Property

This luxury condo tower under construction in Manhattan is backed by a Chinese state-owned asset manager as well as other parties.

Real estate

Chinese money flying to New York

NEW YORK -- China's corporations have joined the country's wealthy elite in betting on the U.S. property market. These companies are trying to keep the value of their assets from falling along with the yuan and Chinese stocks as the country goes ...

  • Henderson Land Development

    Chairman eyes restructure as Hong Kong property sales hit 7-year low

    HONG KONG -- A long-awaited correction in Hong Kong's housing market seems to have begun, with home sales in the first month of 2016 hitting their lowest level in seven years and sales declining at leading property group Henderson Land Development. ...

  • Japan real estate

    Property sector skeptical about bump from BOJ move

    TOKYO -- Japanese property companies are starting to see signs of a change in their earnings environment. A shadow is being cast over once-rosy outlooks for one of their most important sources of income, condominium sales, which have so far helped th...

  • Ayala Land, LT Group

    35-hectare mixed-use development in the works

    MANILA -- Ayala Land and conglomerate LT Group on Friday announced they would jointly transform 35 hectares in eastern Metro Manila into a mixed-use complex. The companies will equally share the financing burden. The total cost has yet to be dete...

  • Jakarta property

    Lessee's market for offices

    JAKARTA -- The Indonesian capital's property market should see better days this year after two years in the doldrums when weak economic growth particularly dented office building prospects. New office space is expected to reach a new peak in 2016...

  • China housing prices rise 1.6% in December

    BEIJING (Reuters) -- China home prices rose 1.6 percent in December, higher than the previous month's reading of 0.9 percent, an official survey showed on Monday, marking the third month of year-on-year gains in a row. Compared with a month earli...

  • Australia orders sales of foreign-owned houses due to breach of ownership rules

    SYDNEY (Reuters) -- The Australian government said it ordered the sale of another eight residential properties bought in breach of foreign ownership laws, in a response to concerns that offshore buyers were driving up house prices. Australian cap...

  • China's slowdown

    Hong Kong real estate's bull run reaches turning point

    HONG KONG -- China's economic slowdown and the U.S. interest rate hike are casting a shadow over a Hong Kong real estate market that had climbed for almost seven years. Major sportswear manufacturer Adidas is preparing to open its flagship store ...

  • India real estate

    New investor-friendly rules to woo foreign funds

    MUMBAI (NewsRise) -- India's recent move to ease foreign investment norms in real estate will likely boost overseas fund flows into a sector struggling with project delays and weak demand, as the rule changes have by far been the most investor friend...

  • Alastair Hughes

    Asia to play pivotal role in 'new world order' of cities

    How is the current economic cycle recasting the hierarchy of cities around the world? For a real estate company like JLL, the growth and transformation of world cities is at the heart of everything we do, so it's a question that we have a passion for...

  • Bank of Japan

    Stepped-up REIT purchases may cause side effect

    TOKYO -- The Bank of Japan's decision Friday to relax rules on its purchases of real estate investment trusts fueled a market rally, though some say the action may come at a cost. The Tokyo Stock Exchange REIT Index climbed 1.5%, going in the opp...

  • Japanese office market

    Tokyo vacancies dip to 7-year low

    TOKYO -- The office market in Japan's capital remains healthy, with less space available and rents going up. The vacancy rate in the five wards of central Tokyo -- Chiyoda, Chuo, Minato, Shinjuku and Shibuya -- stood at 4.19% at the end of Novemb...

  • PropertyGuru

    Singapore real estate portal buys Indonesian competitor

    SINGAPORE -- PropertyGuru, one of Southeast Asia's largest online property portals, has purchased RumahDijual.com, a major Indonesian property website, as it tries to increase its market share in the archipelago. The acquisition means that "43% o...

  • Asian real estate

    Survey pegs Tokyo as best investment market for 2016

    HONG KONG -- Property market players see Tokyo as the Asia-Pacific region's best bet for next year, according to a survey released on Thursday by global consultancy PricewaterhouseCoopers. The annual report, "Emerging Trends in Real Estate Asia P...

  • Myanmar property

    Foreign developers fuel commercial boom in Yangon

    YANGON -- Large commercial complexes are popping up in Yangon as foreign property developers seek to cash in on an expected surge in consumer spending in one of Southeast Asia's least-developed nations. Vietnamese real estate developer Hoang Anh ...

  • Office rents

    Tokyo increases outpace rest of world

    TOKYO -- Office rents in downtown Tokyo grew the most of any major city in the world from at the end of April through the end of October, the Japan Real Estate Institute said Thursday. The institute's survey tracked leasing rate trends in 14 majo...

  • U.S. asset manager Fortress eyes higher exposure to Japan hotels

    TOKYO (Reuters) -- U.S. alternate asset manager Fortress Investment Group, which has pumped in about $180 million from a new fund into Japan hotel assets, is considering further investments in the sector due to its long-term growth potential, despite...

  • Real estate

    Sekisui House spending $2.4bn on US projects

    OSAKA -- Sekisui House will invest about 300 billion yen ($2.41 billion) by fiscal 2018 to develop its U.S. land holdings, selling homesites in the suburbs and building high-rise rental properties in urban centers. The Japanese company positions ...

  • Tokyo-area real estate

    Condos, shops planned near Apple R&D site in Yokohama

    TOKYO -- Nomura Real Estate Development is planning a major mixed-use development project near an R&D facility that Apple will open in Yokohama. The Nomura Real Estate Holdings unit will redevelop about 5 hectares at the site, building condominiu...

  • Japanese real estate

    Condo sales fall for second month amid building scandal

    TOKYO -- The scandal surrounding a leaning apartment complex in Yokohama is sinking condominium sales in the Tokyo area. New-condo sales in October fell 6.5% from a year earlier to 2,921 units, the third-lowest figure for the month since records ...