Foreign Property News | Posted by Hnin Ei Khin
Political economist and author Gautam Sen has said the idea to impose a wealth tax in India will lead to the country's super rich, the Ambanis and the Adanis, moving their bases out to countries like Dubai to avoid paying tax. (IMAGE: Prime Minister Narendra Modi during the interaction with business leaders Reliance Industries chairman Mukesh Ambani, Tata Group patriarch Ratan Tata, Chairman of the Mahindra Group Anand Mahindra, Adani Group chairman Gautam Adani in New Delhi. Photograph: ANI Photo) He further explained that the wealthiest individuals in India, such as Ambani, Adani, and Tata, would likely emigrate to tax havens resulting in a substantial loss of...
Foreign Property News | Posted by Hnin Ei Khin
A 149-mile-long stretch of highway connecting two towns in Saudi Arabia holds the title of the world’s longest straight road.Saudi Arabia’s Highway 10 stretches 916 miles (1,474 km), connecting the town of Al Darb, in the southwest, to Al Batha, in the east. It’s quite a busy road, most traversed by trucks shipping goods from one side of the country to the other, but it is most famous for a 149-mile stretch through the Rub-al-Khali desert. This particular piece of infrastructure was originally built as a private road for King Fahd (SAU), but ever since it became part of the public road system, it claimed the Guinness Record for the world’s longest straight road,...
Local Property News | Posted by Zarni Kyaw
[Unicode] မီးပျက်ချိန်ကြာမြင့်လာတာကြောင့် ရေရရှိလွယ်မှုနှင့်လေဝင်လေထွက်ကောင်းမွန်သောတိုက်ခန်းများ ရန်ကုန်အငှားဈေးကွက် အတွင်းအလုပ်ဖြစ်နေကြောင်း အကျိုးဆောင်များထံမှသိရသည်။ ယခင် တိုက်ခန်းအငှားဈေးကွက်တွင် တည်နေရာ အထပ်အမြင့်ပေါ်မှုတည်ကာ...
Local Property News | Posted by Zarni Kyaw
[Unicode] အစိုးရ-ပုဂ္ဂလိက ပူးပေါင်းမှု (BOT) စနစ်ဖြင့် ရန်ကုန်တိုင်းဒေသကြီး၊ လှိုင်သာယာ (အနောက်ပိုင်း) မြို့နယ်ရှိ စည်ပင်ပိုင်မြေ ၃ ဧကကျော်ပေါ်တွင် ၆ ထပ်တိုက် အလုံး ၂၀ တည်ဆောက်ရန် ရင်းနှီးမြှုပ်နှံလိုသည့် မြန်မာနိုင်ငံသားပိုင် ကုမ္ပဏီများအား...
Foreign Property News | Posted by Aye Myat Thu
Hong Kong superstar Jackie Chan recently bought a mansion in Hangzhou, China, for a reported price of 40 million yuan (S$8 million). A video of the 68-year-old actor turning up for the handover ceremony of the house went viral on Chinese social media over the weekend, as the luxe interiors of the mansion were also shown in the clip. There was a lion dance performance during the ceremony, and Chan was seen shaking hands with guests and taking a group photo with them when he arrived. According to the Hong Kong media, the 4.8m-high abode overlooks the Qiantang River which passes through Hangzhou city. The living room is said to sport gilded ceiling edges made from pure 18-carat...
Foreign Property News | Posted by Hnin Ei Khin
The 52-year-old Singaporean woman rented out the three units in Little India on 489 occasions to guests via Airbnb over almost three years. A Singaporean woman who sold short-term stays at three units to guests on Airbnb for almost three years, earning about S$162,000 (US$120,000) in revenue, has been fined more than S$175,000 by a court. Jayanthi Ponnasamy Manian, 52, pleaded guilty to two charges under the Planning Act for using a dwelling house to provide short-term accommodation without permission, with a third similar charge taken into consideration. If she cannot pay the fine, she will have to serve eight months' jail in default. According to a judgment made available on...
Foreign Property News | Posted by Zarni Kyaw
Wondering where the very best place is to live? According to just-released rankings from U.S. News & World Report, that honor goes to Naples, FL. Naples, with its white sandy beaches and glut of world-class golf courses, is a popular haven for retired “snowbirds” looking to escape the cold in the winter—but the lack of state income tax doesn’t hurt either. The South fared well in this year’s rankings, with locales in Texas, Alabama, and North and South Carolina taking five of the top 10 spots. Colorado’s clear air and mountain vistas claimed two top positions. What these top locations have in common is their relative affordability compared with...
Foreign Property News | Posted by Shwe Zin Win
MADURAI: When 73-year-old Kandasamy Naicker breathed his last Sunday in Meenakshipuram, it was the last breath of his village in Tuticorin district of Tamil Nadu. Naicker, the lone inhabitant, was a poignant symbol of a community once thriving, now a ghost village. Meenakshipuram in Sekkarakudi panchayat had 1,296 residents according to the 2001 census. Yet, the relentless grip of environmental changes, inconsistent rainfall, and enduring droughts gradually eroded the village's lifeblood, leading to a mass exodus over the past decade.Fields once fertile turned barren, pushing families to seek stability elsewhere. Amidst this exodus, Naicker clung to Meenakshipuram, outliving his wife by...
Foreign Property News | Posted by Hnin Ei Khin
Talk about being the master of your own universe.With the purchase of this Wild West-themed Montana compound just 15 miles west of Helena, you can be the mayor and the sheriff of your own mini frontier town.That’s because, in a past life, this private Montana residence, listed on Zillow for $1.7 million, was a popular roadside tourist attraction known as Frontier Town. It welcomed as many as 2,000 visitors a day during high season. (The listing includes a number of outbuildings.Audrey Todd Davis)(The chapel, with wood-heavy details, also has a choir loft.Audrey Todd Davis) Artfully constructed by John R. Quigley in the 1940s, Frontier Town features 42 rooms and outbuildings all made...
Foreign Property News | Posted by Hnin Ei Khin
Earlier this year, Marco Robinson announced that he would give away a house. The self-made British entrepreneur - who has an estimated worth of £25 million - said he would dip into his 150-wide property portfolio, and donate a £120,000 three-bedroom flat in Preston, Lancashire, to whoever he felt deserved it. Eight months and 8,000 applicants later, the 49 year-old has done just that. And tonight, his journey to find someone to benefit from his unusual act of philanthropy will be featured in a Channel 4 documentary, Get a House for Free. It sees the multi-millionaire meet some of the poorest families in Britain, with the aim of giving one of them “the kind of lucky break...