YEARBOOK 2024
A LOOK BACK ON THE YEAR IN HIGHLIGHTS
MORE CONNECTIONS, MORE GROWTH, MORE STORIES… THE EXTRAORDINARY POWER OF THE NETWORK
YEARBOOK 2024
A LOOK BACK ON THE YEAR IN HIGHLIGHTS
MORE CONNECTIONS, MORE GROWTH, MORE STORIES… THE EXTRAORDINARY POWER OF THE NETWORK
Pendry Residences Natirar Peapack-Gladstone, New Jersey, USA
Turpin Realtors
As a member of Forbes Global Properties—the exclusive real estate partner of Forbes—we are proud to be part of the invitation-only network that connects buyers and sellers of the world’s most prestigious properties.
We’re also proud to share this collection of 2024 highlights with you. The Storied Yearbook presents some of our top sales and listings of the year alongside insights and innovations from our fellow real estate experts in more than 600 residential market locations worldwide.
Whether you’re buying, selling or browsing, we hope you enjoy these insights into what makes Forbes Global Properties unique, helping members to engage with an increasingly global audience of discerning buyers, sellers and investors.
A YEAR FOR CHANGE, COLLABORATION, CREATIVE THINKING
What a year we’ve had! Stronger ties and renewed energy defined 2024 as we watched our network grow and forge new and powerful connections.
In 2024, we welcomed 12 new broker members across Europe, the Middle East and the United States, expanding our global reach to some 600 locations in 24 countries – a remarkable milestone. We met in person in Portugal with our European FGP colleagues and in New York with industry peers to discuss the impact of NAR changes. We attended Forbes events in Bangkok, India, Croatia, Hamburg, Milan, Como, Venice, Monaco, Miami, West Palm Beach, New York City, Athens, Florence, Portugal, Beverly Hills and Costa Rica.
The year also brought its challenges, with regulatory change, policy shift and market volatility. But by leveraging the power of the Forbes Global Properties network – and our unique relationship with Forbes – you have leaned into our collective strengths to find new partners and clients. And, of course, to continue to deliver the listings that demonstrate our unparalleled access to the world’s most exceptional properties.
As we close out this year and plan for the next and beyond, I’m delighted to present some 2024 highlights that celebrate our mutual successes and reflect on a year of change, collaboration and creative thinking.
Michael Jalbert Chief Executive Officer
THE POWER OF OUR GLOBAL NETWORK
More members. More connections. An even stronger network.
Across the Forbes Global Properties network, brokers and agents have been working together to refer clients and reach new markets. More proof of the truly global power of our member-focused model.
“ Our listing was featured in various ways on the Forbes Global Properties platform. Slifer Smith & Frampton Vail Valley also featured the listing in their publication… The home hasn’t sold yet, but the exposure we’ve been able to get through these outlets has generated additional listings.”
– James Watts, Coastal Abode
“We’re currently partnering with the team at Elegran to gain a tranche of listings with a developer contact who has multiple branded new developments in the Miami area.”
– Aaron Fisk, The Keyes Company
“ We’ve seen increasing synergies between the NYC and Italian markets. Several Elegran agents have built strong relationships in Italy, notably through our collaboration with Building Heritage. Currently we’re working on exciting collaboration opportunities to list and sell property , including a vineyard in Tuscany. ”
– Jared Antin, Elegran
The Bahamas
Turks and Caicos Islands
ASIA/ OCEANIA
Australia
Hong Kong
India
New Zealand
EMEA
Abu Dhabi
Croatia
Dubai
France
Germany
Greece
Italy
Monaco
Portugal
Ras Al Khaimah
Saudi Arabia
Spain
Switzerland
Türkiye
United Kingdom
GLOBAL GROWTH
2024 saw 12 new members welcomed into the Forbes Global Properties network, bringing our reach to 24 countries in 600 locations, supported by 19,000 agents.
Members are continuing to attract new talent, open new offices and nurture international relationships.
Meanwhile, CEO Michael Jalbert and Director of Business Development Marcus Benussi have been collecting passport stamps as they travel the globe meeting with existing members and scouting new ones whose ethos matches ours.
“We have a new office planned for 2025, three additional sales managers, 10 new agents and continued relationships with other countries.”
