Foreign Property News | Posted by Zarni Kyaw
In a move that has stirred up anger among architecture aficionados, actor Chris Pratt and his wife, Katherine Schwarzenegger, have come under fire for demolishing a cherished midcentury-modern home to make way for a colossal 15,000-square-foot mansion. The controversy surrounds their acquisition of the 1950 Zimmerman house, a gem of architectural history designed by renowned architect Craig Ellwood, which stood in LA’s prestigious Brentwood neighborhood. Purchased for a hefty $12.5 million, the residence, complemented by landscaping by the visionary Garrett Eckbo, had graced the pages of Progressive Architecture magazine. (The couple has already demolished...
Foreign Property News | Posted by Si Thu Aung
The late Charlie Munger, the esteemed investor and vice chairman of Berkshire Hathaway Inc., chose a path less traveled by those of immense wealth. Known for his sharp wit and wise investment strategies, Munger amassed a fortune but remained dedicated to a remarkably modest lifestyle. For over 70 years, he lived in the same understated home, avoiding the lavish living standards that often accompany financial success. In an interview with CNBC, before he died at age 99, Munger discussed his choice to maintain a simple life despite his wealth. He and Warren Buffett observed many wealthy friends who opted for luxurious, expansive homes only to find their happiness didn’t...
Foreign Property News | Posted by Aye Myat Thu
An incredible bridge so long that it crosses the same river twice took three decades to build but cost a local government the equivalent of just £3 million. The 6th of October bridge was first conceived in 1969 by Egyptian president Gamal Abdel-Nasser, who sought to transform Cairo's city streets, which were at the time overwhelmed by a surge in traffic. Approximately 65,000 cars, buses and motorcycles were traversing city streets in the capital, each one forced into small and poorly equipped highways, with the issue only expected to get worse. The new bridge was designed to connect the city by joining the banks of the massive, world-famous, Nile River. By the end of its...
Foreign Property News | Posted by Hnin Ei Khin
The Philippines announced it will halt in-person classes at public schools, while Thai power demand rose to a record, as the heat wave gripping southern Asia continued to take its toll. The temperature in metropolitan Manila soared to 38.8C (101.8F) on Saturday, according to the nation’s weather forecaster. That beat the previous all-time high recorded in May 1915, ABS-CBN News reported. The Department of Education responded to the sweltering weather, and a jeepney transport strike across the country, by closing public schools on Monday and Tuesday. In Thailand, power demand reached a record 36,356 megawatts late Saturday, the Ministry of Energy said. The country’s northern...
Foreign Property News | Posted by Shwe Zin Win
Jennifer Lopez is saying goodbye to Madison Square Park. The star singer and actress has finally found a buyer for her posh penthouse at The Whitman, which fronts the popular Manhattan greenspace. The final sale price, as well as the identity of the new owner, aren’t known — but the sprawling duplex was last asking $24.99 million. Listing brokers Chris Pomeroy and Richard Orenstein, of Brown Harris Stevens, declined to comment on the listing update. (Jennifer Lopez first listed the home in 2017.Getty Images) (J.Lo’s penthouse duplex is in NoMad — and each floor is as long as a city block.Brown Harris Stevens) The ritzy residence, at...