$29,900,000 PENTHOUSE IN SUNNY ISLES BEACH

29.900.000 USD

PENTHOUSE IN SUNNY ISLES BEACH

This incredible pre-construction luxury for 29.900.000 USD will include 11.660 square feet of interior and more then 7.500 square feet of terraces which includes a pool overlooking the ocean.

For more info or to schedule the showing contact Sydney S. Budina at sydneybudina@gmail.com or call +1.786.327.8963

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DEVELOPMENT METROPICA

Metropica

DEVELOPMENT YOO AT METROPICA | TOWER 1

DEVELOPER The Trillist Companies, Inc.

LOCATION 1800 NW 136th Avenue, Sunrise, Florida 33323

TOTAL RESIDENCES 263

STORIES 28
UNIT MIX 1, 2 and 3-bedroom
SIZE RANGE 740 – 1,379 square feet

EXPECTED GROUNDBREAKING 1st Quarter 2015
EXPECTED TOP OFF 1st Quarter 2016
EXPECTED DELIVERY 3rd Quarter 2016

PROJECT DESCRIPTION
YOO at Metropica will be located within a 65-acre master planned development.

The community will provide a multitude of amenities such as
• Conveniently located shopping and retail stores
• Multitude of restaurant dining experiences
• Outdoor wifi stations to enable enjoyment of green spaces
• Five-star health, wellness and fitness facility
• A resort-styled, South Beach inspired “beach club”
• A community oasis that will provide a retreat from the residential towers into a
serene setting
• 7th floor recreational amenities such as a tennis club, mini-soccer fields and more.
• 650,000 square feet of office space
• 2,250 residential units
• 3,600 retail area parking spaces
• Two hotel, 120 rooms each
• 485,000 square feet of fashion, lifestyle, restaurants and entertainment
• 4,000,000 sf of total project size

BUILDING AMENITIES
• Resort-style pool with sun-shelf lounging area
• Pool-side cabanas and shaded lounge areas
• Fully equipped 24-hour fitness center featuring multipurpose fitness studio
• Indoor and outdoor massage therapy rooms and indoor steam room and sauna
• Two full size tennis courts
• Outdoor area for yoga classes
• Outdoor cross-training facilities
• High-speed WIFI throughout all common areas
• 24-hour concierge and security service
• Full time maintenence staff
• Indoor clubroom with bar, lounge, catering kitchen and event / party space
• Outdoor summer kitchen and dining areas
• Outdoor game area
• Children’s indoor play areas
• Indoor surround sound movie theater
• Bike share and repair facility
• Starbucks coffee lounge
• Signature ‘Pet Respite’ featuring indoor pet facilities, including dog grooming
• Climate-controlled storage facilities (available as an upgrade)
• Resident Package Concierge Program
• Rental program fully administered by Metropica Realty for total convenience

For more info about this project contact Sydney S. Budina at sydneybudina@gmail.com

The share of U.S. homes purchased by international buyers is on the rise

The share of U.S. homes purchased by international buyers is on the rise. 

As HousingWire reported on Tuesday, international buyers spent nearly $100 billion on properties and investments from April 2013 to March 2014.

The $99.2 billion that international buyers pumped into the market in from April 2013 to March 2014 represents a substantial increase from the previous 2012-2013 level of $68.2 billion, according to the National Association of Realtors.

According to the NAR report, Canada maintained the largest share of purchases, dropping from 23% in 2013 to 19% in 2014; however, China held the lead in dollar volume, purchasing an estimated $22 billion with an average sale cost of $590,826.

China was also the fastest growing source of transactions, now accounting for 16% of all purchases, up 4% from last year. Domestically the Chinese are facing their own property meltdown, one that could help push real estate investors into new markets.

For those so inclined, Forbes provided a slideshow list to the most popular real estate markets by country for Chinese investors.

Of note in that data is the increase of Chinese buyers from 2013 to 2014. Paul Diggle, property economist at Capital Economics, suggests that the increase in Chinese buyers could be a harbinger of things to come.

“This bigger picture hides a rapid rise in purchases by Chinese investors, who may overtake Canadians as the largest group of foreign buyers of US housing within the next five years,” Diggle said.

Diggle expands on the increase in the share of Chinese buyers over the last few years in his U.S. Housing Market Update. “The upshot is that the share of foreign homebuyers who are Chinese increased to 16% in 2014, up from 12% in 2013 and just 5% back in 2009,” Diggle said.

“Put another way, the value of homes bought by Chinese buyers in the US has increased from $1.2 billion to $7.5 billion, or slightly more than 500%, over five years.”

Despite the tremendous growth of Chinese buyers, the share of international buyers still only represent 3.8% of the total property sales in the U.S., according to Diggle.  That’s up from 3.2% in 2013, but it’s below the 4.4% share in 2012 and the high of 4.6% in 2010.

“Looking ahead, tightening monetary policy will support the dollar and ensure overall foreign demand remains a relatively small part of the housing recovery,” Diggle said.

“But that will disguise the growing presence of Chinese buyers, who will outweigh Canadians as the largest source of foreign demand within five years should the trends of the past five years continue,” Diggle added.

“The strength of Chinese demand is another reason to watch closely developments in the Californian housing market, where housing is now no better than fairly valued at the statewide level and starting to look frothy in a number of metros.”

Sources:

HousingWire
National Association of Realtors