– Peter Stephen Garvey, Best Invest, Türkiye
New to Forbes Global Properties in 2024
– Broker Group Croatia
– Castellanum South Tirol/Trentino/Lake Garda, Italy
– Coastal Properties Tampa, Florida, USA
– Doerfort Hamburg, Germany
– Luxury Living Costa Rica
– Majeli Vassart Como, Italy
– Michael Saunders Sarasota, Florida, USA
– Ravagnan’s Venice, Italy
– Roula Rouva Real Estate Greece
– Tea Lane Associates
Martha’s Vineyard, Massachusetts, USA
– Launching soon
Saudi Arabia
– Launching soon
Abu Dhabi and Ras Al Khaimah, UAE
Global Business Case Study
Expanding into the growing Asian market
“One area of business expansion we’re developing is through referrals from the expanding Asian market in the Tahoe-Reno area. Ming Poon, a standout member of our team, has been at the forefront of this expansion, leveraging his deep cultural understanding and language skills in Mandarin. He has established key relationships with buyers, sellers and agents, including out-ofstate connections, and we are actively fostering a referral connection with our Forbes-affiliated OKAY Group in Hong Kong.
Looking ahead, we expect this demographic to grow as more Chinese nationals immigrate to the U.S., particularly drawn to opportunities in tech and real estate. Tahoe, Truckee and Reno offer an appealing lifestyle for these buyers, many of whom are seeking second homes or investment properties for family use.
Ming Poon’s ability to connect both culturally and linguistically has made him a preferred agent for these clients, offering tailored services that resonate with their needs.His skill set uniquely positions him to serve clients seeking a deeper connection to Tahoe’s lifestyle, while also looking for valuable investment opportunities.”
– Jasmine Watts Tahoe Mountain Realty, California, USA
PROPERTY HIGHLIGHTS
Exclusives. Record prices. Dream teams. Deals of the year.
In a year of challenging markets, regulatory change and uncertain geopolitical shifts, our network continued to secure leading listings that engaged sellers and attracted buyers. Result? A year’s worth of truly impressive deals. More to come!
Hawai’i Life, Hawaii, USA
US$38.5 million
47 Malukai Lane, Kihei, Maui
Agent Dave Richardson handled both sides of this exclusive off-market, under-NDA sale, the highest to date on Maui in 2024.
Driven Properties, Dubai, UAE
AED505 million / $US137.5 million
Emaar Square Building 3, Dubai
A record price on a prestigious office address spanning nearly 379,000 square feet.
FGP Swiss & Alps, Geneva, Switzerland
Price on application
Vandoeuvres, Geneva, Switzerland
“In 2024, we had the privilege of listing the ex-private residence of a former UN SecretaryGeneral. The property’s connection to a figure of global stature elevates its allure, making it a jewel in the high-end market.”
Illustrated Properties, Florida, USA
US$25 million
250 Palmo Way, Palm Beach
Prestige off-market listing sold by listing agents Marley Goodman and Nicolette Goldfarb.
Higgins Group Real Estate, Westport, CT, USA
US$8 million
61 Falcon Road, Guilford
The sale of this exceptional 7,600 sq ft, 5-bedroom home on 2 acres was Guilford’s highest priced to date, listed by Rick Higgins and Lisa Jones.
Baker & Co, Houston, Texas, USA
US$2.8 million
742 E Creekside Drive, Houston
Buyer’s agent Jaime Baker negotiated a $195,000 reduction on one of the highest price per sq ft homes in the Hunter’s Creek neighborhood.
Tahoe Mountain Realty, Nevada, USA
US$4 million
“This chalet represents not just a residence but a landmark deeply embedded in the resort’s legacy. One of the most talked-about listings in the Tahoe region.”
387 Peninsula Ridge Lake Keowee, South Carolina, USA
Justin Winter & Associates
Sugar Bowl chalet
Truckee, California, USA
Tahoe Mountain Realty
“ We’ve listed some of the most exclusive properties in New Zealand, including Parore, an exceptionally private NZ$35 million new home to be built amidst Queenstown’s mountainscape.”
- Anthony Morsinkhof, PQ Property Intelligence
“ In Super-Prime Lettings (rentals above GB£5,000 per week), we’ve seen 15% more move-ins YTD (end October 2024) compared to the whole of 2023!”
- Rebecca Hill, Chestertons
Parore
Queenstown, Central Otago, New Zealand PQ Property Intelligence
Chelsea townhouse London, UK Chestertons
And the deals just kept coming…
Chestertons, London, UK
GB£18,000 per month
Upper Richmond Road
Stephanie Russo, Director of Super Prime Lettings, achieved £6,000 per month over asking: “We let it on the first viewing, after it had been marketed with two other agents for two months.”
Justin Winter & Associates
South Carolina, USA
US$8 million
387 Peninsula Ridge – The Reserve at Lake Keowee
Under contract in just 3 days.
Rimontgó, Valencia, Spain
Price upon request
Casa Paulera, Sierra de Carzola, Andalusia
This supremely private hideaway is on the market for the first time since it was built in 1994 on 32 hectares of national park within one of the world’s most important biodiversity zones.
