Once-luxury Cherry Hill apartments hit hard times - Philadelphia Daily News
Developer Jeffrey Hirschfeld, who bought the property in March 2008 with partner Dubai Investment Group Why the renovation fell apart is unclear, though both demand for luxury apartments and the construction of new buildings has slowed.

Chinese Farmers Are Cashing Out Their Life-Sustaining Real Estate For - The Business Insider
While government regulations may have smashed the Beijing property bubble , at least temporarily received big compensation for the loss of land due to urbanization are spending heavily on luxury cars and gambling. The paper warns of the

Greek debt crisis doubts over Singapore's luxury - Xinhua News Agency
SINGAPORE, May 13 (Xinhua) -- Demand for high-end homes in Singapore may lose steam even as the previous quarter saw unprecedented growth for such homes, local newspaper the Straits Times said on Thursday. Analysts said that despite increasing demand