Foreign Property News | Posted by Shwe Zin Win
Attention, investors and wine aficionados! A new-to-the-market Texas estate is offering potential business investors the chance to uncork a lucrative new venture, courtesy of four very funky rental properties that sit on its land. The 5.12-acre property, listed for $2.35 million, comes complete with a foursome of cabins that are housed in giant wine barrels. Located in Fredericksburg, TX, the estate also boasts a three-bedroom, two-bathroom main residence known as Hickory Haus, which is capable of housing up to 10 people, according to the listing. But without a doubt, the star of this rare real estate gem is those wine barrel cabins, which were built in 2023 and have already proven...
Foreign Property News | Posted by Aye Myat Thu
After a hotly contested race with big implications for the housing market, Donald Trump will return to the White House for a second term, four years after losing his first bid for reelection. Trump will be the 47th president, after securing enough Electoral College votes from the key swing states to put him over the threshold for victory. Republicans have also regained majority control of the Senate. A Republican sweep of the House and Senate would give Trump significant freedom to pursue his agenda, including what plans he has sketched out to make housing more affordable. In the early hours of Wednesday morning, Trump—flanked by his family—declared to supporters in West Palm...
Foreign Property News | Posted by Hnin Ei Khin
As she surveyed her home in Hong Kong, Liu Lanhua tried not to be bothered that her narrow kitchen doubled as the family’s only bathroom. Colanders, pans and hairbrushes dangled above the toilet. Jars of chili oil were precariously balanced on water pipes. A stew of chicken wings and chestnuts warmed on an electric stove a few feet from the shower faucet. She and her 12-year-old daughter are among 220,000 people in Hong Kong living in subdivided homes, which have long been among the starkest examples of the city’s vast income inequality. Now her home is under threat. Hong Kong’s leader John Lee last month announced that the city would impose minimum standards on the...
Foreign Property News | Posted by Shwe Zin Win
HPL buys Concorde Hotel & Shopping Mall for $821 mil in largest en bloc deal of 2024 Luxury Peak Pte Ltd, a wholly owned subsidiary of Hotel Properties Ltd (HPL), has acquired Concorde Hotel en bloc for $821 million – paying $1 million above the guide price of $820 million when the site was launched for tender on Sept 3. The sale price of $821 million works out to $1,804 psf per plot ratio (ppr), including the applicable land betterment charge payable of $213 million based on a redevelopment scheme comprising 40% hotel, 40% residential and 20% commercial use. HPL already owns 95.4% of the strata area of the property: the 407-room Concorde Hotel on the fourth to ninth floors of...
Foreign Property News | Posted by Shwe Zin Win
In 2013, the capital city pf this country entered the Guinness Book of World Records with 543 white marble buildings, covering around 4.5 million square meters. When it comes to countries shrouded in mystery and rarely visited by travelers, North Korea often comes to mind. However, there is another nation where tourism is almost nonexistent, not because of restrictions, but simply due to its secluded and unknown nature: Turkmenistan. This Central Asian country is remarkably beautiful, featuring grand, lavish buildings that captivate the eye—if anyone were there to see them. Yet, Turkmenistan remains largely isolated from the rest of the world. Few know about its attractions, and...
Foreign Property News | Posted by Si Thu Aung
It’s an out-of-the-box undertaking. Ground has officially been broken in Saudi Arabia for what is expected to be the “world’s largest building.” The ambitious, $50 billion project — called the Mukaab — in the capital city, Riyadh, is part of a wave of futuristic construction across the Arab nation, the Sun reported. (A rendering of the massive Mukaab, which will cost $50 billion to construct.flickr/Salman Al-Mazini) The skyline-redefining Mukaab will clock in at 1,300 feet high and 1,200 feet wide when completed — giving it enough volume to contain 20 Empire State Buildings, the outlet reported. Offering fine dining, retail...
Foreign Property News | Posted by Zarni Kyaw
Ivanka Trump made a dazzling return to the political arena on election night when she stood by father Donald Trump‘s side in Florida as he surged to victory in the 2024 presidential election. The moment marked a turning point for the two-time first daughter, who has all but turned her back on politics since her father officially left the White House in January 2021. In the years since, Ivanka, 43, has pursued a lifestyle more befitting an A-list celebrity, traveling the world, attending star-studded red carpet events, palling around with Kim Kardashian—and completing a gut renovation of a staggering $24 million megamansion on Miami’s Indian Creek Island. The mother of...
Foreign Property News | Posted by Aye Myat Thu
Elon Musk Reportedly Buying Up Huge Properties In Austin To House His 11 Kids And Their Mothers In Secret On a quiet, leafy street of multimillion-dollar properties, one stands out: a 14,400-square-foot mansion that looks like a villa plucked from the hills of Tuscany and transplanted to Austin, Texas. This is where Elon Musk, 53, the world’s richest man and perhaps the most important campaign backer of former President Donald J. Trump, has been trying to establish the cornerstone of an unusual family compound, according to four people familiar with his plans. Mr. Musk has told people close to him in recent months that he envisions his children (of which there are at least 11) and...
Foreign Property News | Posted by Shwe Zin Win
A143-year-old lighthouse that is allegedly ‘haunted’ by two ‘friendly spirits’ is set to be put on the market for $1.25 million in what is described as a “once in a lifetime opportunity” to own a rare piece of history. The property, which is known as the Borden Flats Light, sits at the mouth of the Taunton River in Somerset, MA, and is said to be the only remaining lighthouse in the world where you can actually sleep inside the tower. Built in 1881, the lighthouse holds a great deal of historical significance, having been occupied by full-time lightkeepers up until 1963, when it became fully automated. Soon after, it fell into a state of disrepair and...
Foreign Property News | Posted by Aye Myat Thu
In the village of Dhami, Himachal Pradesh, a unique and ancient tradition known as the “Stone-Pelting Fair” is celebrated annually. This event, held 40 kilometers from Shimla, draws thousands of people from nearby villages. The fair is deeply rooted in history and cultural heritage, aiming to preserve the customs of past generations. A Tradition with Deep Roots The fair began as a way to end human sacrifices to appease Goddess Kali. Instead, villagers now participate in a symbolic stone-pelting ritual. Jagdeep Singh, a representative of the Dhami royal family, expressed pride in continuing this tradition, emphasizing its cultural and spiritual...