Property

Bangkok Land Chairman Anant Kanjanapas, second from left, with bankers and other partners at the launch of Thailand's first real estate investment trust.

Bangkok Land is Thailand's first REIT

BANGKOK -- Property developer Bangkok Land is set to list Thailand's first real estate investment trust on Oct. 1 after an initial public offering next week. Although the schedule for the listing was set back nearly a year by political unrest, th...

  • 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. ...

  • Yangon real estate prices soaring

    YANGON -- When Yangon's regional government made a surprise announcement in August that it had negotiated a massive urban expansion deal, land prices in Myanmar's business capital -- already high -- rose sharply. The $8 billion deal, which follow...

  • Time to reassess Malaysia's property-fueled economic growth

    SINGAPORE -- A large government-led property development in Malaysia is facing trouble, as speculation-driven demand for its residential units appears to be waning. Some are now ringing alarm bells for the ambitious Iskandar regional development ...

  • China's Fosun planning major property acquisitions in Japan

    TOKYO -- Chinese investment company Fosun Group is planning aggressive real estate investment in Japan, targeting a property costing more than 10 billion yen ($94.1 million) each, according to the head of the company's property unit. Back in May,...

  • Surge in bad loans squeezing profit at China's biggest banks

    HONG KONG -- For China's banks, bad debt is a small but quickly growing problem. The outstanding balance of bad loans at the nation's four largest banks stood at 384.7 billion yuan ($62.6 billion) as of the end of June, up 13.2% from six months befor...

  • Big deals pumping new life into Japanese real estate

    TOKYO -- The real estate market in central Tokyo has sprung back to life, breaking out of the deep freeze it has been under since the 2008 global financial crisis. On Friday, Mori Trust bought the Meguro Gajoen building complex, while Singaporean...

  • Japan's Mori Trust on cusp of buying Tokyo building complex

    TOKYO -- Mori Trust will acquire a landmark Tokyo building complex from U.S.-based Lone Star Funds for about 130 billion yen ($1.24 billion) as early as Friday at a time when more large properties are starting to change hands with the market looking...

  • Singapore's GIC close to buying office tower near Tokyo station

    TOKYO -- A Singaporean sovereign wealth fund is in the final stages of negotiations to acquire part of a mixed-use building in front of Tokyo Station for an estimated 170 billion yen ($1.61 billion). GIC would purchase the office space of the 32-...

  • Higher building material costs cast shadow over Japan's real economy

    TOKYO -- Rising material prices and labor costs are pushing up prices for condominiums and other buildings, leading to a decline in sales and poor outcomes for bidding on construction projects. According to a survey by Nomura Securities, the cost...

  • Home prices falling in most of China's big cities despite deregulation

    HONG KONG -- China's real estate market has been in a correction phase for some time. While local governments are trying to boost struggling housing markets by relaxing restrictions on property buying, many market players believe that these efforts w...

  • Kenedix aims for listing of retail REIT by March 2015

    TOKYO -- Kenedix decided on a policy to establish a REIT with retail facilities as the main investment target and organized the planning office on August 7, 2014. Kenedix aims to list the REIT by March 2015, and in the meantime will keep track of mar...

  • China's housing market woes spread to 90% of key cities

    BEIJING -- Falling home prices across much of China in July provide fresh evidence of the sorry state of the country's real estate market. The sales prices of new residential buildings dropped from the previous month in 64 of 70 large and midsize...

  • Japan's Mori Trust moving toward deal for landmark Tokyo property

    TOKYO -- Japan's Mori Trust is making progress in negotiations to purchase a building complex in Tokyo from U.S.-based Lone Star Funds for an estimated 100 billion yen ($970 million), it was reported Thursday. Lone Star acquired the property, Meg...

  • Office vacancies in central Tokyo drop to over 5-year low

    TOKYO -- The office vacancy rate in the five core wards of Tokyo fell for the 13th straight month in July, sinking to its lowest level in five years and four months, according to data released Thursday by real estate broker Miki Shoji. In the Chi...

  • Hong Kong business optimism, real estate on the up, survey shows

    HONG KONG -- A recent survey of small and midsize companies in Hong Kong points to improving business sentiment and a bottoming out of the local real estate market. The Standard Chartered Hong Kong SME Leading Business Index for the July-Sep...