ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

A property agent was fined S$30,000 and suspended for 12 months after trying to persuade his client to buy a condominium unit at a higher price than the seller was offering so that the agent could pocket a bigger commission, the Council for Estate Agencies (CEA) said in a statement on Monday (Oct 21). Ngu Ping Chuan James Ethan, 39, a property agent with PropNex Realty, was charged with three breaches of the CEA Code of Ethics and Professional Client Care (CEPCC), while representing his client in the purchase of a condominium unit. The CEA — a statutory board which regulates the real estate industry — said that this is the toughest penalty that the CEA Disciplinary Committee...

View Details

Sunac China Holdings has racked up RMB 16.31 billion ($2.32 billion) in land and property acquisitions in less than two weeks, extending a buying binge in second-tier cities and further boosting the Tianjin-based developer’s outsize project pipeline. On 6 December, a Sunac announced that a subsidiary of the company had agreed to pay RMB 1.04 billion ($148 million) for a unit of financially-troubled developer Overseas Chinese Town (OCT) which carries the rights to a planned 57.28 hectare cultural tourism destination in Chengdu, capital of Sichuan province. The Chengdu deal came shortly after Sunac late last month agreed to shell out RMB 15.27 billion for a majority stake in a pair...

View Details

PAG has teamed up with Seoul-based Inmark Asset Management to acquire the landmark Grand Hyatt Seoul hotel, as the city’s hospitality sector continues to draw interest from foreign investors. The Hong Kong-based private equity firm, together with its co-investors, is reported to have paid Hyatt Hotels Corporation around 560 billion Korean won ($480 million) for the 615-room hotel, according to market sources cited by The Korea Herald. The 615-room hotel will continue to be operated under the Grand Hyatt brand under a long-term management agreement, according to a statement by JLL, which acted as the sole advisor on the sale. PAG representatives had not responded to inquiries from...

View Details

A missile silo is for sale and can be yours if you want it. Many people have private dreams of a special space to call their own. That place might be a shack on the beach, a cabin deep in the woods, a reproduction of a medieval castle, or some even more fanciful location. If someone has enough resources, they can find their happy place. Even if it’s a nuclear missile silo. Yes, a missile silo. A recent report in the Guardian says that there’s one for sale near Tucson, Arizona, for a fairly reasonable price, just under $400,000. The silo has been decommissioned, but it was once the home of the Titan II, which was the largest intercontinental ballistic missile in the Air...

View Details

Katie Price is reportedly refusing to leave her £2million home, dubbed "mucky mansion" after she was declared bankrupt earlier this month. The 41-year-old former glamour model was once worth a staggering £45million but now she faces being booted out of her beloved family home where she lives with her kids. Katie could potentially face losing the property as part of a High Court ruling over her finances following a bankruptcy charge that was placed on her home on December 3. But the reality star has reportedly told pals that she "refuses to leave" and has ordered her team of accountants to do whatever it takes to save her family home. According to The Sun, a pal of the star...

View Details

Fitch Ratings see Singapore private residential prices growing by around a "modest" 2 per cent in both 2020 and 2021, about the same as this year and down from nearly 8 per cent in 2018. "Private home prices declined by 0.7 per cent from the third quarter of 2018 and the first quarter of 2019 after the July 2018 property cooling measures and mortgage rate increases, which both dampened market sentiment. Prices rebounded slightly in the second quarter of 2019, and Fitch Ratings projects minor growth for the rest of this year." Fitch Ratings said in its Global Housing and Mortgage Outlook 2020 report out on Wednesday (Dec 18). But it added that: "If the government views home prices as...

View Details

  Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday. The company beat 24 other bidders for the plot, which was initially expected to go for a bid between HK$1.7 billion and HK$5.41 billion (US$218 million and US$694 million), according to market observers. The winning bid is being viewed as indicative of the cautious outlook prevailing in Hong Kong’s property market following seven months of anti-government protests as well as the more than a year old US-China trade war. The Tai Hang plot...

View Details

  Minister of Land Management, Urban Planning and Construction Chea Sophara has appealed to villagers not to sell social land concessions they receive, as they are intended for them to live on and farm, and hand down to their children. He was speaking to villagers at a ceremony to present Immovable Property Ownership Certificates for the concessions and celebrate the achievements of the Land Allocation for Social and Economic Development Project Phase II (Lased II) in Kampong Chhnang province. The government, Sophara said, provided social land concessions to the poor and former members of the armed forces who were in need, to build houses and farm. Vorn Sipha, the governor of...

View Details

Smartphone maker Xiaomi on Wednesday officially opened its second headquarters in Wuhan, the capital city of China’s central Hubei province. The building will house 10,000 employees over the next decade as the company invests more in artificial intelligence (AI) research. The new headquarters, located in the Wuhan East Lake High-tech Development Zone, is a research and development centre for AI, internet of things, big data, software and internet entertainment. Xiaomi’s first headquarters are in Beijing. Currently, the Wuhan facility houses about 2,000 employees, mostly local recruits, who work on projects including research and development on Xiaomi’s open platform...

View Details

Petrol and diesel vehicles will be banned from a street in central London in an innovative attempt to reduce pollution, local authorities have said. Officials said Beech Street, which runs underneath the Brutalist Barbican Estate, would become Britain's first "24-7 zero emission street." During an 18-month trial starting next year, the area will be restricted to only allowing electric or hybrid vehicles, pedestrians and cyclists, the City of London Corporation announced on Monday. However, access will be given for refuse collection and deliveries, for those using car parks off the street and emergency vehicles. "Drastically reducing air pollution requires radical actions, and these...

View Details