ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

Phoenix Suns Owner Robert Sarver Sells Paradise Valley, Arizona, Home for a Record $19.25M

 Foreign Property News | Posted by Zarni Kyaw
Phoenix Suns Owner Robert Sarver Sells Paradise Valley, Arizona, Home for a Record $19.25M

 The five-acre estate features Camelback Mountain views and an indoor basketball courtRobert Sarver, owner of the NBA team Phoenix Suns and the Spanish football team Real Club Deportivo Mallorca, has just sold his five-acre private estate in Paradise Valley, Arizona, for $19.25 million, the highest residential sale ever recorded in the state. Mr. Sarver, who is also the founder of the National Bank of Arizona and executive director of Southwest Value Partners, a San Diego, California-based real estate investment firm, purchased the lot in 2007 for an undisclosed amount, according to property records. The main house, spanning 18,000 square feet with five bedrooms, and a two-bedroom...

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2019 seen as banner year for Asia hotel investments

 Foreign Property News | Posted by Hnin Ei Khin
2019 seen as banner year for Asia hotel investments

  Hotel investments in Asia Pacific will likely jump between 25 and 30 percent from a year earlier to exceed US$11 billion for the whole of 2019, as demand for hotels continues unabated, according to a recent report released by JLL. During the first nine months of this year, a total of US$7.8 billion worth of transactions had been completed across the region, making it likely that the US$11 billion mark will be breached for only the third time in the past 10 years. To date, only 2017 and 2015 have seen such figures. Notably, Japan seems to be the top-performing country in Asia Pacific with hotel transactions being predicted to surge 60 percent year on year to around US$4 billion,...

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Tencent pays RMB 8.5 B for the site to mixed use on the bay of Qianhai Shenzhen

 Foreign Property News | Posted by Aye Myat Thu
Tencent pays RMB 8.5 B for the site to mixed use on the bay of Qianhai Shenzhen

The government of Shenzhen issued the technology giant Tencent plot of 809 124 square meters (8.7 million square feet) of reclaimed land for the development of a “future city” based on technology and innovation, according to an announcement of the Grant of the lands and real estate of the city. Centre. The creator of the social networking application WeChat has agreed to pay the city a total of 8,52 billion RMB (1.21 billion usd) for the right to develop facilities dedicated to the cloud technology, medical technology, education technology, and the technology of the sport – as well as hotels, schools and apartments on the site 14 kilometers south of the international...

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Mirae Sells Germany’s Cologne City Hall For €500m

 Foreign Property News | Posted by Hnin Ei Khin
Mirae Sells Germany’s Cologne City Hall For €500m

Korean investment manager Mirae Asset Global Investments has sold the Cologne city hall to Germany’s DIC Asset AG for €500 million ($555 million), achieving a 27 percent capital gain after holding the asset for just over three and a half years. Known locally as the Stadthaus, the Peter Böhm-designed office complex in western Germany houses 3,500 civil servants, and is fully leased to the city government with an average remaining lease term of nine years. The Frankfurt-based buyer said in an announcement that it had purchased the property on behalf of five German institutional investors. Sonja Wärntges, DIC Asset AG’s chief executive officer, commented that the...

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Evergrande Boss Xu Jiayin Rmb 14.6b Richer As China’s 2nd-Largest Developer Announces Dividend

 Foreign Property News | Posted by Si Thu Aung
Evergrande Boss Xu Jiayin Rmb 14.6b Richer As China’s 2nd-Largest Developer Announces Dividend

China’s third-richest man is about to add RMB 14.6 billion ($2.1 billion) to his personal fortune after China Evergrande Group proposed its dividend for the 2018 financial year in an announcement on the Hong Kong stock exchange on Sunday. The mainland’s second-largest developer by sales proposes to pay out half of its 2018 profits, which totalled RMB 37.4 billion, as dividends to shareholders and with chairman Xu Jiayin holding a 78 percent stake in the Shenzhen-headquartered developer the billionaire is set for a windfall. The payout comes after China Evergrande’s group revenues rose to RMB 466.2 billion in 2018 – a nearly 50 percent increase over the previous...

