Source: Australian Property Monitors
Australian cities fail to make sustainable top 10
Across the world cities are failing to meet the needs of their people according to the inaugural Sustainable Cities Index from consultancy firm Arcadis. The Index explores the three demands of social (People), environmental (Planet) and economic (Profit) to develop an indicative ranking of 50 of the world’s leading cities. This year’s study found that there is no single city gaining top scores on all three metrics which highlights the difficult balance between the three. The top 3 cities overall are Frankfurt followed by London and Copenhagen. European cities dominate the top 10 although Seoul, Hong Kong and Singapore rank 7th, 8th and 10th respectively. Sydney is at 11 overall and ranks highly for social needs but is dragged down in the profit and planet elements. Melbourne is 17th overall; 8th for people, 5th for profit but a poor 23rd for environmental sustainability. Read the full report.Source: Arcadis
Singapore style luxury comes to Oz
Luxury apartment blocks in Singapore frequently include a private club for the use of residents and now a developer from the city-state is including the idea in its first Australian apartment tower. Hiap Hoe’s Marina Tower in Melbourne’s Docklands will feature an exclusive leisure facility for its residents including a library, billiard room, dining room and kitchens, cinema and rooftop pool. Pricing for the apartments has not yet been announced but the development will be completed in 2017 and will be launched in Singapore.
Source: The Australian
Collections: Mortgage News
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