The home that Liam Hemsworth is rebuilding next door to his estranged wife Miley Cyrus and new boyfriend Cody Simpson is beginning to take shape. The new renovations comes after the Australian actor, 29, obtained an excavation permit to start the rebuilding process on the $6.8million home which was destroyed by the devastating Malibu fires in November of last year. Proving that they are very much on friendly terms, Liam's estate is just a stone's throw distance away from the former Disney star's $2.5million abode, which she purchased back in April 2016. Liam first bought their sprawling Malibu estate in late 2014 from musician Matthew Wilder for $6.8million (USD) during a break from...
View DetailsSingapore now has the best investment prospects in the Asia Pacific region, benefiting from the unrest in Hong Kong. The fortunes of Singapore and Hong Kong – two of Asia’s hottest property markets – are going in different directions, reported Bloomberg citing a Urban Land Institute and PricewaterhouseCoopers LLP report. Singapore now claims the top spot for real estate investment prospects in terms of price increases in 2020. Hong Kong, rocked by months of violent political protests, has fallen from 14th place to the bottom of the pile in 2019. The city-state has benefited from a surge in interest among investors who are steering clear of Hong Kong and China, which are...
View DetailsDubai’s property prices have been on a consistent decline over the last few years, prompting growing demand from Chinese buyers, reported Khaleej Times, citing research conducted by Juwai.com, an international property portal for mainland Chinese.The property portal evaluated Chinese consumers’ trends on property demand for the past seven years, and discovered Dubai as one of their top investment destinations.To help Chinese investors take advantage of Dubai’s property market, Juwai.com signed a merger agreement with international real estate firm IQI Global, which also sealed a deal with the leading property firm in Dubai Key One Realty Group.Group CEO of property firm...
View DetailsWant to live like Kim Kardashianand Kanye West? Well, you're in luck, because their $3.5 million Calabasas condo is up for grabs. The A-list pair have listed the 2,260 sq. ft. condo in downtown Calabasas after just two years of owning it. Perhaps this is because the duo primarily used it as an office space for their business, which continues to expand with fragrances, beauty lines and even shape-wear. Since the space functioned mainly as an office, the listing photos don't offer much to see beyond the main living space. However, one glimpse at the 3-bed, 4-bath listing is more than enough to recognize the minimalistic style the Kardashian-Wests are fond of. To achieve this look,...
View DetailsAs of September 2019, Korea emerged as the major real estate investor in the Asia Pacific region, accumulating 35 percent of the alternative real estate investments made by Asian nations, reported Korea Times, citing a study published on Tuesday. Based on the data from global real estate services and investment firm CBRE and Korea Institute of Finance (KIF), Korea ranked the highest, followed by Singapore at 20 percent, Hong Kong at 14 percent, and Japan at 10 percent. In 2017, China accounted for 55 percent of the total investments in the region, followed by Singapore at 17 percent, Hong Kong at 14 percent, and Korea at only six percent. However, KIF warned its citizens that the rising...
View DetailsSPH Reit Management, a Singaporean property investment trust, has acquired a 50 percent stake in Westfield Marion Shopping Centre in Australia for AUD670 million (USD460 million). Deal Street Asia reported that this could be the highest-priced shopping centre deal this year in South Australia. As the state’s biggest and only super-regional shopping centre, Westfield Marion has attracted 13.5 million visitors annually, boasting a 99.3 percent occupancy. It is situated 13 kilometres southwest of Adelaide’s Central Business District, encompassing 136,837 square metres of land area, with parking spaces for 5,549...
View DetailsDue to the US-China trade war and growing uncertainties in other countries, the residential property market in Japan has witnessed a 50 percent rise in foreign investments compared to a year ago, reported South China Morning Post. “I believe the interest of foreign investors in Japan property will grow further. We are having larger groups of investors becoming interested in the market… particularly in residential,” said Hideaki Suzuki, Cushman & Wakefield’s director and head of research and consulting in Japan. According to research published by Real Capital Analytics, a data analytics company focusing on property deals of over USD10 million, foreigners bought...
View DetailsHitachi Asia and Frasers Property Group have each contributed USD50 million to accelerate the digital transformation of Asia-Pacific’s real estate sector within the next five years, reported Yahoo! Finance. Both companies signed a memorandum of understanding (MOU) that states their objective to digitise the real estate sector, primarily focusing first on Australia, Singapore, and Thailand. By 2025, Asia Pacific’s total addressable property market, excluding China and Japan, is expected to reach USD82 billion, revealed Hitachi’s research. Moreover, Hitachi Asia and Frasers Property Group have also been collaborating with other Japanese institutions to design a new...
View DetailsMAINBOARD-LISTED department store operator Metro Holdings, which also invests in real estate, has re-entered Australia with plans to take a minority stake in a property portfolio for A$95.8 million (S$89.5 million), under a joint venture agreement disclosed on Friday. Paying in a mix of internal cash resources and external borrowings, Metro will take a 20 per cent interest in the 14 freehold properties by subscribing for units in three property trusts, while regional property group Sim Lian will own the rest of the portfolio. Metro and Sim Lian have agreed to set up an asset management company to look after the portfolio of four office buildings and 10 malls, spread across Sydney,...
View DetailsIf you’re sick of paying too much in rent for a tiny New York City apartment, you move into a stone building in Sicily for free. The mayor of the town of Cammarata, Vincenzo Giambrone, is trying to save his town from population decline. He plans to do so by having local families who have abandoned their homes hand over their properties to new owners — with no money exchanged. Some 12 houses are now available. But CNN reports that the free homes, which are both empty and crumbling, come with some strings attached. The new owners must fix up the structures on their own dime within three years, as well as put down a $4,300 deposit that will be returned once the work is...
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