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China Huarong gets state-led bailout after $21.7b loss
Source: Straits Times --- Government-backed investors will recapitalise China Huarong Asset Management after the bad-debt manager posted a record US$15.9 billion (S$21.7 billion) loss, ending months of speculation over whether Beijing would deem the troubled...
Singapore has bought almost $20 billion worth of Australian real estate in the last two years, eclipsing China
Source: Business Insider --- Known colloquially as the Little Red Dot, Singapore is well and truly punching above its weight when it comes to Australian real estate. In the two years to July 2020, Singaporean investors bought up $19.3 billion worth of Australian...
The Weeknd Pays $70 Million for Extravagant Bel Air Mansion
Source: Hollywood Reporter --- Though it was never officially on the market, a lavish Los Angeles estate has sold for a whopping $70 million — one of the priciest California home sales of 2021 — to Abel Tesfaye, the Canadian music superstar better known as The...
Pre-Civil War Union Bridge farmstead closes at $2.2 million
Source: Frederick News-Post --- Listed at $1.249 million, the historic pre-Civil War farmstead at 11606 Handboard Road, Union Bridge, closed at $2.2 million. Shaded by mature trees, the five-bedroom, four bath brick main house dates back to 1821 with a “new” wing...
Tiny homes can mean big costs, especially depending on where you live
Source:CNBC --- Demand for tiny homes, either stand-alone or backyard dwellings, rose significantly during the coronavirus pandemic, as some homeowners looked for additional space and others looked for more affordable space. Along with the rest of the housing market,...
Once listed at $195 million, the famed Hearst estate is hitting the auction block
Source: LA Times --- In 2016, Southern California real estate soared to new heights with the $100-million sale of the Playboy Mansion. The market-defining deal was the largest in L.A. County history at the time, and soon after, owners of iconic California estates...
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