Property

Adrian Cheng, executive vice chairman, second left, and Henry Cheng, chairman, second right, unveiled New World Developmentā€™s full-year results. (Photo by Joyce Ho)

New World Development sees new lights amid profit plunge

HONG KONG -- Chinese property developer New World Development, chaired by Hong Kong tycoon Henry Cheng Kar-shun, saw earnings decline sharply for the year ended June as property sales slowed. But optimism surrounding a strong project pipeline has buo...

  • Fate of Japan's land price gains hinges on real demand

    TOKYO -- Much of this year's rise in land values in cities outside the main urban centers of Tokyo, Osaka and Nagoya has been driven by yield-starved investors, raising the risk that the trend will not be sustainable unless real demand keeps pace.Com...

  • Japan's commercial land prices see first gain in 9 years

    TOKYO -- Commercial land prices in Japan saw an annual increase for the first time in nine years, with cities outside the "big three" of Tokyo, Osaka and Nagoya leading the way as negative interest rates pushed yield-seeking investors into real estat...

  • Indonesian developers count on tax amnesty boost

    JAKARTA -- Jakarta's largest developers are looking to score big as billions of repatriated dollars are expected to return from overseas in the tax amnesty scheme and go into properties.

  • China's housing market notches broad gains in August

    BEIJING -- New-home prices rose in 64 of 70 key Chinese cities in August from the month prior, the National Bureau of Statistics said Monday.Increases were seen in 13 more cities than in July, and price growth was pronounced in major cities like Beij...

  • Tokyo office rents still down 20% from pre-financial-crisis levels

    TOKYO -- Office rents in central Tokyo remain about 20% below where they were before the 2008 financial crisis amid waning demand for pricey properties as foreign financial institutions move out of the city.Asking rents in the capital's five central ...

  • Nomura REIT to boost assets to 1.5tn yen

    TOKYO -- Nomura Real Estate Master Fund aims to expand its portfolio by 50% to 1.5 trillion yen ($14.4 billion) in five years. The real estate investment fund, or REIT, merged with Top REIT on Thursday, lifting its assets under management to 933.1 bi...

  • Japan developers struggling to unload condos

    TOKYO -- Japan's leading real estate developers are having a harder time meeting condominium sales targets this fiscal year than last, reflecting a cool-down in a potentially overheated condo market.At the end of June, contract progress rates at Nomu...

  • Commentary

    Anthony Couse -- Abenomics has been good for Japan's real estate market

    Despite recent domestic and global economic headwinds, interest in Japan's real estate sector continues to swell, writes Anthony Couse

  • Tokyo condo prices falling from lofty perch

    TOKYO -- The condominium market here is showing signs of cooling as a stronger yen and a stock market slowdown turn off the foreign investors and well-heeled domestic buyers who had snapped up pricey units.The number of units newly listed for sale in...

  • Fall of 5-10% in Hong Kong property prices 'not abnormal' -- Wheelock

    HONG KONG -- Hong Kong's property market has yet to stabilize and could fall by 5-10% in the second half of the year, according to leading developer Wheelock."Given the global uncertainties arising from Brexit and volatility in the currency market an...

  • Commentary

    Peter S. Kim -- Unlocking South Korea's rental funds

    South Korea's unique key money system is tying up capital that could be better used to fuel domestic consumption

  • New Zealand home prices prompt calls for immigration cut

    WELLINGTON -- Soaring house prices in Auckland, New Zealand's largest city, are prompting growing calls for cuts in immigration, which is running at record levels.It is not only politicians and commentators that are talking about cutting the number o...

  • Store rents climb in Osaka on foreign visitor surge

    TOKYO -- Rental rates are going up in Osaka's business district as retailers open more stores to accommodate an influx of foreign visitors.The estimated June contract rate for 200 sq. meters of floor space on the first floor of a building in the Shin...

  • Nomura Real Estate to redevelop central Tokyo

    TOKYO -- Nomura Real Estate Holdings will launch a 350 billion yen ($3.41 billion) redevelopment project in Tokyo's Hamamatsucho district, close to a station for magnetic-levitation bullet train service slated to launch in a decade or so.Construction...

  • Property booms as Thais rush to rural Khon Kaen

    KHON KAEN, Thailand -- In the heart of northeastern Thailand's largest city, a 37-story luxury condominium rises as a beacon of "vertical living," as some locals describe it. All 414 units in this new condo, named "The Houze," have been snapped up by...

  • Japanese spa operator floating first hot-spring REIT

    TOKYO -- Oedo-Onsen Holdings, a leading operator of Japanese hot-spring hotels, is about to make a splash by offering the world's first real estate investment trust specializing in those resorts.The Tokyo Stock Exchange is to approve the new REIT thi...

  • Empty space adding up at Tokyo-area fulfillment centers

    TOKYO -- The vacancy rate for large logistics facilities in greater Tokyo has risen to the highest in five and a half years amid a growing sense of oversupply.The rate reached 8.9% at the end of June, up 0.6 percentage point from three months earlier...

  • Malaysia's recent rate cut renews appeal for REITs

    KUALA LUMPUR (NewsRise) -- Malaysia-listed real estate investment trusts, also known as REITs, are witnessing a renewed interest following last week's surprise rate cut by the central bank as investors seek higher returns amid declining bond yields.S...

  • Asia's largest REIT launches Hong Kong's first green bond

    HONG KONG -- Link Real Estate Investment Trust, one of the Asia's largest REITs, has become the first property company in Asia and domestic enterprise in Hong Kong to launch a green bond, by selling a $500 million note due in 2026 at a coupon rate of...