Foreign Property News | Posted by Aye Myat Thu
As summer ramps up, a dip in the pool (or even an open water swimming experience) seems all the more essential. But if you’re in search of your very own private dip, a ‘rare’ opportunity to purchase a private lake has arisen – and it’s less than 2 hours away from London. Nestled in the village of Wolvercote, just shy of Oxford, the opulently-named Duke’s Lake is up for sale for a relatively modest price of £100,000. Sure, it’s not a place on the hugely competitive beast that is the UK housing market, but a little rowing boat to top off your own body of water is no mean feat, right? But it’s not just the lake you’ll be vying...
Foreign Property News | Posted by Zarni Kyaw
Justin Timberlake has just struck gold in the hot Nashville real estate market, selling a sprawling 127-acre property on the outskirts of the city for a cool $8 million. Timberlake, 43, bid “Bye Bye Bye” to the land at the end of May, despite it fetching $2 million less than his original asking price from last summer. However, the savvy singer still managed to double his investment, having bought it for $4 million in 2015. The sale closed just weeks before Timberlake’s headline-making DWI arrest in the Hamptons. Nashville’s real estate scene has been booming, driven by an influx of newcomers from cities like Los Angeles. Timberlake, a Tennessee native and...
Foreign Property News | Posted by Si Thu Aung
*Mark Zuckerberg is planning a 75,000-square-foot compound in Lake Tahoe, news site SFGate reported. *The Meta CEO laid the groundwork by buying adjacent properties in 2018 and 2019 for $59 million. *The compound will include a bunkhouse, a guesthouse, and a gym, per documents seen by SFGate. For years, people have been wondering what Mark Zuckerberg is up to in Lake Tahoe. We have our first clue. The Meta CEO plans to build a 75,000-square-foot, seven-building compound on the lake's western shore, according to planning documents seen by California news site SFGate. Zuckerberg started to lay the groundwork in December 2018, when he bought a 3.5-acre property from the...
Foreign Property News | Posted by Aye Myat Thu
Singapore’s cooling property market suffered a blow after a housing site put up for sale by the government failed to attract any interest from developers for the first time in more than two decades. The lack of bids is a setback for efforts tackling high rents as the government pushes out a new kind of long-term serviced apartment. The Upper Thomson Road site was one of two earmarked for construction of some apartments requiring a minimum three-month stay, up from the current seven-day requirement. The pilot was part of efforts by authorities to tackle a major surge in residential rents, which remain near multi-year highs, despite an easing in recent quarters. Developers have...
Foreign Property News | Posted by Hnin Ei Khin
She purchased the hefty '$58million' property in Beverly Hills two years ago with her husband Rich Paul, which was previously owned by Sylvester Stallone. And Adele still hasn't moved into her 'forever home' despite spending millions more renovating the mansion. The singer has extended the 18,587 square-foot home, which already had eight bedrooms and 12 bathrooms, skywards in order to build a garage to fit five luxury cars. According to The Sun, Adele's team said they are also fitting a 'cool roof' on the property to comply with 'strict specifications of properties in a 'very high' Fire Hazard Severity Zone. A source said: 'When Adele bought the house she didn’t intend to change...
Foreign Property News | Posted by Aye Myat Thu
A SCION of the Tang family behind one of Singapore’s iconic department store chains is seeking to sell his mansion for S$83 million, amid an upswing in transactions for the the city-state’s most prestigious properties. The so-called good class bungalow, which sits on more than 0.7 acres of land, was listed by realtor Knight Frank for sale on Friday (Jun 7).It’s located in Victoria Park, a wealthy area near the Botanic Gardens, and has covered parking, eight bathrooms and a swimming pool. The property is owned by Tang Wee Kit, according to a filing seen by Bloomberg News. He’s the son of the late Tang Choon Keng, better known as CK Tang.The China-born tycoon...
Foreign Property News | Posted by Shwe Zin Win
US private equity giant Blackstone has agreed to acquire a raft of new homes across the UK as it looks to cash in on soaring rents. Up to 1,750 homes have been snapped up by Blackstone after it struck a £580m deal with developer Vistry. The agreement is Blackstone’s second with Vistry in less than a year as it pushes further into Britain’s rental sector. So far it has agreed to spend £1.4bn on more than 4,500 homes across the UK, supported by its investment partner Regis. It is the latest sign that Britain’s rental sector is attracting greater levels of investment from private equity groups and pension funds. The likes of Aviva Investors, Legal &...
Foreign Property News | Posted by Si Thu Aung
A mansion at one of Hong Kong’s most exclusive neighbourhoods found its buyer after a fire sale and 15 months on the auction block, offering a minor victory for China Evergrande Group’s liquidators as they grapple to sell the defunct developer’s assets. The 5,171-sq ft mansion at 10B Black’s Link, previously held by an Evergrande executive, sold last month for HK$448 million (US$57.35 million), according to the Land Registry. The price was 44 per cent less than the HK$800 million that valuers had estimated the property to be worth. The buyer of the two-storey mansion, located near the Hong Kong Cricket Club and one of the island’s favourite trekking trails,...
Foreign Property News | Posted by Si Thu Aung
Essential workers are couch-surfing on the edge of homelessness amid Australia’s worsening housing catastrophe. Nurses are among the everyday Australians terrified for their future and considering leaving their profession as they are left behind by the rising cost of renting a home. The alarming statements emerged from the first day of hearings at the nation’s first “People’s Commission” into the impact surging rental prices and a lack of affordable housing is having on tenants. Convened by national housing advocacy group Everybody’s Home the first day of the conference featured nurse Lou Housego, who said renting was “incredibly demeaning”...
Foreign Property News | Posted by Zarni Kyaw
Five Caribbean countries offer citizenship by investment opportunities Moving to a sun-kissed island for a slower pace of life is a dream held by many. But even if you have the funds and the freedom to do so, getting the right to live permanently in a different country often brings complications. Five countries in the Caribbean are willing to help expats with that, however - on the condition that they buy a property or invest money in the area. In some countries, properties that could qualify you for the scheme can be bought for as little as $212,000, or around £175,000 - £100,000 less than the average UK home. We explain how these 'citizenship by investment' schemes work,...