Property

Singapore's GIC close to buying office tower near Tokyo station

TOKYO -- A Singaporean sovereign wealth fund is in the final stages of negotiations to acquire part of a mixed-use building in front of Tokyo Station for an estimated 170 billion yen ($1.61 billion). GIC would purchase the office space of the 32-...

  • Higher building material costs cast shadow over Japan's real economy

    TOKYO -- Rising material prices and labor costs are pushing up prices for condominiums and other buildings, leading to a decline in sales and poor outcomes for bidding on construction projects. According to a survey by Nomura Securities, the cost...

  • Home prices falling in most of China's big cities despite deregulation

    HONG KONG -- China's real estate market has been in a correction phase for some time. While local governments are trying to boost struggling housing markets by relaxing restrictions on property buying, many market players believe that these efforts w...

  • Kenedix aims for listing of retail REIT by March 2015

    TOKYO -- Kenedix decided on a policy to establish a REIT with retail facilities as the main investment target and organized the planning office on August 7, 2014. Kenedix aims to list the REIT by March 2015, and in the meantime will keep track of mar...

  • China's housing market woes spread to 90% of key cities

    BEIJING -- Falling home prices across much of China in July provide fresh evidence of the sorry state of the country's real estate market. The sales prices of new residential buildings dropped from the previous month in 64 of 70 large and midsize...

  • Japan's Mori Trust moving toward deal for landmark Tokyo property

    TOKYO -- Japan's Mori Trust is making progress in negotiations to purchase a building complex in Tokyo from U.S.-based Lone Star Funds for an estimated 100 billion yen ($970 million), it was reported Thursday. Lone Star acquired the property, Meg...

  • Office vacancies in central Tokyo drop to over 5-year low

    TOKYO -- The office vacancy rate in the five core wards of Tokyo fell for the 13th straight month in July, sinking to its lowest level in five years and four months, according to data released Thursday by real estate broker Miki Shoji. In the Chi...

  • Hong Kong business optimism, real estate on the up, survey shows

    HONG KONG -- A recent survey of small and midsize companies in Hong Kong points to improving business sentiment and a bottoming out of the local real estate market. The Standard Chartered Hong Kong SME Leading Business Index for the July-Sep...

  • Condo boom continues in Southeast Asia: survey

    TOKYO -- A survey by the Japan Real Estate Institute shows that of five major cities in Southeast Asia, Jakarta and Kuala Lumpur saw a significant increase in the condo price index from 2010 as of April 2014. Jakarta saw a 54% increase and Kuala Lump...

  • 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 ...