Foreign Property News | Posted by Si Thu Aung
A company linked to the president of the United Arab Emirates has picked up a luxury mansion in one of London's poshest areas for what he would likely consider pocket change - at an eye-watering £65million. Sheikh Mohammed bin Zayed al Nahyan acquired the house in Chelsea - complete with swimming pool, cinema room and car lift - in November last year via a shell company incorporated in the British Virgin Islands and based in Jersey. The house was one of three built by a group of businessmen on the site of a former BT telephone exchange in the 2000s. MBZ, as he is often known, succeeded his late brother as UAE president and ruler of Abu Dhabi in 2022. Each of the identical mansions...
Foreign Property News | Posted by Hnin Ei Khin
Villa Gucci in Rome, the longtime home of the fashion empire, has just had its asking price discounted to €13.9 million (US$14.5 million). The salmon pink-painted four-story villa was built by Aldo Gucci—the eldest son of the fashion house’s founder, Guccio Gucci—in 1951. Before its price cut this week, the home, which is still in the hands of the family, was asking €15 million. A representative for the family could not immediately be reached for comment. Tucked away behind gates and at the center of its vast grounds, the eight-bedroom main villa is reached via a winding driveway that’s surrounded by towering trees and fountains. Combining Tuscan and...
Foreign Property News | Posted by Shwe Zin Win
A prime plot of land on “Billionaire’s Row” in Palm Beach, FL, has hit the market for the jaw-dropping price of $200 million—just days after billionaire Estee Lauder heir William Lauder reportedly sold off a near-identical property for $178 million. The 2-acre, ocean-to-lake parcel at 1980 South Ocean Boulevard is delivered vacant, offering its future owner a one-of-a-kind opportunity to construct their dream home from scratch—without the need for any demolition work to clear away an existing structure. “When looking at the neighboring properties on ‘Billionaire’s Row,’ this property is truly the last of its kind,” notes listing...
Foreign Property News | Posted by Aye Myat Thu
Less than a month after the Los Angeles wildfires threatened to destroy it, Gwyneth Paltrow’s longtime home in Los Angeles’ Brentwood area has sold for $22 million. The home, which was unharmed by the fires, came on the market for $29.99 million in May 2024. The price was lowered to $24.9 million in October. Paltrow and her ex-husband, Chris Martin, bought the house for $9.95 million in 2012, property records show. The buyer is unknown. The property is located in the Mandeville Canyon area of Brentwood, which is known for its sprawling lots, tall hedges and old-growth trees. The area was ultimately largely spared from the fires. The market in L.A.-area neighborhoods...
Foreign Property News | Posted by Aye Myat Thu
Before independence, the Indian subcontinent housed over 500 princely states, which were the royalty of India. After the 1970s, however, royalty in Indian society was replaced by business tycoons and, in some cases, the richest film stars and cricketers. Quite often, the erstwhile royalty and the modern royalty overlap, though, which is the case with this one actor, who lives in one of the most expensive residences in the country. The most expensive home owned by an Indian actor is worth ₹800 crore, more than the combined values of SRK's Mannat and Amitabh Bachchan's...
Foreign Property News | Posted by Shwe Zin Win
A man in China has discovered his former homeowner secretly living in the basement of the house he bought seven years ago, attracting much attention online. The man, surnamed Li, from Jiangsu province in eastern China, bought a city centre, second-hand home for nearly 2 million yuan (US$280,000) in 2018, the mainland media outlet NetEase News reported. Li’s family was delighted with their new home, which boasted convenient transport and exquisite renovations. However, while tidying up household items recently, Li stumbled upon a hidden door concealed behind a staircase. The door led to a basement that he had not noticed before. (A secret door the homeowner had...
Foreign Property News | Posted by Si Thu Aung
A San Francisco mansion where the late actor Robin Williams raised his children for more than two decades has sold for $18 million. The Italian Renaissance-style villa, built in 1926, is located in the exclusive Sea Cliff neighborhood and spans nearly 11,000 square feet across three stories, Kron4 reported. The property, at 540 El Camino Del Mar, offers panoramic views of the Golden Gate Bridge, Marin Headlands and the Pacific Ocean. (The former couple had purchased the home back in 1991 for $3.1 million.Open Homes) (Robin Williams at the “Jumanji” premiere in 1995 with his ex-wife Marsha Williams and their children.Ron Galella Collection...
Foreign Property News | Posted by Zarni Kyaw
DeepSeek founder and chief executive Liang Wenfeng received a hero’s welcome during his hometown visit for the Lunar New Year holiday, according to local media and social-media posts, as the Chinese start-up remains under the spotlight for its impact on the artificial intelligence (AI) industry. Liang, 40, on Tuesday returned to Mililing village in Zhanjiang, a port city in southern Guangdong province, where a red banner was raised hailing the low-profile tech entrepreneur as “hometown pride” for bringing honour to the local community, according to social-media posts. His visit on Lunar New Year’s Eve marks the day when Chinese families traditionally hold reunions...
Foreign Property News | Posted by Aye Myat Thu
According to the listing agent, it is now seriously for sale and inviting buyer enquiry from $2.9 million. The village, which is 7km from Kurow and 50km from Oamaru, was built in the 1930s to house workers on the nearby Waitaki Dam. At its peak, more than 2000 people lived in the village. The brick houses were reserved for the managers while old photos show rows and rows of wooden huts for the workers. Those huts were relocated around the region once the dam was automated and now there are just three groups of people residing there – the owner in the main lodge and tenants in the only two cottages which have been renovated. (Two of the eight three-bedroom cottages have...
Foreign Property News | Posted by Si Thu Aung
A sprawling $7.4 million countryside estate in West Sussex, England has been languishing on the market for more than a decade, and the owner says it’s all thanks to one famous former resident: Adele. The Grammy-winning singer lived in the luxurious mansion for just six months in 2012, but her comments about the property being “haunted” have reportedly torpedoed any chance of selling it. The 10-bedroom Lock House — a converted convent with indoor and outdoor swimming pools, a tennis court and a helicopter pad — he thinks should be an easy sell. (The home occupies nearly 20,000 square feet.Strutt&Parker/BNPS) (Adele gave a tour of Lock...