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WALL STREET JOURNAL REAL ESTATE NEWS

Hong Kong Peak Property
Perched near the top of Hong Kong's priciest neighborhoods is this European-style townhouse with panoramic views of the city skyline and subtropical forests covering the mountainside.

A Modern 'Traditional' in Sag Harbor
This 'traditional-style' home in Sag Harbor, N.Y., conceals a decidedly modern streak?it was built recently.

A Riverfront Jaguar Lair
This 14,000-square-foot house on the St. Johns River is coming up for auction on May 24 with no minimum bid. The owners used to own the Jacksonville Jaguars football team, thus the painting of three jaguars that hangs over the fireplace in the living room and which comes with the house.

Alpine Retreat in New Zealand
This seven-bedroom house in Queenstown, New Zealand, with lake and mountain views has been used as a bed and breakfast for the past decade.

Brookfield to Spin Off Holdings
Brookfield Asset Management plans to bundle together its wide array of commercial-property holdings into a new publicly traded subsidiary, with an eye toward further growth.

A Sea View in Devon
Built at the mouth of the River Avon in southwest England, this five-bedroom 1920s home overlooks popular surfing spot Bantham Beach.

On the (Old) Road to New York
This 18th-century estate in New York's Westchester County includes a centuries-old milestone used to direct stagecoach drivers and once had its own baseball team.

Is Now the Time to Buy Your First House?
Yes, says RBC Global's Eric Lascelles, who believes homes are more affordable than they've been in quite a while. No, says economic consultant A. Gary Shilling, who contends that home prices have 20% or more to drop before they hit bottom.

Modern Country Home
This recently completed five-bedroom house is located in quiet countryside about an hour from central London.

A Jungle Retreat in Bali
Set within the Balinese hinterland is this four-bedroom house built from old telegraph poles. The two-acre property includes a two-story guesthouse and an infinity pool.