Property

Slowing housing development drags on China's growth

SHANGHAI -- China's gross domestic product likely grew at a slower pace in the July-September quarter, as homebuilders slammed the brakes on their activity amid plummeting home sales. The quarterly GDP figure is due to be released by the National...

  • Tokyo again ranks 4th in Global Power City Index

    TOKYO -- Tokyo was ranked 4th among the world's 40 major cities for the seventh straight year, according to the Global Power City Index 2014 released Oct. 9 by the Mori Memorial Foundation's Institute for Urban Strategies. In the area of cultural...

  • Tokyo redevelopment projects ramp up ahead of Olympics

    TOKYO -- On a weekend in September, more than a dozen foreign investors, including several fund managers, took part in a bus tour of central Tokyo, provided by Merrill Lynch Japan Securities. The tour participants, from the U.S., Europe and Asia, wer...

  • Tokyo property prices up on 2020 Olympics, condo demand

    TOKYO -- Properties here are on the uptrend, thanks in part to growing demand for condominiums, strong appetite among Asian investors and foreigners working in Japan. However, overvalued prices and sluggish purchases by real estate investment trusts ...

  • Hong Kong's real estate market could be heading for a reckoning

    HONG KONG -- The Hong Kong real estate market could be nearing a turning point, coming down from record-setting price rises as it braces for the expected tightening of U.S. monetary policy. Also, there is the impact of the massive pro-democracy prote...

  • Tokyo office rents rising on strong demand

    TOKYO -- Office rents in central Tokyo are picking up as vacancy rates fall, a trend reflecting the growing number of businesses moving to expand office space on the strength of earnings growth. The vacancy rate in the five wards of central Tokyo...

  • Economists see China's economy slowing further

    HONG KONG -- Economists are predicting a continuing economic slowdown in China but no serious new stimulus measures, according to a recent survey by The Nikkei and Nikkei Quick News. Issued Oct. 7, the 14th quarterly survey by the Nikkei group re...

  • Growth becoming new yardstick for REIT pickers

    TOKYO -- Investors are increasingly sizing up Japanese real estate investment trusts' growth potential as good dividend yields prove hard to find. REIT buyers generally look for a spread of at least 3 percentage points over long-term interest rat...

  • Japan property brokers target Hong Kong wealthy

    TOKYO -- Japanese property brokerages Tokyu Livable and Nomura Real Estate Urban Net will move into Hong Kong this month. They see yen's continued weakening under Prime Minister Shinzo Abe since December 2012 as a grand opportunity to attract oversea...

  • China's property market too worrying for state-owned enterprises

    SHANGHAI -- Chinese state-owned enterprises, which started dabbling in real estate when the property market was hot, are pulling out. Many of them are unloading their real estate businesses altogether, discouraged by the accelerating downtrend in...

  • Singaporean developer buys historic Tokyo property from Seiko

    SINGAPORE -- Property developer City Developments has acquired land and buildings in the Shirokane area of Tokyo's Minato Ward from Seiko Holdings for 30.5 billion yen ($277 million). City Developments, which expects Tokyo real estate prices to c...

  • Thailand's first REIT ready for liftoff

    BANGKOK -- Thailand's first real estate investment trust goes public Wednesday as Asian markets increasingly adopt this vehicle for property investment. The initial offering of the Impact Growth REIT, which makes its debut on the Stock Exchange o...

  • Japan's REIT index hits 18-month high

    TOKYO -- Real estate investment trusts are rallying in Japan now that several funds have finished issuing new shares, allaying fears of oversupply. The benchmark Tokyo Stock Exchange REIT Index climbed 1.34% from the end of last week to 1,667.61 ...

  • China's new property stimulus may be too little, too late

    HONG KONG -- Beijing has given China's gloomy property market a fresh jolt, but another -- and bigger -- one may be needed to remedy the widespread fall in prices. The People's Bank of China, the country's central bank, recently asked four major ...

  • The split personality of Japan's property market

    TOKYO -- Japanese and foreign investors are flooding into Japan's real estate market, raising expectations of a minibubble. Home buyers, meanwhile, are disappearing, and that could end up spelling trouble. This summer, a property market analyst a...

  • Land values on the rise in Japan's big 3 cities

    TOKYO -- Land values in the three major cities of Japan are marking notable increases, bolstered by the mild economic recovery. The average market value of residential land in Tokyo, Osaka and Nagoya was up on the year for the first time in six y...

  • Home prices fell across China in August

    BEIJING -- Home prices dropped across major Chinese cities in August, fueling concerns that a cool housing market will slow corporate activities. Prices of new homes were down on the month in 68 of the 70 cities covered in a survey by the Nationa...

  • Japan's 3 largest metros see 1st residential land price rises in 6 yrs

    TOKYO (Kyodo) -- Residential land prices in Japan's three largest metropolitan regions rose for the first time in six years in the year to July 1, while average commercial land prices also increased in the Tokyo, Osaka and Nagoya areas, the governmen...

  • China's property sales blitz has rough start on market woes, hopes for price cuts

    HONG KONG -- Chinese real estate firms are getting ready for their busiest season for condo and other properties sales, with the country's Mid-Autumn Festival and National Day holidays coming in the two months through October. China's autumn shopping...

  • Office space demand on the rise across Japan

    TOKYO -- Vacancy rates for office buildings in seven major Japanese cities were down on the month at the end of August, a survey by real estate brokerage Miki Shoji shows, indicating a broad-based increase in demand extending beyond the capital. ...