Property

© Reuters

China's housing prices continue to head south

BEIJING -- Housing prices keep sliding in China, with declines spreading beyond glut-ridden regional cities to such metropolises as Beijing and Shanghai, where demand is normally strong. New-home prices fell from the previous month in all but one...

  • Robust housing starts offer hope for Australian recovery

    SYDNEY -- Hopes for a recovery in Australia's economy have been given a boost from strong growth in home construction, which has hit a 19-year high. With the country's large mining sector suffering from weak commodity prices, government officials...

  • Tokyo office lessors cater to the little guy

    TOKYO -- Major Japanese real estate companies are homing in on new target customers: budding ventures and individual businesspeople who want some space of their own. Sumitomo Realty & Development is about to open its first shared office facility ...

  • China's property market set for correction, not collapse

    The real estate sector in China has been called the most important sector in the world. It accounts for over 16% of China's gross domestic product and is the largest source of marginal global demand for commodities. To put it in context, investment i...

  • Taiwan, Hong Kong investors targeting Japanese real estate

    TAIPEI/HONG KONG/TOKYO -- Rich individuals from Taiwan and Hong Kong are turning toward Japanese real estate as rising prices at home squeeze returns on investments there. Many Japanese properties generate yields of 4-6% after management fees and...

  • Handan's property dream is over

    HANDAN, China -- "A new life starts here," goes the advertising slogan for Handan in China's northern Hebei province. However, ''a new life'' in the city may not be as promising as the slogan suggests. Unfinished high-rise condominiums, where tho...

  • Singaporean sovereign wealth fund buys Tokyo office space

    TOKYO -- GIC has purchased a portion of a 32-story skyscraper by Tokyo Station, the latest in a series of investments from abroad in major properties of central Tokyo. The Singaporean sovereign wealth fund likely paid around 170 billion yen ($1.5...

  • Big buyout causes concerns for property search operator Next

    TOKYO -- Japan's Next Co., operator of real estate website Home's, will spend 11 billion yen ($101 million) in November to buy Trovit Search, a Spanish search engine developer. The amount is equivalent to roughly 70% of Next's sales for the fiscal ye...

  • Giant bus terminal planned for Tokyo Station's east side

    TOKYO -- A new, large, underground bus terminal will be built on the east side of Tokyo Station, with construction to begin next fiscal year. The new terminal is part of a major redevelopment project led by Mitsui Fudosan and Tokyo Tatemono to constr...

  • 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...