Hong Kong police arrested a 67-year-old woman for allegedly swindling two property owners out of HK$4.3 million using a virtual currency investment scam disguised as a rental agreement.
Australia's Morning Mail covers significant news including falling house prices, concerns over First Nations deaths in custody, and the start of Alan Jones' trial. International news features the Middle East crisis and wildfire tragedies.
The Delhi government is preparing to distribute digitally verified smart property cards under the Centre's Svamitva scheme to thousands of owners in Lal Dora and Abadi villages, aiming to reduce disputes and strengthen land records after completing surveys.
Extinction Rebellion activists vandalized a Microsoft data center construction site in Amsterdam with corrosive balloons, protesting AI's environmental impact and resource consumption. This action highlights increasing public backlash against data centers, which also face lawsuits and land disputes in the United States.
Foreign citizens can jointly own property in India if they hold an OCI card and the property is a gift from a close relative. Non-OCI cardholders may need RBI approval or can inherit via a will. For purchases, OCI cardholders should buy in their name for easier repatriation of funds.
Several Indian states offer financial incentives like lower stamp duty and concessional home loans to women homebuyers, aiming to boost female real estate ownership, financial inclusion, and gender equity.
Experts clarify that only the actual financial contributor to a jointly owned property can claim long-term capital gains tax benefits. For a flat allotted before July 23, 2024, taxpayers can choose between 20% with indexation or 12.5% without indexation, and Section 54 allows for tax exemption if reinvested in another property.
Thai authorities are investigating 11,426 companies on Koh Phangan and Koh Samui for foreign ownership, with over 7,000 suspected of using illegal nominee structures, primarily in real estate and tourism. This crackdown follows prosecutions of over 850 companies for financial damages exceeding 15 billion baht.
Fears of negative equity for first-time buyers in Sydney and Melbourne are easing as falling house prices are concentrated in the top end of the market. Data shows the cheapest properties have seen modest gains or slight declines, unlike the upper quartiles. Experts suggest low unemployment and low arrears rates mitigate mortgage payment risks, though negative equity can limit options for selling or refinancing.
New data suggests falling house prices in Sydney and Melbourne are concentrated in the upper market segments, potentially assuaging fears for first-time buyers with small deposits who typically purchase in the lower end.
A new law published in Turkey's Official Gazette limits the unilateral budget-setting power of site managers. Property owners now have the final say on aidat (fee) amounts, with temporary budgets valid for only three months and capped at the revaluation rate.
