ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

A mixed-use site in Shanghai’s Xuhui district has been offered for sale with an estimated price tag of more than RMB 30 billion ($4.3 billion), as the municipal government strives to build a 1.8 million square metre (19.4 million square foot) financial hub along the Huangpu River. The 323,665 square metre site, made up of 28 land parcels between the river’s west bank and Longhua Middle Road, was listed on the Shanghai Land Market last month, according to an announcement on the bureau’s website. The reserve price for the land sale remains confidential, but bidders are required to pay a security deposit of RMB 6.5 billion ($928 million). Given that the deposit is...

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Haitong Securities has agreed to buy a trio of office buildings worth a combined RMB 7.5 billion ($1 billion) in a Greenland Group project on Shanghai’s Bund, according to announcements last week by units of the mainland investment bank. The sale of the nine, eleven, and nineteen-storey properties, which form the foothills leading up to the Greenland Bund Centre’s 300-metre supertall tower and three other skyscrapers, will bring in immediate cash as the developer works to complete the remainder of the 111,500 square metre (1.2 million square foot) urban renewal project. With the joint venture having previously sold two of the seven headquarters properties in the RMB 100...

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Just Room Enough Island, is an aptly-named private-owned island with literally just enough room for its owners’ house, a couple of trees and a miniature beach with a pair of bench chairs.Part of the Thousand Islands archipelago on the border between the U.S. and Canada, Just Room Enough Island measures about 3,300 square feet (310 m2), which makes it the world’s smallest inhabited island. It was purchased by the Sizeland family in the 1950s, as a comfortable retreat, but they never expected it to become an internationally-recognized tourist attraction. Ironically, even though the Sizeland family probably never intended for their vacation home to become so famous, they had a...

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Given the slower en bloc sales market, Singapore saw total real estate investment volume drop 31.8% to $22.83 billion as at 13 December, which is the lowest since 2016, reported The Business Times citing CBRE.Despite the decline, CBRE still considered this year’s performance as “respectable” due to the sizeable transactions posted, such as Mapletree Business City II, Duo and 30 Raffles Place (previously known as Chevron House).The residential sector drove this year’s investment volume, accounting for 32.1%. This was mainly due to public sales of nine Government Land Sales (GLS) sites.CBRE, however, does not expect the trend to continue considering the build-up of...

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British pop music icon Sir Cliff Richard has put his sunny seaside Barbados estate back up for sale this holiday season, according to property agents Hamptons International. The picture of a “Summer Holiday,” the luxurious villa, perched on 2.6 acres of land about a quarter-mile from the beach, hit the market this month asking a pinch over £6.8 million (US$8.9 million), according to the U.K.-based property agents. Mr. Richard, 79, has reportedly called Barbados his primary residence for over a decade after selling a home in Surrey, England, in 2006 and downsizing his real estate portfolio, his agent said in 2010. Mansion Global couldn’t independently confirm how...

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Fashion designer Tamara Mellon has parted with her West Village apartment, selling it earlier this month for $18.8 million, according to property records. The 52-year-old co-founder of luxury shoe brand Jimmy Choo paid $18.35 million in 2016 for the condo at The Greenwich Lane—a five-building complex with amenities including a swimming pool and golf simulator—records show. The three-bedroom Manhattan apartment spans close to 4,000 square feet and has entertainment areas, an eat-in kitchen and high ceilings throughout, according to the listing with Corcoran’s Carrie Chiang and Aloysius Carlos. Ms. Chiang and Mr. Carlos did not immediately respond to a request for comment...

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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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  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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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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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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