Property

Ulterior motives

Chinese boost U.S. property investments for green cards

AKIRA YAMASHITA, Nikkei staff writerNEW YORK -- The recent surge in Chinese investments in U.S. real estate has been driven partly by a U.S. immigration scheme that grants permanent residency to large-scale investors. Individuals who make at lea...

  • Buying American landmarks

    China closing in on record-high US real estate investments

    NEW YORK -- Chinese inflows into the U.S. real estate market are approaching a record high as investors take advantage of the country's strong economy and low interest rates to boost assets outside their struggling home market. Chinese invested $...

  • Japan real estate trusts

    Banks pump money into property via private REITs

    TOKYO -- Local and Shinkin banks are increasingly investing in major city real estate, with amounts being pumped into private real estate investment trusts reportedly accounting for over 30% of the entire REIT market. Private REITs are financial ...

  • Tokyu Fudosan gets ambitious

    Japanese property major boosts redevelopment spending 80%

    TOKYO -- Tokyu Fudosan Holdings is racheting up its construction activity, with plans to invest 820 billion yen ($6.78 billion) over the three years through March 2017 on major redevelopment projects. That amount is about 80% larger than the Jap...

  • Land survey

    Prices up at record 83% of localities in Japan

    TOKYO -- Even though Japan's economy has been slow to recover, the country's real estate market is picking up broadly thanks to low interest rates and expectations that land prices will rise. Land prices in 150 commercial and residential locatio...

  • Tokyo real estate

    Luxury condos marketed to rich foreigners

    TOKYO -- Japanese real estate companies are stepping up marketing of luxury condominiums in central Tokyo to the wealthy in other parts of Asia. The weaker yen has made such properties more affordable to overseas buyers. Asian investment funds ha...

  • Malaysian property market

    Development frenzy sparks bubble fears in Johor

    ISKANDAR, Malaysia -- On a palm tree-lined coastal road here, the Country Garden complex will feature luxury residences and classy stores. Adjacent to the showroom, a Chinese developer is rushing to build more than 9,000 residential units and malls i...

  • Japan Inc. in Indonesia

    Little Tokyo popping up in Jakarta suburb

    JAKARTA -- An Indonesian conglomerate owned by ethnic Chinese plans to develop a "Little Tokyo" on the outskirts of this capital city to cater to the growing number of Japanese sent here by their employers back home. Lippo Group has teamed up wit...

  • International property

    China's foreign real estate spending spree

    DALIAN, China -- A 56-story luxury condominium on the banks of the River Thames in London is drawing strong interest from Chinese investors. "One Nine Elms", by Dalian Wanda Group, China's largest commercial property company, is the conglomerate'...

  • Commercial real estate

    Tokyu Land to open complex for creative professionals in Tokyo's Daikanyama

    TOKYO -- Japanese property developer Tokyu Land on Nov. 28 will open a complex for designers and other creative professionals in Tokyo's Daikanyama district. The new Tenoha Daikanyama commercial complex will be built on a roughly 3,900-sq.-meter ...

  • Tokyo's Nihombashi district a blend of tradition, novelty

    TOKYO -- As one strolls the cobbled street past the Coredo Muromachi commercial building, a new landmark in central Tokyo's Nihombashi district, the brand new torii gate of the Fukutoku Shrine comes into view. On the shrine's new 530-sq.-meter site, ...

  • Funds flowing into Japanese real estate

    TOKYO -- Investors are pouring money into Japan's real estate sector as hopes for an end to deflation grow. Shares of Mitsubishi Estate and Sumitomo Realty & Development climbed nearly 3% Friday, while the Nikkei Stock Average gained just 0.56%. ...

  • Mitsui Fudosan's first-half net profit jumps 18% as property market perks up

    TOKYO -- Japanese real estate developer Mitsui Fudosan posted a record net profit for the April-September half, with market watchers giving at least some of the credit to the economic policies of Prime Minister Shinzo Abe. The company's net prof...

  • Tokyo's Ginza back streets full of retro flavor

    TOKYO -- Visit Tokyo's Ginza district and you'll see an abundance of swank shops and other upscale establishments lining the area's broad avenues. But slip into the back streets, and you'll find yourself in a very different place, with reminders of a...

  • Dai-ichi Life takes Italian partner for Tokyo apartment investing

    TOKYO -- Dai-ichi Life Insurance plans to set up a private placement investment fund of several dozen billion yen with the Italy-based Generali Group and invest the money in rental apartment complexes in Japan. Dai-ichi Life expects the scheme to pro...

  • Popularity of 'solitary confinement' condos worries Hong Kong property watchers

    HONG KONG -- Cramped condominiums are increasingly hot properties in Hong Kong, prompting pundits to sound the alarm about an overheating real estate market. Large apartments, not to mention single-family homes, are beyond the reach of many in t...

  • Office rents on the rise in Japan

    TOKYO -- Limited availability is pushing up rents for existing offices in Tokyo and Osaka, lifting a corresponding Tokyo index to its first second-half gain on the year since 2012. Nikkei Inc. surveyed listed rents for newly available properties ...

  • Mitsui to help launch Thailand's first logistics REIT

    TOKYO -- Mitsui & Co. will enter the logistics real estate investment trust business in Thailand. The Japanese company will invest a total of 1.5 billion yen ($13.7 million), including a 30% stake in a REIT manager of local industrial site develo...

  • Mitsui Fudosan accelerates Tokyo redevelopment with increased capital

    TOKYO -- Major Japanese real estate companies are speeding up development projects in the heart of Tokyo as many eye the 2020 Olympic Games. Mitsui Fudosan is spending much of the roughly 320 billion yen ($2.94 billion) it raised through its firs...

  • Facing lull at home, Tokyu sets about urbanizing SE Asia

    TOKYO -- The search for a new revenue source is taking railway operator Tokyu from its profitable but mature home market in Japan to fast-growing Southeast Asia, where lucrative redevelopment projects await. In Japan, Tokyu is the leader in redev...