Purchased by the “Tulsa King” star for his daughters, the newly built home features almost 12,000 square feet of turnkey living space decked out with hand-picked designer furnishings.
Sylvester Stallone already owns a $35 million mansion in South Florida’s affluent Palm Beach community. But now the actor has decided to plump up his real estate portfolio, this time tacking on a home in the East Hampton enclave of New York for three of his most cherished family members.
As first reported by the New York Post, the veteran TV and film actor has doled out a speck under $25 million in an apparent all-cash deal for a newly built home owned by married interior designers Phoebe and James Michael Howard.
Thai property market down 13%, with transferred units at lowest level since 2018.
Thailand Business News
Thai property market down 13%, with transferred units at lowest level since 2018
Real Estate promotion billboards in downtown Bangkok
Real Estate promotion billboards in downtown Bangkok
In the first quarter of 2024, the transfer of residential properties in Thailand decreased by 13% compared to the same period last year, reaching the lowest level since 2018.
Key Takeaways
Residential property transfers in Thailand dropped by 13% in the first quarter of 2024, indicating a significant slowdown in demand.
New housing loans granted in the same period fell by 20.5% year on year, attributed to tighter loan conditions imposed by financial institutes.
The transfer of horizontal residences saw a larger decline compared to condominium transfers, with the total value of transferred units reaching its lowest point in 19 quarters.
In the first quarter of 2024, residential property transfers to buyers decreased by 13% compared to the same period in the previous year, as reported by the Real Estate Information Centre (REIC) of the Government Housing Bank. From January to March, a total of 72,954 units were transferred, which is the smallest number recorded since 2018.
By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-12-18 20:14
China has executed housing acquisition projects in more than 10 cities, converting unsold commercial homes to more than 10,000 units of affordable housing in the latest progress of the country’s ratcheted-up efforts to stabilize the real estate market, industry data indicated.
The participating cities include Chongqing and others in provinces such as Jiangsu, Hubei, Henan, Jilin, Zhejiang, Hebei, Sichuan and Anhui, supported by a central bank lending tool that provides banks with low-cost funding to finance the acquisition projects.
In 2024, the JP Morgan Asia Credit Non-Investment Grade Index continued to build on its positive total return with the index up by 16.1% year-to-date (as of November 8), outperforming both US and European high yield (HY) indexes.1 The high total return has been driven by spread tightening across various sectors aside from just the real estate sector, as evidenced in Table 1.
Table 1 – JP Morgan Asia Credit Non-Investment Grade Index return attribution by sector
Source: JP Morgan, Aladdin, data as of 8 November 2024. Past performance is no guarantee of future results. An investment cannot be made directly in an index.
We expect growth to continue to slow in the near term, followed by a reacceleration through 2025, which should foster a favorable environment for risk assets globally.
Executive summary
Many of the world’s central banks, having largely succeeded in curbing inflation, are now easing monetary policies with the aim of stimulating growth. In 2025, we anticipate signs of economic deceleration to be counteracted by the supportive impact of the global rate-cutting cycle. In other words, we think we are seeing a soft landing.
We expect a near-term growth slowdown followed by a reacceleration through 2025. This should create a favorable environment for global risk assetsR
John F. Kennedy and Marilyn Monroe were rumored to have rendezvoused at the Palm Desert house, which the current owners bought for around $3 million in 2012.
‘Dumb and Dumber’ Producer Brad Krevoy Lists His Ocean-View Malibu Estate for $8.5 Million
The Motion Picture Corporation of America CEO purchased the beach getaway in 2019 for nearly $7.8 million.
Brad Krevoy doled out a speck under $7.8 million for a bluff-top estate in the heart of Malibu, in the Sycamore Park enclave across Pacific Coast Highway from the Pacific Ocean, back in 2019. Now, five years later, the veteran entertainment industry executive’s coastal getaway has popped up for sale. But if you’re hoping to score the property, you’re probably out of luck. Records show it’s already under contract to be sold after barely a week on the market.
Listed by Kathryn Bentzen of Coldwell Banker Realty for a speck under $8.5 million, the roughly 1.7-acre parcel is tucked away behind high walls and gates. Multiple structures include an Australian farmhouse-style main home, plus a guesthouse, a pool house with changing facilities and a gym—for a combined total of seven bedrooms and nine baths in about 6,400 square feet.
The 1.7-acre spread has an Australian farmhouse-style main home surrounded by palm-laced grounds.Scott Everts/SAE Photography
The fully updated two-story primary residence is adorned throughout with dark hardwood floors and soaring vaulted and beamed ceilings. Highlights include a living room sporting an ornate stone fireplace and French doors spilling out to a wraparound veranda, as well as a wood-paneled dining area that connects to a gourmet kitchen outfitted with stone countertops, dual islands, and a pricey La Cornue range. Five en suite bedrooms include a posh primary retreat flaunting a fireplace, a private patio, and a luxe bath equipped with dual vanities, a vintage clawfoot soaking tub, and a roomy freestanding shower.
