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Housing crunch turns urban living into luxury good

  Bloomberg After World War II, the economic center of gravity in the U.S. began shifting from the cities to the suburbs — and that shift continued for more than a half-century. In the past few years, though, there’s been lots of talk about the trend reversing. What does the evidence show? Well, it can be a little confusing. Here, ...

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Singapore realtor sees cheaper deals

  Bloomberg City Developments Ltd., Singapore’s second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide. “We are coming into a very good time for acquisitions,” Grant Kelley, CEO of City Developments, said in an interview in Singapore. “The long-term trend line for assets for the next 12 to 24 months could ...

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A $26.5mn mansion that’s good for the environment

    Bloomberg In the pre-crash days, sustainable building materials and low-flow toilets became part of the common real estate conversation: Slap “eco” on a home, the thinking went, and it was more valuable, not just to the earth but to the homeowner. The most direct path to an officially green building was through third-party certification—if the building could check ...

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