Foreign Property News | Posted by Zarni Kyaw
This is the world’s most crowded apartment block that houses 20,000 people – but residents never have to leave. The unbelievable building in Russia contains a whopping 3,708 apartments with 35 entrances and 25 floors. Situated near Saint Petersburg, the massive “Human Anthill” has blown people away by its enormity – and left some questioning what food deliveries might look like here. Most apartments are one or two-beds and there’s an average of around four to six apartments on each floor. (This complex in Russia is home to 20,000 people. Picture: Alamy) And presumably a relief for residents, each section of the complex has four speedy...
Foreign Property News | Posted by Hnin Ei Khin
A savvy Nevada couple scored the bargain of a lifetime when they bought their dream home for just $1. Logan and Angelina Needham became the proud owners of the oldest house in Reno, with historians claiming it was one of the first ever built in the city. After a 'thorough vetting process' the couple purchased the historic property from its previous owners, Jacobs Entertainment, who are a gaming, hospitality, and entertainment company. The company had originally bought the home for a whopping $1.2 million, so the pair got an unbelievable discount. However, the price tag of $1 comes with quite a big catch - it's up to the new owners to firstly relocate and then preserve the...
Foreign Property News | Posted by Hnin Ei Khin
Many landlords in Dubai are asking tenants to vacate their properties in order to list them for sale, to cash in on record high prices, or move in themselves to beat rising rentals. I Rents have been increasing at a double-digit rate in Dubai over the past three years due to high demand from new residents coming to the emirate. Anisha Sagar, director of property management at Allsopp and Allsopp, said the law is clear that owners can serve notice to a tenant if they decide to sell the property or intend to move into the property for personal use. (Anisha Sagar) “What we have noticed is an increase in landlords looking to take advantage of the excellent market and...
Foreign Property News | Posted by Shwe Zin Win
AN abandoned train station has been untouched since the 1950s with its original features intact - and you can buy it for just £40,000. Pentre Berw station was once full of smoke from steam engines and sounds of whistles but has been left vacant for decades. (The abandoned train station in Pentre Berw.Credit: WNS) (The station's original features are untouched.Credit: WNS) (It will soon be converted into a family home.Credit: WNS) The red and white brick station, nestled next to a tunnel, is in need of modernisation. But the station could be turned into a family home that's just the ticket. The former rural station in Anglesey still has a ticket...
Foreign Property News | Posted by Hnin Ei Khin
The Olympic Village is taking some serious heat after a gold medalist was found sleeping beside a park bench. You would believe that living in quarters specifically designed to host the best of the best Olympians in the world would be something all of the athletes would be excited about. But not one of them. Instead, gold medalist Thomas Ceccon has had some harsh words about the conditions he was living in at the village. Ceccon complained about his environment, even though he went on to pick up two medals this week. Calling it ‘subpar’, the Italian swimmer must have decided that sleeping outdoors was far better conditions than a place with a cardboard bed and had a quick...
Foreign Property News | Posted by Shwe Zin Win
Philippines gymnast Carlos Yulo made history as the country’s first-ever male Olympic gold medalist when he won the top prize for his floor routine on Aug. 3—and then again, when he became the country’s first two-time gold medalist after winning on the vault less than 24 hours later. But the 24-year-old gymnast won’t just be walking away from this summer’s Olympic Games with a pair of medals—he also won a fully furnished $550,000 condo. The Olympian was originally set to win a two-bedroom condo worth $415,000 (24,000,000 Philippine pesos) in the heart of Taguig City, in metropolitan Manila, thanks to the property developer Megaworld Corp. However in...
Foreign Property News | Posted by Zarni Kyaw
The Bosphorus Bridge connects Europe and Asia at Istanbul but costs just 36p to cross. Renamed Martyrs' Bridge in July 2016 after an attempted coup in Turkey when a Turkish army faction occupied the crossing, the structure is one of three bridges across the BosphorusThis strait runs between the Black Sea and Sea of Marmara, forming part of the boundary between Asia and Europe as well as a major route to the Mediterranean Sea for countries including Ukraine. Three bridges cross the strait, with the first - the Martyrs’ Bridge - built in 1973; the second - the Fatih Sultan Mehmet Bridge - was completed in 1988, and the Yavuz Sultan Selim Bridge opened in 2016. Martyrs' Bridge's deck...
Foreign Property News | Posted by Hnin Ei Khin
She purchased the hefty '$58million' property in Beverly Hills two years ago with her husband Rich Paul, which was previously owned by Sylvester Stallone. And Adele still hasn't moved into her 'forever home' despite spending millions more renovating the mansion. The singer has extended the 18,587 square-foot home, which already had eight bedrooms and 12 bathrooms, skywards in order to build a garage to fit five luxury cars. According to The Sun, Adele's team said they are also fitting a 'cool roof' on the property to comply with 'strict specifications of properties in a 'very high' Fire Hazard Severity Zone. A source said: 'When Adele bought the house she didn’t intend to change...
Foreign Property News | Posted by Aye Myat Thu
A SCION of the Tang family behind one of Singapore’s iconic department store chains is seeking to sell his mansion for S$83 million, amid an upswing in transactions for the the city-state’s most prestigious properties. The so-called good class bungalow, which sits on more than 0.7 acres of land, was listed by realtor Knight Frank for sale on Friday (Jun 7).It’s located in Victoria Park, a wealthy area near the Botanic Gardens, and has covered parking, eight bathrooms and a swimming pool. The property is owned by Tang Wee Kit, according to a filing seen by Bloomberg News. He’s the son of the late Tang Choon Keng, better known as CK Tang.The China-born tycoon...
Foreign Property News | Posted by Si Thu Aung
A mansion at one of Hong Kong’s most exclusive neighbourhoods found its buyer after a fire sale and 15 months on the auction block, offering a minor victory for China Evergrande Group’s liquidators as they grapple to sell the defunct developer’s assets. The 5,171-sq ft mansion at 10B Black’s Link, previously held by an Evergrande executive, sold last month for HK$448 million (US$57.35 million), according to the Land Registry. The price was 44 per cent less than the HK$800 million that valuers had estimated the property to be worth. The buyer of the two-storey mansion, located near the Hong Kong Cricket Club and one of the island’s favourite trekking trails,...