‘Green’ Songdo City Moving Ahead
Unlike many grandly-announced ambitious eco-cities, Songdo in South Korea is actually happening. The first phase of the 1,500-acre complex west of Seoul opened earlier this month, promising, among other things, to set a new standard for green cities in Asia.
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Inside the Trump Tower in NYC
Luxist offers a glimpse at what $14.9 million buys in the Trump Tower on Fifth Ave. in New York City. The 48th floor duplex with 4 bedrooms and 4.5 baths offers floor-to-ceiling windows with panoramic views of the city. And the master bedroom is “designed so that the bed is positioned perfectly so that Central Park views are the first thing you see in the morning for a very master-of-all-you-survey feeling.” So it has that going for it. Read more
Dubai Faces Sea of Empty Units
Somehow this is not a big surprise: Dubai, the poster child for the boom years, is facing a surplus of 31,000 homes by the end of the year, according to a new JP Morgan report.
You don’t need a fancy economic degree to figure out the reasons for the sea of empty homes. “Modest economic forecast and negative population growth estimates” are blamed for the surplus. In other words, the flow of overseas buyers has dried up for all those new, ground-breaking, one-of-a-kind developments.
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