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Reuters (April 12)

2018/ 04/ 14 by jd in Global News

“At New York’s Trump Tower, condo prices have lost their glitter.” It’s not just because of the recent deadly fire, it’s also “the constant presence of armed guards and Secret Service agents,” as well as the unwanted association with the President. “Since 2015, prices at Trump Tower have dropped 30 percent per square foot compared with an 8 percent fall in comparable properties on Manhattan’s Midtown East Side.”

 

Wall Street Journal (October 24)

2013/ 10/ 25 by jd in Global News

“After earning big profits at home, Chinese investors are looking abroad for safer assets that offer steady returns. They are shifting their increasingly valuable currency out of China’s expensive property market and into the likes of Manhattan and San Francisco—bargains by comparison.”

 

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