Property

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...

  • Real estate trends

    Land prices may be turning up in big Chinese cities

    BEIJING -- China's real estate market is starting to show signs of recovery in some of the largest cities, a possible tailwind for the overall economy. A state-owned enterprise bought residential land in the southern part of Beijing for more than...

  • Chinese home prices

    Green shoots in Shenzhen?

    BEIJING -- Prices of new homes in one major Chinese city bucked a nationwide slump in December, suggesting that China's depressed housing market may be starting to perk up. New-home prices fell in 66 of 70 metropolises compared with the preceding...

  • Chinese real estate

    More turmoil for Hong Kong-listed developers

    HONG KONG -- A Chinese real estate developer is verging on default after authorities blocked the sale of some of its properties as rumors fly about the sector's exposure to President Xi Jinping's fight against graft. Hong Kong-listed Kaisa Group ...

  • New business model

    China's Wanda building malls with outside funds

    DALIAN, China -- Dalian Wanda Commercial Properties is building 26 new malls funded by outside investors, keeping up its rapid expansion at a minimal cost to the business. The Dalian Wanda Group unit will raise a total of 24 billion yuan ($3.86 b...

  • Singapore property

    Sluggish sales may dampen GDP growth

    SINGAPORE -- The local property market so popular with Singaporean and overseas investors in recent years now faces a serious slowdown according to Singapore's Urban Redevelopment Authority (URA), which has just reported the worst monthly sales figur...

  • Urban development

    Myanmar government, JBIC to promote commercial projects

    YANGON -- The government of Myanmar is set to sign an agreement with Japan Bank for International Cooperation to establish a joint venture to promote urban development in the Southeast Asian country. The entity, capitalized at several hundred mil...

  • Lured by weak yen

    Foreign capital pouring into Japanese real estate market

    TOKYO -- Foreign companies roughly tripled purchases of real estate in Japan last year, driven by the weaker yen and expectations of a market recovery on the back of higher corporate earnings and the 2020 Olympic Games. Real estate purchases by f...

  • Japanese property market

    Sumitomo launches private REIT

    TOKYO -- Sumitomo is rolling out an unlisted real estate investment trust on Friday, tracking four properties developed by the trading house. SC Realty Private Investment's portfolio will initially include office and commercial buildings in Tokyo...

  • China property sales

    Gaps widen among developers in tough 2014

    HONG KONG -- Bigger gaps than usual were seen in the sales performances of China's biggest property developers in 2014, according to data released by China Index Agency, a leading Chinese think tank. Two companies -- Greenland Group and China Van...