Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street Journal.
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Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street Journal. Hong Kong (CNN) — A Hong Kong judge ordered a wealthy real estate mogul to pay his former wife $154 million in one of the city’s largest divorce settlements. The divorce award translates to HK $1.2 billion and dwarfs famous settlements in other countries. In comparison, Paul McCartney was ordered to pay Heather Mills almost $50 million three years ago. Court documents released Thursday detailed a breakdown of the ruling. It includes a home in the city worth HK $250 million, a London residence valued at HK $30.5 million and HK $2.5 million to buy two cars. Samathur Li Kin-kan and his wife, Florence Tsang Chiu-wing, married in 2000 and separated in 2008, according to court documents. They lived a lifestyle “best described as just below that of a US- dollar billionaire,” court documents said. The wife told local media she was “delighted” as she left the courtroom smiling. CNN’s Judy Kwon contributed to this report. CA Law Makers provides Reliefs for Short Sale Homeowners – SB931 No String Attached Don’t Get Scammed! Real Estate Mail Fraud Scam. Carbon Monoxide Detector – a new family member in California Real Estate Law Don’t Get Scammed! Real Estate Mail Fraud Scam. Is 2011 a good time to Buy or Sell? – 2011 Real Estate Market Trend (Part 3) Are there more Foreclosures in 2011? – 2011 Real Estate Market Trend (Part 2) Is the Real Estate Market going UP or DOWN in 2011? – 2011 Real Estate Market Trends (Part 1) |
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