ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

Couple quit jobs, sell house and spend £65,000 on round the world trip with their kids

 Foreign Property News | Posted by Hnin Ei Khin
Couple quit jobs, sell house and spend £65,000 on round the world trip with their kids

With a job as a stock market trader, Andre Baldeo, 45, was making a good wage and he thought he was happy. But when he realised he was just trapped in the daily grind, he decided to uproot his whole family and travel the world. In a bid to show kids, Rico, 12, and Tiana-Mae, ten, there was ‘more to life than suburbia’, he convinced wife Becky, 44, to quit their jobs and sell their house. They sold their belongings and bought a one-way ticket for an 18-month trip of a lifetime. They travelled 51,000 miles across 13 countries in South America and Asia, visiting 48 cities, staying in hotels, youth hostels and jungle lodges. They swapped days at school and work for stints...

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Local giants eye Tesco assets

 Foreign Property News | Posted by Hnin Ei Khin
Local giants eye Tesco assets

  The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc are on the shopping lists of two of the country’s biggest conglomerates. The Charoen Pokphand Group and Central Group are among the companies that are weighing bids for the Southeast Asian business that could fetch more than US$7 billion, according to people with knowledge of the matter. CP Group and Central Group are holding discussions with financial advisers preparing for separate bids, said the sources, who asked not to be identified as the information is private. TCC Group, controlled by billionaire Charoen Sirivadhanabhakdi, has also expressed interest, they said. Tesco said...

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Hana Financial Investment, Hotel Lotte buy $175m hotel in US

 Foreign Property News | Posted by Shwe Zin Win
Hana Financial Investment, Hotel Lotte buy $175m hotel in US

Korean brokerage Hana Financial Investment said Sunday that it had acquired a premium hotel in the US, marking its first acceptance financing business via strategic partnership. The brokerage firm on Tuesday acquired Hotel at the Mark, a 44-story building located in downtown Seattle that was previously owned by Hotel Lotte and private equity real estate investment management firm Stockbridge, officials said. Hotel Lotte joined in the $175 million deal as the consigned manager of the hotel. Starting June next year, the Korean hotel brand will operate the hotel under its new name, Lotte Hotel Seattle. Near offices of global companies such as Microsoft, Amazon, Starbucks, Apple, Walt...

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GuocoLand, Hong Leong JV wins land tender in China with 1.68b yuan bid

 Foreign Property News | Posted by Si Thu Aung
GuocoLand, Hong Leong JV wins land tender in China with 1.68b yuan bid

A JOINT venture (JV) of GuocoLand and Hong Leong Holdings (China) (HLHC) will acquire and develop four land parcels in Chongqing, China, for residential use. This comes after Chongqing municipality awarded the construction land use right for the plots to the JV, GLL Chongqing 18 Steps Pte Ltd, at a bid price of 1.68 billion yuan (S$325.2 million), GuocoLand said in a filing on Friday night. GuocoLand owns a 75 per cent interest in the JV while HLHC holds a quarter stake. The acquisition of the land parcels will be financed by capital contributions in proportion to the equity of each JV partner. Meanwhile, the development of the residential project will be financed by internal resources,...

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The best tiny houses of 2019

 Foreign Property News | Posted by Si Thu Aung
The best tiny houses of 2019

The First Light Tiny House, by Build Tiny, is one of our favorite tiny houses of 2019 Throughout 2019, we've reported on a range of tiny houses. Some are simple homes on wheels, while others boast novel ideas like sliding roofs and elevator beds. Whichever the model though, each one offers an interesting approach to downsizing. Here's our pick of the very best we've seen. Heidi-Ho The Heidi-Ho can be towed on land or float on water Granite Peak Photography The Heidi-Ho, by Arizona's Scott Cronk, is a cabin on wheels that's in turn based on a pontoon boat. It can be placed on a trailer and towed on the road or travel along the water using its 115 bhp (85 kW) Suzuki engine. The...

