Foreign Property News | Posted by Shwe Zin Win
CRITICISING THE demolition of some houses by local authorities in Uttar Pradesh’s Prayagraj in 2021 as “inhuman and illegal”, the Supreme Court on Tuesday said the “high-handed” manner in which this was done “shocks our conscience”. It directed the Prayagraj Development Authority to pay Rs 10 lakh each to those affected within six weeks. The bench of Justices A S Oka and Ujjal Bhuyan was hearing an appeal against the Allahabad High Court’s decision, on March 8, 2021, to dismiss a clutch of petitions against the demolitions carried out the previous day. The petitioners included a professor, a lawyer and three others. Saying that the...
Foreign Property News | Posted by Hnin Ei Khin
A former Trump administration official with a foothold in Washington, DC’s influential circles has been identified as the new owner of Vice President JD Vance’s previous home. (Christopher Garcia) Christopher Garcia, who briefly held posts in the Commerce Department during Donald Trump’s first term, secured the Alexandria, Virginia residence through a limited liability company, Forbes first reported. The transaction closed rapidly and exceeded the asking price by $172,000, according to property records reviewed by The Post. The final price paid: $1.87 million. (Garcia purchased the home for $172,000 over ask.;MediaPunch / BACKGRID) The 2,530-square-foot,...
Foreign Property News | Posted by Si Thu Aung
1. Sterick Building (Memphis, Tennessee) Standing at 365 feet tall, the Sterick building was once the tallest in the South. Completed in 1930, the tower was designed in a gothic revival style by Wyatt C. Hedrick. In the 1970s, the owners were cash-strapped and a series of maintenance problems—from faulty elevator cables to failed water pumps—prompted commercial tenants to move out. The building was bought and sold a number of times, but no one appeared willing to invest the time or money required to revive the structure. 2 Burj el Murr (Beirut, Lebanon) (Photo: Eric Lafforgue/Art in All of Us/Corbis/Getty Images) Locally, Burj el Murr is referred...
Foreign Property News | Posted by Zarni Kyaw
Before Jennifer Aniston graced the 76th Primetime Emmy Awards red carpet, she treated her 44.8 million Instagram followers to something far more exclusive: a rare, behind-the-scenes tour of her sprawling $21 million Los Angeles mansion. The “Friends” star, known for keeping her private life under wraps, pulled back the curtain on her stunning midcentury-modern home, located in posh Bel Air, while getting ready for TV’s biggest night. In the video, shared the day after the Emmys, Aniston offered a candid glimpse into her luxurious lifestyle, giving viewers a front-row seat to her jaw-dropping property. The estate, originally designed by famed architect A. Quincy Jones in...
Foreign Property News | Posted by Si Thu Aung
India's tallest rubbish mountain is on course to rise higher than the Taj Mahal in the next year, becoming a fetid symbol for what the UN considers the world's most polluted capital. Hawks and other birds of prey hover around the towering 213ft Ghazipur landfill on the eastern fringe of New Delhi, stray cows, dogs and rats wander at will over the huge expanse of smoking filth. Taking up the area of more than 40 football pitches, Ghazipur rises by nearly 33ft a year with no end in sight to its foul-smelling growth.At its current rate of growth, it will be taller than the iconic Taj in Agra, some 239ft high. (India's tallest rubbish mountain, the 213ft Ghazipur landfill in New Delhi...
Foreign Property News | Posted by Zarni Kyaw
With Ireland’s housing crisis showing few signs of abating, businesses are increasingly having to step in with staffing accommodation, including by buying or renting real estate. It’s impacting firms of all stripes, although the services industry appears particularly afflicted. Ireland has among the highest housing costs in the EU and services roles are typically not as well paid as those in the country’s out-sized multinational sector. Ryanair Holdings Plc confirmed it had bought 25 houses for staff earlier this year following a Business Post report, while luxury hotel group Killarney Hotels Collection also advertises subsidized housing for prospective...
Foreign Property News | Posted by Aye Myat Thu
The champagne is on ice for Kanye West ... because he's finally found someone willing to plunk down a fortune for the Malibu estate he completely gutted. Kanye's place on the beach in the 'Bu went into escrow last Thursday ... according to online records. (BEFORE BEING GUTTED Roger Davies/The Oppenheim Group) It got to the point in April that he chopped $14 million off the original $53 million price tag from January ... dropping the asking price down to $39 million. We don't know how much the buyer agreed to pay. Remember ... Kanye totally gutted the place as part of a makeover he never completed ... so this is definitely a fixer-upper. Heck, the place doesn't even...
Foreign Property News | Posted by Shwe Zin Win
Former President Donald Trump said he would ban undocumented immigrants from obtaining home mortgages, a move he indicated would help ease home prices even though these buyers account for a tiny fraction of U.S. home sales. Home loans to undocumented people living in the U.S. are legal but they aren’t especially common. Between 5,000 and 6,000 mortgages of this kind were issued last year, according to estimates from researchers at the Urban Institute in Washington. Overall, lenders issued more than 3.4 million mortgages to all home purchasers in 2023, federal government data show. Trump, the Republican presidential nominee, made his comments on Thursday during a policy speech to...
Foreign Property News | Posted by Shwe Zin Win
HPL buys Concorde Hotel & Shopping Mall for $821 mil in largest en bloc deal of 2024 Luxury Peak Pte Ltd, a wholly owned subsidiary of Hotel Properties Ltd (HPL), has acquired Concorde Hotel en bloc for $821 million – paying $1 million above the guide price of $820 million when the site was launched for tender on Sept 3. The sale price of $821 million works out to $1,804 psf per plot ratio (ppr), including the applicable land betterment charge payable of $213 million based on a redevelopment scheme comprising 40% hotel, 40% residential and 20% commercial use. HPL already owns 95.4% of the strata area of the property: the 407-room Concorde Hotel on the fourth to ninth floors of...
Foreign Property News | Posted by Aye Myat Thu
Amazon မှ အသစ်ရောင်းချသော ခေါက်အိမ်သည် ဒေါ်လာ ၉၀၀၀ ကျော်ခန့်သာကုန်ကျပြီး နေရာတစ်ခုမှ နောက်တစ်နေရာသို့ အလွယ်တကူပြောင်းရွေ့အခြေချနိုင်သည့် ခေါက်နိုင်သော Container Home အမျိုးအစားဖြစ်သည်။ သတ္တုသားကို အခြေခံတည်ဆောက်ထားပြီး ရာသီဥတုဆိုးရွားသည့်ကာလမှာပင်...