Today we are selling the same property for about $15,000 per perch.” He adds: “That’s still five times cheaper than a comparable beach site in Bali.” Beach at Weligama on Sri Lanka’s …
Sri Lanka’s real estate bubble likely to explode in five years
A bubble is emerging in Sri Lanka’s over-crowded real estate industry and likely to explode in another five years, a top government official says. Urban Development Authority (UDA) Chairman, Jagath …
Nepal puts 17,000 security personnel on standby for monsoon response
The government is set to mobilize more than 17,000 security personnel for responding to monsoon-related disasters, in addition to the Nepali Army, which is also on standby, officials at the Ministry …
Govt tightens noose on property transactions to control money laundering
KATHMANDU, June 4: The government in an attempt to check the use of illegally-earned money in real estate business has enforced stern measures in trading of land and property.
Malaysia’s EPF Weighs £1.4 Billion Sale of UK Private Hospitals
Malaysia’s Employees Provident Fund is preparing to sell a portfolio of UK private hospitals that are valued at about £1.4 billion ($1.9 billion).
Buying Property in Malaysia as a Foreigner
Who can buy property in Malaysia? Foreigners can acquire both residential and commercial properties in Malaysia; however, certain restrictions apply. Typically, you cannot purchase properties valued …
Real estate market can ride off back of resolution’s vision
Clearly, Resolution 68 is improving land and infrastructure access for businesses in the industrial real estate market, thereby increasing land use efficiency. In addition to improving land access, …
Permata bank offers new foreign mortgage program for Jakarta property buyers
Permata Bank has launched a new mortgage financing solution designed specifically for expatriates seeking to own residential property in Indonesia. The Permata KPR iB IMBT WNA program provides …
Beverly Hills tells Brunei to get out of town, sell stake in famous hotel
The Beverly Hills City Council has condemned the government of Brunei for its “extreme and … the landmark Beverly Hills Hotel and any other property the Asian country and its ruler may own …
Еx-Дeputy PM charged with laundering nearly $12.5 million
PanARMENIAN.Net – Former Armenian Deputy Prime Minister Armen Gevorgyan has been formally charged with money laundering involving approximately 4.92 billion drams (about $12.5 million). The …