As the world’s wealthy relocate, rewriting the property map, will Hong Kong win out?
From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The firm, which handles more than US$300 million in annual sales, has hired six new staff members since... [Continue Reading]
Vandals damage 30 parking meters in Scottish seaside town amid resident opposition to new parking regulations
An upmarket seaside town in Scotland has descended into chaos as residents vehemently oppose new parking meters recently installed by the local council. In a wave of anger, vandals have targeted 30 out of 40 machines, causing an estimated £38,000 in damages before any fines could be issued. The defiant actions include spray-painting the machines with graffiti, covering them in glue, and applying stickers urging community members to ‘Resist!’ the parking rules. East Lothian Council had initially planned to implement the new parking regulations this week, offering motorists a 45-minute grace period for free parking on the high street. However,... [Continue Reading]
