Foreign Property News | Posted by Aye Myat Thu
Actress Carina Lau, wife of the celebrated actor Tony Leung, disposed of her property in Shanghai for a total of HK$73.8 million (US$9.4 million). Sinchew reports that Lau bought the villa 13 years ago and netted a profit of HK$21 million from the sale. The villa features four bedrooms, rooms with sea views, and includes a parking space. Lau had resided there for an extended period before relocating. Lau is often commended for her "golden hand" in property deals and her proficient financial management. Known for her enthusiasm for real estate investment, she owns at least 10 opulent residences in Hong Kong, collectively valued at several hundred million dollars. Additionally, she...
Foreign Property News | Posted by Aye Myat Thu
For homebuyers with a special affection for life on the water—and an insistence on creature comforts—floating homes check a lot of boxes. These unique dwellings offer a permanent, water-based lifestyle on lakes, rivers, and bays, but they do require sea legs. Because these homes are built on floating foundations, residents will feel swaying—especially when a storm rolls in. So for those who can handle the occasional shaky spell, we’ve found five floating homes for sale. We’ve limited the budget to prices below $700,000. Yes, that’s well above the national median for a regular old tract home, but isn’t the waterfront life worth a splurge? 1....
Foreign Property News | Posted by Si Thu Aung
A Park Avenue residence that has been home to Canada’s consul general and used for official functions is on the market for $9.5 million. “Governments are becoming more strategic in their property portfolio management,” said Douglas Elliman’s Thomas Aabo, who is co-listing the property with Elliman’s Erin Boisson Aries. “As diplomatic requirements change, certain assets no longer fit official functions. This beautiful co-op residence is a great opportunity for a private buyer to acquire a high-quality property at attractive pricing.” A new owner stands to get a splendid piece of property. “The building is known for its gracious layouts and...
Foreign Property News | Posted by Shwe Zin Win
Dream of Californication. The former Beverly Hills home of Red Hot Chili Peppers singer Anthony Kiedis has listed for $11.25 million, The Post has learned. Kiedis, 61, lived at the property from 2004 to 2007, during which time the rock group recorded and released its seminal, Grammy Award-winning double album “Stadium Arcadium,” which includes such hits as “Dani California” and “Snow (Hey Oh).” “Located just moments from the heart of Beverly Hills, this gated estate spans over three lushly landscaped acres and transports you to a European retreat,” reads 1410 Davies Drive’s listing, which is held by agents Carl Gambino and Alyson...
Foreign Property News | Posted by Zarni Kyaw
Jim Carrey is renowned for his comedic timing and hilarious on-screen appearances—but it’s doubtful the funnyman is feeling very festive after knocking an additional $2.15 million off the price of his Los Angeles mansion, marking the fourth time he has slashed the price in less than two years. Carrey, 62, originally put the five-bedroom, nine-bathroom estate on the market in February 2023 with a sky-high listing price of $28.9 million. Despite the property’s glitzy celebrity ties and picture-perfect amenities, it failed to garner much interest, prompting the “Bruce Almighty” star to lower the ask to $26.5 million just two months later. Yet again, no...
Foreign Property News | Posted by Aye Myat Thu
Peloton was one of the hottest commodities on the market during the pandemic. But as the dangers of COVID-19 subsided, so too did the stock of the fitness equipment company, and its former billionaire CEO John Foley says his wealth got wiped out in the process. “You know, at one point I had a lot of money on paper,” Foley, who cofounded Peloton in 2012 and was at its helm for a decade, told the New York Post. “Not actually [in the bank], unfortunately. I’ve lost all my money. I’ve had to sell almost everything in my life.” When demand for at-home workouts surged during the early days of COVID-19, Peloton sales soared by 250%, stock rose by more than...
Foreign Property News | Posted by Hnin Ei Khin
These well-heeled tenants could easily afford to become homeowners, but they’d simply rather not. For most Americans, it’s finances that keep them from purchasing property — but among the extremely wealthy elite, for whom money is hardly an object, there is a growing preference towards renting instead of buying. Over the past 15 years, the number of households in the top 5% of net worth has almost doubled, to close to 5%, the Wall Street Journal reported based on the Federal Reserve’s Survey of Consumer Finances. (High interest rates are one reason for renting’s newfound appeal to the wealthy elite.Dariusz Jarzabek –...
Foreign Property News | Posted by Aye Myat Thu
Jennifer Lopez and Ben Affleck are still trying to offload their $68 million marital mansion in the wake of their divorce—but that hasn’t stopped the “Jenny From the Block” singer from reportedly eyeing up another wildly expensive Los Angeles home. Reports suggest that J. Lo and Affleck stand to lose up to $25 million on the sale of their Beverly Hills home, which they purchased for $60.8 million in 2023 and have since put on the market for $68 million. Apparently, the pop princess is still willing to fork out millions more on a home of her own. TMZ claims that Lopez is currently “in negotiations to buy” a lavish and storied mansion that would more...
Foreign Property News | Posted by Hnin Ei Khin
This Manhattan triplex is looking for a new owner — be they hero or villain. A Murray Hill penthouse featured in director Sam Raimi’s early 2000s “Spider-Man” trilogy has hit the market with a $1.95 million price tag, according to a StreetEasy listing update. The unit played the part of Spider-Man’s nemesis the Green Goblin’s lair in all three films — “Spider-Man,” “Spider-Man 2” and “Spider-Man 3,” which were released in 2002, 2004 and 2007 respectively, starring Willem Dafoe as the supervillain and Tobey Maguire as Spider-Man. (The unit’s private roof terrace.Yale Wagner) (The sole...
Foreign Property News | Posted by Si Thu Aung
*Oracle stock is surging because of AI.*That means Oracle cofounder Larry Ellison's net worth is surging.*That means it's even easier for Ellison to buy Paramount for his son David. Oracle stock is on a tear. Shares of the business software company shot up 5% on Monday and are up 64% for the year. The Oracle boom is directly tied to the AI boom. Even though investors are starting to wonder about all the money companies like Google are spending on AI, they are excited about what all that spending means for Oracle's cloud and database revenue. But those numbers are kind of abstract to most people. And lots of people don't really care about enterprise software or AI bills.So let's put it...