20bay.jpg" alt="">
Another Sandy Bay Italianate style unit has been listed for over $1.2 million.
<a href="https://www.realestate.com.au/property-unit-tas-sandy+bay-127979122" target="_blank">Surrounded by trees and landscaped gardens, the 3/31 Fitzroy Place</a> (pictured below) home comes with two bedrooms, formal dining and large living room with views, and well-equipped kitchen.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/11/sandy%20bay%202.jpg" alt="">
The global index increased by 4.5% in the year to December 2017, down from 7% in the year to March 2017. 
Elsewhere Canberra’s residential market is now outperforming Sydney. Sydney is at 83rd place on the index with 3.8% price growth in the year to December 2017 – down from 23rd on the index in the year to March 2017, when the city saw 14.4% price growth. Canberra sits at 59th on the list with 5.7% growth in the year to December 2017.
Melbourne now sits at 21st on the list, with 10.2% price growth in the year to December 2017 – up from 24th on the index (when the city saw 13.4% price growth in the year to March 2017)
Adelaide is at 87th on the index with 3.6% price growth
Brisbane is at 100th place with 2.1% price growth
According to Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski, six Australian cities have appeared in the top 100 of our global index in Q4 2017 – Hobart, Melbourne, Canberra, Sydney, Adelaide and Brisbane. 
“There is a clear differentiation in the pace of property growth around Australia, with Sydney and Melbourne seeing prices moving towards a more sustainable level of growth," Ciesielski.
“The influence by the Australian Prudential Regulatory Authority (APRA) on the lending environment has certainly been felt with many investors retracting from the market on the east coast. This risk-adverse environment is likely to remain for some time given the current banking royal commission.
“As of Q1 2017, Australia’s highest-ranking city was Sydney in 23rd position. However, Canberra’s mainstream residential price growth has now overtaken Sydney’s, with Canberra sitting in 59th position with 5.7% residential price growth (in comparison to Sydney now at 83rd place with 3.8% price growth)."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/13/Hobart%202.jpg" alt="">
According to Knight Frank’s Head of Residential, Australia Sarah Harding said with improvements to connectivity and infrastructure Australia is becoming closer to the rest of the world. As a result we are seeing more global citizens reside in Australia as well as expats returning home. 
“As the figures represent it is not only the major cities of Sydney and Melbourne who benefit, but the impact is now showing in cities such as Canberra and Hobart," Harding said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/13/Hobart%203.jpg" alt="">
“With the recent direct flights from Perth into Europe, and plans for high-speed sub-orbital travel, this bodes well for Australia in the future and it is exciting to see cities such as Canberra, Hobart and Perth feature within this global index.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/11/GRCI_Q4%202017_Fig1.jpg" alt="">
Berlin led the annual rankings for 2017 
US cities averaged 6.3% growth in 2017, despite four rate rises since December 2016.  
Kate Everett-Allen, Partner, International Residential Research at Knight Frank said, in 2016, the 15 Chinese cities tracked by the index averaged 23% growth year-on-year. In 2017, the same 15 cities averaged 1.6% growth.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/13/Hobart%204.png" target="_blank">to enlarge</a>.
<img src="https://www.urban.com.au/images/2018/4/13/Hobart%204.png" alt="">
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Hobart jumps from 34th to 11th on Knight Frank global residential city rankings

<html><body>
The 2018 City Wealth Index uses four critical measures to identify the cities that matter to the wealthy – wealth, investment, lifestyle and future. 
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td nowrap width="86">
 
