Property

Private REITs

Unlisted funds help companies raise cash quickly

TOKYO -- Japanese companies from outside the property sector are increasingly turning to private real estate investment trusts to use their assets more efficiently. This trend is pushing the total value of assets held by the funds toward 1 trillion y...

  • Japan's property market

    Malaysian public pension fund buying Japanese real estate

    TOKYO -- Malaysia's Employees Provident Fund is becoming the first public pension fund in Asia to invest in Japanese properties, taking advantage of the soft yen as well as stable real estate prices under Abenomics. The fund spent roughly 14 bill...

  • Tokyo office space

    Competition for tenants keeps rent rise in check

    TOKYO -- Office rents in the Japanese capital are rising thanks to strong demand from companies looking to relocate. But the increase remains relatively slow due to an oversupply of new office space. In central Tokyo, the supply-demand balance is...

  • Property market Japan

    REITs accelerate capital increase

    TOKYO -- Japan's real estate investment trusts are actively raising funds to acquire properties, in the hope that improved property market conditions will continue. The REITs have raised 160 billion yen ($1.33 billion) since the start of the year...

  • China recovery?

    New home prices fall in 64 cities

    HONG KONG -- New-home prices fell in 64 of China's 70 major cities from a month earlier in January, excluding public housing, the National Bureau of Statistics announced Tuesday. That marked a slight decline from December's 66 cities, indicating ...

  • Record-breaking

    Japan's REITs raise $1.2B in first two months

    TOKYO -- The amount raised by Japan's real estate investment trusts through capital increases is expected to reach a record high of about 150 billion yen ($1.2 billion) in January and February 2015, excluding new listings and on the basis of issued p...

  • Full makeover

    Sumitomo Realty to update Tokyo skyscraper

    TOKYO -- Sumitomo Realty & Development plans to spend more than 10 billion yen ($83.6 million) on renovating a four-decade-old office tower in Shinjuku, seeking to raise the area's appeal and compete with brand-new buildings elsewhere in the capital....

  • Japan's property sector

    3 big developers report gains in 9-month earnings

    TOKYO -- Three of Japan's five leading real estate developers saw their net profits rise in the nine months through December, thanks to resurgent demand for office space and capital gains on property divestments. One of the exceptions was Sumitom...

  • Rapid resale

    Mori Trust sells Tokyo commercial complex to US fund

    TOKYO -- Real estate developer Mori Trust sold the Meguro Gajoen hotel and restaurant complex here to American fund LaSalle Investment Management on Jan. 30, the Japanese company said Monday. Mori Trust had bought the property in August from U.S....

  • Japanese real estate

    Unbound by custom, Sony breathes new life into land sector

    TOKYO -- Sony ventured into the real estate business despite its lackluster business performance, including no dividend payment in fiscal 2014 for the first time since its listing. The idea of foraying into the sector caused plenty of turmoil and con...

  • Real estate investment

    REITs may have a leg up on property stocks

    TOKYO -- Real estate investment trusts in Japan have been growing more popular, while real estate stocks have been losing steam. It appears the difference in market capitalization between the real estate stocks and the REITs is now getting closer. ...

  • China's slowdown

    Property woes, credit risk concerns cloud recovery picture

    SHANGHAI -- China's property and stock markets are facing fresh bouts of turmoil as the national economy decelerates. The country's gross domestic product expanded 7.4% in 2014, according to preliminary data announced Jan. 20. It was the slowest ...

  • Tokyo real estate

    Hulic to buy Asakusa buildings for redevelopment project

    TOKYO -- Major Japanese real estate company Hulic plans to buy two buildings in Tokyo's Asakusa district from a real estate developer. The buildlings are currently operated by the Japan Racing Association. Hulic will consider redeveloping the bu...

  • Existing condos

    Tokyo prices climb for first time in 3 years

    TOKYO -- The average asking price for existing condominiums in the Tokyo area rose 2.1% in 2014, marking the first increase in three years, according to figures released Thursday by real estate research company Tokyo Kantei. A 70-sq.-meter unit a...

  • Logistics centers

    Tokyo vacancy rate at 18-month low

    TOKYO -- Vacancy rates at large distribution facilities fell to an 18-month low in the Tokyo area at the end of December, as logistics companies accelerated moves to improve operational efficiency. Large distribution facilities -- those with at l...

  • Asia-Pacific property

    Commercial real estate to hit $140B in 2015

    SINGAPORE -- Total transaction volume in the Asia-Pacific commercial real estate market is expected to hit a record high of $140 billion in 2015, according to a report by JLL. Although the end of quantitative easing in the U.S. and the fear of hi...

  • Chinese real estate in 2015

    Will looser mortgage restrictions offset property glut?

    SHANGHAI -- China's property market appears to have bottomed out, as some smaller municipalities have been easing restrictions on home purchases, introduced in 2010, since the second half of last year. According to Shanghai DZH, a Chinese financi...

  • Japanese commercial property market

    Slew of new office buildings coming to big cities

    TOKYO -- Tokyo and other major Japanese cities are set to receive a host of new office buildings this year, a development likely to prompt many businesses to relocate their offices. In 2015, the newly available area in large buildings with at lea...

  • Going global

    Mitsui Fudosan to build high-rise in New York

    TOKYO -- Japanese property developer Mitsui Fudosan is doubling down on New York City as the metropolis undergoes a 21st-century makeover of unprecedented scale. The company unveiled plans Wednesday to build a 51-story office tower in Manhattan, ...

  • Tight property market

    Hong Kong shares rise as home prices stay high

    HONG KONG -- Hong Kong stocks rose Wednesday after a luxury home was sold the day before for a hefty price, underscoring a tightening real estate market here. The Hang Seng Index jumped amid a broad rise in Asian stocks. With Shanghai stocks rall...