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Real estate market in Singapore faces a downward slump

 Foreign Property News | Posted by Hnin Ei Khin
Real estate market in Singapore faces a downward slump

### Zawgyi Version ### ေရာင္းမထြက္ေသးသည့္ ေနအိမ္အလြန္မ်ားျပားေနမႈႏွင့္ မွန္းဆမရေသာစီးပြားေရးအေျခအေနတို႔ေၾကာင့္ စကၤာပူအိမ္ၿခံေျမေဈးကြက္သည္ အႏၱရာယ္မ်ားႏွင့္ရင္ဆုိင္ရႏုိင္ေၾကာင္း Channel News Asia သတင္းဌာနက ေဖာ္ျပခဲ့သည္။ ဝယ္လက္မ်ားအေနျဖင့္...

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Residential property glut in Singapore will take years to clear, experts warn

 Foreign Property News | Posted by Si Thu Aung
Residential property glut in Singapore will take years to clear, experts warn

Singapore is currently facing an oversupply of private residences that could take years to clear, reported Bloomberg. The central bank added that this current situation could also disrupt the budding recovery of prices, particularly with the local economy’s uncertain future. As of September 30, the Urban Redevelopment Authority revealed that the number of overhang units in the city-state amounted to 31,948. Moreover, Christine Li, head of research for Singapore and South-east Asia at Cushman & Wakefield, said that an average of 2,500 homes are sold per quarter this year, which means that it will take around four years to clear the backlog. To counter the glut, property...

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SC Capital buy SYDNEY OFFICE BUILDING FROM CENTURIA FOR A$105M

 Foreign Property News | Posted by Hnin Ei Khin
SC Capital buy SYDNEY OFFICE BUILDING FROM CENTURIA FOR A$105M

SC Capital Partners has announced that it has inked a deal to purchase a grade A office tower just outside of Sydney for A$105.3 million ($72 million), as the company doubles down on its exposure in Australia. The Singapore-based private equity firm is acquiring the office property at 2-10 Wentworth Street in Parramatta from Centuria Property Funds through its open-ended SCORE+ Fund, which invests in core and core-plus real estate assets in Asia Pacific. The acquisition is the company’s third Australian purchase in less than two months through its SCORE+ and RECAP funds. “Two Wentworth Street is an excellent addition to the SCORE+ Fund portfolio and is consistent with its...

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Pad fit for a president! Barack and Michelle Obama buy the $11.75 million seven-bedroom Martha's Vineyard home they fell in love with after renting it last summer

 Foreign Property News | Posted by Shwe Zin Win
Pad fit for a president! Barack and Michelle Obama buy the $11.75 million seven-bedroom Martha's Vineyard home they fell in love with after renting it last summer

The Obamas are likely celebrating as they have closed the deal on a massive seven-bedroom mansion on Martha's Vineyard. The former President and First Lady received the keys to their new mega-home which occupies 29 acres of beachfront property. The couple have been eyeing up the property since staying there last summer after it was put on the market by Celtics owner Wyc Grousbeck. Outside the main house, there's 29 beachfront acres, a pool (pictured), chef's kitchen, outdoor fireplace, and two guest wings. Grousbeck had the property on the market for four years, first listing it in 2015 for $22.5 million. The house was originally listed for $14,850,000 but TMZ reports the Obamas...

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Fit for a king! Grade II listed Welsh manor once owned by Henry VIII comes with an original 15th century bread oven and could be yours for £875,000

 Foreign Property News | Posted by Si Thu Aung
Fit for a king! Grade II listed Welsh manor once owned by Henry VIII comes with an original 15th century bread oven and could be yours for £875,000

A striking Grade II listed Welsh manor that's steeped in history is on the market for £875,000.The medieval property was constructed in 1205 and records imply it was once owned by King Henry VIII. More recently, the house has been used as a family home, as well as a holiday let after being renovated by the current owner. It has some unique features, including at ground floor, a 15th century bread oven recessed in the kitchen, as well as wooden beams and medieval stonework surrounding many of the windows. There is a choice of three separate staircases leading to the first floor, which has a Great Dining Hall and a library room. The Great Dining Hall has original hardwood...

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