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Billionaire’s association with luxury B.C. mansion highlights property tax loophole
A billionaire’s association with a luxury Vancouver Island mansion highlights land title anomalies that indicate house transfer and international buyers taxes you should not utilize to purchases of some pricey B.C. homes. CBC disclosed last month that Russian-born billionaire Yuri Milner was the gentleman at the rear of the rely on that purchased the $18 million Mille Fleurs mansion in 2013 — 7 several years right before the oceanfront home would property Prince Harry and Meghan Markle as they reportedly drew up designs to move back again from their royal obligations. But over and above the intrigue connected with possession of the mansion, the investigation also underscores an unconventional home registration circumstance that predates strata…
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France Freezes 31 Luxury Properties Owned By Eight Sanctioned Russian Billionaires
Roman Abramovich’s Château de la Croë in Antibes, France. Gamma-Rapho via Getty Images The frozen properties, worth nearly $1 billion, include Roman Abramovich’s château on the French Riviera and his estate in St. Barts. On Wednesday, French authorities published a list of 41 properties owned by sanctioned Russian individuals that had been frozen since Russia’s invasion of Ukraine, worth nearly $620 million. Forbes found that 31 of those properties are owned by eight sanctioned Russian billionaires, including Roman Abramovich’s $250 million Château de la Croë in Antibes on the French Riviera and his $90 million estate on the luxe Caribbean island of St. Barts. Forbes estimates the 31 billionaire-owned properties…
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The Quaint Home Of America’s Billionaires
Many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like … [+] Dover, Sherborn and Carlisle. getty Massachusetts is a state of wealth—a wealth of history, education, and wealth itself. According to the U.S. Census Bureau, Massachusetts is the second wealthiest state in the U.S., with a median household income of $85,843 compared to the national median of $65,712. While much of the state’s most expensive properties are set in Boston, many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like Dover, Sherborn and Carlisle. One such town, Weston, is the wealthiest. The Massachusetts suburb of Weston continues…
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Billionaires Double Down On Singapore Prime Property Buys As Demand For Luxury Homes Surge
Kwek Leng Beng, chairman of City Developments, speaks during a news conference in Singapore. Nicky Loh/Bloomberg Billionaires Kwek Leng Beng and Gordon Tang are buying S$965 million ($704 million) worth of prime properties in Singapore, doubling down on their investments in redevelopment sites in and around the city’s financial district amid soaring demand for luxury homes. City Developments—controlled by Kwek and his family—said late Thursday it agreed to buy Central Square from Far East Hospitality Trust, a unit of Robert and Philip Ng’s Far East Organization, for S$315 million. The Singapore-listed developer said it plans to combine Central Square with its adjacent Central Mall and redevelop the two sites (with…
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