Foreign Property News | Posted by Hnin Ei Khin
Actor Jim Carrey has cut another $1 million off the price of his longtime Los Angeles mansion, after a pending deal fell through, and is now asking $18.75 million The comedic actor initially listed the 2-acre property in Brentwood for $10 million more in early 2023, but chopped the price several times before it went into contract in December, when it was asking $19.75 million. The deal never closed and the property returned to the market in February. The 63-year-old Carrey, most recently of the “Sonic the Hedgehog” trilogy, purchased the home on North Tigertail Canyon Road in 1994. Built in 1951, the ranch-style home spans over 10,000 square feet and includes five bedrooms, an...
Foreign Property News | Posted by Hnin Ei Khin
A newly listed Florida home is giving new meaning to the term “hot property” after it was put on the market for $259,000—despite the fact that it is still smoldering from fire damage that is believed to have been caused by the recent hurricanes in the state. Located in St. Petersburg, the property’s asking price is well below the median for a home in the area, which is $465,000, according to Realtor.com® data. However, that might not come as a surprise given the current state of the home. Due to its dire state, potential buyers will not be allowed to enter the home because of safety concerns, according to the listing. The property last came on the market in...
Foreign Property News | Posted by Aye Myat Thu
A24,000-square-foot megamansion in Great Falls, VA, said to be owned by a Saudi prince finally has an offer after nearly a year on the market. Listed for $11.8 million, the Chateau de Lumiere, or “Palace of Light,” boasts eight bedrooms and 13 bathrooms and sits on 5.5 verdant acres. The deluxe domicile was reportedly purchased brand-new in 2017 by Prince Khalid bin Salman Al Saud, the Saudi ambassador to the United States, who was a Georgetown University student at the time. Never lived here? Apparently, the prince never moved in. Shortly after splashing out $12 million for it, he was named to his ambassadorship role and later promoted to Saudi vice minister of...
Foreign Property News | Posted by Shwe Zin Win
Former President Donald Trump said he would ban undocumented immigrants from obtaining home mortgages, a move he indicated would help ease home prices even though these buyers account for a tiny fraction of U.S. home sales. Home loans to undocumented people living in the U.S. are legal but they aren’t especially common. Between 5,000 and 6,000 mortgages of this kind were issued last year, according to estimates from researchers at the Urban Institute in Washington. Overall, lenders issued more than 3.4 million mortgages to all home purchasers in 2023, federal government data show. Trump, the Republican presidential nominee, made his comments on Thursday during a policy speech to...
Foreign Property News | Posted by Si Thu Aung
In Hong Kong’s Tsim Sha Tsui district, the mock classical 1881 Heritage mall used to lure queues of mainland Chinese tourists eager to shop at boutiques operated by brands such as Tiffany, Cartier and Chopard. Now it attracts neither crowds nor brands. Only three of the more than 30 units at the mall owned by billionaire Li Ka Shing’s CK Asset Holdings are occupied and its colonnaded courtyards are quiet. In nearby Canton Road, a shop previously rented by Swatch Group’s Omega for about HK$7.5 million (S$1.3 million) a month is leased to a bank for 80 per cent less, according to real estate agents familiar with the deal. Over in Causeway Bay’s Russell Street, a...
Foreign Property News | Posted by Si Thu Aung
In the 1980s, the famed actor and director Clint Eastwood spent two years as mayor of Carmel-by-the-Sea, a small California vacation community. Now the century-old home where he lived during that stint is coming on the market for $21 million. The Hollywood legend—best known for movies like “Dirty Harry,” “The Bridges of Madison County” and “Million Dollar Baby”—lived in the house in the 1980s and 1990s, according to the 2016 book “Historic Homes and Inns of Carmel-by-the-Sea.” (Originally built around 1924, the house is located a block from the ocean. Photo: Sherman Chu) The seller is Frederick...
Foreign Property News | Posted by Si Thu Aung
As you first drive into the former mining town of Ashington it looks neat, with lots of green space and freshly cut grass. But many properties in the struggling area look well past their best, with one boarded up house even daubed with “peado” and “nonce” in giant letters. With some houses being sold for as little as a staggeringly low £15,000, you notice a lot of “sold” signs. Are things therefore on the up for what once was the world's largest coal-mining village? The wider Northumberland area is world famous for its stunning beaches such as Bamburgh and well-heeled market towns - with one the UK’s most beautiful, Morpeth, just a few...
Foreign Property News | Posted by Shwe Zin Win
Billionaire Larry Ellison scooped up a luxury 309-room waterfront resort just south of Palm Beach, boosting a real estate empire that stretches from the East Coast to Hawaii. Ellison — one of the world’s richest men with an estimated $162 billion net worth, according to Forbes — purchased the Eau Palm Beach Resort & Spa in Manalapan, a 1950s-era property that was a playground for Fords, Roosevelts and Vanderbilts. The Oracle co-founder snagged the property for an undisclosed price from the Lewis Trust group, which has owned the resort since 2003, the company said Friday. (Oracle co-founder and billionaire Larry Ellison (above) has purchased Eau Palm Beach Resort...
Foreign Property News | Posted by Hnin Ei Khin
Many landlords in Dubai are asking tenants to vacate their properties in order to list them for sale, to cash in on record high prices, or move in themselves to beat rising rentals. I Rents have been increasing at a double-digit rate in Dubai over the past three years due to high demand from new residents coming to the emirate. Anisha Sagar, director of property management at Allsopp and Allsopp, said the law is clear that owners can serve notice to a tenant if they decide to sell the property or intend to move into the property for personal use. (Anisha Sagar) “What we have noticed is an increase in landlords looking to take advantage of the excellent market and...
Local Property News | Posted by Shwe Zin Win
[Unicode] တောင်ကြီးနှင့် ကလောစသော ရှမ်းပြည်နယ်ရှိ မြို့ကြီးများတွင် ယခင်နှစ်များက အရောင်းအဝယ်သွက်ပြီး ဈေးတက်ခဲ့သော်လည်း 2024 ခုနှစ်အတွင်း ဈေးအတက်အကျ မရှိဘဲ အရောင်းအဝယ်အေးနေကြောင်း ဒေသခံအကျိုးဆောင်များထံမှသိရသည်။ ရှမ်းပြည်တောင်ပိုင်း...