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FOR THE WEEK OF January 20th to 26th, 2025

Greetings,
 
As January unfolds, the real estate market is gradually gaining momentum, signaling an exciting start to 2025. This past week (Jan 20th – 26th) saw a modest number of homes sold, but there’s encouraging growth in properties going under contract and moving into pending status as more homes are being listed on the market. Both buyers and sellers are re-engaging as we transition out of the holiday season, and this gradual uptick reflects growing optimism as we progress further into the year.
 
2025 Luxury Outlook Report
We are thrilled to share the 2025 Luxury Outlook Report, exclusively presented by Sotheby’s International Realty. This insightful resource offers a comprehensive analysis of global trends in high-end residential markets and provides a forecast of key developments for the year ahead.
 
Here are some highlights from this year’s report:
  • Global Wealth Transfer: The anticipated US$84 trillion intergenerational wealth transfer is poised to reshape investment strategies and create new opportunities in luxury real estate.
  • Price Normalization: Projected price adjustments in 2025 may offer strategic entry points in key markets for buyers and investors.
  • Global Mobility: The report tracks 135,000 high-net-worth individuals projected to relocate this year, spotlighting emerging luxury hubs worldwide.
  • “Best Place to Live” Impact: Rankings of the “Best Place to Live” are significantly influencing property values and inventory levels, especially in sought-after locations.
This report is essential reading for anyone looking to make informed decisions in the luxury market and navigate its dynamic landscape.
 
Lunar New Year Wishes
As we celebrate the Lunar New Year on January 29, 2025, we welcome the Year of the Wood Snake—a year symbolizing wisdom, intuition, and transformation. The Wood element highlights growth, flexibility, and personal development, inspiring us to embrace opportunities for change and progress.
 
We wish you and your loved ones abundant joy, prosperity, and success in this new year. May wisdom guide your decisions, growth empower your journey, and transformation lead you to new heights.
 
Our Commitment to You
Your trust, support, and friendship mean the world to us. As we embark on this promising year, we remain dedicated to helping you achieve your real estate goals with expertise and care. Whether you’re considering buying, selling, or exploring opportunities in 2025, we’re here to guide you every step of the way.
 
Let’s make this year one of growth, success, and great achievements—together!
 
Wishing you health, happiness, and endless blessings in the Year of the Snake.
 
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
The Sotheby’s International Realty® brand’s 2025 Luxury Outlook℠ report explores global trends in high-end residential markets and forecasts key developments for the year ahead. It highlights how the US$84 trillion intergenerational wealth transfer will reshape investment dynamics, while anticipated price normalization in 2025 may present strategic entry points in key markets. The report tracks where 135,000 high-net-worth individuals are projected to relocate in the coming year, offering insights into luxury hubs around the world, and how “Best Place to Live” rankings impact property values and inventory – from Vienna, Austria to Naples, Florida.
The 2025 Luxury Outlook report, exclusively presented by Sotheby’s International Realty, provides essential navigation through today’s dynamic real estate market to help you make informed decisions.

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