Casa Paulera
Sierra de Carzola, Andalusia, Spain Rimontgó
“This is not a typical residential or commercial property – it includes one of the most exclusive restaurants on the Adriatic at one of the most prestigious locations on the Mediterranean.”
- Dino Vulić, Broker Group
Zori Timeless Residences
Hvar, Croatia Broker Group
“One sale this year ($US4.2m) came about thanks to a friendly conversation Jim Dolan had at the bar at the Vail conference with Emma Sinanian of LPR Luxury. That’s the power of the Forbes network, of the Forbes referral.”
- Sarah Bender and Erick Sakal, CDR San Miguel
Casa Acanto
San Miguel de Allende, Mexico CDR San Miguel
107 Rockledge Road
Vail, Colorado, USA
Slifer Smith & Frampton
Photo: Stovall Studio
OKAY.com, Hong Kong
HK$122m / US$15.7m
21/F Grosvenor Place
At 1,975 sq ft, this prestigious Repulse Bay apartment was OKAY’s most expensive of the year at $US 7,949 per sq ft, despite closing, says CEO Jordan Han Miller, “amidst the worst real estate market conditions on record in Hong Kong.”
PQ Property Intelligence, Wellington, New Zealand
NZ$35 million / US$20.2 million
Parore, Central Otago
The team at PQ secured the listing for this architecturally stunning private residence development to be built in Queenstown. At $35 million, it’s one of New Zealand’s most expensive alpine hunting stations.
Slifer Smith & Frampton, Vail, Colorado, USA
US$40 million
107 Rockledge Road
This ski-in, ski-out property, named Home of the Year in 2010 by Mountain Living magazine, was designed by award-winning architect Kyle Webb and sold by SSF agent Liz Leeds.
Building Heritage, Florence, Italy
€18 million / US$20 million
Villa Mona Lisa
Yes, that Mona Lisa. Provenance doesn’t get much more intriguing than the 16th-century historical home of the Del Giocondo family
Listed by Francesco di Pinto.
Villa Mona Lisa Florence, Tuscany Italy Building Heritage
EDITORIAL HIGHLIGHTS
This past year ushered in a new content direction: elevated editorial. Our team worked with a network of property and lifestyle journalists across member markets to present Forbes’ global readership with the stories behind the world’s most exciting properties.
Elegant Ellistan: Inside a Tradition-Rich Equestrian Estate in the New Jersey Hills
Turpin Realtors
Peapack-Gladstone, New Jersey, USA
The story
All the locals know Ellistan. It could double for a European hunting manor. The Norman-style stone facade with the high red-tile roof and tall chimneys makes for a memorable landmark. Amidst the rolling hills and peaceful farms in the borough of Peapack-Gladstone, this distinctly equine-oriented community of fewer than 800 households feels like an enclave of past times. Yet it’s less than an hour away from New York City.
This $8 Million Portland Estate Is Hot Rod Heaven
Luxe
West Linn, Oregon, USA
The story
With a 16,000 sq ft working auto shop-cummuseum, the late auto fiend Bill Wilt’s playground is a pistonhead’s dream. Not into cars? Oregon Golf Club is right outside.
Why Buy In Switzerland? For The World’s Best Private Education
FGP Swiss & Alps Geneva, Switzerland
The story
Consistently top of the class in every major report and table, Switzerland’s private education system makes investing in property here a very smart choice. With insights from the heads of top international schools in and around Geneva.
A
$20 Million Resort-style Residence In The Rockies
Telluride Properties
Mountain Village, Colorado, USA
The story
A ten-bedroom ski lodge big enough to swallow a boutique hotel helped Mountain Village outperform its bigger neighbor Telluride in dollar volume sales in Q2 this year.
Inside A $15.5 Million Greek Villa On The Sea Where Odysseus Sailed
Roula Rouva Real Estate
Benitses, Corfu, Greece
The story
Lush gardens and a rare waterside dock for your private yacht. Few and literally far between on this golden island are the homes that still occupy the very edge of the sea once sailed by Odysseus.
Inside The Grand Piedmont Villa That Once Hosted Napoleon
Building Heritage
Valenza, Piedmont, Italy
The story
Own a slice of European history and toast the future with your own wine – if the viticulturist in you decides to plant some Barbera vines. Other income streams are available in this much fêted Italian region, home to some of the world’s most prestigious jewelry brands.
Grace and Grandeur: Inside Two Rare ‘Old New York’ Apartments
Elegran
Manhattan, New York, USA
The story
Two opulent apartments, both in gilded-age Manhattan co-ops, on the market at the same time? Each with a high-profile, high-society owner? Now there’s a story to transport you to the graciousness of more genteel times.
