Foreign Property News | Posted by Shwe Zin Win
Contrary to the popular belief formed by his movie “8 Mile,” Eminem did not actually live in the Continental Mobile Village shown in the film. He grew up in different Metro Detroit trailer parks and predominantly in a house on 19946 Dresden Street in Detroit’s Greensbriar neighborhood. It was a cinematic representation of the typical environment where Eminem might have grown up. The trailer used for filming in the Continental Mobile Village was brought there by the movie crew and is not the actual place where Eminem spent his early years. Eminem’s childhood home is located at 19946 Dresden Street in Detroit, Michigan. This is the house most associated with his...
Foreign Property News | Posted by Zarni Kyaw
NEYMAR has given his property portfolio the ultimate lift - just as his career could be on the way down. The Brazil legend swooped to buy a £43million penthouse in Dubai - complete with a private CAR elevator to his door. (Bugatti Residences offers amazing luxury, even for Dubai.Credit: Bugatti) (Neymar has splashed out on a design that stands out from the rest.Credit: Bugatti) (The former Barcelona and PSG ace is struggling to return after injury.Credit: Getty) (Developers say the site is inspired by the French Riviera.Credit: Bugatti) (Neymar's new purchase looks unique, even in money-laden Dubai.Credit:...
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 Si Thu Aung
A luxury mansion in Singapore’s most exclusive neighbourhood is being put on the market for S$308 million (US$236 million), following at least two unsuccessful attempts to sell it previously. Known as a “good class bungalow,” the property at Nassim Road – which sits near the city state’s premier shopping belt – spans a total land area of more than 58,000 square feet. The property is labelled as a conservation bungalow, which means it needs to be preserved, and houses a front garden that can be split into two more plots to construct more mansions. A successful sale would be a record absolute price for such assets, according to the Business Times, but it...
Knowledge | Posted by Hnin Ei Khin
In the early 2000s, Charlie Munger–Warren Buffett's longtime business partner – made an unexpected decision. He handed almost $90 million of his family's fortune to a 38-year-old investor named Li Lu. At the time, Li was a rising star in the investment world, often called the "Chinese Warren Buffett." What followed was remarkable. That initial investment grew into about $400 million, showing just how successful that decision was. Li Lu, the founder of Himalaya Capital, had a reputation for applying the value investing principles of Ben Graham, similar to Munger and Buffett. Instead of focusing on the crowded American market, Li turned his attention to Chinese stocks, where...
Foreign Property News | Posted by Shwe Zin Win
Chinese actress Fan Bingbing has reportedly rent an apartment on Barker Road in Hong Kong’s upscale neighborhood The Peak for HK$650,000 (US$83,414) monthly. According to Dimsum Daily, the residence encompasses over 5,000 square feet (465 square meters) and offers panoramic 180-degree views of Victoria Harbour. It includes five bedrooms, four bathrooms, nearly 1,000 square feet of garden space, and an expansive terrace exceeding 1,000 square feet. Sources reveal that Fan successfully acquired Hong Kong residency after nearly a decade of pursuing it through investment immigration. Barker Road is renowned not only for its breathtaking views but also for its exclusivity and privacy,...
Foreign Property News | Posted by Aye Myat Thu
Santa Clara Winery Owner Fined $120,000 For Letting Employee Live on His Property Hundreds of people live in trailers and campers on the streets of Santa Clara County, California—a very visible sign of the ultra-expensive county's homelessness crisis. Despite the scale of vehicular homelessness in the county, county officials have spent years focusing their enforcement actions on a single trailer parked on private property. For years now, winery owner Michael Ballard has allowed his longtime vineyard manager, Marcelino Martinez, and his family to live rent-free in a trailer parked on the winery's property. County officials say this violates a county ordinance prohibiting...