All articles tagged with #property
Japan plans to require new property owners to disclose their nationality in the real estate registry from fiscal 2026 to monitor foreign ownership, as part of security measures, though disclosure is not mandatory for purchasing property.
DBS CEO Tan Su Shan highlights China's tech-driven growth opportunities, especially in AI and deep tech, despite challenges in the property sector and subdued consumer sentiment, emphasizing diversification and strategic partnerships in China.
A man in France discovered $800,000 worth of gold, including bars and coins, while digging a swimming pool on his property. The gold, legally acquired and traced to a refinery 15-20 years ago, was found to belong to the property owner under French law, with the previous owner deceased and the origin of the gold a mystery.
Angelina Jolie is demanding approximately £27,000 from Brad Pitt to cover legal costs related to his request for access to her private messages, amid ongoing disputes over property and emotional tolls from their divorce, highlighting the deeply personal and contentious nature of their breakup.
Christina Haack's ex-husband Josh Hall received a significant divorce settlement including properties, cars, and $300,000, while Haack retained her mansion and other assets; both waived spousal support, and Hall publicly celebrated his newfound freedom.
A 384-square-foot home in Cupertino, California, is on sale for $1.7 million, with the high price attributed to its location and potential for development on a 7,841 square foot lot. The property, sandwiched between homes worth around $5 million, has garnered significant interest due to its lot size and the neighborhood's reputation for excellent schools. Despite its small size, the property has attracted multiple offers, with one exceeding $300,000 over the asking price, reflecting the unique real estate market in the San Francisco Bay Area.
Squatters have taken over a pub in London leased by Gordon Ramsay, boarding up the windows and putting up a legal warning defending their takeover. Despite Ramsay calling the police, the squatters remain inside, citing a legal loophole that allows them to occupy non-residential properties without permission. The property, up for sale with a guide price of £13m, has a complicated lease history, and the situation highlights the legal complexities surrounding squatting in England.
Amazon founder Jeff Bezos has purchased a third property on the exclusive Indian Creek Island in South Florida for $90 million, bringing his total investment on the island to nearly a quarter billion dollars. The six-bedroom mansion will serve as his residence while work is being done on the two other properties he previously acquired. The estate features a swimming pool, a boat dock on Biscayne Bay, and 10,000 square feet of living space. Bezos's move to Miami was announced last November, and he now joins other notable figures such as Tom Brady and Jared Kushner on the 300-acre island, which boasts a private 18-hole golf course and a country club.
A woman who purchased a vacant lot in Hawaiian Paradise Park, Hawaii, for about $22,500 was surprised to find a $500,000 house built on it by mistake. She is now embroiled in a legal dispute with the developer, construction company, and others involved. The developer offered her a neighboring lot as compensation, but she rejected it, claiming it would set a dangerous precedent. The situation has led to a lawsuit and counterclaim, with the woman stating she was unaware of the unauthorized construction.
Kathy Cargill, wife of a billionaire in America’s fourth-richest family, faced backlash from a Minnesota community after purchasing 20 homes in their neighborhood, valued at $2 million, and expressing plans to improve the area. She called her neighbors "ingrates" and canceled her plans after the community expressed concerns. Despite mixed feelings from locals, Cargill remains determined to stay and make the area more private.
No bidders appeared at an auction in Myanmar for the sale of Aung San Suu Kyi's family home, with a starting price of around $90 million, following a years-long legal dispute between Suu Kyi and her estranged brother. The property, located on Yangon's Inye Lake, was put up for auction at the request of the Supreme Court. Suu Kyi, currently serving a 27-year detention, had lived in the colonial-style villa for over three decades, and her brother had sued for a share of the property.
Chris Brown faces the risk of losing his property and earnings to cover a $2 million debt stemming from a failed investment in two Popeyes restaurants. A Los Angeles court has ordered the R&B star to settle the $1,760,654.11 bill within 30 days, or face potential enforcement procedures. This adds to Brown's legal troubles, including a $71 million dog attack case, as his legal team seeks to delay the trial date.
Millennials are set to inherit $90 trillion over the next two decades, potentially making them the richest generation in history, but this wealth transfer is likely to deepen wealth inequality as it primarily benefits those from affluent families. The shift in wealth will bring significant changes in how it is utilized, with younger generations showing less interest in traditional wealth-building methods like property ownership. The number of ultra-wealthy individuals globally has increased, with North America leading the growth, and the interest in property investment remains strong among this group.
Millennials are projected to become the wealthiest generation in history, with a significant transfer of assets from previous generations contributing to their financial windfall. Despite facing economic challenges such as rising rents and financial headwinds, they are expected to inherit substantial property assets. The shift in wealth is also expected to drive sustainable investments and behavior. However, British millennials are still grappling with the aftermath of the 2008 financial crisis, hindering their ability to catch up with older generations' living standards.
Ultra-rich investors, including Larry Ellison and Oprah Winfrey, have acquired a significant portion of Hawaii, with just 37 billionaires owning at least 218,000 acres, equivalent to 11% of the state's private land. While some billionaires have deep ties to the community and contribute to local causes, tensions have risen between Hawaiians and wealthy out-of-state landowners, leading to a proposed bill to ban non-Americans from purchasing land in Hawaii. The extensive land ownership has sparked concerns about the state becoming a playground for the rich, with some billionaires focusing on luxury developments while others aim to preserve and conserve the land.