And
even more coverage
With thanks to our partners at Rubenstein Public Relations, whose targeted media outreach has seen members’ listings and market commentary placed in a range of top-tier publications beyond Forbes.com …and more
“Between January and October 2024, members have been highlighted in the media within 171 articles, reaching an estimated international audience of over 43 billion.”
– Lori Levin Senior Vice President
Rubenstein Public Relations
2024 ON FILM
There’s nothing like a powerful still image to arrest attention and enhance a message.
But film as a storytelling tool has the ability to engage more senses, and many members are including filmmaking as an essential element in their marketing and brand toolkits.
2024: the 60-second edit with Tracey Atkins Director, Private Property Global MD, Goldeneye Media
It was a busy year for Tracey and her production team as they criss-crossed the globe with their cameras and scripts. Here’s her 2024 report:
“We spent a lot of the year in Europe with our FGP colleagues: in Spain working with the team at Rimontgó, with FGP Swiss & Alps and with Portugal Forbes Global Properties.
In the UK, France and the US, we made films for clients outside of the network too. By the end of the year, I estimate we’ll have completed around 130.
I’m really keen to do more to get the network renowned for its great storytelling, through both Storied editorial as well as films.”
The year in Storied
In 2024, we launched our lifestyle magazine, Storied: Life & Style. Defined by high-quality journalism and a beautiful wide-screen design to deliver bi-monthly collections of 10 stories across architecture and design, gourmet and leisure, culture and locations.
The opportunity: Forbes Global Properties’ unique access to an international audience interested in the world of buying and selling (or just browsing) prestige real estate.
The creative response: lifestyle content that orbits the world of our audience, who travel, are curious and live beyond the ordinary.
Shaken and stirred: Classic cocktails remixed
Got to get ourselves back to the
We actually live here: In the
Why skyscrapers are more down to earth
Clockwise from far left: Ryan Chetiyawardana aka Mr Lyan Changi Airport, Singapore (Shutterstock)
Hawaiian lei (Shutterstock)
30 St Mary Axe, London (Nigel Young/Foster + Partners)
The Solheim Cup Women in the driving seat
urban garden
spirit of Aloha
CREATIVE THINKING
While AI dominated conversations in 2024, many of our members adopted creative approaches – with a bit of new technology in the mix – to drive performance and connect with buyers and sellers.
Wingadal | An Australian Icon Sydney, New South Wales, Australia Private Property Global launched a unique marketing teaser campaign, using cleverly edited film footage that did not reveal the property’s interiors, respecting the owner’s privacy and creating intense media interest.
“ We put around 30 agents through a Certified Coaching Program and have seen significant results from those agents. We also spent 3 to 4 months training for the new practice changes in the wake of the NAR settlement.”
- Billy Goldstein Village Properties
A softly, softly approach at Hawai’i Life
“Our Whisper Campaigns (direct to our own clients) have proven to successfully generate both sales and interest prior to listings going public. If and when the listing does go public, we’ve had extraordinary success getting quality press placements to help drive traffic.”
Next-level 3D tours from Keyes
“New technology initiatives very much center around AI and the interactive customer experience. We're reviewing a new initiative from one of our partners that’s focused on bringing 3D tours to a new level in the luxury space, allowing luxury stakeholders from around the world to come together in a single virtual location and see properties, converse in real time and drive the high-end real estate market.”
Lifestyle first at Coastal Abode
“We’ve continued to shift towards photography and videography focused on the lifestyle elements of the properties. We’ve noticed that marketing campaigns featuring more emphasis on personal elements have drawn more views and interactions than those that feature only a home. This is particularly valuable when marketing lifestyle communities – people want to find the right fit first from a community standpoint, and then focus on the house.”
Connecting through art at Rimontgó
“Art needs to be seen, paintings need walls to live on. What better way to bring art and real estate together than to stage an exhibition? Since late 2023, we’ve been hosting what we call La exposición infinita. Every four months, we show a new large-scale painting by one of Spain’s most compelling contemporary artists, Pep Girbent. Guests and clients connect at the openings, passersby can glimpse the artwork through the windows of our Valencia city-center office. It’s a strong, emotional way to engage with our community and to create a talking point.”
Villatura
Algarve, Portugal
Portugal Forbes Global Properties
“ Villatura is one of the most exquisite new-build properties in the exclusive Quinta do Lago resort. A meticulous execution of a masterful design vision.”
- Francisco Garcia
Portugal Forbes Global Properties
“Exposure plus experience sells real estate.”
Michael Rossi, Founder, Elegran | Forbes Global Properties New York City
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