Property

Japanese spa operator floating first hot-spring REIT

TOKYO -- Oedo-Onsen Holdings, a leading operator of Japanese hot-spring hotels, is about to make a splash by offering the world's first real estate investment trust specializing in those resorts.The Tokyo Stock Exchange is to approve the new REIT thi...

  • Empty space adding up at Tokyo-area fulfillment centers

    TOKYO -- The vacancy rate for large logistics facilities in greater Tokyo has risen to the highest in five and a half years amid a growing sense of oversupply.The rate reached 8.9% at the end of June, up 0.6 percentage point from three months earlier...

  • Malaysia's recent rate cut renews appeal for REITs

    KUALA LUMPUR (NewsRise) -- Malaysia-listed real estate investment trusts, also known as REITs, are witnessing a renewed interest following last week's surprise rate cut by the central bank as investors seek higher returns amid declining bond yields.S...

  • Asia's largest REIT launches Hong Kong's first green bond

    HONG KONG -- Link Real Estate Investment Trust, one of the Asia's largest REITs, has become the first property company in Asia and domestic enterprise in Hong Kong to launch a green bond, by selling a $500 million note due in 2026 at a coupon rate of...

  • Japan REITs pay record high on greater occupancy

    TOKYO -- Spurred by higher occupancy rates and rental incomes, Japanese real estate investment trusts performed briskly in their most recent fiscal periods, with the combined dividends of 27 selected REITs reaching 113.4 billion yen ($1.08 billion), ...

  • Bitcoin and China's endless chain of bubbles

    SHANGHAI -- From the stock and property markets to other segments of the economy, bubbles are continually cropping up in China. Lately, the country's investors have been turning to bitcoin in droves.Chinese investors are constantly shifting from one ...

  • Hong Kong district named world's most expensive office market

    TOKYO -- A business district in Hong Kong took the crown as the world's most expensive place to rent office space, moving past a prime location in London, a survey from real estate services group CBRE shows.It cost $290.21 to rent 1 sq. foot of offic...

  • Commentary

    Anthony Couse -- How technology is transforming China's real estate industry

    Innovations are reshaping China's real estate sector at an exhilarating pace, writes Anthony Couse.

  • Tokyo new-condo releases drop for sixth month in May

    TOKYO -- The number of new condominiums listed for sale in the Tokyo metropolitan area fell for a sixth straight month in May as rising prices cause more consumers to feel that properties are overpriced.The condominium market trend survey, released T...

  • New park to put Sony's stamp on changing face of Ginza

    TOKYO -- Sony's planned construction of a park in Tokyo's bustling Ginza district is the latest step in the rapid redevelopment of an area where commercial land prices are skyrocketing amid a surge of foreign tourism.The 50-year-old Sony Building wil...

  • Foreigners turn away from REITs amid BOJ inaction

    TOKYO -- Foreign investors sold more in Japanese real estate investment trusts than they bought this May, logging their first month of net selling in the era of negative interest rates, as expectations of more aggressive monetary easing by the Bank o...

  • Asia's largest REIT posts profit despite Hong Kong gloom

    HONG KONG -- Link Real Estate Investment Trust, Asia's largest REIT by market capitalization, posted on Wednesday healthy full-year earnings despite mounting economic and political pressures it faced in Hong Kong.Despite a slowing retail sector in Ho...

  • Investing in Japanese office buildings now riskier than ever

    TOKYO -- Japan's commercial properties are losing their luster, and concerns about an overheating market are growing.With central banks around the world trying to tempt growth with ultraloose monetary policies, a lot of the cash they are printing has...

  • Shenzhen could face corporate flight as real estate soars

    HONG KONG -- Skyrocketing real estate prices in Shenzhen are stirring rumors that powerful companies could soon flee -- and so far, city officials can only sit helplessly by.

  • Qatari fund buys Singapore office tower for record $2.45bn

    SINGAPORE -- Sovereign wealth fund Qatar Investment Authority has agreed to acquire a 43-storey office tower in Singapore from U.S. asset manager BlackRock for approximately $2.45 billion, the largest-ever deal for a commercial tower in the Asia Paci...

  • Japan land prices broadly climb in beginning of year

    TOKYO -- Land prices went up in a large swath of major urban areas in Japan during the first three months of the year, government data released Friday show.Land value grew in 89 of the 99 locations surveyed by Japan's Ministry of Land, Infrastructure...

  • Japan REITs record 1.5tn yen in latent gains

    TOKYO -- Surging property values have delivered Japanese real estate investment trusts their largest-ever latent gains, stirring further investor interest with the prospect of higher returns to come.Listed REITs held a total of 1.48 trillion yen ($13...

  • 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...