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Historic home featured in Jackie Chan Hollywood movie for sale

 Foreign Property News | Posted by Aye Myat Thu
Historic home featured in Jackie Chan Hollywood movie for sale

Behind the front door of this Sunshine Coast home, hand-built in 1932, is plenty of history and a touch of Hollywood charm. The Eudlo property was a popular holiday resort in the 1930s and 1940s, a strawberry farm in the 1950s, and a Devonshire Tea cafe in the 1960s. And the interiors of the homestead have featured in martial arts legend Jackie Chan’s ’90s Hollywood film, First Strike. The five-bedroom, three-bathroom home at 69 Logwoods Rd, is on the market for $1,350,000 million, and has a secret staircase. Known as Logwoods Homestead, it was built using traditional methods and blackbutt and bloodwood timber felled on the 2.37ha site. Define Property selling agent...

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Age Requirement For Housing Grants Adjusted For Singaporeans Married To Non-Citizens

 Foreign Property News | Posted by Shwe Zin Win
Age Requirement For Housing Grants Adjusted For Singaporeans Married To Non-Citizens

The revised Non-Citizen Spouse Scheme now allows you to have more flexibility in affording and choosing a home. Singaporeans aged 21 and above who are married to non-citizens or non-permanent residents can now have additional housing grants of up to $40,000 when they purchase a resale flat for the first time, reported The Straits Times. Previously, only those aged 35 and above were eligible for the Enhanced CPF Housing Grant (Singles) grant when they purchased a resale flat under the Non-Citizen Spouse Scheme. The scheme, which streamlines the Special CPF Housing Grant (SHG) and Additional CPF Housing Grant (AHG), allows a citizen whose husband or wife is neither a permanent resident nor...

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Japanese firm set to build smart city in Vietnam

 Foreign Property News | Posted by Zarni Kyaw
Japanese firm set to build smart city in Vietnam

A next-generation “smart city” is poised to rise in Vietnam, thanks to a joint venture of local developers and a Japanese trading firm, NHK reports. Sumitomo Corporation, along with Vietnamese developer BRG Group, will pour JPY450 billion (USD4.2 billion) into the project launched Sunday in Hanoi. The 272-hectare site will give rise to at least 7,000 residential properties in the initial phase, followed by office buildings and commercial facilities in the second phase. Construction of the residential component, which will take up some 73 hectares, is scheduled to commence in 2020. Set 20 minutes from Hanoi, the site will run on internet of things (IoT), 5G wireless networks,...

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This is how Jonathan Brownlee turned his high school savings into a multimillion-dollar portfolio

 Foreign Property News | Posted by Si Thu Aung
This is how Jonathan Brownlee turned his high school savings into a multimillion-dollar portfolio

JONATHAN Brownlee is just 21 years old. But he already owns an incredible 11 properties — and is amassing a fortune. MILLIONAIRE and budding property magnate Jonathan Brownlee isn’t your typical 21-year-old. He owns 11 properties valued at more than $A2.7 million across New Zealand, from Auckland down to Invercargill. Mr Brownlee created $A900,000 in equity and expects to pull in more than $A54,000 per year in after-expenses income once he finishes his next renovation. His parents topped up his savings to reach the threshold for the initial deposit for his first property in Hamilton, but his entrepreneurial spirit from a young age helped him get to where he is today. Mr...

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Nikola Motor Chief Sets Utah Real Estate Record With $32.5 Million Buy

 Foreign Property News | Posted by Aye Myat Thu
Nikola Motor Chief Sets Utah Real Estate Record With $32.5 Million Buy

Trevor Milton, chief executive of Nikola Motor, a rival of electric car concern Tesla that makes hydrogen-electric trucks, has paid $32.5 million for a ranch in Utah. The deal sets a new price record for the state, according to the listing agent. "I feel like my generation is asset light, wants smaller everything and is moving to cities, which is the opposite of what I wanted in life," said Mr. Milton, 37, in an email. "I enjoy the country, space, privacy and wildlife rather than skylights.... I wanted to create a sanctuary where I could live off the land." Mr. Milton added that he plans to raise organic beef, vertically farm organic produce and provide a habitat for wildlife. "I...

