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California dreaming: US$500m tag on LA home

New luxury mansions are proliferating in Los Angeles, often without buyers in place, known as building on spec

Construction is continuing this month at the home being built by Mr Niami in Bel Air.

Los Angeles

ONE of the biggest homes in US history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record US$500 million.

Nile Niami, a film producer and speculative residential developer, is pouring concrete in LA's Bel Air neighbourhood for a compound

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