What are the benefits of buying a bank seized house? If you buy a bank seized foreclosed house now, and you’ll reap the benefits when the real estate market rebounds. These homes are still priced low, even as the real estate market tiptoes toward recovery. Because the lenders are the se...
The fifth-floor luxury unit at Opus Hong Kong on Stubbs Road is being sold by receivers via a tender that closes at noon on 8 August, according to Savills, the sole agent for the tender sale. The property is offered on an “as is” basis with non-vacant possession. The seizure of th...
The price of the seized assets has fallen by slightly over 10 percent in recent months, bankers and auctioneers say, keeping sales in line with the Land Act 2012-- which bars the forced sale of seized property at below 75 percent of the prevailing market value. Banks that had gone slow...
Lenders are now shifting to private treaties to cut the glut of repossessed properties, stepping back from the industry norm where auctioneers forcefully seize assets for public sale. Bank chief executives reckon that few takers have offers that match the reserved bid prices, prompting...
Trump's request for a special master came two weeks after the FBI executed the search warrant at his Mar-a-Lago estate on Aug. 8, when agents took 33 items from a storage room on the property and the former president's office. More than 100 documents with classification markings were fou...
Over the last five years, Phase 3 of Residence Bel-Air recorded just two transactions, with unit prices that ran from HK$54,414 to HK$58,058 per square foot, according to a press release from property firm CBRE, which has been appointed by receivers as the sole agent for the sa...
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The ongoing unwinding of Malaysia’s 1MDB saga leads today’s real estate headlines from around the region, with the buyer of a Los Angeles hotel once owned by fugitive financier Jho Low revealed in a Wall Street Journal story. Hong Kong’s New World also makes the news with a sell-out...