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Asia Pacific real estate transaction volume hits an all-time high, accumulating $128 billion

 Foreign Property News | Posted by Shwe Zin Win
Asia Pacific real estate transaction volume hits an all-time high, accumulating $128 billion

Shanghai, China. SvenHansche/ShutterstockThe Asia Pacific region has reached a record high USD128 billion on commercial real estate transaction volumes, reported The Business Times, citing data published by JLL. Since July to September, the sales activity rose by 18 percent year-on-year to USD42 billion, which represented the best third-quarter performance to date. Among the markets, China experienced high transaction volumes, coming in third globally after Paris and London. In Shanghai, the investments amounted to USD14.4 billion year-to-date. During the first three quarters of the year, this city was also the biggest beneficiary of cross-border investments at 56 percent compared to the...

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320-Acre Connecticut Estate Lists for $16 Million

 Foreign Property News | Posted by Shwe Zin Win
320-Acre Connecticut Estate Lists for $16 Million

A sprawling 320-acre estate with an idyllic backdrop in western Connecticut, including a house built in 1820, was listed Friday for $16 million. The Greyledge Estate spans across the Connecticut counties of Bridgewater and Roxbury and contains a historical main house, several elevated build sites and over 100 acres of farm fields over eight parcels. “This property is a fantasy property in a way,” said Jeffrey Phillips of Mark Madonna & Phillips Real Estate Group at Sotheby’s Realty. “There is a hunting preserve, a pond for fishing, a place for riding horses. It has so much diversity.” For owner Thomas (Terry) Fitzgerald, founder and managing partner of...

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Dolce and Gabbana’s villa in Sicily is up for sale for £5.8 million

 Foreign Property News | Posted by Zarni Kyaw
Dolce and Gabbana’s villa in Sicily is up for sale for £5.8 million

Domenico and Stefano are selling their luxurious villa on the Stromoli Island, Sicily, for the bargain price of £5.8 million, exclusively through estate agents Lionard. It’s a pretty snazzy listing. For one thing, the location is glorious. If you dream of coastal views and warm weather, Stromboli Island is a great shout. The villa sits near a cliff edge overlooking the ocean. And if you turn away from the sea you’ll get to look out over the island, spotting the nearby active Iddu volcano. Plus it’s been visited by all sorts of celebs. Dolce and Gabbana have owned the villa since the 90s, and regularly spent their summers there throwing parties for their A-list...

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This historic house is free — but it comes with a major catch

 Foreign Property News | Posted by Hnin Ei Khin
This historic house is free — but it comes with a major catch

Known for its charming downtown, top-rated public schools and bustling arts culture, Montclair, NJ is a hot spot when it comes to real estate. But a stunning three-story Victorian home just off the main drag can’t find a buyer — even though it’s free. The 3,330-square-foot home at 23 N. Willow St. is owned by Redeemer Montclair Church next door and currently used as office space and for the children’s ministry. The religious organization wants to build a new structure and therefore has plans to demolish the 1910 six-bedroom, two-and-a-half-bath house. But given the history and architectural details, the Historic Preservation Committee in town asked if they could...

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Asia Pacific’s hotel investments will surpass the $11 billion threshold in 2019

 Foreign Property News | Posted by Aye Myat Thu
Asia Pacific’s hotel investments will surpass the $11 billion threshold in 2019

The number of hotel transactions in Asia Pacific is expected to increase around 25 to 30 percent yearly until 2019. By the end of this year, global real estate consultancy JLL has predicted the total investments to surpass the USD11 billion margin. “Despite a cautious economic climate and wider political headwinds, hotels in Asia Pacific present an attractive yield profile amid booming tourism demand,” said Mike Batchelor, the CEO of JLL Hotels & Hospitality Asia Pacific. He said that domestic clients, developers, and private equity firms have encouraged most of the demand in 2019, which is why they assumed that this year would be the third most highly-transacted year in...

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