Pinnacle Ventures的动态

Anyone who was paying attention knew China’s real-estate market was a bubble. But the boom was too seductive to pass up. In 2016, when New York hedge-fund manager Parker Quillen visited a?glitzy new development?in northern China called Tianjin Goldin Metropolitan, he wondered how on earth the developer would fill all that space. It had apartments starting at $1 million and plans for an office tower bigger than the Empire State Building, an opera hall, shopping malls and hotels. Its total square footage was to exceed the land area of Monaco. Was there a plan for attracting buyers? Quillen asked. Polo, said the marketing agent showing him around.? “Polo? You mean the horse thing?” he asked.? “Exactly,” he recalled her saying.? The agent, dressed in riding gear, led him through a stable with more than 100 polo ponies. Quillen asked if Goldin’s founder, a billionaire polo enthusiast who got rich selling computer monitors, had done a viability study for the project. She said she had no idea. “Then I realized that the vision was that international executives would come to Tianjin and set up their corporate headquarters here because they like polo,” Quillen said. “I was like, oh my God.” When Quillen returned to New York, he poured more money into his wagers against Chinese property stocks.?(And lost a lot of money.) This is how the Chinese property sector made so many, many people rich, and how it all crumbled to pieces. The Wall Street Journal #china #property

Why do we prefer UK's #GoldenGooseProperties over luxury markets like Japan? While on the ground in Japan, Daniel reveals the winning formula behind investing in the UK's real estate market in this new video - watch the link in the comments! Don't forget to subscribe and stay tuned for part 2, where he shares more! ???? #BPDR #InvestmentStrategies #PassiveIncome #propertyinvesting ????

BoF is reporting the biggest issue for luxury is plummeting demand in China (struggling to bounce back from Covid-19). The real estate sector accounting for 70 percent of China’s household wealth remains in crisis. So what is luxury, really?

Luxury Outlook: Currency Fluctuations Lift International Luxury Purchases Explore the far-reaching impact of the U.S. dollar in the 2024 #LuxuryOutlook report, offering a comprehensive global perspective. Read more at luxuryoutlook.com #Sothebys #SothebysRealty #PalmSprings #PalmDesert #RealEstateStrength #TurningDreamsIntoKeys #LaQuinta #IndianWells #RanchoMirage

???????? ?????????????? ???? ???????? ??????: ???????? ????????’?? ?????????????????????? ???????????? ?????? ?????? ?????????????? ?????? ???????????? ???????????????????? Hong Kong's rise as a global family office hub is gaining momentum, offering a comprehensive ecosystem for ultra-high-net-worth individuals and families. In a remarkable feat, Hong Kong has surpassed London to become the world's second-largest contemporary art auction market, trailing only New York. This achievement is underscored by the impressive 19.3% year-on-year growth in the trade value of art and antiques, which reached a staggering $105 billion in 2023. The city's allure for art enthusiasts is amplified by major international auction houses. Both Christie's and Sotheby's have chosen Hong Kong as their Asia Pacific headquarters, recognizing its potential to meet the growing demand from art investors and collectors. Year-round auctions and events in Hong Kong offer family offices opportunities to expand their art portfolios and engage with the global art community. This thriving art scene enhances Hong Kong's strengths as a family office hub. The city offers sophisticated financial infrastructure, world-class services, and a strategic East-West location. As it evolves, it presents unique opportunities for family offices seeking financial expertise, cultural richness, and artistic excellence. #InvestHK #Christies #Sothebys #HongKong #NewYork

Join me over on YouTube for this week's look at the State of The Market where I share all of the latest, need-to-know information about our fast-moving New York City real estate market. ? ? Subscribe so you don't miss future real estate market updates!

Join me over on YouTube for this week's look at the State of The Market where I share all of the latest, need-to-know information about our fast-moving New York City real estate market. ? ? Subscribe so you don't miss future real estate market updates!

???? How have foreign buyer restrictions impacted Toronto's luxury real estate market? Our experts break down the effects and discuss the delicate balance of welcoming international buyers. Dive deeper into this hot topic on the latest Wealth Eazy episode. ???????? ???????????? ???????? ????31. Watch: https://lnkd.in/gqUpwNUQ Listen: https://lnkd.in/gTn9rHwN #WealthEazy #WealthWithoutWallStreet #wealth #Entrepreneu #financialfreedom #business #financxialplanning #financialeducation

The comparative analysis of the legal framework between France and Italy, with a focus on the enforcement of FDI control and recent cross-border transactions, especially in luxury and real estate sectors, will be the main topic of the 14th IBA French-Italian Day organized by International Bar Association in Paris on Thursday 28 November 2024. ? Umberto Borzi, Partner #Chiomenti, will participate in the second session, “Luxury real estate: recent French – Italian transactions”, offering insights into market trends and best practices within the luxury property transactions landscape. It will be an opportunity to highlight recent key transactions and address cross-border challenges faced by practitioners.? #IBA #IBAFrenchItalianDay #luxury #realestate

? Today's BUYER TIP from Richard Silver, Certified International REALTOR?, featured in Secrets of Top Luxury Agents: ?? "Agents should clarify the implications of legalities for buyers, such as the need for a bank trust to purchase properties near the shore in Mexico." (Chapter 5) ?? Lesson: Understanding international property laws ensures smooth transactions for luxury buyers. Get your free copy today to uncover more expert insights! ???? #LuxuryRealEstate #BuyerTips #RichardSilver #RealEstateExperts #ProveThemWrong #LUXE