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Office vacancy in Hong Kong’s central surges as cost concerns rise

 Foreign Property News | Posted by Hnin Ei Khin
Office vacancy in Hong Kong’s central surges as cost concerns rise

With Hong Kong poised to see in the new year with the completion of its seventh month of pro-democracy protests, the city’s prime commercial district now has more empty office space than at any time in the past four years. Vacancy levels in Hong Kong’s Central district, which boasts some of the world’s priciest office space, stood at 3.5 percent at the end of November, property services firm JLL said in a newly released report — more than double the level reported at the same point last year. That rising vacancy rate comes as the hub that has traditionally hosted leading banks and the law firms and accountancies eager to serve their customers has experienced its...

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Fit for Queen: Roger Taylor’s Longtime English country estate up for sale

 Foreign Property News | Posted by Shwe Zin Win
Fit for Queen: Roger Taylor’s Longtime English country estate up for sale

    ကမၻာေက်ာ္ ေတးဂီတအဖြဲ႔ၾကီး Queen အဖြဲ႔မွ ဒရမ္သမား ေရာ္ဂ်ာေတလာ၏ အဂၤလန္ရွိစံအိမ္ အေရာင္းေစ်းကြက္ဝင္လာသည္။ Arts and Crafts ဗိသုကာဟန္ျဖင့္ ေဆာက္လုပ္ထားေသာ စံအိမ္ၾကီးသည္ အဂၤလန္ႏိုင္ငံ အေရွ႕ေတာင္ပိုင္း ဆာေရးခရိုင္တြင္ တည္ရွိသည္။ ဆာေရး ခရိုင္၊ သာစေလ ေက်းရြာတြင္...

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The South China ‘Ghost Mall’

 Foreign Property News | Posted by Zarni Kyaw
The South China ‘Ghost Mall’

Dongguan, China can boast the world’s largest mall when measured by total leasable area. It is three times the size of The Mall of America, the largest mall in the United States. However, South China Mall was designated a “ghost mall” even the ten years it was open since it had so little custom. The first owner and initiator of the project was the millionaire Hu Guirong, known for the wealth he’d accrued through the instant noodle industry. Dongguan was his hometown, and he wanted to make it more memorable in some way, so he decided to build an immense shopping center. In 2005, the South China Mall hosted its official opening. The total area available to rent...

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Thai gov’t to grant loans to develop transnational road network

 Foreign Property News | Posted by Shwe Zin Win
Thai gov’t to grant loans to develop transnational road network

Thailand is to loan Cambodia, Myanmar and Laos some $281.6 million next year for the construction of four transnational roads under the Asean Connectivity Initiative, the Bangkok Post reported on Monday. The Kingdom will receive some $39.78 million to build a 131km stretch of road to Thailand via Siem Reap province and Oddar Meanchey province’s Anlong Veng district, the newspaper reported. The Council of Ministers of Thailand, according to the report, will be asked to approve the infrastructure development projects. “The interest rate for each road project is fixed at only 0.1 per cent,” said Perames Vudthitornetiraks, head of Thailand’s Neighbouring Countries...

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Loss-making Bangkok Post to unload buildings to stay afloat

 Foreign Property News | Posted by Zarni Kyaw
Loss-making Bangkok Post to unload buildings to stay afloat

The publisher of Thailand's largest and oldest English newspaper, The Bangkok Post, plans to sell two big buildings in the Thai capital, the only major fixed assets the company owns, to raise cash so it can keep the print version of its daily up and running in the face of declining revenue brought on by the shift to online media. According to advertising agency Media Intelligence, internet advertising spending in Thailand totaled 8 billion baht in 2015 ($265 million at current exchange rates). Three years later, the figure had more than doubled to 17 billion baht. It is forecast to reach 24 billion baht by 2020. This trend is mirrored by plummeting newspaper ad spending -- from 12 billion...

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