Property

Hulic buys Tokyo Disney-area hotel

TOKYO -- Japanese real estate group Hulic has acquired an official hotel of Tokyo Disney Resort for an estimated price of more than 30 billion yen ($291 million), gaining exposure to a promising draw for foreign tourists. Located in seaside Uraya...

  • Sumitomo to launch private REIT

    TOKYO -- Sumitomo will begin soliciting investors for a privately placed real estate investment trust whose portfolio will include properties owned by the Japanese trading house. Geared for pension funds and other institutions seeking steady long...

  • Widodo victory would lift Indonesia property market: consultant

    JAKARTA -- A win for Jakarta Gov. Joko Widodo in Indonesia's presidential election would further boost the country's booming property market, a local executive with a U.S.-based consultancy said Wednesday. "Property developers will prefer a presi...

  • Major redevelopment project underway in Tokyo's Shinagawa area

    TOKYO -- A public-private initiative is underway to redevelop areas around Shinagawa station in Tokyo, with project costs seen totaling more than 500 billion yen ($4.87 billion). The Tokyo Metropolitan Government and JR East, among others, will t...

  • Chinese anti-corruption shock waves may spread

    HONG KONG -- Money laundering for the rich by the Bank of China recently revealed by the country's state broadcaster could have global repercussions. The Bank of China, one of the country's largest commercial banks, was accused by China Central T...

  • Vanke sets itself apart with enhanced services

    GUANGZHOU, China -- China Vanke, the country's biggest real estate developer based in Guangdong Province, is expanding services for the individual and business tenants of houses and commercial facilities it has built, in an effort to maintain its suc...

  • China's property policy hits rough patch

    HONG KONG -- China's property policy is caught in a do-or-die situation. House prices have begun falling, and property investment remains at a low level.

  • Australians debate foreign impact on high home prices

    SYDNEY -- Australia has benefited greatly from closer ties with China, which is a major source of prosperity as its biggest export market. But now there are growing fears over China's role in a market that is much closer to home: real estate. In...

  • Iconsiam, Bangkok's mega riverside development

    BANGKOK -- Iconsiam, Thailand's largest ever private property development, is scheduled for completion in 2017 along a 400-meter stretch of the Chao Phraya. Its backers hope it will change the axis of Bangkok and breathe new life into the Thai capita...

  • Taiwan's commercial property rental yield lowest in world

    TAIPEI -- Taiwan's commercial property has a rental yield of 2.2%, the lowest in the world, and that may lead to a fall in property prices later this year, real estate services firm CBRE said Tuesday. "Buyers in the market are becoming more conse...

  • Japan land prices bottoming out

    TOKYO -- Japan's National Tax Agency statistics showed Tuesday that the nation's land prices appear to be about to turn a corner. Using 2014 statistics for calculating inheritance and land value taxes, the agency found that while prices are down ...

  • Tokyo sees steep fall in condo building supply

    TOKYO -- What has caused the steep drop in the number of available condominium buildings in the greater Tokyo area? An average of 3,178 such units went on sale in the greater Tokyo region from January through May this year, down 18% from the same...

  • Seoul district recreates itself as shoe lover paradise

    SEOUL -- Seongsu district in the South Korean capital is now transforming itself into a footwear trendsetter. The area's many small-sized leather shoe factories offering affordable custom-made leather shoes and free shoemaking classes are attracting ...

  • Investment money fueling apartment construction boom

    TOKYO -- Rental residential properties are springing up in Japan as life insurers seeking better returns and individuals looking to reduce their inheritance taxes pour money into real estate. Newly built rental housing units increased 15.3% to a ...

  • Japanese REITs building to record profit

    TOKYO -- Pretax earnings at Japanese real estate investment trusts are on track to an all-time high of nearly 100 billion yen ($973 million) in the six months ending Sept. 30, propelled by higher land prices and increased demand for office space. ...

  • Yangon offices ranked Southeast Asia's priciest

    TOKYO -- Companies looking to rent office space in Myanmar should expect to pay far more than they would elsewhere in Southeast Asia, a new survey shows. The Japan External Trade Organization, the nation's trade promotion body, spent two months c...

  • Japan's public land sales hit post-Lehman high

    TOKYO -- The combined value of land sold by the Japanese government last fiscal year came to the highest level since fiscal 2007, prior to the global financial crisis, reflecting a recovery in the real estate market. Sales of state-owned land gre...

  • Housing loan rates falling to record low after sales tax hike

    TOKYO -- Japan's housing loan interest rates have been hitting record lows in recent months as the benchmark market interest rate remains at a low level. A drop in home purchases after April's consumption tax hike has added to a race for lower mortga...

  • Mori Building reaches higher, and to foreigners, to make Tokyo more global

    TOKYO -- Shingo Tsuji, the president of Mori Building, says that if Tokyo wants future urban development projects to succeed, they need to attract the rest of the world. On June 11, Mori building opened the Toranomon Hills skyscraper complex in Tokyo...

  • Tide rolling in for Japanese REITs

    TOKYO -- As Japanese equities tread water, real estate investment trusts are cruising along with some rich Asians on board. The Tokyo Stock Exchange REIT Index hit a new year-to-date high for a fourth straight session Wednesday, climbing 0.7%. Th...