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...
Foreign Property News | Posted by Si Thu Aung
For the first time ever, Prince fans have the opportunity to spend a night in the house used in the legendary musician’s Purple Rain film. The late musician, who passed away at the age of 57 in 2016, purchased the Minneapolis home a year before his death. Although Prince never lived there, his character ‘The Kid’ – a musician and band leader with a rocky life – from the 1984 film called it home on screen. While it has been closed to the public for the last nine years, the house has been newly refurbished and restored to celebrate 40 years since the release of the iconic film. The Purple Rain House’ is hosted by musicians Wendy Melvoin and Lisa...
Foreign Property News | Posted by Si Thu Aung
Cristiano Ronaldo is the highest-paid athlete in the world - so naturally can afford to spend eye-watering sums on places to live. When he and Georgina Rodriguez swapped Manchester for Saudi Arabia they moved into a hotel temporarily. (Their new luxury apartment spanned two floors.Credit: FOUR SEASONS HOTEL RIYADH) (It had incredible views of the city.Credit: FOUR SEASONS HOTEL RIYADH) This was not any normal hotel room, however, it was a £250,000 per-month luxury suite at the Four Seasons in capital city Riyadh. That probably wasn’t a figure he baulked at, though, considering he is being paid £173million-a-year at Al Nassr. He and...
Foreign Property News | Posted by Zarni Kyaw
A millionaire Dubai-based husband has bought a private island for his wife so that she can wear a bikini and feel safe on the beach. Bragging about the purchase, the 26-year-old Soudi Al Nadak shared the Instagram video of the private island and wrote the caption: “POV: You wanted to wear a bikini so your millionaire husband bought you an island.” Soudi is British-born and is the wife of Dubai businessman Jamal Al Nadak. While speaking to the Hindustan Times, Soudi said that she is a “full-time housewife.” The couple had met when they were both studying in Dubai and have been married for more than three years now. Soudi is also a famous influencer on Instagram...