Mansion Global Daily: Auction of Indonesian Islands Postponed Amid Public Outcry
Auction of Indonesian Islands Postponed Amid Public Outcry
The auction of the exclusive licensed rights to the Widi Reserve, more than 100 environmentally protected islands that cover 25,000 acres in Indonesia, has been postponed until late January amid public outcry. The auction had been scheduled for Dec. 8 by Sotheby’s, which marketed the islands as an unworldly paradise with potential for luxury eco-resorts. Environmental groups protested the sale, saying that the privatization and development of the islands could cause ecological damage and interfere with life in coastal communities. Indonesia’s Ministry of Maritime Affairs and Fisheries said earlier last week that PT Leadership Islands Indonesia, the company managing the islands, had not obtained the proper licenses to proceed with the auction. The Guam Daily
Australian Rugby Star James Slipper’s Brisbane House Available for Rent
Australian rugby star James Slipper, formerly captain of the Queensland Reds and now playing for ACT Brumbies, is renting out his house Brisane, Queensland. The four-bedroom home will be available for A$1,055 (US$710) a week after Jan. 13, according to the listing. The rent will include maintenance of the lawns, garden and a pool in the backyard. Mr. Slipper, 33, bought the property, which is walking distance from the Queensland Reds stadium, for A$905,000 a decade ago. realestate.com.au
China’s Richest Woman Sells 7% of Her Real Estate Management Company
Yang Huiyan, the richest woman in China’s mainland and chairwoman of the Hong Kong-listed Country Garden Services Holdings, sold 7% of her stake in the real estate management company for US$649 million in cash. The sale price represents an 11% discount from the stock’s closing price of HK$23.95 on Friday. Ms. Yang will remain as controlling shareholder despite her stake being reduced to 36.1% after the sale. South China Morning Post
Hamptons House Designed by Starchitect Richard Meier Hits the Market for $5 Million
A 4,000-square-foot house designed by architect Richard Meier in Sagaponack, a village in the Town of Southampton, New York, has come to the market for $4.995 million. Located on 1.3 acres, the house has four bedrooms, three-and-a-half bathrooms and features a glass-walled interior built around a courtyard. Built in 2008, the residence has recently undergone a full renovation, including a new kitchen and 50-foot heated saltwater pool, according to the listing with Jack Richardson of Serhant. 6sqft
