Property

Samsung prepares to make a final exit from the Roppongi T-Cube building.

Roppongi T-Cube

Samsung to sell former Japanese headquarters

SEOUL -- South Korea's Samsung Electronics will sell its interest in Roppongi T-Cube, the building that once housed its Japanese headquarters, to Mitsui Fudosan as early as fiscal 2015 in a deal expected to be in the tens of billions of yen. The ...

  • Japan property market

    Foreign real estate investment rising sharply on weaker yen

    TOKYO -- Tokyo Star Bank, acquired in 2014 by CTBC Bank, one of Taiwan's largest financial institutions, frequently receives inquiries from individual Taiwanese investors wishing to invest in Japanese real estate. In fact, the Tokyo bank, which ...

  • Dodging the bubble

    Taiwan investors flock to 'cooler' Tokyo properties

    TOKYO -- Foreign investors are snapping up Japanese properties on the back of a weaker yen, and those from Taiwan, where the real estate market is heating up, have added incentive to buy. Huang Hsu-cheng, a 52-year-old Taiwanese entrepreneur, is ...

  • Japanese property

    Urban, suburban land prices continue to diverge

    TOKYO -- Commercial land prices in Japan have stopped falling for the first time in seven years, according to government data, but with the price of land for all purposes falling 0.3% nationwide, a solid recovery is still in the offing. One probl...

  • Commercial real-estate investment

    More Chinese cash abroad than at home

    BANGKOK -- Overseas real estate is getting a lot of Chinese money. Jones Lang LaSalle, a U.S. real-estate services company, said 2014 was an epoch-making year in terms of Chinese commercial real-estate investment. Outbound investment surpassed domest...

  • Property Down Under

    Australia forces Chinese tycoon to sell Sydney mansion but 'welcomes' foreign investment

    SYDNEY -- Are we welcome in Australia or not? It is a fair question from foreign investors looking to buy Australian assets, following a shock ruling in mid-March that will force one of China's richest men, Xu Jiayin, to sell a Sydney harborside mans...

  • Urban renaissance

    Japan's cities basking in commercial property investment

    TOKYO -- Urban commercial land values are making a comeback in Japan as cheap credit and a weak yen embolden foreign and domestic players alike to buy in. Meguro Gajoen, a multiuse complex featuring wedding and office space here in the capital, r...

  • Japanese real estate

    Commercial land may have hit bottom

    TOKYO -- Prices of commercial land in Japan have stopped falling for the first time in seven years, with the overall pace of land value decline continuing to slow, the latest official survey shows. As of Jan. 1, the nationwide average market valu...

  • Japan's avg. commercial land prices stop falling, 1st time in 7 yrs

    TOKYO (Kyodo) -- Helped by an economic recovery in metropolitan areas, average commercial land prices in Japan stopped falling from the previous year for the first time in seven years in the 12 months to Jan. 1, the government said Wednesday. Com...

  • Ana Swanson

    There may be many more Kaisas in China

    The Chinese government has little room to wiggle in dealing with debt in its property market, writes Ana Swanson.

  • Downtown real estate

    Tokyo office vacancies decline for 20th month

    TOKYO -- The average office building vacancy rate in downtown Tokyo decreased for the 20th straight month in February, with demand underpinned by companies looking to move into larger spaces. According to figures released Thursday by office broke...

  • Luxury Hanoi housing

    Developers offering full-service apartments in Vietnam

    HANOI -- Drawn by high rental income, a number of real estate companies are entering the full-service apartment business catering to foreigners living here, with intensifying competition raising fears of an oversupply. Japan's Haseko this month b...

  • Redeveloping Japan

    $5B high-rise project in works near Tokyo Station

    TOKYO -- Property developers Mitsui Fudosan and Tokyo Tatemono will spend more than 600 billion yen ($5 billion) on a project here, taking advantage of looser building codes meant to help Japan's capital attract foreign multinationals. The projec...

  • Private REITs

    Unlisted funds help companies raise cash quickly

    TOKYO -- Japanese companies from outside the property sector are increasingly turning to private real estate investment trusts to use their assets more efficiently. This trend is pushing the total value of assets held by the funds toward 1 trillion y...

  • Japan's property market

    Malaysian public pension fund buying Japanese real estate

    TOKYO -- Malaysia's Employees Provident Fund is becoming the first public pension fund in Asia to invest in Japanese properties, taking advantage of the soft yen as well as stable real estate prices under Abenomics. The fund spent roughly 14 bill...

  • Tokyo office space

    Competition for tenants keeps rent rise in check

    TOKYO -- Office rents in the Japanese capital are rising thanks to strong demand from companies looking to relocate. But the increase remains relatively slow due to an oversupply of new office space. In central Tokyo, the supply-demand balance is...

  • Property market Japan

    REITs accelerate capital increase

    TOKYO -- Japan's real estate investment trusts are actively raising funds to acquire properties, in the hope that improved property market conditions will continue. The REITs have raised 160 billion yen ($1.33 billion) since the start of the year...

  • China recovery?

    New home prices fall in 64 cities

    HONG KONG -- New-home prices fell in 64 of China's 70 major cities from a month earlier in January, excluding public housing, the National Bureau of Statistics announced Tuesday. That marked a slight decline from December's 66 cities, indicating ...

  • Record-breaking

    Japan's REITs raise $1.2B in first two months

    TOKYO -- The amount raised by Japan's real estate investment trusts through capital increases is expected to reach a record high of about 150 billion yen ($1.2 billion) in January and February 2015, excluding new listings and on the basis of issued p...

  • Full makeover

    Sumitomo Realty to update Tokyo skyscraper

    TOKYO -- Sumitomo Realty & Development plans to spend more than 10 billion yen ($83.6 million) on renovating a four-decade-old office tower in Shinjuku, seeking to raise the area's appeal and compete with brand-new buildings elsewhere in the capital....