Property

Tourists' spending is showing signs of slowing down in Tokyo's exclusive Ginza district.

Tokyo's top-heavy store rents paint a gloomy picture

TOKYO -- A shadow is looming over Tokyo's upmarket Ginza shopping district, with foreign tourists starting to give the country's prime retail spot the cold shoulder.Tourist dollars have propped up the earnings of a number of Japanese retailers in rec...

  • Japan's retail investors flock to real estate

    TOKYO -- Japanese individual investors are pouring money into real estate as they chase higher returns amid low bond yields and a clouded stock market outlook.Net inflows into mutual funds targeting overseas real estate investment trusts reached 901....

  • Japan IT companies flock to regional cities for lower rents

    TOKYO -- Information technology companies are increasingly opening locations in Japan's regional cities to take advantage of cheaper rents and greater ease in hiring personnel.In Fukuoka, major companies are one after another relocating operations to...

  • China property investment increases, industrial output slows

    BEIJING -- China experienced a sharp increase in property development investment and public works spending in the January-April period, according to statistics that the Chinese government released on Saturday.The increased number of public works proj...

  • Sumitomo Realty to pour $15bn into building development

    TOKYO -- Sumitomo Realty & Development plans to spend 1.7 trillion yen ($15.6 billion) by fiscal 2021 to develop 30 office buildings, taking advantage of cheap funds supported by historically low interest rates.The planned buildings, mostly in Tokyo,...

  • Prime assets still attractive to investors, CBRE says

    HONG KONG -- Real estate investment in the Asia-Pacific region got off to a rough start this year as investor risk appetite was curbed by extreme volatility in capital markets. Total property turnover for the first quarter declined 9% to $18.6 billio...

  • Amid negative rates, Japan's REITs a big draw

    TOKYO -- Real estate investment trusts, with their relatively generous returns, have been enjoying strong demand here as the Bank of Japan's negative interest rate policy drives funding costs to historic lows.On the surface, there seems to be little ...

  • Tourists flocking to Tokyo hotels despite rising prices

    TOKYO -- Average occupancy at 18 major Tokyo hotels edged up 0.1 percentage point to 83.8% in the year ended in March -- staying in the 80% range seen as near full occupancy -- even as hotels hike rates, though recent data shows signs of a downtrend....

  • Tokyo condo plan may bring Japan's tallest residential skyscrapers

    TOKYO -- Nomura Real Estate Development and three other companies plan to construct two 65-story condominium buildings in the heart of Tokyo, set to be residential high-rises with the most floors in Japan.The Nomura Real Estate Holdings unit will wor...

  • Is Japan's latest REIT boom overheating?

    TOKYO -- Investment money is flowing into Japan's booming real estate investment trusts. Japanese REIT managers have been scrambling to acquire properties away from the Tokyo metropolitan area, while non-Japanese players are betting on the market's f...

  • Australia further delays China's Kidman land buy

    SYDNEY -- A controversial purchase by a Chinese-led consortium of a majority stake in a big collection of Australian outback cattle stations for $371 million Australian dollars ($286 million) has become hostage to federal elections set for July 2. ...

  • Australia weighs risks from Chinese investors' property spree

    SYDNEY -- Chinese investment in Australian real estate has nearly doubled in a year, sparking predictions that property values in big cities would be more vulnerable to a shock in Asia's powerhouse economy. Like most parts of Australia's economy,...

  • China March home prices rise at fastest rate in 2 years, top cities boom

    HONG KONG (Reuters) -- China's home prices in March gained at the fastest pace in almost two years but that growth may slow as local authorities tighten home purchase requirements in the two top performing cities on fears of a bubble forming. The...

  • Commentary

    Alastair Hughes: Making sense of headlines on China's economy

    One of the questions I am asked most often, particularly when in Europe or America, is: "Are the Chinese property markets going to go up or down?" It is impossible to answer this question with a simple answer. China's growth, once a driver of the...

  • Disneyland sparks surge for stays in Shanghai-area private lodgings

    SHANGHAI -- Demand for stays in ordinary homes is soaring in Shanghai now that tickets for the nearby Disneyland to open in June have gone on sale, as people seek alternatives to the pricier hotels within the resort. Short-stay rental search plat...

  • Thai developer Sansiri eyes 40% growth in property sales to foreigners

    TOKYO -- Sansiri, one of Thailand's biggest developers, expects 40% growth in domestic real estate sales to foreigners this year as efforts to woo Japanese and Chinese investors to the Southeast Asian country's property market continue to pay off. ...

  • Japan property investment logs 1st fall in 4 years

    TOKYO -- Property investment in Japan shrank 23% on the year to 4.08 trillion yen ($37.81 billion) in fiscal 2015, for the first contraction in four years, according to Urban Research Institute, which is affiliated with Mizuho Trust & Banking. Th...

  • How vintage Tokyo high-rises remain attractive

    TOKYO -- As Japan's capital undergoes a high-rise construction boom, some old renovated towers have managed to remain just as popular as the new pillars. The Shinjuku Sumitomo Building was built some 40 years ago in west Shinjuku. The edifice, o...

  • Commentary

    Morgan and Zhang: Asian home lending a source of stability

    While home loans are now often seen as a source of financial risk, Peter Morgan and Yan Zhang argue that Asian mortgage lending can be a stabilizer.

  • How long will Japan's luxury-condo boom last?

    TOKYO -- Condo units with prices in the hundreds of millions of yen are selling well in Japan. Eye-popping price tags don't seem to be deterring rich buyers, especially if the properties have good access to train stations. The Tokyo-based Real Es...