Foreign Property News | Posted by Si Thu Aung
China Overseas Land & Investment (COLI) has teamed up with the real estate arm of state-owned steel company Shougang to win a 61,100 square metre (657,674 square foot) residential site in Beijing for RMB 5.1 billion ($730 million), according to a notice by Beijing Municipal Commission of Planning and Natural Resources. With the purchase last week, the pair of state run giants have won the right to develop and market 148,600 square metres of space at the site near Gucheng station on Beijing’s metro line one without price restrictions, provided that they also build community facilities associated with the project under the terms of the land tender. The acquisition comes one year...
Knowledge | Posted by Shwe Zin Win
### Zawgyi Version ### ၁၉၈၇ခုႏွစ္၊ မေရႊ႕မေျပာင္းႏိုင္သည့္ပစၥည္း လႊဲေျပာင္းျခင္းကို ကန္႔သတ္သည့္ဥပေဒအရ ႏိုင္ငံျခားသားမ်ားအား မေရႊ႕မေျပာင္းႏိုင္ေသာပစၥည္းႏွင့္ပတ္သက္၍ ေရာင္းခ်ျခင္း၊ ၀ယ္ယူျခင္း၊ ေပးကမ္းျခင္း၊ ေပးကမ္းသည္ကို လက္ခံျခင္း၊ ေပါင္ႏွံျခင္း၊...
Foreign Property News | Posted by Aye Myat Thu
A Shanghai government developer has agreed to pay RMB 7.14 billion ($1.02 billion) for a site in the city’s Pudong district, where it will build a mixed-use commercial and residential complex featuring a 320-metre (1,050-foot) supertall tower. Shanghai Zhangjiang High Tech Park Development nabbed the 58,225 square metre (626,728 square foot) site in the centre of Zhangjiang High Tech Park for the equivalent of RMB 16,786 per square metre of gross floor area, according to a filing to the Shanghai Stock Exchange. The developer of the technology park east of the Huangpu River was the sole bidder for the site at a government land sale in late October. The site is approved for the...
Foreign Property News | Posted by Zarni Kyaw
The Weeknd has snapped up one of the priciest condos ever sold in Los Angeles for $21 million, a source confirmed. The expansive four-bedroom penthouse, encased in floor-to-ceiling glass windows, spans the entire 18th floor of the boutique new development Beverly West, a 22-story tower with 35 units that abuts the Los Angeles Country Club. The deal comes on the heels of another penthouse sale in the building for the same price to real estate developer Richard Lewis, according to property records. The sale, which has yet to land in property records, marks a transition to vertical living for Grammy-winning singer songwriter Abel Tesfaye, 29, better known by his stage name The...
Local Property News | Posted by Hnin Ei Khin
### Zawgyi Version ### ရန္ကုန္တိုင္းအစိုးရကေရာင္းခ်သည့္ ေျမအသုံးျပဳခြင့္ေလွ်ာက္လႊာ ဝယ္ယူသူ ၁၅၀၀၀ ေက်ာ္အနက္ ေလွ်ာက္လႊာ ၁၂၀၀၀ ေက်ာ္၏ အား စစ္ေဆးေနဆဲျဖစ္ျဖစ္ေၾကာင္း ရန္ကုန္ၿမိဳ့ေတာ္ စည္ပင္သာယာေရး ေကာ္မတီ တြဲဖက္အတြင္းေရးမႉး ဦးသန္းက ၿမိဳ႕ေတာ္စည္ပင္၌...
Foreign Property News | Posted by Si Thu Aung
SPH Reit Management, a Singaporean property investment trust, has acquired a 50 percent stake in Westfield Marion Shopping Centre in Australia for AUD670 million (USD460 million). Deal Street Asia reported that this could be the highest-priced shopping centre deal this year in South Australia. As the state’s biggest and only super-regional shopping centre, Westfield Marion has attracted 13.5 million visitors annually, boasting a 99.3 percent occupancy. It is situated 13 kilometres southwest of Adelaide’s Central Business District, encompassing 136,837 square metres of land area, with parking spaces for 5,549...
Foreign Property News | Posted by Hnin Ei Khin
Hong Kong-listed Xiaomi Corporation’s former board member, Koh Tuck Lye, has acquired an old good class bungalow (GCB) along Tanglin Hill for $31.5 million or $1,915 per square foot (psf), reported The Business Times. Located within the Ridley Park GCB area, the freehold bungalow is more than 30 years old and is nestled on a 16,446 sq ft site. Koh, a Singaporean who is also known as Xu Dalai, is expected to tear down the District 10 property to make way for a new house. “The land value fetched by the property is likely to be the highest in the Ridley Park GCB Area,” noted List Sotheby’s International Realty (List SIR). The seller in this transaction is...
Foreign Property News | Posted by Hnin Ei Khin
The actress previously lived with her younger sister, Elle, in a home they purchased together in 2017Dakota Fanning is venturing out on her own. After living with her younger sister, Elle, in a home in L.A.’s Valley Village neighborhood they bought together in early 2017, she has purchased a property in nearby Toluca Lake for $2.95 million. The Alienist star’s new place is a five-bedroom, six-bathroom Cape Cod–style residence that spans 4,428 square feet, Variety reports.Sitting on a modest 0.17 acres, the house is classic and elegant in appearance, featuring a double-height center hall with a chandelier and plenty of natural light throughout. The formal living room...
Foreign Property News | Posted by Si Thu Aung
According to Variety, the 65-year-old talk-show queen purchased a home in Santa Barbara, Calif. earlier this month. Fans will likely recognize the seller, too. Per the publication, the compound previously belonged to Jeff Bridges. It looks like Winfrey paid a pretty penny for the place, too. Multiple listings show the abode sold for $6.85 million. The "Spanish revival estate" was built in 1919 and features tons of charm. From the vaulted beam ceilings and fireplaces to the hardwood floors and French doors, this picturesque pad has it all. Still, the three-bedroom home has plenty of modern touches. For instance, the high-end kitchen has chef-quality appliances and quartz...
Foreign Property News | Posted by Si Thu Aung
The Rock has rolled to the Georgia countryside. An entity tied to actor Dwayne “The Rock” Johnson has snapped up a historic 46-acre estate outside of Atlanta. A Georgia-based company linked to Mr. Johnson’s business managers in Los Angeles purchased the equestrian home in the bucolic small town of Powder Springs for roughly $9.5 million, according to public property records. Mr. Johnson, 47, a former professional wrestler who has since built a career as an actor and producer, could not be reached for comment. At the center of the sprawling, multi-parcel property is a 14,000-square-foot megamansion with eight bedrooms—plenty of space for Mr. Johnson’s family...