‘Masters of Sex’ Star Lizzy Caplan Lists Her Hollywood Hills Home for $2.85 Million
The 3-bedroom modernist retreat above L.A.’s Bronson Canyon has a peek-a-boo view of the famed Hollywood Sign.
About four years before Lizzy Caplan married English stage and screen actor Tom Riley (and not too long after she split up with late actor Matthew Perry), the veteran film and television actress plunked down a tad more than $1.8 million for a circa 1961 modernist home in Los Angeles that nearly a dozen years later has popped up for sale with a $2.85 million price tag. Patricia Ruben of Sotheby’s International Realty—Los Feliz Brokerage holds the listing.
Alternatively, the 2,100-square-foot, three-bedroom, two-bath Hollywood Hills home, on a quiet street above Bronson Canyon in the Los Feliz Oaks neighborhood, is also available for rent at $15,000 per month, down from the original ask of $17,500 per month.
The kitchen’s emerald-green cabinets contrast with the wood ceiling and butcher block island.Jo David for Sotheby’s International Realty
Beyond the gated courtyard entry and through the front doors, an atrium is bursting with lush greenery. Pale wood floors flow into the living room, anchored by a whitewashed raised hearth brick fireplace. Glass sliders open the room to the backyard, and clerestory windows bring tons of light into the fashionably eclectic space. A cozy adjoining sitting area is decked out with a curvaceous built-in sofa alongside built-in bookshelves.
The nearby kitchen, fitted with chef-grade appliances, emerald-green laminate cabinets and a rustic butcher block island set below two Moroccan lanterns, is open to a relaxed dining area that spills out to the backyard through more sliding glass doors.
Paul Newman and Joanne Woodward’s Manhattan Pied-à-Terre Can Be Yours for $10 Million
The Oscar-winning Hollywood legends owned the terraced Fifth Avenue penthouse since the early 1980s.
One of Hollywood’s most successful and enduring couples, Paul Newman and Joanne Woodward, long made their home on a 6.8-acre spread in Westport, Connecticut. For decades, they also maintained a penthouse pied-à-terre that Woodward, sixteen years after Newman’s death, has just hoisted onto the market for $9.95 million. Maintenance charges tally up to more than $13,000 per month, according to listings held by Noble Black and Jennifer Stillman of Douglas Elliman Real Estate.
According to The New York Times, the couple acquired the penthouse in the early 1980s and used it for weeks-long stays in the city and for entertaining prominent, high-powered friends such as Barack Obama, Bill Clinton, Tom Cruise, Cher, and Harry Belafonte. The sale is being handled by the couple’s children on behalf of Woodward, who largely retreated from public life after she was diagnosed with Alzheimer’s disease in 2007. Carefully maintained but not updated much in recent years, the top-floor spread retains original prewar features like nearly 11-foot ceilings, herringbone wood floors, a wood-burning fireplace, and decorative wood moldings and built-ins.
Newman was a skilled jazz and blues pianist who kept a grand piano in the living room.Evan Joseph Studios
The apartment is one of two penthouses atop a handsome, J.E.R. Carpenter-designed limestone-clad building, which was completed in 1925 and stands at the corner of East 93rd Street and Fifth Avenue across from the Jacqueline Kennedy Onassis Reservoir. One of the more distinguished cooperative apartment houses on Fifth Avenue, other notable residents over the years include another entertainment industry couple who have been married for decades, Michael J. Fox and Tracy Pollan, and James Gorman, the former CEO of Morgan Stanley, who will become chairman of The Walt Disney Company next year.
Rupert Murdoch Takes a $20 Million Loss on His New York City Penthouse
The media tycoon took in just $23.8 million for the triplex aerie at One Madison that he acquired a decade ago for $43 million.
After a dizzying two years on and off the market and numerous price chops, Rupert Murdoch has finally sold his penthouse in New York’s Flatiron District to an as-yet-unidentified buyer for a speck under $24 million. The Fox News and News Corp owner bought the triplex at the One Madison tower in 2014 for a whopping $43 million, which means he took a stunning $20 million loss on the property, not counting carrying costs, improvement expenses and real estate fees. The nonagenarian billionaire originally aimed for a much higher (and profitable) sum when he first listed the apartment in 2022 for $62 million. Alas, failing to find an interested party at that sky-high price, the media magnate’s mansion in the sky received several price chops. It was last discounted in June to its final ask of $28.5 million.
The reason for the reductions was to keep the residence in line with comparable values in the area, Kyle Blackmon, the head of luxury sales at Compass, who represented the property, toldCrain’s New York Business over the summer. “My client is a realist, and he is very astute about how markets function,” Blackmon explained to the newspaper.
Rupert Murdoch’s triplex penthouse at One Madison in New York City just sold for $23.8 million.Anton Brookes | H5 property
The condo occupies the 58th, 59th, and 60th floors of the bronze and glass skyscraper and has been renovated during Murdoch’s decade-long residence. Altogether, the three-level spread comprises six bedrooms and six and a half bathrooms across its 7,143 square feet and is decked out with double-height, floor-to-ceiling windows that offer up panoramic views of the Empire State Building, along with the gold dome that caps the New York Edition hotel. And, for those with no fear of heights, a slender terrace wraps around the great room.
