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Luxury Residential Prices Soar in Indonesia: Knight Frank Wealth Report

In the latest Wealth Report of real estate research firm, Knight Frank, two Indonesian cities were ranked the top regions where prices for luxury prices rose the most. Bali and Jakarta topped the list of the 20 where prices of luxury cities residential real estate grew in 2012.

Fannie Mae and Freddie Mac to Jointly Form New Securitization Company

The Federal Housing Finance Agency (FHFA), regulator of the government-backed mortgage firms, Fannie Mae and Freddie Mac announced on Monday, March 4 that operations of the two companies will be combined to form a separate entity that will look after securitized home loans.

Lisa Hochstein Wins Renovation Approval for Historic Home on Star island

The long and heated debate on “Real Housewives of Miami” star, Lisa Hochstein and plastic surgeon hubby, Leonard Hochstein razing down to renovate the historic Star Island home in Miami has finally come to an end. The couple has finally got approval of the city board to build a new mansion and replace the starchitect “Walter DeGarmo” designed building.
EDITOR'S PICKS
  • Michael Douglas and Catherine Zeta Jones Renting Out Bermuda Property
    The Oscar winning celebrity couple, William Douglas and Catherine Zeta Jones, is offering their Bermuda island home for rent, asking for a cool monthly charge of $28,000. Douglas and Jones had purchased the home back in 2001 for around $2.5 million. The couple made the home their primary residence from 2002 – 09. Located in the Warwick Parish of Bermuda, the home is popularly known as the Longford house.
    By Rapti Gupta
  • Japanese Real Estate Tycoon Arrested in Tokyo for Tax Evasion (VIDEO)
    A Japanese real estate tycoon, Genshiro Kawamoto has been arrested for evading corporate tax payments worth more than $8.5 million on commercial buildings that he owns in Japan. The 81-year-old businessman was also accused of hiding revenue worth $31 million (2.9 billion yen) in his rental earnings for three years ending December 2011.
    By Rapti Gupta
  • Panasonic Selling Tokyo Office for $536 Million
    Japanese electronics magnate, Panasonic Corporation is selling its office building in central Tokyo for around $536 million to the same two companies that recently purchased Sony Corporation’s “Sony City Osaki” building for $1.2 billion. Details of the deal have already been sketched out and the sale is expected to be complete by Tuesday, March 12.
    By Rapti Gupta
  • HSBC Selling Consumer Portfolios Worth $3.2 Billion
    HSBC Financial Corporation is selling two of its major U.S. consumer portfolios comprising of mortgage and personal loans worth $3.2 billion, all in cash, in an effort to scale down its operations in the country.Its finance unit, HSBC Finance Corporation will be selling off more than 400,000 personal homeowner and unsecured loan portfolios to Springleaf Finance Corporation and Newcastle Investment Corp.
    By Rapti Gupta
  • Taylor Swift Opens up about her Real Estate 'Issues'
    Constant hit-maker/songwriter/singer/actress, Taylor Swift recently got candid about her life and real estate issues in an interview with entertainment magazine, Vanity Fair. Swift is famous for her impulsive buying. The singer purchased or was rumored-to-have-purchased a home near every single guy she dated. Here is what she said.
    By Rapti Gupta
  • Tahoe City Transit Center Crowned Winner of 2012 Western Red Cedar Architectural Design Award
    The recently opened Tahoe City Transit Center (TART)was crowned the winner of the 2012 Western Red Cedar Architectural Award for its stunning and intelligent use of Tahoe’s famous raw materials, western red cedar wood and Sierra ledge stone.
    By Rapti Gupta
  • Mick Jagger Reluctant to Transfer Downe House Ownership to Ex-wife Jerry Hall (VIDEO)
    Fourteen years after the famous couple, Sir Mick Jagger and model Jerry hall split, property issues have become a reason of squabble for the divorced pair. Hall has been trying to push Jagger into transferring complete ownership of the legendary Downe House in her name.
    By Rapti Gupta
  • Umm Qarn Stud Farm: Six-star Luxury Hotel for Celebrity Horses
    If you thought luxury hotels were only a privilege that rich and wealthy humans could afford, you might like a change of perspective. In the Arabian land of Qatar, emerging from the sandy dunes of the desert near Doha is a six-star luxury hotel – Umm Qarn Stud Farm, exclusively built for horses.
    By Rapti Gupta
  • UK Home Prices Rise in February on Increased Demand in London
    According to a report compiled by leading online property analytics firm, Hometrack, it was revealed that home prices in the U.K. rose for the first time in nine months in February due to increasing number of buyers in London and South England.
    By Rapti Gupta
  • Green Building Trends Gaining Popularity among Business Firms, Report
    In a recent report published by McGraw Hill Construction, the real estate research unit of McGraw Hill companies it was revealed that a larger number of companies are moving their operations into “Green Buildings”.
    By Rapti Gupta
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