</td>
<td nowrap width="70">
Wealth
</td>
<td nowrap width="76">
Investment
</td>
<td nowrap width="70">
Lifestyle
</td>
<td nowrap width="60">
Future
</td>
<td nowrap width="78">
Overall Rank
</td>
</tr>
<tr>
<td nowrap width="86">
New York
</td>
<td nowrap width="70">
1
</td>
<td nowrap width="76">
1
</td>
<td nowrap width="70">
1
</td>
<td nowrap width="60">
1
</td>
<td nowrap width="78">
1
</td>
</tr>
<tr>
<td nowrap width="86">
London
</td>
<td nowrap width="70">
4
</td>
<td nowrap width="76">
2
</td>
<td nowrap width="70">
5
</td>
<td nowrap width="60">
2
</td>
<td nowrap width="78">
2
</td>
</tr>
<tr>
<td nowrap width="86">
San Francisco
</td>
<td nowrap width="70">
5
</td>
<td nowrap width="76">
4
</td>
<td nowrap width="70">
2
</td>
<td nowrap width="60">
6
</td>
<td nowrap width="78">
3
</td>
</tr>
<tr>
<td nowrap width="86">
Los Angeles
</td>
<td nowrap width="70">
2
</td>
<td nowrap width="76">
5
</td>
<td nowrap width="70">
12
</td>
<td nowrap width="60">
4
</td>
<td nowrap width="78">
4
</td>
</tr>
<tr>
<td nowrap width="86">
Chicago
</td>
<td nowrap width="70">
6
</td>
<td nowrap width="76">
18
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="60">
8
</td>
<td nowrap width="78">
5
</td>
</tr>
<tr>
<td nowrap width="86">
Singapore
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="60">
10
</td>
<td nowrap width="78">
5
</td>
</tr>
<tr>
<td nowrap width="86">
Paris
</td>
<td nowrap width="70">
13
</td>
<td nowrap width="76">
14
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="60">
5
</td>
<td nowrap width="78">
7
</td>
</tr>
<tr>
<td nowrap width="86">
Tokyo
</td>
<td nowrap width="70">
10
</td>
<td nowrap width="76">
22
</td>
<td nowrap width="70">
6
</td>
<td nowrap width="60">
2
</td>
<td nowrap width="78">
8
</td>
</tr>
<tr>
<td nowrap width="86">
Hong Kong
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="76">
3
</td>
<td nowrap width="70">
10
</td>
<td nowrap width="60">
25
</td>
<td nowrap width="78">
9
</td>
</tr>
<tr>
<td nowrap width="86">
Washington DC
</td>
<td nowrap width="70">
12
</td>
<td nowrap width="76">
10
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="60">
13
</td>
<td nowrap width="78">
10
</td>
</tr>
<tr>
<td nowrap width="86">
Sydney
</td>
<td nowrap width="70">
20
</td>
<td nowrap width="76">
7
</td>
<td nowrap width="70">
14
</td>
<td nowrap width="60">
17
</td>
<td nowrap width="78">
11
</td>
</tr>
<tr>
<td nowrap width="86">
Dallas
</td>
<td nowrap width="70">
9
</td>
<td nowrap width="76">
6
</td>
<td nowrap width="70">
35
</td>
<td nowrap width="60">
9
</td>
<td nowrap width="78">
12
</td>
</tr>
<tr>
<td nowrap width="86">
Boston
</td>
<td nowrap width="70">
24
</td>
<td nowrap width="76">
13
</td>
<td nowrap width="70">
21
</td>
<td nowrap width="60">
7
</td>
<td nowrap width="78">
13
</td>
</tr>
<tr>
<td nowrap width="86">
Houston
</td>
<td nowrap width="70">
8
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
29
</td>
<td nowrap width="60">
14
</td>
<td nowrap width="78">
14
</td>
</tr>
<tr>
<td nowrap width="86">
Miami
</td>
<td nowrap width="70">
19
</td>
<td nowrap width="76">
8
</td>
<td nowrap width="70">
19
</td>
<td nowrap width="60">
20
</td>
<td nowrap width="78">
14
</td>
</tr>
<tr>
<td nowrap width="86">
Atlanta
</td>
<td nowrap width="70">
20
</td>
<td nowrap width="76">
10
</td>
<td nowrap width="70">
24
</td>
<td nowrap width="60">
15
</td>
<td nowrap width="78">
16
</td>
</tr>
<tr>
<td nowrap width="86">
Beijing
</td>
<td nowrap width="70">
15
</td>
<td nowrap width="76">
37
</td>
<td nowrap width="70">
15
</td>
<td nowrap width="60">
19
</td>
<td nowrap width="78">
17
</td>
</tr>
<tr>
<td nowrap width="86">
Shanghai
</td>
<td nowrap width="70">
29
</td>
<td nowrap width="76">
21
</td>
<td nowrap width="70">
23
</td>
<td nowrap width="60">
15
</td>
<td nowrap width="78">
18
</td>
</tr>
<tr>
<td nowrap width="86">
Munich
</td>
<td nowrap width="70">
39
</td>
<td nowrap width="76">
23
</td>
<td nowrap width="70">
26
</td>
<td nowrap width="60">
20
</td>
<td nowrap width="78">
19
</td>
</tr>
<tr>
<td nowrap width="86">
Madrid
</td>
<td nowrap width="70">
52
</td>
<td nowrap width="76">
25
</td>
<td nowrap width="70">
9
</td>
<td nowrap width="60">
24
</td>
<td nowrap width="78">
20
</td>
</tr>
<tr>
<td nowrap width="86">
Melbourne
</td>
<td nowrap width="70">
44
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
25
</td>
<td nowrap width="60">
26
</td>
<td nowrap width="78">
20 
</td>
</tr>
</tbody></table>
Liam Bailey, Global Head of Research at Knight Frank, commented this year’s index produced some very interesting results with regard to the projected growth of wealthy households around the world that will be exciting to track.
"However, North America’s domination of the current household wealth tables is unequivocal.
"Although the economic powerhouses such as New York and London dominated the overall rankings again, it is interesting to note the power of other US cities.”
Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski noted Sydney sits at 11th overall on the City Wealth Index, influenced by ranking seventh in the category ‘investment’ in property over the two years ending 2017.  
</body></html>

