ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

‘Don’t sell social land concessions’

 Foreign Property News | Posted by Si Thu Aung
‘Don’t sell social land concessions’

  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...

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Xiaomi’s second headquarters opens in CEO Lei Jun’s hometown

 Foreign Property News | Posted by Zarni Kyaw
Xiaomi’s second headquarters opens in CEO Lei Jun’s hometown

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...

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London street bans petrol, diesel cars

 Foreign Property News | Posted by Shwe Zin Win
London street bans petrol, diesel cars

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...

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Commercial Site In Shanghai’s Yangpu District Sells For Rmb 4.6b

 Foreign Property News | Posted by Zarni Kyaw
Commercial Site In Shanghai’s Yangpu District Sells For Rmb 4.6b

A trio of state-owned developers has agreed to pay RMB 4.6 billion ($650 million) for a land parcel in Shanghai’s Yangpu district that is earmarked for up to 147,000 square metres of office and research and development space. The 36,800 square metre site, Yangpu District Pingliang Community C090102 Unit 0218-01, was acquired by a consortium of China Energy Conservation and Environmental Protection Group (CECEP), Shanghai Huayi Group and Shanghai Yangshupu Real Estate Co, according to an announcement by the Shanghai Land Exchange. The consortium, which was the sole bidder in the public tender process, won the site for the equivalent of RMB 30,867 per square metre of buildable gross...

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Mohamed Hadid breaks his silence after being ordered to demolish his Bel-Air mega-mansion to accuse obsessed neighbor of ruining his life and denies he is personally bankrupt

 Foreign Property News | Posted by Aye Myat Thu
Mohamed Hadid breaks his silence after being ordered to demolish his Bel-Air mega-mansion to accuse obsessed neighbor of ruining his life and denies he is personally bankrupt

Property tycoon Mohamed Hadid has blamed the fallout over his controversial Bel-Air mega-mansion on a 'nightmare neighbor,' says he regrets ever starting the project - but denied he has been driven into personal bankruptcy by the order to demolish it. In an exclusive interview with DailyMailTV, Hadid says the fight over the development has 'destroyed' his life. And he claims disgruntled 'nasty' neighbor Joe Horacek - the man who has spear-headed the campaign against him - is 'obsessed' with the case and has 'harassed' and 'stalked' him in a bid to derail the project. The outspoken father of supermodels Gigi and Bella Hadid also insists he is not personally bankrupt and says the case...

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Stonewall House, New York City’s first ever LGBT-welcoming senior housing, opens its doors

 Foreign Property News | Posted by Shwe Zin Win
Stonewall House, New York City’s first ever LGBT-welcoming senior housing, opens its doors

Diedra Nottingham is getting ready to move into her new apartment, and she could not be more excited. The 69-year-old lesbian will be one of the first tenants of Stonewall House, the first ever LGBT-welcoming senior housing development in New York City. This historic building will be declared officially open today, Tuesday, with the first residents expected to move into the 145-unit building near Fort Greene Park in Brooklyn before Christmas, with the rest of the residents moving in throughout January. It is the largest such development in the country, and its construction has been overseen by BFC Partners, the developer of Stonewall House, in partnership with SAGE, the world’s...

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English and Welsh property prices expected to decline in next three months

 Foreign Property News | Posted by Zarni Kyaw
English and Welsh property prices expected to decline in next three months

Property prices in England and Wales are expected to decline over the next three months, according to a report this week from reallymoving. The home-moving-services company predicts a 2.1% dip in values between December and February 2020, a continuation of the lackluster conditions that have become close to the norm across the countries since 2014. The year marked the beginning of a slippery slope of price declines and slumping transactions as buyers and sellers grappled with stamp duty tax hikes, then later, the ongoing uncertainty of the EU referendum. Average prices look poised to fall 1.1% in December, remain flat in January and fall by 1.1% in February 2020. Price falls in February...

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Arizona Gov. Doug Ducey lists two-acre family estate for $8.75 million

 Foreign Property News | Posted by Hnin Ei Khin
Arizona Gov. Doug Ducey lists two-acre family estate for $8.75 million

  Arizona Gov. Doug Ducey, who is also the founder and former CEO of ice cream chain Cold Stone Creamery, listed his family estate for $8.75 million last week. Situated on a country club golf course, the 2.14-acre Paradise Valley estate offers unobstructed mountain views. The French-style farmhouse on the sprawling land, which was built in 2009, boasts six bedrooms and seven-and-a-half bathrooms, according to the listing.Mr. Ducey, 55, who sold Cold Stone Creamery in 2007, currently serves as Arizona’s 23rd governor. Born in Ohio, he and his wife, Angela, have three sons, his official website says. The 11,412-square-foot residence features plaster walls and ironwork, and is...

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Builder who won £105million on EuroMillions finishing off his customers’ work for free before Christmas

 Foreign Property News | Posted by Si Thu Aung
Builder who won £105million on EuroMillions finishing off his customers’ work for free before Christmas

LOTTO-winning builder Steve Thomson has turned Santa after his £105million windfall — by doing customers’ jobs for free. The dad of three, 42, was stressed out after scooping the EuroMillionsjackpot last month and kept ­workingto “stay normal”. Now Steve from Selsey, West Sussex, is getting in the Christmas spirit by not charging. One customer said: “He’s a top bloke.” He has refused to charge several ­clients for jobs he has completed since the huge win. Steve finished installing a conservatory for one neighbour in Selsey, West Sussex, last week. But he refused payment for the job, instead letting the woman keep the money for...

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Sri Lanka will be home to South Asia’s 6th tallest tower

 Foreign Property News | Posted by Aye Myat Thu
Sri Lanka will be home to South Asia’s 6th tallest tower

On Sunday, Janaki Siriwardhana, Chief Executive Officer and Director of The One Transworks Square, announced that the 92-storey residential and commercial building will start construction next year, to be completed by 2023, reported Eurasia Review. Once built, The One tower will be deemed as the 6th tallest in South Asia. Janaki said that the 82-storey Ritz-Carlton Tower will accommodate the Ritz-Carlton Hotel and Residences, which should launch by December 2021. Meanwhile, the second tower will be home to a 77-storey JW Marriott Hotel and Residences. So far, she revealed that they have spent USD180 million on the project, but it is expected to be go up to about USD560 million. Last...

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