Foreign Property News | Posted by Zarni Kyaw
Aussie Melita Koulmandas never set out to buy a tropical islandBut it's now 20 years since she snapped up a small piece of paradise in south-east Asia. Melita, who is from Sydney, moved to Cambodia with her then husband when she was 30. They had been visiting the island, Song Saa, on an old fishing boat when it was offered to them by a villager - for just $15,000. The couple, who had been living in capital Phnom Penh, decided to jump on the opportunity. They planned to transform it into a hotel resort - despite having no prior experience. Melita's background was in design, not hospitality. (The island was overgrown and needed a lot of work to transform it into a luxury...
Foreign Property News | Posted by Hnin Ei Khin
It was shocking for all the top executives of the Tata Group in April 2001 when they arrived at the office. An anonymous letter was found on the table, naming the company’s top officials as fraudsters. In the letter, a serious fraud allegation was levelled against senior company official Dilip Pendse, which shocked the top officials and prompted them to swing into action. (Police had to hold back crowds of people paying their respects in Mumbai) The letter alleged that Pendse was involved in a Rs 500 crore fraud at Tata Finance. It was cited in a letter that Tata Finance had cheated its investors. Tata Finance was the flagship company of the Group and it was...
Foreign Property News | Posted by Hnin Ei Khin
A popular off-grid tiny home, made from old car tyres, looks set to remain as short-stay rental accommodation after a Fleurieu Peninsula acreage property went under offer. The Earthship home is one of three separate dwellings on the 7.58-hectare Old Willunga Rd property that boasts breathtaking views across the Willunga Basin to the ocean and is within walking distance to the Willunga township. A circa-1800 one-bedroom stone cottage and a larger, 1960s home are also on the property, which was open to offers of more than $1.8m and drew more than 250 inquiries and five offers to purchase. (Made out of recycled garbage, the tiny, off-grid home is one of just four, so-called...
Foreign Property News | Posted by Shwe Zin Win
Thought your rented flat in the city was tiny? One man has embarked on a quest to build the world’s smallest tiny home, with the result measuring just 19.46 square feet.Levi Kelly, 27, decided to build the teeny property in a bid to win a Guinness World Record. Still, he didn’t scrimp on the essentials, as it’s fitted with everything a regular house would have, including a bed, kitchen, hot water, a toilet, shower and even air conditioning.The definition of a tiny home, as outlined by the International Residential Code, necessitates the space being no bigger than an ergonomic 400 square feet – which Levi has certainly mastered. But there’s a science behind...
Foreign Property News | Posted by Si Thu Aung
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Foreign Property News | Posted by Shwe Zin Win
Kelly Osbourne, the TV host and reality star, is letting go of her midcentury modern Los Feliz jewel box, putting the picturesque property on the market for $4.35 million—just weeks after her parents, Ozzy and Sharon Osbourne sold one of their California properties. Ozzy, 75, and Sharon, 72, finally managed to offload their L.A. condo for $4.35 million in early October, having listed it for sale no less than three times over a yearlong period. Their decision to sell the property came after they revealed their plans to quit the U.S. for good and relocate back to their home in the U.K. It’s unclear whether their 39-year-old daughter is planning a similar move across the...
Foreign Property News | Posted by Si Thu Aung
Tom Cruise can breathe a sigh of relief after his luxury Clearwater, Florida, penthouse stood tall against the potentially devastating Hurricane Milton. The mega-storm, which meteorologists initially warned could reach a catastrophic Category 5, ended up sparing Cruise’s prized multimillion-dollar property. The hurricane had been predicted to wreak havoc on the city, raising fears of a deadly storm surge and intense flooding. But according to Florida Gov. Ron DeSantis, the storm weakened just before landfall, easing concerns. (Tom Cruise is seen landing at London’s Battersea Airport looking concerned a day before Hurricane Milton hit Florida.BACKGRID) (Tom...
Foreign Property News | Posted by Zarni Kyaw
A mega-wealthy investor has explained how he came from housing commission in the suburbs to owning a $90 million property portfolio. Eddie Dilleen, 33, once lived in Mt Druitt in Sydney's west and worked at his local McDonald's. Now, the young mogul owns 110 properties across almost every Australian capital city. (Property mogul Eddie Dilleen owns 110 properties across most Australian capital cities. (Dileen Property) "I grew up in housing commission, basically in poverty, and I had that attitude when I was growing up at first that it's unfair when other people have money and I don't," he told Ben Fordham Live today. "I realised after a couple years if I kept having...
Foreign Property News | Posted by Hnin Ei Khin
When the Duke and Duchess of Sussex were evicted from their cottage at Windsor by King Charles, they were left without a home in this country. The California-based couple have, however, ensured that they retain a foothold on this side of the Atlantic. The Daily Mail understands that Prince Harry and Meghan have bought a home in Portugal. They are not the only royals who have a Portuguese property, with Harry's cousin Princess Eugenie and her husband, Jack Brooksbank, owning a home in the CostaTerra Golf and Ocean Club, a luxury development of 300 properties by the sea in Melides, south of the Portuguese capital, Lisbon. Prince Harry already own an expansive $14.65 million mansion in...
Foreign Property News | Posted by Shwe Zin Win
From nightmarish landlords to sky-high prices, the London renting market is notoriously hellish. It’s still markedly expensive to live in the Big Smoke, with average rents reaching £2,121 per month in April 2024, according to statistics from Zoopla. Now, the owner of one central London flat is letting housemates with lower incomes choose their own rent, offering up a ‘pay what you can’ deal. Rupert Hunt, the founder of flatsharing website SpareRoom, is searching for a new housemate to join him at his home in Spitalfields in East London. So, what inspired Rupert to allow potential flatmates to choose their own rental terms? When he started his business, the...