Mansion Global
Gangnam, Seoul, Has More Than Style With Great Schools, Shopping and Coveted Real Estate
The South Korean neighborhood K-pop made world famous is a favorite roost among foreigners, titans of industry and celebrities By Mercedes Hutton |
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Gangnam is often called the Beverly Hills of South Korea.
Mongkol Chuewong / Getty Images
Gangnam is arguably South Korea’s best-known neighborhood. One of 25 districts that make up the capital Seoul, Gangnam literally means “south of the river,” but is associated at home and internationally with a certain level of luxury, largely thanks to Psy’s breakout 2012 K-pop hit “Gangnam Style,” which brought the world’s attention to what Time magazine described as the “lavish lifestyles in Seoul’s Gangnam district.”
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The U.S. dollar has depreciated between 10% and 15% the past year compared to other major currencies By Portia Crowe |
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What makes a property purchase a good deal?
For some prospective buyers, there is value simply in finding the right home, in the right location, at the right time. Most investors, however, weigh a variety of monetary and economic factors and how they might affect price. Those might include the local tax landscape, any recent corrections in the housing market, the fundamentals of the broader economy, and, of course, the currency.
Right now, the U.S. dollar is cheaper compared to major currencies from its most important foreign buyer markets. Over the last 12 months, it has fallen more than 16% compared to the Mexican peso, nearly 16% compared to the Australian dollar, roughly 12% versus the Canadian dollar, and 9% compared to the Euro, British pound and Chinese yuan, according to figures compiled by the Dow
Hilltop Mansion in Australia’s White-Hot Byron Bay Hits the Market
Buyers have mere days to offer an “expression of interest” on the dramatic property, which is expected to sell for A$10 million By Liz Lucking |
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This three-property compound is on the market in Australia s Byron Bay. Real Estate of Distinction, Byron Bay
This three-property compound is on the market in Australia s Byron Bay.
Real Estate of Distinction, Byron Bay
Friday is the deadline for wealthy buyers to make an offer on a multi-million dollar compound in Australia s celebrity-favored Byron Bay.
From its elevated mountain-top position, the secluded 6.8-acre property known as the Jewel has panoramic views of the ocean and the surrounding lush valley, according to the listing with Janis Pekins of Real Estate of Distinction, Byron Bay.
Embracing CBDCs
In an interview with Bloomberg’s Emily Chang, the CEO stated that the company would enable its clients to transact using Bahamas digital currency Sand Dollar.
The partnership offspring will enable Bahamas citizens to pay for services in Mastercard-accepted places.
Mastercard and Island Pay previously launched the first-ever global central bank digital currency linked card. Nevertheless, Mr. Miebach said the financial entity is still looking into which it can include private-backed stablecoins in its network.
When asked about Bitcoin, he said due to such cryptos’ volatile pricing; it will be difficult for Mastercard to adopt non-asset-backed digital coins. According to Bloomberg, when the corporation mentioned they would accept crypto payments in the future, it led to a price upsurge of several cryptocurrencies.