Sydney and Melbourne rank in top 20 in Knight Frank City Wealth Index

<html><body>
New data prepared for Knight Frank The Wealth Report shows that the number of ultra-wealthy people - with net assets of US$50 million or more - rose by 10% in 2017 – taking the global population to 129,730, with a combined worth of US$26.4 trillion.
The data provided by Wealth-X highlights that the ultra-wealthy population grew at a notably more rapid rate in 2017 than in the previous five years, when there was a cumulative 18% increase.
According to Knight Frank’s Michelle Ciesielski, head of residential research, Australia in Australia, the number of ultra-wealthy people rose by 9% in 2017 – taking the population to 1,260, with a combined worth of US$269 billion.
"This is equivalent to 5.2 ultra-wealthy individuals per 100,000 of the Australian population," she said.
“Over the next five years, the number of ultra-wealthy people in Australia is projected to increase by 37% to 1,720.
“This growth in Australia’s ultra-wealthy population can be attributed to several factors.
"Firstly, we’ve seen significant growth in prime property prices.
"Secondly, despite recent instability, the equities market has also seen gains over the past year.
“In addition, Australia is the third most-preferred global destination for the world’s ultra-high-net-worth individuals (UHNWIs) to emigrate, behind the UK and the US, according to Knight Frank’s annual Attitudes Survey, produced for The Wealth Report.
“Australia ranked in the top five destinations of where UHNWIs plan to buy prime property in 2018. Malaysia, Singapore, China, Hong Kong and the Philippines scored high on the Attitudes Survey for those planning to buy Australian prime property in 2018,” said Ms Ciesielski.
Globally, 34% of UHNWIs already hold a second passport and 29% are planning to purchase one, while 21% are considering emigrating permanently.
 Ultra-wealthy individuals (US$50m+) per 100,000 population across Asia Pacific
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="56">
Ranking
</td>
<td nowrap width="106">
Country
</td>
<td nowrap width="87">
Ultra-wealthy individuals (2017)
</td>
<td nowrap width="110">
Country population
(2016)
</td>
<td nowrap width="93">
Ultra-wealthy individuals per 100,000
</td>
</tr>
<tr>
<td width="56">
2
</td>
<td nowrap width="106">
Hong Kong, China
</td>
<td nowrap width="87">
5,140
</td>
<td nowrap width="110">
             7,346,700
</td>
<td nowrap width="93">
69.96
</td>
</tr>
<tr>
<td width="56">
4
</td>
<td nowrap width="106">
Singapore
</td>
<td nowrap width="87">
1,400
</td>
<td nowrap width="110">
             5,607,283
</td>
<td nowrap width="93">
24.97
</td>
</tr>
<tr>
<td width="56">
11
</td>
<td nowrap width="106">
Taiwan
</td>
<td nowrap width="87">
2,010
</td>
<td nowrap width="110">
           23,626,456
</td>
<td nowrap width="93">
8.51
</td>
</tr>
<tr>
<td width="56">
12
</td>
<td nowrap width="106">
New Zealand
</td>
<td nowrap width="87">
390
</td>
<td nowrap width="110">
             4,692,700
</td>
<td nowrap width="93">
8.31
</td>
</tr>
<tr>
<td width="56">
13
</td>
<td nowrap width="106">
Japan
</td>
<td nowrap width="87">
9,960
</td>
<td nowrap width="110">
          126,994,511
</td>
<td nowrap width="93">
7.84
</td>
</tr>
<tr>
<td width="56">
18
</td>
<td nowrap width="106">
Australia
</td>
<td nowrap width="87">
1,260
</td>
<td nowrap width="110">
           24,127,159
</td>
<td nowrap width="93">
5.22
</td>
</tr>
<tr>
<td width="56">
20
</td>
<td nowrap width="106">
South Korea
</td>
<td nowrap width="87">
2,610
</td>
<td nowrap width="110">
           51,245,707
</td>
<td nowrap width="93">
5.09
</td>
</tr>
<tr>
<td width="56">
31
</td>
<td nowrap width="106">
Thailand
</td>
<td nowrap width="87">
770
</td>
<td nowrap width="110">
           68,863,514
</td>
<td nowrap width="93">
1.12
</td>
</tr>
<tr>
<td width="56">
32
</td>
<td nowrap width="106">
Malaysia
</td>
<td nowrap width="87">
310
</td>
<td nowrap width="110">
           31,187,265
</td>
<td nowrap width="93">
0.99
</td>
</tr>
<tr>
<td width="56">
38
</td>
<td nowrap width="106">
China, Mainland
</td>
<td nowrap width="87">
8,800
</td>
<td nowrap width="110">
       1,378,665,000
</td>
<td nowrap width="93">
0.64
</td>
</tr>
</tbody></table>
Source: Wealth-X, World Bank, Worldometers, Knight Frank Research
</body></html>

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Developments

New apartments

New townhouses

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