Foreign Property News | Posted by Aye Myat Thu
Vice President Kamala Harris stirred controversy over the weekend after saying she would shoot intruders of her own home. The 2024 Democratic nominee, a known gun owner, made the remark during a livestreamed conversation with Oprah Winfrey on Thursday. “If somebody breaks into my house, they’re getting shot,” she said. While expressing support for the Second Amendment — insisting once again that she is “not trying to take everyone’s guns away” — Harris is advocating for commonsense reform measures such as assault weapon bans and universal background checks. She quickly acknowledged the bluntness of her comment, adding with a laugh,...
Foreign Property News | Posted by Hnin Ei Khin
When the Duke and Duchess of Sussex were evicted from their cottage at Windsor by King Charles, they were left without a home in this country. The California-based couple have, however, ensured that they retain a foothold on this side of the Atlantic. The Daily Mail understands that Prince Harry and Meghan have bought a home in Portugal. They are not the only royals who have a Portuguese property, with Harry's cousin Princess Eugenie and her husband, Jack Brooksbank, owning a home in the CostaTerra Golf and Ocean Club, a luxury development of 300 properties by the sea in Melides, south of the Portuguese capital, Lisbon. Prince Harry already own an expansive $14.65 million mansion in...
Foreign Property News | Posted by Shwe Zin Win
A well-known residence that seemingly vanishes into its surroundings just popped up for rent in Joshua Tree, CA. The concealed casa blends so well into its rocky environs that a potential renter may have to squint to see it. Known as the “Invisible House,” the mirrored residence was designed by film producer Chris Hanley and Frank Gehry collaborator Tomas Osinski. Now available to rent for $95,000 a month, the three-bedroom home measures in at 5,470 square feet and sits on a 67.5-acre lot of desert landscape. It’s served as a rental in the past. Famous short-term residents include Demi Lovato, who stayed over for a long weekend in 2020. Back then, the going rate was...
Foreign Property News | Posted by Shwe Zin Win
A new type of self-healing concrete has debuted in the U.S. market. The concrete, which is called Basilisk Self-Healing Concrete, gets its self-healing properties from bacteria that is mixed into it. This bacteria then produces new limestone when the concrete heals, allowing it to completely close up those cracks without needing to have any concrete reapplied. There are, of course, several reasons why Basilisk concrete offers an advantage to the structures that it is placed within. The first, of course, is that it has an extended lifespan thanks to its durability and ability to heal itself. This means the concrete can help significantly cut down on the need for expensive repairs, as it...
Foreign Property News | Posted by Shwe Zin Win
HONG KONG – Sun Hung Kai Properties, Hong Kong’s biggest property developer, sold more than 200 apartments in one day after it offered the units at a discount to boost sales. All of the 204 homes available for purchase at the Cullinan Sky project – located in the Kai Tak area of the city’s former airport – were sold on Oct 5, according to a representative of the developer. The first batch of flats in the 906-unit development was priced 20 per cent lower than nearby new projects. While Hong Kong’s recent reduction in mortgage rates has lifted sentiment, property developers still face a challenging outlook marred by an oversupply of homes. This is...
Foreign Property News | Posted by Shwe Zin Win
From nightmarish landlords to sky-high prices, the London renting market is notoriously hellish. It’s still markedly expensive to live in the Big Smoke, with average rents reaching £2,121 per month in April 2024, according to statistics from Zoopla. Now, the owner of one central London flat is letting housemates with lower incomes choose their own rent, offering up a ‘pay what you can’ deal. Rupert Hunt, the founder of flatsharing website SpareRoom, is searching for a new housemate to join him at his home in Spitalfields in East London. So, what inspired Rupert to allow potential flatmates to choose their own rental terms? When he started his business, the...
Foreign Property News | Posted by Shwe Zin Win
Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. Job hunting has been particularly difficult for young people as the Chinese economy struggles, said Chung Chi Nien, chair professor at Hong Kong Polytechnic University. (A girl hugging a young cattle at a breeding farm in Chongqing, China.Vcg | Visual China Group | Getty Images) China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring that they got laid off, quit or are simply jobless. These self-identified “retirees,” who often state they were born in the...
Foreign Property News | Posted by Aye Myat Thu
Laws regarding squatters vary on a state-by-state basis. In California, ownership could be granted to a squatter who pays taxes on a property for five years through adverse possession and tenancy rights could be granted after 30 days. One of the latest squatter stories out of California was reported by Fox News Digital in September, after two Hollywood Hills mansions were overtaken. "I would like to apologize to the people of Los Angeles, and especially to my neighbors. What’s happened to the two properties I own is unacceptable, and no matter what caused it, I own the houses," John Powers Middleton, film producer and son of Philadelphia Phillies owner John S. Middleton, previously...
Foreign Property News | Posted by Shwe Zin Win
The purchase of their new Miami mansion has broken records after the Beckhams paid £60,000,000 for their new pad. Now the Mail can give an exclusive inside look at the new property that boasts everything from celebrity neighbours to mooring space for a yacht. Given the mansion’s £60million price tag, there are luxuries such as a gym, home cinema and an infinity pool. The new images show open plan living with a rooftop lounge, a spa with a massage room, a waterfront deck, along with nine bedrooms and 13 bathrooms. (David and Victoria Beckham reportedly paid for their £55.6 million Miami mega mansion in cash) (The nine-bedroom home boasts a...
Foreign Property News | Posted by Zarni Kyaw
A plot of land in Al Yalayis 1 of Dubai was sold on Friday for Dh 2.83 billion ($770 million), according to data from the Dubai REST platform. The 30 million-square-foot property was sold at Dh 94 per square foot, marking one of the largest real estate deals in the city this year. Earlier this week, Dubai unveiled an ambitious master plan to transform real estate, education, and transport services. The real estate strategy aims to increase the value of Dubai’s real estate transactions to Dh1 trillion by 2033. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of...