Realty Reality

Sony to plunge into real estate

TOKYO -- Sony will branch out into the real estate market in August in an initiative to diversify operations and cultivate executives with broad experience. This marks the first effort of a newly launched project team to accelerate creating new b...

  • Commercial REITs attract investors wanting long-term stability

    TOKYO -- Japan's commercial real estate investment trusts are gaining ground as they attract investors looking for long-term stability. Commercial REITs can ensure stable returns from properties leased for relatively long periods that can span fr...

  • Tokyo companies supersizing offices to make room for growth

    TOKYO -- A growing number of businesses based here are expanding their offices as earnings improve and the economy shows a clearer shift away from deflation, making space for new employees and bringing group companies under one roof. Internet Ini...

  • Japan to ease face-to-face rule for property deals

    TOKYO -- Japan's land ministry is moving to allow some parts of buying a home or renting an apartment be done online instead of in person. Lifting the ban on using the Internet could make it easier to move to Japan or to relocate cross-country. ...

  • LG obtains 20% of new Kyobashi Trust Tower

    In March 2014, an affiliate of the LG Group of South Korea obtained about 20% of the recently completed Kyobashi Trust Tower. The seller was Mori Trust, which developed the building. The price was not disclosed, but the buyer obtained a mortgage ...

  • Japanese residential REITs offer stability

    TOKYO -- Japanese residential real estate investment trusts offer stability and decent yields for investors. There are more office REITs in Japan than residential ones. Office REITs have an average market capitalization of around 200 billion yen ...

  • Sumitomo planning plethora of urban real estate projects in US

    TOKYO -- Sumitomo Corp. will develop commercial and residential real estate in Chicago, Atlanta, Houston and four other American cities, pouring 80 billion yen ($775.6 million) into various projects by 2022. In Chicago, Sumitomo has acquired a 27...

  • Real estate prices beginning to drop across inland China

    BEIJING -- Real estate prices are dropping in China's inland cities. This decline could increase the risk of more bad debts as the country's economic growth slows. The National Bureau of Statistics announced Wednesday that the year-on-year growth...

  • China January-March housing sales down 7.7% on year

    SHANGHAI (Dow Jones) -- Housing sales in China in the three months ended March fell 7.7% to 1.11 trillion yuan ($178 billion), according to National Bureau of Statistics data released Wednesday Sales totaled 598.5 billion yuan in the two months ...

  • Japan's small investors chasing big returns with REITs

    TOKYO -- Individuals in Japan are enjoying stable returns on mutual funds linked to real estate investment trusts. Such funds bought 408.3 billion yen ($3.98 billion) more in REITs than they sold in the year ended March 31, with net purchases mor...

  • Mitsubishi Estate bringing Ascott flats to Tokyo biz district

    TOKYO -- Mitsubishi Estate on Monday announced it has attracted the top brand of Singapore's Ascott, the world's largest provider of serviced apartments for extended-stay business customers, to Tokyo's Otemachi district. Japan's first Ascott The ...

  • Bangkok feeling first squeeze of office shortage

    BANGKOK -- Demand for office space in Thailand's capital is starting to stretch the slow-growing supply, presenting a potential challenge for companies looking to move in. Bangkok's office vacancy rate fell to 9.6% at the end of 2013, dropping in...

  • Hoshino Resorts REIT acquiring Lone Star hotel portfolio, others

    TOKYO -- Hoshino Resorts REIT will obtain 21 hotels including Chisun Inn Chiba Hamano R16 for 14 billion yen ($132 million) from a special purpose company of Lone Star Funds and three ryokan inns including Hoshinoya Kyoto from the Hoshino Resort Grou...

  • Singapore's GIC front runner with Y130B bid for Meguro Gajoen

    TOKYO -- There is a good chance that the Government of Singapore Investment Corporation (GIC) will acquire the Meguro Gajoen complex, which is owned by Lone Star. GIC offered 130 billion yen ($1.2 billion) in its bid, according to sources. As of ...

  • Office rents for older buildings rising in Tokyo

    TOKYO -- As more businesses expand their offices in the Japanese capital, the available space is shrinking, driving up rents even in buildings more than a year old. The office vacancy rate in Tokyo's five central wards -- Chiyoda, Chuo, Minato, S...

  • Myanmar developer building luxury residences for natives

    YANGON -- Yoma Strategic Holdings, a Myanmar-based real estate company, is accelerating development projects here targeting the country's growing middle class. Yoma, which is listed on the Singapore stock market, is developing Star City, a luxury...

  • REITs boost investment in regional properties in Japan

    TOKYO -- Real estate investment trusts are sharpening their focus on properties outside Japan's large urban centers amid the rise of logistics facilities for online shopping and as properties in big cities grow expensive. At the end of fiscal 201...

  • Japan's Tokyu Livable to drum up real estate investment in Taiwan

    TOKYO -- Real estate brokerage Tokyu Livable will set up a joint venture in Taiwan to market investment properties in Japan to affluent Taiwanese. Until now, the unit of Tokyo-listed Tokyu Fudosan Holdings has relied on local real estate companie...

  • Changing times for investment Down Under

    My first trip to Australia as Asia-Pacific CEO of Jones Lang LaSalle was in early 2009, just after the global financial crisis erupted. I asked our head of research for a summary of the prospects for the real estate market there, and his answer was s...

  • Mitsubishi UFJ Morgan Stanley to move back to Japan's financial hub

    TOKYO -- Japanese brokerage Mitsubishi UFJ Morgan Stanley Securities, a unit of Mitsubishi UFJ Financial Group, has decided to relocate its headquarters in spring 2016. The move will see the company back in Japan's top financial center after 5 years ...