Foreign Property News | Posted by Hnin Ei Khin
When you’re the world’s third-richest man – according to Forbes – with a net worth of $209 billion, buying real estate for price tags that would be shocking to most is just another day at the office for Oracle founder Larry Ellison. His recent $202 million purchase of a stately London office building is the latest jewel in a glittering real estate portfolio. According to CoStar News, Ellison has agreed to buy the West End property from Hong Kong-listed investor Chinese Estates. The property, located at 11-12 James Square, is currently entirely vacant, and Ellison, 80, is thought to be buying it for one of his businesses. Chinese Estate purchased the building from...
Foreign Property News | Posted by Zarni Kyaw
Jennifer Lawrence, the Oscar-winning actress known for her roles in “The Hunger Games” and “Silver Linings Playbook,” has made quite a splash in the real estate world. Her most recent acquisition, a stunning $21.9 million townhouse in Manhattan’s West Village, has caught the attention of fans and property enthusiasts alike. This article delves into the details of Jennifer Lawrence House, exploring her various residences and their unique features. She purchased a brand new four-bedroom townhouse in Manhattan’s West Village for a whopping $21.9 million. This stunning property, located in one of New York City’s most desirable neighborhoods, offers...
Foreign Property News | Posted by Shwe Zin Win
US private equity giant Blackstone has agreed to acquire a raft of new homes across the UK as it looks to cash in on soaring rents. Up to 1,750 homes have been snapped up by Blackstone after it struck a £580m deal with developer Vistry. The agreement is Blackstone’s second with Vistry in less than a year as it pushes further into Britain’s rental sector. So far it has agreed to spend £1.4bn on more than 4,500 homes across the UK, supported by its investment partner Regis. It is the latest sign that Britain’s rental sector is attracting greater levels of investment from private equity groups and pension funds. The likes of Aviva Investors, Legal &...
Foreign Property News | Posted by Aye Myat Thu
Mukesh Ambani and Nita Ambani don't hold anything back when it comes to raising their children. The wealthiest man in India and the tenth richest person in the world, Mukesh Ambani, has the resources to lavish his children, Akash and Isha, the twins, and Anant, their younger brother, according to India Today. The wealthy couple recently spent around INR 1259 crore on Radhika Merchant and Anant Ambani's bachelorette party. Superstar Rihanna was paid between INR 66 and INR 74 crore for her performance. They are currently preparing to spend twice that amount on the July wedding. For his son Anant, Mukesh Ambani has purchased an opulent beachfront property in Dubai. As per the reports, this...
Foreign Property News | Posted by Shwe Zin Win
He fell in love with Thailand while traveling in his 20s. Now 40, he's back and has built his dream 'James Bond' luxury villa. https://www.businessinsider.com/millennial-built-luxury-home-thailand-relocation-debt-free-chiang-mai-2024-5The first time Johnny Ward went to Chiang Mai, Thailand, he was 22. He paid for his one-way flight with money he earned from participating in a five-week medical-research study. It was the first time he'd traveled anywhere in Asia. (Johnny Ward on a scooter in front of his house in Chiang Mai, Thailand.Johnny Ward/onestepforward) Over the next year and a half, Ward taught English at a local school and fell in love with Chiang Mai's...
Foreign Property News | Posted by Hnin Ei Khin
In 2018, my friend sent me a listing for Cerro Gordo, an abandoned mining town in California. "This might be your next project," he joked. The idea of a remote town in the American West was very alluring to me. It reminded me of the old TV westerns my grandfather watched every day. I was running a pretty popular bed and breakfast in Austin, but it felt like I was just searching for something to shake me up from the routine monotony. Buying this ghost town has done that. It cost $1.4 million — more than half was a loan from a hard money lender. The rest was mostly split between my friend and me, but a few other friends also chipped in. On the surface, you understand it's going to...
Foreign Property News | Posted by Zarni Kyaw
The wife of Chinese billionaire Jack Ma has acquired three so-called shophouses in Singapore, the Business Times reported, properties that are among the city-state’s most highly prized. Wife of Alibaba co-founder Jack Ma reportedly buys 3 shophouses on Duxton Road. Singapore’s soaring property prices are no big deal for the ultra-wealthy, who are snapping up real estate like a real-life game of Monopoly. On Wednesday (21 Feb), The Business Times (BT) reported that a woman named Zhang Ying had purchased three Tanjong Pagar shophouses. (Source: Sohu) Wife of Jack Ma reportedly pays S$45 million to S$50 million for Duxton Road shophouses. According to BT,...
Foreign Property News | Posted by Aye Myat Thu
I'm a millennial, which means I, like so many in my generation, have had a rough time financially. I'm facing student loans, high inflation, and stagnant wages. The cost of living is high, and unfortunately I'm not a trust-fund kid with wealthy relatives. While other people my age may be sacrificing dreams of homeownership, children, and a career they love, one trick up my sleeve has helped me more than anything: polyamory. My husband, Daniel, and I agreed to try polyamory in December 2015. We'd married in 2008 and had two children by 2013. For the first few years we tended to date other people who were also in primary relationships with other people. (Jared Soares for...
Foreign Property News | Posted by Shwe Zin Win
Former boy wonder Blake Ross, 38, who co-founded the web browser Mozilla Firefox when he was just a teenager, is the latest boldface buyer at the Renzo Piano-designed 565 Broome St. condo in Soho. Ross, who has written with grace and humor about his condition of aphantasia — which means he can’t “see” anything in his mind’s eye and grew up thinking no one else could either — paid $8.25 million for the three-bedroom, 3½-bath condo, Gimme Shelter has learned. At 2,512 square feet, the 24th-floor residence comes with city skyline and Hudson River views. It had been on the market for $8.5 million, down from its $8.9 million asking price in...
Foreign Property News | Posted by Hnin Ei Khin
I bought crumbling castle loved by royals for just £1 – it was a ‘romantic ruin’ until I could cut off the padlock A MAN who brought a crumbling castle that was once fit for a king revealed how he bagged a royal's paradise for just £1. Martin Higgins, 60, from Brockham in Surrey, bought Betchworth Castle for cheap after the local council refused to restore it. (A man bought the ruins of a castle for just £1.Credit: BPM) (Historian, Martin Higgins, owns the castle.Credit: Getty) He first went inside Betchworth Castle as a child, when local kids used to trespass around the grounds. King Edward is said to have...